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Pivot Trading

  • #24,281
  • Jan 23, 2019 9:12am Jan 23, 2019 9:12am
Loading some positions on UC, it's around R100 area.
"In the end you only trade yourself."
  • #24,282
  • Jan 23, 2019 10:10am Jan 23, 2019 10:10am
Watch out for Aussie pairs later on....

Let's see if there will be big moves to follow and profit.

NZD and GBP news has been great so far this week...
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We're not here to be right, we're here to Profit Consistently!
  • #24,283
  • Jan 23, 2019 10:24am Jan 23, 2019 10:24am
Reentry this morning again- Close partial. And rest be+2. RISK=0
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  • #24,284
  • Edited 11:30am Jan 23, 2019 10:47am | Edited 11:30am
Quoting fibo38
Reentry this morning again- Close partial. And rest be+2. RISK=0 {image}
Be careful with UsdChf, in the last months I have looked only for long trades also for the nice positive swaps. If you have observed past PA, every dump has followed fast pump
Trade What's Happening... Not What You Think Is Gonna Happen
  • #24,285
  • Jan 23, 2019 11:30am Jan 23, 2019 11:30am
[quote = ToddyS2K; 11917935] {quote} Tenga cuidado con UsdChf, en los últimos meses he buscado solo intercambios largos también para los buenos intercambios positivos. Si ha observado PA anterior, cada volcado ha seguido un volcado rápido [/ quote]
Take the Tp Yet. thanks
  • #24,286
  • Jan 23, 2019 1:21pm Jan 23, 2019 1:21pm
The topics have gone mixed discussion!
martin
  • #24,287
  • Edited 1:50pm Jan 23, 2019 1:33pm | Edited 1:50pm
Looks good for short positions

still a learner of the Davits system, thus any correction is highly appreciated
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  • #24,288
  • Jan 23, 2019 2:03pm Jan 23, 2019 2:03pm
Quoting ranilo.vince
Watch out for Aussie pairs later on.... Let's see if there will be big moves to follow and profit. NZD and GBP news has been great so far this week... {image}
I am impressed you and many here have developed awareness of Events.Looks like I didn't waste my time writing about it after all over and over.
In trading, you have to be defensive and aggressive at the same time
  • #24,289
  • Jan 23, 2019 2:17pm Jan 23, 2019 2:17pm
Tommorow we should see great moves on Euro pairs. EC is overextended and if Draghi comes out all super duper dovy its likely EC drop close to 1.50 or even lower.Watch EA to sell as well
Don't go to Armenia - Travel film by Tolt #14
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #24,290
  • Jan 23, 2019 2:17pm Jan 23, 2019 2:17pm
Quoting Davit
{quote} I am impressed you and many here have developed awareness of Events.Looks like I didn't waste my time writing about it after all over and over.
Agreed, it should be instinctual. Whenever a potential setup is in play, look at the calendar/news and digest repercussions before pulling the trigger.
Trade with confidence, trade without fear.
  • #24,291
  • Jan 23, 2019 2:33pm Jan 23, 2019 2:33pm
Quoting Cryptosurf
{quote} Agreed, it should be instinctual. Whenever a potential setup is in play, look at the calendar/news and digest repercussions before pulling the trigger.
Not so here at FF where typical system traders are about which MA is on top of what MA!Which Oscillator is OB or OS
I read on another popular thread trader asking OP if he should sell EU now!!!!
Absurd right I mean we got ECB tomorrow and this guy is blank clueless.That's what pisses me off guys putting way too much effort on stupid MA's instead of opening their eyes to see the big picture the market structure!
In trading, you have to be defensive and aggressive at the same time
  • #24,292
  • Jan 23, 2019 2:39pm Jan 23, 2019 2:39pm
Looks like there is unfinished business down below.
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In trading, you have to be defensive and aggressive at the same time
  • #24,293
  • Jan 23, 2019 3:08pm Jan 23, 2019 3:08pm
Quoting Davit
Tommorow we should see great moves on Euro pairs. EC is overextended and if Draghi comes out all super duper dovy its likely EC drop close to 1.50 or even lower.Watch EA to sell as well Don't go to Armenia - Travel film by Tolt #14 https://www.youtube.com/watch?v=Og49pKNw7pI
Having the same plan - watching these pairs because of the dovish Draghi. There could be a nice buying before Draghi if EUR news come out green as expected. Nicer opportunity to sell later. But time will tell, when and how or even if, to enter.
  • #24,294
  • Jan 23, 2019 4:52pm Jan 23, 2019 4:52pm
Quoting Davit
{quote} I am impressed you and many here have developed awareness of Events.Looks like I didn't waste my time writing about it after all over and over.
Agreeded you certainly did not, my trading day and which pairs is all about what's on the FF news, we are blessed to have a such a great team leader
  • #24,295
  • Jan 23, 2019 6:24pm Jan 23, 2019 6:24pm
Quoting Davit
{quote} I am impressed you and many here have developed awareness of Events.Looks like I didn't waste my time writing about it after all over and over.
Thanks Davit! Im glad you did not give up on informing us..

