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Pivot Trading

  • #24,901
  • Feb 7, 2019 11:14am Feb 7, 2019 11:14am
@Davit
which of the 2 is most important,
your own news prognoses or pivot points?
iow which of the two is the most important/leading variable in your system/thinking?
  • #24,902
  • Feb 7, 2019 11:22am Feb 7, 2019 11:22am
Quoting Davit
{quote} It can not exceed amount you funded. So if you put 500 and you made 10k and want to take out 1k it will only allow 500 on same debit card.Bank transfer rest.Which I did still pending.
This is something for anti money loundiring. If they allow this kind of thing previously, they probably had some problems wth authority.
  • #24,903
  • Feb 7, 2019 12:13pm Feb 7, 2019 12:13pm
Quoting Davit
Hi guys On Oanda. Issue is if you fund your account with debit card then you can only withdraw up to same amount.This is new I always used debit before without issues and now I have to do direct bank transfer going forward
yes, I learned it is because they reverse the debt you did when you sent the funds.
then I used to send funds in lots of us$1 k.
So they return same way.
In my case I used 2 different debit card.
I had to select those credit card exactly according to the amount I sent from each of them.

"POS DDA RETURN OANDA CORPORATION"
  • #24,904
  • Feb 7, 2019 1:23pm Feb 7, 2019 1:23pm
Quoting fibo38
us500 close 200 points. Amazing days {image}
Welcome back Fibo
You are a Money Machine
In trading, you have to be defensive and aggressive at the same time
  • #24,905
  • Feb 7, 2019 1:40pm Feb 7, 2019 1:40pm
Quoting Davit
{quote} Are you with them? I need to diversify.I have over 50k free margin seating with Oanda Alpari situation kind of woke me up. Anyway thank you
Hi Davit,

First of all thank you for opening such an amazing thread, I am an avid reader and learner of this Pivot Trading thread.

I have a question regarding "Alpari situation" you mentioned above, may I ask what is wrong/right with them as I recently opened an account with them and haven't made any withdrawal yet ?

If I asked unrelated question please don't block me, just ignore.

regards,
WT
Nothing fucks you harder than Time
  • #24,906
  • Feb 7, 2019 1:40pm Feb 7, 2019 1:40pm
Quoting Davit
taking out stops time on UC {image}
Better to wait tomorrow, no good CAD employment numbers are coming...
Trade What's Happening... Not What You Think Is Gonna Happen
  • #24,907
  • Edited 2:02pm Feb 7, 2019 1:52pm | Edited 2:02pm
Quoting Wolfy.trader
{quote} Hi Davit, First of all thank you for opening such an amazing thread, I am an avid reader and learner of this Pivot Trading thread. I have a question regarding "Alpari situation" you mentioned above, may I ask what is wrong/right with them as I recently opened an account with them and haven't made any withdrawal yet ? If I asked unrelated question please don't block me, just ignore. regards, WT
They were told to shut down operations in Russia and I suspect there are Russian own...
https://financefeeds.com/russian-for...de-trustforex/
The Association of Forex dealers, the Russian Forex self-regulatory organization (SRO), has earlier today announced that it is terminating the membership of five companies: Alpari Forex, Forex Club, TeleTrade, Fix Trade and TrustForex.
The decision follows the revocation of the Forex dealer licenses of these five companies by the Central Bank of Russia. The regulator explained that the five brokers had repeatedly violated the Russian securities law. The violations range from providing false accounting statements to failures to follow the instructions issued by the Central Bank.
Under the Russian laws, licensed FX companies have to be members of an SRO. Unlicensed companies cannot be members of the FX SRO. Hence, the move by the Association is in line with the law.

