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Pivot Trading

  • #25,361
  • Feb 15, 2019 9:45am Feb 15, 2019 9:45am
Quoting Halfcents
At Resistance 78, and a nice W formation. Reason for going long...Also a vacuum betwn R61 and R38. Looking to see if it will hit the R38 {image}
looks good hold it to next week
NZD as usual is overbought
In trading, you have to be defensive and aggressive at the same time
  • #25,362
  • Feb 15, 2019 9:49am Feb 15, 2019 9:49am
Is anybody else in to the NC ?
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Just trying to put a kiss on the cheek of success
  • #25,363
  • Feb 15, 2019 9:55am Feb 15, 2019 9:55am
hoping for a pop to s38...lots of room to run but Friday leaves me wondering if I should bank.....
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  • #25,364
  • Feb 15, 2019 9:56am Feb 15, 2019 9:56am
EU is like dead horse keep being kicked In this case still fighting not to be branded by MM
can't even manage 1270
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In trading, you have to be defensive and aggressive at the same time
  • #25,365
  • Feb 15, 2019 10:00am Feb 15, 2019 10:00am
Quoting Swede
hoping for a pop to s38...lots of room to run but Friday leaves me wondering if I should bank..... {image}
USD bulls are still in control so I would take TP but its your trade if you do and goes higher don't blame me
In trading, you have to be defensive and aggressive at the same time
  • #25,366
  • Feb 15, 2019 10:05am Feb 15, 2019 10:05am
just took profit at WP

thx Davit for what you are sharing here, I don't post often as much as I'd like too because my english is not good enough to me and also because of my job but I'm very grateful to you
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  • #25,367
  • Feb 15, 2019 10:08am Feb 15, 2019 10:08am
Closed some more on EU short money for swap over the weekend
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In trading, you have to be defensive and aggressive at the same time
  • #25,368
  • Feb 15, 2019 10:09am Feb 15, 2019 10:09am
Quoting TamRoofer
just took profit at WP thx Davit for what you are sharing here, I don't post often as much as I'd like too because my english is not good enough to me and also because of my job but I'm very grateful to you {image}
Nice Execution!Continue honing your skills
In trading, you have to be defensive and aggressive at the same time
  • #25,369
  • Feb 15, 2019 10:09am Feb 15, 2019 10:09am
Quoting Davit
{quote} USD bulls are still in control so I would take TP but its your trade if you do and goes higher don't blame me
Thanks Davit...yes I was starting to unwind...profits just too nice to see evaporate...only holding a few lots as runners now but will unwind the rest at taget or nearby....
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  • #25,370
  • Feb 15, 2019 10:10am Feb 15, 2019 10:10am
Quoting Davit
{quote} USD bulls are still in control so I would take TP but its your trade if you do and goes higher don't blame me
Dont say that Davit i Just started buying, like getting dressed to party all excited and everyone leaving, please stay for one more drink.
  • #25,371
  • Feb 15, 2019 10:13am Feb 15, 2019 10:13am
Quoting TamRoofer
just took profit at WP thx Davit for what you are sharing here, I don't post often as much as I'd like too because my english is not good enough to me and also because of my job but I'm very grateful to you {image}
Nicely done, its inspiring.
Just trying to put a kiss on the cheek of success
  • #25,372
  • Feb 15, 2019 10:14am Feb 15, 2019 10:14am
Quoting RieseP
{quote} Dont say that Davit i Just started buying, like getting dressed to party all excited and everyone leaving, please stay for one more drink.
buying what? Hope not EU That horse is getting branded lower and lower
EC hits 1.50 selling it again most likely
I am done buying Euro.Basically my bias is sell through crosses like EC EA
Numbers all red all month on Euro block and Brexit drama is getting deeper
In trading, you have to be defensive and aggressive at the same time
  • #25,373
  • Feb 15, 2019 10:16am Feb 15, 2019 10:16am
Quoting Davit
{quote} buying what? Hope not EU That horse is getting branded lower and lower EC hits 1.50 selling it again most likely
I opened the trades yesterday, in DD at the moment, but i bought GU
  • #25,374
  • Edited 10:36am Feb 15, 2019 10:18am | Edited 10:36am
Quoting Davit
{quote} USD bulls are still in control so I would take TP but its your trade if you do and goes higher don't blame me
Basically US president giving a speech now, announcing an emergency to fund the wall. He started speech with saying that US making a trade deal and supporting UK no matter whether brexit or not. So GBP is starting to go on a run, it probably will have some legs seeing how GBP been pushed down so much lately.

