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Pivot Trading

  • #25,881
  • Feb 22, 2019 4:04am Feb 22, 2019 4:04am
UJ has been ranging all month and to demonstrate how one can trade even tight range.
Here is my stat on UJ this month.
Just to show just because something does not move a lot does not mean its not trade worthy. Already mentioned here many times I love rangy pairs

Notice top performers are commodity pairs When I post something I back it up.Have mentioned here several times I love trading commodity pairs and their relative crosses. Don't have single GU trade....Not an accident.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #25,882
  • Feb 22, 2019 4:16am Feb 22, 2019 4:16am
Yesterday evening my AC long was closed by trade manager on a sudden move at WS38 where I set my TP.

Today I've just closed my EG long even if I see there's more room the upside, but bad IFO even if it was expected weakens EUR. In addition Brexit talks on the background make me feel uncomfortable to keep GBP trades open therefore I closed my GA short too for the reasons above. Then I closed my EA short because it can't go under WR38 and it's turning against me.

It's Friday, these are good profits, I don't want to give nothing back (quote from Husky77 ).
The only small regret is that I couldn't enter on the GC short when it went back to WR78, but when there are so many setups you can't get them all.

At these levels, with many pairs overstretched there are good chances to reenter.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURGBPH1.png Size: 37 KB
Click to Enlarge Name: GBPAUDM30.png Size: 39 KB
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Porta itineris dicitur longissima esse
  • #25,883
  • Feb 22, 2019 4:19am Feb 22, 2019 4:19am
Quoting Egbert
{image}
There is no point of selling AC when price already has reached S100 and going up since then.I prefer you stay on principles this system is based upon.You might get lucky here and there but over larger sample size this is losing.
In trading, you have to be defensive and aggressive at the same time
  • #25,884
  • Feb 22, 2019 4:21am Feb 22, 2019 4:21am
Quoting thegrimreape
A fair caution to the majority of pivoteers who are trading with IC Markets. I believed they're not pure ECN as advertised and are a Market Maker in disguise. Based on their advertisement, the spreads ought to be 1 pip for GU, see what occurred on my ECN account? This is crazy. I know I should not be sharing such incident here, however, is this even normal for an ECN account? {image} {image}
I think GU like others spread always depends on the sessions...currently in the european session I get 0.0-0.4 spread on IC Markets.
I never lose - either I win or I learn...
  • #25,885
  • Edited 2:22pm Feb 22, 2019 4:32am | Edited 2:22pm
Opened position on AUDNZD looking to book profit at pivot if i spot weakness. Reason for entry ADR red, A half batman pattern and price couldnt take out previous high. Was hoping for price to hit the R38 but failed.
Attached Image (click to enlarge)
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  • #25,886
  • Feb 22, 2019 4:33am Feb 22, 2019 4:33am
Quoting bubincka
Yesterday evening my AC long was closed by trade manager on a sudden move at WS38 where I set my TP. Today I've just closed my EG long even if I see there's more room the upside, but bad IFO even if it was expected weakens EUR. In addition Brexit talks on the background make me feel uncomfortable to keep GBP trades open therefore I closed my GA short too for the reasons above. Then I closed my EA short because it can't go under WR38 and it's turning against me. It's Friday, these are good profits, I don't want to give nothing...
Congrats Bubincka and many thanks for your very helpful Trademanager...!
Please, may you explain me how to set a TP at a specific pivot or also other target with it if you have several open positions?

Thx, jdva
I never lose - either I win or I learn...
  • #25,887
  • Feb 22, 2019 4:37am Feb 22, 2019 4:37am
I am going away for the weekend and i'm on strict orders for the weekend i can't go on this forum or looks at charts, late valentines present staying at The Shard London.
This is my trades for the week i made some stupid mistakes however i made over 10% a week. I need to pat myself on the back for how much i have improved because sometimes i see others on this forum doing much better than me and it can make me feel inadequate. Im currently 1% DD. but this is my closed trades this week. I'm only trading of £1,000 account...... for now.
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  • #25,888
  • Feb 22, 2019 4:40am Feb 22, 2019 4:40am
Quoting Nextgendad
AudCad.
Yes DD turn in to profit
  • #25,889
  • Feb 22, 2019 4:41am Feb 22, 2019 4:41am
Quoting Egbert
{image}{image}{image}
Hello friend What is your monitor Size?
  • #25,890
  • Feb 22, 2019 4:43am Feb 22, 2019 4:43am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,086 Posts | Online Now
I’m starting to get pissed of with people that is pretending, just look at the screenshot.
That was 2017, and one of the requirements was one was to submit your calander events each Sunday, sounds like he could not do it himself?

