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Pivot Trading

  • #36,701
  • Apr 22, 2020 6:55am Apr 22, 2020 6:55am
Davit, you say about trading with your system that the news plays a big part of your thoughts, it must be a bit off a minefield trying to trade with the news at the moment with whats going on all over the world.
  • #36,702
  • Apr 22, 2020 7:09am Apr 22, 2020 7:09am
Quoting PipHunter92
Yesterday trade CADJPY still open. Going near TP. Today I just opened EG. It's a good setup. New trade on GBPJPY. I could not resist this entry. Great setup {image} {image}
M30 looks bullish on EG, its gonna retrace a little bit then continue going down.


Regrads,
Oswell
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1 simple mistake makes you become 1000x better.
  • #36,703
  • Apr 22, 2020 7:48am Apr 22, 2020 7:48am
Quoting Pipsmurfer
Oppertunity to short AC? {image}
I went in on 0.89551 and out on 0.89300
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  • #36,704
  • Apr 22, 2020 8:20am Apr 22, 2020 8:20am
E/U hitting support, lots of news on EUR and USD tomorrow morning though ...
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  • #36,705
  • Apr 22, 2020 11:21am Apr 22, 2020 11:21am
Quoting renkotop
{quote} FX2Life, what is wrong with you???
Unfortunately this psychopath does not understand difference of criticism and insult
Insulting me does not invalidate myself or my system.You look like have much bigger problems then me.
Its you in its glory of idiocy.
Not going to put you ignore you are below that level.Have nothing to hide or sell.You are not the 1st deranged person I came across here many in fact through the years and they vanish as fast as they appear because takes real critical thinking to be in this game and based on your post you got none.
In trading, you have to be defensive and aggressive at the same time
  • #36,706
  • Apr 22, 2020 11:24am Apr 22, 2020 11:24am
Quoting Davit
{quote} don't recommend it.That indi been around over decade.No indicator can detect true S/R Its important you train your eyes.That's your skill forever yours
Yeah I had some newbies PM me asking me about support and resistance so I thought it might be of use to them. If I want to mark a level I can do that by marking it on the chart. It appeared pretty good at some of the levels it had marked however having said that and not having time to evaluate it perhaps it repaints itself until it looks good.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #36,707
  • Apr 22, 2020 11:28am Apr 22, 2020 11:28am
Quoting stu48
Davit, you say about trading with your system that the news plays a big part of your thoughts, it must be a bit off a minefield trying to trade with the news at the moment with whats going on all over the world.
Its simple only focus Red and orange news.Over time you start seeing patterns what is priced in what's not etc.Dont care about world news in general only relevant events impacting forex
cheers
In trading, you have to be defensive and aggressive at the same time
  • #36,708
  • Apr 22, 2020 11:31am Apr 22, 2020 11:31am
Quoting Blackopal
I haven't posted here for about three years for various reasons. I have reopened my trading account, and will start off slowly making a few trades. I've had trouble setting up my pivot charts, and will have to re-read early posts to work out how to set them up correctly again as I've forgotten some important details and can't get back into my old meta chart setups. I need to do review on early thread posts anyhow. I'm slowly reviewing and keeping up with new posts. I've learned quite a bit from Davit, and this system combining pivot points and fundamentals...
Thanks for you post and welcome back friend
In trading, you have to be defensive and aggressive at the same time
  • #36,709
  • Apr 22, 2020 11:36am Apr 22, 2020 11:36am
OIL! I wouldn't touch it right now in light of what happened in the past few days. I got this message from the broker today. It validates my thought process on the issue. I believe the CME needs to rethink the entire process on the parameters they have for the circuit breaker on trading oil that allowed this to occur. A lot of other commodities if they have a bad day go lock limit down and have to wait for the next day. The process to lock limit after a + or - 15% in a 1 hour time frame and then only pause for 2 minutes and reset again is absolutely ridiculous. There's no way a commodity should be allowed to go to zero, never mind negative. I read this morning that Interactive brokers lost $88 MILLION on Oil.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #36,710
  • Apr 22, 2020 11:38am Apr 22, 2020 11:38am
Quoting Davit
{quote} Unfortunately this psychopath does not understand difference of criticism and insult Insulting me does not invalidate myself or my system.You look like have much bigger problems then me. Its you in its glory of idiocy. Not going to put you ignore you are below that level.Have nothing to hide or sell.You are not the 1st deranged person I came across here many in fact through the years and they vanish as fast as they appear because takes real critical thinking to be in this game and based on your post you got none.
interesting to watch ff overall. surprisingly there are a fair number of crazy whack jobs here. seems to draw out some serious losers.
Looks to me that you are teaching us to see the market and control our emotions.
AUD news yesterday. All roads lead to the WPP. Cheers
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  • #36,711
  • Apr 22, 2020 11:45am Apr 22, 2020 11:45am
Next high number of unemployed People in the US expected tomorrow...
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  • #36,712
  • Apr 22, 2020 1:22pm Apr 22, 2020 1:22pm
Quoting Romanov102
OIL! I wouldn't touch it right now in light of what happened in the past few days. I got this message from the broker today. It validates my thought process on the issue. I believe the CME needs to rethink the entire process on the parameters they have for the circuit breaker on trading oil that allowed this to occur. A lot of other commodities if they have a bad day go lock limit down and have to wait for the next day. The process to lock limit after a + or - 15% in a 1 hour time frame and then only pause for 2 minutes and reset again is absolutely...
No joke. A lot of traders got kicked in the nuts trading that dog .
Trade with confidence, trade without fear.
  • #36,713
  • Edited 7:13pm Apr 22, 2020 2:32pm | Edited 7:13pm
Quoting Romanov102
OIL! I wouldn't touch it right now in light of what happened in the past few days. I got this message from the broker today. It validates my thought process on the issue. I believe the CME needs to rethink the entire process on the parameters they have for the circuit breaker on trading oil that allowed this to occur. A lot of other commodities if they have a bad day go lock limit down and have to wait for the next day. The process to lock limit after a + or - 15% in a 1 hour time frame and then only pause for 2 minutes and reset again is absolutely...
Hi Roman, I agree but when you have a commodity that you have to pay for someone to take away or pay a costly shutdown, the market reflects that a zero. Not much you can do about that, supply and demand. I dont know if there has ever been a commodity in modern history that you had to pay someone to take away? or you pay a huge cost to close down production. You can't have a contract show $15 when at the the spot level they are paying someone to take it away because they cant store it.

