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Pivot Trading

  • #36,001
  • Mar 30, 2020 9:03am Mar 30, 2020 9:03am
Quoting Davit
{quote} Not rich by any standards and lost good chunk of account myself however instead of whining about it I won almost 70% back in 2weeks so its not all gloom. Your attitude has lot to do with it.I am not thinking about what happened this month I am thinking where I want to be at Dec 2020! still 9month of trading left! True trader worth his salt is lion inside and that's the attitude always a fighter!
because u are a professional. its not easy to win back 70% in 2 weeks
  • #36,002
  • Mar 30, 2020 9:04am Mar 30, 2020 9:04am
Quoting giveachance
{quote} because u are a professional. its not easy to win back 70% in 2 weeks
Its not about the number its about the attitude.This is more critical the drive the passion.Money will come when proper mental attitude is achieved.

I nail trades because what has happened has no bearing for NOW it only made me focus harder and my profits skyrocketed

3months ago with more money in account I was not nailing 1k a day now with less money I am hitting that and more.What has changed is attitude.
In trading, you have to be defensive and aggressive at the same time
  • #36,003
  • Mar 30, 2020 9:07am Mar 30, 2020 9:07am
Quoting giveachance
long german dax for a target of 11k sometime next month. closed all shorts for a nice profit
will chase dax longs this whole week. i believe a short covering is coming sooner than later
  • #36,004
  • Mar 30, 2020 9:23am Mar 30, 2020 9:23am
Shorting UC should get closer to 41 by the end of the day
Not looking for home runs maybe my biggest mistake in the past now solid 2lots 50pips is 600-900 is fine
Bank it then if PA wants to go further down reload as I did last night on EC
My mistake in the past holding for home runs and PA coming back taking profits away or good chunk of it.Not anymore that does not work for me now
Now its about rabid account building bank bank reload bank again.
In trading, you have to be defensive and aggressive at the same time
  • #36,005
  • Mar 30, 2020 9:47am Mar 30, 2020 9:47am
Oil showing some life with it CAD getting a breather
Anticipating that gap to close

EC has been shorting heaven.Too bad was commited to UC and I dont like trading same currency on different pairs
Pink line is what I traded last night and its pretty identical today
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In trading, you have to be defensive and aggressive at the same time
  • #36,006
  • Mar 30, 2020 10:39am Mar 30, 2020 10:39am
Quoting renkotop
I Do not post, because no pair is above/below 61.
I don't like Mondays .. who sang it ?

Over the fact that at the beginning of the week almost every pair is still unsure what direction to take, personally I've seen that many early entries of mine were made on Monday., therefore I prefer to go slowly.

