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Pivot Trading

  • #35,841
  • Mar 25, 2020 9:46pm Mar 25, 2020 9:46pm
Quoting Davit
Without people working I dont see Stocks going higher on sustainable manner why I think we are heading another bottom. Nervousness on commodity pairs shows it AUD getting trashed but look at AN may provide bargain.
Please stay away from both the down under twins. your account is doing good. why do you want to get back to them. I am considering skipping these pairs forever. account growth is slow without trading them but growth is still growth. atleast i am not going to get 1100 pips spike in 2 hrs.
  • #35,842
  • Mar 25, 2020 9:52pm Mar 25, 2020 9:52pm
Quoting giveachance
{quote} Please stay away from both the down under twins. your account is doing good. why do you want to get back to them. I am considering skipping these pairs forever. account growth is slow without trading them but growth is still growth. atleast i am not going to get 1100 pips spike in 2 hrs.
Valid point.Well taken
In trading, you have to be defensive and aggressive at the same time
  • #35,843
  • Mar 25, 2020 9:56pm Mar 25, 2020 9:56pm
Quoting GreenEarth
Wondering if WTI is going to revisit S38 ($20.67). With everything shutdown , demand for Crude has to be way down , thus , any OPEC cuts are moot right now. Romanov102 REALLY has me thinking. Could there be a move that is so massive , no would ever imagine it could happen. GE
dont scare yourself.Stay calm
Worst case you close your UC profitable trades.Even now if you are concern then you'll be flat

I stopped watching TV its all gloom.Helps have normalcy
In trading, you have to be defensive and aggressive at the same time
  • #35,844
  • Mar 25, 2020 9:57pm Mar 25, 2020 9:57pm
till the time german dax breaks that 9350 level decisively it is still good for a move towards 10900
  • #35,845
  • Mar 25, 2020 10:07pm Mar 25, 2020 10:07pm
Still heavy short in UC. Oil is puzzling me. It could actually move in a sideways trend for quite awhile and be enough to keep the USD climbing I suppose.

This is certainly a challenging puzzle.

GE
"Define the risk OUT of your trade"--Mark Douglas
  • #35,846
  • Mar 25, 2020 10:09pm Mar 25, 2020 10:09pm
Quoting giveachance
till the time german dax breaks that 9350 level decisively it is still good for a move towards 10900
For you brother since you are Indian. I love traditional Indian music and dance.So much meaning in gestures eyes expression staff you rarely see in western dance. Just looking at her close up with those expressions you fall in love...
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #35,847
  • Mar 25, 2020 10:13pm Mar 25, 2020 10:13pm
Davit I can't watch the News lately , exactly what you say , "doom and gloom". The News Media is a tremendous weapon. Literally does control the minds of many people.
All you guys are the best.
Sure is a good feeling to be associated with a group of talented traders who sincerely do care about what is going on in this World.
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #35,848
  • Edited 11:57am Mar 26, 2020 12:48am | Edited 11:57am
Someone is playing with the US unemployment Claims. Now we have 1.648K. Before 1.500K

If necessary they manipulate the figures where they want them be!

Maybe 4.000K???

---> And what is going to happen, if the next unemployment Claims Show another 2.000K.
Then UC is 1.37???
  • #35,849
  • Mar 26, 2020 4:21am Mar 26, 2020 4:21am
Quoting renkotop
Someone is playing with the US unemployment Claims. Now we have 1.648K. Before 1.500K If necessary they manipulate the figures where they want them be! Maybe 4.000K???
You are 100% correct but it happens every month and it's called "revised figures". Somehow the revised figures are worse most of the time
  • #35,850
  • Mar 26, 2020 5:09am Mar 26, 2020 5:09am
Quoting renkotop
Someone is playing with the US unemployment Claims. Now we have 1.648K. Before 1.500K If necessary they manipulate the figures where they want them be! Maybe 4.000K???
Well California alone reported 1 million unemployment filings for the last two weeks. The numbers are going to be ugly.
Trade with confidence, trade without fear.
  • #35,851
  • Mar 26, 2020 6:19am Mar 26, 2020 6:19am
GM guys
Reloaded on UC but much lower number.

Trades so far today Over my daily goal of 1k
Got out of EG didn't want to gamble on news.Takes way too margin and for that alone not great. EC above 55 might look to short
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In trading, you have to be defensive and aggressive at the same time
  • #35,852
  • Mar 26, 2020 6:24am Mar 26, 2020 6:24am
Its possible UC dropping below 40 specially if the unemployment number comes out jaw dropping number
In trading, you have to be defensive and aggressive at the same time
  • #35,853
  • Mar 26, 2020 6:45am Mar 26, 2020 6:45am
Closed AC short, target missed at WPP.
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buying tops / selling bottoms
  • #35,854
  • Mar 26, 2020 6:54am Mar 26, 2020 6:54am
Again early exit on some trades, it's my biggest mistake which is a lot of pips left on the table.
I have to work hard on aspect of my trading, much more than early entries.
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Porta itineris dicitur longissima esse
  • #35,855
  • Mar 26, 2020 7:03am Mar 26, 2020 7:03am
Quoting bubincka
Again early exit on some trades, it's my biggest mistake which is a lot of pips left on the table. I have to work hard on aspect of my trading, much more than early entries. {image} {image}
It’s not so much what you make but what you can keep. If you can peel off a decent/modest amount regularly then your doing better then most.
Trade with confidence, trade without fear.
  • #35,856
  • Mar 26, 2020 7:12am Mar 26, 2020 7:12am
Quoting Cryptosurf
{quote} It’s not so much what you make but what you can keep. If you can peel off a decent/modest amount regularly then your doing better then most.
I also want to add its always easier saying after the fact. You are in profit of 50pips you want 75 market goes back to 10 then you ask why you didn't take TP at 50
Market gives what it gives and at times most times profit is profit.
In trading, you have to be defensive and aggressive at the same time
  • #35,857
  • Mar 26, 2020 7:14am Mar 26, 2020 7:14am
Took short on EC
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In trading, you have to be defensive and aggressive at the same time
  • #35,858
  • Mar 26, 2020 7:19am Mar 26, 2020 7:19am
We need to help our Canadian neighbors by appreciating their currency!Its my little contribution buying CAD
In trading, you have to be defensive and aggressive at the same time
  • #35,859
  • Mar 26, 2020 8:09am Mar 26, 2020 8:09am
Closed EC
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In trading, you have to be defensive and aggressive at the same time
  • #35,860
  • Edited 9:30am Mar 26, 2020 8:10am | Edited 9:30am
Hello all,
Just recently found this thread. Found it to be very informative.

I thougt i will give some experimenting with Davit's Pivots, and post some ideas. Feel free to comment and point mistakes. As i am the noob trying to be a trader


Guppy idea: confluence daily pivot + WR38// target WPP


GL

edit:
I do trade longer if that was the reason, just not full time. Plus there is always something more to learn, specialy from more seasoned traders.
But thats totaly fine, i will just be silent observer. I still think it's great thread.

Peace
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Yeah, well, you know, that's just, like, your opinion, man.
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