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Pivot Trading

  • #35,301
  • Mar 10, 2020 7:48am Mar 10, 2020 7:48am
Quoting here2there
{quote} Unfortunately, US brokers are starting to take that option away. Some will still allow you to do this on their own trading platform, but not in MT4. But who feels comfortable using the broker's trading platform? I don't. The only solution I have to counter this is to use more than one MT4 account for the same broker. It's inconvenient, but it works. But it certainly doesn't work as effectively. Being a US trader has been a frustrating experience.
Yes and if Democrats win expect it to get worse increase of gains tax and maybe more regulation.I am jealous of our Canadian friends they can gamble online free and have looser trading rules.
I think US brokers lobby for these regaluations.They want you to lose despite what they say publicly that they dont.
In trading, you have to be defensive and aggressive at the same time
  • #35,302
  • Mar 10, 2020 7:53am Mar 10, 2020 7:53am
LOl just came out why CAD gained a little
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 79 KB
In trading, you have to be defensive and aggressive at the same time
  • #35,303
  • Mar 10, 2020 7:55am Mar 10, 2020 7:55am
Quoting Davit
{quote} Yes and if Democrats win expect it to get worse increase of gains tax and maybe more regulation....
That would be unfortunate.
I can think of a number of other reasons why I don't want them to win.
Learn from your mistakes and march on.
  • #35,304
  • Mar 10, 2020 8:00am Mar 10, 2020 8:00am
Quoting here2there
{quote} That would be unfortunate. I can think of a number of other reasons why I don't want them to win.
Our founding fathers wanted small government having rebelled against England to get away from it but unfortunately we are choking in regulations.
Just to buy a house now you must present hundreds of docs and sign thick stack of papers resembling war and peace!
Sad affairs why I am basically a Libertarian.I firmly believe in small government and more freedoms.
In trading, you have to be defensive and aggressive at the same time
  • #35,305
  • Mar 10, 2020 8:08am Mar 10, 2020 8:08am
Quoting Davit
{quote} Our founding fathers wanted small government having rebelled against England to get away from it but unfortunately we are choking in regulations. Just to buy a house now you must present hundreds of docs and sign thick stack of papers resembling war and peace! Sad affairs why I am basically a Libertarian.I firmly believe in small government and more freedoms.
Well, things could be worse. You could be living in California, which is where I am stuck at the moment. Of course, I am assuming you are not living in CA. If you are, then you are probably feeling stuck too. LOL
Learn from your mistakes and march on.
  • #35,306
  • Mar 10, 2020 8:14am Mar 10, 2020 8:14am
Quoting here2there
{quote} Well, things could be worse. You could be living in California, which is where I am stuck at the moment. Of course, I am assuming you are not living in CA. If you are, then you are probably feeling stuck too. LOL
Boston last 30yrs but lived in LA 5yrs my family there I know all about its problems.
In trading, you have to be defensive and aggressive at the same time
  • #35,307
  • Mar 10, 2020 8:17am Mar 10, 2020 8:17am
With Coronavirus hitting the world economics hard and Oil dropped more than 25% compared to last month it is wise to cherry-pick your trades based on your tested system.

Below are charts for Oil (Monthly and Weekly)

Attached Image (click to enlarge)
Click to Enlarge Name: Oil Monthly 11 March 2020.png Size: 201 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Oil Weekly 11 March 2020.png Size: 231 KB


Best regards
  • #35,308
  • Mar 10, 2020 1:53pm Mar 10, 2020 1:53pm
Closed another EC short bringing total over 2k today.
I hope some of you took advantage of the spike
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 7 KB
In trading, you have to be defensive and aggressive at the same time
  • #35,309
  • Mar 10, 2020 2:12pm Mar 10, 2020 2:12pm
When CAD got dumped. CJ right on Pivot.I may just wait to see opportunities like this.Was loaded on EC so could not take it.
Once out of UC trades will open up lot more margin freedom
Despite of tight margin I am able to gain equity quickly.That's my goal.UC coming down nicely.I dont expect it to remain such high elevation too long.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM15.png Size: 44 KB
In trading, you have to be defensive and aggressive at the same time
  • #35,310
  • Mar 10, 2020 2:18pm Mar 10, 2020 2:18pm
I'm currently licking my wounds after losing 75% of my account to that damn spike!
  • #35,311
  • Mar 10, 2020 2:23pm Mar 10, 2020 2:23pm
Quoting russian30
I'm currently licking my wounds after losing 75% of my account to that damn spike!
Lost pretty much the same but gaining back quick.What's past is past.Get super focused on executions and get back rolling
You are a good talented trader remember that! Don't let a spike (random event) destroy your confidence!
In trading, you have to be defensive and aggressive at the same time
  • #35,312
  • Mar 10, 2020 2:31pm Mar 10, 2020 2:31pm
I am going to stay on sidelines flat on Euro pairs on ECB
Should it spike up hundreds of pips well so much for better creating selling opportunities.
In trading, you have to be defensive and aggressive at the same time
  • #35,313
  • Mar 10, 2020 3:01pm Mar 10, 2020 3:01pm
Quoting Davit
Closed another EC short bringing total over 2k today. I hope some of you took advantage of the spike {image}
Congrats Davit.

Nice profits
10% buy 10% sell 80% waiting
  • #35,314
  • Mar 10, 2020 3:01pm Mar 10, 2020 3:01pm
During ECB or after spike to 200 Pivot possible on EC
You can place limit shorts there in case.Lately abnormally large moves are happening more often then not so not ruling out.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADWeekly.png Size: 53 KB
In trading, you have to be defensive and aggressive at the same time
  • #35,315
  • Mar 10, 2020 3:04pm Mar 10, 2020 3:04pm
Quoting TraderR0N
{quote} Congrats Davit. Nice profits
Well my account got reduced on AUD spike but not letting that slow me down.-43k
Have gained already good chunk back.Not going to let that slow me down on the contrary I am very focused and alert now on executions.Its a marathon by the end of the year I'll be in black!Once you learn playing a guitar chords it becomes physical memory.Trading skills are yours for life.You dont lose it overnight!
Thank you!
In trading, you have to be defensive and aggressive at the same time
  • #35,316
  • Mar 10, 2020 8:51pm Mar 10, 2020 8:51pm
AN long at 351 2x
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #35,317
  • Mar 10, 2020 9:29pm Mar 10, 2020 9:29pm
if only all my trades went into profit right away
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #35,318
  • Mar 10, 2020 10:20pm Mar 10, 2020 10:20pm
closed ranging.Just dont want to wait and this drops back 350 where I started.
4x small bursts its 1k I'll take that daily.You can see this range clearly
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AUDNZDM5.png Size: 43 KB
In trading, you have to be defensive and aggressive at the same time
  • #35,319
  • Mar 11, 2020 12:24am Mar 11, 2020 12:24am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,082 Posts | Online Now
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 102 KB
We obey the structure that results from the market's reaction
  • #35,320
  • Mar 11, 2020 2:08am Mar 11, 2020 2:08am
GBPCAD H1

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD 1 HOUR 11 MARCH 2020.png Size: 228 KB


Best regards
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