Pivot Trading

Quoting lipopos

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{quote}

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Quoting Davit

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Pivots worked beautifully across most pairs.Opportunities abundant

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Quoting Davit

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{quote} Just want to add read (search thread function)Events. Its critical you understand how that effects price.Pivots are NOT set in stone they do break but your job should be knowing reasonably why that may occur based on Event's impact. I always said and will say again Trading is NOT only technical but fundamental as well.Forces that drive price up or down go beyond technical.Its gonna take you minimum 5yrs before you really understand it. Good luck

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Quoting John Chipsa

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Both absolutely exemplary entries, unfortunately my MM and risk management did not allow me to open other positions... So another time {image} {image}

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Quoting smd101

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{quote} I try to avoid GA, following the Davit rule of hyper pair. Davit mention in the first post: Pairs don't recommend GN GJ GA all variations of CHF should be avoided. Hyper pairs like I mentioned are in my experience don't fall into position building well and if got it wrong can be account draining.Ironically where lots of noobs get killed.I seriously think if you don't have solid experience and know what you are doing you should not even have GJ GN GA on your charts.

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Quoting pipmaster77

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{quote} They can be traded, GA actually respects pivots pretty well. I simply adjust the size and use wider stops and targets. When building a "position", my first entry say at R or S 61, I usually set stop at 2 x ADR, however, sometimes that R or S 61 may already be close to or beyond 1x ADR, so you may use tighter stops. Then simply adjust size to the % of account you are willing to risk......if you are position building with 5 trades with total risk on position 2% for example, each trade would be 0.4%. If trade remains valid as price moves against...

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Quoting nittohanns

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{image}

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Quoting erlas7

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Opened today {image}

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Quoting toshio

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EURCAD, could have held longer? Didn't wanna risk it, take what the market gives is what I told myself before closing {image}

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