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Pivot Trading

  • #38,741
  • Edited 1:54pm Jul 4, 2021 1:39pm | Edited 1:54pm
I have manually reset my pivots for the coming week, looking forward to more trades this week everytime i make a mistake i am learning more

I did ok last week plenty of profit, still in a couple of trades which still look good to me

Looking over the charts and seeing if there are some possible entries for the Asian session

Bit weird i removed most gbp pairs amongst others from my watch list but they keep reappearing

I like the look of these especially CJ

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  • #38,742
  • Jul 5, 2021 4:34am Jul 5, 2021 4:34am
Closed last weeks open trades at this weeks pivot, would have added to them last night but spreads were huge as usual

Couldnt enter the trades above post last night because of massive spreads again, also NJ never returned to r38 so will wait for possible setups

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  • #38,743
  • Jul 5, 2021 4:49am Jul 5, 2021 4:49am
Thoughts on EG?

Been ranging for quite a while

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  • #38,744
  • Jul 5, 2021 7:16am Jul 5, 2021 7:16am
Nice start of the week.
Less pips but larger lots.
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"In the end you only trade yourself."
  • #38,745
  • Edited 5:06pm Jul 5, 2021 4:53pm | Edited 5:06pm
I am gradually reading through the thread and getting some great info

I am of the understanding that we are trading back towards pivot from optimal 61-78 and i also get 38

But i also see a lot of trades being taken around pivot point so im trying to see this as well but why is this needed as the whole point is when price extends away from pivot a retracement or a possible reversal becomes more favourable?

Anyway here is a couple of pivot trades that look like they could come off back towards s38.

I know we have some AUD news coming up tonight but looks like nothing to change much on rate or even slightly negative because of delta variant becoming prevalent

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  • #38,746
  • Jul 5, 2021 5:16pm Jul 5, 2021 5:16pm
Quoting Wags
I am gradually reading through the thread and getting some great info I am of the understanding that we are trading back towards pivot from optimal 61-78 and i also get 38 But i also see a lot of trades being taken around pivot point so im trying to see this as well but why is this needed as the whole point is when price extends away from pivot a retracement or a possible reversal becomes more favourable? Anyway here is a couple of pivot trades that look like they could come off back towards s38. I know we have some AUD news coming up tonight but...
Today AUDUSD - RBA Rate Statement
  • #38,747
  • Jul 5, 2021 5:21pm Jul 5, 2021 5:21pm
Quoting mixedbags
{quote} Today AUDUSD - RBA Rate Statement

Yes i dont think it will be changing anytime soon though, but maybe that doesnt matter as price will move anyway , i dont know

Best to leave alone i suppose?
  • #38,748
  • Jul 5, 2021 8:14pm Jul 5, 2021 8:14pm
I will trade cross pair of AUD instead of AU.
monitoring on Ncad atm
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #38,749
  • Jul 6, 2021 4:54am Jul 6, 2021 4:54am
We should see a rebound on EN
In trading, you have to be defensive and aggressive at the same time
  • #38,750
  • Jul 6, 2021 9:10am Jul 6, 2021 9:10am
Closed EN +230
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No open trades.
NC worth a look.
"In the end you only trade yourself."
  • #38,751
  • Jul 6, 2021 9:30am Jul 6, 2021 9:30am
Quoting Davit
We should see a rebound on EN

fly like a rocket
the highest point comes before the fall
  • #38,752
  • Jul 6, 2021 9:47am Jul 6, 2021 9:47am
Just to inspire you. 14% account gain today
Back to swimming!

What is interesting I got people asking pleading to allow them to post here once I do never see them post.Just perplexing why ask then in 1st place if you have no intention to participate?

