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Pivot Trading

  • #33,381
  • Dec 20, 2019 3:28am Dec 20, 2019 3:28am
Quoting bubincka
Here we don't trade CHF, posting it only for the purpose of showing one more time the effectiveness of Davit's Weekly Fib Pivots. On H4 chart three rejections from WS78 to the pip, the last one being a strong bullish pin bar. Entering at the close of this pin bar, just above the do line would have resulted in a nice winning trade. {image}
I trade CHF pairs without problems. I'm already inside
Trade What's Happening... Not What You Think Is Gonna Happen
  • #33,382
  • Dec 20, 2019 3:31am Dec 20, 2019 3:31am
UsdNok only for educational purposes. How works pivots with other trading analysis
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Trade What's Happening... Not What You Think Is Gonna Happen
  • #33,383
  • Dec 20, 2019 3:42am Dec 20, 2019 3:42am
Hi guys
some self criticism.Knew about Euro Pound Brexit pressure talked about it and yet got out of GC EA shorts way earlier same on AC
Not happy with myself this week.Something I must work on it more.Having said this I am looking at EN long but winding down my trades for now.May not add new ones until next year.
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In trading, you have to be defensive and aggressive at the same time
  • #33,384
  • Dec 20, 2019 3:47am Dec 20, 2019 3:47am
Notes to self.DON'T short NU again! Hate this currency when it gets so much love in tiny economy with over inflated self worth.
Generally strange every time I deviate from my trading style going with fundamental direction I pay dearly.I rarely short NU always buy or skip it.Here I am in DD that could of been avoided.
Maybe I am too hard on myself its the artist in me always self critical
In trading, you have to be defensive and aggressive at the same time
  • #33,385
  • Dec 20, 2019 4:32am Dec 20, 2019 4:32am
On positive side.Did come back strong from taking good size losses on Trump trade war shit. LAST Quarter results
Notice 39 trades on NU all buys,Even taking my red NU trades as loss now still hits my monthly goal of 10% and over that.Not too shabby considering we had such unpredictable trade war swings that were extreme.Most $$ I made interestingly was buying the AUD against the Euro
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #33,386
  • Dec 20, 2019 5:28am Dec 20, 2019 5:28am
Quoting bubincka
Here we don't trade CHF, posting it only for the purpose of showing one more time the effectiveness of Davit's Weekly Fib Pivots. On H4 chart three rejections from WS78 to the pip, the last one being a strong bullish pin bar. Entering at the close of this pin bar, just above the do line would have resulted in a nice winning trade. {image}
I trade it quite often and I'm in on that move currently up 29 pips on 3 contracts this morning @ 23.6% fib retracement this morning I have my target set at the 38.2% retracement level which is halfway between S38 and the WPP. I got in right @ the bottom.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #33,387
  • Edited 5:47am Dec 20, 2019 5:30am | Edited 5:47am
Last couple potential trades of the year UC and AC depending on news this morning looking for small moves. Update: Would have had to have been Bruce Lee to catch the AC move it flashed 25 pips before the news even popped across my screen. Winding down FX positions now, I closed my 3 10K contracts out on USD CHF for a $85.01 profit okay for a day.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #33,388
  • Dec 20, 2019 5:43am Dec 20, 2019 5:43am
USDCAD bought in the Asian session. The target was ADR(20). The target got hit on the bad CAD data.

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Today's results
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Kindest regards
  • #33,389
  • Dec 20, 2019 5:51am Dec 20, 2019 5:51am
Quoting MrAussieFX
USDCAD bought in the Asian session. The target was ADR(20). The target got hit on the bad CAD data. {image} Today's results {image} Kindest regards
Did you reduce your account? 28% gain 210 AUD roughly 1200 account.Did you take profits out?
In trading, you have to be defensive and aggressive at the same time
  • #33,390
  • Dec 20, 2019 5:57am Dec 20, 2019 5:57am
Quoting Davit
{quote} Did you reduce your account? 28% gain 210 AUD roughly 1200 account.Did you take profits out?
Hi Davit,

I took some money out. The size of this account is not too big.

