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Pivot Trading

  • #29,061
  • Apr 18, 2019 5:15am Apr 18, 2019 5:15am
There we go, fixed! Loaded up some shorts on AUDCAD, was on coffee break as it was going down so didn't load up as much as I wanted, but its still a nice size
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  • #29,062
  • Apr 18, 2019 5:17am Apr 18, 2019 5:17am
I'm done for the month,going to holidays.
Happy Easter to everyone
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Take what you can, give nothing back
  • #29,063
  • Apr 18, 2019 5:19am Apr 18, 2019 5:19am
Closed AJ and UJ also.

"If you walk down the street and find 100$ on the floor, would you leave it and keep walking in hopes to find $200?"
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  • #29,064
  • Apr 18, 2019 5:24am Apr 18, 2019 5:24am
Quoting Davit
Trading is not just trading.Its a self-discovery. {image}
Love this sentence!
Money is a part of what turns you into who you are.
  • #29,065
  • Apr 18, 2019 5:25am Apr 18, 2019 5:25am
Quoting Husky77
I'm done for the month,going to holidays. Happy Easter to everyone {image}
Enjoy your holidays.Nice gain
In trading, you have to be defensive and aggressive at the same time
  • #29,066
  • Apr 18, 2019 5:32am Apr 18, 2019 5:32am
Quoting Davit
Why this matters. Accept yourself as you are. Otherwise you will never see opportunity. You will not feel free to move toward it; you will feel you are not deserving. Maxwell Maltz When you are always happy taking 50 dollar profit perhaps you can't imagine taking 500 dollar one. It goes deeper then numbers. I made over 20k profit few months ego because I allowed the possibility to achieve it and had the courage to act.After that my horizons opened even wider.With every push you are expending the boundaries of your performance and mindset. Trading...
Thanks so much for this reminder Davit...
Very inspirational...

My account was down right now because of too many orders on AN and AC. Everything for the past month's gains were erased just because I did not maintain my lot sizes, which was a very stupid mistake, thinking that AUD was already ripe before to go down...

Suffered the consequences.. But also another lesson learned.. Will keep grinding to maintain that constant good risk management..

For today's trades, trying now to recover.. Slowly but surely... A great strategy with poor MM is never going to be a winner..
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We're not here to be right, we're here to Profit Consistently!
  • #29,067
  • Apr 18, 2019 5:32am Apr 18, 2019 5:32am
going to dentist in 30 min with deep cleaning.Not looking forward will be sore all day.... may miss the fireworks at 8.30
In trading, you have to be defensive and aggressive at the same time
  • #29,068
  • Apr 18, 2019 5:38am Apr 18, 2019 5:38am
Quoting Davit
going to dentist in 30 min with deep cleaning.Not looking forward will be sore all day.... may miss the fireworks at 8.30
My mother is a dental hygienist, so I have a basic understanding of how you will feel for the rest of the day Good luck!
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  • #29,069
  • Apr 18, 2019 5:38am Apr 18, 2019 5:38am
Quoting ranilo.vince
{quote} Thanks so much for this reminder Davit... Very inspirational... My account was down right now because of too many orders on AN and AC. Everything for the past month's gains were erased just because I did not maintain my lot sizes, which was a very stupid mistake, thinking that AUD was already ripe before to go down... Suffered the consequences.. But also another lesson learned.. Will keep grinding to maintain that constant good risk management.. For today's trades, trying now to recover.. Slowly but surely... A great strategy with poor MM...
With each mistake it presents opportunity to gain knowledge and experience.
In short you are not your mistakes! Mistakes are necessary components of success.No successful person achieved anything without mistakes.


