Pivot Trading | Page 1992 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Open Trade near Pivot line (Pivot Point) 16 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

  • #39,821
  • Oct 21, 2021 1:29pm Oct 21, 2021 1:29pm
EN possible retrace to end of this spike

When trading swings never buy the top after the move and never sell bottom either.Wait for MM to take TP deflate the position then get in on discount
That's what they do.I am just replicating it myself. Latest one dimensional commodity rally is anomaly created artificially by OPEC Its not the norm but exception.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM1.png Size: 44 KB
In trading, you have to be defensive and aggressive at the same time
  • #39,822
  • Oct 21, 2021 11:26pm Oct 21, 2021 11:26pm
Inserted Video

Armenian folk song
In trading, you have to be defensive and aggressive at the same time
  • #39,823
  • Oct 21, 2021 11:42pm Oct 21, 2021 11:42pm
feel free to post music that inspires you in down times.I like discovering new music! My interest in music goes from classical to rock jazz folk you name it I listen....
In trading, you have to be defensive and aggressive at the same time
  • #39,824
  • Oct 21, 2021 11:52pm Oct 21, 2021 11:52pm
this song by U2 is one of under the radar gems
Came in 80's early album.Its intense emotional profound and music and singing sublime.This is before auto tune and gizmos
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #39,825
  • Oct 22, 2021 12:26am Oct 22, 2021 12:26am
Quoting Wags
Here are my current trades , some entered last week and some this week I have closed a few for small profit and a few hit my SL as im keeping it quite tight I apologise for the SL and single entries atm as normally i would be entering multiple times per traded pair Tempted to add another position to EG though {image} {image} {image} {image} {image} {image}
Hi Wags, I don't remember if we have ever spoken. Long story short, you are a serious retail trader, and I respect that publicly. You mentioned that you keep your stops tight. I was wondering how you felt about moving your stop just outside the R100 S100 zone. You could reduce your position size to accommodate your risk, and also have your stop far away enough to know when you are definitely wrong.

My logic is that between 61 and 100 we should be looking for price action reversals. My experience tells me this can happen a lot in this zone. We are only wrong if price breaks and closes above/below 100. Then we know we are in a strong trend if not a parabolic market. I wanted to chime in because I was concerned about death from 1000 small cuts.

Disclaimer: I am not a professional. Do not follow any of my advice, ever.

Davit, obviously, any corrections are welcome to my post.
If you are good at something, never do it for free--Joker
  • #39,826
  • Edited 6:41am Oct 22, 2021 5:21am | Edited 6:41am
Quoting jmn5611
{quote} Hi Wags, I don't remember if we have ever spoken. Long story short, you are a serious retail trader, and I respect that publicly. You mentioned that you keep your stops tight. I was wondering how you felt about moving your stop just outside the R100 S100 zone. You could reduce your position size to accommodate your risk, and also have your stop far away enough to know when you are definitely wrong. My logic is that between 61 and 100 we should be looking for price action reversals. My experience tells me this...

Hi jmn

I am not sure if we have spoken before but anyway thank you for your kind words

Yes that would be my ideal situation to run bigger stops and reduce size a bit

On this account i have an account profit target , daily loss , max loss and a time limit haha or i would not be battering my head against a brick wall with the tight stops so im trying tio get the balance right for this at the moment as i do not care if it takes me a few times to get this as i will have a decent system in place

I know i could keep trialing this on demo but i feel the few £££ lost will be worth it to get the discipline and system needed

Paul
  • #39,827
  • Edited 6:35am Oct 22, 2021 6:10am | Edited 6:35am
Nice breakout in AUD/NZD today with a trio of bullish winds.

- Evergrande debt payment/ (potential) bottoming of chinese tech stock market.
- Reopening of economy/removal of lockdowns
- High metal/coal prices.

Big risk going forwards is whether evergrande can continue to pay its creditors. See what happens at W S1.

Chinese property behemoth finds funds to avert default for now - source | Reuters
  • #39,828
  • Oct 22, 2021 7:47am Oct 22, 2021 7:47am
Was long on EN closed in profit. (in retrospect got out bit early)
Now long on UC with bigger position
In trading, you have to be defensive and aggressive at the same time
  • #39,829
  • Edited 12:18pm Oct 22, 2021 8:13am | Edited 12:18pm
Andre and Helene !

