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Pivot Trading

  • #24,021
  • Jan 11, 2019 2:29am Jan 11, 2019 2:29am
Quoting darksize
{quote} Congratulation to nice profit, good job :-)
Hi darksize, thank you!
Porta itineris dicitur longissima esse
  • #24,022
  • Edited 3:12am Jan 11, 2019 3:01am | Edited 3:12am
Quoting Cryptosurf
{quote} And that's the key. These A+ setups happen all the time. I've found such setups watching for end of week "Late Markups" into extreme levels. In the new week, I watch for them to fail to break above the 38/61 levels "Distribution" and then "Decline". Prime Example: {image} {image}
Crypto, they are the exact set ups I look for......Looking at NC at the moment, had the intial decline, waiting for push back up for potential short to join the decline. Exact same pattern as your poster eludes to...ideally would have started shorts on the triple top but hey....
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  • #24,023
  • Jan 11, 2019 4:29am Jan 11, 2019 4:29am
Hi all. Happy New Year. We start again. Green pips for everyone.
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  • #24,024
  • Jan 11, 2019 5:02am Jan 11, 2019 5:02am
Update breakng news
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  • #24,025
  • Jan 11, 2019 6:28am Jan 11, 2019 6:28am
Quoting langtoni
{quote} Crypto, they are the exact set ups I look for......Looking at NC at the moment, had the intial decline, waiting for push back up for potential short to join the decline. Exact same pattern as your poster eludes to...ideally would have started shorts on the triple top but hey.... {image}
Riding the wave up on this pair - nice profits so far...
  • #24,026
  • Jan 11, 2019 6:36am Jan 11, 2019 6:36am
UC good for long ? It could ride for a short swing until WS61.
However after Powell dovish "patience" in latest declarations dollar is weak. Let's see how CPI data will come out.
And it's Friday, so probably no more trades for me.
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Porta itineris dicitur longissima esse
  • #24,027
  • Jan 11, 2019 8:06am Jan 11, 2019 8:06am
EG +486
this was ranging
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In trading, you have to be defensive and aggressive at the same time
  • #24,028
  • Jan 11, 2019 8:09am Jan 11, 2019 8:09am
Quoting bubincka
I closed my EA around WS38 for a nice profit. I know there's room for more downward move but I prefer to avoid the risk of a bounce on support and free some margin. {image}
nice harvest
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In trading, you have to be defensive and aggressive at the same time
  • #24,029
  • Jan 11, 2019 8:22am Jan 11, 2019 8:22am
Short on EU from R78.
  • #24,030
  • Jan 11, 2019 8:28am Jan 11, 2019 8:28am
Quoting Davit
EG +486 this was ranging {image}
Got that bad boy too! Was monitoring GDP numbers this morning. €€€
  • #24,031
  • Jan 11, 2019 8:31am Jan 11, 2019 8:31am
Long UC from S100.
  • #24,032
  • Jan 11, 2019 8:41am Jan 11, 2019 8:41am
Quoting bubincka
UC good for long ? It could ride for a short swing until WS61. However after Powell dovish "patience" in latest declarations dollar is weak. Let's see how CPI data will come out. And it's Friday, so probably no more trades for me. {image}
Btw is working, helped by a sudden drop in oil prices that obviously could not be known in advance.
It should been minimum 80 pips move, of course in hindsight everything it's easy.
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Porta itineris dicitur longissima esse
  • #24,033
  • Jan 11, 2019 8:42am Jan 11, 2019 8:42am
Quoting Davit
{quote} nice harvest {image}
Beautiful picture!
Porta itineris dicitur longissima esse
  • #24,034
  • Jan 11, 2019 10:03am Jan 11, 2019 10:03am
Just when you get out drops another 40pips
I know I am happy with the profits but it never feels right...leaving profits
average position of 50pips 10 positions.This is the challenging part in trading many times you don't take TP price comes back taking our gains back or much smaller gains then other times smashing it and you stand there scratching why you got out.No joke this to me is the real challenge.Some pro traders have fixed pips they take daily and forget about what they missed.Not a bad strategy
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In trading, you have to be defensive and aggressive at the same time
  • #24,035
  • Jan 11, 2019 10:29am Jan 11, 2019 10:29am
Quoting Davit
Just when you get out drops another 40pips I know I am happy with the profits but it never feels right...leaving profits average position of 50pips 10 positions.This is the challenging part in trading many times you don't take TP price comes back taking our gains back or much smaller gains then other times smashing it and you stand there scratching why you got out.No joke this to me is the real challenge.Some pro traders have fixed pips they take daily and forget about what they missed.Not a bad strategy {image}
Davit,
I also employ a strategy of fixed pips and get out of a trade before I hit TP if PA tells me so. I guess leaving pips on the table is just part of the game.
  • #24,036
  • Jan 11, 2019 10:30am Jan 11, 2019 10:30am
Some pro traders have fixed pips they take daily and forget about what they missed.Not a bad strategy thats how i trade looking for 25 ticks with 30 dollars a tick
  • #24,037
  • Jan 11, 2019 1:18pm Jan 11, 2019 1:18pm
Close Yet. Possible Forex Flash Crash on January 15 by Brexit
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  • #24,038
  • Jan 11, 2019 1:33pm Jan 11, 2019 1:33pm
Quoting Davit
Just when you get out drops another 40pips I know I am happy with the profits but it never feels right...leaving profits average position of 50pips 10 positions.This is the challenging part in trading many times you don't take TP price comes back taking our gains back or much smaller gains then other times smashing it and you stand there scratching why you got out.No joke this to me is the real challenge.Some pro traders have fixed pips they take daily and forget about what they missed.Not a bad strategy {image}
We all know these feelings, got out of short trade on USD/CAD last week on friday, thinking it will maybe get a bit back so i will take profits there, and next week i can jump in again. It did NOT EVEN STOP !
-._.-
  • #24,039
  • Jan 11, 2019 1:42pm Jan 11, 2019 1:42pm
Quoting bubincka
{quote} Btw is working, helped by a sudden drop in oil prices that obviously could not be known in advance. It should been minimum 80 pips move, of course in hindsight everything it's easy. {image}
The "waving" as i call it or "consolidation/accumulation" commonly, looking good for up move, but for me its more like possibility for short later.
-._.-
  • #24,040
  • Jan 11, 2019 1:50pm Jan 11, 2019 1:50pm
Here's another example of what I mentioned in previous post: https://www.forexfactory.com/showthr...5#post11869435

NGAS dipped deep into extreme levels last week, failed to break below S38 this week and reversed.

Love trading NGAS, as each pip profit is 2:1

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Trade with confidence, trade without fear.
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