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Pivot Trading

  • #36,461
  • Apr 12, 2020 4:38pm Apr 12, 2020 4:38pm
Pivot Scalping is best pairs that have least spread EU GU AU NU UJ
Don't scalp on 6-10+pip spread pairs it defeats the concept
Larger spread pairs best to keep longer swing positions.

My fave is EU
In trading, you have to be defensive and aggressive at the same time
  • #36,462
  • Edited 5:03pm Apr 12, 2020 4:51pm | Edited 5:03pm
If you prefer you can install 2 color EMA's 21 8 when both same color below red sell above green buy,You can do that as well.

Anyway its another tool for the job! One you may always carry with you

The reason this is advance because you really have to know what higher time frame price is doing and where its at pivot /swing levels why its not beginners method.Its not idiotic mindless buy green sell red.You need sufficient experience in trading screen time.
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 MA in Color(1).mq4   4 KB | 1,221 downloads
In trading, you have to be defensive and aggressive at the same time
  • #36,463
  • Apr 12, 2020 5:06pm Apr 12, 2020 5:06pm
Head of Mexico's main stock exchange dies after testing positive for coronavirus

https://www.reuters.com/article/heal...-idUSL2N2C003X
Invest in Life
  • #36,464
  • Apr 12, 2020 5:12pm Apr 12, 2020 5:12pm
Quoting Mundo
Head of Mexico's main stock exchange dies after testing positive for coronavirus https://www.reuters.com/article/heal...-idUSL2N2C003X
Perhaps Mexico did a mistake not shutting down early.Number of cases suspiciously low.I think its due the fact not enough tests were performed.This is more scarier since carriers can easily spread more people.
Sorry for Head of Stock
In trading, you have to be defensive and aggressive at the same time
  • #36,465
  • Apr 12, 2020 5:52pm Apr 12, 2020 5:52pm
Quoting Davit
{quote} Perhaps Mexico did a mistake not shutting down early.Number of cases suspiciously low.I think its due the fact not enough tests were performed.This is more scarier since carriers can easily spread more people. Sorry for Head of Stock
We get a daily news conference, very good and detailed. The Health Dept already stated numbers are inaccurate, they should be 9x higher, that is the rate they have come up with because cases not being reported or people don't bother reporting. Tests are practically non-existent due to price if taken voluntarily. Poorer communities have no access to these or have very scarce health support due to the changes AMLO made to Health Dept (which I brifely mentioned on previous post).

Here in Puerto Vallarta tourists and snowbirds had an exodus in March, Canadians were told to return or risk not being insured, all others were practically told to leave or risk being stuck in Mexico. It is...sorry but pun intended...dead here. Locals are careless and even though they have tightend up I believe its too late. Municipal President has taken a controversial decision...not regarding stimulus, not regarding health quarantine, but he purchased 500 double spaces in a land for a new COVID-19 cemetary.

Our April 30th quarantine has just been extended to May or June. Schools probably over for rest of school year, but although rules are set, they are optional. So people still out and about, you see those not caring and those in other extreme...super protective, paranoid, and hoarders.
Invest in Life
  • #36,466
  • Apr 12, 2020 6:03pm Apr 12, 2020 6:03pm
Quoting Mundo
{quote} We get a daily news conference, very good and detailed. The Health Dept already stated numbers are inaccurate, they should be 9x higher, that is the rate they have come up with because cases not being reported or people don't bother reporting. Tests are practically non-existent due to price if taken voluntarily. Poorer communities have no access to these or have very scarce health support due to the changes AMLO made to Health Dept (which I brifely mentioned on previous post). Here in Puerto Vallarta tourists and snowbirds had an exodus...
In short Chinese nuclear bomb for the globe!! Could of been started by one idiot eating a bat

Reminds me about the book/theory the Butterfly factor the Chaos theory by Edward Norton Lorenz
I feel bad for poor countries that already lack resources to begin with.Its real tragedy God saves us
In trading, you have to be defensive and aggressive at the same time
  • #36,467
  • Apr 12, 2020 6:12pm Apr 12, 2020 6:12pm
BS spike by MM to take out stops on bulls side before heading south. 25-almost 40 in minutes any stops below 95 were taken out
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In trading, you have to be defensive and aggressive at the same time
  • #36,468
  • Apr 13, 2020 6:01am Apr 13, 2020 6:01am
+11pips GU Pivot Scalping
Got my big guns loaded so in between waiting for those making some money.
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In trading, you have to be defensive and aggressive at the same time
  • #36,469
  • Apr 13, 2020 6:13am Apr 13, 2020 6:13am
AUD still very strong.I think it will remain so until Weds unemployment
OPEC cuts start I believe next month so relative weakness on Crude and CAD persists
crude dropped from 28 to 23 that's significant however I think trajectory is up from this point forward

