Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Open Trade near Pivot line (Pivot Point) 14 replies

Weekly Pivot to Pivot Trading 19 replies

The Pivot Net Revisited (Weekly Pivot Net) 41 replies

Help with daily pivot, weekly pivot on MT4 3 replies

Pivot high - Pivot low MT4 3 replies

Attachments: Pivot Trading
Exit Attachments

Pivot Trading

Closed CJ +509
Attached Image
Looking to reload shorts on EN.
As Davit says, when there is carnage there is opportunity.

Still on EA, but in DD.
"In the end you only trade yourself."
Closed CJ may reload if drops lower then where I closed

the reason was ADR high however crude data coming up 10.30am if negative good for CAD
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH1.png Size: 35 KB
Attached Image
In trading, you have to be defensive and aggressive at the same time
lot of funds have been loaded on the Euro and should explode after the Feds EN EA in particular
Love the opportunities love it
In trading, you have to be defensive and aggressive at the same time
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.H1.png Size: 44 KB
Nothing is impossible - IHS
Quoting Davit
lot of funds have been loaded on the Euro and should explode after the Feds EN EA in particular Love the opportunities love it
thanks Davit, where did you read about/ find this info?
Quoting milicentfx
{quote} thanks Davit, where did you read about/ find this info?
Its in the chart. How much EN EA moved VS how much EU moved.Difference is where the funds were directed.They were dumping AUD NZD and buying Euro however with 0% carry over value its unsuitable "parking fund" location hence correction are in order.You are not going to park 10million on Euro and pay -25% out every day to AUD.
Hope this helps

AUD Employment data came out better then expected should rebound.

Why do corrections happen.Its simple fact of profit taking.
In trading, you have to be defensive and aggressive at the same time
Looks like some risk off action going on and flight to safe haven currencies.
I have to say i got ripped to peices last night

I was in 2 valid setups UC and EA

Being in the UK i even set my alarm to wake me up at 2.15am so i could check Aussie news, which was good so went back to bed as at that point PA looked ok to me

I guess this is just one of those things, I checked to see previous UC asia session moves and thought i was good but it really caught me

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 63 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 64 KB
On Point All Time Return: na
Quoting Wags
I have to say i got ripped to peices last night I was in 2 valid setups UC and EA Being in the UK i even set my alarm to wake me up at 2.15am so i could check Aussie news, which was good so went back to bed as at that point PA looked ok to me I guess this is just one of those things, I checked to see previous UC asia session moves and thought i was good but it really caught me {image} {image}
I think most of us are in DD atm, because CAD is sinking. I'm in 2-3% range. Manageable.
Quoting 1pipperhour
{quote} I think most of us are in DD atm, because CAD is sinking. I'm in 2-3% range. Manageable.

I think i drew the 2 short straws of all pairs though lol
On Point All Time Return: na
Well Davit

Like you said most reversals usually end in a spike so lets sell this UC
On Point All Time Return: na
Quoting Wags
Well Davit Like you said most reversals usually end in a spike so lets sell this UC
Also DXY its in a nice spot on R100, so USD could get weaker

Im not taking that trade, but hope you smash those pips
- If you plant corn, you get corn
Quoting Mastropiero
{quote} Also DXY its in a nice spot on R100, so USD could get weaker Im not taking that trade, but hope you smash those pips
Just going to ease myself back slowly with much smaller lot sizes if i can
On Point All Time Return: na
after losing a lot of money in the last 2 days i have become cautious. mark douglas said the market can do anything ... and that is exactly it.

EN rises to the sky. YEN goes up and up
the highest point comes before the fall
Quoting Pivoter
after losing a lot of money in the last 2 days i have become cautious. mark douglas said the market can do anything ... and that is exactly it. EN rises to the sky. YEN goes up and up

Same, I think a lot of retail traders got burnt last 24 hours
On Point All Time Return: na
Quoting koziolq
{quote} Thats exactly what I had in my mind, one of the things that I have learned over the years when trading with you is patience.. and entry at the right time. Not see the point sitting in DD hoping for the market move in my favour. EA has a lot of room and I would rather wait and enter the market when the 'clear' indication gives me the hint. Safe trading
Starting to build short positions on EA and EN.
Money is a part of what turns you into who you are.
Closed some losses EN EA. Part of trading.Moving on.
Market over reaction to Delta and less on Afghanistan obviously created a perfect storm.Commodity pairs got hit hardest.
I am certain correction are in order. Part of trading is managing your account.No system can do that for you.You do that for yourself.
Its a marathon not a sprint.
In trading, you have to be defensive and aggressive at the same time
Currently long CJ at 8505

Note that Pivots fail when strong fundamentals are at play.They work majority of times but do fail at times like this.Markets tend to overreact its the factor of fear.
I am certain part of it is clearing stops.
Good luck

CAD retail was green.Should correct EC GC CJ all three over stretched.
In trading, you have to be defensive and aggressive at the same time
Inserted Video


little motivation for a hard week
- If you plant corn, you get corn
Quoting Pivoter
after losing a lot of money in the last 2 days i have become cautious. mark douglas said the market can do anything ... and that is exactly it. EN rises to the sky. YEN goes up and up
I also took some considerable losses on EA EN.
That move on EA EN during overnight (on my timezone) caught me on surprise, I don't have a fixed SL, so the losses passed my loss tolerance.
In order to avoid be caught off guard again I am considering to lower my lot size and maybe partially hedge my positions during overnight, especially on non-commodity pairs, but is just a thought for now.

Here is some of the valuable posts on this thread that I think is worth to reread, especially in times like these.

  1. The Importance of Mistakes
  2. Chapter 24 FORGIVENESS
  3. Chapter 23 THE SUCCESS MECHANISM AND THE FAILURE MECHANISM
  4. Winning and being a winning trader are two different things…

Closed CJ +350

Attached Image
"In the end you only trade yourself."
9 traders viewing now, 4 are members:
,
mrbin
,
sneakpeek
,