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Pivot Trading

  • #26,081
  • Feb 25, 2019 6:22am Feb 25, 2019 6:22am
Quoting Sambucetti
{quote} chillout man, i gave that answer too but then came out stupid question number 2, those crashes happen only during the holidays or are always preceded by red news ?
I am exhausted! Your Profile staggers me!
You have from October 2016 to July 2017 subscribed to over 50 threads and unsubscribed about the same. This pattern you exhibit continues to February 2019. How many?
I have some serious advice. You will not find what you are searching for.
1. Get a new FF Handle.
2. Subscribe to Davit's Pivot Trading
3. Shed all that you think you know
4. Start from Page 1
5. With a clear mind you will surprise yourself.
Oh! I have been a full time trader since 2001 and introduced to FX 1987-88
There is no better system/methodology than what Davit offers. You can manage trades virtually stress free and with a high degree of confidence.
  • #26,082
  • Feb 25, 2019 6:49am Feb 25, 2019 6:49am
Oil Crash on trump Tweet
https://www.bloomberg.com/news/artic...source=twitter
  • #26,083
  • Feb 25, 2019 7:01am Feb 25, 2019 7:01am
[quote = darshanaint; 12044082] Crash de aceite en trump Tweet https://www.bloomberg.com/news/articles/2019-02-25/trump-attacks-opec-over-high-oil-price-warning-of- fragile-world? utm_medium = social & cmpid = socialflow-twitter-business & utm_campaign = socialflow-organic & utm_content = business & utm_source = twitter [/ quote]
UC go long
  • #26,084
  • Edited 7:39am Feb 25, 2019 7:23am | Edited 7:39am
Oil Trade Update:

I've moved out of my Oil trade +4k

I will say that I traded that OIL trade really badly, I started the trade all giddy off some other profits. So the first trades I took made big mistakes (price wasn't really at a good point- took the trade on a Friday why start a position on a FRIDAY pivots will change perhaps significantly next week), other mistakes were made as well. So just having the knowledge and understanding of how you should trade will not make you a good trader, making the trades using that knowledge will. I've been trading for many years and still make many mistakes, focus on finding and knowing your mistakes. If you are blaming the market you need to set your mind right, all the problems with account management can be tracked down to our own mistakes. Find the mistakes work on making less of them.

All the other small trades I had I cleaned up and out in profit last Friday.

Best to all.
  • #26,085
  • Feb 25, 2019 7:24am Feb 25, 2019 7:24am
Quoting Mct63
{quote} I have been following the EIA report for some time. I am a retail trader and this is my basic understanding. Please see overall flow sheet below and updated charts on the latest EIA report. My own fundamental analysis is Domestic production at an all time high. Domestic production will probably stay high at these prices. Gasoline and Distillate stocks are high. Refinery input is reduced and will probably stay low until Gasoline and Distillate Stocks reduce. Net imports ranging , slightly down. CONCLUSION. Crude Inventories will probably...
The EIA report usually gives advance notice when oil is nearing a top or bottom. However it is not a timing tool. Applying Davit's approach of entering with small lots works well in this case.
  • #26,086
  • Feb 25, 2019 7:31am Feb 25, 2019 7:31am
CadJpy possibly one to watch for a Short position.

When oil goes down Cad usually goes down as Canada is a major exporter.
When oil goes down Jpy usually goes up as Japan a major importer of oil.

