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Pivot Trading

  • #39,241
  • Sep 13, 2021 3:29pm Sep 13, 2021 3:29pm
closed CJ
modest day.Some days any gain is better then nothing. Market was not moving much hence modest gains
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In trading, you have to be defensive and aggressive at the same time
  • #39,242
  • Sep 14, 2021 3:30am Sep 14, 2021 3:30am
maxed out ADR
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In trading, you have to be defensive and aggressive at the same time
  • #39,243
  • Sep 14, 2021 3:46am Sep 14, 2021 3:46am
I am anticipating NZD decline after or prior of Weds GDP
EN bears in control for now 6620 key level
Corrections on NZD will be aggressive...
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In trading, you have to be defensive and aggressive at the same time
  • #39,244
  • Sep 14, 2021 8:36am Sep 14, 2021 8:36am
GU getting interesting. Retail and jobless data ahead.

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  • #39,245
  • Edited 3:20pm Sep 14, 2021 3:00pm | Edited 3:20pm
If you are not making money today YOU ARE NOT PAYING ATTENTION!

Please dont post here that you did not see GU NU shorts EN long which I covered here.Lots of other set ups.Trading successfully requires consistent approach
My approach go over calendar pick out weak spots then follow Pivots/ PA/ Events PPE+ADR

keep it simple
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In trading, you have to be defensive and aggressive at the same time
  • #39,246
  • Sep 14, 2021 3:09pm Sep 14, 2021 3:09pm
Quoting Davit
maxed out ADR {image}
this was great set up 50pips south still going
In trading, you have to be defensive and aggressive at the same time
  • #39,247
  • Sep 14, 2021 4:13pm Sep 14, 2021 4:13pm
i couldn't concentrate on the market today. i have my older parents who expected my help. There were very good opportunities on the market today to make a lot of money, I know that. I couldn't benefit from it today. my parents gave me a lot and i don't want to disappoint them either. they needed my help today, i wanted to support them, the stock exchange is always very important in my life, but not the highest.
the highest point comes before the fall
  • #39,248
  • Sep 14, 2021 10:14pm Sep 14, 2021 10:14pm
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We obey the structure that results from the market's reaction
  • #39,249
  • Sep 15, 2021 2:54am Sep 15, 2021 2:54am
Heads up. First entry could be where R38 coincides with ADR high.
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  • #39,250
  • Sep 15, 2021 3:12am Sep 15, 2021 3:12am
Have to go out and do some work today but i am entered on AN

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  • #39,251
  • Sep 15, 2021 5:20am Sep 15, 2021 5:20am
SECOND BATCH....
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We obey the structure that results from the market's reaction
  • #39,252
  • Sep 15, 2021 7:37am Sep 15, 2021 7:37am
BAGED ANOTHER....
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We obey the structure that results from the market's reaction
  • #39,253
  • Sep 15, 2021 8:47am Sep 15, 2021 8:47am
Quoting Egbert
SECOND BATCH.... {image}
nice to see you are utilizing lessons learned here.Great Job!
In trading, you have to be defensive and aggressive at the same time
  • #39,254
  • Sep 15, 2021 8:48am Sep 15, 2021 8:48am
Great set up CJ long with +swap as bonus
In trading, you have to be defensive and aggressive at the same time
  • #39,255
  • Edited 9:49am Sep 15, 2021 9:35am | Edited 9:49am
Quoting Wags
Have to go out and do some work today but i am entered on AN {image}
I mentioned before about this pair it holds funds that can be traded somewhere else. We got NZD GDP tonight and I think MM may push this to 280-60 to plunge liquidity then unleash their longs.Basically you are early bird now.
MM usually stall before major event then spike clear stops then dusts settles opposite positions get activated.If you had done your calendar events you would of known NZD GDP tonight!
Don't blame the system when its user error.

It can still work as market can prove anyone wrong however its about increasing probability of winning trades in your favor.Its about developing healthy working consistent mindset.
In trading, you have to be defensive and aggressive at the same time
  • #39,256
  • Sep 15, 2021 10:28am Sep 15, 2021 10:28am
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the highest point comes before the fall
  • #39,257
  • Sep 15, 2021 10:43am Sep 15, 2021 10:43am
Quoting Pivoter
{image}
Don't like the pair but took the same trade. This trade looked like a strawberry to me.
  • #39,258
  • Sep 15, 2021 10:53am Sep 15, 2021 10:53am
two heads, one thought, if i'm wrong i will leave the trade. there is no security in our trade.
the highest point comes before the fall
  • #39,259
  • Sep 15, 2021 11:13am Sep 15, 2021 11:13am
Quoting Davit
{quote} I mentioned before about this pair it holds funds that can be traded somewhere else. We got NZD GDP tonight and I think MM may push this to 280-60 to plunge liquidity then unleash their longs.Basically you are early bird now. MM usually stall before major event then spike clear stops then dusts settles opposite positions get activated.If you had done your calendar events you would of known NZD GDP tonight! Don't blame the system when its user error. It can still work as market can prove anyone wrong however its about increasing probability...

Hi Davit

I have never once criticised the system

I thought i was following the rules

I am trading a pair which is on the favourite crosses to trade and not on the list of pairs that should not be traded

I like the setup at S61 rejection and broke below 1.0300 and now keeps bouncing off

I looked at calendar before entering trade and seen the news for AUD this week and NZD news and coming news

Now this next bit, I thought i had seen you take trades before news saying that its already priced in , maybe i have been mistaken on this bit of the strategy
  • #39,260
  • Sep 15, 2021 12:21pm Sep 15, 2021 12:21pm
Quoting Wags
{quote} Hi Davit I have never once criticised the system I thought i was following the rules I am trading a pair which is on the favourite crosses to trade and not on the list of pairs that should not be traded I like the setup at S61 rejection and broke below 1.0300 and now keeps bouncing off I looked at calendar before entering trade and seen the news for AUD this week and NZD news and coming news Now this next bit, I thought i had seen you take trades before news saying that its already priced in , maybe i have been mistaken on this bit...
Hi Wags
I am just giving you feedback and not applying you are criticizing the system or even if you do its all good.Trading is continuous learning process for everyone.
You are correct that I have placed trades before news and often those trades were swing trades not deep long running trend like AN.Longer pair travels one direction harder it is to swing opposite direction and when they do its usually more volatile since MM know lot of liquidity has formed on these pairs.
In case of AN should GDP print red we could see some correction but I do think right before 5min 10min before spike south to take out stops 280-260
If your positions are not big you can ride it out.
In general my point is utilize your funds on pairs that move otherwise you are missing out making money like today.Part of watching price is its behavior. PA in my book does not mean candle patterns alone.Its watching price behavior, order flow, sentiment.
regards
In trading, you have to be defensive and aggressive at the same time
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