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Pivot Trading

  • #38,421
  • May 13, 2021 1:44am May 13, 2021 1:44am
Patience pays off,
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We obey the structure that results from the market's reaction
  • #38,422
  • May 13, 2021 2:04am May 13, 2021 2:04am
Quoting sniperdebt
{quote} GE, i'm looking for two POTENTIAL head & shoulder in progress. Patience is key OR ABCD pattern in progress {image} {image}
Was also looking at EURUSD, the only thing for me was both economics bearish outlook. So when I looked at returns for me JPY was the better option. Although Davit would say JPY manipulates a lot, just also keep that in mind!

Green pips.
We obey the structure that results from the market's reaction
  • #38,423
  • May 13, 2021 6:01am May 13, 2021 6:01am
Quoting ebitalebi
{quote} Thanks GE. But I'm not happy. I did what I have done thousands of times before. I knew it was wrong but I was sucked into the euphoria where anything seemed to me as riskless. As MD said in "Trading in the Zone".: {quote} By the way I closed with 3% profit and could save my account. I think I should stand down for now and reflect on what I have just done before doing anything stupid again. Thanks again for suggesting MD's "How to Think Like a Professional Trader" series. I've finished the second part and started the 3rd. I think right now...
Ebitalebi , you are doing very , very well. Amazing equity curve. Davit recommended MARK DOUGLAS to everyone on this thread I'm sure , and I am simply regurgitating what he passed on to me. BIRD WATCHING IN LION COUNTRY , is a fantastic read.

When you watch the MD series again and again , it's amazing at how you might have missed the deeper meaning behind that 1 key word. Changes your entire World !!!
Lots of Traders only wish that they could make 3% on their money in 4 days. Keep doing what you are doing. I can see that YOU are putting in the TIME AND EFFORT. Absolutely necessary.
Sincerely ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,424
  • May 13, 2021 6:24am May 13, 2021 6:24am
Quoting sniperdebt
{quote} GE, i'm looking for two POTENTIAL head & shoulder in progress. Patience is key OR ABCD pattern in progress {image} {image}
Hi Sniperdebt , just wondering what you did with the EU.
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,425
  • May 13, 2021 6:29am May 13, 2021 6:29am
Watching the UC , VERY , VERY , CLOSELY.
VERY CLOSELY.
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,426
  • May 13, 2021 6:37am May 13, 2021 6:37am
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We obey the structure that results from the market's reaction
  • #38,427
  • May 13, 2021 6:42am May 13, 2021 6:42am
  •  Ekim7
  • | Joined Nov 2019 | Status: Having the time of my life | 70 Posts
Quoting Egbert
{image}
Curious, is that sell from your entries before?
You should really listen to what Davit says
  • #38,428
  • May 13, 2021 6:46am May 13, 2021 6:46am
Quoting Ekim7
{quote} Curious, is that sell from your entries before?
Already closed those SELLS.


Nope,

I'm BUYING AUDCAD now. Will we see a BEARISH/ DOVISH BOC Gov Macklem Speaks?
We obey the structure that results from the market's reaction
  • #38,429
  • May 13, 2021 8:35am May 13, 2021 8:35am
Quoting Egbert
{quote} Already closed those SELLS. Nope, I'm BUYING AUDCAD now. Will we see a BEARISH/ DOVISH BOC Gov Macklem Speaks?
Nice. Also NZDCAD H1 has the same pattern at the bottom. It has a very beautiful double bottom around s161 and has already broken s138. I think it is probable that it tests S138 and bounce back to S100. But it depends on the CAD. I'm watching it.
  • #38,430
  • May 13, 2021 10:13am May 13, 2021 10:13am
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We obey the structure that results from the market's reaction
  • #38,431
  • May 13, 2021 10:40am May 13, 2021 10:40am
Finally caught the NC.
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  • #38,432
  • May 13, 2021 10:47am May 13, 2021 10:47am
  •  Ekim7
  • | Joined Nov 2019 | Status: Having the time of my life | 70 Posts
My day so far...

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You should really listen to what Davit says
  • #38,433
  • May 13, 2021 10:49am May 13, 2021 10:49am
  •  Ekim7
  • | Joined Nov 2019 | Status: Having the time of my life | 70 Posts
Quoting Egbert
{image} {image}
Amazing! Is that ADR channel an indi? or do you do it manually? Nevermind, stupid question. I found it on the clipboard.
You should really listen to what Davit says
  • #38,434
  • May 13, 2021 11:11am May 13, 2021 11:11am
Love the move on the uc !!!!!
Yes !!!!!
Ge
"Define the risk OUT of your trade"--Mark Douglas
  • #38,435
  • May 13, 2021 11:32am May 13, 2021 11:32am
  •  Ekim7
  • | Joined Nov 2019 | Status: Having the time of my life | 70 Posts
Quoting GreenEarth
Love the move on the uc !!!!! Yes !!!!! Ge
Agreed! Now let's see what it does for retail sales tomorrow
You should really listen to what Davit says
  • #38,436
  • May 14, 2021 12:18pm May 14, 2021 12:18pm
Hope everyone had a great week.
Take care of your loved one's , take care of yourself.
Be safe.

Green Pips To Everyone ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,437
  • May 14, 2021 12:50pm May 14, 2021 12:50pm
Closed the NC with 1.64% profit before market close (I don't post the equity curve now cause it's getting too repetitive) . Pivot Trading works, you just need to give it time to show its edge. Thanks Davit and all the great minds here.

Have a peaceful and great weekend.
Best Regards
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  • #38,438
  • Edited 12:32am May 15, 2021 12:12am | Edited 12:32am
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We obey the structure that results from the market's reaction
  • #38,439
  • May 17, 2021 4:16am May 17, 2021 4:16am
Quoting Egbert
{image} {image} {image} {image} {image}
Egbert , thank you for the valuable information.
Your posts always contain those Golden Nuggets.

Sincerely ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,440
  • May 17, 2021 4:27am May 17, 2021 4:27am
Hey Traders , Good Morning , Hope you all had a GREAT WEEKEND & RECHARGED THE BATTERIES.

Here we go. I strongly suggest to look at the 1 HOUR CHARTS of each of the following pairs for today , then , YOU MAKE A DECISION ON THE PROBABLE PA for the next few hours , maybe even a day or two.
The pairs are: UC , AC , NC , EU , EC and WTI. AS an exercise , insert up/down arrows in your charts to indicate which direction YOU BELIEVE THAT PA will move today.

I will post my charts with arrows at 6pm AST today.

Green Pips To All ,
GE
"Define the risk OUT of your trade"--Mark Douglas
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