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Pivot Trading

  • #27,021
  • Mar 12, 2019 8:39pm Mar 12, 2019 8:39pm
another NU but missed the highlighted move because of sleep time
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Trading is about paying attention. Davit
  • #27,022
  • Mar 12, 2019 8:55pm Mar 12, 2019 8:55pm
long eurnzd...
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  • #27,023
  • Mar 12, 2019 9:47pm Mar 12, 2019 9:47pm
Trade Manager closed my CJ long +100
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  • #27,024
  • Mar 13, 2019 1:39am Mar 13, 2019 1:39am
Good area to watch closely of AN ..
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  • #27,025
  • Mar 13, 2019 2:47am Mar 13, 2019 2:47am
NC,
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  • #27,026
  • Mar 13, 2019 3:00am Mar 13, 2019 3:00am
Currently I'm holding on my UC short not very convinced.
Brexit issue is taking all the attention and GBP is the magnet where money is flowing into.
Later today there will be PPI and Core Durable Goods Orders for USD so I'll monitor closely this trade to save some profits in case of strong reversal.
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Porta itineris dicitur longissima esse
  • #27,027
  • Mar 13, 2019 3:10am Mar 13, 2019 3:10am
Quoting bubincka
Currently I'm holding on my UC short not very convinced. Brexit issue is taking all the attention and GBP is the magnet where money is flowing into. Later today there will be PPI and Core Durable Goods Orders for USD so I'll monitor closely this trade to save some profits in case of strong reversal. {image}
Im on the same side. In my oppinion still lot of room to go down, I think its just starting to ride down....
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  • #27,028
  • Mar 13, 2019 3:53am Mar 13, 2019 3:53am
I have some intuition that that EA will fail here on PP (besides and news now we don't expect some huge data) down to S38
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  • #27,029
  • Mar 13, 2019 3:57am Mar 13, 2019 3:57am
short NZDUSD, long EURNZD
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  • #27,030
  • Mar 13, 2019 4:11am Mar 13, 2019 4:11am
I'm continuing to monitor UC short, multiple bounces from the DO line that is acting as important resistance zone.
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Porta itineris dicitur longissima esse
  • #27,031
  • Mar 13, 2019 4:21am Mar 13, 2019 4:21am
Hi guys I am seeing some nice tradesvery encouraging!
My labor here has not been wasted.
Food for thought

Commodity pairs by their nature are pretty predictable and easier to trade because of stable low ADR which makes it ideal to load up more then others.
Why they are my favorite pairs.
Successful trading is knowing where to hit hard and where NOT at all. NC perfect example since yesterday dropping nicely and still lots more room. Stressful? NOT at all.Its not a pair that will run 350pips in 1day.Be selective and understand value of your margin where you want to spend it.Preservation of margin is your fighting troops.
Carry on!
In trading, you have to be defensive and aggressive at the same time
  • #27,032
  • Mar 13, 2019 4:25am Mar 13, 2019 4:25am
I have been making good money shorting EC every time gets close to 51.Something you must be aware!Range trading is good money

Fundamentally Euro is bearish overall with ECB putting the breaks and economy slowing and UK exit from EU is putting the Euro under stress hence risk on upside is minimal in my opinion. 49? Yes its coming

Always understand what you are trading!
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In trading, you have to be defensive and aggressive at the same time
  • #27,033
  • Mar 13, 2019 4:32am Mar 13, 2019 4:32am
Quoting denisius
Closed AC with good numbers. Probably only one good trade I took in week and half. I am overtrading. I can feel it. My results slipping. Will be on sideway for the rest of the Week. Just observing.
Your enthusiasm to get where you want in trading may become hindrance when greed takes over.
Re-focus and hit hard where it really counts.
In trading, you have to be defensive and aggressive at the same time
  • #27,034
  • Mar 13, 2019 4:37am Mar 13, 2019 4:37am
Quoting mizi123
I have some intuition that that EA will fail here on PP (besides and news now we don't expect some huge data) down to S38 {image}
refrain putting emotional value on anything relating to trading
Intuition in trading is dangerous criteria.Best avoid it.
Facts only. PA Pivots Events
In trading, you have to be defensive and aggressive at the same time
  • #27,035
  • Mar 13, 2019 4:58am Mar 13, 2019 4:58am
In the end, on early signs of CAD weakness and USD coming back with red news later, more looking at PA showing another strong rejection at DO that in this case it's previous day low too, I decided to close my UC short for a good profit leaving other trades running.
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Porta itineris dicitur longissima esse
  • #27,036
  • Mar 13, 2019 5:18am Mar 13, 2019 5:18am
Quoting bubincka
In the end, on early signs of CAD weakness and USD coming back with red news later, more looking at PA showing another strong rejection at DO that in this case it's previous day low too, I decided to close my UC short for a good profit leaving other trades running. {image}
Dear friend. In my oppinion DOL dont even matter... If you got US broker ur DOL Will be different than EU broker. The candles D1 are different in USA and in Europe.. Its 8 h .
  • #27,037
  • Mar 13, 2019 5:27am Mar 13, 2019 5:27am
Quoting dobrakaloria
{quote} Dear friend. In my oppinion DOL dont even matter... If you got US broker ur DOL Will be different than EU broker. The candles D1 are different in USA and in Europe.. Its 8 h .
Set your DO to the close of NY session. Then everyone has the same DO irrespective where you stay in the world.
Ask and you look stupid for 5 minutes. Don't ask and stay stupid forever.
  • #27,038
  • Mar 13, 2019 5:29am Mar 13, 2019 5:29am
Quoting dobrakaloria
{quote} Dear friend. In my oppinion DOL dont even matter... If you got US broker ur DOL Will be different than EU broker. The candles D1 are different in USA and in Europe.. Its 8 h .
Hi dobrakaloria,

in this case you're probably right, in fact just after my closing it restarted its rundown.

I considered a bunch of reasons when I decided to close it, beyond pure PA then high impact news on USD coming some hours late and expected green.
However you'll never know until it's done.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #27,039
  • Mar 13, 2019 6:26am Mar 13, 2019 6:26am
Quoting bubincka
In the end, on early signs of CAD weakness and USD coming back with red news later, more looking at PA showing another strong rejection at DO that in this case it's previous day low too, I decided to close my UC short for a good profit leaving other trades running. {image}
From my experience, M30 is not the best TF for signs. Talking of Davit's system and its overall distance that you expect from price to move- it's more stressless to watch H1 or even H4. In the end, you'll see the signs & close trades practically at the same level as it could be on M30. M30 for me is too "noisy"...
  • #27,040
  • Mar 13, 2019 6:36am Mar 13, 2019 6:36am
Quoting antisystem
{quote} From my experience, M30 is not the best TF for signs. Talking of Davit's system and its overall distance that you expect from price to move- it's more stressless to watch H1 or even H4. In the end, you'll see the signs & close trades practically at the same level as it could be on M30. M30 for me is too "noisy"...
Hi antisystem,

that's true, I also switched from initial M30 to often use H1 & H4.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
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