Pivot Trading | Page 1834 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Open Trade near Pivot line (Pivot Point) 16 replies

Weekly Pivot to Pivot Trading 19 replies

The Pivot Net Revisited (Weekly Pivot Net) 41 replies

Help with daily pivot, weekly pivot on MT4 3 replies

Pivot high - Pivot low MT4 3 replies

Attachments: Pivot Trading
Exit Attachments

Pivot Trading

  • #36,661
  • Apr 21, 2020 1:39am Apr 21, 2020 1:39am
its opening at $21.34 at market open
  • #36,662
  • Apr 21, 2020 3:50am Apr 21, 2020 3:50am
Like MARK DOUGLAS said , "...anything can happen in trading..."
IF THIS HASN'T BEEN BEATEN INTO YOUR SKULL THIS WEEK BY OBSERVING THE PRICE ACTION OF WTI CRUDE , THEN , I HONESTLY DO NOT KNOW WHAT TO TELL YOU OR HOW TO HELP YOU.
SINCERELY , GE
"Define the risk OUT of your trade"--Mark Douglas
  • #36,663
  • Apr 21, 2020 5:31am Apr 21, 2020 5:31am
Quoting ppxdf
{image}
This is no news Kim has been brain dead since the day he assumed the presidency of NK
  • #36,664
  • Apr 21, 2020 6:29am Apr 21, 2020 6:29am
Gbpnzd closed at target yesterday. Eurjpy closed at entry. Archived the target for this month( gain 22%) now trades halved down from original trade size. Today I just opened this trade. Good reaction for now. Let's see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: CJ.JPG Size: 118 KB
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #36,665
  • Apr 21, 2020 6:55am Apr 21, 2020 6:55am
I remember years ago when the HUNT BROTHERS were alleged ( I believe) to be trying to "corner" the SILVER FUTURES MARKET.
How many BILLIONAIRES are going to made when WTI explodes much higher ?
I bet the number will be staggering , unless the current WTI MARKET is very thinly traded.
New low of $12.50/bbl this morning , CRAZY !!!!

Currently in DD with my UC trades. Frustrating when you do things pretty well but the market does the unbelievable.
Great time to review 1834 pages of great information in order to identify how to do much better on my entries in very volatile markets.

GE
"Define the risk OUT of your trade"--Mark Douglas
  • #36,666
  • Apr 21, 2020 8:01am Apr 21, 2020 8:01am
cfd oil has dropped to its lowest until now of 6 usd / 1 barrel. A number I've never thought of. Thankfully I bought the oil and cut the oil loss two weeks ago
  • #36,667
  • Apr 21, 2020 9:20am Apr 21, 2020 9:20am
Quoting Mundo
NC short doing well...did not load up, like I should have, but still good start of week. {image}

