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Pivot Trading

  • #18,041
  • May 2, 2018 8:31am May 2, 2018 8:31am
Quoting Davit
There are many reasons that I don't use Divergence in my trading.For once and all I don't want to read about this and you will get kicked out if you do mention it. Divergence is how Oscillator catching up with price and as such it has zero bearing on price!Its basically a lagging indicator showing what has transpired. Divs signal can show sell for example on H4 and Daily and price can climb another 100-500pips north irregardless what shows on its graph. Divergence will always occur when there's a sharp (big movement in a short amount of time) move...
This cannot be stated enough. Patterns are only validated after they are fully completed (or failed). By that time the move is over with.
Trade with confidence, trade without fear.
  • #18,042
  • May 2, 2018 8:40am May 2, 2018 8:40am
Ok guys going to work now.Will check in later after fireworks. Have about 80trades going so will see how this unfolds.
Stay safe and make
In trading, you have to be defensive and aggressive at the same time
  • #18,043
  • May 2, 2018 9:03am May 2, 2018 9:03am
Quoting Davit
Ok guys going to work now.Will check in later after fireworks. Have about 80trades going so will see how this unfolds. Stay safe and make
Have an awesome day Davit!
  • #18,044
  • May 2, 2018 9:10am May 2, 2018 9:10am
Hello traders,

since i am travelling a lot from last month, i dont have much time for trading, neither posting here.
Last month for me was a bit difficult, i had to give up some loosers, anyway there were more winners in sum. April month result was not that satisfying, but quarter results are a way more important for me.

Only pair which i am currently trading is EA which is working nicely. Today i was closing set of trades there, and hit nice start of month 3.5%.

Attached Image


Regards
  • #18,045
  • May 2, 2018 9:13am May 2, 2018 9:13am
Quoting pgr45za
{quote} Speaking of trading myths (this is an important topic), what are the biggest trading myths apart from Divs? This is a question for every1.
Go big or go home
MA cross overs and following most indi's to predict the future
  • #18,046
  • May 2, 2018 9:37am May 2, 2018 9:37am
Lol the biggest myth yet is that there is some magic indicator that can forecast price, damn even price can't forecast price
Read in between the price!!!
  • #18,047
  • May 2, 2018 11:24am May 2, 2018 11:24am
Quoting snail69
{quote} AUDCAD - trading as written above +202 {image}
hi mate you arranged indicator and back ground color nice and clear.is it possible to share indicator(i know all indicators are available in paperclip) and template as use.thanks in advance
Say something meaningful or Silence!!
  • #18,048
  • May 2, 2018 12:32pm May 2, 2018 12:32pm
Just returned from work.
Below is the result of my set and forget trades based on TDI and weekly pivots

The system is really good
Attached Image (click to enlarge)
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  • #18,049
  • May 2, 2018 1:09pm May 2, 2018 1:09pm
Am a slow learner, was watching AU, I saw a rejection on S78, now just taking whatever the market gives ..

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  • #18,050
  • Edited 3:47pm May 2, 2018 3:33pm | Edited 3:47pm
Closed EA worth waited for+2212
had too many positions on it!30 to be exact...Closed on Bulls eye S61
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 49 KB
In trading, you have to be defensive and aggressive at the same time
  • #18,051
  • Edited 3:58pm May 2, 2018 3:48pm | Edited 3:58pm
USD still standing strongNFP Friday looming....then profit taking
I load up on EU just now.I think S78 closer to S100 is to me high probability trade specially that its been dropping without any meaningful correction.10 positions at .8 lots.Its pretty good strong level.
Don't ask why I only follow my system rules and why I hit 17% gain last month!If you can't understand page 1 you should not be here.
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In trading, you have to be defensive and aggressive at the same time
  • #18,052
  • May 2, 2018 3:52pm May 2, 2018 3:52pm
usd too strong. watching eurusd..
  • #18,053
  • May 2, 2018 4:13pm May 2, 2018 4:13pm
gbp usd worth watching
  • #18,054
  • May 2, 2018 4:24pm May 2, 2018 4:24pm
Quoting Davit
USD still standing strongNFP Friday looming....then profit taking I load up on EU just now.I think S78 closer to S100 is to me high probability trade specially that its been dropping without any meaningful correction.10 positions at .8 lots.Its pretty good strong level. Don't ask why I only follow my system rules and why I hit 17% gain last month!If you can't understand page 1 you should not be here. {image}
EU is likely to reach S100 (1.1000) area before making correction. Let see how it goes. Just placed some buy limit orders at the area. Just trying to think like MM in combination with pivot trading
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  • #18,055
  • May 2, 2018 4:45pm May 2, 2018 4:45pm
Quoting samet
gbp usd worth watching
Yes Indeed

Looking forward to seeing a reversal between S100 and S138. Have already placed my buy limit orders. Hopefully I will have my orders filled up before returning from work tomorrow.
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  • #18,056
  • May 2, 2018 5:13pm May 2, 2018 5:13pm
Quoting victorezeaku
{quote} Yes Indeed Looking forward to seeing a reversal between S100 and S138. Have already placed my buy limit orders. Hopefully I will have my orders filled up before returning from work tomorrow. {image}
where did you read here I endorse limit orders.You gonna trade this system or you are going to trade your version of it.If your version I suggest not posting here.
You are on thin Ice.I strongly advise do what system says.There is a logic what I do and limit orders are not part of it.
In trading, you have to be defensive and aggressive at the same time
  • #18,057
  • May 2, 2018 6:02pm May 2, 2018 6:02pm
Quoting Davit
{quote} where did you read here I endorse limit orders.You gonna trade this system or you are going to trade your version of it.If your version I suggest not posting here. You are on thin Ice.I strongly advise do what system says.There is a logic what I do and limit orders are not part of it.
Yes I know this is not what you advise. But How do I trade if my work does not permit me to monitor and confirm trade with TDI. That is my biggest challenge. The only option i have at the moment is to use limit orders and buy stop orders around pivots. I only have time during asian sessions. I work from London Session to New York session. Please what is your advise on this.

Thanks
  • #18,058
  • May 2, 2018 6:10pm May 2, 2018 6:10pm
CadCHF H4 setup
Rejection at R100 level with TDI crossing Downwards with good angle.
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  • #18,059
  • May 2, 2018 8:43pm May 2, 2018 8:43pm
Very green data from Australia.

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Trade balance was really holding Australia's economy down in my opinion. With these numbers Australia will start seeing much better GDP growth too. I am very bullish now on the AUD, I am long on AUD/JPY right now. In my opinion it will appreciate all night and get more fuel tomorrow AUD RBA Monetary Policy Statement.

AUDJPY is a mirror of AUDUSD right now. It all depends on the USD too.
  • #18,060
  • May 2, 2018 9:08pm May 2, 2018 9:08pm
Quoting snail69
As Griffinssoul mentioned , even if you thing it will be a loser.... have this situation now, but taking it anyway. EURAUD - TP at the lower previous Pivot, however, now S38 is the immediate previous Pivot. Always looking for a confluence of several things. At intended TP there are: previous Pivot, DO line, SD level, 61-78 ZONE, on 4H TDI has space still on way down to extreme, big RN 1.5900 {image}
All ended well.
Attached Image (click to enlarge)
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