I do have some bias as I'm long GBP/NZD and GBP/USD all in profit. (Smaller than normal position sizes on high ADR pairs.)

EDIT: There is some swap to pay on these pairs, going into the weekend now. I only have $4 in profit for the day, so will cash this out and will make about 1K and change. Have a good weekend everyone. Everyone need to manage their own trades, I have other trades I'm holding over the weekend, I need to make sure I'm well balanced and will be able to sleep and enjoy time with my family; really bad to stressing about trades all weekend long and try to support/ead a family thru that.
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  • #25,375
  • Feb 15, 2019 10:22am Feb 15, 2019 10:22am
Quoting asyurei3
{quote} Basically US president giving a speech now, announcing an emergency to fund the wall. He started speech with saying that US making a trade deal and supporting UK no matter whether brexit or not. So GBP is starting to go on a run, it probably will have some legs seeing how GBP been pushed down so much lately. I do have some bias as I'm long GBP/NZD and GBP/USD all in profit. (Smaller than normal position sizes on high ADR pairs.) {image} {image}
Nice spot buying. This is what this thread is about a road map to
I don't trade it but looks good
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In trading, you have to be defensive and aggressive at the same time
  • #25,376
  • Feb 15, 2019 10:59am Feb 15, 2019 10:59am
I took off my AUD/NZD trade with some profit.

The position was getting to full size and I just prefer to clean up a lot of trades before the weekend.

I just can't shake the thought that there is more bloodshed coming still to this pair. So instead of worrying about how Monday's AUD meeting notes will effect it I'll take some small dollars and run. This will allow me to sleep at night. I will buy back in if the news Monday night gives the chance.

Another big thing for me is Monday is a holiday so US trading session will be very light; so the AUD news Monday night might get really exaggerated.

Best wishes to all, and happy pivot trading!
  • #25,377
  • Feb 15, 2019 11:08am Feb 15, 2019 11:08am
Quoting asyurei3
I took off my AUD/NZD trade with some profit. The position was getting to full size and I just prefer to clean up a lot of trades before the weekend. I just can't shake the thought that there is more bloodshed coming still to this pair. So instead of worrying about how Monday's AUD meeting notes will effect it I'll take some small dollars and run. This will allow me to sleep at night. I will buy back in if the news Monday night gives the chance. Another big thing for me is Monday is a holiday so US trading session will be very light; so the AUD...
very wise decision from you! this is clearly the way a good trader should act!
  • #25,378
  • Feb 15, 2019 11:18am Feb 15, 2019 11:18am
Hold or fold. Let the market decide.
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  • #25,379
  • Feb 15, 2019 11:58am Feb 15, 2019 11:58am
All I can say to Davit is Thank You. It took me 6 months to get here. Learning PA was difficult but worth it!! I have also learned to be patient in this business.
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  • #25,380
  • Feb 15, 2019 12:04pm Feb 15, 2019 12:04pm
For what its worth, I opened a Demo Account last month (Jan 15) to trade this method only. Ok, its a demo account so one tends to take a few chances one normally wouldn't., but I really tried to trade as though this was my money on the line. Some trades were sloppy, others were brilliant thanks to this method. I traded only small lots (max .10) with only a couple of exceptions when I got caught off guard with Aud. (I bought my way out to profit but really didn't need too as Aussie retraced back into profit anyway as I thought it would) Conclusion? This is the best method ever for controlling losses, taking profits, and calmly trading ones risk tolerance. Like anything worth doing, it takes work, thought and understanding of fundamentals and technicals but once mastered it is very powerful......Thanks Davit
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