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Pivot Trading

  • #25,541
  • Feb 19, 2019 5:37am Feb 19, 2019 5:37am
EUR under pressure. may be becouse of This
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  • #25,542
  • Feb 19, 2019 5:38am Feb 19, 2019 5:38am
Quoting cHerawit
{quote} Don’t wanna argue but Davit did’t like MA, SMA. Just deleted it when you want to post here. regards
I'll tell you a secret, the indicator TDI uses the MA. And I do not think that Davit will be categorical, he understands that I use them for other purposes, of course here I will not display them anymore. I'm not against. Rules, there are rules. Let's wait for what Davit will say. It is a problem or not...
When you do not understand what to do, do not do anything.
  • #25,543
  • Feb 19, 2019 6:13am Feb 19, 2019 6:13am
Took a short position on EN.
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I will do my best!
  • #25,544
  • Edited 6:39am Feb 19, 2019 6:22am | Edited 6:39am
Quoting Erebus
{quote} why the focus on HUGE numbers of pips when it's only 0.01 lot, with many positions, do the math same as 16 pips on 1 lot isn't it? good for ego is about all really
For me this is not the amount of money I win which count here. The biggest edge Pivot trading gives is dealing with the amount of fear most people get on bigger lots with smaller SL : the reality here is that those small amount helps people and me to get in the trade , stay in the trade and win them.
The more I win the more I get confident to let the trade run and deal with bigger amounts
Mark Douglas video posted this w.e define the problem really well
  • #25,545
  • Feb 19, 2019 6:25am Feb 19, 2019 6:25am
I'm focused on EUR/GBP ATM, looks like this will get interesting to me first.

I'll start picking up at S100, I think has a fair chance to get there today or tomorrow, I would likely think there would be a chance to pick up EUR/USD about the same time.

I will keep an eye on a few other EUR pairs, as they should mostly all bottom out about the same time some others might look good too then.

Looking for the slam dunk of the week, but must chill and not rush into the trade.

Reflecting back at my trading last week, made lots of mistakes I'm aware of them. Don't over think your mistakes, work to stay level headed, not too down on yourself and not too excited about yourself; that is when mistakes happen more often at your personal mental highs and lows.
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  • #25,546
  • Feb 19, 2019 6:48am Feb 19, 2019 6:48am
Quoting pipsit
{quote} For me this is not the amount of money I win which count here. The biggest edge Pivot trading gives is dealing with the amount of fear most people get on bigger lots with smaller SL : the reality here is that those small amount helps people and me to get in the trade , stay in the trade and win them. The more I win the more I get confident to let the trade run and deal with bigger amounts Mark Douglas video posted this w.e define the problem really well
I think his point was more that the amount of trades he had taken were over the top, 65 short positions on a single trade. When we talk about breaking down fear and reducing risk by decreasing lot size and placing multiple trades were talking of breaking 1 trade into something like 10 mini lots. This allows us to add on continuations of trends, pullbacks/retests and news events that are in confluence with our bias, in turn reducing our fear of the trade going against us. I can imagine that managing 65 positions per pair could get very hectic. After a certain extent all it does is increase your pip count. I think he understands the concept that's why he suggested that 16 would be enough at 1.0 per lot. Just my opinion.
  • #25,547
  • Feb 19, 2019 7:10am Feb 19, 2019 7:10am
Stick to discussing the pivots and PA.
No use arguing about what is irrelevant.
  • #25,548
  • Feb 19, 2019 7:41am Feb 19, 2019 7:41am
Closed trade UC, I had originally set a TP just above S38 but the consolidation on Monday 18th concerned me and given the lack of USD or CAD news this week until Thursday I wasn't confident price was going to continue to drive South. As it happened price has moved up slightly, will it move south again? Keeping an eye on it.
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Running trade NC, I set my TP just above the 50.0 fib retracement of the previous swing. I didn't want to aim for the 61.8 retracement as I could see a lot of previous support on H4. Again, no major news until CAD on Thursday so just a technical trade with no fundamental drivers except NZD being strong last week gave a nice high to short off.
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  • #25,549
  • Feb 19, 2019 8:00am Feb 19, 2019 8:00am
Nearly 4 hours ago I published a post for my NU & NC shorts closing. I'm going to publish those screenshots again to show the deadly surgical precision of the weekly fib pivots. You can call it laser trading, PA bounced at the WPP almost to the pip where I set my TP but had no patience to wait for it.
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Porta itineris dicitur longissima esse
  • #25,550
  • Feb 19, 2019 8:34am Feb 19, 2019 8:34am
Quoting asyurei3
I'm focused on EUR/GBP ATM, looks like this will get interesting to me first. I'll start picking up at S100, I think has a fair chance to get there today or tomorrow, I would likely think there would be a chance to pick up EUR/USD about the same time. I will keep an eye on a few other EUR pairs, as they should mostly all bottom out about the same time some others might look good too then. Looking for the slam dunk of the week, but must chill and not rush into the trade. Reflecting back at my trading last week, made lots of mistakes I'm aware of...
S100 is good, but for me, S61-78 is worth building first positions now
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  • #25,551
  • Feb 19, 2019 8:47am Feb 19, 2019 8:47am
Gold at new highs. Could be a signal of impending UJ weakness?
FOMC minutes tomorrow will tell all.
Are you ready for it?

