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Pivot Trading

  • #32,961
  • Dec 1, 2019 1:13pm Dec 1, 2019 1:13pm
Quoting sniperdebt
{quote} Congratulation Davit More disciplined, stay patient, more focus, less stress/mistake, better results and MORE profit
Thank you friend and great to see you back!Agree with all you said
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In trading, you have to be defensive and aggressive at the same time
  • #32,962
  • Dec 1, 2019 1:16pm Dec 1, 2019 1:16pm
Quoting R61
My Calendar Events week one December Busy week for AUD, CAD and USD. My focus will be on these. Sun AUD Building Approvals m/m Projection of -1.0% from 7.6%. This may not have much impact, if reder, could propel AUD south, fireworks on Tues CNY Caixin Manufacturing PMI 51.5 51.7. Green here is positive for AUD and NZD Mon EUR ECB President Lagarde Speaks Lagarde testifies to the European Parliament. So far, she hasn’t shared much of her monetary policy views. She may call upon European lawmakers to provide fiscal stimulus. So market will be watching...
Great job and it shows on your profit % You will notice after doing again and again you start seeing patterns how events shape price.
In trading, you have to be defensive and aggressive at the same time
  • #32,963
  • Dec 1, 2019 1:35pm Dec 1, 2019 1:35pm
Quoting Mundo
{quote} Hey ppxdf my friend, I see what you are doing, and since market does its own thing, you ended with a winning trade. Good job. For me, I still wouldn't take that trade and here are further reasons: 1. I also look at future pivots to prepare for following week, but do not trade them. I use them more for tp if in a trade because price tends to move toward following WP on Friday. 2. Considering #1 price in Oanda EN closed at 1.71463 right at WP. Not optimal location for a high probability trade. 3. Choosing my reason for entry: a. Some trades...
You are very correct.!!!
Congratulations for your discipline. Successful traders are disciplined.
I'm not very disciplined, and sometimes I get hurt.
Forex trader must to use the same as Overtaking - Road rules - Safety & rules - Roads
Both single lane and multi-lane overtaking involves risk and requires extreme care. If you have any doubts, don't overtake and wait until it is safer.
  • #32,964
  • Dec 1, 2019 1:50pm Dec 1, 2019 1:50pm
Quoting ppxdf
{quote} You are very correct.!!! Congratulations for your discipline. Successful traders are disciplined. I'm not very disciplined, and sometimes I get hurt. Forex trader must to use the same as Overtaking - Road rules - Safety & rules - Roads Both single lane and multi-lane overtaking involves risk and requires extreme care. If you have any doubts, don't overtake and wait until it is safer.
Nice analogy. It is easier for me to write about it than do it, I too suffer from this at times which is why I can see the benefit from being that disciplined. My worst loses where when going against rules, when entry wrong but with rules, market corrected or just did its thing at least gave method chance to work.

Keep up good work...I follow your posts closely.
Invest in Life
  • #32,965
  • Dec 1, 2019 3:49pm Dec 1, 2019 3:49pm
This week will focus on AUD, CAD and USD.

Probability both CAD and AUD rates remain unchanged = possible bullish
USD might continue strong rest of year offering opportunities early. Will monitor closely early news events and adjust accordingly.

Will be selective and minimize exposure later this week. Reason is two-fold...do not want to hold DD since will end trading next week for a month or possibly till Feb. And time of year when market makes irrational moves (as if it doesn't already). Odds are folks caught wrong side without any relief rest of year.

My views...trade safe.
Invest in Life
  • #32,966
  • Dec 1, 2019 7:36pm Dec 1, 2019 7:36pm
And look at EN drop down a black hole...what the hell I know about trading...
Invest in Life
  • #32,967
  • Edited Dec 2, 2019 7:28am Dec 1, 2019 7:54pm | Edited Dec 2, 2019 7:28am
Quick pips to start my week.I am expecting back to 6285-90 until rate decision.This may range until then
Too bad got out then fell a sleep,Sure dropped nicely
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In trading, you have to be defensive and aggressive at the same time
  • #32,968
  • Dec 1, 2019 7:57pm Dec 1, 2019 7:57pm
Track NU
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In trading, you have to be defensive and aggressive at the same time
  • #32,969
  • Edited 8:24pm Dec 1, 2019 8:03pm | Edited 8:24pm
how I trade news live!!!

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as you can see, we need a tools where we can check the news as faster as possible
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  • #32,970
  • Dec 1, 2019 8:22pm Dec 1, 2019 8:22pm
Quoting Davit
Track NU {image}
Watching 78 - 100 zone. These pivots too compressed to trade lower. Good spot around 64500-64550
Invest in Life
  • #32,971
  • Edited 6:09am Dec 2, 2019 5:48am | Edited 6:09am
According to Mark Douglas "you don’t need to know what is going to happen next in order to make money"
PMIs Provide Latest Fuel for Markets including forex markets.
We see this economic indicator daily.
But are we interpreting this correctly?
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  • #32,972
  • Dec 2, 2019 6:14am Dec 2, 2019 6:14am
NZDCAD
Stay low, Go fast - No luck, All skill
  • #32,973
  • Dec 2, 2019 6:26am Dec 2, 2019 6:26am
Quoting tehtawar
NZDCAD
We are close to a series of important resistances. EZ, NJ & NU also ... R200 is a good place to start shorts
Trade What's Happening... Not What You Think Is Gonna Happen
  • #32,974
  • Dec 2, 2019 7:17am Dec 2, 2019 7:17am
I guess NZD is king for now.MM decided to push it up due to possible tariff suspension and overall going back to good old "safe heaven" status
we'll see how it unfolds
In trading, you have to be defensive and aggressive at the same time
  • #32,975
  • Dec 2, 2019 7:28am Dec 2, 2019 7:28am
Quoting Davit
Quick pips to start my week.I am expecting back to 6285-90 until rate decision.This may range until then Too bad got out then fell a sleep,Sure dropped nicely {image} {image}
Too bad got out then fell a sleep,Sure dropped nicely
In trading, you have to be defensive and aggressive at the same time
  • #32,976
  • Dec 2, 2019 7:56am Dec 2, 2019 7:56am
Closed...
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"The freedom of the other extends mine to infinity"
  • #32,977
  • Dec 2, 2019 8:05am Dec 2, 2019 8:05am
Quoting Wesleyaso
Closed...{image}
How does Pivots react to this.Good job
In trading, you have to be defensive and aggressive at the same time
  • #32,978
  • Dec 2, 2019 8:07am Dec 2, 2019 8:07am
Bad start of the month for me, NZD rally took me by surprise.

I've already closed some positions in my AN long and still in DD.
December started in the red, there's still time to recover.
Porta itineris dicitur longissima esse
  • #32,979
  • Dec 2, 2019 8:08am Dec 2, 2019 8:08am
i start loading EC shortly, near ADR high
remember lagard is speaking
  • #32,980
  • Dec 2, 2019 8:10am Dec 2, 2019 8:10am
Quoting bubincka
Bad start of the month for me, NZD rally took me by surprise. I've already closed some positions in my AN long and still in DD. December started in the red, there's still time to recover.
AUD should rally after rate.I would of kept all AN
NZD should decline soon. Mark up then dump
In trading, you have to be defensive and aggressive at the same time
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