Decided 1week grace period if I dont see any post from these guys here will ban them.Its no joke thread.
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In trading, you have to be defensive and aggressive at the same time
  • #38,753
  • Jul 6, 2021 9:53am Jul 6, 2021 9:53am
Quoting Davit
Just to inspire you. 14% account gain today Back to swimming! What is interesting I got people asking pleading to allow them to post here once I do never see them post.Just perplexing why ask then in 1st place if you have no intention to participate? Decided 1week grace period if I dont see any post from these guys here will ban them.Its no joke thread. {image}

I hit a hell of a lot of drawdown but came back to some nice profit
  • #38,754
  • Jul 6, 2021 9:56am Jul 6, 2021 9:56am
Quoting Wags
{quote} I hit a hell of a lot of drawdown but came back to some nice profit
Its part of trading knowing when to hold when to fold (pivots provide framework for this). OPEC meeting certainly pushed CAD up then unfolded once it fell apart.
In trading, you have to be defensive and aggressive at the same time
  • #38,755
  • Jul 6, 2021 10:08am Jul 6, 2021 10:08am
Quoting Davit
{quote} Its part of trading knowing when to hold when to fold (pivots provide framework for this). OPEC meeting certainly pushed CAD up then unfolded once it fell apart.

I messed up a bit last night really as i took some trades i thought were good on pivot level when i should be concentrating on R/S lines to start with or results would have been a lot better

Its a bit of a mess below lol

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  • #38,756
  • Jul 6, 2021 10:13am Jul 6, 2021 10:13am
Quoting Wags
{quote} I messed up a bit last night really as i took some trades i thought were good on pivot level when i should be concentrating on R/S lines to start with or results would have been a lot better {image}
Your biggest loss is EJ
Focus on pairs you know well.I generally dont trade Yen pairs.They are most erratic.I prefer pairs I know well.Know what you are good at and exploit that.I know I am good at CAD so that's mainly what I trade.
In trading, you have to be defensive and aggressive at the same time
  • #38,757
  • Jul 6, 2021 11:35am Jul 6, 2021 11:35am
Quoting Davit
{quote} Your biggest loss is EJ Focus on pairs you know well.I generally dont trade Yen pairs.They are most erratic.I prefer pairs I know well.Know what you are good at and exploit that.I know I am good at CAD so that's mainly what I trade.

Yes i think i need to trim pairs down even more as i find myself shooting through many charts and it can become a bit of a blur
  • #38,758
  • Jul 6, 2021 12:50pm Jul 6, 2021 12:50pm
Quoting R61
Closed EN +230 {image}No open trades. NC worth a look.
Closed EC + 120
From between R61 to R38
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"In the end you only trade yourself."
  • #38,759
  • Edited Jul 7, 2021 1:55am Jul 6, 2021 11:51pm | Edited Jul 7, 2021 1:55am
finally i can write in my favorite thread,Thank you Davit.

I feel that i need to introduce myself as trader for you guys. Exicuse me if i make some mistakes as English is not my main language.

Before i find this great strategy (Pivot Trading) I bought strategy, were it involved with martingale and macd and simple sma.

I was profitable for 4 months, My mentor said that you will never have drawdown by this strategy, no matter what price will come back after it reversed and give you profit.

my account as retail trader is less than 3kUSD so if i enter 5 times and price reversed i will be in serious drawdown of nearly 20% floating losses .


In most of times price dont need more than 3 enteries to hit my goal, all going good until i went in trade with eurusd with 5 enteries and market reversed sharply in my face leaving me with floating loss of 30-40% loss but even this scenario, i still hold hoping to reverse and it came back with decent profit but after more than 2 months !

Here i decide to quit it and find another strategy which is safe with low draw down,reliable and save my time as even if i dont lose money, Idont want to waste time with trades that require a month or more to be closed ....

so Fibo Pivots fullfiled that and am glad i find it here in this thread.
  • #38,760
  • Jul 7, 2021 7:13am Jul 7, 2021 7:13am
Watch EN for reload.This is beautifully setting up
Before trigger watch some buying candles make sure down move is over
In trading, you have to be defensive and aggressive at the same time
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