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Pivot Trading

  • #17,841
  • Apr 27, 2018 7:37am Apr 27, 2018 7:37am
Quoting vickym
{quote} Better than forecasted data....USD bulls may not be done yet...careful with shorting USD just yet
also May 2nd
FOMC Statement
USD
Federal Funds Rate

Keep in mind usually market prices in the rate and I think 80% already has been.Don't be surprised even if Feds raise USD plummets right after as what we experienced last time around.
In trading, you have to be defensive and aggressive at the same time
  • #17,842
  • Apr 27, 2018 7:38am Apr 27, 2018 7:38am
Quoting Davit
{quote} also May 2nd FOMC Statement USD Federal Funds Rate
Yep...I think USD might fall post the May 2nd meeting...looks like another hike is anticipated and may be priced in already...
Fall seven times, stand up Eight! #GGMU
  • #17,843
  • Apr 27, 2018 7:53am Apr 27, 2018 7:53am
Edgar A Don't Quit


When things go wrong, as they sometimes will,
When the road you're trudging seems all uphill,
When the funds are low but the debts are high,
And you want to smile but you have to sigh,
When care is pressing you down a bit...
Rest if you must, but don't you quit!

Life is queer with its twists and turns,
As every one of us sometimes learns,
And many failures turn about

When we might have won had we stuck it out.
Don't give up though the pace seems slow...
You may succeed with another blow.

Often the struggled has given up
When he might have captured the victor’s cup;
And he learned too late when the night came down,
How close he was to the golden crown.

Success is failure turned inside out...
And you can never tell how close you are
It may be near when it seems so far.
So stick to the fight when you’re hardest hit
It’s when things seem worst that you must not quit.
In trading, you have to be defensive and aggressive at the same time
  • #17,844
  • Apr 27, 2018 7:58am Apr 27, 2018 7:58am
4h spike on UJ at R200.
Still have an eye though on May 2 FOMC though. Will watch closely
  • #17,845
  • Apr 27, 2018 8:04am Apr 27, 2018 8:04am
Quoting Davit
Edgar A Don't Quit When things go wrong, as they sometimes will, When the road you're trudging seems all uphill, When the funds are low but the debts are high, And you want to smile but you have to sigh, When care is pressing you down a bit... Rest if you must, but don't you quit! Life is queer with its twists and turns, As every one of us sometimes learns, And many failures turn about When we might have won had we stuck it out. Don't give up though the pace seems slow... You may succeed with another blow. Often the struggled has given up When he...
Beautiful...I have read this so many times and it is so true and motivating. Along with all skills & discipline, I believe Persistence is another key factor that defines winners from losers.
Fall seven times, stand up Eight! #GGMU
  • #17,846
  • Apr 27, 2018 8:08am Apr 27, 2018 8:08am
Closed my EA shorts as price almost reached weekly Pivot.
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  • #17,847
  • Apr 27, 2018 8:12am Apr 27, 2018 8:12am
Quoting vickym
{quote} Beautiful...I have read this so many times and it is so true and motivating. Along with all skills & discipline, I believe Persistence is another key factor that defines winners from losers.
Lot of lessons in life is in nature.

Tiger only catches 10% of prey it attacks and yet she attacks over and over and probabilities eventually win and tiger lives!
Think about this.Had the tiger even once doubts she will die.How many of us want success this badly? Then take the effort!Make it count! Do your work calendar!Pivots etc.One can clearly see guys here who outperform others and you must look what they do different and emulate.
That's what we do in the Arts.I spend countless hours in museums watching and learning.Its all there and its all have been done already.Nothing in trading is new. Jesse Livermore traded pivots way back when only few were aware of it...no computers he spent countless hours reading paper tape of prices...marking key pivots...That's determination. Every trader worth his salt should read REMINISCENCES OF A STOCK OPERATOR
In trading, you have to be defensive and aggressive at the same time
  • #17,848
  • Edited 8:30am Apr 27, 2018 8:12am | Edited 8:30am
UC short.
Just kissed 61.8 Fibonacci retracement.

