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Pivot Trading

  • #33,501
  • Jan 3, 2020 3:15am Jan 3, 2020 3:15am
Loading EC not much room below the current price, strong support and today's ADR is at 97%
Money is a part of what turns you into who you are.
  • #33,502
  • Jan 3, 2020 3:33am Jan 3, 2020 3:33am
nice drop NU AU EU should drop lot more if Feds show any balls
In trading, you have to be defensive and aggressive at the same time
  • #33,503
  • Jan 3, 2020 3:34am Jan 3, 2020 3:34am
Closed EN, nice green trade to start the year
Attached Image
  • #33,504
  • Jan 3, 2020 4:08am Jan 3, 2020 4:08am
Closed UJ minor gain switched funds to EC again.
4465 to me its great bargain.To my surprise EC uses less margin then UJ
In trading, you have to be defensive and aggressive at the same time
  • #33,505
  • Jan 3, 2020 4:25am Jan 3, 2020 4:25am
EURUSD closed 100% ADR
Attached Image (click to enlarge)
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Mind is the King
  • #33,506
  • Jan 3, 2020 5:31am Jan 3, 2020 5:31am
Quoting Davit
Tomorrow maybe J Powell's throws a hawkish curve ball.After severe USD beating I think it may very well be that. FOMC Meeting Minutes 2pm! Every time Yen gets too strong I bet BOJ are wetting their pants basically they are up against the wall can't cut anymore negative and strong Yen may actually destroy Japans economy which is heavily depended on Exports. Would US consumer pay 40k for Toyota Camry?When you can buy similar car other makers for 25k dont think so and that goes for Trucks electronics etc. Strong Yen actually pretty serious threat for...
JPY Caution!!
Exactly a year ago today, the "Flash Crash" occurred!
I am extremely apprehensive to hold any JPY pairs for today and especially over the weekend. "Safe Haven" or not it must be as Davit has stated that "BOJ are wetting their pants....."!!
Will JPY create another "Flash Crash" over the weekend????
I have made a killing on NU, AU, AJ, NJ. Now need to "rest" with Fed Minutes at 2pm
Trading is discretionary and today I will exercise that privilege.
  • #33,507
  • Jan 3, 2020 7:19am Jan 3, 2020 7:19am
Week 1 of 2020
Thank You Davit!
Attached Image
Mind is the King
  • #33,508
  • Jan 3, 2020 7:25am Jan 3, 2020 7:25am
Great! I hope your account is one of those at least 6 digits
Trade What's Happening... Not What You Think Is Gonna Happen
  • #33,509
  • Jan 3, 2020 7:30am Jan 3, 2020 7:30am
Quoting ToddyS2K
Great! I hope your account is one of those at least 6 digits
Not yet...
But the process matters
Mind is the King
  • #33,510
  • Jan 3, 2020 9:03am Jan 3, 2020 9:03am
Loaded up on EC working out nicely
once she breaks 45 then 4560-80 in sight
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #33,511
  • Jan 3, 2020 9:09am Jan 3, 2020 9:09am
have NO yen positions
In trading, you have to be defensive and aggressive at the same time
  • #33,512
  • Jan 3, 2020 9:26am Jan 3, 2020 9:26am
Not trading this pair at the moment. Here's a pattern though. Crab on an H1. Flash crashes on AJ and NJ cost me 4 figures last year.
Attached Image (click to enlarge)
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #33,513
  • Jan 3, 2020 9:26am Jan 3, 2020 9:26am
we are going to have stalling ranging until the Feds.If you are bored you can scalp until then
In trading, you have to be defensive and aggressive at the same time
  • #33,514
  • Jan 3, 2020 9:27am Jan 3, 2020 9:27am
Quoting Romanov102
Not trading this pair at the moment. Here's a pattern though. Crab on an H1. Flash crashes on AJ and NJ cost me 4 figures last year. {image}
cost me $$$ as well
In trading, you have to be defensive and aggressive at the same time
  • #33,515
  • Jan 3, 2020 9:40am Jan 3, 2020 9:40am
Take a moment and look at next 4weeks of calendar to get an idea what's coming
For example NZD has 13jan NZIER Business Confidence/ CPI q/q Jan 23rd then NOTHING until Feb 5 employment data.That's pretty sparse

CAD got lucky with Iranian incident why she still holding her ground....but in forex everything is in trasit
Todays Bulls maybe tomorrows bear
In trading, you have to be defensive and aggressive at the same time
  • #33,516
  • Jan 3, 2020 10:07am Jan 3, 2020 10:07am
I'd like to thank Davit for starting this amazing thread; and for helping me to be part of it.

For those of you who, like me, are at the beginning of the way and serious enough to make trading part of your life style and have chosen Davit's method to follow, I think I have something useful.

DrForexMD has been generous and persistent enough to collect all the Davit's posts in the form of some nice PDF files; I appreciate his nice work and thank him many many times.

Now I have created one single PDF file (+5000 pages) of all those separate files and have ordered them based on the posting time. You can download that file from the below link:

https://drive.google.com/open?id=1Vw..._qr5a9aMqIQZfM

If you have any issues downloading the file feel free to send me a message.

Once again I thank DrForexMD and, in particular, Davit.
  • #33,517
  • Edited 10:37am Jan 3, 2020 10:13am | Edited 10:37am
still holding my GU against me.
good see US EIA Weekly Crude Stocks w/e -11.463M vs. Exp. -3.1M

In an immediate reaction, WTI (G20) rose slightly from USD 63.26 to USD
63.38 after a larger than expected draw for headline crude stocks;
however, products see a larger than expected build, while production
remained unchanged. ( US EIA Weekly Crude Production 12.9M (Prev. 12.9M)
The muted reaction is likely a result of geopolitical
themes in play today.
  • #33,518
  • Edited 11:13am Jan 3, 2020 10:34am | Edited 11:13am
Holding EC with promising outlook, but its moving too slowly for my liking, i would have liked to see daily open violated before going to bed tonight to confirm there's enough buyers. i will watch it closely since its my only running trade. i closed NJ with nice profits. What a way to start the year.

[edit] its moving quite nicely now, big P/L at the moment and there's still a lot of room upwards.
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Capital preservation, live to trade another day
  • #33,519
  • Jan 3, 2020 11:07am Jan 3, 2020 11:07am
Quoting cjayfx14
Holding EC with promising outlook, but its moving too slowly for my liking, i would have liked to see daily open violated before going to bed tonight to confirm there's enough buyers. i will watch itclosely since its my only running trade. i closed NJ with nice profits. What a way to start the year. {image}
Its moving just fine.May move lot faster after feds and next week
I like making money by doing nothing but waiting
If you have not read Reminiscences of a Stock Operator
I highly recommend to read it.Its based on Jesse Livermore one of the best traders ever lived in my opinion the very best.He talks a lot about "seating on trade"
and he was using Pivots
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM30.png Size: 44 KB
In trading, you have to be defensive and aggressive at the same time
  • #33,520
  • Jan 3, 2020 11:44am Jan 3, 2020 11:44am
Quoting Davit
{quote} If you have not read Reminiscences of a Stock Operator I highly recommend to read it.Its based on Jesse Livermore one of the best traders ever lived in my opinion the very best.He talks a lot about "seating on trade" and he was using Pivots {image}
homework
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Capital preservation, live to trade another day
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