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Pivot Trading

  • #30,841
  • Jun 4, 2019 8:48pm Jun 4, 2019 8:48pm
Quoting Cryptosurf
{image} Closed out of EN as well.
Very nice! Happy you made $$$
In trading, you have to be defensive and aggressive at the same time
  • #30,842
  • Jun 4, 2019 8:52pm Jun 4, 2019 8:52pm
Decided to close EC as well. Will most likely hit this on bounce up which I think likely.
this week so far
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In trading, you have to be defensive and aggressive at the same time
  • #30,843
  • Jun 4, 2019 8:56pm Jun 4, 2019 8:56pm
Quoting Davit
{quote} Nice photo of you and your daughter I assume!
She is my inspiration, my motivation! All the hard work I do on the construction labor and behind the screen is to make sure she has the possibility to go to school and have a bright future
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  • #30,844
  • Jun 4, 2019 8:59pm Jun 4, 2019 8:59pm
Quoting TamRoofer
{quote} She is my inspiration, my motivation! All the hard work I do on the construction labor and behind the screen is to make sure she has the possibility to go to school and have a bright future {image} {image}
Very beautiful my friend and your heart is on right place.You do live in my kind of place woody and close to nature.I am not a city guy inside.I try to get away on my motorcycle as often I can.
In trading, you have to be defensive and aggressive at the same time
  • #30,845
  • Jun 4, 2019 9:11pm Jun 4, 2019 9:11pm
Got to go to bed wake up 4.30am
Want to close this evening with this.There are lots of ignorant traders out there guys who say "Pivots are subjective bunch of lines etc"
What traders need most is observational skills.You only need to look at the charts!
Watch where price stopped on EC right on WP coincidence? Random? Don't think so.There are thousands of examples on this thread literally.
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In trading, you have to be defensive and aggressive at the same time
  • #30,846
  • Jun 5, 2019 1:25am Jun 5, 2019 1:25am
Quoting Davit
Got to go to bed wake up 4.30am Want to close this evening with this.There are lots of ignorant traders out there guys who say "Pivots are subjective bunch of lines etc" What traders need most is observational skills.You only need to look at the charts! Watch where price stopped on EC right on WP coincidence? Random? Don't think so.There are thousands of examples on this thread literally. {image}
People should respect the way tey each like to operate...and shold be more humble .Every person has a profile..Without humility the ignorant will not go far.
  • #30,847
  • Jun 5, 2019 2:42am Jun 5, 2019 2:42am
I'm gradually exiting from a wide exposure on JPY short, some profits begin to show up and above all DD decreases and I've margin to open new trades.
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Porta itineris dicitur longissima esse
  • #30,848
  • Jun 5, 2019 3:54am Jun 5, 2019 3:54am
NJ Long coming back. Truly, it's all about patience.
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You NEVER will be the person you could be, without pressure & discipline
  • #30,849
  • Jun 5, 2019 3:55am Jun 5, 2019 3:55am
Glad closed EC now got my double dipping
After ECB should break 50.Fundamentally with Brexit on its tail Euro can only get weaker with huge chunk of member state separating.
ECB is continuing its dovish projections and with new slowing global economies it will only get worse.
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In trading, you have to be defensive and aggressive at the same time
  • #30,850
  • Jun 5, 2019 3:56am Jun 5, 2019 3:56am
I have no trade this week.
Just relax in Florida, where I have a small condo for seasonal stay.
I flew 10 hours on Monday.
Yesterday I visited Donald Trump in Orlando-FL, I told him, "Thank you for stopping of mess up the economy around the world."
I have good margin to trade, although I also have some exposure in JPY.
I wish many greens pips for everyone there, and please believe me: you are in the best FF thread.
Trump sent you a thumb up too, lol.


