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Pivot Trading

  • #39,621
  • Oct 1, 2021 6:21am Oct 1, 2021 6:21am
Closed 2nd batch on GC +790
Booked some profits in order to free some margin and maybe reload if CAD gain prior to today's news.
Attached Image
Still have GC NC longs on.
"In the end you only trade yourself."
  • #39,622
  • Oct 1, 2021 6:24am Oct 1, 2021 6:24am
Quoting R61
Closed 2nd batch on GC +790 Booked some profits in order to free some margin and maybe reload if CAD gain prior to today's news. {image} Still have GC NC longs on.
Awesome trading as always You practically mastered Pivot trading implementing concepts like reloading ,PA ,News! Excellent!
In trading, you have to be defensive and aggressive at the same time
  • #39,623
  • Oct 1, 2021 6:30am Oct 1, 2021 6:30am
Quoting dobrakaloria
{quote} OMG this charts looks like Pablo Picasso arts... Jesus...
I'm sure your are not a bad bloke even commenting on something silly as this. A lot of new traders get some high egos and say silly things! we can all go through this as we are learning.

But in the future, unless you have some positive feedback or constructive criticism I would keep mostly quiet and learn.

All the best though buddy and good luck with your trading.
  • #39,624
  • Oct 1, 2021 6:44am Oct 1, 2021 6:44am
I am anticipating AU to drop soon which could trigger crosses like EA to go up
Remember crosses mostly controlled by majors
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 43 KB
In trading, you have to be defensive and aggressive at the same time
  • #39,625
  • Oct 1, 2021 6:57am Oct 1, 2021 6:57am
some indicators are not loading on my MetaTrader
without any error on the journal

any suggestion for that?
  • #39,626
  • Oct 1, 2021 6:57am Oct 1, 2021 6:57am
Quoting esk1mooo
{quote} Tricky isn't it. I closed out my trades at 0.85800, original intention was to leave until s61 as I think it'll continue to where the move originated from. Thankfully I pulled out just before it retraced...as I would have kicked myself, but...then the reload and could have milked it further. Edit: Currently long NC & EU. Although I want to be out of EU, fed up of this pair currently.

Yes it can be, This is one of the reasons it is advanced trading even though its a simple template and a simple strategy on the face of it , underneath is the mechanics for success lol

I have a problem with entering on a retrace which doesnt go back to origin of my previous entry at the moment
  • #39,627
  • Oct 1, 2021 7:05am Oct 1, 2021 7:05am
Buying EA and EN

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 70 KB
  • #39,628
  • Oct 1, 2021 7:09am Oct 1, 2021 7:09am
Quoting squawk
{quote} Nice Trade Wags. The pricing set back into March, April 2020 is the 103 support. NZ announces Interest Rate next Wednesday so find it hard for Aussie to stay at this level before that announcement but who knows they could be the first to start raising rates. I have missed a few runs getting out of this pair waiting for the back. {image} {image}

Thanks Squawk

Might be heading back to March 2020 area buy looking at daily chart
  • #39,629
  • Oct 1, 2021 7:13am Oct 1, 2021 7:13am
Lets see what CAD GDP prints
nice red number great for CAD bears at 8.30
If CAD falls it will have effect on AUD as well
AU had nice run up bolstered by China announcing buying coal crude "at all cost" seems suspicious statement another of market manipulation.Nobody buys anything for any cost there is such a thing called too high.
In trading, you have to be defensive and aggressive at the same time
  • #39,630
  • Oct 1, 2021 7:19am Oct 1, 2021 7:19am
Quoting Davit
Trades closed so far today. decent Could of stayed longer on GU and GC but honestly erratic sharp moves this week spooked me last thing I want give back pips to market. Pull back on GC would be nice to reload {image}

Nice results again
  • #39,631
  • Oct 1, 2021 7:24am Oct 1, 2021 7:24am
Quoting R61
Closed 2nd batch on GC +790 Booked some profits in order to free some margin and maybe reload if CAD gain prior to today's news. {image}Still have GC NC longs on.