I've been down many times but always felt confident on my convictions despite of wife friends dragging me down....
Wife would come to me and say she met a smart person who lost 150k in forex and told its impossible to succeed...You know the drill friends saying "You are delusional"
You must put that in the box and throw it in garbage!
In trading, you have to be defensive and aggressive at the same time
  • #29,070
  • Edited 7:43am Apr 18, 2019 6:00am | Edited 7:43am
AUDNZD
Some 15+ years ago or even 3 years ago if I had been asked "Do you trade AUDNZD?"
Most likely answer "No" or "Rarely, if at all"!!
Pivot Trading changed my entire concept. Thank you.
A great pair for range trading. Low ADR and a more sedate pair to trade with few surprises!
Preference Buy only especially below 1.0800 - some way to go!
Multiple entries since 3-27 on way up and take profit.
I will consider closing current trades. Total Pips to date 5816 including current positions.
Easter Holiday Down Under, Good Friday, Easter Monday and often Tuesday too.
With the Close above R100 and retest to R78 is this trend to continue? Probability high?
Daily chart shows trend development with new week starting above each WP.
The same for the end of this week too!
Advice: Always at the end of the trading day look at the H4 and more especially the Daily candle.
At the end of the week look at the Daily and Weekly candles. There are often messages there!
Can often give a great insight into the next week.
Above all:
Price Action - Pivots - Events

0840 4-18
Consolidation below Resistance is a Bullish sign (R100-R78-R100). 1.0700 break! How much further?
R138 or R161 today?
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  • #29,071
  • Apr 18, 2019 6:25am Apr 18, 2019 6:25am
watching EN for short opportunity
  • #29,072
  • Apr 18, 2019 6:44am Apr 18, 2019 6:44am
Quoting Davit
Trading is not just trading.Its a self discovery. {image}
I read this definition somewhere : "Trading is the ultimate psychology".
Porta itineris dicitur longissima esse
  • #29,073
  • Apr 18, 2019 7:32am Apr 18, 2019 7:32am
Quoting Davit
Why this matters. Accept yourself as you are. Otherwise you will never see opportunity. You will not feel free to move toward it; you will feel you are not deserving. Maxwell Maltz When you are always happy taking 50 dollar profit perhaps you can't imagine taking 500 dollar one. It goes deeper then numbers. I made over 20k profit few months ego because I allowed the possibility to achieve it and had the courage to act.After that my horizons opened even wider.With every push you are expending the boundaries of your performance and mindset. Trading...
You remind me of one of the fundamental concepts of existence and learning with which I compare myself and which I try to overcome, not without difficulty: the limit of the comfort zone, one's own psychological area where everything is familiar and where you always feel safe. The personal success you are looking for is not found in the comfort zone, otherwise you would have already reached it without difficulty: it is outside and to get it you have to enter your learning area, full of new emotions and without limits to growth. In fact it is right outside the comfort zone that there is a world of opportunities and learning. Experience and success are acquired by leaving the comfort zone.
Discipline and winning attitude
  • #29,074
  • Apr 18, 2019 7:36am Apr 18, 2019 7:36am
U.S data is super Green
  • #29,075
  • Apr 18, 2019 7:37am Apr 18, 2019 7:37am
Cad data is print green But still negative movement..
  • #29,076
  • Apr 18, 2019 7:46am Apr 18, 2019 7:46am
closed EU again
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  • #29,077
  • Apr 18, 2019 7:52am Apr 18, 2019 7:52am
Quoting greenfxx
Cad data is print green But still negative movement..
Revised to red. That's sort of neutral. But it's closing day for the week so I believe it will not move higher today.
AC trade is the last trade for me this week, will close it today and not carry over to next week. Spread should be higher tomorrow and Monday so staying aside.
Next week starts on Tuesday for me.
  • #29,078
  • Apr 18, 2019 7:53am Apr 18, 2019 7:53am
Quoting greenfxx
Cad data is print green But still negative movement..
Yes that is because the US datas ar more hevy but the cad is posicioned in very good area for shorting, i wish to was monday today but anyway next week gona be awesome i think
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  • #29,079
  • Apr 18, 2019 7:58am Apr 18, 2019 7:58am
These wick is a sighn that here are to many BEARS
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  • #29,080
  • Apr 18, 2019 8:00am Apr 18, 2019 8:00am
Quoting greenfxx
Cad data is print green But still negative movement..
It will move when WTI moving up
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