ps. that is not a Madame Tussauds, but a nice place to visit in orlando
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  • #30,851
  • Jun 5, 2019 4:16am Jun 5, 2019 4:16am
Quoting ppxdf
I have no trade this week. Just relax in Florida, where I have a small condo for seasonal stay. I flew 10 hours on Monday. Yesterday I visited Donald Trump in Orlando-FL, I told him, "Thank you for stopping of mess up the economy around the world." I have good margin to trade, although I also have some exposure in JPY. I wish many greens pips for everyone there, and please believe me: you are in the best FF thread. Trump sent you a thumb up too, lol. ps. that is not a Madame Tussauds, but a nice place to visit in orlando {image}
Welcome back to Florida! On JPY pairs no worries. Yen will get weaker soon BOJ will make sure of it.They are already planning more stimulus .Japanese economy is depended on cheap yen its basically their only tool since they are mostly export based economy.
I have done this long enough to allow the market to correct.Let it be.

Trump lost a lot of weight
In trading, you have to be defensive and aggressive at the same time
  • #30,852
  • Jun 5, 2019 4:23am Jun 5, 2019 4:23am
Dont short AC not yet
When you see formations like this dont.Right above pivot below R38 in no mans land.Price is consolidating but often its just bears and bulls are in stalemate.
To see why you must look at the majors UC and AU
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In trading, you have to be defensive and aggressive at the same time
  • #30,853
  • Jun 5, 2019 4:39am Jun 5, 2019 4:39am
as a side note May closed -1600 already recovered that in 2days and 700+ for this month

It is not enough for a man to know how to ride; he must know how to fall. ~Mexican Proverb

We'll keep it pilling in
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In trading, you have to be defensive and aggressive at the same time
  • #30,854
  • Edited 6:59am Jun 5, 2019 6:36am | Edited 6:59am
As this comment is slightly outside Davit rules i will wait he give me permission for explain it. I only will make a small observation

Im some time thinking how deal with strong trends. As people knows PV swing levels works great in range but in strong trends you can suffer over extended levels ( above 100 ). Even watching PA is hard know when a retracement is real swing in this kind of moments.

After some analysis i saw if you use ADR week for make current PV levels, that levels are closer to movements. This happens because if you are in a strong trend this levels are wider. But trend movements are temporal in overall then these levels alterations not show real areas. Using new approach you have constant levels ( small variation ).

I set a few rules for cover all possibilities. I will wait Davit decide if is interesting. Personally i see this approach give more entry precision and more mechanical behavior...
Try don't lose pants never...
  • #30,855
  • Jun 5, 2019 7:22am Jun 5, 2019 7:22am
Quoting braintheboss
As this comment is slightly outside Davit rules i will wait he give me permission for explain it. I only will make a small observation Im some time thinking how deal with strong trends. As people knows PV swing levels works great in range but in strong trends you can suffer over extended levels ( above 100 ). Even watching PA is hard know when a retracement is real swing in this kind of moments. After some analysis i saw if you use ADR week for make current PV levels, that levels are closer to movements. This happens because if you are in a strong...
nice...
  • #30,856
  • Jun 5, 2019 9:32am Jun 5, 2019 9:32am
JPY strength and resilience is amazing.
Porta itineris dicitur longissima esse
  • #30,857
  • Jun 5, 2019 10:45am Jun 5, 2019 10:45am
EU holding buy and short
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  • #30,858
  • Edited 5:53pm Jun 5, 2019 10:58am | Edited 5:53pm
Quoting bubincka
JPY strength and resilience is amazing.
Yeah, currently my NJ went back to DD, could have got out with a small profit, however I stayed in because I didn't enter the trade for Beer Money. However I can only take what the market will give me.
You NEVER will be the person you could be, without pressure & discipline
  • #30,859
  • Jun 5, 2019 11:04am Jun 5, 2019 11:04am
Quoting DiamondMiner
{quote} Yeah, currently my NJ went back to DD, could have got out with a small profit, however I stayed in because I didn't enter the trade for Beer Money.
as davit say, Yen will get weaker soon
  • #30,860
  • Jun 5, 2019 11:28am Jun 5, 2019 11:28am
Quoting tehtawar
{quote} Watching this one too, next week will nurture them all
Patient is always the key
Stay low, Go fast - No luck, All skill
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