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Pivot Trading

  • #30,901
  • Jun 7, 2019 2:09am Jun 7, 2019 2:09am
Hi guys
Not happy today.Normally Friday is my day off but they scheduled me to work....so I wont be here for the NFP and most likely will be nice opportunties missed.
Stay focused and make
In trading, you have to be defensive and aggressive at the same time
  • #30,902
  • Jun 7, 2019 2:12am Jun 7, 2019 2:12am
Quoting Marcieny
Congratulations to everyone here...On thread where everyone helps the next , only tends to grow more and more..I see it Here. Davit sorry for any posts here...I belong a different way of negotiation...more I like of your thread too Green Pips for all !!!
Sorry but going to remove you from here since you dont trade this system and prefer no distractions.
In trading, you have to be defensive and aggressive at the same time
  • #30,903
  • Jun 7, 2019 2:13am Jun 7, 2019 2:13am
Quoting DiamondMiner
{quote} Davit, you never cease to amaze, congrats.....
Thanks buddy sometimes I do get lucky
In trading, you have to be defensive and aggressive at the same time
  • #30,904
  • Jun 7, 2019 2:16am Jun 7, 2019 2:16am
EC may spike up and keep an eye on it above 51 fair game.Worth noting CAD data should be noticed and considered in context
In trading, you have to be defensive and aggressive at the same time
  • #30,905
  • Jun 7, 2019 3:39am Jun 7, 2019 3:39am
My NJ Long is trying to gain ground
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You NEVER will be the person you could be, without pressure & discipline
  • #30,906
  • Jun 7, 2019 7:01am Jun 7, 2019 7:01am
I closed my CJ long.

I need to lighten my overall exposure towards Yen and free positions to be able to put on other trades, UC could be worth watching.
My week went well, DD is still there but under control and managed.
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Porta itineris dicitur longissima esse
  • #30,907
  • Jun 7, 2019 7:13am Jun 7, 2019 7:13am
Hi my fellow traders came back to you after Eid vocations finding setups but not lucky to find any friday is a low liquidity day for me always today Dollar $ is too much weak so watching the market is in very interesting mode i hope next week will come with more opportunities
Trading is about paying attention. Davit
  • #30,908
  • Jun 7, 2019 7:18am Jun 7, 2019 7:18am
Quoting bubincka
I closed my CJ long. I need to lighten my overall exposure towards Yen and free positions to be able to put on other trades, UC could be worth watching. My week went well, DD is still there but under control and managed. {image} {image} {image}
Good job done my dear
Trading is about paying attention. Davit
  • #30,909
  • Edited 9:20am Jun 7, 2019 7:42am | Edited 9:20am
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}
Come here, obey the rules of this thread and you may be happy, as I am.
I am in the best beach of United State. ( ClearWater FL, near Tampa-FL).
and you, on the best FF thread..
Yes, I also made some green pips this week, despite few time watching my screen.
Profit in Jun, so far . (06/03 to 06/07 Gain: 1.96% -- us$ 533.87)
AVERAGE 18 weeks . (us$ 10,870.20 / 18 weeks -- us$ 603.00)

Thanks God, Thank you Davit, and also thanks to you that, in some way, also contributes to the consistency of this thread . !!!!
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  • #30,910
  • Edited 11:31am Jun 7, 2019 7:58am | Edited 11:31am
Closed NJ for a small profit, previously was -268 in DD. Again, I can only take what the Market will give me. There is always another trade. The money may be small, but so was the investment. Thanks Davit !!!
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You NEVER will be the person you could be, without pressure & discipline
  • #30,911
  • Jun 7, 2019 9:06am Jun 7, 2019 9:06am
Quoting bubincka
I closed my CJ long. I need to lighten my overall exposure towards Yen and free positions to be able to put on other trades, UC could be worth watching. My week went well, DD is still there but under control and managed. {image} {image} {image}
Were you able to hold and reload at the bottom? I saw where you entered first, I had same entries and I was holding till last night. Got out bit sooner but still with profit. Good job!
  • #30,912
  • Jun 7, 2019 9:13am Jun 7, 2019 9:13am
Great week guys. Thanks to all who participated in our thread. For help support and wisdom. Without you without Davit it is all wouldn’t be possible. Congratulations to those who made money, for those who lost - patience guys, keep working it’s all worth it. Have a great weekend guys. Next week more opportunities!
  • #30,913
  • Jun 7, 2019 9:20am Jun 7, 2019 9:20am
Great week...all around with cad being the big win for me....but caught many obvious pivot oscillations with modest gains....very few losses.....holding EN atm but considering closing as volume and momentum slow for the weekend....anyway, just wanted to express appreciation for all you have done to bring weekly pivot trading to our attention Davit, and your steadfast teaching methods even when you are frustrated with the lack of appreciation for the method. Also, a thank you to all who post both their wins and their losses and for your participation as it shows realism in a real trading environment. Nice weekend to all.
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  • #30,914
  • Jun 7, 2019 10:27am Jun 7, 2019 10:27am
Quoting denisius
{quote} Were you able to hold and reload at the bottom? I saw where you entered first, I had same entries and I was holding till last night. Got out bit sooner but still with profit. Good job!
Hi denisius,

