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Pivot Trading

  • #39,541
  • Sep 29, 2021 2:59pm Sep 29, 2021 2:59pm
Quoting KonohaFx
Love EG. one of best pairs to trade pivots. Took profit before london open last night and closed this morning's trade after price bounced from R78. Looking to re-enter, watching PA closely. more pips {image}
Update: took another position on EG and closed at R78 again. Tried to sell pullback on UJ but momentum of USD is still too strong, got out for a small profit.
Done for the day.
Lets get these pips

Need to work on staying in trades for longer like Egbert and Davit. One day il get it.
Attached Image
Hard Work, Dedication and Faith
  • #39,542
  • Sep 29, 2021 3:32pm Sep 29, 2021 3:32pm
Quoting KonohaFx
{quote} Update: took another position on EG and closed at R78 again. Tried to sell pullback on UJ but momentum of USD is still too strong, got out for a small profit. Done for the day. Lets get these pips Need to work on staying in trades for longer like Egbert and Davit. One day il get it. {image}

Nice one

Some reversals are coming on EU and UJ soon
  • #39,543
  • Sep 29, 2021 7:27pm Sep 29, 2021 7:27pm
Quoting KonohaFx
{quote} Update: took another position on EG and closed at R78 again. Tried to sell pullback on UJ but momentum of USD is still too strong, got out for a small profit. Done for the day. Lets get these pips Need to work on staying in trades for longer like Egbert and Davit. One day il get it. {image}
In trading, you have to be defensive and aggressive at the same time
  • #39,544
  • Sep 29, 2021 7:29pm Sep 29, 2021 7:29pm
Looks like MM have their CAD algos on buy mode until Friday.Every tiny up gets driven back
EU managed 3 pips up in 6hrstalk about robots controlling price
I cant recall last time it was this bad.Total USD dominance
In trading, you have to be defensive and aggressive at the same time
  • #39,545
  • Sep 29, 2021 7:41pm Sep 29, 2021 7:41pm
Excellent!

Well done.


Quoting Egbert
{image}
FD
  • #39,546
  • Sep 30, 2021 2:19am Sep 30, 2021 2:19am
Quoting Davit
{quote} Its expected some time to get acquitted with new system and trying out minimum 3months before deciding if it does not suit you.You already mentioned your entries were not ideal and frustrated.Could be lot size too big and basically not knowing what you are doing. Good luck whatever you try.
Yeah davit sorry for late response,

It could be me doing some mistakes or trying to force myself to have the same result of other traders here .

With that said I still keep using fibo pivots as refrence and a back up to my desigions when there is rejection to S/R levels.


Fibonnaci sequence and strategies are mostly respected by markets and never dissapoint me in trading.
  • #39,547
  • Sep 30, 2021 2:36am Sep 30, 2021 2:36am
Quoting Davit
Looks like MM have their CAD algos on buy mode until Friday.Every tiny up gets driven back EU managed 3 pips up in 6hrstalk about robots controlling price I cant recall last time it was this bad.Total USD dominance

I'm in GBPCAD. I'm not the best with fundamentals, but really can't fathom why £ is getting hammered so hard? We've got shortages of drives for delivering oil so there's panic buying, but it isn't as bad as everyone's making out and should be back to normal in no time..
  • #39,548
  • Sep 30, 2021 2:49am Sep 30, 2021 2:49am
Quoting esk1mooo
{quote} I'm in GBPCAD. I'm not the best with fundamentals, but really can't fathom why £ is getting hammered so hard? We've got shortages of drives for delivering oil so there's panic buying, but it isn't as bad as everyone's making out and should be back to normal in no time..

Looking at daily charts GBP looks really bearish
  • #39,549
  • Sep 30, 2021 3:00am Sep 30, 2021 3:00am
Pretty sure that USD will come stronger this week
  • #39,550
  • Sep 30, 2021 4:43am Sep 30, 2021 4:43am
EG trades.. working so well so far
Attached Image (click to enlarge)
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Jakepuia
  • #39,551
  • Sep 30, 2021 7:07am Sep 30, 2021 7:07am
Fed Chair Powell Testifies 10am
We could see some profit taking and USD decline
GU longs look good ATM

Possible he might talk down the USD since since he spoke hint tapering USD has been killing.
In trading, you have to be defensive and aggressive at the same time
  • #39,552
  • Sep 30, 2021 7:27am Sep 30, 2021 7:27am
Woke up to see my EG trade stopped out for a small profit - maybe too eager to move my stop before going to bed. Should have given it some more room.


Attached Image (click to enlarge)
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FD
  • #39,553
  • Sep 30, 2021 7:48am Sep 30, 2021 7:48am
Holee! Love to see it!

Rolling in pips! Studying and practicing in hopes of achieving these results eventually!

Quoting Jakepuia
EG trades.. working so well so far {image}
FD
  • #39,554
  • Sep 30, 2021 7:56am Sep 30, 2021 7:56am
News looks +ve for Euro. Looking to see if 15 pips are available here.

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FD
  • #39,555
  • Sep 30, 2021 8:04am Sep 30, 2021 8:04am
Quoting R61
{quote} Loaded on GC {image}
Partially closed GC +550
Attached Image
Closed CJ short trade as a loss, mainly because price was ranging and I need margin to use on other better trades: NC GC (still holding).
"In the end you only trade yourself."
  • #39,556
  • Sep 30, 2021 8:24am Sep 30, 2021 8:24am
Quoting kin78
News looks +ve for Euro. Looking to see if 15 pips are available here. {image} {image}
Look at page 1 of this thread, Davit explains using smaller lots and entering in increments. This allows you to have better entries and wider room for a stop loss. Its a game changer. Im still learning myself but try it out
Hard Work, Dedication and Faith
  • #39,557
  • Sep 30, 2021 8:36am Sep 30, 2021 8:36am
Quoting KonohaFx
{quote} Look at page 1 of this thread, Davit explains using smaller lots and entering in increments. This allows you to have better entries and wider room for a stop loss. Its a game changer. Im still learning myself but try it out
Thanks for the reminder Konoha.

To be honest, not sticking to that rule is the main reason why my trades weren't more profitable. A learning day that's just another step on the journey to long term profitability.

Cheers!

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FD
  • #39,558
  • Sep 30, 2021 8:41am Sep 30, 2021 8:41am
There is no rush to get out on NC
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"In the end you only trade yourself."
  • #39,559
  • Sep 30, 2021 10:18am Sep 30, 2021 10:18am
Quoting R61
There is no rush to get out on NC {image}
Stop run and higher me thinks..
  • #39,560
  • Sep 30, 2021 10:32am Sep 30, 2021 10:32am
This is a version of the TMS Angleator that is very light loading, almost instant.

It does not need TDI-RT-Clone as a copy of the calculation from RT-Clone are already included. Instead of loading data for max bars in history it only loads history that is needed. So much lighter in resources. It gives exactly the same results as the version of angleator I modified.

Attached File(s)
File Type: ex4 TMS_AngleatorV3RT2-Nigpig.ex4   40 KB | 821 downloads
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