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Pivot Trading

  • #24,381
  • Jan 25, 2019 8:47am Jan 25, 2019 8:47am
Quoting Davit
{quote} don't know where you are but good chance you might get out on correction Once US governments opens things may start on positive sentiment again on USD {image}
R61 R78 R100, I am in infantry stages i dont trade anything less.
  • #24,382
  • Jan 25, 2019 8:50am Jan 25, 2019 8:50am
Quoting RieseP
{quote} R61 R78 R100, I am in infantry stages i dont trade anything less.
I think trading Yen crosses and commodity pairs are far better and less riskier then over compressed currency like GBP which had been getting beat up for months.You have to develop sense of sentiment.You'll get there just hummer away +$trades and overtime you will develop skill to avoid set ups or get in set ups.
Experience comes from hours and hours of screen time.

No USD news today so BEARS are having field day
In trading, you have to be defensive and aggressive at the same time
  • #24,383
  • Jan 25, 2019 8:59am Jan 25, 2019 8:59am
Quoting Davit
{quote} I think trading Yen crosses and commodity pairs are far better and less riskier then over compressed currency like GBP which had been getting beat up for months.You have to develop sense of sentiment.You'll get there just hummer away +$trades and overtime you will develop skill to avoid set ups or get in set ups. Experience comes from hours and hours of screen time.
Exactly i feel my knowledge is constantly growing, not bundles but small increments continuously and also with that comes the ability to control my emotions, the important bit is I am over 10% this month. My focus is too get more in tune with fundamentals, trading less pairs but when i catch the right one make sure to hammer it down or up in that case. Quality and not Quantity.

Dollar is plummeting down? any reasons why? Davit if you ever decide to come to London be sure to say hello and have a coffee, brillaint places to practice your photography.
  • #24,384
  • Jan 25, 2019 8:59am Jan 25, 2019 8:59am
[quote=r61;11917357]Loading some positions on UC, it's around R100 area.

r61 , I was going to post a 1 hour chart yesterday which clearly showed major rejection at the r100 area , damn , wish I did !!!!

PIVOTS WORK !!!!! PERIOD !!!!

Amazing drop this morning !!! $$$$$

Thank you DAVIT !!!!
GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #24,385
  • Jan 25, 2019 9:15am Jan 25, 2019 9:15am
[quote=GreenEarth;11927514]
Quoting r61
Loading some positions on UC, it's around R100 area. r61 , I was going to post a 1 hour chart yesterday which clearly showed major rejection at the r100 area , damn , wish I did !!!! PIVOTS WORK !!!!! PERIOD !!!! Amazing drop this morning !!! $$$$$ Thank you DAVIT !!!! GreenEarth
How you been my Canadian friend?Just letting you know I bought ton of your currency
In trading, you have to be defensive and aggressive at the same time
  • #24,386
  • Jan 25, 2019 9:20am Jan 25, 2019 9:20am
Quoting RieseP
{quote} Exactly i feel my knowledge is constantly growing, not bundles but small increments continuously and also with that comes the ability to control my emotions, the important bit is I am over 10% this month. My focus is too get more in tune with fundamentals, trading less pairs but when i catch the right one make sure to hammer it down or up in that case. Quality and not Quantity. Dollar is plummeting down? any reasons why? Davit if you ever decide to come to London be sure to say hello and have a coffee, brillaint places to practice your photography....
Thank you for invite sure one of this days I may visit you
Dollar bulls are taking profit and Feds are signalling a pause on hikes hence why weakness.
In trading, you have to be defensive and aggressive at the same time
  • #24,387
  • Jan 25, 2019 9:21am Jan 25, 2019 9:21am
Wow USD bears just gained total control!!!

These are the times when we wish we had a crystal ball... Lol!

Been so conservative on my targets thinking that Friday will be quiet coz there's no news as well.. But hey, profit is a profit and just as long you followed your plan, you're good!
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We're not here to be right, we're here to Profit Consistently!
  • #24,388
  • Jan 25, 2019 9:32am Jan 25, 2019 9:32am
Closed AJ 1173
Today's profits so far.
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Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #24,389
  • Jan 25, 2019 9:36am Jan 25, 2019 9:36am
I had a terrible day at work, not finished yet.

What a displeasure not having time to look at markets and much more frustration for finishing ammunition I couldn't enter more trades on these two that are doing very well.

