Pivot Trading

I'll be looking for lots of long opportunities here.

18% in a week. You’re killing it!

Hey Traders , THIS IS AN EXCELLENT CHART OF EGBERT'S TRADE.

Did you notice the IDENTIFICATION of an average CONSOLIDATION PRICE LEVEL ?
Then , the PATIENCE , PURE PATIENCE , TO WAIT UNTIL THE UPWARD MOMENTUM EXHAUSTION OCCURRED ?
Then , BAM !!! , a sell position at a PERFECT PRICE ACTION LEVEL !!!!

There is a TON OF IMPORTANT INFORMATION IN THIS PARTICULAR CHART !!!!!
STUDY IT , AGAIN AND AGAIN !!!!

WATCH EGBERT , THE INDIVIDUAL IS A MASTER TRADER IN MY OPINION.
PATIENCE , is a skill that MUST BE PROGRAMMED INTO YOUR TRADING MINDSET IN ORDER TO MAKE MONEY CONSISTENTLY OVER A SERIES OF TRADES.
One of the BEST CHARTS to study.

Regards ,
GE

hi, can you or @Egbert explain better the PA/analisy behind this entry in the chart? I have difficulties to identify what made him to enter short, even if the time and price were perfect, but only for 2 hours, then for the next of the week and week after, price still rised.
I'm sure Egbert is an Experienced and a very good trader, i studied his old charts...i only don't understand this, and I would like clarification please. Thanks

@emporos
don't get fooled by greenearth, there is nothing special about this trade.
egbert only put the odds of this trade in his favor by doing what greenearth already pointed out (r61, near ADR high...)
the perfect timing only relates to posting a screenshot of his chart at the time the gain of his trade looked nice...
(as you pointed out in this example the timewindow was extremely small)
we cannot influence the outcome of a trade, only putting the odds in our favor..
every trade no matter how perfect it looks can go against you... important part is how you manage the trade if you are wrong..
and because we do not have a follow up by egbert how he concluded his trade, we can only speculate...

the part to emulate from egbert is to take the trade when the odds are in your favor (pivot method) without second guessing it and be consistent with it..
this is what greenearth admires about egbert..

kind regards

S - Ecad
Price @ R100, nice trade

My first trade with this system
Stop loss: Swing high + 1 ATR
TP: move to BE at 1:1, exit 75% at relevant structure (looking left) and let the rest run (to next pivot level and beyond)

https://www.tradingview.com/x/ZfmH4Z0v

Vamos lá, vamos...

Hi guys just dropped to say hello
Glad lot of you doing well!
Just a reminder in my view Price Action IS NOT only about candle patterns.
To me its about overall fundamentals,market sentiment,Calendar important events,key S/R's usually around pivot levels.

What I mean overall fundamentals?
I saw a guy on UC thread posting trades multiple buys all the way to 1.40 SL 135 needless to say he got kicked out of his trades... while my trades were all shorts and collected nice profits. Recently Saudis announced output cut and crude likely to go higher again with it CAD gaining hence overall sentiment is not selling the CAD but Buying the CAD. Crude price confluence on CAD is important.
Trading is multitasking you got to see the overall big picture then zero in to kill.
Go over the events every week! Ignorance is not an EDGE!
cheers

Hi all,
fib pivot for mt5 traders with S&R upto 200

Beautiful

Hi guys just dropped to say hello Glad lot of you doing well! Just a reminder in my view Price Action IS NOT only about candle patterns. To me its about overall fundamentals,market sentiment,Calendar important events,key S/R's usually around pivot levels. What I mean overall fundamentals? I saw a guy on UC thread posting trades multiple buys all the way to 1.40 SL 135 needless to say he got kicked out of his trades... while my trades were all shorts and collected nice profits. Recently Saudis announced output cut and crude likely to go higher again with it CAD gaining hence overall sentiment is not selling the CAD but Buying the CAD. Crude price confluence on CAD is important. Trading is multitasking you got to see the overall big picture then zero in to kill. Go over the events every week! Ignorance is not an EDGE! cheers[/quote]

Hey Davit , so glad to "hear" from you again. Traders , the above "golden nugget" is soooo appropriate to Forex Trading.

Furthermore , Traders , if you FEEL that you are totally out of sync with your trades lately , I strongly encourage you all to watch Part 3 of Mark Douglas's YouTube Video , "TRADING IN THE ZONE VIDEO WORKSHOP". When you REALLY GET IT , what MD is teaching in this segment , and it is critical , and then you combine the "golden nuggets" that DAVIT has taught many of us , YOU WILL EXECUTE YOUR TRADES IN AN ENTIRELY DIFFERENT MANNER-- IF--you are currently having difficulties with your trades. The reason for this is because you will now "see the Market" through an entirely different lens.
Green Pips To All ,
GE

TP hit finally after 1 month,
weaker than expected US CPI #s helped.

Now looking for (risky) short scalps above 0.669x

.

usdchf crashed trough s200

My results for the month so far.. disappointing when considering the opportunities.

Gold would have yielded some nice results.

audcad looks nice

Lots of great opportunities today.Pivots working on point cross most pairs.
Reminder if you are not sure about USD trade crosses please.
My focus was GC today and I hit the crap out of it

Still lot left for the month and you are doing fine

Short at R38 closed at ADR low