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Pivot Trading

  • #32,841
  • Nov 22, 2019 3:35am Nov 22, 2019 3:35am
Nice red numbers on GBP
In trading, you have to be defensive and aggressive at the same time
  • #32,842
  • Nov 22, 2019 3:51am Nov 22, 2019 3:51am
something to be aware of AN
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In trading, you have to be defensive and aggressive at the same time
  • #32,843
  • Edited 4:45am Nov 22, 2019 4:16am | Edited 4:45am
Dont know about you but I was captivated by her.What a courageous women
Slapped Giuliani right on his head. I have zero hope for trade deal with China.China is going to wait out for possible (hopefully) new president
Ambassador Sondland looked stright on camera and said "yes there was Quid pro quo" Trump later said Sondland "denied and said there was no Quid pro quo"
Seriously is Trump the dumbest president we ever had? I mean its right there on camera!Irony of it Sondland was Trump million dollar donor fan boy...

I am sure some will say its all "fake news" seriously folks its right there in front of camera the pig with red lipstick!
History will show Trump's biggest mistake was working with Giuliani besides all the other corruptions but Giuliani this guy is total lunatic.To take any advise from Giuliani is like putting your own finger on chopping board and smashing it. "Phrase tell me who your friends are and I'll tell you who you are" well anyone with brains and integrity either was fired by Trump or resigned and Trump's right man is this wacko Giuliani? advising most powerful man on earth? Can't get anymore comic.
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In trading, you have to be defensive and aggressive at the same time
  • #32,844
  • Nov 22, 2019 4:48am Nov 22, 2019 4:48am
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Giuliani played by a female comic.
In trading, you have to be defensive and aggressive at the same time
  • #32,845
  • Nov 22, 2019 4:53am Nov 22, 2019 4:53am
Got this nice one,
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We obey the structure that results from the market's reaction
  • #32,846
  • Edited 7:11am Nov 22, 2019 6:49am | Edited 7:11am
Quoting ppxdf
EC going to good setup for quick scalping on pullback. Remember that EUR should will be strong; being CAD weakest, I am not surprised if it reaches R100 by friday, depending on that here also CAD Manufacturing Sales m/m -0.5% 0.8%

Most of my EC shorts are around R100.
I did not make money with this pair this week
I will hold my EC positions for next week.
I don't mind much, because this pair has positive swap.
By Monday, when I prepared my calendar of events, prices were close to W-pivot,
and I said I wouldn't be surprised if it hit R100 by Friday.
prices are on the R100.
I did not understand the over optimism that prices that bounced at R200
The next WPivot points level for next week should be same level we have today for R100 (1.4683)
  • #32,847
  • Edited 7:32am Nov 22, 2019 7:09am | Edited 7:32am
Quoting ppxdf
{quote} Most of my EC shorts are around R100. I couldn't make money with this pair this week I will hold my EC positions for next week. I don't mind much, because this pair has positive swap. By Monday, when I prepared my calendar of events, prices were close to W-pivot, and I said I wouldn't be surprised if it hit R100 by Friday. prices are on the R100. I couldn't understand the over optimism that made these prices rebound at R200 The next WPivot points level for next week should be same level we have today for R100 (1.4683)
Pending retail sales data may resolve direction.

EDIT: And so it did, Cheers!
Trade with confidence, trade without fear.
  • #32,848
  • Nov 22, 2019 7:35am Nov 22, 2019 7:35am
Quoting Cryptosurf
{quote} Pending retail sales data may resolve direction. EDIT: And so it did, Cheers!
yeah, I closed most of them at breakeven.
I prefer reload next week at R38 that should be around 1.4736
  • #32,849
  • Nov 22, 2019 7:43am Nov 22, 2019 7:43am
Green number for CAD!

