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Pivot Trading

  • #28,821
  • Apr 15, 2019 4:04pm Apr 15, 2019 4:04pm
Quoting EcoTrader
The market is in a peculiar place. We went from synchronised expansion to a longer and more protracted softening than was forecast. This made central banks take their foot off the breaks and move into wait and see mode. Without central bank influences the market has to look at the incoming data for direction. Mixed data can cause unexpected moves and anyone trading positions that are open for several sessions should be aware that they are more exposed than normal. Canada currently has issues with trade and tariffs, issues with China, problems with...
Yet, we see swings everywhere. This system capitalizes on this fact. I look at the calendar on Sundays to prepare myself for which swing to use.
  • #28,822
  • Apr 15, 2019 4:15pm Apr 15, 2019 4:15pm
Quoting EcoTrader
The market is in a peculiar place. We went from synchronised expansion to a longer and more protracted softening than was forecast. This made central banks take their foot off the breaks and move into wait and see mode. Without central bank influences the market has to look at the incoming data for direction. Mixed data can cause unexpected moves and anyone trading positions that are open for several sessions should be aware that they are more exposed than normal. Canada currently has issues with trade and tariffs, issues with China, problems with...
You are removed from here.Checked your charts you don't even have single chart with pivots and you are lecturing here about trading.
Green postures ahead somewhere else.
In trading, you have to be defensive and aggressive at the same time
  • #28,823
  • Apr 15, 2019 4:26pm Apr 15, 2019 4:26pm
Quoting RieseP
Looking at A/U.... will wait to see how market reacts after FOMC
You are temporarily removed from here.I'll make the decision when to get you in again.

This mythology and principles are greater then most realize.Its going to take time my advise say less and observe more.
Its not going to get derail by noobs, trolls and do gooders with faulty advises.

We are back at Pivots! Read the 1st page!
In trading, you have to be defensive and aggressive at the same time
  • #28,824
  • Apr 15, 2019 4:58pm Apr 15, 2019 4:58pm
Quoting EcoTrader
The market is in a peculiar place. We went from synchronised expansion to a longer and more protracted softening than was forecast. This made central banks take their foot off the breaks and move into wait and see mode. Without central bank influences the market has to look at the incoming data for direction. Mixed data can cause unexpected moves and anyone trading positions that are open for several sessions should be aware that they are more exposed than normal. Canada currently has issues with trade and tariffs, issues with China, problems with...

What is this got to do with what we trade here? It doesn’t matter at all. We trade simple probabilities. Between 61-100. Pass 100 - get out. Trade ether works or not. If your price not in the zone before news wait for it. If near - watch PA- take Trade. Why speculate” what’s going to happen?”. Waste of time....
  • #28,825
  • Apr 15, 2019 6:18pm Apr 15, 2019 6:18pm
Quoting Pent56
{quote} Sorry for your loss but looking at your trades it would appear it was your USD/JPY trade that caused you major problems. You need to set a hard stop at least in your head and stick to it. Losses are part of trading. Trading is a business and all businesses have costs associated to them. As a trader we have very few overheads so I treat any loss as a 'business overhead' and then get on with looking for the next good opportunity. I would echo what other traders have said and be questioning that broker and submitting charts to them from other...
Luckily I don't lose my slept this night, and early this morning Exness gave my money back more than I should have with about 1/3 still floating trades became my balance.

Next I still consider Davit advice for moving to US regulated broker, use hard SL, go to election and pray Easter Eve.

Thank you for all symphaty, advice and praying for me.

Green Pips to all of you.
God always good for us...
Just Small Pips Return Today: na
  • #28,826
  • Edited Apr 16, 2019 3:52am Apr 15, 2019 8:22pm | Edited Apr 16, 2019 3:52am
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Closed AJ with 508 Pips
You NEVER will be the person you could be, without pressure & discipline
  • #28,827
  • Edited 9:19pm Apr 15, 2019 8:25pm | Edited 9:19pm
price action for AUD is bearish
I am selling AU
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  • #28,828
  • Apr 15, 2019 8:41pm Apr 15, 2019 8:41pm
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  • #28,829
  • Edited 9:14pm Apr 15, 2019 8:43pm | Edited 9:14pm
From the RBA

"Members also discussed the scenario where inflation did not move any higher and unemployment trended up, noting that a decrease in the cash rate would likely be appropriate in these circumstances."

