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Pivot Trading

  • #24,341
  • Jan 24, 2019 7:26pm Jan 24, 2019 7:26pm
Quoting Davit
Anyone EC short?
why not davit
  • #24,342
  • Jan 24, 2019 7:52pm Jan 24, 2019 7:52pm
Quoting darshanaint
{quote} why not davit
Not now I meant before....
In trading, you have to be defensive and aggressive at the same time
  • #24,343
  • Jan 24, 2019 7:57pm Jan 24, 2019 7:57pm
Quoting programtesti
{quote} Can you explain it more clearly please? Thank you Did you mean if price bellow WP, we only place buy order? And if price above WP, we only place sell order? Thank you
you are removed.Not personal this is advance trading and disclaimer on 1st page
In trading, you have to be defensive and aggressive at the same time
  • #24,344
  • Edited 8:23pm Jan 24, 2019 8:03pm | Edited 8:23pm
If EURUSD reaches down to the 100, it will take stops just near/below these lows.

edit : Meaning to go long EUR. Take stops and reverse.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 15 KB
  • #24,345
  • Jan 24, 2019 8:19pm Jan 24, 2019 8:19pm
Nice USD bears coming back
Short on UC long on AU EU
In trading, you have to be defensive and aggressive at the same time
  • #24,346
  • Jan 24, 2019 8:19pm Jan 24, 2019 8:19pm
Quoting Davit
Closed EC very nice gain guys +1693 ADR is done so I am out EU at 13 just below I anticipate fight at 13 so taking my money out {image}
a lot of pips there.

reminded me of the old style.
Dangdut is a music of my country
  • #24,347
  • Jan 24, 2019 8:23pm Jan 24, 2019 8:23pm
Quoting NuNix
{quote} a lot of pips there. reminded me of the old style.
Thanks I just spread my arrows has better chance of hitting target
Net fishing VS spear fishing. Net fishing more efficient.Fish in the center and sides of the net still are in the net and captured.There is no energy spent on single fish...
In trading, you have to be defensive and aggressive at the same time
  • #24,348
  • Jan 24, 2019 8:27pm Jan 24, 2019 8:27pm
CJ at junction either breaks WP or retreats.Worth waiting to see what happens
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH1.png Size: 35 KB
In trading, you have to be defensive and aggressive at the same time
  • #24,349
  • Jan 24, 2019 9:13pm Jan 24, 2019 9:13pm
Quoting Davit
Nice USD bears coming back Short on UC long on AU EU
i'm shorting UC since yesterday at R100. if break R38, UC will go more deeper. i could be wrong.
  • #24,350
  • Jan 24, 2019 9:17pm Jan 24, 2019 9:17pm
Quoting Davit
CJ at junction either breaks WP or retreats.Worth waiting to see what happens {image}
It's being encouraged north, see what we get by end of Asian session
  • #24,351
  • Jan 24, 2019 9:18pm Jan 24, 2019 9:18pm
Quoting General Lee
{quote} i'm shorting UC since yesterday at R100. if break R38, UC will go more deeper. i could be wrong.
Agreed a very positive Asian session.
  • #24,352
  • Jan 24, 2019 9:29pm Jan 24, 2019 9:29pm
Having great week Most of my ongoing trades in profit. After brutal Dec things are moving up fast.
In trading, you have to be defensive and aggressive at the same time
  • #24,353
  • Jan 24, 2019 9:44pm Jan 24, 2019 9:44pm
Closed CJ
+1125 happy with the gain
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM30.png Size: 39 KB
In trading, you have to be defensive and aggressive at the same time
  • #24,354
  • Jan 24, 2019 9:49pm Jan 24, 2019 9:49pm
did load up heavy on AJ this one is a keeper until 7850+
In trading, you have to be defensive and aggressive at the same time
  • #24,355
  • Jan 24, 2019 9:53pm Jan 24, 2019 9:53pm
Next EU turn to pull up north.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 38 KB
In trading, you have to be defensive and aggressive at the same time
  • #24,356
  • Jan 24, 2019 9:55pm Jan 24, 2019 9:55pm
Did well on EJ as well (as you advice earlier)
Attached Image (click to enlarge)
Click to Enlarge Name: Екранна снимка (15).png Size: 193 KB
  • #24,357
  • Jan 25, 2019 1:05am Jan 25, 2019 1:05am
hi davit I'm newbies here,

I haven't finished reading all the pages, imagine thousands pages of it,
i want ask here do you use SL when opening orders, or use PA for indications that orders must be closed, if price move againts you in the first place

ignore me if it's annoying, but don't spank me
regards
  • #24,358
  • Jan 25, 2019 4:04am Jan 25, 2019 4:04am
Quoting jojo96
hi davit I'm newbies here, I haven't finished reading all the pages, imagine thousands pages of it, i want ask here do you use SL when opening orders, or use PA for indications that orders must be closed, if price move againts you in the first place ignore me if it's annoying, but don't spank me regards
Here is https://www.forexfactory.com/showthr...6#post10795636

STOP LOSS
1 Decide how much each swing is worth example $500
2. Divide $500 into mini lots for multiple entries example .50c a pip gives 1000 pip distance
3. This allows averaging in orders as seen fit irregardless if previous orders are in red
4. Orders are placed as long as reason for trade is still valid
5. If conditions change loss is taken since orders are not placed all at once this allows smaller loss
Swings
Each Swing investment $500 (example yours could be anything)
Swing is taken as loss once -$500 is reached
There are no exceptions.No running red beyond $500
Orders broken down into mini lots that satisfies each swing consist of 10-15 trades
My budget for this is 2-3% of account risk say $500 for example.I then enter trades on mini lots and as long as my 500 is not consumed on DD and I am still confident of my trade I stay on it.I may choose to get out early but most times my SL is predetermined.This allows me to cast a wider net. So my 10mini lots can cover 50pip distance hence capture better RR
There is advantage to trade this way.Should PA go against you and you no longer like the trade you can get out by fraction of lot invested hence your loss is minimal instead of traditional 1 trade 1lot per trade when if wrong loss is substantially higher.
Numbers posted are for examples only
"In the end you only trade yourself."
  • #24,359
  • Jan 25, 2019 4:36am Jan 25, 2019 4:36am
EU. Close partial. And rest be+2. RISK=0
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 63 KB
  • #24,360
  • Jan 25, 2019 4:43am Jan 25, 2019 4:43am
Quoting Davit
While I am on the subject of Euro love to see EC at least 52 and love to short this even bigger positions then previous. Got far more troops willing to fight now {image}
As A silent student I follow you. so I always watching your advice. learning little by little. Thank you davit
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