Thats a huge lose for Interactive Brokers.

WTI on NYMEX is $10 limit and halt for 5 minutes then expand, its not a percentage limit which probably lies the problem as no one assume 0 or - for a commodity.

Brent holding better at the moment, not landlocked! but how many tankers are there really? and settlement for contracts on Brent hits MAY 1.
  • #36,714
  • Apr 22, 2020 3:13pm Apr 22, 2020 3:13pm
Personally, had a UC trade hit tp. Holding a bit of DD with some, while some in profit. Will hold some to 1.40500 others to WP. Of course if market shows something else I will adjust.

Edit. When UC and USDMXN charts seem the same like now in 15M charts...I gauge my UC trades watching WTIUSD first, then see reaction to Peso. Usually it moves first and its moves are larger. Gives you a few seconds to see UC follow. Most cases it works like clockwork, others it gives you a bit of extra edge.

Remember...anything can happen.
Invest in Life
  • #36,715
  • Apr 22, 2020 4:44pm Apr 22, 2020 4:44pm
Quoting Mundo
Personally, had a UC trade hit tp. Holding a bit of DD with some, while some in profit. Will hold some to 1.40500 others to WP. Of course if market shows something else I will adjust. Edit. When UC and USDMXN charts seem the same like now in 15M charts...I gauge my UC trades watching WTIUSD first, then see reaction to Peso. Usually it moves first and its moves are larger. Gives you a few seconds to see UC follow. Most cases it works like clockwork, others it gives you a bit of extra edge. Remember...anything can happen.

You are a genius Mundo.
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #36,716
  • Edited 9:37pm Apr 22, 2020 9:23pm | Edited 9:37pm
"Rebirth"
Inspiration is we are going inwards for renewal of life.Everyone home plenty of time questioning our purpose in existence.Time out from rat race...
Symbol in the middle is Armenian or Aryan symbol of eternity eternal light and prosperity which is shared in Hindu cultures as well
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In trading, you have to be defensive and aggressive at the same time
  • #36,717
  • Apr 23, 2020 5:56am Apr 23, 2020 5:56am
Quoting Mundo
Personally, had a UC trade hit tp. Holding a bit of DD with some, while some in profit. Will hold some to 1.40500 others to WP. Of course if market shows something else I will adjust. Edit. When UC and USDMXN charts seem the same like now in 15M charts...I gauge my UC trades watching WTIUSD first, then see reaction to Peso. Usually it moves first and its moves are larger. Gives you a few seconds to see UC follow. Most cases it works like clockwork, others it gives you a bit of extra edge. Remember...anything can happen.

Same dynamic works for EC using EU and CJ. If you have minute charts for all three open, you can almost predict what EC is going to do. CJ at resistance looking to turn down; EC will most likely head upward.The direction on EU sometimes trumps the direction on CJ and important to note EC can be a pretty spiky gal with lots of retraces but the principle works giving a couple seconds of heads up.
  • #36,718
  • Edited 7:48am Apr 23, 2020 6:30am | Edited 7:48am
New trade for today. A bit early but PA is showing a strong rejection. It is a very good RR if it bounces from here.
Yesterday trades on GBP both failed. CADJPY still open and in profit.


CJ closed in TP. Only this trade now open.
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We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #36,719
  • Edited 12:06pm Apr 23, 2020 7:26am | Edited 12:06pm
Hope you're improving health wise Davit, USD pairs be providing ample opportunities.

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  • #36,720
  • Apr 23, 2020 7:47am Apr 23, 2020 7:47am
Pin on de daily open combined with S78. I'm in after close above green line. Already closed halve postition.
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