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Pivot Trading

  • #24,261
  • Jan 22, 2019 4:18pm Jan 22, 2019 4:18pm
Quoting r61
Green number on this one. Nice for my NJ longs. {image}
this was a set up I posted about.
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In trading, you have to be defensive and aggressive at the same time
  • #24,262
  • Jan 22, 2019 4:30pm Jan 22, 2019 4:30pm
closed NJ+1138
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In trading, you have to be defensive and aggressive at the same time
  • #24,263
  • Jan 22, 2019 4:37pm Jan 22, 2019 4:37pm
large positions here as well CJ
I posted about these NJ CJ AJ
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In trading, you have to be defensive and aggressive at the same time
  • #24,264
  • Jan 22, 2019 9:42pm Jan 22, 2019 9:42pm
NJ S38 to R38, closing now. Text book!
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  • #24,265
  • Jan 22, 2019 10:13pm Jan 22, 2019 10:13pm
Quoting Davit
{quote} this was a set up I posted about. {image}
I closed my NJ long. It went nicely from WS38 to WR38, thanks Davit for the heads up on this. I had not enough margin to load more position.
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Porta itineris dicitur longissima esse
  • #24,266
  • Jan 22, 2019 10:31pm Jan 22, 2019 10:31pm
Closed my UC longs and entered short.
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  • #24,267
  • Jan 23, 2019 1:07am Jan 23, 2019 1:07am
Quoting Cryptosurf
{quote} There's a few general rules I apply keeps me out of trouble. 1) Only sell above and buy below WP. 2) If previous weeks price ends in outer levels, and cant break beyond R/S38 of current week, then get out. 3) Keep an eye on recent levels. {image}
Hello, may I ask please, how do you setup your pivots,that you see different levels for each week to the past and not only recent week levels all over the graph? Is it Davits indicator or some other pivot indicator, I could not find it in the settings. Thank you very much for your advice.
  • #24,268
  • Jan 23, 2019 2:40am Jan 23, 2019 2:40am
Quoting Fischerman
{quote} Hello, may I ask please, how do you setup your pivots,that you see different levels for each week to the past and not only recent week levels all over the graph? Is it Davits indicator or some other pivot indicator, I could not find it in the settings. Thank you very much for your advice.
You can set it up with this version of pivots.
Attached File(s)
File Type: ex4 Pivot_Voty(2).ex4   74 KB | 527 downloads
  • #24,269
  • Jan 23, 2019 4:28am Jan 23, 2019 4:28am
Quoting Cryptosurf
{quote} There's a few general rules I apply keeps me out of trouble. 1) Only sell above and buy below WP. 2) If previous weeks price ends in outer levels, and cant break beyond R/S38 of current week, then get out. 3) Keep an eye on recent levels. {image}
Good advice Cryptosurf.
I keep an eye on the pivot levels of the previous week until mid-day on the Tuesday of the current week (i.e. candle that closes at 12:00 on the Tuesday)of last. By doing this I find setups that are valid at a pivot level of last week, where the current price might be between the WP and S/R38.
  • #24,270
  • Jan 23, 2019 4:31am Jan 23, 2019 4:31am
Quoting Cryptosurf
{quote} There's a few general rules I apply keeps me out of trouble. 1) Only sell above and buy below WP. 2) If previous weeks price ends in outer levels, and cant break beyond R/S38 of current week, then get out. 3) Keep an eye on recent levels. {image}
Do you mean: only place sell if price above WP and only place buy if price below WP?
  • #24,271
  • Jan 23, 2019 4:50am Jan 23, 2019 4:50am
I closed another trade held for a long time because I need to free some margin and I don't see USD has the strength to exceed WR38 now.
I need to re-tune a bit the way I trade this system focusing more on swings and not always chasing galactic profits that in the end don't come.
Thanks Cryptosurf for your advices.
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Porta itineris dicitur longissima esse
  • #24,272
  • Jan 23, 2019 5:41am Jan 23, 2019 5:41am
I've been avoiding GBP trades like the plague during this Brexit nonsense......but EURGBP is looking tasty for a long set up, huge support looking at the the daily chart....ECB later.....tempting but i made a promise not to trade GBP until post Brexit (as an Irish person im watching all developments intently)......so really this is just an observation....plus i have time sipping on a beer in Amsterdam airport!
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  • #24,273
  • Jan 23, 2019 5:41am Jan 23, 2019 5:41am
Quoting Fischerman
{quote} Hello, may I ask please, how do you setup your pivots,that you see different levels for each week to the past and not only recent week levels all over the graph? Is it Davits indicator or some other pivot indicator, I could not find it in the settings. Thank you very much for your advice.
I use the Nostromo one posted here: https://www.forexfactory.com/showthr...4#post10645524
Trade with confidence, trade without fear.
  • #24,274
  • Jan 23, 2019 6:20am Jan 23, 2019 6:20am
Quoting langtoni
I've been avoiding GBP trades like the plague during this Brexit nonsense......but EURGBP is looking tasty for a long set up, huge support looking at the the daily chart....ECB later.....tempting but i made a promise not to trade GBP until post Brexit (as an Irish person im watching all developments intently)......so really this is just an observation....plus i have time sipping on a beer in Amsterdam airport! {image}
If it'll drop till WS78 I'll watch it carefully and at first sign of reversal I'll go long for sure.
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Porta itineris dicitur longissima esse
  • #24,275
  • Jan 23, 2019 6:31am Jan 23, 2019 6:31am
Glad I'm still not late with the Bullish Dairy Milk Party... Lol!

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We're not here to be right, we're here to Profit Consistently!
  • #24,277
  • Jan 23, 2019 6:42am Jan 23, 2019 6:42am
Quoting Skywave
Hidden
how much is for shipping the snake oil..? and say hi to your cousin prince in Nigeria.
  • #24,278
  • Jan 23, 2019 6:45am Jan 23, 2019 6:45am
Quoting Skywave
Hidden
sorry but i think this is BS..
they let you hold on to their 50k but you still pay them 3.2k.
Just tell them to deduct 3.2k from 50k so you get a hold on the 46.8k trade capital... lol
We're not here to be right, we're here to Profit Consistently!
  • #24,279
  • Jan 23, 2019 6:45am Jan 23, 2019 6:45am
Exited my EG short position +120 pips. Classic bounce from WP.
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  • #24,280
  • Jan 23, 2019 7:00am Jan 23, 2019 7:00am
Quoting fxbarwise
Exited my EG short position +120 pips. Classic bounce from WP. {image}
Looks like EC could be another candidate for a bounce from WPP...could be wrong of cause
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