I know trading the dragon is frowned upon here, but GJ shorts are almost too good to pass up as R61 in sight.
  • #25,552
  • Feb 19, 2019 9:44am Feb 19, 2019 9:44am
Quoting Pivoteer601
Stick to discussing the pivots and PA. No use arguing about what is irrelevant.
you don't decide what is relevant with 4posts

removed
In trading, you have to be defensive and aggressive at the same time
  • #25,553
  • Feb 19, 2019 9:44am Feb 19, 2019 9:44am
Quoting asyurei3
I'm focused on EUR/GBP ATM, looks like this will get interesting to me first. I'll start picking up at S100, I think has a fair chance to get there today or tomorrow, I would likely think there would be a chance to pick up EUR/USD about the same time. I will keep an eye on a few other EUR pairs, as they should mostly all bottom out about the same time some others might look good too then. Looking for the slam dunk of the week, but must chill and not rush into the trade. Reflecting back at my trading last week, made lots of mistakes I'm aware of...
Quoting Wasuka
{quote} S100 is good, but for me, S61-78 is worth building first positions now {image}
I'm looking on EURGBP too ...
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And you will leave pain to take care of itself.
  • #25,554
  • Feb 19, 2019 9:45am Feb 19, 2019 9:45am
Quoting nezis
{quote} Hi Davit, I'm waiting for the breakdown, while I think early. {image}
please remove MA's or find relevant system that uses but not here
Thank you and last warning.
In trading, you have to be defensive and aggressive at the same time
  • #25,555
  • Feb 19, 2019 9:56am Feb 19, 2019 9:56am
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  • #25,556
  • Feb 19, 2019 10:11am Feb 19, 2019 10:11am
EC worth watching for possible shorts...
"In the end you only trade yourself."
  • #25,557
  • Edited 11:01am Feb 19, 2019 10:32am | Edited 11:01am
Quoting From0toHero
i bouth a few EU 1.1285 SL 1.25 TP ???
ME, I go south.
I also think, the USD should drift back from relatively those
elevated levels
I go south with EC
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  • #25,558
  • Feb 19, 2019 10:34am Feb 19, 2019 10:34am
AC+522
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In trading, you have to be defensive and aggressive at the same time
  • #25,559
  • Feb 19, 2019 10:40am Feb 19, 2019 10:40am
Quoting Davit
AC+522 {image}
So the first thought from last night was actually accurate? About AUD moves. I missed it. Great job Davit. No doubts- you see trade you take trade.
  • #25,560
  • Feb 19, 2019 10:41am Feb 19, 2019 10:41am
Quoting Davit
AC+522 {image}
Gotta love it! Excellent execution and position building, trying to learn from you
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