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Pivot Trading

  • #38,901
  • Aug 3, 2021 9:14am Aug 3, 2021 9:14am
CJ nice spot to long
+swap nice deal
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In trading, you have to be defensive and aggressive at the same time
  • #38,902
  • Aug 3, 2021 11:35am Aug 3, 2021 11:35am
Hi guys

Why calendar important.Market makers do react and build up to it so you better know it to be in sink. Half the battle is knowing your enemy moves.
Example we got NZD employment figures tonight.Both numbers projected to be positive hence NZD was is getting popped up then after release dumping profit taking so you got to know this in order to be ahead of your game.Trading is pretty much a chess game albeit easier then chess.
Anyway I sound like broken record....
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In trading, you have to be defensive and aggressive at the same time
  • #38,903
  • Edited 12:31pm Aug 3, 2021 12:09pm | Edited 12:31pm
Quoting Davit
Hi guys Why calendar important.Market makers do react and build up to it so you better know it to be in sink. Half the battle is knowing your enemy moves. Example we got NZD employment figures tonight.Both numbers projected to be positive hence NZD was is getting popped up then after release dumping profit taking so you got to know this in order to be ahead of your game.Trading is pretty much a chess game albeit easier then chess. Anyway I sound like broken record.... {image}

Am spending most of this week not trading but reading the thread, A few weeksoff for learning and preparing before back to live account

Thankx for that explaination as it makes great sense to me

This may sound a bit weird to some but i am writing down some basic rules for trading this which i can refer to, to remind me each day for now until it becomes second nature

Davit i know you said avoid the other GBP pairs other than GC, is this even so with strong news projections and also news outcomes?
  • #38,904
  • Aug 3, 2021 12:46pm Aug 3, 2021 12:46pm
Quoting Wags
{quote} Am spending most of this week not trading but reading the thread, A few weeksoff for learning and preparing before back to live account Thankx for that explaination as it makes great sense to me This may sound a bit weird to some but i am writing down some basic rules for trading this which i can refer to, to remind me each day for now until it becomes second nature Davit i know you said avoid the other GBP pairs other than GC, is this even so with strong news projections and also news outcomes?
GBP is strong now until rate decision then either it will drop down or shoot high depending on Monetary policy statement.Its best not to be in front of bulls now.
I advise focusing on NZD tonight
Dont know if I answered your question but was not sure about what you were asking.There is weakness on CAD in general due to crude falling from 74 to 70
However NC short is not out of play.Best stay away from GC now.
In trading, you have to be defensive and aggressive at the same time
  • #38,905
  • Edited 5:09pm Aug 3, 2021 4:40pm | Edited 5:09pm
Quoting Davit
{quote} GBP is strong now until rate decision then either it will drop down or shoot high depending on Monetary policy statement.Its best not to be in front of bulls now. I advise focusing on NZD tonight Dont know if I answered your question but was not sure about what you were asking.There is weakness on CAD in general due to crude falling from 74 to 70 However NC short is not out of play.Best stay away from GC now.

The fundamental side of things has just started to click for me, i have never even thought about this before but from your previous post i can see you can kind of set a little road map for the coming week(until the news comes), combined with where the bigger picture where price is and then how price reacts around these levels i am starting to really get it

like you said as of start of the week for fundamentals based on projections for the week as of looking at the coming week from the weekend:

AUD = Bullish side
NZD = bullish side
USD = bullish side
GBP = neutral
CAD = mixed bag/negative side

Obviously yesterdays USD ISM pmi put a litle spanner in the works for the dollar which makes people have hesitation for it and slightly weaker even though still bullish above 50, but still strong against CAD in the short term

Thats just the stats not including other info and speaches

But yes from monday

AC,NC looking to buy and GA, GN and GU looking to sell at the right moment, with UC a good buy from the off
  • #38,906
  • Aug 3, 2021 7:46pm Aug 3, 2021 7:46pm
Quoting Wags
{quote} The fundamental side of things has just started to click for me, i have never even thought about this before but from your previous post i can see you can kind of set a little road map for the coming week(until the news comes), combined with where the bigger picture where price is and then how price reacts around these levels i am starting to really get it like you said as of start of the week for fundamentals based on projections for the week as of looking at the coming week from the weekend: AUD = Bullish side NZD = bullish side USD =...
As you know I am an artist hence before doing anything on canvas most artists almost all do rough sketch outlining the composition general shape.
Then slowly working more definition and shaping and final stage is closest details.
This is organic way and my approach to markets is same bigger picture fundamentals ,calendar then Pivots then price action.
Most traders who fail start from cat's tail thinking its the whole cat when in reality they are missing 95% of it.You can't really profitably trade for living if you are clueless and only looking at 15min -1min charts.Most traders who are successful in scalping know the general view.That's important.
Cheers you are doing good.
In trading, you have to be defensive and aggressive at the same time
  • #38,907
  • Aug 4, 2021 6:35am Aug 4, 2021 6:35am
NC looks like its in a good place now, will wait til after 3.30pm UK

