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Pivot Trading

  • #26,821
  • Mar 8, 2019 1:37am Mar 8, 2019 1:37am
This week was a tough one, had losses too and it's never enough to repeat and remember to yourself that really anything can happen and expect the unexpected is the rule #1 in Forex. Now I'm DD having shorted Yen, the only consolation is I can stay with it and collect the swap closing progressively positions on rebounds.
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Porta itineris dicitur longissima esse
  • #26,822
  • Mar 8, 2019 1:59am Mar 8, 2019 1:59am
Quoting bubincka
This week was a tough one, had losses too and it's never enough to repeat and remember to yourself that really anything can happen and expect the unexpected is the rule #1 in Forex. Now I'm DD having shorted Yen, the only consolation is I can stay with it and collect the swap closing progressively positions on rebounds. {image} {image}
Hope everything will be fine soon mate.
  • #26,823
  • Mar 8, 2019 2:35am Mar 8, 2019 2:35am
Quoting dna9179
{quote} Hope everything will be fine soon mate.
Hi dna9179,

shit happens.

100 % my responsibility, I've been too hasty and maybe reckless entering positions in parallel with such big news release, e.g. ECB that I didn't overlook, but minimized the impact. Then the shock crash export in China trade pushed AUD & CAD further down. Now for me analysis and patience are the name of thr game.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #26,824
  • Mar 8, 2019 2:36am Mar 8, 2019 2:36am
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  • #26,825
  • Mar 8, 2019 3:08am Mar 8, 2019 3:08am
Quoting DrForexMD
{quote} This is a very good question my friend better23: In reality, the Market Makers and Computer Server Algos make the final decisions despite the Market Sentiment using population psychology of retail traders to capture 95% of liquidity to trade against you. However, with Davit's qualitative Technical PA-Pivot Zones, his qualitative fundamental insights and his Money Management which are all in his free teachings here that will give the "Edge" to help you be among the top 5% of Retail Traders (you) who profit (Wins >> Losses) on an otherwise...
Nice post, although let me disagree with one point- MMs do not care about retail. They do not seek to take your stops, they do not seek to catch you unprepared, they do not seek your liquidity. Retail liquidity is unimportant to them. MMs trade in lots sizes of hundred milions on interbank markets and they fulfill orders of their corporate customers or hedge funds. They even doesnt use TA that much. Market Maker in spot forex aka spot dealer, is a guy who sits in a bank and tries to not lose money when he has to fulfill order for 1 bilion USD before market moves few cents agains him, while 10 other customers calling him to make deal. Market makers seldom do directional positions, their main goal is to be squared very quickly and make only some pips on spread. Banks as whole usually have directional positions,but they are longterm. Hedge funds are actually the ones who give orders to banks to buy for them and they do apply their strategies on market, but not market makers, that is only a provider of the service. If you are interested, I would higly reccomend this video. This is actual ex-forex market maker from one of the biggest world banks and tells what the market maker job is about. It is not a selling gig, just casual conversation about his past job. I can confirm 100% of what he says from my own experience. Might be little eye opening for some... Lots of success to you!

Inserted Video
  • #26,826
  • Edited 5:51am Mar 8, 2019 5:04am | Edited 5:51am
NZDCAD - imo has a good chance of reversal @WR61 especially if we get positive CAD data.
Interesting to see how it develops.
I also think USD/CAD can see an explosive next couple of hours.
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Fearful in losing, hopeful in winning.
  • #26,827
  • Mar 8, 2019 6:01am Mar 8, 2019 6:01am
Quoting whattheduck
NZDCAD - imo has a good chance of reversal @WR61 especially if we get positive CAD data. Interesting to see how it develops. I also think USD/CAD can see an explosive next couple of hours. {image} {image}
NZDCAD possible WR78
  • #26,828
  • Mar 8, 2019 6:04am Mar 8, 2019 6:04am
Quoting whattheduck
NZDCAD - imo has a good chance of reversal @WR61 especially if we get positive CAD data. Interesting to see how it develops. I also think USD/CAD can see an explosive next couple of hours. {image} {image}
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  • #26,829
  • Mar 8, 2019 6:10am Mar 8, 2019 6:10am
Quoting eInvestFX
{quote} {image}
Thank you for the feedback, I will tread lightly and reduce position size.
Fearful in losing, hopeful in winning.
  • #26,830
  • Mar 8, 2019 6:40am Mar 8, 2019 6:40am
NFP.
98% Sellers
2% Buyers.
This will be reliable ?
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  • #26,831
  • Mar 8, 2019 6:51am Mar 8, 2019 6:51am
Quoting fibo38
NFP. 98% Sellers 2% Buyers. This will be reliable ? {image}
I don't know for USDCAD and too risky for me to trade pre-NFP but one thing for sure, GBPCAD is already on the move
  • #26,832
  • Mar 8, 2019 6:58am Mar 8, 2019 6:58am
[quote = TamRoofer; 12092582] {quote} No lo sé para USDCAD y es demasiado arriesgado para mi operación pre-NFP, pero una cosa es segura, GBPCAD ya está en movimiento [/ quote]
It is difficult, to know
It was just a note. Yes gbpcad, go down
  • #26,833
  • Edited 2:30pm Mar 8, 2019 7:01am | Edited 2:30pm
Quoting Fischerman
{quote} Nice post, although let me disagree with one point- MMs do not care about retail. They do not seek to take your stops, they do not seek to catch you unprepared, they do not seek your liquidity. Retail liquidity is unimportant to them. MMs trade in lots sizes of hundred milions on interbank markets and they fulfill orders of their corporate customers or hedge funds. They even doesn't use TA that much. Market Maker in spot forex aka spot dealer, is a guy who sits in a bank and tries to not lose money when he has to fulfill order for 1 billion...
Your Post is nice as well Fischerman and Video link. Thank you. However here is just one of many videos on YouTube about the MMs Business Model - explaining the MM Henchmen who survive by manipulating market prices to stay in big business. That is the reality in my experience and many others versus Ex-Bankers, Algo Company employees, Brokers, The Talking Heads (i,e Government officials, head speakers), etc. You just need to be better as a Chess player and intuitively creative to really have a deeper sense of the multiple variables that lead to making money from the MMs:

Inserted Video


Regards,
- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #26,834
  • Mar 8, 2019 7:16am Mar 8, 2019 7:16am
Quoting fibo38
NFP. 98% Sellers 2% Buyers. This will be reliable ? {image}
Hello Fibo38 - interesting if you don't mind me asking, which site did you get this information? - Thanks
  • #26,835
  • Mar 8, 2019 7:18am Mar 8, 2019 7:18am
[quote = Rjaws; 12092674] {quote} Hola Fibo38: interesante, si no te importa que pregunte, ¿en qué sitio obtuviste esta información? - Gracias [/ quote]
Froms this:
https://www.myfxbook.com/es/community/outlook
  • #26,836
  • Mar 8, 2019 7:29am Mar 8, 2019 7:29am
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #26,837
  • Mar 8, 2019 7:31am Mar 8, 2019 7:31am
Attached Image (click to enlarge)
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #26,838
  • Mar 8, 2019 7:38am Mar 8, 2019 7:38am
Attached Image (click to enlarge)
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #26,839
  • Mar 8, 2019 7:39am Mar 8, 2019 7:39am
better than expected data on Cad gave me profit on UC GC EC
  • #26,840
  • Mar 8, 2019 7:51am Mar 8, 2019 7:51am
Not the NFP i expeted, only 20 pips on AUD and NZD, I guess market is waiting for Powell to speak.
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