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Pivot Trading

  • #24,521
  • Jan 30, 2019 12:14pm Jan 30, 2019 12:14pm
Area of interest E/A 1hr
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  • #24,522
  • Jan 30, 2019 12:18pm Jan 30, 2019 12:18pm
Quoting RieseP
Area of interest E/A 1hr {image}
Good chance rally here and EC but my focus is on the CAD and EC in particular. She is getting close to 51 now anything above is nice higher the better the fall.
I do what I say. I follow up on my trades did on EC and same on GC.No need to deviate on other pairs.Keep them close.
If I think EC for example will touch 1.50 I will sell every rally until it gets there and it will since CAD is oversold rather undeserving
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In trading, you have to be defensive and aggressive at the same time
  • #24,523
  • Jan 30, 2019 12:20pm Jan 30, 2019 12:20pm
Latest trades after release of Feds Fund Rates...

I still cannot anticipate and place trades before news comes out that is why I wait for release and watch price action before pulling the trigger.

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While these two trades was earlier after AUD news...
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We're not here to be right, we're here to Profit Consistently!
  • #24,524
  • Jan 30, 2019 12:24pm Jan 30, 2019 12:24pm
Why I buy AJ on dips? Look at the weekly! Clear? Correcto trend is NORTH and notice vast empty space....above
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In trading, you have to be defensive and aggressive at the same time
  • #24,525
  • Jan 30, 2019 12:26pm Jan 30, 2019 12:26pm
Quoting ranilo.vince
Latest trades after release of Feds Fund Rates... I still cannot anticipate and place trades before news comes out that is why I wait for release and watch price action before pulling the trigger. {image} {image} While these two trades was earlier after AUD news... {image} {image}
please do me a favor post charts without MA's I happen to strongly dislike them... What MA's show is mathematical computation of history.Well your eyes can do better job.If you can't follow price MA's wont help either.
In trading, you have to be defensive and aggressive at the same time
  • #24,526
  • Jan 30, 2019 12:34pm Jan 30, 2019 12:34pm
Quoting Davit
CJ hit R68 like magic Now this is just me.I only buy this pair.Love to see CJ drop so I can really load up long here. WP would be ideal and same concept on AJ and NJ Why? I like to be on greater Trend NOrth and with +swap. Not sure ?click on weekly chart you'll see it clearly. I had some idiots accuse me of basically counter trading mostly reality is I trade more with the trend.That's just shows how little they understand what I do. {image}
Your right, the trades that go with the overall trend reach your target generally a lot quicker, why fight against gravity unless the fights worthwhile, i think this comes with time and maturity. This method is as much as important when not to trade then when to trade. Preparation is key and i am starting to actual recognize that looking at the bigger picture meaning higher time frames and take in account the fundamentals is critical.

furthermore Davit mentioned about feeling a signal provider to which i have to say that newcomers you are not davit, i recognize I'm not Davit, he sees things i don't so my edge has to be that of caution as its a marathon not a race and the target is 10% month. I dont need to take stupid trades that will jeopardize this.

Warren Buffett said You only have to make a handful of trades in order to be rich and he also said imagine you could only pick 20 stocks in your lifetime, you would take great care in your decisions.

Fail to prepare, Prepare to fail.
  • #24,527
  • Jan 30, 2019 12:35pm Jan 30, 2019 12:35pm
Can you got suggest some videos for me to watch, i am losing big, i for to set SL.
"Your Habits Will Determine Your Future"
  • #24,528
  • Jan 30, 2019 12:40pm Jan 30, 2019 12:40pm
Quoting Davit
{quote} please do me a favor post charts without MA's I happen to strongly dislike them... What MA's show is mathematical computation of history.Well your eyes can do better job.If you can't follow price MA's wont help either.
Okay Sure Davit. I think I will have to eliminate it as well coz I do both trend following and counter trading anyway based on price action and pivot.