Quality as always
  • #39,632
  • Oct 1, 2021 7:35am Oct 1, 2021 7:35am
Quoting Wags
{quote} Nice results again
thank you its little better now
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 12 KB
In trading, you have to be defensive and aggressive at the same time
  • #39,633
  • Oct 1, 2021 8:09am Oct 1, 2021 8:09am
Quoting R61
Closed 2nd batch on GC +790 Booked some profits in order to free some margin and maybe reload if CAD gain prior to today's news. {image}Still have GC NC longs on.
Closed GC NC
Attached Image
I was inclined to hold NC trade over the weekend, but looking to next week calendar, we have OPEC Meetings and NZD Rate decision, and I think the chance to reload is very possible, so I took what market offered my today. And last, NC already reached max ADR and it is friday...
"In the end you only trade yourself."
  • #39,634
  • Oct 1, 2021 8:16am Oct 1, 2021 8:16am
Great results as usual Davit.

Seeking your advice on this setup from a couple days ago.

Do you advise on entering a sell in instance where price comes up to an S (61/78) level as a rule (with news etc) or would it be advisable only as a continuation trade?


Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADH1.png Size: 61 KB

Cheers!
FD
  • #39,635
  • Edited 8:43am Oct 1, 2021 8:30am | Edited 8:43am
Quoting kin78
Great results as usual Davit. Seeking your advice on this setup from a couple days ago. Do you advise on entering a sell in instance where price comes up to an S (61/78) level as a rule (with news etc) or would it be advisable only as a continuation trade? {image} Cheers!
As a general rule never sell at S 61-100 and never buy R61-100R
That's because these are swing turn around levels. Hope this helps
Look at EN to get an idea

This weeks PA has been extreme but its not the norm

It does say at 1st page I require 2yrs trading experience to be here.Please respect that.Its advance trading.There are other systems that may suit you better.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH1.png Size: 49 KB
In trading, you have to be defensive and aggressive at the same time
  • #39,636
  • Oct 1, 2021 10:51am Oct 1, 2021 10:51am
Closed trades so far for the week
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  • #39,637
  • Oct 1, 2021 11:34am Oct 1, 2021 11:34am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,082 Posts | Online Now
Done for the week
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: NZDCAD.M30.png Size: 39 KB
We obey the structure that results from the market's reaction
  • #39,638
  • Oct 1, 2021 11:57am Oct 1, 2021 11:57am
Quoting Davit
{quote} As a general rule never sell at S 61-100 and never buy R61-100R That's because these are swing turn around levels. Hope this helps Look at EN to get an idea This weeks PA has been extreme but its not the norm It does say at 1st page I require 2yrs trading experience to be here.Please respect that.Its advance trading.There are other systems that may suit you better. {image}
Thank you for the response Davit.

The reinforcement is always appreciated.


Cheers!
FD
  • #39,639
  • Oct 1, 2021 12:10pm Oct 1, 2021 12:10pm
Dropped a few points in P&L but ending the week positive.

Utilized layering recommendation into last few trades.
Will be integrating ADR and it into SL placements and entries going forward.


A very good strategy for which much thanks is due to Davit!


Attached Image (click to enlarge)
Click to Enlarge Name: 27d93059cc0da89c165fc799ff8f858a.png Size: 17 KB

Cheers!
FD
  • #39,640
  • Oct 1, 2021 8:45pm Oct 1, 2021 8:45pm
I want to say despite of very challenging week lot of you showed positive week and showed restrain and good PA reading.Congrats!
If you can make money on most challenging weeks you can make twice or more money on regular weeks.This game is not easy but surviving and even making money on extreme swings is not easy and I am impressed!
Well done Pivoters!
In trading, you have to be defensive and aggressive at the same time
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