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Pivot Trading

  • #34,621
  • Feb 14, 2020 11:07am Feb 14, 2020 11:07am
for those with GC. 42 pips down.
I am considering close it before ny session , if possible @ pivot
CAD @ 19:00 GMT time
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GBP @ 19:00 GMT time
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  • #34,622
  • Feb 14, 2020 11:28am Feb 14, 2020 11:28am
https://tmsnrt.rs/37ucy9s
  • #34,623
  • Feb 14, 2020 11:39am Feb 14, 2020 11:39am
My results this week. A little less than usual but profits. I also belief that buying euro and selling the dollar is next weeks agenda.. some DD over here.

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Happy weekend!
May the Force be with you.
  • #34,624
  • Feb 14, 2020 12:44pm Feb 14, 2020 12:44pm
Quoting ppxdf
for those with GC. 42 pips down. I am considering close it before ny session , if possible @ pivot CAD @ 19:00 GMT time {image} GBP @ 19:00 GMT time {image}
prices is going to london open, @ 1.7299 or 1.7280 that is new york open.
probably will close near that price
  • #34,625
  • Feb 14, 2020 12:51pm Feb 14, 2020 12:51pm
results this week
Carrying DD on EG next week
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In trading, you have to be defensive and aggressive at the same time
  • #34,626
  • Edited 2:50pm Feb 14, 2020 2:09pm | Edited 2:50pm
My performance was very good in January.
However, I still have to face the effects of the turbulences of February.
Still, supported by the excellent "Pivot Trading" system, I have had exceptional profitability:
Main Account: 86% Profitability in 349 closed trades: gain of $ 1787.
Auxiliary Account 81% Profitability in 32 closed trades: Gain of $ 561.
I took loss above my normal performance but still i had us$2348 gain. That is about 8% gain of my balance in 45 days which I am very happy with.

here is
Inserted Video
  • #34,627
  • Feb 14, 2020 3:55pm Feb 14, 2020 3:55pm
my results this week...
Carry DD on EU, EG, EC and USD to next week. What I recognize, when I compare my results with Davits is the fact that I made round about only 10 pips per trade when I calculate it, but Davit more than 40 pips per trade.... That is a big different. That shows me that I have to work a lot on my trade management...
But anyway, since I started to trade Davits strategy, I'm in every week positive and have good grains. Better than ever before. Thank you Davit!

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  • #34,628
  • Feb 14, 2020 4:30pm Feb 14, 2020 4:30pm
Kleybenny I am right there with you.
I am still "leaving a lot of money on the table each week". Damn !!!!!
Right now the hardest aspect of my personality to Master is "staying in the trade until the move is complete".
Continuously getting out too early , but , getting better at it each trade.
Green Pips ,
GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #34,629
  • Feb 14, 2020 5:32pm Feb 14, 2020 5:32pm
Quoting kleybenny
my results this week... Carry DD on EU, EG, EC and USD to next week. What I recognize, when I compare my results with Davits is the fact that I made round about only 10 pips per trade when I calculate it, but Davit more than 40 pips per trade.... That is a big different. That shows me that I have to work a lot on my trade management... But anyway, since I started to trade Davits strategy, I'm in every week positive and have good grains. Better than ever before. Thank you Davit! {image}
Hi Benny
Good job.Some constructive feedback.Dont trade same pair on multiple pairs EU EG EC and I think you have EA as well.That's too much exposure to Euro.
Remember if major EU loses it drags the crosses even faster so you have amplified the risk more.
Try not multiply risk. I have just EG and that's enough on Euro.
regards
In trading, you have to be defensive and aggressive at the same time
  • #34,630
  • Feb 14, 2020 5:47pm Feb 14, 2020 5:47pm
Quoting Davit
{quote} larger trend is down weekly .IMO this is temporary thing
Agreed, It was at a support level and going sideways so I closed it in profit to free up margin to do some scalping this morning on some more favorable setups.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #34,631
  • Feb 14, 2020 6:00pm Feb 14, 2020 6:00pm
I think some core group members here are ready to take this higher level.We need to find great A+ set ups maybe once a week and hit it harder then normal.
Generating 20% a month or close there.That's my goal this year. Taking 45k to 200k
If I fall slight short on my goal that's fine.Most dont make any profit anyway...
Killer set up last week was E crosses specially EA EC EN tremendous drop.I think what sidestepped me hitting harder was the virus factor...in retrospect market did not care...
In trading, you have to be defensive and aggressive at the same time
  • #34,632
  • Feb 15, 2020 12:04am Feb 15, 2020 12:04am
Quoting Davit
{quote} Hi Benny Good job.Some constructive feedback.Dont trade same pair on multiple pairs EU EG EC and I think you have EA as well.That's too much exposure to Euro. Remember if major EU loses it drags the crosses even faster so you have amplified the risk more. Try not multiply risk. I have just EG and that's enough on Euro. regards
Thank you very much for feedback. It's very appreciated.
  • #34,633
  • Feb 15, 2020 2:57am Feb 15, 2020 2:57am
My results this week.

