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Pivot Trading

  • #32,441
  • Nov 5, 2019 10:09am Nov 5, 2019 10:09am
Quoting Swede
Seems Im catching one of these per day....maybe closed early but with one big lot and very nice profit, why risk having it retrace, like Aud often does.... {image}
AUD already reached its daily range hence may help deciding to get out or not
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In trading, you have to be defensive and aggressive at the same time
  • #32,442
  • Edited 3:44pm Nov 5, 2019 10:20am | Edited 3:44pm
Quoting Davit
{quote} EA worth watching also EC EA is at 61R I adapted your ADR to my artisanal thank you
Yeah it is a great tool. As i have mentioned it before, it is merely a visual representation of the key info displayed on the ADR_v2 indi.

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EDIT: For all that are using the "!SM_ADR_Marker" indi, make sure its set at 20 ATR and not the default 14.
Indi posted here: https://www.forexfactory.com/showthr...2#post12524072
Trade with confidence, trade without fear.
  • #32,443
  • Nov 5, 2019 1:24pm Nov 5, 2019 1:24pm
And to finish off the day two very nice countertrend (short term) scalps. CaD weak numbers created a nice move north to ADR outer limits, at the same time as London Fix was in where traders normally call it a day in London....appears little support remained and trades taken (I should have loaded up but Cad has been a bit of surprise last few sessions.)
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  • #32,444
  • Nov 5, 2019 1:59pm Nov 5, 2019 1:59pm
[quote=Swede;12600960] where traders normally call it a day in London....
old school, bravo
  • #32,445
  • Nov 5, 2019 2:31pm Nov 5, 2019 2:31pm
[quote=Squiggles;12601039]
Quoting Swede
where traders normally call it a day in London.... old school, bravo
You would be surprised how many new forex traders pay little or no attention to the London Fix. (Which according to recent judicial findings may very well be fixed alright). The point is it pretty much ends the London session, the pubs fill up and boisterous talk of winners and losers begin. As long as the pubs are full there is no one at their trading desks where the largest transaction in the world of forex occurs. ( 80% greater than NY and Asia combined)

For me it offers at least one trade per day where I can fade a lot of the moves.....and my wife thinks it’s me creating these trades..lollol
  • #32,446
  • Nov 5, 2019 2:56pm Nov 5, 2019 2:56pm
[quote=Swede;12601083][quote=Squiggles;12601039]{quote} the pubs fill up and boisterous talk of winners and losers begin.
Having worked in BOE & Lloyds in the days where folks spewed out of Cannon St wearing bowler hats ,, I kid you not,,I have to confess your statement is fact..
  • #32,447
  • Nov 5, 2019 7:28pm Nov 5, 2019 7:28pm
Feels nice to get home and see this trade worked out really well. EC +1700. Closing this one now.
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Patience and Discipline, these are the Holy Grail.
  • #32,448
  • Nov 5, 2019 8:05pm Nov 5, 2019 8:05pm
Another euro trade I have that's working well too. EN +290 pips.

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Patience and Discipline, these are the Holy Grail.
  • #32,449
  • Nov 5, 2019 8:13pm Nov 5, 2019 8:13pm
[quote=Squiggles;12601136][quote=Swede;12601083]
Quoting Squiggles
{quote} the pubs fill up and boisterous talk of winners and losers begin. Having worked in BOE & Lloyds in the days where folks spewed out of Cannon St wearing bowler hats ,, I kid you not,,I have to confess your statement is fact..
Dont know how much you have followed this thread but I want to tell you there is something special here, and many really fine traders are in attendance. Start by reading and understanding the first page. It’s all about fundamentals and technicals at key weekly pivot levels along with understanding market structure while entering with small entries. I have had a fine career distributing machinery throughout Western Canada and enjoyed many successes, but the process of trading forex profitably always eluded me until I came in contact with Davit’s tread.....the man is an “animal” (sorry Davit) where trading these identifiable areas having great success doing so. So watch, think, meditate, and read...you will thank me one day....or when next in London perhaps we will have a pint at the pub...lol
  • #32,450
  • Nov 5, 2019 9:08pm Nov 5, 2019 9:08pm
Quoting marcnathan88
Another euro trade I have that's working well too. EN +290 pips. {image}
On the same trade,
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We obey the structure that results from the market's reaction
  • #32,451
  • Nov 6, 2019 12:15am Nov 6, 2019 12:15am
Hi guys
EC worth looking to go long.
What's the probability price touching 46 ? again in near future like week most I'll say 90% Allow room dont go all in.
In trading, you have to be defensive and aggressive at the same time
  • #32,452
  • Nov 6, 2019 12:19am Nov 6, 2019 12:19am
Quoting marcnathan88
Feels nice to get home and see this trade worked out really well. EC +1700. Closing this one now. {image}
you've been doing good jobkeep it up
In trading, you have to be defensive and aggressive at the same time
  • #32,453
  • Nov 6, 2019 12:23am Nov 6, 2019 12:23am
Worth watching UJ too
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  • #32,454
  • Nov 6, 2019 12:28am Nov 6, 2019 12:28am
Quoting Halfcents
Worth watching UJ too {image}
UJ is wild horse.It can stay for days even weeks not moving costing you a fortune on swap.Best leave it alone or when it actually does move when it moves.
In trading, you have to be defensive and aggressive at the same time
  • #32,455
  • Nov 6, 2019 12:35am Nov 6, 2019 12:35am
Quoting Davit
{quote} UJ is wild horse.It can stay for days even weeks not moving costing you a fortune on swap.Best leave it alone or when it actually does move when it moves.
Was looking for less than a day opportunity on this to avoid crazy swaps. And yes, it can just choose to sit there....thanks big
  • #32,456
  • Nov 6, 2019 1:12am Nov 6, 2019 1:12am
Now i am ok
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  • #32,457
  • Nov 6, 2019 2:38am Nov 6, 2019 2:38am
US 10-year yield continues to trade higher and any break above 1.91% targets 2%. US yield and yen are inversely related to each other.
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Plan your trade and Trade your plan.
  • #32,458
  • Nov 6, 2019 3:17am Nov 6, 2019 3:17am
closed EC
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In trading, you have to be defensive and aggressive at the same time
  • #32,459
  • Nov 6, 2019 3:26am Nov 6, 2019 3:26am
was napping missed nice spike on EN
Made most last month on EN another spike would be welcomed
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In trading, you have to be defensive and aggressive at the same time
  • #32,460
  • Nov 6, 2019 3:30am Nov 6, 2019 3:30am
because of fundamental weakness of Euro I dont hold trades long when buying the Euro as you noticed but do hold longer when I am selling it
In trading, you have to be defensive and aggressive at the same time
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