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Pivot Trading

  • #32,821
  • Nov 21, 2019 10:48am Nov 21, 2019 10:48am
Quoting bubincka
{quote} Hi bigpipin1 could you provide a rational for your buy trades ? EC it's trading above WR100, I see you're from Canada, maybe you know something more.
Hi Bubinka, on the 15 min I had 2 pinbars with long wicks @ support and the market had already made a solid move down, no news being released and was looking for a small retrace for a quick grab. I could be wrong but that's alright I have stops. Hope that answers you question. Cheers
  • #32,822
  • Nov 21, 2019 10:53am Nov 21, 2019 10:53am
[quote=Mundo;12627822]{quote} Are those pivots set to daily my friend?

They are daily pivots, short levels for smaller bounce trades within the weekly pivots.
  • #32,823
  • Nov 21, 2019 10:54am Nov 21, 2019 10:54am
Quoting ppxdf
{quote} do you prefer daily pivot over wheely pivots? if your target was weekly pivot, that would be 1.4598
Still very new to this pivot trading that davit has taught. Just feeling out what works for me, no preference.
  • #32,824
  • Nov 21, 2019 10:55am Nov 21, 2019 10:55am
Caught Davit's advice on being long AUD/CAD last week. Then , shorted the same pair this week from R38 , just spiked down and caught that move to the WPP.
This pair is heavily defended at the .9020 mark at this time of writing to move any lower , and is currently at WPP as WTI is suddenly backing off $58.00 mark.
For me , I now simply watch the PA on the chart after a major fundamental news release because it keeps me laser focused on the Pivot Points which helps me to not be distracted by all of the barrage of "white noise" minor news which always follows. Swimming with the current.
All trades closed at the moment.
Wait and see what Poloz says this evening.
Core Canadian retail sales tomorrow morning.
This thread is unbelievable , love it.

Steady as she goes,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #32,825
  • Nov 21, 2019 11:07am Nov 21, 2019 11:07am
I'd like to point out one more time the precision on weekly pivots + ADR20.
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Porta itineris dicitur longissima esse
  • #32,826
  • Nov 21, 2019 11:29am Nov 21, 2019 11:29am
Have not traded live this month, yesterday first day. These are the results. I did keep studying and watching charts to stay sharp but did have stage fright and did not pull trigger on a couple good trades early this week. Shows how important it is to stay in the game, stay focused and in the zone.
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Invest in Life
  • #32,827
  • Nov 21, 2019 12:26pm Nov 21, 2019 12:26pm
Quoting bubincka
I'd like to point out one more time the precision on weekly pivots + ADR20. {image}
Agree bubincka... Thats reason that area was my target at the other post... :-)
Didnt take the short though...
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  • #32,828
  • Nov 21, 2019 12:28pm Nov 21, 2019 12:28pm
I've closed my shorts on CAD.
I could hold on longer however I don't feel comfortable with pound, tomorrow EUR PMI could print green and USD is back, ADR reached, don't want to be greedy.
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Porta itineris dicitur longissima esse
  • #32,829
  • Nov 21, 2019 5:50pm Nov 21, 2019 5:50pm
Quoting bigpipin1
loaded up heavy on EC. {image}
Hi Big
Out of respect for this threads philosophy methodology if whatever you are doing is not complying to what is going here please keep it private and that goes for other indicators as well.
Number 1 rule in success is being able to follow set of principles.I said able to follow because lot of people just simply can't and that's proven over and over that is if golden egg was dropped on their hands they still would drop it.
thank you
In trading, you have to be defensive and aggressive at the same time
  • #32,830
  • Nov 21, 2019 5:51pm Nov 21, 2019 5:51pm
Quoting Mundo
Blessings my friends. Thanks Davit for all you have done. Hope my small contribution be up to par with all the great ones in here. Taking the words from the series The 100 - "I'm back bitches" Lol
Welcome back
In trading, you have to be defensive and aggressive at the same time
  • #32,831
  • Nov 21, 2019 6:41pm Nov 21, 2019 6:41pm
Quoting GreenEarth
Caught Davit's advice on being long AUD/CAD last week. Then , shorted the same pair this week from R38 , just spiked down and caught that move to the WPP. This pair is heavily defended at the .9020 mark at this time of writing to move any lower , and is currently at WPP as WTI is suddenly backing off $58.00 mark. For me , I now simply watch the PA on the chart after a major fundamental news release because it keeps me laser focused on the Pivot Points which helps me to not be distracted by all of the barrage of "white noise" minor news which always...
Keep on firing those trades.After awhile it will become like physical memory like playing an instrument intuitive.
On intuitive level it becomes harder to explain....why lot of successful traders just stay quiet
In trading, you have to be defensive and aggressive at the same time
  • #32,832
  • Nov 21, 2019 6:47pm Nov 21, 2019 6:47pm
I am pretty attached to this bust I bought and each day I get different light different mood sort of speak.Today took this shot.There is some photo edit but not much.
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In trading, you have to be defensive and aggressive at the same time
  • #32,833
  • Nov 21, 2019 7:24pm Nov 21, 2019 7:24pm
Quoting Davit
{quote} Hi Big Out of respect for this threads philosophy methodology if whatever you are doing is not complying to what is going here please keep it private and that goes for other indicators as well. Number 1 rule in success is being able to follow set of principles.I said able to follow because lot of people just simply can't and that's proven over and over that is if golden egg was dropped on their hands they still would drop it. thank you
Hi Davit,

