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Pivot Trading

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  • Post #35,861
  • Quote
  • Mar 26, 2020 9:14am Mar 26, 2020 9:14am
  •  Davit
  • Joined Feb 2012 | Status: Member | 21,376 Posts
Quoting His4XDUdenes
Disliked
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 {image}
Ignored
did you read the 1st page?

Everything starts with paying attention... (heart of trading)

Removed sorry. Not letting you feel bad you should start small slow and practice on Demo. GJ is a beast not a beginner pair to trade.Try slower ADR pairs.
Good luck
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In trading, you have to be defensive and aggressive at the same time
 
 
  • Post #35,862
  • Quote
  • Mar 26, 2020 9:26am Mar 26, 2020 9:26am
  •  giveachance
  • | Joined Jun 2013 | Status: Trader by hobby not by profession | 5,979 Posts
in all scenarios it looks like german DAX is gunning for 10k. much depends on how the dollar performs. at the moment lower dollar is good for stocks since it brings the export scenario in picture again which was missing
 
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  • Post #35,863
  • Quote
  • Mar 26, 2020 10:31am Mar 26, 2020 10:31am
  •  Davit
  • Joined Feb 2012 | Status: Member | 21,376 Posts
Closed more EC Its ranging with bear bias.Thus shorting closer it gets to 55
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In trading, you have to be defensive and aggressive at the same time
 
4
  • Post #35,864
  • Quote
  • Mar 26, 2020 10:42am Mar 26, 2020 10:42am
  •  Davit
  • Joined Feb 2012 | Status: Member | 21,376 Posts
UC has tough time breaking 4080 which opens up to 40
Its hard decision you take your money then half an hour later tanks to 40 or you dont goes back to your starting place...giving back good money.
Its probably biggest trading dilemma.I am going to wait for Friday weekly close.By tomorrow may reach 40 or even below it.
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In trading, you have to be defensive and aggressive at the same time
 
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  • Post #35,865
  • Quote
  • Mar 26, 2020 10:50am Mar 26, 2020 10:50am
  •  Josti
  • Joined Oct 2018 | Status: Member | 74 Posts
Quoting Davit
Disliked
UC has tough time breaking 4080 which opens up to 40 Its hard decision you take your money then half an hour later tanks to 40 or you dont goes back to your starting place...giving back good money. Its probably biggest trading dilemma.I am going to wait for Friday weekly close.By tomorrow may reach 40 or even below it. {image}
Ignored
Same dilemma over here ... will wait too. It's gonna break sometime
May the Force be with you.
 
 
  • Post #35,866
  • Quote
  • Mar 26, 2020 10:55am Mar 26, 2020 10:55am
  •  Viki84
  • Joined Mar 2019 | Status: Member | 175 Posts
Hi! Im new here in the thread, but im a big fun of pivot trading. Wanted to ask, its ok if im using daily pivot points? same rule what is Davit telling, just on daily? Thank you!!
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Time is your friend; impulse is your enemy! - John Bogle
 
 
  • Post #35,867
  • Quote
  • Mar 26, 2020 11:03am Mar 26, 2020 11:03am
  •  Davit
  • Joined Feb 2012 | Status: Member | 21,376 Posts
Quoting Viki84
Disliked
Hi! Im new here in the thread, but im a big fun of pivot trading. Wanted to ask, its ok if im using daily pivot points? same rule what is Davit telling, just on daily? Thank you!! {image}
Ignored
Daily pivots not as effective.Swings are bigger usually takes a week and they create S/R around Weekly pivots.
I prefer keeping the system as laid out however you can post but not daily pivot charts.Need to keep the system on track or it will get derailed.
regards
In trading, you have to be defensive and aggressive at the same time
 
 
  • Post #35,868
  • Quote
  • Mar 26, 2020 11:06am Mar 26, 2020 11:06am
  •  Viki84
  • Joined Mar 2019 | Status: Member | 175 Posts
Quoting Davit
Disliked
{quote} Daily pivots not as effective.Swings are bigger usually takes a week and they create S/R around Weekly pivots. I prefer keeping the system as laid out however you can post but not daily pivot charts.Need to keep the system on track or it will get derailed. regards
Ignored
Ok! Than im changing to weekly!! Thank you for your answer!
Time is your friend; impulse is your enemy! - John Bogle
 
1
  • Post #35,869
  • Quote
  • Mar 26, 2020 11:07am Mar 26, 2020 11:07am
  •  Davit
  • Joined Feb 2012 | Status: Member | 21,376 Posts
Glad let UC run run run
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In trading, you have to be defensive and aggressive at the same time
 