Luckily I saw this BS and did not even entertain this comic.
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We obey the structure that results from the market's reaction
  • #25,891
  • Feb 22, 2019 4:47am Feb 22, 2019 4:47am
Quoting Egbert
I’m starting to get pissed of with people that is pretending, just look at the screenshot. That was 2017, and one of the requirements was one was to submit your calander events each Sunday, sounds like he could not do it himself? ...
As we adults know: Not everything in life works out the way we wanted to. The important thing is to stay positive, dust yourself off and move forward.
  • #25,892
  • Feb 22, 2019 4:48am Feb 22, 2019 4:48am
Quoting RieseP
I am going away for the weekend and i'm on strict orders for the weekend i can't go on this forum or looks at charts, late valentines present staying at The Shard London. This is my trades for the week i made some stupid mistakes however i made over 10% a week. I need to pat myself on the back for how much i have improved because sometimes i see others on this forum doing much better than me and it can make me feel inadequate. Im currently 1% DD. but this is my closed trades this week. I'm only trading of £1,000 account...... for now. {image}
How do you make guys this tables with statistics?
  • #25,893
  • Feb 22, 2019 4:48am Feb 22, 2019 4:48am
Quoting jdva
{quote} Congrats Bubincka and many thanks for your very helpful Trademanager...! Please, may you explain me how to set a TP at a specific pivot or also other target with it if you have several open positions? Thx, jdva
Hi jdva,

to set TP at a specific level for all open positions set the following input params:

Inserted Code
input bool allOrdersSameTP = true;
input double unique_TP = 0.0;             // Set your desired take profit level here
input color colorLineTP = clrNone;        // I use red color for shorts, blue for longs, irrelevant for operation it's there only to make things visually simpler

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #25,894
  • Feb 22, 2019 4:49am Feb 22, 2019 4:49am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,086 Posts | Online Now
Quoting Davit
Old timers here remember copy cats and amateurs opening threads based on this system. This is the genuine leather! heavily used and still strong Remember him? With his Christmas tree chart {image} {image} {image}
And just now you paste this, Davit. Do not forget the smartie pants on Mesenger/ Telegram..
We obey the structure that results from the market's reaction
  • #25,895
  • Feb 22, 2019 4:50am Feb 22, 2019 4:50am
Quoting dobrakaloria
{quote} How do you make guys this tables with statistics?
Here is: https://www.forexfactory.com/showthr...1#post12009451
"In the end you only trade yourself."
  • #25,896
  • Feb 22, 2019 4:52am Feb 22, 2019 4:52am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,086 Posts | Online Now
Quoting darshanaint
{quote} Hello friend What is your monitor Size?
34"
We obey the structure that results from the market's reaction
  • #25,897
  • Feb 22, 2019 4:53am Feb 22, 2019 4:53am
Quoting Egbert
{quote} And just now you paste this, Davit. Do not forget the smartie pants on Mesenger/ Telegram..
I am not going to engage with you further.
As you may not recall, that was at a time this thread was under attack and an alternative to salvage the best contributors was sent out to relocate them on Telegram. Davit was also invited, naturally. He chose (wisely) to sit it out, let the storm pass and then retake his thread.

If you were invited at the time, I surely made a mistake and I humbly apologize for having mistaken you for a valued contributor to this thread.
  • #25,898
  • Feb 22, 2019 4:57am Feb 22, 2019 4:57am
Still waiting EA to drop below 59 patience
In trading, you have to be defensive and aggressive at the same time
  • #25,899
  • Feb 22, 2019 5:00am Feb 22, 2019 5:00am
Quoting pgr45za
{quote} I am not going to engage with you further. As you may not recall, that was at a time this thread was under attack and an alternative to salvage the best contributors was sent out to relocate them on Telegram. Davit was also invited, naturally. He chose (wisely) to sit it out, let the storm pass and then retake his thread. If you were invited at the time, I surely made a mistake and I humbly apologize for having mistaken you for a valued contributor to this thread.
I agree it was messy times.You did what naturally one thought to do salvage a thread somewhere else.I don't hold that negative against you.

Fact is I don't need this thread to trade.I can easily trade alone and part of me does want to do that....but part of me likes the interaction since trading can be very boring...and bonus lot of guys here made pretty good money trading this among other things.
In trading, you have to be defensive and aggressive at the same time
  • #25,900
  • Feb 22, 2019 5:02am Feb 22, 2019 5:02am
Quoting bubincka
{quote} Hi jdva, to set TP at a specific level for all open positions set the following input params: input bool allOrdersSameTP = true; input double unique_TP = 0.0; // Set your desired take profit level here input color colorLineTP = clrNone; // I use red color for shorts, blue for longs, irrelevant for operation it's there only to make things visually simpler Best regards, Bubincka
OK, thanks my friend..but what have I to set up instead of the 0.0...f.i. price like 0.94032 or pips/points?
I never lose - either I win or I learn...
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