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Pivot Trading

  • #38,281
  • Apr 8, 2021 4:51am Apr 8, 2021 4:51am
Looks like market is waiting what Powell has to say....EU could drop during or after speech.It was a huge move up so some correction is in order maybe back to 1820-18
In trading, you have to be defensive and aggressive at the same time
  • #38,282
  • Apr 8, 2021 9:28am Apr 8, 2021 9:28am
Quoting Davit
Looks like market is waiting what Powell has to say....EU could drop during or after speech.It was a huge move up so some correction is in order maybe back to 1820-18
Thanks for the heads up,
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.M15.png Size: 49 KB
We obey the structure that results from the market's reaction
  • #38,283
  • Apr 8, 2021 12:19pm Apr 8, 2021 12:19pm
Beautiful Country...
https://www.facebook.com/travelandle...96135427415181
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #38,284
  • Apr 9, 2021 1:40am Apr 9, 2021 1:40am
AUDJPY sell
  • #38,285
  • Apr 9, 2021 7:44am Apr 9, 2021 7:44am
PRICE ACTION and PIVOT POINT TRADING IS FANTASTIC !!!!!!
Last trade of the week , short NZD/CAD from .8867 , took profit at .8841 on positive Canadian Data.
Account up 6.6% on the week.
Best of all , trading in a stress free state of mind due to Mark Douglas , Davit of course , and the many other super traders on this thread.
Oh man , had a GREAT WEEK !!!!
Have a great weekend everyone , green pips to all
Sincerely ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,286
  • Apr 9, 2021 2:10pm Apr 9, 2021 2:10pm
[quote = Davit; 13486499] Es sieht so aus, als würde der Markt darauf warten, was Powell zu sagen hat ... Die EU könnte während oder nach der Rede fallen. Es war ein großer Aufwärtstrend, so dass einige Korrekturen angebracht sind, vielleicht bis 1820-18 [/ quote ]]

Unfortunately, the EU is very undecided. As Davit has already written, the EU deserves a correction. on April 15th positive numbers could come on the table that could accelerate the correction of the EU.
the highest point comes before the fall
  • #38,287
  • Apr 9, 2021 6:19pm Apr 9, 2021 6:19pm
Quoting GreenEarth
PRICE ACTION and PIVOT POINT TRADING IS FANTASTIC !!!!!! Last trade of the week , short NZD/CAD from .8867 , took profit at .8841 on positive Canadian Data. Account up 6.6% on the week. Best of all , trading in a stress free state of mind due to Mark Douglas , Davit of course , and the many other super traders on this thread. Oh man , had a GREAT WEEK !!!! Have a great weekend everyone , green pips to all Sincerely , GE

Don't get me wrong guys , had a fantastic week , but because I was going to help my son with his electrical business , I left alot of pips on the table with my NZD/CAD trade. UGH !!!! Just got home to check the final price for the day , WOW !!!!!!
Oh well , gotta love Forex ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,288
  • Apr 10, 2021 12:50pm Apr 10, 2021 12:50pm
This is my calendar for next week. Remember we do not have a crystal ball to predict outcomes but we do have PIVOT POINTS to trade the markets accordingly.
Attached Image
Attached File(s)
File Type: docx Calendar week 11.docx   12 KB | 443 downloads
We obey the structure that results from the market's reaction
  • #38,289
  • Apr 10, 2021 3:33pm Apr 10, 2021 3:33pm
Egbert , thank you for the calendar.
Excellent.
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,290
  • Apr 11, 2021 3:59pm Apr 11, 2021 3:59pm
  •  Ekim7
  • | Joined Nov 2019 | Status: Having the time of my life | 70 Posts
Quoting Egbert
This is my calendar for next week. Remember we do not have a crystal ball to predict outcomes but we do have PIVOT POINTS to trade the markets accordingly. {image} {file}

Hey Egbert, nice display picture change

Random: Do you mind sharing your indi with days of the week? That seems pretty useful and I couldn't find it by myself on FF.

