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Pivot Trading

  • #25,201
  • Feb 13, 2019 2:55pm Feb 13, 2019 2:55pm
US dollar strong beyond expectations, at least mine.
Porta itineris dicitur longissima esse
  • #25,202
  • Feb 13, 2019 2:56pm Feb 13, 2019 2:56pm
Quoting bubincka
US dollar strong beyond expectations, at least mine.
Agree, what goes up MUST come down
We obey the structure that results from the market's reaction
  • #25,203
  • Feb 13, 2019 3:11pm Feb 13, 2019 3:11pm
Quoting Egbert
{quote} Agree, what goes up MUST come down
at R200 unfortunately but i think it drop heavy
  • #25,204
  • Feb 13, 2019 3:54pm Feb 13, 2019 3:54pm
Quoting Mundo
{quote} That is because trading has nothing to do with feelings, thoughts, and/or self. This is why Davit mentioned on an earlier post the importance of EXECUTION. No matter what goes on, how one feels, or thinks if we execute the system as it is designed (since it is a profitable system) then we do it instinctively, we give ourselves a chance to enter on high probability trades and on a large range of trades we will be profitable traders. We check news beginning of week...we wait for the appropriate news event, check where pair is at in relation...

Very Well put Mundo
  • #25,205
  • Feb 13, 2019 4:38pm Feb 13, 2019 4:38pm
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  • #25,206
  • Feb 13, 2019 4:48pm Feb 13, 2019 4:48pm
Quoting snail69
{quote} That is only good. Beating the hell of it of the way down. NJ. Closed. {image}
Welcome back Snail as you know I admire your work here!Hope you stay and pile the pips as you usually do!
In trading, you have to be defensive and aggressive at the same time
  • #25,207
  • Feb 13, 2019 5:45pm Feb 13, 2019 5:45pm
Quoting RieseP
i feel like i should pulled the plug on this instead i am in DD. {image}
I was short as well at R100, once it broke back above it I threw in the towel asap.
Trade with confidence, trade without fear.
  • #25,208
  • Edited 10:47pm Feb 13, 2019 5:46pm | Edited 10:47pm
Once again !!
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  • #25,209
  • Feb 13, 2019 5:56pm Feb 13, 2019 5:56pm
We got Retail sales Tomorrow basically market is pricing in the "good News"
Stops taken carnage throughout why I spread my orders. I don't fall for it. Keep your lots small and trade with mini orders.I can easily trade with full lots but that would be foolish and what MM and my broker wants.
Be agile, flexible so you can take the punches and come back unscarred.
In trading, you have to be defensive and aggressive at the same time
  • #25,210
  • Feb 13, 2019 5:57pm Feb 13, 2019 5:57pm
recommend EU long now
lets put this another way.What is the probability price hitting 13xxx+ next 24hrs.I would say 80%
In my pivot system its high probability trade set up.Its that simple.
In trading, you have to be defensive and aggressive at the same time
  • #25,211
  • Edited 6:33pm Feb 13, 2019 5:59pm | Edited 6:33pm
Finally took a few small positions on UJ R161 price action above and breaking below lets see if it holds
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  • #25,212
  • Feb 13, 2019 6:15pm Feb 13, 2019 6:15pm
I also wanted to take the time to say a BIG Thank you to Davit of course but also to the Veteran posters in this tread as well you all are a huge part here and make this tread There are several of you who I wont try to name because I would forget someone. As I am slowly working my way through all of the post here It becomes clear who to pay attention to their post and who NOT too. Thank you all so much for all of the knowledge you share. One hell of a team here that I am looking forward to contributing too as I grow in this method.