What you taught us here really is golden and we all owe you a lot..
We're not here to be right, we're here to Profit Consistently!
  • #24,296
  • Jan 23, 2019 6:32pm Jan 23, 2019 6:32pm
Sweet numbers on AUD
Keeping my AJ longs
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In trading, you have to be defensive and aggressive at the same time
  • #24,297
  • Jan 23, 2019 6:48pm Jan 23, 2019 6:48pm
Quoting Davit
Sweet numbers on AUD Keeping my AJ longs {image}
Yes it is...
We're not here to be right, we're here to Profit Consistently!
  • #24,298
  • Jan 23, 2019 7:12pm Jan 23, 2019 7:12pm
Crypto, Davit, Mundo, Husky77 (pretty much any trader who got the hang of news events)

please, would you be so kind and clarify regarding what you Davit describe as "awareness of calendar events". I truly want to learn but it seems I am too stupid. What I do not understand is this.

  1. If we agree that it is calendar events/news that move price then why would we enter earlier? I have seen it before and I believe Davit you were already in AJ longs? Why would we therefore not wait until news comes out (i.e. up until an hour ago) as we can never predict what the news will be?
  2. On the other hand, if we wait until news comes out then my entry might be far worse as the price will have moved/spiked.

    If we look at the two prior points then I am darned if I enter before (we do not know how news will be) or darned if I enter when news came out because price might have moved/spiked too much.
  3. I saw that a lot of people using basically the difference from "previous news figures" and compare it to "Forecast" and hence form their bias. But is this not a bit too simple? In the case on AUD we should not have entered earlier when going with this thought process because the forecast for today's news release was actually worse then previous.
  4. Or am I completely overthinking this and it is simply like this : Where is price > is it in 61 or beyond...enter with small position at 61 or 78 or 100...wait until news comes out and because price already moved away from pivot the likelihood of price snapping back is high as a result of the event?

Please be so kind and let me know how you got the hang of it. I truly want to understand and work on it but if I do not know how to start and where to start then I am wandering aimlessly. Maybe if someone could describe the thought process behind it that would help me get things going.

Thank you in advance by letting me know either by replying here or by PM'ing me

Jester

  • #24,299
  • Jan 23, 2019 7:26pm Jan 23, 2019 7:26pm
Quoting Jester_73
Crypto, Davit, Mundo, Husky77 (pretty much any trader who got the hang of news events) please, would you be so kind and clarify regarding what you Davit describe as "awareness of calendar events". I truly want to learn but it seems I am too stupid. What I do not understand is this. If we agree that it is calendar events/news that move price then why would we enter earlier? I have seen it before and I believe Davit you were already in AJ longs? Why would we therefore not wait until news comes out (i.e. up until an hour ago) as we can never...
Jester I will get back to you family is calling for dinner You are raising valid points
In trading, you have to be defensive and aggressive at the same time
  • #24,300
  • Jan 23, 2019 7:36pm Jan 23, 2019 7:36pm
Thank you very much for your help Davit. I truly appreciate!
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