Have a green week everyone! Lots of fundamentals releases
You should really listen to what Davit says
  • #38,291
  • Apr 11, 2021 4:16pm Apr 11, 2021 4:16pm
Quoting Ekim7
{quote} Hey Egbert, nice display picture change Random: Do you mind sharing your indi with days of the week? That seems pretty useful and I couldn't find it by myself on FF. Have a green week everyone! Lots of fundamentals releases
There you go.
Attached File(s)
File Type: ex4 !!DAYS.ex4   12 KB | 679 downloads
We obey the structure that results from the market's reaction
  • #38,292
  • Apr 12, 2021 3:30am Apr 12, 2021 3:30am
Already fired some missiles,
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.M15.png Size: 58 KB
We obey the structure that results from the market's reaction
  • #38,293
  • Apr 12, 2021 4:54am Apr 12, 2021 4:54am
Quoting Egbert
Already fired some missiles, {image}
Excellent account management Egbert , as usual for you.
Green pips to you ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,294
  • Apr 12, 2021 4:59am Apr 12, 2021 4:59am
Hi Folks ,
Hope everyone has a great week.
I'm LONG USD/CAD from 1.2545
Regards ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,295
  • Apr 12, 2021 9:13am Apr 12, 2021 9:13am
Quoting GreenEarth
Hi Folks , Hope everyone has a great week. I'm LONG USD/CAD from 1.2545 Regards , GE
Out of trade at 1.25549 USD/CAD. Small profit. Green is good.
WTI put a damper temporarily on this trade.
Now , SHORT USD/CAD at 1.25539 , looking for the 1.2535 area or S38 at 1.2503.
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,296
  • Apr 12, 2021 11:39am Apr 12, 2021 11:39am
Quoting GreenEarth
{quote} Out of trade at 1.25549 USD/CAD. Small profit. Green is good. WTI put a damper temporarily on this trade. Now , SHORT USD/CAD at 1.25539 , looking for the 1.2535 area or S38 at 1.2503. GE

Took profit at 1.2544 on USD/CAD.
This morning I was actually using "the bounce" which is often quite common at or near pivot points , in this case the WPP.
RARELY , do I do this. This morning I am in front of my computer , thus I can watch the PA much closer.
USD News tomorrow morning will guide my trading for the rest of this week.
Regards ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,297
  • Apr 12, 2021 3:23pm Apr 12, 2021 3:23pm
Watching EURJPY closely for sell opportunities
sell stop @ 130.200
TP1 @ 129.555
TP2 @ 128.800
  • #38,298
  • Apr 13, 2021 3:27am Apr 13, 2021 3:27am
Quoting emmkwad
Watching EURJPY closely for sell opportunities sell stop @ 130.200 TP1 @ 129.555 TP2 @ 128.800
There we go
  • #38,299
  • Apr 13, 2021 10:37am Apr 13, 2021 10:37am
Hey Traders , if you are trading the UC , I am following a 4 hr chart right now and I am looking for this pair to find significant support in the 1.2520-1.2530ish area at the extreme , maybe sooner.

I will then be looking to buy in that area UNLESS I see PA on the 4 hr chart say otherwise and continue south.
For an intuitive reason , I believe that the US 10 yr Treasury downturn and WTI aided in putting the brakes on this pair this morning , thus , preventing the pair from hitting the R61 mark. Hard to believe , but , that's Forex.

I am still a USD BULL at this moment.

Another pair that I am watching is the NZD/CAD. Significant "RED" News for this pair this evening.

LIKE DAVIT SAID A COUPLE OF WEEKS AGO , ".....DON'T PUT YOURSELF IN FRONT OF THE TRAIN , IT WILL CRUSH YOU (your account)"--paraphrased.
Plenty of pips to be had --1HOUR-- after the release of "RED NEWS".
Cheers ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,300
  • Apr 13, 2021 2:10pm Apr 13, 2021 2:10pm
Hey Folks ,
I am LONG UC at 1.2533 with a TP at WPP area of 1.2550 , HOWEVER , will re-evaluate PA strength as it nears the WPP , may raise TP to R38 area.
MY trade entry is based on (1) RISK ASSESSMENT (2) Probabilistic opportunity for the USD returning to the WPP
"...the market does have a memory..."---Mark Douglas

YOU OWN YOUR OWN TRADES , REMEMBER THIS !!!!!

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