I've began to build some positions on CJ long.
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Porta itineris dicitur longissima esse
  • #36,007
  • Mar 30, 2020 11:04am Mar 30, 2020 11:04am
Long UC , 3.6% gain on account within 20 minutes.
I have to admit , today for whatever reason , I missed a lot of trades due to paralysis by analysis , could have easily made a 20 + % gain on my account within the last 6 hours.
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"Define the risk OUT of your trade"--Mark Douglas
  • #36,008
  • Mar 30, 2020 12:02pm Mar 30, 2020 12:02pm
Reloaded UC SHORT.
Account now up 5.5% total since last post.
Thanks Davit for suggesting that I start thinking more like a trader rather than an investor. Has already paid amazing dividends.
Thanks ,
GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #36,009
  • Mar 30, 2020 12:05pm Mar 30, 2020 12:05pm
Great day.
Done trading for today , Grandson's Birthday.
Thanks to all of you.
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #36,010
  • Mar 30, 2020 12:47pm Mar 30, 2020 12:47pm
Quoting Davit
Even though crude is hitting rock bottom GC is looking good to short.You could build it up small in case pushes little higher On positive news MASS and Federal tax deadline extended to July 15 That's really good news since I own them shitload....
The more we owe the more happy we are. On the other hand ...
Attached Image
  • #36,011
  • Mar 30, 2020 3:47pm Mar 30, 2020 3:47pm
Quoting Davit
{quote} As long as Pivots are main focus and PA I am cool with that.That's the heart of it so you can post MA's are the clutches delay tactic to prevent DD for advanced traders maybe not needed
Thanks buddy
  • #36,012
  • Mar 31, 2020 12:47am Mar 31, 2020 12:47am
Good morning guys! Just wanted to ask, my pivot is right? Aud/Cad approaching R61
Attached Image (click to enlarge)
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Time is your friend; impulse is your enemy! - John Bogle
  • #36,013
  • Mar 31, 2020 1:04am Mar 31, 2020 1:04am
Quoting Viki84
Good morning guys! Just wanted to ask, my pivot is right? Aud/Cad approaching R61 {image}
Yes it is fine.
  • #36,014
  • Mar 31, 2020 1:04am Mar 31, 2020 1:04am
Quoting renkotop
{quote} Yes it is fine.
Thank you!!
Time is your friend; impulse is your enemy! - John Bogle
  • #36,015
  • Mar 31, 2020 1:14am Mar 31, 2020 1:14am
Quoting Viki84
Good morning guys! Just wanted to ask, my pivot is right? Aud/Cad approaching R61 {image}
Viki84 , Davit likes to see your Pivot Points within 5 pips , however your R61 Pivot point of 87969 is fine as Renkotop stated.
My R61 Pivot Point is 87900 , thus you are within 6.9 pips.
Thus , you are well "within the zone".
Best Wishes with your trading.
This is the best trading forum on the web. Follow the rules , read the thousands of posts , spend the hours looking and learning from charts , and you are golden.
Renkotop is one of the best traders on this forum.
Green Pips ,
GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #36,016
  • Mar 31, 2020 1:35am Mar 31, 2020 1:35am
Quoting GreenEarth
{quote} Viki84 , Davit likes to see your Pivot Points within 5 pips , however your R61 Pivot point of 87969 is fine as Renkotop stated. My R61 Pivot Point is 87900 , thus you are within 6.9 pips. Thus , you are well "within the zone". Best Wishes with your trading. This is the best trading forum on the web. Follow the rules , read the thousands of posts , spend the hours looking and learning from charts , and you are golden. Renkotop is one of the best traders on this forum. Green Pips , GreenEarth
Thank you very much for your answer!! Im already started reading the posts, but only on weekend. Lots of very good answers, from the best! What u said, i really like learning from charts! I train my eyes Green pips to you!!
Time is your friend; impulse is your enemy! - John Bogle
  • #36,017
  • Edited 4:00am Mar 31, 2020 3:45am | Edited 4:00am
Textbook Pivot trade
AC

AUD against NZD appreciated great deal.Will wait for a dip to buy but not now

China showed great numbers on manufacturing although personally think all their numbers are fake including virus death numbers.
Billion country which has less deaths then US on Covid19! That must be the biggest joke
I bet reality will surface one day hundreds of thousands died much larger figure.
Funds are tight up on UC and not too happy about it not moving south.Crude still very weak at 21 does weaken the CAD unless Saudis can reach new agreement with Russians.Saudis behavior was not smart or correct more like a child throwing a tantrum "I'll show you by flooding the market with oil) only ends up hurting all oil producers including them!
Mistake I made should of focused on EC and crosses UC stuck right at 4180-90 is holding up the funds.Hate when my money is not working.Time wasted
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In trading, you have to be defensive and aggressive at the same time
  • #36,018
  • Mar 31, 2020 4:06am Mar 31, 2020 4:06am
EC about 90pips drop...really missed out here
5650 is strong R
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #36,019
  • Mar 31, 2020 4:10am Mar 31, 2020 4:10am
This pairs continues to be manipulated last night spike on China data 200pips spike sure would of taken all stops
Be careful on EA GA AJ Not trading EA or GA personnaly
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In trading, you have to be defensive and aggressive at the same time
  • #36,020
  • Mar 31, 2020 4:13am Mar 31, 2020 4:13am
I tried this. Lets see.
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