I did that way, me too exited a bit early, left almost 20 pips on the table, you can't get it all.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #30,915
  • Jun 7, 2019 10:41am Jun 7, 2019 10:41am
This move on Cad was huge...and will definitely change many markets... exports, imports, commodities and even things like tourist industries. For example, a couple of weeks ago my wife and I got to enjoy a beautiful trip from Seattle to Alaska and certainly worth the price.....but for every Canadian dollar we were charged very close to 140%exchange.... this move and the momentum behind it, I would expect closer to 130% over the next few weeks and that will certainly impact the US tourist industry by Canadians. We used to vacation in Hawaii, California, Florida, Nevada and other US destinations but found it too expensive of late. Anyway just contributing a few thoughts on currency impacts....with a good understanding of their impact in the real world can really help us traders assess the market.

Another thought....when you prosper from trading or business activities, or just good employment, take the time to enjoy the process by using your wealth to feast and rest and enjoy what you have accomplished....travel expands your perspective on life and can be the very thing one needs when taking on challenges of everyday life....

Anyway...go Cad go!!!! I feel the need for another trip...haaaa
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  • #30,916
  • Edited 1:19pm Jun 7, 2019 11:04am | Edited 1:19pm
Quoting Swede
Great week...all around with cad being the big win for me....but caught many obvious pivot oscillations with modest gains....very few losses.....holding EN atm but considering closing as volume and momentum slow for the weekend....anyway, just wanted to express appreciation for all you have done to bring weekly pivot trading to our attention Davit, and your steadfast teaching methods even when you are frustrated with the lack of appreciation for the method. Also, a thank you to all who post both their wins and their losses and for your participation...
Yes realism. Like the Kenny Rogers song you have to know when to hold them and know when to fold them. I closed my Corona trade this week at a loss. I only like to look at it if the stars align. Which is the USD $ at a high resistance level and the UM pair at a resistance zone as well. This weeks double whammy that got me was the "Donald" effect with the Tariff announcement out of the blue. Plus the Peso got downgraded with their credit score lowered from +BBB to BBB. At one point on Wednesday I was within $20 of break even I was optimistic that a deal would be reached when it wasn't by early Thursday afternoon I decided to close it, as I did not want to be left a bag holder. As I've indicated before its a very volatile pair, however I have succeeded with it on many prior occasions. I closed my CJ last night prior to CAD news this morning the second one of the week. I had some NQ losses which were completely my fault. I have quick order entry buttons on my trading platform that I program, and I programmed a new one and did it to sell instead of buy and failed to notice. I clicked some orders and got busy on the phone. I was looking to buy it up to 7200. Oh well my Father used to say the Man that does F#^k all wrong is the Man that does F3^k all! Still working a little more today not quite done for the week. EDITED now officially done for the day SP500 day trades closed out on sell orders above the R100 levels. I got stopped out on my trailing stop on 1 minute charts on one order and closed the other manually. Time to go run some errands.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #30,917
  • Jun 7, 2019 12:14pm Jun 7, 2019 12:14pm
CJ on a one hour. I measured next weeks levels and snapped in a lime green line where R61 will approximately be next week. I've entered this trade again and have also placed a buy order at the T1 level in case we get any pullback.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #30,918
  • Jun 7, 2019 12:17pm Jun 7, 2019 12:17pm
Getting late now but a nice pattern to think about with huge confluence ADR,pivot R6 etc.
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  • #30,919
  • Edited 2:41pm Jun 7, 2019 1:12pm | Edited 2:41pm
I would like give a tip for people will want check new idea this weekend. Its complicate that price swings every time touching current levels. But as many people knows price "have memory".

As normal pivots, previous weeks can have some levels are tested in current week. With this approach we use last 4 weeks. Then when we have a swing between 2 levels we have check if previous week/s had a level in that area ( or very closer ).

If happens take that swing as real because this approach only have 3 strong levels ( 50,100,150 ), then swings normally are not fake
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Try don't lose pants never...
  • #30,920
  • Jun 8, 2019 2:03am Jun 8, 2019 2:03am
Hi guys
Could not trade at all Friday was at work 11hrs.MIT graduation.

We got a great news Trump says the US has ‘indefinitely suspended’ planned tariffs against Mexico after reaching a deal
This is good for weakening the Yen as risk factor is decreasing and Yen should be dumped next week
Stll long on all my JPY crosses/ NJ holding for 7250+should reach and go beyond next week.
In trading, you have to be defensive and aggressive at the same time
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