Thanks!
We're not here to be right, we're here to Profit Consistently!
  • #24,529
  • Jan 30, 2019 12:41pm Jan 30, 2019 12:41pm
Quoting Pinch969
Can you got suggest some videos for me to watch, i am losing big, i for to set SL.
my advise don't trade real money until you get your shit together both technically and mentally.There are plenty of materials to read on clipboard.
Seek and you shall find.Everyone has lost money.Has any cook never got burn? It goes with the territory.Don't feel shit about yourself and find and improve the reasons why.It could simply be you are NOT experienced yet.Honestly most folks are not profitable 1st 5yrs then you start making money.Just how it is.Trading is complex and simple.Simplicity comes after understanding the complexity.
In trading, you have to be defensive and aggressive at the same time
  • #24,530
  • Jan 30, 2019 12:48pm Jan 30, 2019 12:48pm
Quoting GreenEarth
Oh Davit , DARN , I left a lot of money on the table with this trade of USD/CAD !!!! WOW !!! What a spike down to 1.3124 !!!! Exited all my trades in profit at 1.3204 , slightly below S38 on a 1 hr chart. HUGE Crude draw down this week. I know that you were probably still in , CONGRATS !!! CONGRATS to all who stayed in !!! $$$$$$ Regards , GE
In this business, Patience always pays off. It's difficult but you need it. That is where the emotional maturity comes into play. I am learning to be patient too for the Pips to roll in. Davit has always stressed this too here.
  • #24,531
  • Jan 30, 2019 12:50pm Jan 30, 2019 12:50pm
Quoting Davit
{quote} don't buy UC (base currency is USD)smarter is sell the rally.This way you are letting the market do the heavy lifting and you continue selling at higher price WITH THE TREND MY GC shorts were perfect example Sold 74 to 73 then 73 to 72 and had ZERO pressure in selling since I was trading with the dominate swing which was bear. GC I anticipate a rally back to WP then may provide anther leg down to 1.70. NOW would I buy GC ? NO NO because that rally may not come at all at least not on this swing.I hope you follow me.This over time should become...
I have a question Davit:
According to FXPro swap calculator it is cheaper to buy UC than to sell. This calculator is at https://www.fxpro.com/trading-tools/calculators/swap
Almost all EUR pairs are cheaper to short and UJ & UC are cheaper to buy. AJ, CJ, NJ cheaper to buy.
This seems to contradict what you are saying on UC?
  • #24,532
  • Jan 30, 2019 12:54pm Jan 30, 2019 12:54pm
EU at major level of resistance on H4 - might be a good time to short...
  • #24,533
  • Edited 6:14pm Jan 30, 2019 12:58pm | Edited 6:14pm
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E/G
Fibo levels lining up perfectly with R38+R61. Strong area of interest for TP.
  • #24,534
  • Jan 30, 2019 1:09pm Jan 30, 2019 1:09pm
Quoting fxbarwise
{quote} I have a question Davit: According to FXPro swap calculator it is cheaper to buy UC than to sell. This calculator is at https://www.fxpro.com/trading-tools/calculators/swap Almost all EUR pairs are cheaper to short and UJ & UC are cheaper to buy. AJ, CJ, NJ cheaper to buy. This seems to contradict what you are saying on UC?
It was about CADJPY not USDCAD
Nothing fucks you harder than Time
  • #24,535
  • Edited 1:54pm Jan 30, 2019 1:25pm | Edited 1:54pm
Quoting fxbarwise
{quote} I have a question Davit: According to FXPro swap calculator it is cheaper to buy UC than to sell. This calculator is at https://www.fxpro.com/trading-tools/calculators/swap Almost all EUR pairs are cheaper to short and UJ & UC are cheaper to buy. AJ, CJ, NJ cheaper to buy. This seems to contradict what you are saying on UC?
Funny you quote my post and not recognizing context and content.
Do us a favor and REREAD my post!
You are removed
Contradiction is your lack of reading skills.
In trading, you have to be defensive and aggressive at the same time
  • #24,536
  • Jan 30, 2019 3:17pm Jan 30, 2019 3:17pm
Quoting Davit
Hi guys Its to me little disheartening that when I am not here few post winning trades or even I assume trade at all.I can trade fully alone without this thread and don't need the extra attention I do it so others can participate and learn and elevate everyone trading on this thread. In short this thread seems to die as soon as I log off and it should not be the case.Principles are clear! I may have to ask myself if I am not becoming signal service provider here...for free since little effort seem taken when I am not here..... cheers

Hello Davit,

Please stay. I'm starting follow your thread in the scope to learn (not interesting in copying signals, think doesn't work
and boring). Also stadying Elliot waves.

Thank you Sir for your talent.
  • #24,537
  • Jan 30, 2019 4:15pm Jan 30, 2019 4:15pm
Quoting Davit
Hi guys Its to me little disheartening that when I am not here few post winning trades or even I assume trade at all.I can trade fully alone without this thread and don't need the extra attention I do it so others can participate and learn and elevate everyone trading on this thread. In short this thread seems to die as soon as I log off and it should not be the case.Principles are clear! I may have to ask myself if I am not becoming signal service provider here...for free since little effort seem taken when I am not here..... cheers
Sorry you feel that way but I think what happens is your trades are so well done, with such a fine expertise, developed from tons of screen time, thought and probably a few losses along the way, that what I have to offer seems petty in comparison, so instead of saying much and sounding like a fool I don’t want to open my mouth and remove all doubt, if you know what I mean.

I for one are not trying to copy your trades, but I am trying to get into your head on your reasoning, and that is coming along fine. When you talk I listen , but only to see the reasoning on the potential you alert us to often...not necessarily to jump in the trade.

Thank you for all the time and energy you put into this thread, it is much appreciated!!
  • #24,538
  • Jan 30, 2019 4:25pm Jan 30, 2019 4:25pm
@Davit......Warren Buffett said “one does not have to do extraordinary things to achieve extraordinary results”.

But I would like to add can you imagine the results if one is doing extraordinary things? I believe you are doing just so.

Just my 2 pips.
  • #24,539
  • Jan 30, 2019 6:18pm Jan 30, 2019 6:18pm
Short NZD/CAD

Target: 0.894
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  • #24,540
  • Jan 30, 2019 6:21pm Jan 30, 2019 6:21pm
Good evening guys
I do recommend playing chess regularly in fact I play 5min games minimum 10 a night.I play because I love it but it has benefits as well.Keeps your mind sharp and you start seeing everything from multiple levels.
Trading to me is very much a chess game.Its always looking at different things offense,defense,tactic,execution and checkmate
Don't let it intimidate you go to chess.com sign up for free and computer always pairs you with folks with same rating more or less.Your mind needs stimulation just like your muscles.Trading requires healthy cognitive functions and ability to pay attention to details.Try it
In trading, you have to be defensive and aggressive at the same time
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