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Closed EC +360

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"In the end you only trade yourself."
  • #32,850
  • Nov 22, 2019 8:07am Nov 22, 2019 8:07am
if red good for USD shorts
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In trading, you have to be defensive and aggressive at the same time
  • #32,851
  • Nov 22, 2019 8:55am Nov 22, 2019 8:55am
not as good as it used to be.
let's go ahead !!!
better to win a little than lose !!
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  • #32,852
  • Nov 22, 2019 8:55am Nov 22, 2019 8:55am
Shorting @ round# .8600, r38 and adr high. Multiple reasons for a rejection at this level.
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  • #32,853
  • Nov 22, 2019 9:37am Nov 22, 2019 9:37am
One month. For privacy reasons I do not publish the net profit. My account is large enough (compared to the average of retail traders) to obtain important profits with "modest" earnings percentages
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Trade What's Happening... Not What You Think Is Gonna Happen
  • #32,854
  • Nov 22, 2019 9:41am Nov 22, 2019 9:41am
I closed all my trades with expected profit to get ready for fresh week since previous weeks I took some DDs with trades which kept open over the weekend. Overall Im happy that I have gained the experience and knowledge with your method Mr.Davit. Thanks.
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"Don't Predict, Do react"
  • #32,855
  • Nov 22, 2019 10:34am Nov 22, 2019 10:34am
Oh my Pivot, my Beloved!
How do I love thee,
Let me count the ways.

I love thee for Resistance,
I love thee for Support.
I love thee for thine Pip-Supply,
That's ever coming forth.

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Cheers

Lee
Fix your thoughts on what is true, and honorable, and right, and pure...
  • #32,856
  • Nov 22, 2019 12:15pm Nov 22, 2019 12:15pm
Quoting LifeHunt3r
Oh my Pivot, my Beloved! How do I love thee, Let me count the ways. I love thee for Resistance, I love thee for Support. I love thee for thine Pip-Supply, That's ever coming forth. {image} Cheers Lee
In trading, you have to be defensive and aggressive at the same time
  • #32,857
  • Edited 4:38am Nov 23, 2019 4:27am | Edited 4:38am
Last week's evaluation.One of my worst.

Mistake I made.Yes it happens to me as well..I had opportunity to get out of GC and GA prior of last week, greed was the culprit thinking it may drop more.Well it did not and end up shooting high holding my funds in DD and tight up margin and why I could not take trades even though there were great set ups.
I totally mismanaged the station.Now I am where I was prior of last week missing entire week of action.
Situation was unusual sudden fear of China trade war sent stocks way lower and commodity pairs specially CAD and AUD took beating.Constant manipulation of bad news on China trade exasperated the situation.This was the curve ball I didn't anticipate... well Mark Douglas said "anything can happen anytime"
On the positive note I am up 18% for the month so still good month but can't help wondering how proper management of my trades would of net me whole lot more.I am writing this because mistakes happen and that's trading we dont know the future and best we can do is manage the positions.
Anyway looking forward for next week.
In trading, you have to be defensive and aggressive at the same time
  • #32,858
  • Nov 23, 2019 7:45am Nov 23, 2019 7:45am
Quoting Davit
Last week's evaluation.One of my worst.
It is precisely for posts like these that some of us keep coming back to your thread again and again. Hundreds of traders are tired of the get-rich-quick, fly-by-night schemes. We want the real deal and in that regard your honestly is highly appreciated.

Thank you.

Lee
Fix your thoughts on what is true, and honorable, and right, and pure...
  • #32,859
  • Nov 23, 2019 8:57am Nov 23, 2019 8:57am
Quoting Davit
Last week's evaluation.One of my worst. Mistake I made.Yes it happens to me as well..I had opportunity to get out of GC and GA prior of last week, greed was the culprit thinking it may drop more.Well it did not and end up shooting high holding my funds in DD and tight up margin and why I could not take trades even though there were great set ups. I totally mismanaged the station.Now I am where I was prior of last week missing entire week of action. Situation was unusual sudden fear of China trade war sent stocks way lower and commodity pairs specially...
Thank you for honest experience.... I'm only curious: how do you manage now this situation? Do you close this positions? Or do you hold now this trades and hope for better price to close? Thank you.
  • #32,860
  • Nov 23, 2019 12:19pm Nov 23, 2019 12:19pm
Quoting Davit
..I had opportunity to get out of GC and GA prior of last week, greed was the culprit thinking it may drop more.Well it did not and end up shooting high holding my funds in DD and tight up margin and why I could not take trades even though there were great set ups.
Hi Davit,

I went through a similar experience.

As a consequence of greed I was stuck mainly in GC short taking up most of margin as the market began to go against me big.
In my trade manager I've implemented a partial closing mechanism that in this case saved me a greater loss.

In the end I took a reasonable loss and then in the next day when it reversed I got a profit almost covering previous losses.
But at that time my lucidity was gone and I closed all open positions too early, only to watch the real move taking place on Friday that should have brought me big money.

Indeed a very frustrating and stressful week, however as fellow trader profitfarmer says, there is always another trade.
Porta itineris dicitur longissima esse
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