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Pivot Trading

  • #38,801
  • Jul 13, 2021 6:48am Jul 13, 2021 6:48am
Quoting Ahmed30
{quote} I am with you in this trade but i get out as tommorow are nzd interest rate news.
I will close in about 30 minutes time
  • #38,802
  • Jul 13, 2021 7:58am Jul 13, 2021 7:58am
Quoting Wags
{quote} Did you take into consideration last weeks high?
Yes, price may go higher, but in the process will be a lot of swing tops and bottoms and I only want squeeze 15~30 pips in each move if possible.

Currently watching GC EN NC to load.
No open trades.

MM may want to shake up NZD longs before RBNZ rate decision later.
"In the end you only trade yourself."
  • #38,803
  • Jul 13, 2021 8:23am Jul 13, 2021 8:23am
Quoting R61
{quote} Yes, price may go higher, but in the process will be a lot of swing tops and bottoms and I only want squeeze 15~30 pips in each move if possible. Currently watching GC EN NC to load. No open trades. MM may want to shake up NZD longs before RBNZ rate decision later.

Nice

I am already loading GC and have re-entered on EG as closed these before news

Closed GN before news as well

Open and Closed

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  • #38,804
  • Jul 13, 2021 8:32am Jul 13, 2021 8:32am
Quoting R61
{quote} Yes, price may go higher, but in the process will be a lot of swing tops and bottoms and I only want squeeze 15~30 pips in each move if possible. Currently watching GC EN NC to load. No open trades. MM may want to shake up NZD longs before RBNZ rate decision later.
Closed EN +288
Attached Image

If opportunities presents, I may reload again.
"In the end you only trade yourself."
  • #38,805
  • Jul 13, 2021 4:54pm Jul 13, 2021 4:54pm
Watching EG to load longs.
Nice spot.
"In the end you only trade yourself."
  • #38,806
  • Jul 14, 2021 7:17am Jul 14, 2021 7:17am
guys i went long in AUDNZD,seems in a good location .

Although there is some news but I will see what happen later on.
  • #38,807
  • Jul 14, 2021 7:59am Jul 14, 2021 7:59am
Quoting Ahmed30
guys i went long in AUDNZD,seems in a good location . Although there is some news but I will see what happen later on.
yes, a nice area to turn around
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the highest point comes before the fall
  • #38,808
  • Jul 14, 2021 8:21am Jul 14, 2021 8:21am
Quoting Pivoter
{quote} yes, a nice area to turn around {image}
im not convinced yet, trends are strong in this pair... looking PA very closely
- If you plant corn, you get corn
  • #38,809
  • Jul 14, 2021 8:39am Jul 14, 2021 8:39am
Finally i can post on my Favourite thread.
Thanks Dave and Team.
I short the Gold from R78 (Careful as US Rising Inflation)

Thanks
  • #38,810
  • Edited 8:50am Jul 14, 2021 8:40am | Edited 8:50am
Quoting Mastropiero
{quote} im not convinced yet, trends are strong in this pair... looking PA very closely
I like it, i have just entered AN and NC

Not a lot in its way if it goes up, plus all previous 4 days have opened higher also could be head and shoulders pattern on lower TF
  • #38,811
  • Jul 14, 2021 8:41am Jul 14, 2021 8:41am
Quoting Mastropiero
{quote} im not convinced yet, trends are strong in this pair... looking PA very closely
trends rarely go straight up or down.There are many corrections.Thought to share.Pivots provide excellent turning points.I made shitload of money buying in downtrends and selling in uptrends provided you dont park yourself for weeks

I think more in terms of swings and general direction. NZD is over bought should unravel soon IMO

Another thing trading is probability game.Pivots provide excellent edge.All you need.
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In trading, you have to be defensive and aggressive at the same time
  • #38,812
  • Jul 14, 2021 8:48am Jul 14, 2021 8:48am
CAD day today should open up opportunities. I think CAD will get stronger UC may drop providing opportunity to buy low. EC AC another good options to buy.
Lets see what BOC may say.
EC is looking good need it to drop lower
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In trading, you have to be defensive and aggressive at the same time
  • #38,813
  • Jul 14, 2021 9:44am Jul 14, 2021 9:44am
Quoting qasmanc1
Finally i can post on my Favourite thread. Thanks Dave and Team. I short the Gold from R78 (Careful as US Rising Inflation) Thanks
Agreed, that was a textbook swing failure and perfect rejection off the R78.

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Trade with confidence, trade without fear.
  • #38,814
  • Jul 14, 2021 11:16am Jul 14, 2021 11:16am
all cad pairs have now arrived in important areas, good potential for turning
the highest point comes before the fall
  • #38,815
  • Jul 14, 2021 11:27am Jul 14, 2021 11:27am
Quoting R61
Watching EG to load longs. Nice spot.
Closed EG +95
Larger lots on this in order to compensate the low ADR range.
Attached Image
Currently holding minor DD on GC shorts (I may add on that later if conditions meet).

I Made in one day what I usually do in one week on my "normal job".
"In the end you only trade yourself."
  • #38,816
  • Jul 14, 2021 12:43pm Jul 14, 2021 12:43pm
Quoting R61
{quote} Closed EG +95 Larger lots on this in order to compensate the low ADR range. {image}Currently holding minor DD on GC shorts (I may add on that later if conditions meet). I Made in one day what I usually do in one week on my "normal job".
Its amazing you see same trades as I do and you are banking.Same trade also myself.You are doing super well.
You can run this thread if you want to. Why sticking to one system and make it work pays.
Continue banking
In trading, you have to be defensive and aggressive at the same time
  • #38,817
  • Jul 14, 2021 2:43pm Jul 14, 2021 2:43pm
Update since reducing pairs

Only open trade is NC which i am happy to hold this DD as i have made so many pips this week, loading heavily with smaller lot sizes on some pairs

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  • #38,818
  • Edited 3:06pm Jul 14, 2021 2:52pm | Edited 3:06pm
Quoting R61
{quote} Closed EG +95 Larger lots on this in order to compensate the low ADR range. {image}Currently holding minor DD on GC shorts (I may add on that later if conditions meet). I Made in one day what I usually do in one week on my "normal job".

Would be great help for us all if you could post some charts, only if you have the time

I am getting in a little early sometimes but after only 2/3 weeks trading pivots, im sure i can iron this out a bit in the future as i see the patterns better, of course sometimes something will go wrong and thats what makes the trader
  • #38,819
  • Jul 15, 2021 4:35am Jul 15, 2021 4:35am
All closed

The week so far

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  • #38,820
  • Edited 6:27am Jul 15, 2021 6:16am | Edited 6:27am
Back in on EG

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and GC

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