Quote
https://www.youtube.com/watch?v=ujw-wUTM8bE

Enjoy and Green Pips !

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #39,830
  • Oct 22, 2021 9:55am Oct 22, 2021 9:55am
closing for the week with decent gain for the day. Need to work hard coming weeks to take back my loans to the market.

Should've stayed in UC, I talked myelf out of it, as I was already in two other CAD pairs shorting.
Attached Image (click to enlarge)
Click to Enlarge Name: FF daily.png Size: 17 KB
Hard Work, Dedication and Faith
  • #39,831
  • Oct 22, 2021 11:03am Oct 22, 2021 11:03am
beautiful day of trading today.
CJ was mistake to get out early.To be honest was trading from phone (out running)and could not see the PA properly and same reason UC long got out early as well.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 10 KB
In trading, you have to be defensive and aggressive at the same time
  • #39,832
  • Oct 22, 2021 11:10am Oct 22, 2021 11:10am
Quoting Davit
beautiful day of trading today. CJ was mistake to get out early.To be honest was trading from phone (out running)and could not see the PA properly and same reason UC long got out early as well. {image}

Nice one , have a great weekend

I am off down the local pub tonight havent been down for months so will be having a few west country ciders
  • #39,833
  • Edited 11:21am Oct 22, 2021 11:10am | Edited 11:21am
Quoting KonohaFx
closing for the week with decent gain for the day. Need to work hard coming weeks to take back my loans to the market. Should've stayed in UC, I talked myelf out of it, as I was already in two other CAD pairs shorting. {image}
Ton of corrections left on UC EC EA EN so wait for them to deflate and continue north in waves
today too late next week get ready
In trading, you have to be defensive and aggressive at the same time
  • #39,834
  • Edited 12:19pm Oct 22, 2021 11:51am | Edited 12:19pm
My very most favorite Opera International song ever by Andre and Helene !

Quote
https://www.youtube.com/watch?v=VnIYg5C-W-k

Have a great weekend Fellow Pivoters !

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #39,835
  • Oct 22, 2021 1:18pm Oct 22, 2021 1:18pm
Quoting Davit
{quote} Ton of corrections left on UC EC EA EN so wait for them to deflate and continue north in waves today too late next week get ready
Thats the plan, will look to get in on these ranging pairs next week.

Not my best trading days mentally this week due to the crazy moves the market has been doing lately.

Lets get these pips next week
Hard Work, Dedication and Faith
  • #39,836
  • Oct 22, 2021 1:35pm Oct 22, 2021 1:35pm
Picture perfect ADR start to finish
Why you should always be aware of.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 57 KB
In trading, you have to be defensive and aggressive at the same time
  • #39,837
  • Oct 22, 2021 2:02pm Oct 22, 2021 2:02pm
Quoting Davit
Picture perfect ADR start to finish Why you should always be aware of. {image}
Truly is amazing, it's actually an entire additional component to this system for both entries and exits.
  • #39,838
  • Oct 22, 2021 2:25pm Oct 22, 2021 2:25pm
Davit,
having read virtually your entire thread for the past couple of years and been keeping myself updated on it every day, I feel the need to express my gratitude here publicly.

Time and time again I've seen this system and your teachings keep being true and helpful to many of us.
Just by reading this thread one can accumulate so much knowledge that would never be found in trading books and 'gurus' out there. And not just on trading, but insights on life in general.

What you're sharing and teaching here is gold. Many times people have been discouraging with their amateurish behavior and lousiness. But that hasn't stopped you from sharing. A free spirit, generous and helpful towards people who seek it and are willing to put the time and energy and learn thoroughly.

All the best,
Moein
When there's a will, there's a way.
  • #39,839
  • Oct 22, 2021 4:03pm Oct 22, 2021 4:03pm
Got in and out pretty quickly on this one.
Attached Image (click to enlarge)
Click to Enlarge Name: 3dd3e3f414eb74d8926334ff92bb37cb.png Size: 155 KB
  • #39,840
  • Oct 22, 2021 8:55pm Oct 22, 2021 8:55pm
Just my opinion but the most obvious area for Crude. I honestly can't see it pulling up until it gets there.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2021-10-23_11-48-47.png Size: 177 KB
Click to Enlarge Name: 2021-10-16_06-04-21.png Size: 245 KB
37 traders viewing now, 1 is registered:
kleyfernando