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Pivot Trading

  • #37,081
  • May 12, 2020 2:03am May 12, 2020 2:03am
Starting the day with a bang
GU
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In trading, you have to be defensive and aggressive at the same time
  • #37,082
  • May 12, 2020 2:05am May 12, 2020 2:05am
Closed EU
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In trading, you have to be defensive and aggressive at the same time
  • #37,083
  • May 12, 2020 2:06am May 12, 2020 2:06am
Quoting renkotop
I wait for US CPI, then short UC,when red.
watch PA lot of time until then
In trading, you have to be defensive and aggressive at the same time
  • #37,084
  • May 12, 2020 2:16am May 12, 2020 2:16am
Quoting Davit
{quote} Not gonna sugar coat. If you want success you got take those sacrifices.I had weeks sleeping 4 hrs or less but happy where I am now.Like everything in life worth achieving has price. I respect classical musicians tremendously since I can't imagine practicing 8-10hrs a day...but that's what it takes.No short cuts In trading there are other challenges trading psychology, money management foremost important, then system, time, effort, execution.
True story, you certainly have to put the effort in. Yet think of it as RR: Long term, you will put yourself at risk with a lack of sleep. Healthwise, jobwise and in terms of relationships. So I think you need to mold your trading plan around your life, not your life around your trading plan.

I often tried that and it never worked - if I pushed it to extremes, it could be dangerous in other parts of my life. Example: I cannot just deny a call from an important customer in the middle of the day because I need to adjust my sl. That is why I said you need to adjust the trading to your lifestyle. Anything else is gambling too imho. If you are 20 without responsibilities, a student maybe - go with 4 hours sleep and do whatever you want. It is no problem until you turn 30 plus.
Fix up, trade sharp ...
  • #37,085
  • May 12, 2020 2:24am May 12, 2020 2:24am
Quoting Davit
EG gets close to 8780-88 worth shorting Should fall back to 8750 or lower Frankfurt PA often are fakes.London should take control more or less convincingly or fall back into range
Closed EG
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In trading, you have to be defensive and aggressive at the same time
  • #37,086
  • May 12, 2020 2:32am May 12, 2020 2:32am
Quoting Davit
shoulder in pain because of steroid shot but doctors said its normal in few days.One side effect is insomnia so I'll just trade make $$ all night Those who were stuck on UJ short should be relived quite a bit already
Hopefully, the pain goes away soon. Glad u can take positive out of every situation.

Thank u for the heads up yesterday regarding UJ. I didn’t touch UJ. I went in for AJ instead, which closed overnight (+38 pips)

Back to work today so its won’t be able to trade.

Green pips to all.
  • #37,087
  • May 12, 2020 2:48am May 12, 2020 2:48am
So you guys understand why I insist you understand the calendar events right?. It shapes price.This system thread maybe only one here at FF where Events are NOT ignored! and is part of the system! Its not good enough having indicators on the chart you must develop understanding why price does what is does.
Yes there are MM manipulations despite of events results however I noticed in majority of times Price follows with results and general fundamentals.

PPE why I study the calendar before the week starts.Why one the best traders out there Kathy Lien does as well.
In trading, you have to be defensive and aggressive at the same time
  • #37,089
  • May 12, 2020 3:18am May 12, 2020 3:18am
Quoting chahal
{quote} Hopefully, the pain goes away soon. Glad u can take positive out of every situation. Thank u for the heads up yesterday regarding UJ. I didn’t touch UJ. I went in for AJ instead, which closed overnight (+38 pips) Back to work today so its won’t be able to trade. Green pips to all.

I was trading UJ. First from R100 to R78. Then the price went back to R100, and now short again. The USD CPI at 2:30 p.m. will likely be red so that a further sale could take place.
the highest point comes before the fall
  • #37,090
  • May 12, 2020 3:24am May 12, 2020 3:24am
Quoting Pivoter
{quote} I was trading UJ. First from R100 to R78. Then the price went back to R100, and now short again. The USD CPI at 2:30 p.m. will likely be red so that a further sale could take place.
That's what I do a lot get in get out wait for dip or rally then reload. I hit GU 4x yesterday
its best way to maximize gains
In trading, you have to be defensive and aggressive at the same time
  • #37,091
  • Edited 3:43am May 12, 2020 3:27am | Edited 3:43am
EG hits 8775-80 short it.Both pairs EU and GU are ranging

well I am in for me 10-15 pips +- does not matter. One of the slowest ADR pairs.
In trading, you have to be defensive and aggressive at the same time
  • #37,092
  • May 12, 2020 3:46am May 12, 2020 3:46am
Quoting Davit
EG hits 8775-80 short it.Both pairs EU and GU are ranging well I am in for me 10-15 pips +- does not matter. One of the slowest ADR pairs.
That could be Bearish for GBP. EG goes up:
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the highest point comes before the fall
  • #37,093
  • May 12, 2020 3:51am May 12, 2020 3:51am
Quoting Pivoter
{quote} That could be Bearish for GBP. EG goes up: {image}
ECB said the same and Feds are gearing up for more.Watch Price now next 15hrs
In trading, you have to be defensive and aggressive at the same time
  • #37,094
  • May 12, 2020 3:56am May 12, 2020 3:56am
EU+GU minor
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In trading, you have to be defensive and aggressive at the same time
  • #37,095
  • May 12, 2020 3:59am May 12, 2020 3:59am
shorting UC 3x
likely stop at 3970-60
In trading, you have to be defensive and aggressive at the same time
  • #37,096
  • May 12, 2020 4:14am May 12, 2020 4:14am
Quoting Davit
EG hits 8775-80 short it.Both pairs EU and GU are ranging well I am in for me 10-15 pips +- does not matter. One of the slowest ADR pairs.
EG in profit waiting for better number to TP
In trading, you have to be defensive and aggressive at the same time
  • #37,097
  • May 12, 2020 5:19am May 12, 2020 5:19am
Quoting Davit
{quote} EG in profit waiting for better number to TP
Closed EG
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In trading, you have to be defensive and aggressive at the same time
  • #37,098
  • May 12, 2020 5:22am May 12, 2020 5:22am
Closed UC
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In trading, you have to be defensive and aggressive at the same time
  • #37,099
  • May 12, 2020 5:26am May 12, 2020 5:26am
+EU almost 5% in 8hrs .Not too shabby
have not slept yet after steroid shot side effect is insomnia
After CPI I'll be done.Almost 4k and I am sure I'll get there today
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In trading, you have to be defensive and aggressive at the same time
  • #37,100
  • May 12, 2020 5:38am May 12, 2020 5:38am
Quoting Davit
+EU almost 5% in 8hrs .Not too shabby have not slept yet after steroid shot side effect is insomnia After CPI I'll be done.Almost 4k and I am sure I'll get there today {image}
Kickin' ass and taking names! Fair play Davit! I'm short AC and closed other AC and AN shorts overnight. 2/2 this week @ 0.5% per day.
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