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Pivot Trading

  • #40,301
  • Jan 18, 2022 10:15am Jan 18, 2022 10:15am
Quoting Tiago_RS5
Loaded a few longs on NC between S61-S78 zone. Tracking to load longs also on AC GC, both currently at S100. Keep in mind these news for tomorrow. {image}
In and out. Then when opportunity presents, repeat.
No open trades, but watching to reload on both.
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EC also worth watch to load longs!
"In the end you only trade yourself."
  • #40,302
  • Jan 18, 2022 4:59pm Jan 18, 2022 4:59pm
EUR/CAD
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  • #40,303
  • Jan 19, 2022 5:15am Jan 19, 2022 5:15am
Quoting Tiago_RS5
{quote} In and out. Then when opportunity presents, repeat. No open trades, but watching to reload on both. {image}EC also worth watch to load longs!
Closed EC +183 and another batch on NC +128
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Both closed at pre London open.
Looking to reload on EC, waiting for PA.

Later today we have CAD news, red here may favor CAD shorts.
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EG worth put on watchlist as well for longs.
"In the end you only trade yourself."
  • #40,304
  • Jan 19, 2022 6:47am Jan 19, 2022 6:47am
Quoting Tiago_RS5
{quote} Closed EC +183 and another batch on NC +128 {image}Both closed at pre London open. Looking to reload on EC, waiting for PA. Later today we have CAD news, red here may favor CAD shorts. {image} EG worth put on watchlist as well for longs.
Tiago,

can I ask you please how the net pips are calculated in your results table? If I look at EUR/CAD it had gained around 55 pips (from around 3am to 8am UCT+1). Even if you are scalping every small twist in the price, it is impossible to get +183 pips in one day....

I am not challenging your skills, just want to understand what I am missing here.

Thanks!
  • #40,305
  • Jan 19, 2022 8:22am Jan 19, 2022 8:22am
Quoting Tiago_RS5
{quote} Closed EC +183 and another batch on NC +128 {image}Both closed at pre London open. Looking to reload on EC, waiting for PA. Later today we have CAD news, red here may favor CAD shorts. {image} EG worth put on watchlist as well for longs.
Closed another batch on EC +114
Not a lot of pips, but in the other hand, I put some larger lots on this.
Attached Image

I also bought EG on S78 and sold at S61, some free money.
Watching to reload.

Quoting Linktind
{quote} Tiago, can I ask you please how the net pips are calculated in your results table? If I look at EUR/CAD it had gained around 55 pips (from around 3am to 8am UCT+1). Even if you are scalping every small twist in the price, it is impossible to get +183 pips in one day.... I am not challenging your skills, just want to understand what I am missing here. Thanks!
Hi,
My average pip gain is actually 18 pips per position (10x) on this trade.

Cheers!
"In the end you only trade yourself."
  • #40,306
  • Jan 19, 2022 8:22am Jan 19, 2022 8:22am
Quoting Linktind
{quote} Tiago, can I ask you please how the net pips are calculated in your results table? If I look at EUR/CAD it had gained around 55 pips (from around 3am to 8am UCT+1). Even if you are scalping every small twist in the price, it is impossible to get +183 pips in one day.... I am not challenging your skills, just want to understand what I am missing here. Thanks!
Multiple entries pile up pips my friend. One trade can have multiple entries, so if the pair moves 30 pips in one leg, but I have 3 positions and I catch the whole leg with all 3; then I pile up 90 pips
Hard Work, Dedication and Faith
  • #40,307
  • Jan 19, 2022 8:27am Jan 19, 2022 8:27am
Hi Traders , obviously by the look of the USD/CAD reaction to the CPI Data for Canada , it was already priced in to the market.
Traders who were short were stung , probably because they were focused too much on the price of oil.
Finally , S38 has been a difficult level for traders to break on a sustained basis.
As DAVIT taught us , PA is always "KING" along with fundamentals.
Don't just look at key levels on charts . STUDY them until YOU UNDERSTAND WHAT PA IS DOING WHICH WILL TELL YOU WHAT THE CONVICTION OF THE TRADERS AT THAT TIME IS.
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #40,308
  • Jan 19, 2022 9:16am Jan 19, 2022 9:16am
Quoting KonohaFx
{quote} Multiple entries pile up pips my friend. One trade can have multiple entries, so if the pair moves 30 pips in one leg, but I have 3 positions and I catch the whole leg with all 3; then I pile up 90 pips
Sure. Can you explain a logic how do you approach multiple entries? E.g. you entering with small positions and wider stops at the area of interest and then adding more aggressively with tighter stops once price is moving in your direction? Is there a good source to read to get more familiar with the multiple entries.

I got the whole concept of averaging the entry price, but I would be more interested in the technics that guys utilize here.
  • #40,309
  • Jan 19, 2022 9:24am Jan 19, 2022 9:24am
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the highest point comes before the fall
  • #40,310
  • Jan 19, 2022 9:51am Jan 19, 2022 9:51am
Quoting Linktind
{quote} Sure. Can you explain a logic how do you approach multiple entries? E.g. you entering with small positions and wider stops at the area of interest and then adding more aggressively with tighter stops once price is moving in your direction? Is there a good source to read to get more familiar with the multiple entries. I got the whole concept of averaging the entry price, but I would be more interested in the technics that guys utilize here.
https://www.forexfactory.com/attachm...506534393check this out, should cover everything regarding this strat
Hard Work, Dedication and Faith
  • #40,311
  • Jan 19, 2022 1:38pm Jan 19, 2022 1:38pm
all positions closed
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the highest point comes before the fall
  • #40,312
  • Jan 19, 2022 3:17pm Jan 19, 2022 3:17pm
refilled again
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the highest point comes before the fall
  • #40,313
  • Jan 20, 2022 11:35am Jan 20, 2022 11:35am
Watchlist
EG
EJ
the highest point comes before the fall
  • #40,314
  • Jan 20, 2022 2:15pm Jan 20, 2022 2:15pm
Short GJ
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the highest point comes before the fall
  • #40,315
  • Jan 20, 2022 2:44pm Jan 20, 2022 2:44pm
trade closed
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the highest point comes before the fall
  • #40,316
  • Jan 22, 2022 4:08pm Jan 22, 2022 4:08pm
What is the potential of US30?
Last week touched 200% and close to monthly 61%?
  • #40,317
  • Jan 23, 2022 7:01pm Jan 23, 2022 7:01pm
Re: Pivots, I am fiddling around with formulae for Pivots on 4 hrly. I just discovered some strange confluence in turning points on charts, with the right formulae and time zone. Not sure if anyone else noticed the same for 4 hr pivots
  • #40,318
  • Jan 24, 2022 5:36am Jan 24, 2022 5:36am
NJ currently at support. No related news on the calendar, might be a good buy.
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  • #40,319
  • Jan 24, 2022 10:20am Jan 24, 2022 10:20am
Tracking EUR crosses for shorts.
Specially EG currently at R78 zone and EA at R61 zone.

Later we have AU Inflation data, green here may help AUD longs.
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Busy week ahead!
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"In the end you only trade yourself."
  • #40,320
  • Jan 24, 2022 12:23pm Jan 24, 2022 12:23pm
Quoting Tiago_RS5
Tracking EUR crosses for shorts. Specially EG currently at R78 zone and EA at R61 zone. Later we have AU Inflation data, green here may help AUD longs. {image} Busy week ahead! {image}
Closed EA +172
Watching to reload.
Attached Image

Opportunities everywhere!
"In the end you only trade yourself."
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