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Pivot Trading

  • #25,141
  • Feb 12, 2019 7:35pm Feb 12, 2019 7:35pm
Quoting Davit
{quote} What was your UJ sell number
first order at 110.43 right under 100 pivot. I ma trying to take screen shots, but i have 2 monitors and havent figure out how to take it
  • #25,142
  • Feb 12, 2019 7:36pm Feb 12, 2019 7:36pm
I took the fade trade off the pivots. I'm a winner. All the NZD pairs.

Thanks Davit for your thread and teachings!
  • #25,143
  • Feb 12, 2019 7:38pm Feb 12, 2019 7:38pm
Quoting Davit
{quote} Why don't you look at the calendar and see if there are red news on USD this week and perhaps think about your question from that info as a background. Seriously have you been reading here or sleep walking! The 5 Fundamental Truths of Trading:Mark Douglas 1. Anything can happen. 2. You don’t need to know what is going to happen next to make money. 3. There is a random distribution between wins and losses for any given set of variables that define an edge. 4. An edge is nothing more than an indication of a higher probability of one thing...
There is news tomorrow and on Thursday for USD, the only concern I has was that sometimes a pair spikes up or down to complete a formation and does a complete retrace.
  • #25,144
  • Feb 12, 2019 7:39pm Feb 12, 2019 7:39pm
Quoting denisius
{quote} first order at 110.43 right under 100 pivot. I ma trying to take screen shots, but i have 2 monitors and havent figure out how to take it
you are good hold.Nothing to be concern
In trading, you have to be defensive and aggressive at the same time
  • #25,145
  • Feb 12, 2019 7:41pm Feb 12, 2019 7:41pm
Quoting FrankieShova
{quote} There is news tomorrow and on Thursday for USD, the only concern I has was that sometimes a pair spikes up or down to complete a formation and does a complete retrace.
and what's your solution to what you described
In trading, you have to be defensive and aggressive at the same time
  • #25,146
  • Feb 12, 2019 7:42pm Feb 12, 2019 7:42pm
Quoting Nextgendad
{quote} Mine would be the R138 There is a 61.8 Fib setting there from the last swing high to swing low so 110.800 has and remains my sell target
i see your point. And i would extend my wait time to that level as well. Its not a problem. And logicaly in this case it would be right thing to do. I can wait another 300 pips and still catch another swing next week. Point of this startegy was " as soon as price crosses 100 pivot, that is considered as a strong trend supported fundamentally". Davit figured different approach. I spent year to learn that approach. All good now.
  • #25,147
  • Feb 12, 2019 7:42pm Feb 12, 2019 7:42pm
Quoting FrankieShova
{quote} There is news tomorrow and on Thursday for USD, the only concern I has was that sometimes a pair spikes up or down to complete a formation and does a complete retrace.
Numbers 1. 2. and 5. apply to your question.

The 5 Fundamental Truths of Trading:Mark Douglas
1. Anything can happen.

2. You don’t need to know what is going to happen next to make money.

3. There is a random distribution between wins and losses for any given set of
variables that define an edge.

4. An edge is nothing more than an indication of a higher probability of one thing
happening over another.

5. Every moment in the market is unique.

Might seem we all avoiding to tell you specifics but truth is 1. 2. and 5. apply all else is anyone's quess, prediction or gamble.
Invest in Life
  • #25,148
  • Feb 12, 2019 7:43pm Feb 12, 2019 7:43pm
Quoting Davit
{quote} you are good hold.Nothing to be concern
appreciate it. i posted earlier my point of view on it.
  • #25,149
  • Feb 12, 2019 7:44pm Feb 12, 2019 7:44pm
Quoting Davit
{quote} and what's your solution to what you described
It broke the WP, I am putting my stop loss and let it run
  • #25,150
  • Feb 12, 2019 7:47pm Feb 12, 2019 7:47pm
Quoting FrankieShova
{quote} It broke the WP, I am putting my stop loss and let it run
now you understand how inappropriate your question was Right?Nobody knows the future! We are playing with probabilities!
Concern is wrong mindset. Trading is not about concerns its about EXECUTION!
Its going to take you years to get the meaning of what I said fully.
In trading, you have to be defensive and aggressive at the same time
  • #25,151
  • Feb 12, 2019 7:47pm Feb 12, 2019 7:47pm
Quoting denisius
{quote} i see your point. And i would extend my wait time to that level as well. Its not a problem. And logicaly in this case it would be right thing to do. I can wait another 300 pips and still catch another swing next week. Point of this startegy was " as soon as price crosses 100 pivot, that is considered as a strong trend supported fundamentally". Davit figured different approach. I spent year to learn that approach. All good now.
One thing on our side is that anything over R100 is not fundamentally supported...and news might print positive

WED Feb 13
5:50pm JPY Prelim GDP q/q 0.4%-0.6%

so it is highly probable that it has to go south.
Invest in Life
  • #25,152
  • Feb 12, 2019 7:49pm Feb 12, 2019 7:49pm
Quoting Davit
{quote} Nobody knows the future! We are playing with probabilities! Concern is wrong mindset. Trading is not about concerns its about EXECUTION! Its going to take you years to get the meaning of what I said fully.
You must add this to First Post.

This is as good advice as I have ever seen.
Invest in Life
  • #25,153
  • Feb 12, 2019 7:54pm Feb 12, 2019 7:54pm
Quoting Mundo
{quote} One thing on our side is that anything over R100 is not fundamentally supported...and news might print positive WED Feb 13 5:50pm JPY Prelim GDP q/q 0.4%-0.6% so it is highly probable that it has to go south.
EXACTLY BROTHER. That's why i said" LOGICALLY ".

Ok, excitement time is over, now back to work.Good time to look for U entries( not affected by NZD News). UC, AU and maybe even GU. Tomorrow CPI, Thursday "Core Retail"- very good numbers to look for . Also would be a good projection on where is US Inflation is moving. I still think U will crash. Just need to find a right time and place.
  • #25,154
  • Feb 12, 2019 7:54pm Feb 12, 2019 7:54pm
Quoting Davit
{quote} now you understand how inappropriate your question was Right?Nobody knows the future! We are playing with probabilities! Concern is wrong mindset. Trading is not about concerns its about EXECUTION! Its going to take you years to get the meaning of what I said fully.
$1.00 is better than $0.oo, Stoploss in profit and sleep easy
  • #25,155
  • Feb 12, 2019 7:57pm Feb 12, 2019 7:57pm
good nigh everyone. My computer smoking already!!!
  • #25,156
  • Feb 12, 2019 8:06pm Feb 12, 2019 8:06pm
Quoting Davit
{quote} you are good hold.Nothing to be concern
I hope...
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 14 KB

The second one is good ...
Attached Image (click to enlarge)
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And you will leave pain to take care of itself.
  • #25,157
  • Feb 12, 2019 8:15pm Feb 12, 2019 8:15pm
very fast move on NJ & NU , TP reach in 2 minutes.
Attached Image(s) (click to enlarge)
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  • #25,158
  • Feb 12, 2019 8:38pm Feb 12, 2019 8:38pm
Closed AJ +2379
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPYM30.png Size: 39 KB
Click to Enlarge Name: Capture.PNG Size: 42 KB
In trading, you have to be defensive and aggressive at the same time
  • #25,159
  • Feb 12, 2019 8:39pm Feb 12, 2019 8:39pm
Quoting Davit
Closed AJ +2379 {image} {image}

We obey the structure that results from the market's reaction
  • #25,160
  • Feb 12, 2019 8:42pm Feb 12, 2019 8:42pm
Quoting Davit
Closed AJ +2379 {image} {image}
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