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Pivot Trading

  • #23,981
  • Jan 7, 2019 11:17am Jan 7, 2019 11:17am
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  • #23,982
  • Jan 7, 2019 11:22am Jan 7, 2019 11:22am
I think that this level and later above 1.15 is available in a short time.

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  • #23,983
  • Jan 7, 2019 11:23am Jan 7, 2019 11:23am
Need assistance please.
How come my weekly pivots work out to the tee with some pairs but not with others? I use same settings in all of them.
GU - out by 182 points on WPP
GY - out by 222 points on WPP
EU - out by 10 point. No worries
AU - out by 10 points. No worries
UC - out by 60 points.

Any help or even .set file(s) to assist me please?

I use Davit Pivot 3.2 Auto

TIA

Regards
Ask and you look stupid for 5 minutes. Don't ask and stay stupid forever.
  • #23,984
  • Jan 7, 2019 12:12pm Jan 7, 2019 12:12pm
Quoting EeZeeTrader
Need assistance please. How come my weekly pivots work out to the tee with some pairs but not with others? I use same settings in all of them. GU - out by 182 points on WPP GY - out by 222 points on WPP EU - out by 10 point. No worries AU - out by 10 points. No worries UC - out by 60 points. Any help or even .set file(s) to assist me please? I use Davit Pivot 3.2 Auto TIA Regards
Hi mate i think Davit say to play with setting till you get right
  • #23,985
  • Jan 7, 2019 12:20pm Jan 7, 2019 12:20pm
Quoting bubincka
Another bite in the dust, TP was hit after ISM came out red. This one was probably closed very early, when it just started "motoring", could wait for WS61 at least, but I have a job to do everyday so the expert it's the best option I have at the moment and a profit is a profit. On this trade I couldn't even add at better price because I run out of available margin. Not the best trade but all in all happy with that. {image}
damn brother! you had some sweat time on those ones... for me when margin available is out then only Fantomas can save you this time was on your side i guess
cheer up!
Take what you can, give nothing back
  • #23,986
  • Jan 7, 2019 1:04pm Jan 7, 2019 1:04pm
Quoting techbabe
Had a nice ride down from PP to S61, Now riding back up to PP {image}
did you read something about CAD Trade Balance, in RED tomorrow?
suches something less than -1.9B ?
who know, number as -2.0B or less would confirm your idea
  • #23,987
  • Jan 7, 2019 1:11pm Jan 7, 2019 1:11pm
Quoting ppxdf
{quote} did you read something about CAD Trade Balance, in RED tomorrow? suches something less than -1.9B ? who know, number as -2.0B or less would confirm your idea
No i didnt thnx mate
  • #23,988
  • Jan 7, 2019 1:17pm Jan 7, 2019 1:17pm
Tomorrow

CAD Trade Balance
-1.95B Previous
-1.17B Forecast

I think it is more important
JOLTs Job Openings (Nov)
  • #23,989
  • Jan 7, 2019 1:57pm Jan 7, 2019 1:57pm
Quoting Davit
Just want to throw this out three. Lots of traders are very much hang up on candle close.Lets not forget Japanese candles are indicators and they take slice of time but in essence its meaningless in terms of When the market big whales place their orders creating order flow. Order flow is what true price action is and not candle close.Its relative term traders throw around but it has its limitations.When you have watched enough chart time you can pick up order flow momentum like we saw on CAD pairs AUD and NZD pairs today.
This is very true Davit, i was also one of traders depending on Japanese candles, it may work on longer term S/R zones and daily candles, but its mostly just a bit of luck. Regarding the momentum, its one of the things trader has to have some feeling about by watching a lot of charts for longer time, i agree with that, I am stil not very confident about this approach, but working on it.
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  • #23,990
  • Jan 8, 2019 12:22am Jan 8, 2019 12:22am
Quoting andy_l
My UC order from Dec 12. {image} need to pay swap..
Andy_l , thank you for your chart. There is a ton of information in your chart. Your chart exemplifies what can happen in Forex , particularly in December , end of the year. Account size managed well. You allowed the trade to develop. The list goes on. Many "bits" of information that Davit , yourself , and many other very well seasoned traders have repeatedly told us. Thank you so much.

Sincerely ,
GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #23,991
  • Jan 8, 2019 12:27am Jan 8, 2019 12:27am
Quoting voty
Out of EU long and both GJ and AC held through the spikes with profit and minor loss. Too bad I had to leave early today and wanted to be flat for the weekend. It was around NY open and now I see finally started to move my direction right after... Stay small and you survive crazy moves like this week without any scratch. Happy weekend with families and preferably without charts to everyone. {image} {image} {image}
Voty , thanks so much for your never ending lessons.

