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Pivot Trading

  • #35,901
  • Mar 26, 2020 5:35pm Mar 26, 2020 5:35pm
Quoting Davit
{quote} no issues taking money out? That's my worry with offshore brokers. Yes Oanda spreads get lot wider now but I can deal with that as long as I can still trade.I have no issues with them taking money out.I just hope they dont shut down trading in general during Virus phase because there is talk about USD being too strong etc...needing curtailing speculation.
Never an issue, as I stated 2 of them I've used 5+ years. Only con is everything is moved through crypto, however, I use USDC, which is a stable coin and doesn't fluctuate. I'm not saying to use the 500:1, but when you are in trades now I see you missing opportunities due to margin being tied up, that doesn't exist offshore Not to mention, the 50:1 you think you have in US is only on three pairs EURUSD, USDCAD and EURCAD, AUD and JPY are 33:1 and GBP is 20:1. In addition, you have metals,oil, indicies, which, by the way, your method works on all of these. I even have a broker I can trade 65 different stocks with leverage.
  • #35,902
  • Mar 26, 2020 6:06pm Mar 26, 2020 6:06pm
Hi guys as we know nothing goes straight line.I am anticipating UC to reach 42 for correction before heading south below 40
GE its just my opinion!I am often wrong!
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 44 KB
In trading, you have to be defensive and aggressive at the same time
  • #35,903
  • Mar 26, 2020 6:10pm Mar 26, 2020 6:10pm
Quoting Josti
My results so far for this week: {image} Maybe I can squeeze some more pips out of it. I have some AN longs running.
nice work
In trading, you have to be defensive and aggressive at the same time
  • #35,904
  • Mar 26, 2020 6:42pm Mar 26, 2020 6:42pm
Tracking GC to see if it wants to pass days high if not short might be in order

Refresher when trading crosses look at majors. If example UC going up (CAD selling) and GU going up (GBP buying) then shorting GC is Big NO
In ordere for this to work GU must be going into correction south either faster then UC going higher or UC staying same but GU going lower

Point is this should become reflex something you must do on every trade on crosses
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM15.png Size: 49 KB
In trading, you have to be defensive and aggressive at the same time
  • #35,906
  • Mar 26, 2020 7:18pm Mar 26, 2020 7:18pm
Quoting bob44
Ok silly question time. I am showing on the chart two PP one weekly the other daily. Does it make a difference on a sell that the weekly is above the daily, is there any benefit to look at both PP. Thank you Bob {image}
how did you end up with daily pivots.My template does not show it.
Do me favor read the 1st page again slowly then look at your chart then reply me.If you can't read basic instruction you can't trade.Trading is all about paying attention but obviously you are already falling behind at attention part.
In trading, you have to be defensive and aggressive at the same time
  • #35,907
  • Edited 7:54pm Mar 26, 2020 7:35pm | Edited 7:54pm
Want to mention I risk more then average trader.You decide what % you feel comfortable
There is slight hinder on goal achievement targets.Example if you have 5k account and you risk 2% max it will take very long time to reach 100% gain
Sure it will be safer but much much longer. So the way I look at risk is Experience x time factor. I basically reached 100% on 5k margin in a week.Some takes a year.I can do that because I know my abilities but I dont recommend it. Risk is up to you but 10% 15% is common among experience traders.You need lots of screen time before risking a lot of money.
Cheers

When you gain experience you'll know where to go big and where to go small. Example last week AN reached below 100 all the way to teens.Well at teens that's where you go big.You were historic bottom.Does not come up often anyway there are situations where you should be more "riskier"
As you gain experience and confidence in the markets risk should fluctuate based on trading location situation.So even if you are conservative you make a decision on size based on quality of the set up. Example UC at 45 short.That's where you dont hold back...Again you need screen time.

Example from today I liked AN at 150 so went bigger then usual.Hope this helps, EC went smaller GC even less
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #35,908
  • Mar 26, 2020 8:00pm Mar 26, 2020 8:00pm
When trading AN is very choppy.Dont get nervous its just how it is.This pair almost impossible to watch at 1min with constant mini spikes
Usually takes direction slower.You need to be patient it behaves differently then other pairs.

