Pivot Trading | Page 1860 | 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

  • #37,181
  • May 18, 2020 8:31am May 18, 2020 8:31am
Quoting esk1mooo
Yes, this is something I really need to fix in my trading, holding on longer to winners. In general I think my personality is tailored towards quick gains, I regularly have bigger TPs on initially but end up taking the profit that's on the table, rather than holding. Perhaps because i've been burnt in the past too many times i've changed my physc to take it when it's available. Not sure :-) Ben
Nothing wrong taking profit. Lately, I have been taking profit at areas where it seems to stall, reenter hopefully lower. That way I secure profit and take advantage of more pips. Davit does that quite often.

My goal was .60000 on NU...took profit for the second time...yes...just before it shot up to target. Moral...I had a profitable day, nothing else.
Invest in Life
  • #37,182
  • May 18, 2020 10:06am May 18, 2020 10:06am
Quoting Mundo
{quote} Nothing wrong taking profit. Lately, I have been taking profit at areas where it seems to stall, reenter hopefully lower. That way I secure profit and take advantage of more pips. Davit does that quite often. My goal was .60000 on NU...took profit for the second time...yes...just before it shot up to target. Moral...I had a profitable day, nothing else.
Great way to look at it...... a profitable day is a profitable day. Many times I look at trades where I took profit and price did go on to the original target, which is almost always weekly pivot, sometimes next pivot level. It will play games with your head, the ones you don't take profit will reverse on you before your target. I always go by feel, which could be momentum behind the price action, time of day, etc. But bottom line.....profit is profit.
  • #37,183
  • May 18, 2020 10:51am May 18, 2020 10:51am
Spike EU- going short

Spike UC- going long
  • #37,184
  • May 18, 2020 11:09am May 18, 2020 11:09am
Quoting renkotop
Spike EU- going short Spike UC- going long
You got to work on your impulses.You have history of early unnecessary entries.
Nothing indicating long on UC or EU short

+2k on UC
In trading, you have to be defensive and aggressive at the same time
  • #37,185
  • May 18, 2020 11:10am May 18, 2020 11:10am
Quoting Davit
{quote} You got to work on your impulses. Nothing indicating long on UC or EU short +2k on UC
Davit, nice to see you back!
Renko
  • #37,186
  • May 18, 2020 11:22am May 18, 2020 11:22am
Quoting Davit
{quote} You got to work on your impulses.You have history of early unnecessary entries. Nothing indicating long on UC or EU short +2k on UC
I think good opportunity on eurchf for sell
nice to see you back here Davit, regards...
https://tracking.avapartner.com/_RwAAA
  • #37,187
  • May 18, 2020 11:23am May 18, 2020 11:23am
Quoting Davit
{quote} You got to work on your impulses.You have history of early unnecessary entries. Nothing indicating long on UC or EU short +2k on UC
Nice, you are still USD BEAR?
Still believe in my AUDNZD sell. Can only be positive for NZD.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (58).png Size: 533 KB
We obey the structure that results from the market's reaction
  • #37,188
  • May 18, 2020 11:29am May 18, 2020 11:29am
my catch for today
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYM15.png Size: 33 KB
https://tracking.avapartner.com/_RwAAA
  • #37,189
  • May 18, 2020 11:33am May 18, 2020 11:33am
Going to drop here and there to keep this on track.No full time posting

