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Pivot Trading

  • #22,401
  • Nov 6, 2018 1:08pm Nov 6, 2018 1:08pm
Quoting Hickson
{quote} Sure, that is the usual way ... but have seen such crosses spike in non-related events before, so gonna pass ... not posting to say you are wrong ...
I understand you must do what you feel comfortable.
In trading, you have to be defensive and aggressive at the same time
  • #22,402
  • Nov 6, 2018 1:28pm Nov 6, 2018 1:28pm
Quoting Davit
{quote} better wait for opportunity to short this instead of buying it.Some pairs I trade 1 direction only this is one of them being stuck with -swap adds up This is why I prefer big boys move up the price on EA instead of me putting my money down to find out. EC perfect example I can load up knowing CAD is +1.75 and does not hurt holding.Plus 1.50 which is big psychological number
So the reason to only trade one direction some pairs is because some huge negative swap that may stack up? Makes sense as if you are going to hold some trades for a while it can be really some good % of your DD...
Building a Freedom All Time Return: 5,178.8%
  • #22,403
  • Nov 6, 2018 1:32pm Nov 6, 2018 1:32pm
Quoting Davit
{quote} Its a cross may have little to do with USD or Elections or anything else...
Actually every pair is a cross and has a correlation and interrelation with all currencies. It's based on pure math.
  • #22,404
  • Nov 6, 2018 1:33pm Nov 6, 2018 1:33pm
[quote = Davit; 11664574] {quote} es mejor esperar la oportunidad para acortar esto en lugar de comprarlo. Algunas parejas intercambian 1 dirección, solo esta es una de las cuales se queda con -swap se suma Esta es la razón por la que prefiero que los chicos grandes suban el precio en EA en lugar de que yo ponga mi dinero para averiguarlo. Un ejemplo perfecto de CE que puedo cargar sabiendo que el CAD es de +1.75 y no daña la retención. Además, 1.50, que es un gran número psicológico [/ quote]
thanks davit
  • #22,405
  • Nov 6, 2018 1:35pm Nov 6, 2018 1:35pm
Quoting J1mm
{quote} So the reason to only trade one direction some pairs is because some huge negative swap that may stack up? Makes sense as if you are going to hold some trades for a while it can be really some good % of your DD...
yes since we are trading swings swings can last a week or more and you should be able to hold without too much swap drain
Same reason also why I basically always buy NJ AJ CJ but seldom sell
Moving forward we have to be very precise selling USD because it becomes costly to hold.Its not just me MM big banks do it for same reason.They prefer collecting the swap.Once USD becomes 2.5+ I will most likely focus on crosses only.
In trading, you have to be defensive and aggressive at the same time
  • #22,406
  • Nov 6, 2018 1:37pm Nov 6, 2018 1:37pm
Quoting fibo38
[quote = Davit; 11664574] {quote} es mejor esperar la oportunidad para acortar esto en lugar de comprarlo. Algunas parejas intercambian 1 dirección, solo esta es una de las cuales se queda con -swap se suma Esta es la razón por la que prefiero que los chicos grandes suban el precio en EA en lugar de que yo ponga mi dinero para averiguarlo. Un ejemplo perfecto de CE que puedo cargar sabiendo que el CAD es de +1.75 y no daña la retención. Además, 1.50, que es un gran número psicológico [/ quote] thanks davit
Good to see another Spanish trader

Thanks Davit, crystal clear
Building a Freedom All Time Return: 5,178.8%
  • #22,407
  • Nov 6, 2018 1:40pm Nov 6, 2018 1:40pm
Quoting J1mm
{quote} Good to see another Spanish trader Thanks Davit, crystal clear
Fibo is a senior pivoteer
In trading, you have to be defensive and aggressive at the same time
  • #22,408
  • Nov 6, 2018 1:46pm Nov 6, 2018 1:46pm
Quoting Retep
{quote} Actually every pair is a cross and has a correlation and interrelation with all currencies. It's based on pure math.
In forex anything that does not have USD is a cross.In broader context yes every currency influences each other but I am talking about none USD pairs and its the lingo adapted by the industry.
In trading, you have to be defensive and aggressive at the same time
  • #22,409
  • Nov 6, 2018 1:50pm Nov 6, 2018 1:50pm
Quoting Davit
{quote} Fibo is a senior pivoteer
Yep, been following him as well

