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Pivot Trading

  • #38,201
  • Mar 12, 2021 5:58pm Mar 12, 2021 5:58pm
Hello Traders ,
I ultimately had a great week , tumultuous , but great due to the price action today of the AUD/CAD. I thought this trade would materialize earlier than it did , but , I believe that speculators were trying their best to push the AUD higher this week.

Folks , this week would never have happened to me if it wasn't for all of the help on this thread about ACCOUNT MANAGEMENT and "letting the trade to develop". These lessons took awhile to really become "part of my trading personality". Mark Douglas talks about the MENTALITY required to be a successful trader. Great video's !!!

I hope everyone had a great week with lots of green pips.
Enjoy the weekend , see you all next week, take care.
Sincerely ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,202
  • Mar 12, 2021 8:15pm Mar 12, 2021 8:15pm
Quoting GreenEarth
Hello Traders , I ultimately had a great week , tumultuous , but great due to the price action today of the AUD/CAD. I thought this trade would materialize earlier than it did , but , I believe that speculators were trying their best to push the AUD higher this week. Folks , this week would never have happened to me if it wasn't for all of the help on this thread about ACCOUNT MANAGEMENT and "letting the trade to develop". These lessons took awhile to really become "part of my trading personality". Mark Douglas talks about the MENTALITY required...
Excellent, excellent!
  • #38,203
  • Mar 13, 2021 7:11am Mar 13, 2021 7:11am
Hey Traders,
Reviewing my week last night. Came across a video of a man named RANDE HOWELL. This guy is akin to MARK DOUGLAS.
Rande has a website: mytradersstateofmind.com , this guy is very , very good as well and has an entire educational library about the mind.
Passing this along because my trading vastly improved because of a number of events that occurred in my life that help CHANGE THE WAY I THINK.
1) Found DAVIT'S THREAD
2) LISTENED TO what Davit and other expert's on this thread said to do
3) ACCEPTED THE FACT THAT I HAD TO CHANGE MY WAY OF THINKING BECAUSE IT WAS INCORRECT AND SELF DESTUCTIVE FOR FOREX
4) Watched and re-watched Mark Douglas video's , and , I continue to look at thousands of charts
5) Totally committed to lifelong learning about the FOREX TRADING MINDSET

This past week totally validated what DAVIT and other expert's on this thread have been preaching for years , PATIENCE , LET THE TRADE DEVELOP.
DAVIT'S THREAD IS THE BEST ON THE WEB , NO QUESTION IN MY MIND.
Sincerely ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,204
  • Mar 14, 2021 5:55pm Mar 14, 2021 5:55pm
Hey , hey , hey , how are some of the World's Best Forex Traders doin' tonight ?
Hope all is well in everybody's neck of the woods.

Lot's of key News on the AUD this week , which is going to remain my focus for this week.
I'll be focusing on the AUD/CAD again this week , and I am looking at the S61 and possibly the S78 levels.
The DAILY CHART definitely has the S61 level well within reach.
After Friday's momentous push South , I'm going to wait and see what this pair's personality is looking like in the next 24 hours. I'm waiting to see if the BEARS are solidly in control or if there are still those savvy speculators lurking around to easily drive the pair back up to the WPP or R38.

Hope everyone has a wonderful week , full of many green pips ,
Sincerely ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,205
  • Edited 10:30am Mar 15, 2021 4:49am | Edited 10:30am
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We obey the structure that results from the market's reaction
  • #38,206
  • Mar 15, 2021 1:27pm Mar 15, 2021 1:27pm
Attached Image (click to enlarge)
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We obey the structure that results from the market's reaction
  • #38,207
  • Mar 16, 2021 10:38am Mar 16, 2021 10:38am
Quoting Egbert
{image} {image}
Hey Folks ,
I have learned an awful lot by watching EGBERT trade over the past years.
Egbert , you are so consistent , you amaze me.
Thank you for the education.