Best regards
  • #33,391
  • Dec 20, 2019 5:57am Dec 20, 2019 5:57am
gonna ride this bull till the chickens come home. +847pips and running.
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Capital preservation, live to trade another day
  • #33,392
  • Dec 20, 2019 6:42am Dec 20, 2019 6:42am
EURAUD is getting close to its end.
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We obey the structure that results from the market's reaction
  • #33,393
  • Dec 20, 2019 6:45am Dec 20, 2019 6:45am
Quoting Davit
On positive side.Did come back strong from taking good size losses on Trump trade war shit. LAST Quarter results Notice 39 trades on NU all buys,Even taking my red NU trades as loss now still hits my monthly goal of 10% and over that.Not too shabby considering we had such unpredictable trade war swings that were extreme.Most $$ I made interestingly was buying the AUD against the Euro {image}
fantastic your results. Where are those guys like Deltaone who attacked you all the time?. Surely they are with their mouths shut after talking a lot of shit about your system.
I can imagine that next year we will have better results assuming the trade war will be less intense.
I'm still holding AJ (0.44) and EJ (0.65) , with prices starting at 77.19 -> 69.94 and 123.84 -> 115.86.
I spent critical moments with these 2 pairs and still have a long journey 75.41 -> 77.19 and 121.23 -> 123.84.
As I've said before, the worst storms have passed. I hope for better days ahead
cheers!!!!!!!!!!!!!!!!!!
  • #33,394
  • Dec 20, 2019 6:58am Dec 20, 2019 6:58am
Attachment g
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #33,395
  • Dec 20, 2019 8:29am Dec 20, 2019 8:29am
Quoting Davit
Notes to self.DON'T short NU again! Hate this currency when it gets so much love in tiny economy with over inflated self worth. Generally strange every time I deviate from my trading style going with fundamental direction I pay dearly.I rarely short NU always buy or skip it.Here I am in DD that could of been avoided. Maybe I am too hard on myself its the artist in me always self critical
It's amazing! New Zealand is a Country that is just less than half the size of the state of California. It's population is under 5 million which is less than 12.5% of the population of the state of California, and we pay attention to their currency. I've taken some hits on Kiwi Yen trades and I'm seriously considering scratching the Kiwi off my trading list for 2020 I've been burned on thin liquidity with it more than once.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #33,396
  • Dec 20, 2019 8:40am Dec 20, 2019 8:40am
So sad that i had to close these trades in order to change to a local broker. Now that i have found consistency i think its time to take my trading career more seriously, so local broker means less tax and quicker withdrawal times. enjoy your weekend everyone
I think i broke the report indicator...
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Capital preservation, live to trade another day
  • #33,397
  • Dec 20, 2019 8:40am Dec 20, 2019 8:40am
I have made some modification with some tool's we need to ride more deeper swings, im i right!?
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  • #33,398
  • Dec 20, 2019 8:42am Dec 20, 2019 8:42am
Quoting cjayfx14
So sad that i had to close these trades in order to change to a local broker. Now that i have found consistency i think its time to take my trading career more seriously, so local broker means less tax and quicker withdrawal times. enjoy your weekend everyone I think i broke the report indicator... {image}
Me too
  • #33,399
  • Edited Dec 21, 2019 3:03am Dec 20, 2019 10:54am | Edited Dec 21, 2019 3:03am
Quoting mizi123
{quote} Me too
Taking career more seriously or broke indicator?
Capital preservation, live to trade another day
  • #33,400
  • Dec 20, 2019 2:31pm Dec 20, 2019 2:31pm
Week 51 in the rearview mirror.

The currency lines are the accumulation of the 28 currency pair movements shown on the right.

Massive sell off on the GBP. When will it reverse?

Late week mark ups (downs) on the EA and EN. Opportunities for next week if it wasn't for the Xmas break?
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