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Pivot Trading

  • #28,041
  • Apr 1, 2019 10:15am Apr 1, 2019 10:15am
Quoting kingdomk
Apols can't post chart at the moment, but watching the NC swing high failure, loading up the sells waiting for a move south to complete last Wednesdays drop. Don't quote me but I'm expecting NC to come close to S78/100 this week, the NZD dovish statement last week should still be lingering in the markets this week.
Finally make the move I've been anticipating, thanks Davit. Was in some DD (admittedly due poor re-entry) but blasted a few shots at the swing highs and now back in profits. Want to hold this but will see how PA reacts
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  • #28,042
  • Apr 1, 2019 10:18am Apr 1, 2019 10:18am
Quoting 1pipperhour
{quote} I'm confused also. Some hours ago you sold UJ, now buying. Looks like you are forcing the market or over trading. You don't have to be on the market all the time. There's no consistency in this behaviour. Your trade could work but not over series amount of trades. It would have made more sense when you've bought at gap or DO. But you're entering at the top where I don't see even clear break out. But good luck, this is your trade, you decide
Sorry brother i know the rules but in that i am not playing with my real money that is a contest and i takes a quick setup next time i will never post the trades like that in my real trading i am very careful i am trying to do best trading and improving my abilities by these contests you can see the results
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Trading is about paying attention. Davit
  • #28,043
  • Apr 1, 2019 10:20am Apr 1, 2019 10:20am
Quoting 1pipperhour
{quote} Better not post this kind of trades. They confuse others and are not part of the system. Best of luck in contest.
next time i will not post and also i will not take the setups like this those are against the system
Trading is about paying attention. Davit
  • #28,044
  • Apr 1, 2019 10:26am Apr 1, 2019 10:26am
Quoting asgharhussai
{quote} next time i will not post and also i will not take the setups like this those are against the system
You could create a thread in the Trading Journal section for your followers, put the link in your signature as well.

Cheers!
Trade with confidence, trade without fear.
  • #28,045
  • Apr 1, 2019 10:29am Apr 1, 2019 10:29am
Quoting mizi123
{quote} But is breaking the rules and these can turn against you (him) ...
I closed
Trading is about paying attention. Davit
  • #28,046
  • Apr 1, 2019 10:31am Apr 1, 2019 10:31am
Quoting Cryptosurf
{quote} You could create a thread in the Trading Journal section for your followers, put the link in your signature as well. Cheers!
i dont want to be part of any other thread i will stay with Davit' s system
Trading is about paying attention. Davit
  • #28,047
  • Apr 1, 2019 11:18am Apr 1, 2019 11:18am
Big news event for AUD this evening.

Last week was NZD pair turn to shake things up, no surprise they signaled that they are planning to cut rates in the future. It would be a safe to continue to expect the major markets to continue with the same thing. I expect AUD to say the same thing as everyone else, more government spending, more "QE", lower interest rates in future.

I'm not betting the house, but I have some trades on AUD and feel confident about what will be said tonight.

AUD/NZD short position of about .5 lots ATM
EUR/AUD long .3 lots ATM

I'm looking to get about 1 whole lot in AUD trades, which for this account will be about 1/3 of my total trading size ATM my completely invested amount is 3 lots which allows a large amount of room for DD. Currently I'm rocking out 1000:1 leverage which may seem overwhelming but it really isn't if you have experience. I set aside about 40-60 pip stop loss/hedge for every single trade.

Every account is different, it isn't complicated but at the same time it is complicated because there are a lot of moving parts.

EUR/AUD has a negative swap, I won't be holding it for more than one day of swap.
AUD/NZD has a small negative swap; I started this position last Friday, I'm not too worried about the swap costs. The pivot has updated for this week, when I started the position last week the pivots were much more favorable.

I think there are other good ways to play the news event tonight with other pairs. Please manage your position responsibly, it isn't wise to go all in on a big news event or any event. Anything can/will happen; be prepared for any possibility.

