Pivot Trading | Page 899 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Open Trade near Pivot line (Pivot Point) 16 replies

Weekly Pivot to Pivot Trading 19 replies

The Pivot Net Revisited (Weekly Pivot Net) 41 replies

Help with daily pivot, weekly pivot on MT4 3 replies

Pivot high - Pivot low MT4 3 replies

Attachments: Pivot Trading
Exit Attachments

Pivot Trading

  • #17,961
  • May 1, 2018 5:19am May 1, 2018 5:19am
Quoting pgr45za
Sorry to get a bit off topic here, but does anyone know of an indicator that just shows a list of symbols with the change since open in %? Thanks (and happy Labor Day for those who celebrate it) Pedro
Here it comes ...
https://www.forexfactory.com/showthread.php?p=8931798

Perhaps the background color has to be set for best reading, I'll try to modify source code. Bye
Discipline and winning attitude
  • #17,962
  • May 1, 2018 5:24am May 1, 2018 5:24am
Quoting MrAussieFX
{quote} Is this what you are after? {image} Best regards
Almost. I need this in a table (dashboard) with at least 4 symbols (just daily change %).

Thanks
  • #17,963
  • May 1, 2018 5:24am May 1, 2018 5:24am
Quoting snail69
{quote} Pedro. it is not in %, but it might help for your need too. {file}
I will try it. Thanks.
  • #17,964
  • May 1, 2018 5:28am May 1, 2018 5:28am
Quoting pgr45za
{quote} This would be awesome in MT5 {image}
Attached File(s)
File Type: ex4 bt-cs-indicator.ex4   41 KB | 432 downloads
  • #17,965
  • May 1, 2018 5:40am May 1, 2018 5:40am
Solid CAD GDP print!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 4 KB
  • #17,966
  • May 1, 2018 6:34am May 1, 2018 6:34am
Time to start building longs on AC & NC
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 66 KB
Click to Enlarge Name: Screenshot2.png Size: 62 KB
Fall seven times, stand up Eight! #GGMU
  • #17,967
  • May 1, 2018 8:12am May 1, 2018 8:12am
Quoting vickym
Time to start building longs on AC & NC
I think NC will take off after tonight's NZD Unemployment Rate news. I think it matters not what it will show as NZD has been a bit discounted too far.

Anything can happen and probabilities are our edge.
  • #17,968
  • May 1, 2018 8:18am May 1, 2018 8:18am
Quoting raklian
{quote} I think NC will take off after tonight's NZD Unemployment Rate news. I think it matters not what it will show as NZD has been a bit discounted too far. Anything can happen and probabilities are our edge.
Be careful not to be too early to the party.
  • #17,969
  • May 1, 2018 8:23am May 1, 2018 8:23am
Quoting pgr45za
{quote} Be careful not to be too early to the party.
Perhaps. I concur there's still plenty of fuel for CAD's strength due to it beating GDP m/m forecast. But if you look at the oil price, it's now dropping from its high, so the odds of a pullback is greater.

Best to look at price action at this juncture (look for strong reversal candlesticks).
  • #17,970
  • May 1, 2018 8:29am May 1, 2018 8:29am
Quoting raklian
{quote} Perhaps. I concur there's still plenty of fuel for CAD's strength due to it beating GDP m/m forecast. But if you look at the oil price, it's now dropping from its high, so the odds of a pullback is greater. Best to look at price action at this juncture (look for strong reversal candlesticks).
More and more, there is a disconnect between oil prices and the CAD. Just saying. Anything can happen.
  • #17,971
  • May 1, 2018 8:37am May 1, 2018 8:37am
So far everything goes as it seemed on Sunday. EC going down as I thought so. But I am very disappointed with Aud guy . Even it still in the trading zone, with all strength of the dollar and Cad dollar I don't see much of the correction chances. But it's still begging of the week and tomorrow is a big day for green buck. Will see what happens.
  • #17,972
  • May 1, 2018 9:07am May 1, 2018 9:07am
Managed to get out of my shorts on EURCAD, held for too long during news release aiming for S100 and it started going north. Bounced from S61, the best trade would have been shorting from S61.

Attached Image (click to enlarge)
Click to Enlarge Name: eurcad-m15-international-capital-markets.png Size: 47 KB


What could I have done better?

