Attachments: Pivot Trading

Pivot Trading

#38,521
May 26, 2021 2:29am May 26, 2021 2:29am

Egbert
Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,081 Posts | Online Now

Just my thoughts,

Every country is measured according to the USD. As the USD is the reserve currency of the world.
Hence I think its better profits, trading ___JPY. (just me).
Then if we are selling EUR will it be because of profit taking or trend change.
USD central bank is still meddling in the markets 10Y.

We obey the structure that results from the market's reaction

#38,522
May 26, 2021 2:50am May 26, 2021 2:50am

Egbert
Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,081 Posts | Online Now

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We obey the structure that results from the market's reaction

#38,523
May 26, 2021 3:50am May 26, 2021 3:50am

ebitalebi
Joined Feb 2009 | Status: Trader | 168 Posts

3% so far. I sold the top big so I may close some of the positions and keep the top ones. Let's see . . . I jumped the gun too soon but the small size let me add more at the top.

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#38,524
May 26, 2021 6:52am May 26, 2021 6:52am

Egbert
Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,081 Posts | Online Now

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We obey the structure that results from the market's reaction

#38,525
May 26, 2021 6:59am May 26, 2021 6:59am

Egbert
Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,081 Posts | Online Now

There she goes,,,,,
Will support become resistance?

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We obey the structure that results from the market's reaction

#38,526
May 26, 2021 7:10am May 26, 2021 7:10am

Egbert
Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,081 Posts | Online Now

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We obey the structure that results from the market's reaction

#38,527
May 26, 2021 7:42am May 26, 2021 7:42am

Ekim7
| Joined Nov 2019 | Status: Having the time of my life | 70 Posts

Quoting Egbert

Disliked

Next weeks calander, {image} {image}

Ignored

Thanks for the valuable advice and posts as always Egbert. Curious where you got that diagram from?

I've had more free time recently so trying to read more about fundamentals.
Cheers!

You should really listen to what Davit says

#38,528
May 26, 2021 7:54am May 26, 2021 7:54am

Egbert
Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,081 Posts | Online Now

Quoting Ekim7

Disliked

{quote} Thanks for the valuable advice and posts as always Egbert. Curious where you got that diagram from? I've had more free time recently so trying to read more about fundamentals. Cheers!

Ignored

We obey the structure that results from the market's reaction

#38,529
May 26, 2021 8:06am May 26, 2021 8:06am

Ekim7
| Joined Nov 2019 | Status: Having the time of my life | 70 Posts

Quoting Egbert

Disliked

{quote}

Ignored

That reply made my day

Well played lol

You should really listen to what Davit says

#38,530
May 26, 2021 8:52am May 26, 2021 8:52am

ebitalebi
Joined Feb 2009 | Status: Trader | 168 Posts

Quoting Egbert

Disliked

{quote}

Ignored

Which one is deadlier and more reliable KL-7.62 or AK-47? Both are great annihilation weapons for killing bad guys. I think Egbert knows the answer.

#38,531
May 26, 2021 12:48pm May 26, 2021 12:48pm

Egbert
Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,081 Posts | Online Now

Target reached,

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We obey the structure that results from the market's reaction

#38,532
May 26, 2021 12:59pm May 26, 2021 12:59pm

Egbert
Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,081 Posts | Online Now

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We obey the structure that results from the market's reaction

#38,533
May 26, 2021 1:09pm May 26, 2021 1:09pm

Egbert
Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,081 Posts | Online Now

EUR_JPY still making lower lows....

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We obey the structure that results from the market's reaction

#38,534
May 26, 2021 1:19pm May 26, 2021 1:19pm

azfarjaved
| Joined Mar 2014 | Status: Trader | 306 Posts

Quoting ebitalebi

Disliked

3% so far. I sold the top big so I may close some of the positions and keep the top ones. Let's see . . . I jumped the gun too soon but the small size let me add more at the top. {image}

Ignored

Appreciate your money management. Keep it up dear.

Azfar

#38,535
May 26, 2021 1:24pm May 26, 2021 1:24pm

Egbert
Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,081 Posts | Online Now

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We obey the structure that results from the market's reaction

#38,536
May 26, 2021 1:30pm May 26, 2021 1:30pm

azfarjaved
| Joined Mar 2014 | Status: Trader | 306 Posts

Hi Friends,

Clap for Egbert.... Playing around very well .....

My Attempts and judgments are

AUDNZD

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EURNZD is having strong down trend so waiting for appropriate time for execution

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NZDCAD not seems ready for confluence yet, I might be wrong but not taking entrance yet

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Note:- Guidelines / Criticism is most welcome for my better experience.

Regards,
Azfar

#38,537
Edited 2:14pm May 26, 2021 2:01pm | Edited 2:14pm

Egbert
Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,081 Posts | Online Now

Quoting azfarjaved

Disliked

Hi Friends, Clap for Egbert.... Playing around very well ..... My Attempts and judgments are AUDNZD {image} EURNZD is having strong down trend so waiting for appropriate time for execution {image} NZDCAD not seems ready for confluence yet, I might be wrong but not taking entrance yet {image} Note:- Guidelines / Criticism is most welcome for my better experience. Regards, Azfar

Ignored

EUR_NZD
AUD_NZD was in a range and broke out of the range with an strong down movement! Remember Davit always said if it passes S/R 100 it's an strong downward trend. Look at D1 on the angleator.

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We obey the structure that results from the market's reaction

#38,538
May 26, 2021 2:13pm May 26, 2021 2:13pm

ebitalebi
Joined Feb 2009 | Status: Trader | 168 Posts

Quoting ebitalebi

Disliked

3% so far. I sold the top big so I may close some of the positions and keep the top ones. Let's see . . . I jumped the gun too soon but the small size let me add more at the top. {image}

Ignored

Closed the trade for the total of 5.49% profit. I think this was my best trade so far not because I won bigger but because I respected my money management and risk management (I really was ready to close the trade if R100 was broken hard). Before entering the trade I was ready for being stopped out. I knew I had an edge but also knew that "anything can happen".
Thanks to Davit, Egbert and other great traders here for helping beginners like me step up.

Best Regards

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