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Pivot Trading

  • #38,721
  • Jun 30, 2021 5:00am Jun 30, 2021 5:00am
Quoting R61
{quote} Closed NC +127 I may reload on a dip if conditions meet. {image} {quote} I probably go with the 1st option. At the S38 zone I entered only with 30% of what I was willing to enter, the rest of my troops was ready if price got to S61 or below. For pairs like NC that have a low ADR range, I look for opportunities on M15 timeframe, but for EN, for example, I use M30 and H1. This is just me. {quote} As Wags pointed out, this is personal, only you know how to manage your trades. For me,...
Closed EA +162
Attached Image
AC EA on watchlist.
"In the end you only trade yourself."
  • #38,722
  • Jun 30, 2021 5:26am Jun 30, 2021 5:26am
EC on Buy Watchlist
the highest point comes before the fall
  • #38,723
  • Jun 30, 2021 9:13am Jun 30, 2021 9:13am
Quoting R61
{quote} Closed EA +162 {image}AC EA on watchlist.
Loaded a few longs on AC, also on EC!
Attached Image (click to enlarge)
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"In the end you only trade yourself."
  • #38,724
  • Jun 30, 2021 9:31am Jun 30, 2021 9:31am
Quoting R61
{quote} Loaded a few longs on AC, also on EC! {image}

Same on NC and AC

and i closed EA sell earlier
  • #38,725
  • Jun 30, 2021 11:39am Jun 30, 2021 11:39am
What are your thoughts on shorting UJ atm
  • #38,726
  • Jun 30, 2021 12:12pm Jun 30, 2021 12:12pm
Quoting Wags
What are your thoughts on shorting UJ atm
I suggest before adding more trades close the ones you already got going hopefully in profit.Stretching thin is not good.
I dont trade Yen in general.Looks like more room to R61+
Personally dont see a weakness to short.Price has stalled going north but its not coming back down either.This being monthly end and NFP Friday best leave it alone now
In trading, you have to be defensive and aggressive at the same time
  • #38,727
  • Jun 30, 2021 12:27pm Jun 30, 2021 12:27pm
Quoting Davit
{quote} I suggest before adding more trades close the ones you already got going hopefully in profit.Stretching thin is not good. I dont trade Yen in general.Looks like more room to R61+ Personally dont see a weakness to short.Price has stalled going north but its not coming back down either.This being monthly end and NFP Friday best leave it alone now
Thanks for the suggestion

Yes i already closed other trades for profit

I have removed all CHF pairs and a lot of GBP pairs, but still have GU and most yen pairs on my watch list as i narrowed down from post 1
  • #38,728
  • Jun 30, 2021 12:39pm Jun 30, 2021 12:39pm
Closing the month in great profit I think highest in 1 month my best.
No surprise biggest winners were EC and NC since I was hitting them both on dips.Love all CAD pairs.I have come to love Canadian dollar both selling it and buying it

Got NC running in profit but like to hold more may hold it until Friday want to see if this reaches 87+
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #38,729
  • Jun 30, 2021 12:49pm Jun 30, 2021 12:49pm
Quoting Davit
Closing the month in great profit I think highest in 1 month my best. No surprise biggest winners were EC and NC since I was hitting them both on dips.Love all CAD pairs.I have come to love Canadian dollar both selling it and buying it Got NC running in profit but like to hold more may hold it until Friday want to see if this reaches 87+ {image}

You cannot argue with that
  • #38,730
  • Jun 30, 2021 4:32pm Jun 30, 2021 4:32pm
Hi guys going to enjoy the summer with family next few months.I will post feedback when I can
There is no magic formula.The formula is you.Work on your weaknesses and generally be observant of factors effecting price.
In trading, you have to be defensive and aggressive at the same time
  • #38,731
  • Jun 30, 2021 4:48pm Jun 30, 2021 4:48pm
Quoting Davit
Hi guys going to enjoy the summer with family next few months.I will post feedback when I can There is no magic formula.The formula is you.Work on your weaknesses and generally be observant of factors effecting price.
@Davit

Have a good one with your family.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,732
  • Jul 1, 2021 2:25am Jul 1, 2021 2:25am
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the highest point comes before the fall
  • #38,733
  • Jul 1, 2021 10:45am Jul 1, 2021 10:45am
Quoting R61
{quote} Loaded a few longs on AC, also on EC! {image}
Closed both!
Today's result.
Attached Image
Week so far.
Attached Image
Still got running a few longs on AC (2nd batch).
Watching EA.
"In the end you only trade yourself."
  • #38,734
  • Jul 1, 2021 12:44pm Jul 1, 2021 12:44pm
Quoting R61
{quote} Closed both! Today's result. {image}Week so far. {image}Still got running a few longs on AC (2nd batch). Watching EA.
Nice results

How come it shows no drawdown?

First 3 pairs average 20 pips per entry and NC averages 8 pips

My trade report doesnt go past a week when i set dates further back which is weird and does not show all results
  • #38,735
  • Jul 1, 2021 12:50pm Jul 1, 2021 12:50pm
Trades i am currently in off pivot entries

Will run them upto news tomorrow or close otherwise

Missed extra entries on AC s78 as was out

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  • #38,736
  • Jul 1, 2021 2:16pm Jul 1, 2021 2:16pm
Quoting Wags
{quote} Nice results How come it shows no drawdown? First 3 pairs average 20 pips per entry and NC averages 8 pips My trade report doesnt go past a week when i set dates further back which is weird and does not show all results
Thanks!

How come it shows no drawdown?
All my trades were closed on green.

First 3 pairs average 20 pips per entry and NC averages 8 pips
In some cases, in some pairs, I increase my TP range, usually pairs that have larger ADR range like EA EN GC and pairs like AN NC that have low ADR range I decrease my TP range but increase my lot size and vice versa.

My trade report doesnt go past a week when i set dates further back which is weird and does not show all results
On Metatrader, in History tab, make sure to have All History checked. Then refresh the indicator by switching timeframes for example.
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"In the end you only trade yourself."
  • #38,737
  • Jul 1, 2021 2:24pm Jul 1, 2021 2:24pm
Quoting R61
{quote} Closed both! Today's result. {image}Week so far. {image}Still got running a few longs on AC (2nd batch). Watching EA.
Closed 2nd batch on EA +124
Week so far.
Attached Image

June results on steroids!
Attached Image
No open trades.
But watching.
"In the end you only trade yourself."
  • #38,738
  • Jul 1, 2021 2:35pm Jul 1, 2021 2:35pm
Quoting R61
{quote} Thanks! How come it shows no drawdown? All my trades were closed on green. First 3 pairs average 20 pips per entry and NC averages 8 pips In some cases, in some pairs, I increase my TP range, usually pairs that have larger ADR range like EA EN GC and pairs like AN NC that have low ADR range I decrease my TP range but increase my lot size and vice versa. My trade report doesnt go past a week when i set dates further back which is weird and does not show all results On Metatrader, in History tab, make...

Nice one thanks for clearing that up

Adr range makes a lot of sense

Drawdown we will leave alone lol
  • #38,739
  • Jul 1, 2021 2:36pm Jul 1, 2021 2:36pm
Quoting R61
{quote} Closed 2nd batch on EA +124 Week so far. {image} June results on steroids! {image}No open trades. But watching.

Fantastic results
  • #38,740
  • Jul 2, 2021 5:50am Jul 2, 2021 5:50am
Closed 2nd batch on AC +104
Attached Image
No open trades.
Closed shop for this week.
"In the end you only trade yourself."
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