I have definitely to improve my MM.
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Porta itineris dicitur longissima esse
  • #24,390
  • Jan 25, 2019 9:40am Jan 25, 2019 9:40am
Still profits running on UC and GC which most likely carry over next week.
I don't post my accounts stats often but did real well this week.Just for motivation please don't start the hate campaign.Its live account and I pay my mortgage from it every month.
This week That's $888 a day trading. Beats my shitty job for sure.
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In trading, you have to be defensive and aggressive at the same time
  • #24,391
  • Jan 25, 2019 9:44am Jan 25, 2019 9:44am
Quoting bubincka
I had a terrible day at work, not finished yet. What a displeasure not having time to look at markets and much more frustration for finishing ammunition I couldn't enter more trades on these two that are doing very well. I have definitely to improve my MM. {image} {image}
looks great don't beat yourself.Lot of folks are in RED territory be glad you are in green
In trading, you have to be defensive and aggressive at the same time
  • #24,392
  • Jan 25, 2019 9:45am Jan 25, 2019 9:45am
https://www.tradingview.com/script/A...i-Pivot-Point/

Fibonacci Pivot 78 zone on the EURUSD.
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  • #24,393
  • Jan 25, 2019 9:48am Jan 25, 2019 9:48am
Quoting TURoO
https://www.tradingview.com/script/A...i-Pivot-Point/ Fibonacci Pivot 78 zone on the EURUSD. {image}
that's seriously incorrect EU is 1400 which is the Weekly Pivot
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In trading, you have to be defensive and aggressive at the same time
  • #24,394
  • Jan 25, 2019 9:53am Jan 25, 2019 9:53am
Quoting Davit
{quote} that's seriously incorrect EU is 1400 which is the Weekly Pivot {image} {image}
in my tradingview chart 1.14015 is the weekly pivot points. i think 1.5pips because of little difference of brokers data.
  • #24,395
  • Jan 25, 2019 9:54am Jan 25, 2019 9:54am
Quoting Davit
{quote} looks great don't beat yourself.Lot of folks are in RED territory be glad you are in green
Exactly.. Don't let greed take over as well..
We're not here to be right, we're here to Profit Consistently!
  • #24,396
  • Jan 25, 2019 9:55am Jan 25, 2019 9:55am
Quoting TURoO
{quote} in my tradingview chart 1.14015 is the weekly pivot points. i think 1.5pips because of little difference of brokers data.
We are not talking about few pips You said EU is in 78Zone 78 is at 1507 that's over 100pips
This is serious error and can get you in trouble.Why not just show the pivots this week only.Its cluttering and unnecessary to view previous weeks.
In trading, you have to be defensive and aggressive at the same time
  • #24,397
  • Jan 25, 2019 9:59am Jan 25, 2019 9:59am
GBP bulls clearing stops
In trading, you have to be defensive and aggressive at the same time
  • #24,398
  • Jan 25, 2019 10:00am Jan 25, 2019 10:00am
[quote = emiel2303; 11926623] {quote} Fibo es un error decir "riesgo = 0" porque ur está en beneficio ahora. Así que si el precio vuelve a estar en el punto u pierde su beneficio. No existe tal cosa como "un viaje gratis". [/ Quote]
I see it in a different way. Close partial and win and secure the entrance. The risk is 0 because it is already protected.
Greed breaks the sack many times.
Each one trades as one wants, and I trade like that and I'm doing fine. Good weekend !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
  • #24,399
  • Jan 25, 2019 10:05am Jan 25, 2019 10:05am
I didn't mean that EU is in the 78 zone.
I just wanted to show others how fibo 78 zones works in this photo.
And you can see these filled zones. these are fibo 78 to fibo 100 zones. White lines are weekly pivot points. Reds are fibo 38levels.

EU buy order is running 100pips from the S78 zone.
Sorry about my poor english.
  • #24,400
  • Jan 25, 2019 10:12am Jan 25, 2019 10:12am
Quoting TURoO
{quote} in my tradingview chart 1.14015 is the weekly pivot points. i think 1.5pips because of little difference of brokers data.
I made a template on Tradingview that has pivots clearly labeled. You can grab them here: https://www.tradingview.com/chart/y4RPViGy/

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Trade with confidence, trade without fear.
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