3
  • Post #35,870
  • Quote
  • Mar 26, 2020 11:09am Mar 26, 2020 11:09am
  •  Davit
  • Joined Feb 2012 | Status: Member | 21,376 Posts
Quoting Viki84
Disliked
{quote} Ok! Than im changing to weekly!! Thank you for your answer!
Ignored
please take time reading the thread.Lots of PDF on clipboard and you can use search function on the thread.
Most questions have been answered often more then once.
In trading, you have to be defensive and aggressive at the same time
 
3
  • Post #35,871
  • Quote
  • Mar 26, 2020 11:28am Mar 26, 2020 11:28am
  •  MrAussieFX
  • Joined Jan 2014 | Status: Member | 635 Posts
UJ BEARISH BAT 4 HR 26 MARCH 2020
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T1 achieved
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Best regards
 
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  • Post #35,872
  • Quote
  • Mar 26, 2020 12:36pm Mar 26, 2020 12:36pm
  •  giveachance
  • | Joined Jun 2013 | Status: Trader by hobby not by profession | 5,979 Posts
Quoting giveachance
Disliked
in all scenarios it looks like german DAX is gunning for 10k. much depends on how the dollar performs. at the moment lower dollar is good for stocks since it brings the export scenario in picture again which was missing
Ignored
target hit
 
1
  • Post #35,873
  • Quote
  • Mar 26, 2020 12:43pm Mar 26, 2020 12:43pm
  •  pipmaster77
  • Joined May 2016 | Status: Member | 3,299 Posts | Online Now
Hasn't crossed MA's yet, but long AUDNZD
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  • Post #35,874
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  • Mar 26, 2020 1:02pm Mar 26, 2020 1:02pm
  •  renkotop
  • Joined Nov 2015 | Status: Member | 922 Posts
If UC is below 1.40, then next target will be 1.37.
This will happen when there are another 1.500K to 2.000K People lost there Job.
Trump is guilty, because he doesn't protect the US- American citizens! Shut down would be an Option!
 
 
  • Post #35,875
  • Quote
  • Mar 26, 2020 1:06pm Mar 26, 2020 1:06pm
  •  GreenEarth
  • Joined Dec 2016 | Status: Member | 689 Posts
Still short UC.
Looking for big big move tomorrow. However , not sure if oil or stimulus deal is going to be the major catalyst. Maybe both will create a "perfect storm".
This has certainly been a test of patience for me. Almost exited a number of times.

GE
"Define the risk OUT of your trade"--Mark Douglas
 
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  • Post #35,876
  • Quote
  • Edited 1:52pm Mar 26, 2020 1:39pm | Edited 1:52pm
  •  Davit
  • Joined Feb 2012 | Status: Member | 21,376 Posts
took a nap at 2300 woke up at 430
expensive nap
Crude is declining one of the reasons
Drops to 4040 I am out
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In trading, you have to be defensive and aggressive at the same time
 
1
  • Post #35,877
  • Quote
  • Mar 26, 2020 2:15pm Mar 26, 2020 2:15pm
  •  rupasi
  • Joined Nov 2009 | Status: Member | 272 Posts
So far today. I realize the lots sizes are not traditionally pivot sizes but I am taking responsibility for my trades...
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  • Post #35,878
  • Quote
  • Mar 26, 2020 2:23pm Mar 26, 2020 2:23pm
  •  renkotop
  • Joined Nov 2015 | Status: Member | 922 Posts
Quoting rupasi
Disliked
So far today. I realize the lots sizes are not traditionally pivot sizes but I am taking responsibility for my trades... {image}
Ignored
.
 
 
  • Post #35,879
  • Quote
  • Mar 26, 2020 2:32pm Mar 26, 2020 2:32pm
  •  Davit
  • Joined Feb 2012 | Status: Member | 21,376 Posts
Closed UC glad Had a great day as you can see from stat
I set out to make 1k a day.Based on my margin that was very ambitious but I overdid myself below my results of 4day of trading
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In trading, you have to be defensive and aggressive at the same time
 
11
  • Post #35,880
  • Quote
  • Mar 26, 2020 2:36pm Mar 26, 2020 2:36pm
  •  renkotop
  • Joined Nov 2015 | Status: Member | 922 Posts
Quoting Davit
Disliked
Closed UC glad Had a great day as you can see from stat {image}
Ignored
Perfect Davit.
I' m still short on UC. I have the only Chance to be a swingtrader….

BTW: Just saw on German TV: they said that at the end of April 2020 there will be 40.000.000 people without a Job in the US.
Terrible...
 
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