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Pivot Trading

  • #35,541
  • Mar 19, 2020 11:14am Mar 19, 2020 11:14am
Opportunities are everywhere and firm believer in pivots....the yearly down to the hourly. Same rules, buy at support, sell into resistance.

Lately been humping the DOW on the 1m Candle with 1H pivots, easiest 1K made in 15 minutes.

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Trade with confidence, trade without fear.
  • #35,542
  • Edited 1:14pm Mar 19, 2020 12:59pm | Edited 1:14pm
Quoting Cryptosurf
Opportunities are everywhere and firm believer in pivots....the yearly down to the hourly. Same rules, buy at support, sell into resistance. Lately been humping the DOW on the 1m Candle with 1H pivots, easiest 1K made in 15 minutes. {image}
1k is great money these days! Darrin great job buddy
Stay safe

EG worth hitting again on bounce to 92 short
In trading, you have to be defensive and aggressive at the same time
  • #35,543
  • Mar 19, 2020 1:09pm Mar 19, 2020 1:09pm
Want to throw this out

If you got no fever and staying indoors home good chance you dont have the virus so relax.
High fever followed by dry cough signs of Covid 19
If you got runny nose chances are you got regular cold.Interesting that Covid 19 symptoms rarely include runny nose.
In trading, you have to be defensive and aggressive at the same time
  • #35,544
  • Mar 19, 2020 1:57pm Mar 19, 2020 1:57pm
Crude just shot high reaction on CAD is mute so far
sick of panic USD buying! Would not mind this plummet to 2008 lows after the crash.Its possible now they predict 80% chance of recession
USD is like Anaconda squeezing life force out of the countries
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #35,545
  • Mar 19, 2020 2:29pm Mar 19, 2020 2:29pm
Put UJ on your watch list
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In trading, you have to be defensive and aggressive at the same time
  • #35,546
  • Mar 19, 2020 3:15pm Mar 19, 2020 3:15pm
Beauty of current chart is basically idiot proof.
Lets say you want to short EG well its not ready yet. Clear? No ifs or buts its not Ready yet
Why I like 8 and 21 its most powerful combo out there IMO
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In trading, you have to be defensive and aggressive at the same time
  • #35,547
  • Mar 19, 2020 3:30pm Mar 19, 2020 3:30pm
Quoting Davit
Beauty of current chart is basically idiot proof. Lets say you want to short EG well its not ready yet. Clear? No ifs or buts its not Ready yet Why I like 8 and 21 its most powerful combo out there IMO {image}
I know some who swear by it. Various Fibonacci sequence ma's. 8, 13, 21, 34, 55, 89, 144, etc
Trade with confidence, trade without fear.
  • #35,548
  • Mar 19, 2020 3:35pm Mar 19, 2020 3:35pm
Quoting Cryptosurf
{quote} I know some who swear by it. Various Fibonacci sequence ma's. 8, 13, 21, 34, 55, 89, 144, etc
Going to be very diligent on this because most of my losses were early entries.Its going to stop.There will be losers but significantly reduced.
In trading, you have to be defensive and aggressive at the same time
  • #35,549
  • Mar 19, 2020 3:39pm Mar 19, 2020 3:39pm
Someone went long on GU if at 100S its been going down.So you would of been in DD from 1620 to now 100pips.NOT good.We are trying to avoid this shit!Reducing DD as much as possible.
Strong support at 15 though
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In trading, you have to be defensive and aggressive at the same time
  • #35,550
  • Mar 19, 2020 3:41pm Mar 19, 2020 3:41pm
Quoting Davit
{quote} Going to be very diligent on this because most of my losses were early entries.Its going to stop.There will be losers but significantly reduced.
I'm interested to learn something new to your trading style. Maybe this will help us too with entering trades too early. I'm looking for a way to help me fine tune my entries.
  • #35,551
  • Mar 19, 2020 3:45pm Mar 19, 2020 3:45pm
Quoting bojack34
{quote} I'm interested to learn something new to your trading style. Maybe this will help us too with entering trades too early. I'm looking for a way to help me fine tune my entries.
Its simple 15 chart (my go to TF)conservative 30min Price in the zone look and wait until price drops below or above MA's short or long. No need 20 traffic lights and oscillators.Simplicity is powerful.
Combine it with awareness of events and you are good to go.
In trading, you have to be defensive and aggressive at the same time
  • #35,552
  • Edited 4:15pm Mar 19, 2020 3:52pm | Edited 4:15pm
AJ even though price is in the zone its going down.You must wait.Price below MA's
Although at 100s was good trade going up.
UC and AN holding my funds.Can't take trades until I close these in profit.Yes I see lots of great set ups but can't take them.
Maybe Deltaone can give me 50k to trade as good willafter all its peanuts to him.How about it since you read my every word action movement might as well invest on me.
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In trading, you have to be defensive and aggressive at the same time
  • #35,553
  • Mar 19, 2020 4:14pm Mar 19, 2020 4:14pm
Quoting Davit
{quote} Its simple 15 chart (my go to TF)conservative 30min Price in the zone look and wait until price drops below or above MA's short or long. No need 20 traffic lights and oscillators.Simplicity is powerful. Combine it with awareness of events and you are good to go.
TY for your response. I've never used MA's before. I was always under the impression that they were lagging and to use them was useless. I will give them a look. TY
  • #35,554
  • Mar 19, 2020 4:43pm Mar 19, 2020 4:43pm
Quoting Davit
Lot of pairs are respecting key pivots GU bounced from S61 EU touched S61 then bounced North AU little lower then S61 EG right on the R61 Pivot principles still strong that's why I am confident we are going to make money lots of it.I want to share what I've been working on as filter. Will monitor trades for two weeks but so far happy with it. Idea is to focus daily weekly and closed all trades by Friday.Even though I have been anti MA reality is there is nothing else that I like. Dashboards are based on MA's so why not use it what it is. I am using...
Have you changed anything with your exits other than closing trades Friday and not holding over the weekend anymore?
  • #35,555
  • Mar 19, 2020 7:28pm Mar 19, 2020 7:28pm
long GU fits all my requirements
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In trading, you have to be defensive and aggressive at the same time
  • #35,556
  • Mar 19, 2020 7:32pm Mar 19, 2020 7:32pm
Quoting bojack34
{quote} Have you changed anything with your exits other than closing trades Friday and not holding over the weekend anymore?
Will still hold UC AN over the weekend until I am out of them.After that Yes closing all by friday
In trading, you have to be defensive and aggressive at the same time
  • #35,557
  • Mar 19, 2020 8:44pm Mar 19, 2020 8:44pm
closed GU
all my left over margin why position was small but would of loved going big if my margin was freed.
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In trading, you have to be defensive and aggressive at the same time
  • #35,558
  • Mar 19, 2020 8:53pm Mar 19, 2020 8:53pm
Closed some EU
As soon as I got out it plunged down. Its not the time to hold long.Just scalping
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In trading, you have to be defensive and aggressive at the same time
  • #35,559
  • Mar 19, 2020 9:04pm Mar 19, 2020 9:04pm
closed some more EU
total last 1hr of trading
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In trading, you have to be defensive and aggressive at the same time
  • #35,560
  • Mar 19, 2020 9:30pm Mar 19, 2020 9:30pm
closed some UJ 669 in 1hr of work I'll take it essentially with 3k margin rest tight up in trades.
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In trading, you have to be defensive and aggressive at the same time
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