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Pivot Trading

  • #18,601
  • May 13, 2018 11:15pm May 13, 2018 11:15pm
EU +735

may reload on dips
power of pivots
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In trading, you have to be defensive and aggressive at the same time
  • #18,602
  • May 13, 2018 11:21pm May 13, 2018 11:21pm
Will track EA closely I anticipate R38 strong resistance.
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In trading, you have to be defensive and aggressive at the same time
  • #18,603
  • May 13, 2018 11:23pm May 13, 2018 11:23pm
My Bias on UJ is sell the rallies
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In trading, you have to be defensive and aggressive at the same time
  • #18,604
  • May 13, 2018 11:49pm May 13, 2018 11:49pm
Quoting Davit
Will track EA closely I anticipate R38 strong resistance. {image}
Hi Davit

I'm on the same page with you on EA.
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Best regards
  • #18,605
  • May 13, 2018 11:55pm May 13, 2018 11:55pm
Quoting MrAussieFX
{quote} Hi Davit I'm on the same page with you on EA. {image} Best regards
UJ worth tracking.Its been very slow going north...
EA EG very likely to exhaust soon as well.
In trading, you have to be defensive and aggressive at the same time
  • #18,606
  • May 14, 2018 12:44am May 14, 2018 12:44am
Quoting Davit
EU +735 may reload on dips power of pivots {image} {image}
Nice work Davit! I do wish I had your account right now!
Looks like will push through R38

edit.. And there she goes!
  • #18,607
  • May 14, 2018 1:03am May 14, 2018 1:03am
Hi everyone.Thanks Davit for this wonderful system! I now see trading very differently.Paradigm shift.David mentions Mark Douglas and I have also been reading trading in the zone" by Mark Douglas.This book has really made me see the market in a different way.I downloaded the audio version from amazon's audible audio service.In case u dont know, If u want your copy of the book you can open a trial account and download the book and listen.The first download is free.They will only charge u if you dont close the trial in 30 days and even if you close it you keep the book.Please check it out.DO NOT FORGET to cancel before 30 days if you do not want to carry on with the audio service. You can use the service with an amazon account or you can go directly to audible.com

Mark Douglas is probably the greatest trading psychology coach.
  • #18,608
  • May 14, 2018 2:08am May 14, 2018 2:08am
EURAUD
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  • #18,609
  • May 14, 2018 2:27am May 14, 2018 2:27am
Good morning yall. On the radar !!! Keep an eye on AJ.
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Happy Hunting!!!
  • #18,610
  • May 14, 2018 2:38am May 14, 2018 2:38am
EU still quite bearish!!! I expect this to be rejected off this level/
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Happy Hunting!!!
  • #18,611
  • May 14, 2018 2:50am May 14, 2018 2:50am
AN still bullish. A breakout of R61/78 opens to the top... will be looking for some signs of weakness.
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Happy Hunting!!!
  • #18,612
  • May 14, 2018 4:56am May 14, 2018 4:56am
EJ one to watch

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EDIT: better view on H4 -

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  • #18,613
  • May 14, 2018 5:57am May 14, 2018 5:57am
i took two trades today both hit stoploss, maybe i did something wrong
GBPJPY i just take sell entry on S38 resistence in 1 hr chart with a bearish pinbar
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  • #18,614
  • May 14, 2018 7:16am May 14, 2018 7:16am
Quoting syedtaimur
i took two trades today both hit stoploss, maybe i did something wrong GBPJPY i just take sell entry on S38 resistence in 1 hr chart with a bearish pinbar {image} {image}
Two reasons why. Your stops are too tight, and your trade locations are less then ideal.

From the 1st page:

Quote
Here is how to trade pivots.
As price travels progressively away from weekly pivot it becomes more likely to go into correction.
61 S/R key zone 78R/S is Scott Carney's last chance for reversal (spikes stops taken before reversal) 100R/S another major zone.
Should price smash 100 S/R then you are in strong trend supported by fundamentals.

and

Quote
In simple terms Location is what is important.
Trade with confidence, trade without fear.
  • #18,615
  • May 14, 2018 7:34am May 14, 2018 7:34am
EJ

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  • #18,616
  • May 14, 2018 7:44am May 14, 2018 7:44am
Quoting belsug
EJ {image}
With you on this. Not sure if mine or yours pivots are off.
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-._.-
  • #18,617
  • May 14, 2018 7:53am May 14, 2018 7:53am
Quoting darksize
{quote} With you on this. Not sure if mine or yours pivots are off. {image}
mine R61 is 131.27, "belsug" pivots should be off
  • #18,618
  • May 14, 2018 7:56am May 14, 2018 7:56am
hm... darksize I think yours :/ Have the same as Davit on EA and same with Seshwaan on EJ.
  • #18,619
  • May 14, 2018 7:56am May 14, 2018 7:56am
Quoting Seshwaan
EJ one to watch {image} EDIT: better view on H4 - {image}

Man had to pop into a meeting at work jsut after I posted this and missed it! Should have just entered beforehand but oh well. Lesson learned.

I am watching for retraces
  • #18,620
  • May 14, 2018 8:01am May 14, 2018 8:01am
Quoting syedtaimur
i took two trades today both hit stoploss, maybe i did something wrong GBPJPY i just take sell entry on S38 resistence in 1 hr chart with a bearish pinbar {image} {image}
you have reading issues to begin with

from page 1 in addition to what Cryptosurf posted

Note very important this system does not work best with hyper pairs that usually have over 120pip 20day period ADR like GJ GA GN etc
From numerous trial and errors low ADR pairs fits the best in my method
Pairs I trade most often
UC AC NC EA AU GU NU AN EU Yen crosses like CJ NJ AJ

removed boneheads like you don't get a second chance!
In trading, you have to be defensive and aggressive at the same time
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