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Pivot Trading

  • #33,621
  • Jan 7, 2020 7:13am Jan 7, 2020 7:13am
EURUSD short and USDCAD long updates
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Mind is the King
  • #33,622
  • Edited 7:46am Jan 7, 2020 7:29am | Edited 7:46am
Closed UC +224
Price is ranging between S38 to Pivot.
I may reload longs later on a dip.

Attached Image


Loading some longs on AC and shorts on EA.
"In the end you only trade yourself."
  • #33,623
  • Edited 8:26am Jan 7, 2020 8:04am | Edited 8:26am
closed EurUsd and UsdCad for 30% account gain
AudCad left running...
Thank You Davit!
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Mind is the King
  • #33,624
  • Jan 7, 2020 8:29am Jan 7, 2020 8:29am
Quoting MikiMax
closed EurUsd and UsdCad for 30% account gain AudCad left running... Thank You Davit!
30% in only two trades?? THIS IS GAMBLING not professional trading Sooner or later your account will go to zero ...
Trade What's Happening... Not What You Think Is Gonna Happen
  • #33,625
  • Jan 7, 2020 8:47am Jan 7, 2020 8:47am
Long UC from last week!
Attached Image
  • #33,626
  • Jan 7, 2020 8:57am Jan 7, 2020 8:57am
Quoting langtoni
Long UC from last week! {image}
I went long 5 on Dec 31st with UC
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #33,627
  • Jan 7, 2020 9:08am Jan 7, 2020 9:08am
Good Report. I'd sooner here this from a rancher than some supposedly knowledgeable talking head in a suit and tie that's never worked a day in their lives. I wear a suit for business when I have to, however personally I can't wait to get out of it.
Inserted Video
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #33,628
  • Jan 7, 2020 9:17am Jan 7, 2020 9:17am
Quoting Davit
... I am looking to get out of AN but this shit is like dead horse...
I'm trapped on AN long too.

Could quit for a small profit before Christmas instead decided to hold and in hindsight it was a mistake.
Agree, trying to avoid to have funds stuck for long periods in unproductive positions is a top priority.
Porta itineris dicitur longissima esse
  • #33,629
  • Jan 7, 2020 10:00am Jan 7, 2020 10:00am
Quoting bubincka
{quote} I'm trapped on AN long too. Could quit for a small profit before Christmas instead decided to hold and in hindsight it was a mistake. Agree, trying to avoid to have funds stuck for long periods in unproductive positions is a top priority.
I'm in too. Sometimes is inevitable because some trades take time to profit. The important thing is to keep a low leverage. Sometimes profits also serve to cover part or all loss trades. Entering and exiting a trade nervously doesn't make sense ... (for example UC has gone up now also UJ ...). I have a maximum limit of DD per trade cycle before closing it or hedging and this give me ever huge room to open other trades. AZ has proven to be a trendy currency, better in the future to trade in sync with the trend
Trade What's Happening... Not What You Think Is Gonna Happen
  • #33,630
  • Jan 7, 2020 10:11am Jan 7, 2020 10:11am
I've closed UC long for a good profit.

It could easily go up to WR38 however this particular moment suggests caution for Iran/US affair and its possible spill-over effects on oil.
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Porta itineris dicitur longissima esse
  • #33,631
  • Jan 7, 2020 10:13am Jan 7, 2020 10:13am
Quoting ToddyS2K
{quote} 30% in only two trades?? THIS IS GAMBLING not professional trading Sooner or later your account will go to zero ...
It just means his account is small. If I had only 500 account I'll probably risk almost all of it on every trade.WHY? whats the point of making 2 3 dollar gains when you can hit 40 50 100 and build the account fast then you must reduce risk as the account grows.
What you can do with 1k account should not be done with 10k! 100k different all together.Been on all of them.
I can tell you that size matters. After taking almost 80% out from my account I dont have the capital to hit multiple positions.I miss that.Having 30-50dollar a pip changes everything and yeah miss it.Going to build what I got now this year.Its my motivation to get into large lots again.Its my personal challenge
In trading, you have to be defensive and aggressive at the same time
  • #33,633
  • Jan 7, 2020 11:32am Jan 7, 2020 11:32am
Holding EA nice spot to dive 100pips south.Dont forget also Jan 31Hard Brexit factor
In trading, you have to be defensive and aggressive at the same time
  • #33,634
  • Jan 7, 2020 11:46am Jan 7, 2020 11:46am
Quoting Davit
Holding EA nice spot to dive 100pips south.Dont forget also Jan 31Hard Brexit factor
Thanks for the heads up
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  • #33,635
  • Jan 7, 2020 11:57am Jan 7, 2020 11:57am
Quoting RieseP
{quote} Thanks for the heads up {image}
Ha! The hardest part of going to the toilet is putting my tie back on! I love that picture!
  • #33,636
  • Jan 7, 2020 2:02pm Jan 7, 2020 2:02pm
Quoting MikiMax
closed EurUsd and UsdCad for 30% account gain AudCad left running... Thank You Davit! {image} {image}
I had an EU shorts as well as UC longs USD by itself went up to R61 I closed both of them out and took my money. NFP week so I'm exercising caution. We are also under volatile circumstances right now. With the Iran situation we have higher probabilities of Red herring events that can throw trade plans for a loop. I had an AU short that closed last night with a tidy profit because it was going sideways and finding support along the WPP so I thought screw it taking my profit in case it rebounds off of the WPP lo and behold RBNZ announces a couple of hours after I close the trade a 54% probability of a .25% rate cut and down it goes without me. Oh well I made the difference on my EU short, I entered last night and closed this morning.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #33,637
  • Edited 5:45pm Jan 7, 2020 5:16pm | Edited 5:45pm
What is the best free solution that any of you use to monitor trades from your Iphone to your PC? Other than Teamviewer

Thank You
  • #33,638
  • Edited 6:27pm Jan 7, 2020 5:49pm | Edited 6:27pm
The Red Herring has arrived. Ten rockets launched at US Base in Iraq. I hope they`re okay. I had 6 CFD S&P short stop sell contracts that got activated. Market going down hard Gold soaring.
https://twitter.com/cnnbrk/status/12...7Ctwgr%5Etweet
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #33,639
  • Jan 7, 2020 6:43pm Jan 7, 2020 6:43pm
Quoting Davit
{quote} Not touching. One stupid missle by Iran and Yen can dive 200-300 pips. Been there on trade shit and paid dearly.When there is serious potential for conflict like now just dont trade the Yen.Or MUST SL IN PLACE
Prophetic words. Fasten your seat belts.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #33,640
  • Jan 7, 2020 7:33pm Jan 7, 2020 7:33pm
Quoting Romanov102
The Red Herring has arrived. Ten rockets launched at US Base in Iraq. I hope they`re okay. I had 6 CFD S&P short stop sell contracts that got activated. Market going down hard Gold soaring. https://twitter.com/cnnbrk/status/12...7Ctwgr%5Etweet {image} {image}
I'm guessing this a show! I won't take it seriously until a US soldier is, God forbid, killed. I'll keep AJ under my radar.
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