"Alpari Forex failed to follow the instructions of the Central Bank of Russia. The company committed violations in the way it handled its internal accounting. The company also provided false accounting data and committed violations when handling risks."
In trading, you have to be defensive and aggressive at the same time
  • #24,908
  • Feb 7, 2019 1:53pm Feb 7, 2019 1:53pm
Quoting ToddyS2K
{quote} Better to wait tomorrow, no good CAD employment numbers are coming...
Thanks for being aware of it!!! Great! my posts are not wasted
In trading, you have to be defensive and aggressive at the same time
  • #24,909
  • Feb 7, 2019 1:56pm Feb 7, 2019 1:56pm
[quote = Davit; 11976874] {quote} Bienvenido de nuevo Fibo Eres una máquina de dinero [/ quote]
Thank you.
You, if you are a machineYou are the boss
I still not so much. I still have a lot to learn ... this is a long journey
  • #24,910
  • Feb 7, 2019 1:59pm Feb 7, 2019 1:59pm
second chance to cash in on EA (missed the 1st time thanks Oanda
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM5.png Size: 31 KB
In trading, you have to be defensive and aggressive at the same time
  • #24,911
  • Feb 7, 2019 2:01pm Feb 7, 2019 2:01pm
Quoting Davit
{quote} They were told to shut down operations in Russia and I suspect there are Russian own... https://financefeeds.com/russian-for...de-trustforex/ The Association of Forex dealers, the Russian Forex self-regulatory organization (SRO), has earlier today announced that it is terminating the membership of five companies: Alpari Forex, Forex Club, TeleTrade, Fix Trade...
Thank you for your detailed response, It seems I might as well look for diversification.
Nothing fucks you harder than Time
  • #24,912
  • Feb 7, 2019 2:04pm Feb 7, 2019 2:04pm
Quoting Wolfy.trader
{quote} Thank you for your detailed response, It seems I might as well look for diversification.
I would not panic but I would be concern if my broker holding my money is being kicked out of a country for violations of providing false data...
In trading, you have to be defensive and aggressive at the same time
  • #24,913
  • Feb 7, 2019 2:08pm Feb 7, 2019 2:08pm
My guns are getting ready not for UC but for EC (cheaper and weaker fundamentals then USD)
Should reach 61R that would be a killer set up
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH4.png Size: 42 KB
In trading, you have to be defensive and aggressive at the same time
  • #24,914
  • Feb 7, 2019 2:10pm Feb 7, 2019 2:10pm
Quoting 19lexicon78
@Davit which of the 2 is most important, your own news prognoses or pivot points? iow which of the two is the most important/leading variable in your system/thinking?
Pivots!
In trading, you have to be defensive and aggressive at the same time
  • #24,915
  • Feb 7, 2019 2:19pm Feb 7, 2019 2:19pm
Davit, what are your thoughts on the upcoming RBA Monetary Policy Statement which will hit the wires in about 4.5 hrs?

In on several AUD trades from the pivots, I'm thinking about closing the trades as I won't be online when the news hits. However I might just put stops under the trade and let it roll if you have strong thoughts that the RBA effect will likely strengthen AUD.

Thanks in advance.
  • #24,916
  • Feb 7, 2019 2:23pm Feb 7, 2019 2:23pm
Quoting asyurei3
Davit, what are your thoughts on the upcoming RBA Monetary Policy Statement which will hit the wires in about 4.5 hrs? In on several AUD trades from the pivots, I'm thinking about closing the trades as I won't be online when the news hits. However I might just put stops under the trade and let it roll if you have strong thoughts that the RBA effect will likely strengthen AUD. Thanks in advance.
This is lesser statement real statement was on Monday Rate Statement this one if anything may produce bullish response since Lowe already took care of the plunge.Now its correction time.
In forex there is always push and pull action.Strong move following corrections.Remember last week USD got spanked this week she is killing left and right.
Its important to notice these things
In trading, you have to be defensive and aggressive at the same time
  • #24,917
  • Feb 7, 2019 2:28pm Feb 7, 2019 2:28pm
Quoting Davit
{quote} Oscillator divergence is the biggest myth.Has nothing to do with algos or MM placing their orders. You are better off ignoring it.Oscillator basically calculates rate of price movement.That's all.

Thanks Davit for the response I am still breaking old habits. Still going through all of the post on this thread and there are a ton and taking it all in. I am posting just to get feed back because the only way to learn is in real time. Its very easy to see once the candles have printed in hind-site.
  • #24,918
  • Feb 7, 2019 2:35pm Feb 7, 2019 2:35pm
Quoting Nextgendad
{quote} Thanks Davit for the response I am still breaking old habits. Still going through all of the post on this thread and there are a ton and taking it all in. I am posting just to get feed back because the only way to learn is in real time. Its very easy to see once the candles have printed in hind-site.
In all honesty Pivots come closest to beat of the market in my opinion. MM placing large orders push prices then taking profits and going opposite direction.
When you understand as Mark Douglas says "dynamic traders" who move price lots frivolous things become obvious.
In trading, you have to be defensive and aggressive at the same time
  • #24,919
  • Feb 7, 2019 2:45pm Feb 7, 2019 2:45pm
Be lucky you don't have a Moron leading you! Nothing worse when a cheap skunk promising paradise with alternative motives or pure stupidity
number of idiots in this business is staggering.When someone says I promise you to turn 1k into 64k in 1year just run away.You are dealing with an idiot.
Unfortunately lots of new traders get hooked on garbage and blow their hard earned money with high leverage trading.That's what idiots promise.
I gave my son 500 to trade and told him.Your goal is not to blow it for 3 months never mind profits just survive for 3months!
In trading, you have to be defensive and aggressive at the same time
  • #24,920
  • Feb 7, 2019 2:47pm Feb 7, 2019 2:47pm
Quoting ppxdf
lets see R38 on EA this time. so far, so good.
yeap,
once again,
It seems bulls are on R38
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