Hope you all guys are doing good.
  • #17,973
  • May 1, 2018 9:11am May 1, 2018 9:11am
Quoting Nenuser
Managed to get out of my shorts on EURCAD, held for too long during news release aiming for S100 and it started going north. Bounced from S61, the best trade would have been shorting from S61. {image} What could I have done better? Hope you all guys are doing good.
Better: trade smaller, widen out the bullets, short it higher up. Other than that (remember hindsight is always 20/20), congrats! Good job!
  • #17,974
  • May 1, 2018 9:38am May 1, 2018 9:38am
Quoting vickym
Time to start building longs on AC & NC {image} {image}
I really want in on this trade to make up for my earlier errors but entry is my problem. I don't want to ask stupid questions only for me to get banned by Davit, so Please PM you your template(s) I use XM its Cyprus based but I'm in SA (South Africa) Idk if my timezone should be of my CAT or Cyprus I hope this doesn't get it me banned.
  • #17,975
  • May 1, 2018 9:57am May 1, 2018 9:57am
Quoting Nenuser
Managed to get out of my shorts on EURCAD, held for too long during news release aiming for S100 and it started going north. Bounced from S61, the best trade would have been shorting from S61. {image} What could I have done better? Hope you all guys are doing good.
I'm not the smartest guy in trading but just following the simple/effective guidelines listed on page 1 of this thread. I can pick few mistakes just looking at your chart that you posted here. Please don't take it personally, its something that I was doing myself at one stage a few years back.

Your chart EURCAD 15 mins
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad m15 international capital markets 1 .png Size: 83 KB


Mistake 1: If it's your real account and that is the trade size you are using then you are not trading pivot trading instead you are doing stressful trading.

Mistake 2: If you don't understand the Price action. You should not trade such a lower timeframe. The lowest timeframe I trade is 30 mins.

Mistake 3: It seems like you have missed the first page, read it, re-read it then re-read it because the more you read it the more you understand the zone (61-100). You are trying to sell from where other traders look to buy if PA is in their favor along with fundamentals. EUR has been weak against CAD. You have already missed the trade and now you try to catch the tail.

Mistake 4: Looking at your entries on that big red candle makes me think like you are trying to chase the CAD news and wanted to make some quick cash on this trade.

Mistake 5: Looking at your closed entries I believe you entered ($10 per trade X 9 trades) if the trade size on the top left is what you used. With such a high trade size you took a drawdown of 30-50 points only to wait for PA to come back so that you can close this pair on breakeven.

These are just a few things I spotted on your chart. I assume you have not gone through the calendar at the start of the week and are not aware of what your trading plan is for this week and what if your trading plan doesn't work. Are you prepared to use plan B, Are you willing to adapt to the changes and are you willing to accept that you were wrong?

Best regards
  • #17,976
  • May 1, 2018 10:06am May 1, 2018 10:06am
Quoting MrAussieFX
{quote} I'm not the smartest guy in trading but just following the simple/effective guidelines listed on page 1 of this thread. I can pick few mistakes just looking at your chart that you posted here. Please don't take it personally, its something that I was doing myself at one stage a few years back. Your chart EURCAD 15 mins {image} Mistake 1: If it's your real account and that is the trade size you are using then you are not trading pivot trading instead you are doing stressful trading. Mistake 2: If you don't understand the Price action. You...
You have a point. Actually you have like 5 of them
  • #17,977
  • May 1, 2018 10:14am May 1, 2018 10:14am
Closed AUDJPY trade with +574.70 points

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY H4 01052018 First.png Size: 165 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY H4 01052018 Second.png Size: 177 KB


This week's closed trades results so far

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY H4 02052018 Closed.png Size: 173 KB


Best regards
  • #17,978
  • May 1, 2018 10:18am May 1, 2018 10:18am
Quoting Nenuser
Managed to get out of my shorts on EURCAD, held for too long during news release aiming for S100 and it started going north. Bounced from S61, the best trade would have been shorting from S61. {image} What could I have done better? Hope you all guys are doing good.
The best trade would have been shorting from S61....really? Shorting so low is financial suicide. It might work once or twice but not most of the time. As Mr Aussie stated..read page 1.
  • #17,979
  • May 1, 2018 10:24am May 1, 2018 10:24am
Quoting MrAussieFX
Closed AUDJPY trade with +574.70 points {image} {image} This week's closed trades results so far {image} Best regards
Just in order to learn, how is your last chart not subject to some of the same mistakes you pointed out?
Aren't you also catching it down kind of late?

No disrespect meant here!
  • #17,980
  • May 1, 2018 10:42am May 1, 2018 10:42am
Quoting MrAussieFX
{quote} I'm not the smartest guy in trading but just following the simple/effective guidelines listed on page 1 of this thread. I can pick few mistakes just looking at your chart that you posted here. Please don't take it personally, its something that I was doing myself at one stage a few years back. Your chart EURCAD 15 mins {image} Mistake 1: If it's your real account and that is the trade size you are using then you are not trading pivot trading instead you are doing stressful trading. Mistake 2: If you don't understand the Price action. You...
Best analysis for overcoming mistakes
15 traders viewing now