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Pivot Trading

  • #17,861
  • Apr 27, 2018 8:53am Apr 27, 2018 8:53am
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...
It is true about " right time" . To me it came this week. When you posted about " tiger and prey" and your comment to " what if ". It all becomes so clear.
Thank you for all you do Davit. The more I read the more I understand the principle of Probability. It's all in our minds. Have a great weekend!
  • #17,862
  • Apr 27, 2018 9:12am Apr 27, 2018 9:12am
BEWARE: I'm hearing that NAFTA deal could be reached this weekend.

Better to close all positions over the weekend.
  • #17,863
  • Apr 27, 2018 9:14am Apr 27, 2018 9:14am
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...
Absolutely love this!
  • #17,864
  • Apr 27, 2018 9:24am Apr 27, 2018 9:24am
Quoting Davit
GM pivoters could not have asked better results GA +1884 may sell again once this hits above 83 which I anticipate. {image}
I am with you Davit! I made about 1/10 of what you did, but I am happy! Seeing those huge numbers of yours is what got me into trouble a while back. I wanted to see those big numbers in my account so I ended up risking too much.
  • #17,865
  • Apr 27, 2018 9:32am Apr 27, 2018 9:32am
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.I have posted this multiple times here but new guys new mistakes...
Best advice of the day, I read this several times on your forum. Their swap takes to much of your hard earned profits... I removed all chf crosses from my watch list
  • #17,866
  • Apr 27, 2018 9:34am Apr 27, 2018 9:34am
http://www.forexbonuses.org/7-mistak...forex-trading/
  • #17,867
  • Apr 27, 2018 9:34am Apr 27, 2018 9:34am
Attached Image
  • #17,868
  • Apr 27, 2018 9:46am Apr 27, 2018 9:46am
UC short working ...
  • #17,869
  • Edited 10:48am Apr 27, 2018 10:24am | Edited 10:48am
Quoting Seshwaan
GM all, UJ entry here. Did enter yesterday and price has seemingly stalled at the R200 level since. I have not yet added to the position following my first entry. Some may say this is risky with US news today however my thoughts all week have been that this USD rally has been a buy the rumor sell the fact.. I can honestly see GDP coming in lower than 2.0%, estimates of GDP from the fed were dropping lower and lower throughout the back end of Q1 and went from a ridiculous forecast of 5.5 on Febuary 1st to 1.8 at the end of march and now back up to...

UJ update - GDP came in at 2.3 which was higher than expected but the bull run hasn't continued. Added a few

Attached Image (click to enlarge)
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  • #17,870
  • Apr 27, 2018 10:26am Apr 27, 2018 10:26am
Quoting Seshwaan
{quote} UJ update - GDP came in at 2.0 as expected and, as was probable, the bull run hasn't continued. Added a few {image}
2.3%, actually. 2.0% was expected. So it beat expectations.

Attention to detail is crucial.
  • #17,871
  • Apr 27, 2018 10:35am Apr 27, 2018 10:35am
closed NJ going nowhere +60
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #17,872
  • Apr 27, 2018 10:42am Apr 27, 2018 10:42am
Quoting Davit
closed NJ going nowhere +60 {image}
I may be wrong, but I think you'll revisit this pair next week.
Look at the bullish harmonic patterns on H4 and it's sitting on WR61.
  • #17,873
  • Edited 10:57am Apr 27, 2018 10:43am | Edited 10:57am
Quoting pgr45za
{quote} 2.3%, actually. 2.0% was expected. So it beat expectations. Attention to detail is crucial.
Damn.. i was listening to livesquawk and did hear the 2.3 then heard the 2.0 after for the GDP price index and got them mixed up... was at work at the time so forgive me

Edit: And the guys on livesquawk talk so fast.. IF nothing else then it really does help to confirm the end of the bull run with better than expected GDP not causing it to continue.

I suspected that might happen to be honest due to the earnings reports earlier this week.. CAT for example came in with higher than expected earnings and they closed -6% at the end of the day.. This to me shows weakness in the US economy as a whole.

