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Pivot Trading

  • #22,621
  • Nov 12, 2018 4:01pm Nov 12, 2018 4:01pm
Stock market will plunge if Fed doesn't hike rates in December, predicts ex-Wells Fargo CEO

The guy is long and is producing misleading article.Weak dollar for most part is good for Wall Street.Decline of USD will boast the Stock market not other way around as we already witnessing now.This guy really wants Feds to raise rates!
In trading, you have to be defensive and aggressive at the same time
  • #22,622
  • Nov 12, 2018 4:18pm Nov 12, 2018 4:18pm
Euro is severly oversold. I think its at great discount prices now EU will test 115 soon
Usually on holidays creates thin liquidity and price can go extreme.Monday was a US holiday hence the situation.Brexit issues are not new
In trading, you have to be defensive and aggressive at the same time
  • #22,623
  • Nov 12, 2018 4:18pm Nov 12, 2018 4:18pm
Quoting Davit
{quote} Not what I do.You DON'T HUMMER at support. Last warning to you or you will be removed.I don't need shit trades if you must do it don't post. Price is at support S61 and going North with each pip you are getting in a DD What made you place sell stops below 67 {image}
You misunderstood Davit. I know what I'm doing and I'm not a new trader.. And certainly won't jeopardy my account...
I did not place an order on support (S61). That was my target which has been reached already...
And this is not a shit trade coz I always end up in profit doing this for 3 months already just have to know the right market condition..

Just like what I said, I'm just here to contribute and give back. I'm not here for anybody's approval. Your system works, and there's different styles that can be used depends on market condition.. There's no one fixed rule here. I also know my price action. That is why I exited on S61. And that is the only reason I'm posting here to show other people that it works.

If you must remove me coz that is what you think is right and will make you happy, then do it...

Here's today result with that EN trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-11-13 at 6.10.33 AM.jpg Size: 398 KB
We're not here to be right, we're here to Profit Consistently!
  • #22,624
  • Nov 12, 2018 4:20pm Nov 12, 2018 4:20pm
Quoting Davit
https://www.cnbc.com/2018/11/12/the-...-sell-off.html interesting and worth reading "It could be a challenge for the stock market in the fact that about 40 percent of the S&P 500 earnings are generated from outside the United States," said Michael Arone, chief investment strategist at State Street Global Advisors. I think pressure is building for finally USD to go into correction.
yes thanks good read. Agree dollar needs to correct.
  • #22,625
  • Nov 12, 2018 4:38pm Nov 12, 2018 4:38pm
Quoting ranilo.vince
{quote} You misunderstood Davit. I know what I'm doing and I'm not a new trader.. And certainly won't jeopardy my account... I did not place an order on support (S61). That was my target which has been reached already... And this is not a shit trade coz I always end up in profit doing this for 3 months already just have to know the right market condition.. Just like what I said, I'm just here to contribute and give back. I'm not here for anybody's approval. Your system works, and there's different styles that can be used depends on market condition.....
My apologies I thought sell stop was a pending sell.Good job I will delete that post!
In trading, you have to be defensive and aggressive at the same time
  • #22,626
  • Nov 12, 2018 5:49pm Nov 12, 2018 5:49pm
Quoting Davit
{quote} My apologies I thought sell stop was a pending sell.Good job I will delete that post!
No problem..

Thanks so much Davit.. Highly appreciate it...
We're not here to be right, we're here to Profit Consistently!
  • #22,627
  • Nov 13, 2018 1:05am Nov 13, 2018 1:05am
Quoting Davit
{quote} Hi friend welcome back
Thank you Davit.
Porta itineris dicitur longissima esse
  • #22,628
  • Edited 2:20am Nov 13, 2018 1:21am | Edited 2:20am
Quoting nda
{quote} Welcome back Bubincka, Nice to hear its as nice as in the pictures. I too would love to move to such a place one day. Im thinking of using your trade manager to maximize profits but not clear on how to use. Specifically not clear on those 2 darker green buttons. Also you had previously posted you change settings for higher adr value pairs. What settings do you recommend to be set for such pairs with higher adr. {image}
Hi nda,

you're welcome, but first and foremost let me frankly say that if you have the time to stay in front of the monitor and actively manage your trades it's by far the best option. Since I have a job that commits me about 12 hours, I can follow my trading from time to time and often with a tablet. So the trade manager is the "least worst" solution I have at my disposal to manage my trades when I work and when I sleep. In fact often the result would be better if I could manage them myself. Having said that, the two darker buttons place stop pending Buy/Sell orders on the next 50/00 price level, to be used if you don't want to enter at market. In a attempt to max profits then I've added a param to the EA to increase in percentage points the TP level that by default is equal to equity SL %.

In a previous post you can find a detailed explanation:

https://www.forexfactory.com/showthr...4#post11577554

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #22,629
  • Nov 13, 2018 2:38am Nov 13, 2018 2:38am
I am long on NJ after a bounce off WPP.
  • #22,630
  • Nov 13, 2018 2:46am Nov 13, 2018 2:46am
Potential short UCHF, TP R38 or Pivot
Attached Image (click to enlarge)
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Trade What's Happening... Not What You Think Is Gonna Happen
  • #22,631
  • Nov 13, 2018 3:06am Nov 13, 2018 3:06am
The power of reading PA at high TF + right momentum and timing
Attached Image(s) (click to enlarge)
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Trade What's Happening... Not What You Think Is Gonna Happen
  • #22,632
  • Nov 13, 2018 3:06am Nov 13, 2018 3:06am
If it weren't for Brexit concerns always looming in the background I'd take a look at GN long considering that G news are expected green and looking at charts.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GN_D1.jpg Size: 138 KB
Porta itineris dicitur longissima esse
  • #22,633
  • Nov 13, 2018 3:17am Nov 13, 2018 3:17am
Quoting bubincka
If it weren't for Brexit concerns always looming in the background I'd take a look at GN long considering that G news are expected green and looking at charts. {image} {image}
That looks great . Unfortunately I got 7 pip swap on that pair and therefore don't look and trade it.
  • #22,634
  • Nov 13, 2018 3:58am Nov 13, 2018 3:58am
At thursday we can see good probability for bounce up on AUDNZD if both green data:
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDDaily.png Size: 96 KB


AUDNZD is going to important level on S61.
  • #22,635
  • Nov 13, 2018 4:06am Nov 13, 2018 4:06am
Quoting dobrakaloria
At thursday we can see good probability for bounce up on AUDNZD if both green data: {image} AUDNZD is going to important level on S61.
I've just closed some positions to lighten DD, maybe I entered to early, but managing a trade can also mean to take intermediate losses because it's the final result that counts if you still believe in that trade.
Porta itineris dicitur longissima esse
  • #22,636
  • Nov 13, 2018 4:16am Nov 13, 2018 4:16am
Anyone using Oanda having problems with server not responding to trades? MT4 seems to work on surface. can't enter/exit/SL TP etc?
  • #22,637
  • Nov 13, 2018 4:46am Nov 13, 2018 4:46am
Oanda working again.Whew!
  • #22,638
  • Nov 13, 2018 5:20am Nov 13, 2018 5:20am
i'm short NC...
  • #22,639
  • Nov 13, 2018 5:49am Nov 13, 2018 5:49am
GN close the partials
Attached Image (click to enlarge)
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  • #22,640
  • Nov 13, 2018 7:07am Nov 13, 2018 7:07am
GU gap closed
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