I'm not doing bad either, guess not too much people found this beauty... A trend continuation trade using Pivot as support on GU

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB
Building a Freedom All Time Return: 5,178.8%
  • #22,410
  • Edited 2:11pm Nov 6, 2018 1:52pm | Edited 2:11pm
Quoting J1mm
{quote} Yep, been following him as well I'm not doing bad either, guess not too much people found this beauty... A trend continuation trade using Pivot as support on GU {image}
I think lot of traders passed up on GBP because of Brexit issues
I loved shorting EG and would love to do it again once this old cat crawls up again
In trading, you have to be defensive and aggressive at the same time
  • #22,411
  • Nov 6, 2018 2:18pm Nov 6, 2018 2:18pm
Quoting Davit
{quote} In forex anything that does not have USD is a cross.In broader context yes every currency influences each other but I am talking about none USD pairs and its the lingo adapted by the industry.
Yes, it's the common lingo. But when you can see for example a very strong NZD and a very weak JPY is steering the whole market for some time, then the USD is just an irrelevant currency.
  • #22,412
  • Nov 6, 2018 2:24pm Nov 6, 2018 2:24pm
Quoting Retep
{quote} Yes, it's the common lingo. But when you can see for example a very strong NZD and a very weak JPY is steering the whole market for some time, then the USD is just an irrelevant currency.
Not sure I can call it irrelevant after all its the world's reserve currency and every currency has its shinning moments USD has been on fire for months....That is obvious and now may go into correction. NZD dropped from 73+ to low 64 since march of 2018 that's staggering depreciation 900pip drop....
We are simply going to ride the wave up on each stairs...
In trading, you have to be defensive and aggressive at the same time
  • #22,413
  • Edited 2:52pm Nov 6, 2018 2:40pm | Edited 2:52pm
Heads up important news events on NZD that may weaken it which is what I want
coming up 1hr 3min
example of pairs that may effect strongly AN NJ
WE could finally see market love of NZD fade... or not....remains to be seen

When you click on systems threads here almost none talk about news events and to me that's extremely strange....Too much time spent on indicators....
Why would you not want to know something that effects very thing you are trading is beyond my comprehension...

Its like a waiter not knowing about the ingredients in the dish that potentially can kill someone with allergies.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYDaily.png Size: 44 KB
In trading, you have to be defensive and aggressive at the same time
  • #22,414
  • Nov 6, 2018 2:58pm Nov 6, 2018 2:58pm
Summary collation of May 2018 of Davit's Posts on this FF Thread "Pivots Trading":


Attached File(s)
File Type: pdf File 25 - Davit's Posts on his Pivot Trading thread-2018-05 Pages - 112.pdf   4.5 MB | 557 downloads



Regards.
-John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #22,415
  • Nov 6, 2018 3:03pm Nov 6, 2018 3:03pm
MY EC trade is growing legs

OK guys you saw when I took it and why.System is clear.Added more later. I don't procrastinate over analyze I trust my system its been very good for me!
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM5.png Size: 44 KB
In trading, you have to be defensive and aggressive at the same time
  • #22,416
  • Nov 6, 2018 3:11pm Nov 6, 2018 3:11pm
Can someone please post Brent Crude and WTI Crude charts with pivots?
In trading, you have to be defensive and aggressive at the same time
  • #22,417
  • Nov 6, 2018 3:21pm Nov 6, 2018 3:21pm
I only have WTI
Attached Image (click to enlarge)
Click to Enlarge Name: WTI.png Size: 67 KB
  • #22,418
  • Nov 6, 2018 3:23pm Nov 6, 2018 3:23pm
Quoting renkotop
I only have WTI {image}
explains a lot to me.Thank you.We should see CAD gaining rest of the week...unless crude makes a new low
In trading, you have to be defensive and aggressive at the same time
  • #22,419
  • Nov 6, 2018 3:34pm Nov 6, 2018 3:34pm
Here comes BRENT
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2018-11-06 22.32.31.png Size: 34 KB
Discipline and winning attitude
  • #22,420
  • Nov 6, 2018 4:00pm Nov 6, 2018 4:00pm
Quoting Davit
Heads up important news events on NZD that may weaken it{image}
How do you have managed the situation?
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