Holding DD on EG and EC.
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Porta itineris dicitur longissima esse
  • #34,634
  • Feb 15, 2020 5:17am Feb 15, 2020 5:17am
Hi Guys
We got lots of key data next week specially on EUR and GBP
Euro VS GBP has been overstretched hence any red data on GBP likely to have amplified reaction to set motion to correct.
Friday could be critical and ECB on Thurs
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In trading, you have to be defensive and aggressive at the same time
  • #34,635
  • Feb 15, 2020 5:35am Feb 15, 2020 5:35am
Quoting Davit
Hi Guys We got lots of key data next week specially on EUR and GBP Euro VS GBP has been overstretched hence any red data on GBP likely to have amplified reaction to set motion to correct. Friday could be critical and ECB on Thurs {image}
Hello Davit, I expect the data on the German Flash Manufactoring PMI is really bad. The German economy is not doing well at the Moment. EUR is in bad shape. But there might be a reaction to the North (but not for a Long time).

Best regards,
Renko
  • #34,636
  • Feb 15, 2020 5:50am Feb 15, 2020 5:50am
Quoting renkotop
{quote} Hello Davit, I expect the data on the German Flash Manufactoring PMI is really bad. The German economy is not doing well at the Moment. EUR is in bad shape. But there might be a reaction to the North (but not for a Long time). Best regards, Renko
In my experience somehow markets find a way to correct.Same thing when AUD got overstretched because of virus fears when it looked hopeless miraculously corrected and virus actually is getting bigger issue still. Its possible the bad news whatever that is already priced in.
ECB on Thurs might be decisive if they show some courage less dovish then Euro should rebound.
regards
In trading, you have to be defensive and aggressive at the same time
  • #34,637
  • Feb 15, 2020 6:17am Feb 15, 2020 6:17am
Quoting Davit
I think some core group members here are ready to take this higher level.We need to find great A+ set ups maybe once a week and hit it harder then normal. Generating 20% a month or close there.That's my goal this year. Taking 45k to 200k If I fall slight short on my goal that's fine.Most dont make any profit anyway... Killer set up last week was E crosses specially EA EC EN tremendous drop.I think what sidestepped me hitting harder was the virus factor...in retrospect market did not care...
I'm in for this
  • #34,638
  • Feb 15, 2020 6:19am Feb 15, 2020 6:19am
Quoting bubincka
My results this week. Holding DD on EG and EC. {image}
Nice work.
  • #34,639
  • Feb 15, 2020 7:38am Feb 15, 2020 7:38am
my focus this week will be on GBP. ( I am holding short GC and GU)
the reason is i see some interesting moves in the GBP since brexit was voted.
some negative comments from UK and EU with regards trade negociations and each time, more downside in the GBP.
we have seen some upside this week from the surprise resign that high level member of the economy.
that guy that was changed has the prospects of more fiscal stimulus, so the market see reason to buy GBP. So, BOE migh not to cut rates in 2020

on this week a lot economic data regarding gbp (retails sales,jobs reports, CPI and flash PMI numbers for feb.
I am hold GU&GC short and I remember that in january one of the reasons that the market cut back on their expectations for a rate cut in
jan meeting was due a much better than expected PMI print.
  • #34,640
  • Feb 15, 2020 7:58am Feb 15, 2020 7:58am
Quoting russian30
{quote} I'm in for this
I also would like to be in.
Best regards,
Renko
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