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Pivot Trading

  • #37,921
  • Dec 1, 2020 10:41am Dec 1, 2020 10:41am
GU in the zone..
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Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #37,922
  • Dec 1, 2020 10:55am Dec 1, 2020 10:55am
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the highest point comes before the fall
  • #37,923
  • Edited 1:00pm Dec 1, 2020 12:00pm | Edited 1:00pm
hit the edge nicely

look at the round prices

look at the resistance

always the same game

patience and perseverance
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the highest point comes before the fall
  • #37,924
  • Dec 1, 2020 1:05pm Dec 1, 2020 1:05pm
now with more volume and patience
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the highest point comes before the fall
  • #37,925
  • Dec 1, 2020 1:34pm Dec 1, 2020 1:34pm
the next one
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the highest point comes before the fall
  • #37,926
  • Dec 2, 2020 2:09am Dec 2, 2020 2:09am
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  • #37,927
  • Dec 3, 2020 4:26am Dec 3, 2020 4:26am
GU
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  • #37,928
  • Dec 3, 2020 4:27am Dec 3, 2020 4:27am
How's everyone getting on this week?
  • #37,929
  • Dec 3, 2020 4:45am Dec 3, 2020 4:45am
Quoting russian30
How's everyone getting on this week?
Hello Russian30,
yes thanks so far I think trading GBP is not without risk at the moment. Possibly positive Brexit results are just around the corner. Final Services PMI numbers were also green this morning.
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the highest point comes before the fall
  • #37,930
  • Dec 3, 2020 4:49am Dec 3, 2020 4:49am
Quoting Pivoter
{quote} Hello Russian30, yes thanks so far I think trading GBP is not without risk at the moment. Possibly positive Brexit results are just around the corner. Final Services PMI numbers were also green this morning. {image}
Agreed. It purely an attempt to play the range. I'll be keeping a close leash on it.
  • #37,931
  • Dec 3, 2020 10:44pm Dec 3, 2020 10:44pm
Patience is the key !!!!
I love Pivot's...

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"The freedom of the other extends mine to infinity"
  • #37,932
  • Dec 4, 2020 10:04am Dec 4, 2020 10:04am
should the euro finally fall?
the highest point comes before the fall
  • #37,933
  • Dec 4, 2020 10:22am Dec 4, 2020 10:22am
I'm just glad NC finally rolled over.

Nice end to the week
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  • #37,934
  • Dec 5, 2020 7:52am Dec 5, 2020 7:52am
Quoting Pivoter
should the euro finally fall?
It seems... we'll see..
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #37,935
  • Dec 6, 2020 6:11am Dec 6, 2020 6:11am
Quoting russian30
I'm just glad NC finally rolled over. Nice end to the week {image}

Do you have a pip target per pair?
  • #37,936
  • Dec 7, 2020 2:20am Dec 7, 2020 2:20am
Quoting skippyone
{quote} Do you have a pip target per pair?
For the sake of answering your question I would say 25-50 pips as an average and somewhat arbitrary number, but in all honesty, for me, its HIGHLY dependant on the pairs ADR, current price action, previous highs/ lows, incoming news releases and of course the overall nature of the trade i.e. playing a range after a big move or making a trade because of a positive news release and looking for a much bigger move. That's my view.
  • #37,937
  • Dec 7, 2020 2:48am Dec 7, 2020 2:48am
As I mentioned already earlier in the thread, my approach is from WP into the ZONE. It is the other way around to Davit's.

Also, a firm SL is applied instead of mini positions, where I was constantly "lost" supervising several pairs/positions.

The challenge was to find a sweet spot in the all variables present in this approach. It took a while, a long one though, but it seems it is working now.

I keep my "working template"'private, but wanted to show that this works also the other way around.

A huge thanks to Bubnicka for those level indicators of yours ! TP was set around them, however, closed earlier. Eventually those TP were hit...

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  • #37,938
  • Dec 7, 2020 1:17pm Dec 7, 2020 1:17pm
Quoting snail69
As I mentioned already earlier in the thread, my approach is from WP into the ZONE. It is the other way around to Davit's. Also, a firm SL is applied instead of mini positions, where I was constantly "lost" supervising several pairs/positions. The challenge was to find a sweet spot in the all variables present in this approach. It took a while, a long one though, but it seems it is working now. I keep my "working template"'private, but wanted to show that this works also the other way around. A huge thanks to Bubnicka for those level indicators...
What is the significance of your day of the week color?
  • #37,939
  • Dec 7, 2020 5:48pm Dec 7, 2020 5:48pm
Quoting skippyone
{quote} What is the significance of your day of the week color?
Very good question. You may have a look how market behaves on Tuesdays & Thursdays and how often it turns on Wednesdays.
  • #37,940
  • Dec 8, 2020 2:34pm Dec 8, 2020 2:34pm
Quoting snail69
{quote} Very good question. You may have a look how market behaves on Tuesdays & Thursdays and how often it turns on Wednesdays.
I believe you refer to them as runner days if I remember correctly... (Tuesdays and Thursdays that is)
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