If you are new here I can't say it enough don't just pass by and not put in any work AKA going through the post I promise you the 's to being a profitable trader are right here there is no reason to look anywhere else. You just have to take advantage of the knowledge shared here


Thanks to all of you again
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  • #25,213
  • Feb 13, 2019 6:46pm Feb 13, 2019 6:46pm
EURCAD and CADJPY Looking interesting
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  • #25,214
  • Feb 13, 2019 7:13pm Feb 13, 2019 7:13pm
Quoting Nextgendad
EURCAD and CADJPY Looking interesting {image} {image}
I recommend not shorting CJ and not buying EC
Both pairs should be traded one direction until major R/S
EC should be shorted and CJ should be long.Better let market makers do the heavy lifting.This will make more sense once you understand value of positive swap.
So what I do if I like a pair to long like CJ NJ AJ I let the market drive it down then I buy at +swap with better positions (read larger lots)

When you look at weekly chart there is obviously lot more room to go up so its imperative your direction should be buy on dips.Trend is up if you want to go even bigger chart monthly
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In trading, you have to be defensive and aggressive at the same time
  • #25,215
  • Feb 13, 2019 7:24pm Feb 13, 2019 7:24pm
Quoting Davit
{quote} I recommend not shorting CJ and not buying EC Both pairs should be traded one direction until major R/S EC should be shorted and CJ should be long.Better let market makers do the heavy lifting.This will make more sense once you understand value of positive swap. So what I do if I like a pair to long like CJ NC AJ I let the market drive it down then I buy at +swap with better positions (read larger lots) When you look at weekly chart there is obviously lot more room to go up so its imperative your direction should be buy on dips.Trend is...

Thank you Davit I still have a lot to learn and will read that
  • #25,216
  • Edited 7:49pm Feb 13, 2019 7:33pm | Edited 7:49pm
Quoting Nextgendad
{quote} Thank you Davit I still have a lot to learn and will read that
This idea of one direction trading is not new (nothing in trading is)
I took the concept from this book
"Bird watching in Lion Country", by Dr. Dirk Du Toit
Highly misunderstood book.I thought it was a goldmine of ideas.Like Art I am influenced from others.I recommend to read it.

He calls low leverage trading "low gearing" Another concept took from him.
When you are ready right ideas come to you because you are ripe for it.Its same in Art.There is no point teaching figure drawing to someone who cant draw an apple.Why I dislike working with fresh new traders.They must be ready to receive the "training"
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Attached File(s)
File Type: pdf The Bird Watching Lion Country - Unknown.pdf   1.9 MB | 1,447 downloads
In trading, you have to be defensive and aggressive at the same time
  • #25,217
  • Feb 13, 2019 7:46pm Feb 13, 2019 7:46pm
Quoting Davit
{quote} Welcome back Snail as you know I admire your work here!Hope you stay and pile the pips as you usually do!
Davit, thank you for the kind words.
  • #25,218
  • Feb 13, 2019 7:57pm Feb 13, 2019 7:57pm
Quoting Davit
{quote} This idea of one direction trading is not new (nothing in trading is) I took the concept from this book "Bird watching in Lion Country", by Dr. Dirk Du Toit Highly misunderstood book.I thought it was a goldmine of ideas.Like Art I am influenced from others.I recommend to read it. He calls low leverage trading "low gearing" Another concept took from him. When you are ready right ideas come to you because you are ripe for it.Its same in Art.There is no point teaching figure drawing to someone who cant draw an apple.Why I dislike working with...


Wow awesome thanks for sharing the PDF
  • #25,219
  • Feb 13, 2019 8:14pm Feb 13, 2019 8:14pm
lets hear one of my old time favorite bands and song.
Saw them in LA live
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #25,220
  • Feb 13, 2019 9:45pm Feb 13, 2019 9:45pm
Taking care of Swaps Fees was one of the things I learned here.
Davit makes a lot of money and sometimes pays for swaps fees.
I was on the other side. I lost my money and still paid high swaps fees. kkk
Today I learned that. Trying to pay less swaps fees is an important way to make more money.
I always check the swaps fees, in this link
https://www.xm.com/forex-calculators/swaps
If I hold a position too long, at least I have positive swaps and do not need to win many trades just to pay swaps fees.
Many thanks Davit
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