Some trades arrive destination quick some slower...
In trading, you have to be defensive and aggressive at the same time
  • #36,470
  • Apr 13, 2020 6:22am Apr 13, 2020 6:22am
EG S38 still holding up

Should it drop lower worth going long.
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In trading, you have to be defensive and aggressive at the same time
  • #36,471
  • Apr 13, 2020 10:16am Apr 13, 2020 10:16am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,086 Posts | Online Now
Quoting Davit
+11pips GU Pivot Scalping Got my big guns loaded so in between waiting for those making some money. {image}
I'm scalping EURUSD
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We obey the structure that results from the market's reaction
  • #36,472
  • Apr 13, 2020 11:58am Apr 13, 2020 11:58am
shit day
Just DD sometimes how it goes.Time is a factor.Lots of key data on weds so I expect the same tomorrow.
AUD getting pumped now for later dump

Part of being a trader is acceptance of random nature of the market.I just roll with it.Some weeks its AK47 mowing everything down and some days like today stuck in muddy swamp.Accept it.No panic no stress.Just wait it out until things change and they will.
In trading, you have to be defensive and aggressive at the same time
  • #36,473
  • Apr 13, 2020 12:05pm Apr 13, 2020 12:05pm
EG hit ADR low
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In trading, you have to be defensive and aggressive at the same time
  • #36,474
  • Apr 13, 2020 12:55pm Apr 13, 2020 12:55pm
Quoting Davit
shit day Just DD sometimes how it goes.Time is a factor.Lots of key data on weds so I expect the same tomorrow. AUD getting pumped now for later dump Part of being a trader is acceptance of random nature of the market.I just roll with it.Some weeks its AK47 mowing everything down and some days like today stuck in muddy swamp.Accept it.No panic no stress.Just wait it out until things change and they will.
Easter Monday Bank Holiday. I had one DOW trade left from Friday. I got delayed getting back home and didn't get to close it. I was short and I moved stop up to just below break even and it popped up this morning and hit it and I exited with a minuscule profit. PA pretty dead today.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #36,475
  • Apr 13, 2020 1:48pm Apr 13, 2020 1:48pm
Inserted Video

"what does future holds"
In trading, you have to be defensive and aggressive at the same time
  • #36,476
  • Apr 14, 2020 4:16am Apr 14, 2020 4:16am
EU long position above D-PP target D-R2 just below 1.10
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  • #36,477
  • Apr 14, 2020 5:36am Apr 14, 2020 5:36am
Quoting MaxDoom
EU long position above D-PP target D-R2 just below 1.10 {image}
Nice trade. You must have confidence with a tight SL. Have a good day
  • #36,478
  • Apr 14, 2020 6:02am Apr 14, 2020 6:02am
Quoting RieseP
{quote} Nice trade. You must have confidence with a tight SL. Have a good day
thank you, look at my stop this way....
my primary basis for entry was price having moved above daily pivot
I normally use the logic that if my reason for entry is wrong I should be out of the trade
therefore, if I can target good entry points close to my reason for entry then my stops should ordinarily be small.
however, placing it immediately below pivot when the entry is so close to pivot is simply too tight initially, so I took into account to small dip made below pivot and set my stop under that. Such that if it is hit, the following conditions are true: it's below pivot and a new recent low price = no reason to still be long above pivot and a small stop so I don't get sucked into draw down.

I normally move my stop to BE fairly quickly as the trade progresses.

regards
  • #36,479
  • Apr 14, 2020 6:39am Apr 14, 2020 6:39am
This is a very long article but it shows that western economies are far from being out of the wood.

https://www.politico.com/news/2020/0...ression-182619
  • #36,480
  • Apr 14, 2020 7:18am Apr 14, 2020 7:18am
Be very interesting to see if the USD stops the advance of the EURO in its tracks. Lot's of momentum behind the EURO , as you guys know.
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"Define the risk OUT of your trade"--Mark Douglas
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