I think choppiness is due to less liquidity pair so whatever happens on NU AU effects AN immediately
So you can have spike down 15pips then 3min later spike up 13 then up 6 etc. You need to leave it alone to do its thing.
In trading, you have to be defensive and aggressive at the same time
  • #35,909
  • Mar 26, 2020 8:17pm Mar 26, 2020 8:17pm
Quoting pipmaster77
{quote} Never an issue, as I stated 2 of them I've used 5+ years. Only con is everything is moved through crypto, however, I use USDC, which is a stable coin and doesn't fluctuate. I'm not saying to use the 500:1, but when you are in trades now I see you missing opportunities due to margin being tied up, that doesn't exist offshore Not to mention, the 50:1 you think you have in US is only on three pairs EURUSD, USDCAD and EURCAD, AUD and JPY are 33:1 and GBP is 20:1. In addition, you have metals,oil, indicies, which, by the way, your method works...
what broker you use ???
  • #35,910
  • Mar 26, 2020 8:50pm Mar 26, 2020 8:50pm
Just closed some GBPAUD. My EURJPY short worked out as well( in addition to the one here). Took it with one of my other brokers, so not in this report.
Attached Image
  • #35,911
  • Mar 26, 2020 8:52pm Mar 26, 2020 8:52pm
Closed a EC range trade $400+
Indicator updates new day after 12am so for now will just post this.Its Friday for me after 5pm close.I've been miking EC on range all week.Been very profitable so range is good dont let others tell you otherwise.Notice all rejected bull candles tops
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM30.png Size: 57 KB
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #35,912
  • Mar 26, 2020 9:06pm Mar 26, 2020 9:06pm
Just went long on nikkei225, as cryptosurf mentioned, 4hr pivots on the indicies. I beat the dow long and short all day today. Thanks crypto.
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  • #35,913
  • Mar 26, 2020 9:31pm Mar 26, 2020 9:31pm
Closed AN 600+ got my Friday 1k alreadygot whole day tomorrow and tonight to add more
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #35,914
  • Mar 26, 2020 9:47pm Mar 26, 2020 9:47pm
Quoting Davit
{quote} John good to see you ! How you feeling
I am doing very well Davit...got my new heart aortic valve in one day and out the next day. Please note that my issue is very common. In fact, if you reach 75 years old there is a 75% chance you have Aortic Stenosis. Luckily, there is the new technology of Trans-Aortic Valve Replacement (TAVR) which is the same as the landing on the moon in medicine !
Thanks,
John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #35,915
  • Mar 27, 2020 1:44am Mar 27, 2020 1:44am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,081 Posts | Online Now
Attached Image (click to enlarge)
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We obey the structure that results from the market's reaction
  • #35,916
  • Mar 27, 2020 2:14am Mar 27, 2020 2:14am
carnage time for German DAX today. looks good for 9400 min today or monday
  • #35,917
  • Mar 27, 2020 3:58am Mar 27, 2020 3:58am
EU long reached the target.
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-03-27 09_34_00-50041185_ TradersVolt-Trader - [EURUSD,H4]_long_close_TP.png Size: 44 KB
buying tops / selling bottoms
  • #35,918
  • Mar 27, 2020 4:34am Mar 27, 2020 4:34am
Colud someone please send me this indicator. i can not find him.
Thank you,
renko
Attached Image
  • #35,919
  • Mar 27, 2020 4:38am Mar 27, 2020 4:38am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,081 Posts | Online Now
Quoting renkotop
Colud someone please send me this indicator. i can not find him. Thank you, renko {image}
Trade report compact on page 2 on the paper clip.
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Click to Enlarge Name: 735C2647-EFC1-4FA3-BBB1-D6ED1647D556.jpeg Size: 835 KB
We obey the structure that results from the market's reaction
  • #35,920
  • Mar 27, 2020 5:05am Mar 27, 2020 5:05am
There might be a slow down. I tried.
Attached Image (click to enlarge)
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