Maybe too much information, but I'm hoping there may be bits that are helpful for some.

Best to all!
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  • #28,048
  • Apr 1, 2019 11:37am Apr 1, 2019 11:37am
My notes for this week. They are general notes to support my decision when trading from pivots with low lots.

I have tried anticipating news before and was on the wrong end of a surprise announcement, now I prefer to wait for the news to come out.
Attached File(s)
File Type: docx Week 14.docx   20 KB | 275 downloads
  • #28,049
  • Apr 1, 2019 11:57am Apr 1, 2019 11:57am
Loading up the sells @ R78 for UJ
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  • #28,050
  • Edited 1:28pm Apr 1, 2019 12:02pm | Edited 1:28pm
Be glad that you have found one teachable and responsible trader for FREE...
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  • #28,051
  • Apr 1, 2019 12:08pm Apr 1, 2019 12:08pm
Quoting kingdomk
Loading up the sells @ R78 for UJ {image}
starting loading some too.

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An advice, remove the Moving Average from your charts.
"In the end you only trade yourself."
  • #28,052
  • Apr 1, 2019 12:20pm Apr 1, 2019 12:20pm
Citibank Wealth Management's FX Insight Bulletin

Attached File(s)
File Type: pdf fx_insight_e.pdf   901 KB | 1,973 downloads
  • #28,053
  • Apr 1, 2019 12:26pm Apr 1, 2019 12:26pm
Quoting kingdomk
{quote} Finally make the move I've been anticipating, thanks Davit. Was in some DD (admittedly due poor re-entry) but blasted a few shots at the swing highs and now back in profits. Want to hold this but will see how PA reacts {image}
Although I expect this to go lower, I've closed all my positions on this for approx 50 pips profit, I'm not complaining but I'll make a note I could have handled this better.
  • #28,054
  • Edited 1:40pm Apr 1, 2019 12:53pm | Edited 1:40pm
Closed AN with a small profit of 5 Bucks. Granted it was a bad entry, however it beats a losing trade. In on UJ going short.
You NEVER will be the person you could be, without pressure & discipline
  • #28,055
  • Apr 1, 2019 12:54pm Apr 1, 2019 12:54pm
Quoting r61
{quote} starting loading some too. {image} An advice, remove the Moving Average from your charts.
Yes it is time for Shorts!
renko
  • #28,056
  • Apr 1, 2019 1:01pm Apr 1, 2019 1:01pm
Quoting DiamondMiner
Closed AN with a small profit of 5 Bucks. Granted it was a bad entry, however it beats a losing trade.
I could see what your long game was on it. I'm keeping an eye on it here. It very well may resolve to the upside, but it was looking pretty stretched and now going sideways. Tonight's data may be the deciding factor.
Trade with confidence, trade without fear.
  • #28,057
  • Apr 1, 2019 1:05pm Apr 1, 2019 1:05pm
Quoting r61
{quote} starting loading some too. {image} An advice, remove the Moving Average from your charts.
Although everything looks good for this trade, I'm going to hold off until around 111.80 ish. I think I may have a bias, but that was a large gap up from Sunday open, no doubt it will get closed eventually. I have noticed when gap doesn't get filled within 4 hrs from open, price tends to take a few days to fill and also tends to keep moving away from the gap fill for some time.

Again trade looks good pivot wise and for a few other reasons, so nice looking trade.

Hope it will pay off soon for everyone!
  • #28,058
  • Apr 1, 2019 1:21pm Apr 1, 2019 1:21pm
Quoting fantasydank
Citibank Wealth Management's FX Insight Bulletin {image}
you can tell me how to get weekly citibank analysis report
  • #28,059
  • Apr 1, 2019 1:56pm Apr 1, 2019 1:56pm
Quoting thisara1
{quote} you can tell me how to get weekly citibank analysis report
Source: Bloomberg L.P.
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  • #28,060
  • Apr 1, 2019 2:00pm Apr 1, 2019 2:00pm
Looking CJ
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