Sincerely , GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #23,992
  • Jan 8, 2019 2:12am Jan 8, 2019 2:12am
Quoting GreenEarth
{quote} Andy_l , thank you for your chart. There is a ton of information in your chart. Your chart exemplifies what can happen in Forex , particularly in December , end of the year. Account size managed well. You allowed the trade to develop. The list goes on. Many "bits" of information that Davit , yourself , and many other very well seasoned traders have repeatedly told us. Thank you so much. Sincerely , GreenEarth
You're welcome Bro..
We learned from the same lecturer, and shares the experience for a better trading.
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #23,993
  • Jan 8, 2019 2:19am Jan 8, 2019 2:19am
Quoting Husky77
{quote} damn brother! you had some sweat time on those ones... for me when margin available is out then only Fantomas can save you this time was on your side i guess cheer up!
Hi Husky77, you're quite right. I've to relax and choose my battles wisely.

For absurd, if we really want to find something wrong with this strategy, it's that sometimes seems even too easy when of course it's not, and that's why Davit requires at least 2 years of experience.

I've been taken wrong foot in some trades, then flash crash worsened it all and if it wasn't for ultra conservative MM and a bit of luck in timely reversal consequences could be worse.

As said I've learned another (paid) lesson from the market.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #23,994
  • Edited 3:02am Jan 8, 2019 2:39am | Edited 3:02am
Wonder why liberal lefty feminists never hardly ever criticize barbaric practices of Gulf states on apostasy laws
Looks like as long as its in Muslim countries its acceptable since there is hardly any protest. PC culture in the west lost all credibility long ego.

"
Saudi Arabia, which adheres to some of the world's strictest interpretations of Sunni Islam, has long prevented women from taking on a larger role in society. Male guardians have the power to make a range of critical decisions on a woman's behalf, including whether they can marry, divorce, get a job, have elective surgery or travel.
"Saudi women fleeing their families can face severe violence from relatives, deprivation of liberty, and other serious harm if returned against their will,"
https://www.cnn.com/2019/01/08/asia/...ntl/index.html
Saudi teen who fled family under protection of UNHCR

What is her crime? She decided Islam was not for her.
Al-Qunun told CNN that she renounced Islam and fears she will be killed if she is sent back to Saudi Arabia because of this. She said her elder brother had beaten her for her beliefs.
Saudi Arabia's apostasy laws make it illegal for a Muslim to change their religion or renounce Islam and can be punishable by death.
In trading, you have to be defensive and aggressive at the same time
  • #23,995
  • Edited 10:49am Jan 8, 2019 3:15am | Edited 10:49am
Quoting Davit
Wonder why liberal lefty feminists never hardly ever criticize barbaric practices of Gulf states on apostasy laws Looks like as long as its in Muslim countries its acceptable since there is hardly any protest. PC culture in the west lost all credibility long ego. " Saudi Arabia, which adheres to some of the world's strictest interpretations of Sunni Islam, has long prevented women from taking on a larger role in society. Male guardians have the power...

Very intelligent post Davit as usual :-) ,I'm muslim and most of the laws....I hate them... because they treat women as slaves,I have real living examples here in my country...some of friends they went through divorce,their husbands are in total control of everything,no say at all.Can't even wear beautiful clothing they would love too,not being vulgar but just feminine ,very sad.
  • #23,996
  • Jan 8, 2019 5:43am Jan 8, 2019 5:43am
GU - Short
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Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #23,997
  • Jan 8, 2019 1:14pm Jan 8, 2019 1:14pm
Holding on to this EURCAD trade. I took 21 pips of drawdown and now at +400 for the move! I still find it amazing how much drawdown some you
are willing to take on. Confusing!
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  • #23,998
  • Jan 8, 2019 10:41pm Jan 8, 2019 10:41pm
Consensus has changed, overnight rate will stay at 1.75% for CAD. Interesting if 2.00% was priced in and now it will stay unchanged then will it shoot up or what.
  • #23,999
  • Jan 8, 2019 11:11pm Jan 8, 2019 11:11pm
Forward on recovery road.
Before the spike a lower number of positions resisted, even if in big DD, then adding up after the storm.
Tonight the trade was closed by the EA trailing for a fair profit.
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Porta itineris dicitur longissima esse
  • #24,000
  • Jan 8, 2019 11:22pm Jan 8, 2019 11:22pm
Some trades going.
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