I really think raising rates will turn out bad for the US... government debt is so high right now not to mention household debt is at record highs... Can people cope with interest rates rising much more?
  • #17,874
  • Apr 27, 2018 10:57am Apr 27, 2018 10:57am
Quoting Seshwaan
{quote} Damn.. i was listening to livesquawk and did hear the 2.3 then heard the 2.0 after for the GDP price index and got them mixed up... was at work at the time so forgive me Edit: And the guys on livesquawk talk so fast.. IF nothing else then it really does help to confirm the end of the bull run with better than expected GDP not causing it to continue. I suspected that might happen to be honest due to the earnings reports earlier this week.. CAT for example came in with higher than expected earnings and they closed -6% at the end of the day.....
Dollar bulls could just be taking profits ahead of an uncertain weekend (NAFTA).
  • #17,875
  • Apr 27, 2018 11:01am Apr 27, 2018 11:01am
Quoting pgr45za
{quote} Dollar bulls could just be taking profits ahead of an uncertain weekend (NAFTA).

Yes that is a very real possibility
  • #17,876
  • Apr 27, 2018 11:26am Apr 27, 2018 11:26am
It may go upper but I am tired of this xauusd. GA, GN, EA, EJ were all good. This is enough for the week. Today is the kings day in Netherlands. Lets have booze, music and etc.
Thanks all.
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  • #17,877
  • Apr 27, 2018 11:51am Apr 27, 2018 11:51am
I had a great week overall way over 10% for the month.Could of been lot greater week was holding EA UC for BO which so far has not occurred but was in good profit....at one point both pairs...
That's how it is sometimes it breaks you make lot of money other times bounces right up eating the profits.I learned to accept it.
My graph for this week.Let the haters begin... perfect score! that's $440 per day of trading this week.Certainly beats my regular job.

Thank you for your participation! and wish you good results
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #17,878
  • Apr 27, 2018 12:47pm Apr 27, 2018 12:47pm
PLAN:

Monday:
NZD Business Confidence
AUD RBA Gov Speaks
Wait and see what happens.

Tuesday:
AUD Cash Rate 1.50%, expected no change but if they will increase... AUD will rocket to the sky!
AUD RBA State Statement
GBP manufacturing PMI expecting red 54.9
GBP maybe go lower at the start of the week
CAD GDP: expecting green number 0.3%
USD ISM Manufacturing PMI 58.6 expected
so after GBPUSD will drop down then maybe buy GU
CAD BOC Gov Poloz Speaks - expecting nothing special here

Wednesday:
NZD employment change expected positive 0.6%
NZD unemplyment rate 4.5% no change
if green numbers then will search setup for longs on NZDCAD, maybe NZDUSD

GBP construction PMI expected green number 50.9
here maybe search for longs on GBP

Crude Oil Inventories
USD ADP Non-farm-Employment Change expecting worst 194.
FOMC, Federal Funds Rate expecting no change 1.75%
maybe dollar at the start of the week will go into correction

Thursday:
AUD Trade Balance expecting green numbers: 0.95B
still holding AUDCAD longs. So maybe AUD will get power this week.

GBP Services PMI expecting green numbers 53.3
so after correction on the GBP maybe GBP will start to gain
CAD Trade Balance no forecast yet
USD ISM Non-Manufacturing PMI 58.1 expecting worse

Friday:
PAYROLLS ELDORADO DAY
AUD RBA Monetary Police Statement do not really know what to expect
USD Average Hourly earning m/m 0.2%
Non-farm Employment Change PAYROLLS: expecting very positive: 185K
Unemployment Rate: expecting lower 4.0%


very mixed week. hard to say...
  • #17,879
  • Apr 27, 2018 1:38pm Apr 27, 2018 1:38pm
Quoting Davit
I had a great week overall way over 10% for the month.Could of been lot greater week was holding EA UC for BO which so far has not occurred but was in good profit....at one point both pairs... That's how it is sometimes it breaks you make lot of money other times bounces right up eating the profits.I learned to accept it. My graph for this week.Let the haters begin... perfect score! that's $440 per day of trading this week.Certainly beats my regular job. Thank you for your participation! and wish you good results {image}...
Great results, when you figure out that formula for yourself it just matter of sticking to the rules. What I find about trading as it's also allow you to grow when you deserve it. Grow the account and grow the profit, when at regular job you might not get a raise even when you deserve it.
  • #17,880
  • Apr 27, 2018 2:00pm Apr 27, 2018 2:00pm
Just back from lecturing ... to see that I closed my UC shorts and NJ longs too early.

Having a JOB helps pay the bills and provides a certain stream of income, but boy is it a pain when this kind of thing happens.

Have a great weekend every1.
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