Sincerely ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,208
  • Mar 16, 2021 11:14am Mar 16, 2021 11:14am
Quoting GreenEarth
{quote} Hey Folks , I have learned an awful lot by watching EGBERT trade over the past years. Egbert , you are so consistent , you amaze me. Thank you for the education. Sincerely , GE
The Egbert trade is very successful, I think as you say, Egbert adheres exactly to the rules
the highest point comes before the fall
  • #38,209
  • Edited 7:40am Mar 17, 2021 12:04am | Edited 7:40am
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As Davit would say entering @ S38 is no problem as I know there is S61 level next, that is a strong support
The blue triangle represents a empty void that still needs to be filled
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We obey the structure that results from the market's reaction
  • #38,210
  • Edited 8:43am Mar 17, 2021 8:32am | Edited 8:43am
I will be looking to sell .... One of these!
Some positive figures on USD stockpiles will give me a better price to sell
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDCAD.M15.png Size: 35 KB
We obey the structure that results from the market's reaction
  • #38,211
  • Mar 17, 2021 9:27am Mar 17, 2021 9:27am
Quoting Egbert
I will be looking to sell .... One of these! Some positive figures on USD stockpiles will give me a better price to sell {image} {image}
Hi Egbert ,
Very interesting that you are looking to sell either the AU or AC. I've been paying very close attention to the AC and it is definitely slowing its downward pace as it hit S61.
WTI is down again for the 4th day in a row.
I am still bearish on the AC , but , I'm going to see what transpires later today and tonight with the AC. The PA has got me looking for a possible sizeable pullback.
Any thoughts ?
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,212
  • Edited 11:17am Mar 17, 2021 9:36am | Edited 11:17am
Quoting GreenEarth
{quote} Hi Egbert , Very interesting that you are looking to sell either the AU or AC. I've been paying very close attention to the AC and it is definitely slowing its downward pace as it hit S61. WTI is down again for the 4th day in a row. I am still bearish on the AC , but , I'm going to see what transpires later today and tonight with the AC. The PA has got me looking for a possible sizeable pullback. Any thoughts ? GE

Hi,

Im looking to sell either USDCAD or AUDCAD as Im just waiting for price action to confirm either one. Hope it make sense.
Then just another gentle push from rates tonight and its a winner!

Its all coming together.....
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We obey the structure that results from the market's reaction
  • #38,213
  • Mar 17, 2021 1:46pm Mar 17, 2021 1:46pm
closed EURGBP with nice profits
Attached Image (click to enlarge)
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We obey the structure that results from the market's reaction
  • #38,214
  • Mar 17, 2021 3:08pm Mar 17, 2021 3:08pm
Whew , glad I stayed to the sidelines today in the AUD/CAD !!!

That's the beauty of Forex.

Thanks to the people on this thread who I refer to as the experts , I stayed to the sidelines.

Two years ago , I would have been , "all in , short the AUD/CAD" , and totally pi##ed off at the World.

Thanks Davit and the other experts , your knowledge that you pass on is unbelievable.

Sincerely ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,215
  • Mar 17, 2021 9:03pm Mar 17, 2021 9:03pm
  •  Ekim7
  • | Joined Nov 2019 | Status: Having the time of my life | 70 Posts
Hey everyone, random question, I was wondering if anybody's news indicator is still working?
I'm guessing the source link no longer exists, but any input or suggestions would be appreciated.

Thanks all! Stay green & take care
You should really listen to what Davit says
  • #38,216
  • Mar 17, 2021 9:10pm Mar 17, 2021 9:10pm
Quoting Ekim7
Hey everyone, random question, I was wondering if anybody's news indicator is still working? I'm guessing the source link no longer exists, but any input or suggestions would be appreciated. Thanks all! Stay green & take care
None existing,
We obey the structure that results from the market's reaction
  • #38,217
  • Edited 3:42am Mar 18, 2021 12:32am | Edited 3:42am
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.M15.png Size: 38 KB
Attached Image (click to enlarge)
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We obey the structure that results from the market's reaction
  • #38,218
  • Mar 18, 2021 3:58am Mar 18, 2021 3:58am
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD.M15.png Size: 40 KB
We obey the structure that results from the market's reaction
  • #38,219
  • Mar 18, 2021 4:02am Mar 18, 2021 4:02am
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.M15.png Size: 37 KB
We obey the structure that results from the market's reaction
  • #38,220
  • Mar 18, 2021 5:15am Mar 18, 2021 5:15am
Egbert , there is a ton of valuable information in your trades that you posted.

If anyone on this thread doesn't actually see and understand what Egbert has done , start on page one and review the thousands of charts and read the information , it's all there.

Egbert's EUR/GBP sell entries are like guided missiles. Phenomenal.

Regards ,
GE
"Define the risk OUT of your trade"--Mark Douglas
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