I know I'm probably early and May 2nd (USD event), but I'm starting to build a small position.
  • #17,849
  • Edited 8:32am Apr 27, 2018 8:16am | Edited 8:32am
UC
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  • #17,850
  • Apr 27, 2018 8:17am Apr 27, 2018 8:17am
Quoting Davit
{quote} Lot of lessons in life is in nature. Tiger only catches 10% of prey it attacks and yet she attacks over and over and probabilities eventually win and tiger lives! Think about this.Had the tiger even once doubts she will die.How many of us want success this badly? Then take the effort!Make it count! Do your work calendar!Pivots etc.One can clearly see guys here who outperform others and you must look what they do different and emulate. That's what we do in the Arts.
To add to this great post, the Tiger also knows when to hunt, what to hunt,and the characteristics of weak prey. It lies in wait in the grass until everything comes together. If there is failure, as you said, it will simply repeat the process. When it is right, the meal will be more than worth the trouble.
If you are good at something, never do it for free--Joker
  • #17,851
  • Apr 27, 2018 8:20am Apr 27, 2018 8:20am
Quoting jmn5611
{quote} To add to this great post, the Tiger also knows when to hunt, what to hunt,and the characteristics of weak prey. It lies in wait in the grass until everything comes together. If there is failure, as you said, it will simply repeat the process. When it is right, the meal will be more than worth the trouble.
Yes !Totally agree tiger knows all these and repetition becomes a behavior.To me trading pivots is very easy because I have thousands of trades already under my belt basically its a behavior for me.
In trading, you have to be defensive and aggressive at the same time
  • #17,852
  • Apr 27, 2018 8:29am Apr 27, 2018 8:29am
Now short on UJ. TDI on H1 is strongly pointing down.
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  • #17,853
  • Apr 27, 2018 8:29am Apr 27, 2018 8:29am
Quoting Ihsanmedic
UC {image}
Your trade does not show but I assume you've shorted USDCHF. SNB favors a depreciated franc and have stated so openly in recent times. SNB is also known for their manipulations. Be careful buying the franc right now.

Plz add pivots to your charts, they'll help

Swiss National Bank President Jordan Says CHF's Depreciation Provides 'Welcome Relief' for the Economy
Fall seven times, stand up Eight! #GGMU
  • #17,854
  • Apr 27, 2018 8:31am Apr 27, 2018 8:31am
Quoting Davit
{quote} Yes !Totally agree tiger knows all these and repetition becomes a behavior.To me trading pivots is very easy because I have thousands of trades already under my belt basically its a behavior for me.
So, in sum, I chose the right avatar
  • #17,855
  • Apr 27, 2018 8:31am Apr 27, 2018 8:31am
Quoting Davit
{quote} I had a profound realization almost 3years ego when discovered the Pivots and totally changed my trading then seriously started to apply Mark Douglas principles and never looked back.Some things come together right time right trigger. People who realize fabulous Edge this system has rip $$ the benefits others fail and this is how it should be not everyone is on same level in experience. You can tell who is who by their comments alone... good luck and continue building that account. Here is the real funny thing about my success...
Some People do get jealous seeing someone can succeed in forex, we can't change their opinion Davit, but you can ignore them. Your numbers don't lie, haters gonna hate anyway ...
  • #17,856
  • Apr 27, 2018 8:32am Apr 27, 2018 8:32am
Quoting vickym
{quote} Your trade does not show but I assume you've shorted USDCHF. SNB favors a depreciated franc and have stated so openly in recent times. SNB is also known for their manipulations. Be careful buying the franc right now. Plz add pivots to your charts, they'll help
best not even trade that garbage CHF I don't have it on my chart don't even look at it.
-.75 rate even keeping it 1 day you will pay good chunk swap.I have posted this multiple times here but new guys new mistakes...
In trading, you have to be defensive and aggressive at the same time
  • #17,857
  • Apr 27, 2018 8:34am Apr 27, 2018 8:34am
Quoting Davit
{quote} best not even trade that garbage CHF I don't have it on my chart don't even look at it. -.75 rate even keeping it 1 day you will pay good chunk swap.
Yes, not part of my trade plan either.
Fall seven times, stand up Eight! #GGMU
  • #17,858
  • Apr 27, 2018 8:34am Apr 27, 2018 8:34am
Quoting vickym
{quote} Your trade does not show but I assume you've shorted USDCHF. SNB favors a depreciated franc and have stated so openly in recent times. SNB is also known for their manipulations. Be careful buying the franc right now. Plz add pivots to your charts, they'll help Swiss National Bank President Jordan Says CHF's Depreciation Provides 'Welcome Relief' for the Economy
Thanks a lot for the advice, the pivot was auto off when i set it on higher TF than H1.. just updated it! thanks once again
  • #17,859
  • Apr 27, 2018 8:34am Apr 27, 2018 8:34am
Quoting Davit
{quote} best not even trade that garbage CHF I don't have it on my chart don't even look at it. -.75 rate even keeping it 1 day you will pay good chunk swap.
Plus, SNB are dangerous folk.
  • #17,860
  • Apr 27, 2018 8:39am Apr 27, 2018 8:39am
Quoting pgr45za
{quote} Plus, SNB are dangerous folk.
Yes caused lot of brokers chapter 7 bankruptcy causing lot of traders losing their money.Its basically worthless as trading instrument.
When you consider Euro is 99% correlated with Swissy then why even bother just trade the Euro.Euro is cheaper and more liquid with better stability.

https://www.investopedia.com/article...lationship.asp
Making Sense Of The EUR/CHF Relationship
In trading, you have to be defensive and aggressive at the same time
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