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Pivot Trading

  • #27,621
  • Mar 25, 2019 6:06pm Mar 25, 2019 6:06pm
AN at S38. Looking good for an upmove. Any comments?
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  • #27,622
  • Mar 25, 2019 6:10pm Mar 25, 2019 6:10pm
Quoting Zeroegotradr
Truly amazing thread. I am into pivot trading and suddenly this thread appeared in front of me! reading 3% of it and hope it complete it soon! Took my 2nd trade today, 1st was GU long, which net me over 200 pips. But TBH while things are going fine, we definitely need a plan when things aren't. This is something I need to work on. {image}
an update. Closed all but 1 lot when it hit previous support at 1.3405. Last lot taken out when it retraces to 1.342. But it went back down. I was expecting it go to 1.3360 but price don't move in a straight line, that's why I took some away, but didn't manage to re-enter cos I was sleeping

Any comments/advice?
  • #27,623
  • Mar 25, 2019 6:57pm Mar 25, 2019 6:57pm
Quoting Zeroegotradr
{quote} just to check, NU R38 @ 0.69220? seems still a distance from there, but you start to sell already?
just laying in some small trades
Just trying to put a kiss on the cheek of success
  • #27,624
  • Mar 25, 2019 7:20pm Mar 25, 2019 7:20pm
Quoting pet3250
{quote} just laying in some small trades
price moved up, hit R38 and I m in too. GL!
  • #27,625
  • Mar 25, 2019 10:24pm Mar 25, 2019 10:24pm
Quoting Zeroegotradr
AN at S38. Looking good for an upmove. Any comments? {image}
1.03098 now. 1.03505 should offer a strong resistance.
  • #27,626
  • Mar 25, 2019 10:46pm Mar 25, 2019 10:46pm
Quoting Zeroegotradr
AN at S38. Looking good for an upmove. Any comments? {image}
in this thread people use weekly pivot not daily
  • #27,627
  • Mar 25, 2019 10:47pm Mar 25, 2019 10:47pm
Quoting Artawidi
{quote} in this thread people use weekly pivot not daily
you can ignore the daily pivot. But S38 is there.
  • #27,628
  • Edited 2:54am Mar 26, 2019 12:10am | Edited 2:54am
Quoting Zeroegotradr
{quote} you can ignore the daily pivot. But S38 is there.
Read 1st post because otherwise you will end up on recycle been!
How to trade WEEKLY pivots
Zone 61-100 usually areas where swings fail and you can counter trade or trade with the trend.Works both ways
Weekly Pivots are equilibrium creating bias below sell above buy.I usually trade 61-100 however have made trades above or below WP
Watch PA its the queen (chess analogy) !I prefer to see minimum 15-30 min candles red or green before entering a trade however this is aggressive and I have years of experience and more conservative approach is wait for 1hr to h4 candles.You may lose some pips waiting out but could also save you pips by not getting in early.
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  • #27,629
  • Mar 26, 2019 12:20am Mar 26, 2019 12:20am
Todays intereting events
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  • #27,630
  • Mar 26, 2019 12:50am Mar 26, 2019 12:50am
Quoting mizi123
{quote} Read 1st post because otherwise you will end up on recycle been! How to trade pivots Zone 61-100 usually areas where swings fail and you can counter trade or trade with the trend.Works both ways Weekly Pivots are equilibrium creating bias below sell above buy.I usually trade 61-100 however have made trades above or below WP Watch PA its the queen (chess analogy) !I prefer to see minimum 15-30 min candles red or green before entering a trade however this is aggressive and I have years of experience and more conservative approach is wait for...
Thanks. i am at page 55. Not wanting to be rude, but i see trades taken at 38 level? or am i wrong?
  • #27,631
  • Mar 26, 2019 1:25am Mar 26, 2019 1:25am
my trades
EURAUD sell
GBPAUD sell
AUDJPY buy
Gold sell
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  • #27,632
  • Mar 26, 2019 1:37am Mar 26, 2019 1:37am
Quoting emmkwad
my trades EURAUD sell GBPAUD sell AUDJPY buy Gold sell {image}
while you sell @ pivot, I am washing to buy on this S61 lvl
  • #27,633
  • Mar 26, 2019 2:05am Mar 26, 2019 2:05am
lets start building positions on AC


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  • #27,634
  • Mar 26, 2019 2:35am Mar 26, 2019 2:35am
Quoting Zeroegotradr
{quote} Thanks. i am at page 55. Not wanting to be rude, but i see trades taken at 38 level? or am i wrong?
keep reading and you will find more interesting things, the entry is not based exclusively on the touch of one level or another. must watch a bit chart structure and see if there is PA in your favour and consider as well any fundamentals that may affect your order once triggered.
Take what you can, give nothing back
  • #27,635
  • Mar 26, 2019 2:41am Mar 26, 2019 2:41am
Quoting Zeroegotradr
{quote} Thanks. i am at page 55. Not wanting to be rude, but i see trades taken at 38 level? or am i wrong?
Yes but they (38 R/S) are for more experienced traders 61-78-100 R/S are more acurate from were price reverses thats it all. Watch AUD/CAD for instance...
  • #27,636
  • Mar 26, 2019 3:28am Mar 26, 2019 3:28am
read only the first page......This thread looks interesting.....will be reading more...
trading is simple but is simple is not easy.
  • #27,637
  • Mar 26, 2019 5:33am Mar 26, 2019 5:33am
closed GBPAUD
still holding EURAUD
  • #27,638
  • Mar 26, 2019 6:16am Mar 26, 2019 6:16am
Great thread! slowly reading the pages.
  • #27,639
  • Mar 26, 2019 6:40am Mar 26, 2019 6:40am
AC + EA, my friend hasn't seen a weakening trend at 61, still waiting
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  • #27,640
  • Mar 26, 2019 6:43am Mar 26, 2019 6:43am
Quoting better23
AC + EA, my friend hasn't seen a weakening trend at 61, still waiting {image} {image}

if EA turns up at the 100, it's 190 pips back to the pivot....been watching to see
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