You are an amazing trader MUNDO.
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #36,668
  • Apr 21, 2020 9:21am Apr 21, 2020 9:21am
Here's a link to how the trading of oil halts on the CME. https://www.cmegroup.com/education/a...-breakers.html If it goes + or - 15 % in a rolling 60 minute window trading is halted for only 2 minutes and it's reset and allowed to continue again. I don't think anyone in their wildest dreams ever anticipated this happening. Right now we have a "perfect storm" environment as this was a historical event with this "pandemic". A lot of commodities reach their limit and they go lock limit down for the day and trading is halted. An excellent way to restart an economy again with "free energy" I believe we had a loophole observed here and it was exploited at the expense of oil producers and oil producing nations. A lot of major Banks and traders severely hurt yesterday look at this story on this Singapore based company that trades oil and fuels ships. They've been cooking the books for years and left several major banks on the hook for$3.85 BILLION!! https://www.straitstimes.com/busines...ng-oil-trading
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #36,669
  • Apr 21, 2020 9:57am Apr 21, 2020 9:57am
Quoting GreenEarth
{quote} You are an amazing trader MUNDO. GE
He is a ledge for sure.
Trade with confidence, trade without fear.
  • #36,670
  • Apr 21, 2020 10:18am Apr 21, 2020 10:18am
Quoting GreenEarth
{quote} You are an amazing trader MUNDO. GE
This trading system is amazing. I only work hard to follow it.
Invest in Life
  • #36,671
  • Apr 21, 2020 12:50pm Apr 21, 2020 12:50pm
Quoting GreenEarth
I remember years ago when the HUNT BROTHERS were alleged ( I believe) to be trying to "corner" the SILVER FUTURES MARKET. How many BILLIONAIRES are going to made when WTI explodes much higher ? I bet the number will be staggering , unless the current WTI MARKET is very thinly traded. New low of $12.50/bbl this morning , CRAZY !!!! Currently in DD with my UC trades. Frustrating when you do things pretty well but the market does the unbelievable. Great time to review 1834 pages of great information in order to identify how to do much better on my...
Hi GE
I sense a little frustration on your part. DD happens in fact I got some.Chill out and wait out if losses needed then needs to be addressed if you can hold I do anticipate UC dropping substantially soon.
In trading, you have to be defensive and aggressive at the same time
  • #36,672
  • Apr 21, 2020 1:00pm Apr 21, 2020 1:00pm
No doubt; I'm Long on all CADs. What convinces me ist that WTI and Brent did break down AND CAD did not (a Kind of strenght I think). So I add more CAD Longs.
Trump Needs to Twitter in favour of WTI.
  • #36,673
  • Apr 21, 2020 1:25pm Apr 21, 2020 1:25pm
Quoting Davit
{quote} Hi GE I sense a little frustration on your part. DD happens in fact I got some.Chill out and wait out if losses needed then needs to be addressed if you can hold I do anticipate UC dropping substantially soon.
Yes Davit , i am a little frustrated right now. One of my weaknesses is the feeling of not being in control at all times of my trading day.
Price of oil is unbelievable and I'm shocked that the USD has not gone thru the roof , despite me being short this pair.
I'm in a position that I can easily hold but its just frustrating.
Like you said some time ago , trading properly should be kind of boring.
If I have to take a loss I don't mind at all , thanks to Mark Douglas. Opportunities come along all of the time.
Thanks for checking in Davit. I always appreciate it.
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #36,674
  • Apr 21, 2020 1:29pm Apr 21, 2020 1:29pm
Quoting GreenEarth
{quote}Thanks for checking in Davit. I always appreciate it. GE
Likewise!
  • #36,675
  • Apr 21, 2020 1:30pm Apr 21, 2020 1:30pm
Quoting GreenEarth
{quote} Yes Davit , i am a little frustrated right now. One of my weaknesses is the feeling of not being in control at all times of my trading day. Price of oil is unbelievable and I'm shocked that the USD has not gone thru the roof , despite me being short this pair. I'm in a position that I can easily hold but its just frustrating. Like you said some time ago , trading properly should be kind of boring. If I have to take a loss I don't mind at all , thanks to Mark Douglas. Opportunities come along all of the time. Thanks for checking in Davit....
Little wisdom I can share to you.You noticed I dont trade USD when I am not sure of fundamentals or trends I switch to relevant crosses.I have NO UC trades but do have on crosses.
GC EC NC were all great set ups last 12hrs

I have been trading like this for years when not sure on USD dont trade it. Oil drop had minimal effect on UC.You noticed GU dropped substantially so did the other major pairs.Bottom line opportunities plenty.
You only have control over your trades but not market so what happens in the market you should not stress about.
regards
In trading, you have to be defensive and aggressive at the same time
  • #36,676
  • Apr 21, 2020 1:42pm Apr 21, 2020 1:42pm
When you see something is going crazy, like crude, walk away from it. Today in NY was CAD news. GC dropped from the WPP to yesterdays LOW. 50 plus pips. BANG. If you get 50 a day you are rich. just sayin....
  • #36,677
  • Apr 21, 2020 1:44pm Apr 21, 2020 1:44pm
What's going on my life
Tore left rotator cuff shoulder tendon can't lift my left arm.Can't see doctor because of covid19 and feeling like depressed
I read if not attached soon tendon shrinks and can't be attached to bone anymore...
Lot of other issues.
Why I can't be here full time.If you follow the system plus scalper method you should land yourself in nice profitable trades.Its there on the charts.
regards
In trading, you have to be defensive and aggressive at the same time
  • #36,678
  • Apr 21, 2020 1:46pm Apr 21, 2020 1:46pm
Quoting Davit
What's going on my life Tore left rotator cuff shoulder tendon can't lift my left arm.Can't see doctor because of covid19 and feeling like depressed I read if not attached soon tendon shrinks and can't be attached to bone anymore... Lot of other issues. Why I can't be here full time.
you tore the tendon completely off?
  • #36,679
  • Apr 21, 2020 1:48pm Apr 21, 2020 1:48pm
I've noticed in the past some people mark support and resistance zones on their charts for reference along with the pivot points. I had an email come to me with this free indicator that automatically colors the zones in for you in various time frames, I thought I'd share it.
Attached Image (click to enlarge)
Click to Enlarge Name: EUDPM15210420.png Size: 156 KB
Attached File(s)
File Type: zip SupplyDemandPack.zip   1.8 MB | 1,254 downloads
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #36,680
  • Apr 21, 2020 1:50pm Apr 21, 2020 1:50pm
Quoting milicentfx
{quote} you tore the tendon completely off?
Based on Doctor tests on video I fit all the criteria but dont know 100% without MRI
I can't lift even 12inches from side but can lift 1meter going up front and do have pain specially at night on shoulder area.Can't lift at all over my shoulder my arm
I read partial tear can heal over time but not full torn off tendon. I was doing side shoulder lifts with 10lb each arm and must of pushed myself then 2weeks later got progressively painful with sharp pain on upper shoulder then could not lift arm.Anyway just depresses me.
In trading, you have to be defensive and aggressive at the same time
42 traders viewing now