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Pivot Trading

  • #36,081
  • Apr 1, 2020 8:58am Apr 1, 2020 8:58am
Quoting Davit
{quote} 450 ADR with potential of wild spikes you better have best entry or you are fked
Right, it was not a good set-up. Got out with a small loss.
buying tops / selling bottoms
  • #36,082
  • Apr 1, 2020 8:58am Apr 1, 2020 8:58am
Trades closed so far.
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In trading, you have to be defensive and aggressive at the same time
  • #36,083
  • Apr 1, 2020 9:05am Apr 1, 2020 9:05am
UC hugging WP 4154 either goes lower or hovers close to it.Its one of those scale situations who is going to win bulls or bears
so far bulls are putting a fight

Well I am a BEAR
I almost always sell rallies on downtrend and buy the dips on uptrend
4120 next would be nice
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In trading, you have to be defensive and aggressive at the same time
  • #36,084
  • Apr 1, 2020 9:21am Apr 1, 2020 9:21am
Quoting Davit
UC hugging WP 4154 either goes lower or hovers close to it.Its one of those scale situations who is going to win bulls or bears so far bulls are putting a fight Well I am a BEAR I almost always sell rallies on downtrend and buy the dips on uptrend 4120 next would be nice {image}
I' m still short since days (swingtrade). Still in DD. I Need help from WTI to go up
  • #36,085
  • Edited 9:40am Apr 1, 2020 9:25am | Edited 9:40am
Quoting renkotop
{quote} I' m still short since days (swingtrade). Still in DD. I Need help from WTI to go up


I said this to GE and will say same to you.

Market has changed since virus its lot more choppy with short bursts of spikes therefore you must adapt and forget home runs think small single hits.
While you are waiting for homerun your funds are kept as hostage in DD not making any money.That's the frustrating thing not the DD itself but not being able to place new trades. MY advise once you get out of this focus on short term trading not scalping but 15min charts and try finish it by the end of day.

Wha'st ideal pair situations like this?The ones which range like EC I've been killing it last 3weeks on this.
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In trading, you have to be defensive and aggressive at the same time
  • #36,086
  • Apr 1, 2020 10:11am Apr 1, 2020 10:11am
Check this out? ADR top coincidence? Don't think so
Major drop like that takes lot of money and dont think it was random.Spike went all the way to ADR low. Pull your charts and look.
Basically if you were long you got fked big time.
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In trading, you have to be defensive and aggressive at the same time
  • #36,087
  • Apr 1, 2020 10:12am Apr 1, 2020 10:12am
Quoting Davit
{quote} I said this to GE and will say same to you. Market has changed since virus its lot more choppy with short bursts of spikes therefore you must adapt and forget home runs think small single hits. While you are waiting for homerun your funds are kept as hostage in DD not making any money.That's the frustrating thing not the DD itself but not being able to place new trades. MY advise once you get out of this focus on short term trading not scalping but 15min charts and try finish it by the end of day. Wha'st ideal pair situations like this?The...
Davit, thank you for this advice.
Renko
  • #36,088
  • Apr 1, 2020 10:15am Apr 1, 2020 10:15am
Quoting renkotop
{quote} Davit, thank you for this advice. Renko
I am here same reason like others learning from each other. Stay green
In trading, you have to be defensive and aggressive at the same time
  • #36,089
  • Apr 1, 2020 10:45am Apr 1, 2020 10:45am
something to relax while waiting on trades
one of my favorite Bach's works.In guitar particularly poignant
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #36,090
  • Apr 1, 2020 11:08am Apr 1, 2020 11:08am
Quoting Davit
Check this out? ADR top coincidence? Don't think so Major drop like that takes lot of money and dont think it was random.Spike went all the way to ADR low. Pull your charts and look. Basically if you were long you got fked big time. {image}
Does anyone know is there adr high indicator in tradingview like this?
  • #36,091
  • Apr 1, 2020 11:10am Apr 1, 2020 11:10am
Quoting MoneyTalks58
{quote} Does anyone know is there adr high indicator in tradingview like this?
I dont personally

EJ put it on your high probably trade basket to watch
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In trading, you have to be defensive and aggressive at the same time
  • #36,092
  • Apr 1, 2020 11:21am Apr 1, 2020 11:21am
Quoting MoneyTalks58
{quote} Does anyone know is there adr high indicator in tradingview like this?
Yes I made one a while ago. Noted by the blue lines. You can copy from here or PM me and i can send you the code.
https://www.tradingview.com/chart/y4RPViGy/

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Trade with confidence, trade without fear.
  • #36,093
  • Apr 1, 2020 11:23am Apr 1, 2020 11:23am
Quoting Ced74
{file} A simple program which will close all trades on separate pairs...A great EA in my humble opinion. R
I like it, thanks!
Trade with confidence, trade without fear.
  • #36,094
  • Apr 1, 2020 11:36am Apr 1, 2020 11:36am
Based on Davit's advice about short term I took a long position on UC at the bottom of the move down and closed it at big round number 1.4200 on M15 for 50 pips. Looks like it may move up a little more but was content with what I got.

Looks like the big move down may have been a stop run.
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  • #36,095
  • Apr 1, 2020 12:00pm Apr 1, 2020 12:00pm
Important News tomorrow:
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  • #36,096
  • Apr 1, 2020 1:07pm Apr 1, 2020 1:07pm
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,086 Posts | Online Now
Quoting renkotop
Important News tomorrow: {image}
This is my thoughts for tomorrow,
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We obey the structure that results from the market's reaction
  • #36,097
  • Apr 1, 2020 2:37pm Apr 1, 2020 2:37pm
My UC trade 1st one made profit but when reloaded on a bounce like a cartoon ball didn't come down instead kept going up.
Obviously market nervous about Oil. 2 of the biggest producers SA and Russia are senselessly pumping flooding the market in contracted demand which makes zero business sense.Soon they just going to give it away free....once all storages get filled.
DD on UC now
Have a chance maybe tomorrow to get out not too bad 4150 gets me out with profit.I am going to be more conservative on CAD going forward.The crude situation is scary for the industry and Canada.If nothing is done its going to destroy bankrupt thousands of businesses.Hope it does not get there
In trading, you have to be defensive and aggressive at the same time
  • #36,098
  • Apr 1, 2020 2:49pm Apr 1, 2020 2:49pm
speaking of ADR spike on AC exactly on it.Its something to be aware of
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In trading, you have to be defensive and aggressive at the same time
  • #36,099
  • Apr 1, 2020 2:51pm Apr 1, 2020 2:51pm
Quoting Egbert
{quote} This is my thoughts for tomorrow, {image} {image} {image} {image}
dont depend on it.Pay attention to system rules and principles.Its easy getting distracted.
In trading, you have to be defensive and aggressive at the same time
  • #36,100
  • Apr 1, 2020 2:55pm Apr 1, 2020 2:55pm
Quoting TerryDawe
Based on Davit's advice about short term I took a long position on UC at the bottom of the move down and closed it at big round number 1.4200 on M15 for 50 pips. Looks like it may move up a little more but was content with what I got. Looks like the big move down may have been a stop run. {image}
well done
In trading, you have to be defensive and aggressive at the same time
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