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Pivot Trading

  • #27,901
  • Mar 29, 2019 5:16am Mar 29, 2019 5:16am
Quoting 1pipperhour
Peanut trader here . Actually love that name, should change my current name Another month of peanuts earned. Nothing impressive like you guys have but the income is steady and DD is small. Also achieved long waited goal, 100%, which took me 1 year, 1 month and 1 week exact . Quite happy with that. {image} {image} {image}
looks like "Peanut Trader author" didn't like it
great job!
In trading, you have to be defensive and aggressive at the same time
  • #27,902
  • Mar 29, 2019 6:18am Mar 29, 2019 6:18am
Don't really trade GBP anymore. But guess it's worth taking one pair only since we have red news for this today...

GU quick trade....

Pretty Obvious PA on Daily's resistance and multiple rejection on 61 zone...

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So, I took a buy trade before news coz PA is also too obvious on 15 min...

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We're not here to be right, we're here to Profit Consistently!
  • #27,903
  • Edited 6:54am Mar 29, 2019 6:25am | Edited 6:54am
I am maintaning small position this time, because I expect a little green gain in GDP and it seems the market is seeing risk on the downside



NEWS:
Canada reports January monthly GDP figures. A small gain is expected, though we suspect the risk is on the downside. Year-over-year growth in December of 1.1% was the weakest since August 2016. We expect Bank of Canada comments to recognize the soft patch may require more monetary accommodation in the coming weeks before softening its statement further at the next meeting late April. The US dollar is firm, holding above CAD1.3420 so far today. We have been targeting the CAD1.3470 area seen earlier this month. While the US dollar is practically flat against the Canadian dollar on the week, it is up 2% for the month.
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  • #27,904
  • Mar 29, 2019 7:31am Mar 29, 2019 7:31am
Very nice numbers on CAD letting my CAD trades run like NC
In trading, you have to be defensive and aggressive at the same time
  • #27,905
  • Mar 29, 2019 7:33am Mar 29, 2019 7:33am
Great numbers on CAD!

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Closed some UC shorts with some nice profits!
"In the end you only trade yourself."
  • #27,906
  • Mar 29, 2019 7:36am Mar 29, 2019 7:36am
Last trades for the month...

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Have a great weekend everyone! Enjoy...
We're not here to be right, we're here to Profit Consistently!
  • #27,907
  • Mar 29, 2019 7:41am Mar 29, 2019 7:41am
Took some nice profit from AC and UC. Wouldn't be possible if not for the Weekly Pivots! Thanks for the system, Davit. Been into hibernation for several months but slowly getting back on track.
Fortune favors the brave.
  • #27,908
  • Mar 29, 2019 7:42am Mar 29, 2019 7:42am
After bad data on USD I closed my UJ long for a decent profit.
In hindsight I should have close it about 25 pips higher before.
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Porta itineris dicitur longissima esse
  • #27,909
  • Mar 29, 2019 7:42am Mar 29, 2019 7:42am
Caught this one
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  • #27,910
  • Mar 29, 2019 7:43am Mar 29, 2019 7:43am
Quoting mngnglkl
Took some nice profit from AC and UC. Wouldn't be possible if not for the Weekly Pivots! Thanks for the system, Davit. Been into hibernation for several months but slowly getting back on track.
welcome back and harvest those pips
In trading, you have to be defensive and aggressive at the same time
  • #27,911
  • Mar 29, 2019 7:45am Mar 29, 2019 7:45am
AC have reached the weekly pivot exactly
  • #27,912
  • Mar 29, 2019 7:46am Mar 29, 2019 7:46am
Closed UC
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Still DD on EG - B,
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #27,913
  • Mar 29, 2019 7:48am Mar 29, 2019 7:48am
Quoting NLtrader
AC have reached the weekly pivot exactly
secret is out since 2016

Most of my haters do trade it now.Go figure Combine with solid attention to events like we do here and you got a killer system.
Most systems here on FF deal with indicators, trend lines, MAs and all that jazz while the pink elephant in the room the News/ Events ignored.To me that's weakness.I always been intuitively suspicious of everyone who said "everything is in the charts"That's proven true over the years.Not everything is in the charts!
You need both legs to run fast
In trading, you have to be defensive and aggressive at the same time
  • #27,914
  • Mar 29, 2019 7:50am Mar 29, 2019 7:50am
Quoting 1pipperhour
Peanut trader here . Actually love that name, should change my current name Another month of peanuts earned. Nothing impressive like you guys have but the income is steady and DD is small. Also achieved long waited goal, 100%, which took me 1 year, 1 month and 1 week exact . Quite happy with that. {image} {image} {image}
well done peanut! keep it up
Just trying to put a kiss on the cheek of success
  • #27,915
  • Mar 29, 2019 7:57am Mar 29, 2019 7:57am
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  • #27,916
  • Mar 29, 2019 8:02am Mar 29, 2019 8:02am
harvesting massive pips on NC UC letting them roll to next week
In trading, you have to be defensive and aggressive at the same time
  • #27,917
  • Mar 29, 2019 8:10am Mar 29, 2019 8:10am
Quoting bubincka
After bad data on USD I closed my UJ long for a decent profit. In hindsight I should have close it about 25 pips higher before. {image}
I am noticing lot of your entries are early.Please work on that.PA
Example below.You shorted below R38 no business doing it and got luck price turned.
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In trading, you have to be defensive and aggressive at the same time
  • #27,918
  • Mar 29, 2019 8:11am Mar 29, 2019 8:11am
I really got a bad fill for USDCAD. I placed my sell limit 2 min before news and just after news i saw they filled me at a worst price that made me get out with small profit. Is this normal or its my broker who pushed down my sell limit? I've never experienced this before and I want to launch a complain
  • #27,919
  • Mar 29, 2019 8:16am Mar 29, 2019 8:16am
Quoting Halfcents
I really got a bad fill for USDCAD. I placed my sell limit 2 min before news and just after news i saw they filled me at a worst price that made me get out with small profit. Is this normal or its my broker who pushed my sell limit? I want to launch a complain
It comes down to sheer volume of orders placed and the speed your broker can execute them at...if there's a massive amount of orders and your broker isn't that great, then slippage may occur whereby they execute your order at a different price to what you placed because they're struggling with the demand.

It's pretty normal really especially for us common retail folks who get shoved at the back of the queue... Still, some brokers are better than other's it'd be good to make sure you're with a decent provider.

Cheers,
Ben
  • #27,920
  • Mar 29, 2019 8:16am Mar 29, 2019 8:16am
Quoting Halfcents
I really got a bad fill for USDCAD. I placed my sell limit 2 min before news and just after news i saw they filled me at a worst price that made me get out with small profit. Is this normal or its my broker who pushed down my sell limit? I've never experienced this before and I want to launch a complain
you are not going to win on that. Every broker runs in house algos to do exactly that.Like Esk said volume plays a roll.
In trading, you have to be defensive and aggressive at the same time
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