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  • #38,908
  • Aug 4, 2021 9:26am Aug 4, 2021 9:26am
Quoting Wags
NC looks like its in a good place now, will wait til after 3.30pm UK {image}
beautiful rejection on R138
- If you plant corn, you get corn
  • #38,909
  • Aug 4, 2021 9:29am Aug 4, 2021 9:29am
Running full tilt on NC short.
Too many opportunities like EN long but limited by margin
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In trading, you have to be defensive and aggressive at the same time
  • #38,910
  • Aug 4, 2021 9:30am Aug 4, 2021 9:30am
Quoting Wags
NC looks like its in a good place now, will wait til after 3.30pm UK {image}
rejection as precise as a swiss clockwork
the highest point comes before the fall
  • #38,911
  • Aug 4, 2021 9:31am Aug 4, 2021 9:31am
Quoting Pivoter
{quote} rejection as precise as a swiss clockwork
Weekly fib pivots are gold

Full unloading will happen after NFP anticipate GBP getting full hummer after rate statement

We are witnessing typical market structure in play.Pomp up then dump usually goes further then you think that's because MM aiming for liquidity clusters.
If your stop is 20-30pips good luck because it will get hit even if you are in correct side.20-30 stops are brokers dream keep on collecting
In trading, you have to be defensive and aggressive at the same time
  • #38,912
  • Aug 4, 2021 9:54am Aug 4, 2021 9:54am
Quoting Davit
CJ nice spot to long +swap nice deal {image}
Maybe i have missed it, but whats the dashboard down on your left at the chart mate?
  • #38,913
  • Aug 4, 2021 10:22am Aug 4, 2021 10:22am
Quoting kojak
{quote} Maybe i have missed it, but whats the dashboard down on your left at the chart mate?
its pretty common indi tracking most common MA's.One glace tells the whole story.
Attached File(s)
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In trading, you have to be defensive and aggressive at the same time
  • #38,914
  • Aug 4, 2021 10:45am Aug 4, 2021 10:45am
Quoting Mastropiero
{quote} beautiful rejection on R138
Cracking trade that, shame i have decided to not trade until i have read the thread lol
  • #38,915
  • Aug 4, 2021 10:47am Aug 4, 2021 10:47am
Quoting Pivoter
{quote} rejection as precise as a swiss clockwork
Call that one a rolex trade
  • #38,916
  • Aug 4, 2021 10:48am Aug 4, 2021 10:48am
Quoting Davit
{quote} its pretty common indi tracking most common MA's.One glace tells the whole story. {file}

Are you using it as a 200sma Davit?
  • #38,917
  • Aug 4, 2021 10:48am Aug 4, 2021 10:48am
Quoting Wags
{quote} Cracking trade that, shame i have decided to not trade until i have read the thread lol
You should not miss good opportunities.You can trade if not sure trade smaller lots. There is lot of repetition on the thread once you grasp the essence you dont need to read thousands of posts.
In trading, you have to be defensive and aggressive at the same time
  • #38,918
  • Edited 12:28pm Aug 4, 2021 10:52am | Edited 12:28pm
Quoting Davit
{quote} You should not miss good opportunities.You can trade if not sure trade smaller lots. There is lot of repetition on the thread once you grasp the essence you dont need to read thousands of posts.

True that, i just want to be sure about the realtime news stuff tbh once i got that i will be happy

See i was waiting for crude results for a strong CAD, but was not great which would have put me off, even though in my mind i felt it was a great setup
  • #38,919
  • Aug 4, 2021 12:12pm Aug 4, 2021 12:12pm
Summer Holidays in UK. spending time with family and camping. still manage to some trades. thanks dave
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  • #38,920
  • Edited 1:14pm Aug 4, 2021 1:03pm | Edited 1:14pm
I like the look of AN see how it acts around the S100

I will enter this one , I like the way you can scroll through the charts with a clear idea of what your looking for with this strategy in a relaxed manner, Love it

Would be nice if it reaches S100 before daily close so i do not have the agony of an hours massive spread, wouldnt be suprised if it went down to S138

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Daily

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