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Pivot Trading

  • #23,601
  • Dec 19, 2018 1:53pm Dec 19, 2018 1:53pm
hi Davit and members of thread
I like idea of use net to catch more fish by use pivots
I dont trade this system yet because I dont understand it entire
its easy to understand what Davit say about enter and add at important pivots 61 and 78 and 100
i understand this part but I dont understand some charts of Davit when he enter at other pivots
Im guessing this is profesional entries and for newbies of this system its good to use only entry at 61 and 78 and 100 until we master this type of entrys
I will prepare charts when I am ready for trade the system, unfortunately Im not ready yet and need more study
good trading for everyone!
  • #23,602
  • Dec 19, 2018 1:58pm Dec 19, 2018 1:58pm
Quoting emmkwad
EURCAD Waiting patiently for the candle on the H4 to close then i go all out
I don't get it -E/U pukes & goes to hell in a handbasket but E/C is more or less stable in comparison after the FOMC news. Anyone care to explain to me why?
  • #23,603
  • Dec 19, 2018 2:13pm Dec 19, 2018 2:13pm
It's a very tricky day.
  • #23,604
  • Dec 19, 2018 2:23pm Dec 19, 2018 2:23pm
Quoting shotshell
{quote} I don't get it -E/U pukes & goes to hell in a handbasket but E/C is more or less stable in comparison after the FOMC news. Anyone care to explain to me why?
Some form of manipulation/postion postioning by bigger funds?
  • #23,605
  • Dec 19, 2018 2:28pm Dec 19, 2018 2:28pm
Quoting Neil0163
{quote} Some form of manipulation/postion postioning by bigger funds?
Not really, this was all happening during Fed Powell speech and Q&A. Indexes were crashing affecting USD. CAD wouldn't be affected.

Edit: When Indexes crash, USD rally's sending XXXUSD pairs south.
Trade with confidence, trade without fear.
  • #23,606
  • Dec 19, 2018 2:29pm Dec 19, 2018 2:29pm
Quoting shotshell
{quote} I don't get it -E/U pukes & goes to hell in a handbasket but E/C is more or less stable in comparison after the FOMC news. Anyone care to explain to me why?
Oh this is easy, its because your broker just likes to mess with you. Happens all the time right? Everything lines up perfect, you are positioned perfect, and BAM, nothing happens while the other pairs moves like crazy. HAHAHAHA seriously, I have no idea.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #23,607
  • Dec 19, 2018 2:32pm Dec 19, 2018 2:32pm
Quoting OhComeOn
{quote} Oh this is easy, its because your broker just likes to mess with you. Happens all the time right? Everything lines up perfect, you are positioned perfect, and BAM, nothing happens while the other pairs moves like crazy. HAHAHAHA seriously, I have no idea.
Were you guys unaware what today was (FOMC) and what affect it may have on the market?
Trade with confidence, trade without fear.
  • #23,608
  • Dec 19, 2018 2:36pm Dec 19, 2018 2:36pm
Quoting Cryptosurf
{quote} Were you guys unaware what today was (FOMC) and what affect it may have on the market?
What is this FOMC you speak of Crypto? LOL Yes I was aware, I am in EC because I wanted to avoid some of that craziness this week. I am in a good mood today, it has been a good week, I am breathing, and looking forward to next year.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #23,609
  • Dec 19, 2018 2:39pm Dec 19, 2018 2:39pm
hi guys just got back from work
FYI I work 30-35hrs a week NOT 70hrs
Anyone caught massive drop on AC?
In trading, you have to be defensive and aggressive at the same time
  • #23,610
  • Dec 19, 2018 2:39pm Dec 19, 2018 2:39pm
Just sit tight, let markets settle and take advantage of it. The way I see it for myself is I can have a opinion on how the markets should act with the big fundamentals but sometimes a pair can print red and the pair goes north, leaving you scratching your head .

So I generally just try get a rough idea but let the markets do it’s thing, I’m in DD but no more than 7%. I can afford to wait for the perfect set up .

Unless your a market Wiz Kid, sit in sidelines and wait for the perfect strike.
  • #23,611
  • Dec 19, 2018 2:43pm Dec 19, 2018 2:43pm
Quoting Davit
hi guys just got back from work FYI I work 30-35hrs a week NOT 70hrs Anyone caught massive drop on AC?
closed out early due to cad news today made profit but if id have held that would have been nice
  • #23,612
  • Dec 19, 2018 2:49pm Dec 19, 2018 2:49pm
once things settle down CAD will rebound strongly and already is heading that way hence no rush to get out
Crude hit bottom and correction is due

Powell is overly optimistic but reality is going to bite soon.His reckless hikes are going to tank the markets and economy and American public is once again going to hold the brown bag

Here is what I don't understand how can Feds raise rates when global economy is slowing down.We are not in a cocoon soon or later outside forces are going to slow our economy as well hence why exhilarate the process? Its bewildering to me
In trading, you have to be defensive and aggressive at the same time
  • #23,613
  • Dec 19, 2018 2:53pm Dec 19, 2018 2:53pm
No Davit , actually I was sitting on the sidelines , missed the quick drop. Oil , as you know is still under tremendous pressure. Quickly broke $48/bbl , and quickly retreated.
Actually , I caught your post the other day about oil getting close.
Thin markets.
Quite comfortable sitting right now due to PATIENCE that I developed due to your thread.

Regards ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #23,614
  • Dec 19, 2018 2:56pm Dec 19, 2018 2:56pm
Quoting GreenEarth
No Davit , actually I was sitting on the sidelines , missed the quick drop. Oil , as you know is still under tremendous pressure. Quickly broke $48/bbl , and quickly retreated. Actually , I caught your post the other day about oil getting close. Thin markets. Quite comfortable sitting right now due to PATIENCE that I developed due to your thread. Regards , GE
That's great attitude and behavior AJ worth a look
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #23,615
  • Dec 19, 2018 3:19pm Dec 19, 2018 3:19pm
Once again we don't sell at Key S pivots 61-100 and we don't buy at R61-100
There are no exceptions just DON'T
Don't fall for any Moving average! Forces that can move price are not moving averages!There is a reason that my chart/ system does not have MA's
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #23,616
  • Dec 19, 2018 3:48pm Dec 19, 2018 3:48pm
Finally the darling of the "safe Heaven" currency NZD is showing cracks! Great because I am selling shit loads of it
Got tired of love it had been getting!I sensed it was too good to be true!Finally Dairy king is falling!

AN longs and NC shorts looking lot better
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #23,617
  • Dec 19, 2018 3:50pm Dec 19, 2018 3:50pm
Quoting Davit
Once again we don't sell at Key S pivots 61-100 and we don't buy at R61-100 There are no exceptions just DON'T Don't fall for any Moving average! Forces that can move price are not moving averages!There is a reason that my chart/ system does not have MA's {image}
Exactly this. If anything pivots will keep you on side with the basic rule of buying at support, selling at resistance.
Trade with confidence, trade without fear.
  • #23,618
  • Dec 19, 2018 3:57pm Dec 19, 2018 3:57pm
Loaded up on AJ nice spot
with +swap its great trade IMO
In trading, you have to be defensive and aggressive at the same time
  • #23,619
  • Dec 19, 2018 3:58pm Dec 19, 2018 3:58pm
Anyone looking at U/C?
  • #23,620
  • Dec 19, 2018 3:59pm Dec 19, 2018 3:59pm
Quoting RieseP
Anyone looking at U/C?
Been short
In trading, you have to be defensive and aggressive at the same time
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