As states countries lessening restrictions on Covid19 commodity pairs start moving and we already witnessed that today. CAD most oversold out the group.
UC should drop below 137 heading lower to 135 next few months or earlier.
Long USD positions will start unloading that is EU GU NU most to gain.Less on AU because Aussie got a head start...65 its already run away earlier.Therefore retrace on AUD pairs likely in relations to others.
This is the context I am trading.The bigger picture.
Trade smart
In trading, you have to be defensive and aggressive at the same time
  • #37,190
  • May 18, 2020 12:05pm May 18, 2020 12:05pm
Small scalp trade for the day - AJ Short +1%
Attached Image (click to enlarge)
Click to Enlarge Name: AJ_2020-05-18 190015.png Size: 69 KB
  • #37,191
  • May 18, 2020 12:43pm May 18, 2020 12:43pm
There are lots of gold nuggets on this thread one of them Cryptosurf's late week mark up "low hanging fruit"
Think GU now.
In trading, you have to be defensive and aggressive at the same time
  • #37,192
  • May 18, 2020 12:47pm May 18, 2020 12:47pm
Quoting Rivabex
Small scalp trade for the day - AJ Short +1% {image}
Its interesting we had great moves today UC GU as example and you took a trade on unremarkable rather risky short on very strong trending pair.
My question to you is Were were you on moves 100+today that you focus on such shit trade.Dont know how else to put it.Dont think its personal attack I am trying to understand.
You sort of got lucky because its pushing north hard now. Given probabilities out of 100 trades just like yours I can confidently say 75-80% would be losers.That's not the Edge I want to trade with.
In trading, you have to be defensive and aggressive at the same time
  • #37,193
  • May 18, 2020 12:55pm May 18, 2020 12:55pm
Quoting Davit
{quote} Its interesting we had great moves today UC GU as example and you took a trade on unremarkable rather risky short on very strong trending pair. My question to you is Were were you on moves 100+today that you focus on such shit trade.Dont know how else to put it.Dont think its personal attack I am trying to understand.
These are the pairs I made money or highlighted. I had short UC and long NU however wanted to get involved in GU however I wouldnt be around to monitor trades. My style has changed as much as probably yours in the sense I like to day trade get in get out. No longer holding trades if I can help it.
  • #37,194
  • May 18, 2020 12:56pm May 18, 2020 12:56pm
Quoting Mundo
{quote} Nothing wrong taking profit. Lately, I have been taking profit at areas where it seems to stall, reenter hopefully lower. That way I secure profit and take advantage of more pips. Davit does that quite often. My goal was .60000 on NU...took profit for the second time...yes...just before it shot up to target. Moral...I had a profitable day, nothing else.
In trading, you have to be defensive and aggressive at the same time
  • #37,195
  • May 18, 2020 1:31pm May 18, 2020 1:31pm
Quoting Davit
{quote} Its interesting we had great moves today UC GU as example and you took a trade on unremarkable rather risky short on very strong trending pair. My question to you is Were were you on moves 100+today that you focus on such shit trade.Dont know how else to put it.Dont think its personal attack I am trying to understand. You sort of got lucky because its pushing north hard now. Given probabilities out of 100 trades just like yours I can confidently say 75-80% would be losers.That's not the Edge I want to trade with.
None taken . Not at terminal . Risky "shit" scalp trade trade on lower time frame - agreed
  • #37,196
  • May 18, 2020 1:35pm May 18, 2020 1:35pm
Good start to the week. Still having issues with EURGBP - look into the chart a bit more... 91 - 92 range looks like good place for new sell
Attached Image (click to enlarge)
Click to Enlarge Name: 18 May.jpeg Size: 98 KB
  • #37,197
  • May 18, 2020 4:38pm May 18, 2020 4:38pm
Quoting Davit
{quote} You got to work on your impulses.You have history of early unnecessary entries. Nothing indicating long on UC or EU short +2k on UC
Davit, swing trade.
  • #37,198
  • May 18, 2020 5:04pm May 18, 2020 5:04pm
I'm buying GBPCAD right now. Love it's PA, position where price is and it's mayor's as well... Target for now is weekly pivot.
  • #37,199
  • May 19, 2020 1:52am May 19, 2020 1:52am
trying to learn. have 2 sell orders on chfjpy...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH4.png Size: 39 KB
https://tracking.avapartner.com/_RwAAA
  • #37,200
  • May 19, 2020 2:12am May 19, 2020 2:12am
GA long @ 1.869 target weekly pivot
31 traders viewing now