����

Data that will be released on Thursday re Unemployment/Employment are very critical.
Fortune favors the brave.
  • #28,830
  • Apr 15, 2019 8:46pm Apr 15, 2019 8:46pm
AU
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In trading, you have to be defensive and aggressive at the same time
  • #28,831
  • Apr 15, 2019 8:47pm Apr 15, 2019 8:47pm
letting AJ run
AC in profit despite of spike!!!!!!!
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In trading, you have to be defensive and aggressive at the same time
  • #28,832
  • Apr 15, 2019 8:57pm Apr 15, 2019 8:57pm
Quoting Davit
letting AJ run AC in profit despite of spike!!!!!!! {image}
Quoting Davit
Took a short on AJ This was last weeks "lowest hanging fruit" Cryptosurf trademark remark {image}
Played out nicely indeed!
Trade with confidence, trade without fear.
  • #28,833
  • Apr 15, 2019 8:59pm Apr 15, 2019 8:59pm
Quoting nangkring
{quote} .......and praying for me. Green Pips to all of you.
Hoping and praying are wholly inappropriate behaviours in trading.

They go directly against Mark Douglas' principles of randomness, probability and not knowing (and not caring) what happens next.

Hoping and praying (and gambling) are behaviours that are reinforced on a Variable Ratio Schedule.

SOMETIMES they work but MOST of the time they don't. Because they SOMETIMES work people keep doing it regardless.

(Stretched) Variable Ratio Schedules are the most addictive schedules and lead to high frequency behaviours, particularly in gambling (think slotmachines). Casinos use these schedules to hook people so that in the end they lose ALL their money.
  • #28,834
  • Apr 15, 2019 9:02pm Apr 15, 2019 9:02pm
Quoting Cryptosurf
{quote} {quote} Played out nicely indeed!
MM already priced in whatever the news. AJ was last week's 100R your hanging fruit AC hit R61 I can go on and on but frankly today's posts were disappointing to me.I spent so much time here elevating the Trading to high level and slightest turbulence it goes to shit at least to some of you.

If I had my forum I know who to invite and frankly don't have that option here.
In trading, you have to be defensive and aggressive at the same time
  • #28,835
  • Apr 15, 2019 9:08pm Apr 15, 2019 9:08pm
Still in DD..

But I think I still need more patience so I can go out on these AUD pairs with decent profits and smaller losses from last week's wrong/early entries.... Most especially on AN...

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We're not here to be right, we're here to Profit Consistently!
  • #28,836
  • Apr 15, 2019 9:21pm Apr 15, 2019 9:21pm
Quoting Davit
{quote} MM already priced in whatever the news. AJ was last week's 100R your hanging fruit AC hit R61 I can go on and on but frankly today's posts were disappointing to me.I spent so much time here elevating the Trading to high level and slightest turbulence it goes to shit at least to some of you. If I had my forum I know who to invite and frankly don't have that option here.
Agree completely, AJ was a prime setup.

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Trade with confidence, trade without fear.
  • #28,837
  • Apr 15, 2019 9:27pm Apr 15, 2019 9:27pm
Quoting Pent56
I for one love the spike ups/downs and price action after. Always looking to place an order at wholesale prices.
AUD/CAD 15min:
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AUD/JPY 15min:
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Worth getting up in the middle of the night for!
  • #28,838
  • Apr 15, 2019 9:38pm Apr 15, 2019 9:38pm
Quoting Happylin
Good job ! {image} {image}
removed
Please use my template and indicators so we can be all on same page
Offenders using other indicators will be removed without notice

page 1!!!
In trading, you have to be defensive and aggressive at the same time
  • #28,839
  • Apr 15, 2019 10:08pm Apr 15, 2019 10:08pm
AUD trades in
Negative forecast for GDP data from China (coming out on Wednesday) talk of slowdown everywhere including in Today's RBA minutes. AUD selloff to probably continue I don't know but I will watch weekly pivot levels and Price Action for clues on what to do.
  • #28,840
  • Apr 15, 2019 10:17pm Apr 15, 2019 10:17pm
Good evening Davit,

I have reviewed 360 posts from #1. It is clear and straightforward. I will continue reviewing posts however do you recommend a method, specific posts that will give additional insight or indicators? Or should I review all 1443 pages, about 300 hours. I am willing to put in the time, just want to get started. I am not a new trader but have spent time studying different methods and systems. Yours seems to suit my personal style more than others. Thanks very much!
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