Hence short Cad and Long Jpy a possibility.
  • #26,087
  • Feb 25, 2019 8:00am Feb 25, 2019 8:00am
NJ S on my watchlist. Waiting for confirming PA.
  • #26,088
  • Feb 25, 2019 8:05am Feb 25, 2019 8:05am
Quoting Davit
Interesting that despite of Retail Sales q/q 1.7% NZD practically almost stayed the same.Shows a clue where this is heading rest of the week. This gap may close next 24hrs Tues Powell plus CB dble hit on this and rest of majors. Been making shitload on every swing on NC shorts hence do want NC going up then short it.Its basically free money. 9080-91 Hit it There is inherent weakness on NZD since there are hints rates may be cut in the future. {image}
Patience or will Trump's Oil Price Tweet win?
Attached Image (click to enlarge)
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  • #26,089
  • Feb 25, 2019 8:19am Feb 25, 2019 8:19am
Quoting pgr45za
NJ S on my watchlist. Waiting for confirming PA.
If you're looking for NJ shorts, this maybe is a good level
Attached Image (click to enlarge)
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Trade What's Happening... Not What You Think Is Gonna Happen
  • #26,090
  • Feb 25, 2019 9:07am Feb 25, 2019 9:07am
UC
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  • #26,092
  • Edited 10:00am Feb 25, 2019 9:38am | Edited 10:00am
Caught this in time with no clear retrace to load more buys. Looking to exit at weekly pivot area once i spot some weakness.

Currently build longs on EZ

Closed UC at pivot...see the magic
Attached Image(s) (click to enlarge)
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  • #26,093
  • Feb 25, 2019 9:40am Feb 25, 2019 9:40am
Quoting fibo38
UC {image}
Dint know u were in this too...Great to see u opened several trades . Got afraid to pump in buys on straight bullish candles...love to see some pullbacks b4 adding
  • #26,094
  • Feb 25, 2019 9:42am Feb 25, 2019 9:42am
Quoting fibo38
UC {image}
Nice
  • #26,095
  • Feb 25, 2019 10:11am Feb 25, 2019 10:11am
Quoting pulscorn
CADCHF sl = 0.7632 tp = 7543 {image}
Another one that couldn't be bothered to read.

CHF? Seriously?

SL? Seriously?
  • #26,096
  • Feb 25, 2019 10:21am Feb 25, 2019 10:21am
Quoting Davit
Psycho Cybernetics: A New Way to Get More Living Out of Life by Maxwell Maltz Read it many top performers in sports,business,arts have! Most impact book I read in decades and still find it refreshing and uplifting {image} {image}
Davit, I was happy to see you mention Psycho Cybernetics. It’s also one of my all-time favorites. I lent out my paperback copy to a friend and never got it back, but books that I love I also buy on Kindle just so they’re always with me. Psycho Cybernetics, Jack Canfield’s The Success Principles, and The Power of Your Subconcious Mind by Joseph Murphy are all ones I own in hard copy and on my Kindle. I’ve read them all several times.

If we rule our mind we can accomplish the unbelievable. I’ve endeavored to rule my mind regarding trading and with daily meditation and study I am watching it unfold. There is no substitute for doing our due diligence, but the path is much clearer when our mind is a fertile ground prepared with right thinking.

Many green pips to you and me and anyone else who went long on AUD/CAD
  • #26,097
  • Feb 25, 2019 10:31am Feb 25, 2019 10:31am
Was eyeing WTI for a textbook swing failure from last weeks late markup.

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Trade with confidence, trade without fear.
  • #26,098
  • Feb 25, 2019 10:40am Feb 25, 2019 10:40am
Closed AC hit my daily profit+more
Attached Image(s) (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #26,099
  • Edited 11:16am Feb 25, 2019 10:41am | Edited 11:16am
A lot of JPY pairs getting interesting...

Looking at NZD/JPY and USD/JPY

EDIT: Too early to start position will likely go higher, will look again at them tonight.

EDIT:EDIT: I thought I saw an article this morning saying the JPY PM (prime minister) said that they not going to have a set price for the JPY. So this might be a re balancing of all JPY pairs, this could move big time. I will wait for this to get sorted out. I don't want to jump in front of a Tsunami.

Other JPY pairs might have similar setups.
  • #26,100
  • Feb 25, 2019 10:44am Feb 25, 2019 10:44am
Quoting asgharhussai
EU and GU are not trade able ATM {image} {image}
I suggest you post without the add in the middle of the chart.Last warning
In trading, you have to be defensive and aggressive at the same time
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