no disrespect to the thread and to those of us learning your method. Will post weekly pivots only.

cheers
  • #32,834
  • Nov 21, 2019 7:36pm Nov 21, 2019 7:36pm
Pound still hanging up like golden apple waiting to drop.I am almost certain it will before election....There is risk Labor may win...nothing is set on stone.
In trading, you have to be defensive and aggressive at the same time
  • #32,835
  • Nov 21, 2019 7:51pm Nov 21, 2019 7:51pm
Quoting bigpipin1
{quote} Hi Davit, no disrespect to the thread and to those of us learning your method. Will post weekly pivots only. cheers
You can always create a thread on "Trading Journals" section if you have found a particular niche that divert from the weekly pivots.

I myself sometimes use 4h pivots on intraday energies and equities. Same late period markup/markdown strategy.
Trade with confidence, trade without fear.
  • #32,836
  • Nov 21, 2019 8:03pm Nov 21, 2019 8:03pm
My view from the Florida Keys for the past two weeks. Time to get back to work...

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Trade with confidence, trade without fear.
  • #32,837
  • Nov 21, 2019 8:27pm Nov 21, 2019 8:27pm
Quoting Cryptosurf
My view from the Florida Keys for the past two weeks. Time to get back to work... {image}
wow jealous!nice very nice
In trading, you have to be defensive and aggressive at the same time
  • #32,838
  • Nov 21, 2019 9:56pm Nov 21, 2019 9:56pm
Quoting Swede
Really have to keep your senses overnight and tomorrow...starting early London....tons of news effecting Euro, Cad, Gbp.....stops will not save you during volatility that could be the result of unexpected changes...personally I am back to cash until NY open when I can see the results overnight. but that is just me, I am not a gambler. I value hard earned money way too much to gamble on what might be. {image}
If you dont want to get burn dont become a cook.Volatility is life blood of trading and I love it.To frame your money "hard earned" is actually not constructive mindset.Proper mindset should be its a tool to make money.Yes takes money to make money hence easy hard money is irrelevant.
You should be looking to capitalize on red events and not fear it.There is certain amount of courage necessary to be become a trader.Its not for the cautious and faint of heart..Its a battle and you should be looking forward to it!
cheers
In trading, you have to be defensive and aggressive at the same time
  • #32,839
  • Nov 21, 2019 11:02pm Nov 21, 2019 11:02pm
Quoting Cryptosurf
{quote} You can always create a thread on "Trading Journals" section if you have found a particular niche that divert from the weekly pivots. I myself sometimes use 4h pivots on intraday energies and equities. Same late period markup/markdown strategy.
Dont want to go off topic and divert others from the meat and potato's of this thread for all that are learning, I appreciate your encouragement Cryptosurf
  • #32,840
  • Nov 21, 2019 11:59pm Nov 21, 2019 11:59pm
Been too busy to trade or contribute lately, was on hold with a developer this morning and was amusing myself in my graphic design program . What do you think yeah or nay?
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Fib Traders get it right 61.8% to 78.6% of the time. NR
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