Pivot Trading | Page 1329 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Open Trade near Pivot line (Pivot Point) 16 replies

Weekly Pivot to Pivot Trading 19 replies

The Pivot Net Revisited (Weekly Pivot Net) 41 replies

Help with daily pivot, weekly pivot on MT4 3 replies

Pivot high - Pivot low MT4 3 replies

Attachments: Pivot Trading
Exit Attachments

Pivot Trading

  • #26,561
  • Mar 1, 2019 9:23am Mar 1, 2019 9:23am
Quoting OnAJourney
{quote} Thank you. Yes, I'm still keeping my trades small but I pull the trigger in and out with much more confidence and I don't hold losing trades very long hoping it will go in my favor like I used to. I can always re-enter. But when price is rallying around a pivot I look back to see where it's been through the week or longer for trend, but today, mainly just back through the week to see if we're at a bottom or a top because the retail money from the week is at congestion where the stop losses are located. The market movers need the money at...
Thanks for the feedback.

I'm a visual guy, so a pic would help.
No hurries.
  • #26,562
  • Mar 1, 2019 9:25am Mar 1, 2019 9:25am
Quoting pgr45za
{quote} Thanks for the feedback. I'm a visual guy, so a pic would help. No hurries.
first butterflies ... now you ask for pictures? c'mon man
Take what you can, give nothing back
  • #26,563
  • Mar 1, 2019 9:27am Mar 1, 2019 9:27am
Quoting OnAJourney
{quote} Thank you. Yes, I'm still keeping my trades small but I pull the trigger in and out with much more confidence and I don't hold losing trades very long hoping it will go in my favor like I used to. I can always re-enter. But when price is rallying around a pivot I look back to see where it's been through the week or longer for trend, but today, mainly just back through the week to see if we're at a bottom or a top because the retail money from the week is at congestion where the stop losses are located. The market movers need the money at...
"because the retail money from the week is at congestion where the stop losses are located"

This is the part that I find less clear. If you could please elaborate graphically that would be great.
  • #26,564
  • Mar 1, 2019 9:28am Mar 1, 2019 9:28am
Quoting denisius
I am going to leave UJ alone till next week. I have 0 expectations for USD this year. It will fall. Believe it or not. Next week NFP. How it can print green if it is contraction all over the numbers? Will see. Sooner a later money will flow to J. And I am more positive towards CAD and NZD.
It has some room to go south...leaving my shorts open until either decent profit or blow whats left on account.... But it is on its way south...
Invest in Life
  • #26,565
  • Mar 1, 2019 9:35am Mar 1, 2019 9:35am
Next week AUDUSD, her cousin NZDUSD (by default since it tends to move with AU), USDCAD and AUDCAD are my focus. My favorite pairs...this is going to be good. Now if I can get this account setup already...
Attached Image
Invest in Life
  • #26,566
  • Mar 1, 2019 9:41am Mar 1, 2019 9:41am
Quoting pgr45za
{quote} Thanks for the feedback. I'm a visual guy, so a pic would help. No hurries.

This.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 108 KB
  • #26,567
  • Mar 1, 2019 9:42am Mar 1, 2019 9:42am
Quoting OnAJourney
{quote} This. {image}
I see what you mean. Congestion = Money. Thanks
  • #26,568
  • Mar 1, 2019 10:07am Mar 1, 2019 10:07am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 121 KB

Quoting pgr45za
{quote} I see what you mean. Congestion = Money. Thanks

Yes, especially today that's what I'm looking for. Like AC... I was in a trade to go long this morning, it even had that beautiful double bottom from the WS38 but then I got scared out of it thanks to my trading room host who knows his stuff way better than me. He said it would drop quite a bit thanks to missed pivot points before it would rally somewhere in the future. I NEVER make money listening to that stuff. I'm better off right here with you guys doing what we've all been doing. I'm out 75 pips from where I went long to where it ended up. I'm not crying over spilt milk. I loaded up green this week, but I'm disappointed that I trusted him and not myself today.
  • #26,569
  • Mar 1, 2019 10:07am Mar 1, 2019 10:07am
GOLD L. Out if closes below 1303 with conviction.
EDIT: I'm out. S100 breached.

