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Pivot Trading

  • #35,361
  • Mar 12, 2020 11:10am Mar 12, 2020 11:10am
Quoting Opayq
{quote} Owe it all to you brother. Stay blessed
No actually all the credit is to you.Might have inspired you but its all you!
Well done
In trading, you have to be defensive and aggressive at the same time
  • #35,362
  • Mar 12, 2020 11:14am Mar 12, 2020 11:14am
Quoting GreenEarth
{quote} To hell with your naysayers Davit. YOU LEAD BY EXAMPLE , and US LOYAL TROOPS WILL FOLLOW YOUR LEADERSHIP !!!! Following you , we have very little to lose , if any , and a massive amount to gain !!! Sincerely , GE
Thanks. Basic architecture is laid out here rest is up to you.Yes there will be losers but seriously when was the last time we had 1000pip spike out of blue.Or Virus epidemic? Unique situation. Not often happens hence going to carry on business as usual!Shake it off and move forward!
In trading, you have to be defensive and aggressive at the same time
  • #35,363
  • Mar 12, 2020 11:22am Mar 12, 2020 11:22am
After the Feds next week I am anticipating dramatic dumping of USD so my UC shorts are in good place not worried.
Feds just pumped 1 trillion dollars in the market and more to come.
MARCH 18Th make sure you are HERE!

Huge spikes on majors will go into deep corrections. Our economy is going to halt should everything basically shut down
In trading, you have to be defensive and aggressive at the same time
  • #35,364
  • Edited Mar 13, 2020 1:00am Mar 12, 2020 11:29am | Edited Mar 13, 2020 1:00am
  • #35,365
  • Mar 12, 2020 3:00pm Mar 12, 2020 3:00pm
I never had seen such high spreads on tickmill (20-25) before.
What is going on there?
  • #35,366
  • Mar 12, 2020 3:47pm Mar 12, 2020 3:47pm
Quoting renkotop
I never had seen such high spreads on tickmill (20-25) before. What is going on there?
Yep, check ICM .....all a bunch of thieves !
Stay green!!!
  • #35,367
  • Mar 12, 2020 10:21pm Mar 12, 2020 10:21pm
working as safe as possible.
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  • #35,368
  • Edited Mar 13, 2020 3:46am Mar 12, 2020 10:25pm | Edited Mar 13, 2020 3:46am
Quoting ppxdf
working as safe as possible. {image}

I like EG short Now.Extremely high probability trade. 8924 great spot
Cant wait to get out of UC trades.Holding up lot of funds.I see these opportunities salivating but can't take them

Today PA was unreal both in stocks and FX and FX was caused by stocks crashing.
We are heading dark times.Everything is being shut down.Every dollar counts now because even if you want to work there is nothing there.Even Uber nobody to pick up much really
Yes do trade conservatively Its not the right time to make mistakes.
In trading, you have to be defensive and aggressive at the same time
  • #35,369
  • Mar 12, 2020 10:50pm Mar 12, 2020 10:50pm
Quoting renkotop
I never had seen such high spreads on tickmill (20-25) before. What is going on there?
Renkotop the spreads were going crazy on the UC trade as well.
Got out with a smile but it was frustrating at times.
Pain in the ass really.
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #35,370
  • Mar 13, 2020 3:49am Mar 13, 2020 3:49am
Not sure Zero but another .25 or .5 likely.It will be great for USD corrections
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In trading, you have to be defensive and aggressive at the same time
  • #35,371
  • Mar 13, 2020 4:02am Mar 13, 2020 4:02am
Hi Davit,

I agree with the strategic pick on AN trying to stay safe away from huge volatility spikes.
I'm long too with small position due to limited margin after the loss.
Position is small also considering that after the double top between 4 and 5 of March trend for AN is clearly down with LL/LH since.
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Porta itineris dicitur longissima esse
  • #35,372
  • Edited 4:48am Mar 13, 2020 4:20am | Edited 4:48am
Quoting bubincka
Hi Davit, I agree with the strategic pick on AN trying to stay safe away from huge volatility spikes. I'm long too with small position due to limited margin after the loss. Position is small also considering that after the double top between 4 and 5 of March trend for AN is clearly down with LL/LH since. {image}
Should bounce soon.Hang in there.I am on it
market is nervous buying anything other then USD.Should stocks rally a little it will help commodity pairs
Wall Street really needs something positive.Yesterday drops were brutal. Had to close 25% of UC positions as loss
Tough taking losses but comes with territory.If you dont want to be burn don't become a cook
You should never forget there is another side of the loss which is gain.Focus on gains making money.Worst thing to do is letting a loss scar you.Hinder your trading
Remember its random distribution of losses and gain and with EDGE we have higher probability to have more winners.I really dont count recent crises of virus as regular event hence should be dismissed as anomaly.Not part of the system
In trading, you have to be defensive and aggressive at the same time
  • #35,373
  • Mar 13, 2020 4:41am Mar 13, 2020 4:41am
Quoting Davit
{quote}...If you dont want to be burn don't become a cook
That's a good one, a laughter is always the best medicine.
Porta itineris dicitur longissima esse
  • #35,374
  • Mar 13, 2020 5:01am Mar 13, 2020 5:01am
Quoting bubincka
{quote} That's a good one, a laughter is always the best medicine.
Jesse Livermore greatest trader who ever lived (fellow Massachusetts resident) lost his fortune several times and build it up in today's money in billions and at times started with very little money and took it to millions !Yes mental outlook is critical.
if you have not read please do so
Reminiscences of a Stock Operator

Key to his style of success was getting in early on a trend then reinvesting the gains on same trade over and over until it ended at times riding it for months.
He would take the equity of the gains then hummer more positions snow balling it. Example had you went long on UC below 1.30 and kept adding it to 1.39 that would of been his typical massive trade.Kind of hard to do in forex because of swings but he did it on stocks successfully.
In trading, you have to be defensive and aggressive at the same time
  • #35,375
  • Mar 13, 2020 10:22am Mar 13, 2020 10:22am
Hello Friends,

does anybody uses Tickmill?
I have no Access and can not close orders...
  • #35,376
  • Mar 13, 2020 11:29am Mar 13, 2020 11:29am
Quoting renkotop
Hello Friends, does anybody uses Tickmill? I have no Access and can not close orders...
Hi Renkotop,

I don't use Tickmill. Trading.com for me, but I sometimes have the same problem, can't access and see any charts, especially around 5 pm.
May the Force be with you.
  • #35,377
  • Edited 12:18pm Mar 13, 2020 11:55am | Edited 12:18pm
This week's results so far:

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Waiting on speech Trump. Still have some UC's running in profit.

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May the Force be with you.
  • #35,378
  • Mar 13, 2020 12:35pm Mar 13, 2020 12:35pm
Bad sign!
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  • #35,379
  • Mar 13, 2020 12:48pm Mar 13, 2020 12:48pm
Nothing much happening anymore so I closed my UC trades. That's it for me this week.

Back on track after last week's market frenzy

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Update:
And as always.... it went down after I closed the trades could have made 50 pips x 8 more, but that's life. Still learning...
May the Force be with you.
  • #35,380
  • Mar 13, 2020 1:30pm Mar 13, 2020 1:30pm
Quoting Josti
{quote} Hi Renkotop, I don't use Tickmill. Trading.com for me, but I sometimes have the same problem, can't access and see any charts, especially around 5 pm.
5 pm. Josti, we have the same time Zone. Thanks for Reply!
renko
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