Quoting OnAJourney
{image} {quote} Yes, especially today that's what I'm looking for. Like AC... I was in a trade to go long this morning, it even had that beautiful double bottom from the WS38 but then I got scared out of it thanks to my trading room host who knows his stuff way better than me. He said it would drop quite a bit thanks to missed pivot points before it would rally somewhere in the future. I NEVER make money listening to that stuff. I'm better off right here with you guys doing what we've all been doing. I'm out 75 pips from where I went long to where...
Listen to Mark Douglas' videos.
You are the captain. No but(t)s.
AC was a beauty this morning. I called it. In hindsight everything is soooooooooooo easy.
  • #26,570
  • Mar 1, 2019 10:23am Mar 1, 2019 10:23am
I closed the week with this quick pick AC long, few pips but a profit is profit!
Still in my EG trade, it's floating around BE, I've decided to leave it open now that I've unloaded GC risk.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCADM15.png Size: 34 KB
Click to Enlarge Name: EURGBPH1.png Size: 55 KB
Porta itineris dicitur longissima esse
  • #26,571
  • Mar 1, 2019 10:24am Mar 1, 2019 10:24am
Quoting mch1970
{quote} Mirko - best advice would be; 1. read the entire thread from page 1. Absorb the information and then; 2. watch price action on a few key pairs. You have to understand the key support and resistance levels for each pair you play. 3. Watch the Mark Douglas videos on Trading in the Zone. Make notes and then watch them again until the info is ingrained into you. 4. Understand this is a game of probabilities. You need to examine your results over a large sample / population of trades. GBP pairs are strong at the moment as there is too much noise...
Thank you very much for the suggestions mch1970. Yes, I will download Mark Douglas videos and I will watch them.
At the moment I was long with EURUSD , but it turned back against me from R78. Everything is against me. I don't know where is the logic. There is no trend at all. It looks like a chaos.
  • #26,572
  • Mar 1, 2019 10:40am Mar 1, 2019 10:40am
Mirko - ok i'd suggest you refrain from posting until you've done the basics, otherwise you'll most likely be removed from the thread. Sounds harsh, but the hard yards have to be put into acquiring the skills. If it feels like chaos, then you're not there yet. Observe, read, apply and then comment on your ideas.
EU is an awful pair to trade. It has so many levels and is subject to so much noise around new and data releases. Commodity pairs are a good starter as they behave in ranges more than EU.

Also analyse the weekly calendar of news and data releases. It provides the focus for each week and concentrates the mind on the relevant pairs to trade.
  • #26,573
  • Mar 1, 2019 11:06am Mar 1, 2019 11:06am
EA S.
EJ S.
UJ S.
  • #26,574
  • Mar 1, 2019 11:11am Mar 1, 2019 11:11am
Hi Davit, Today I complete exactly one year of pivot trading, see the results below started off with a small account now it has grown to large a/c. As always, thanks for sharing the strategy. Wish you more power.


NB: my apologies for not contributing to the thread, personally it distracts me.
Attached Images
One Good Trade
  • #26,575
  • Mar 1, 2019 11:11am Mar 1, 2019 11:11am
Quoting pgr45za
EA S. EJ S.
Now or yesterday when you called it again but both wete approximately 100 pips lower
  • #26,576
  • Mar 1, 2019 11:13am Mar 1, 2019 11:13am
Quoting pgr45za
EA S. EJ S. UJ S.
UJ will most likely hit 12.12, can extend to 12.56 and 12.90. I am holding for another 100 pips. Meanwhile there is plenty others to trade.
  • #26,577
  • Mar 1, 2019 11:18am Mar 1, 2019 11:18am
Quoting pgr45za
EA S. EJ S. UJ S.
Come on man, don't take it personal but take a breather. These shouts are getting annoying af. If you see a setup post a chart and explain why. This is why you got in trouble on your gold trade.
Trade with confidence, trade without fear.
  • #26,578
  • Mar 1, 2019 11:30am Mar 1, 2019 11:30am
Quoting Cryptosurf
{quote} Come on man, don't take it personal but take a breather. These shouts are getting annoying af. If you see a setup post a chart and explain why. This is why you got in trouble on your gold trade.
...and the cover has been officially pulled...thanks someone had to do it.
Invest in Life
  • #26,579
  • Mar 1, 2019 11:33am Mar 1, 2019 11:33am
Acknowledged.
  • #26,580
  • Mar 1, 2019 11:34am Mar 1, 2019 11:34am
Quoting pgr45za
EA S. EJ S. UJ S.
I too say it's not personal...it's just by past experience with you...I wouldn't put it past you to call out other traders analysis. I was glad you were back but thought it would be different...just the same ol stuff.
Invest in Life
50 traders viewing now