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Pivot Trading

  • #41,721
  • Jan 29, 2023 11:36pm Jan 29, 2023 11:36pm
waiting to see what London does. AJ above 92 is fair game possible short
EC 4547 ADR High another interest of mine

my guess lot of pairs may range until big events.Love range trading
In trading, you have to be defensive and aggressive at the same time
  • #41,722
  • Jan 30, 2023 5:43am Jan 30, 2023 5:43am
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the highest point comes before the fall
  • #41,723
  • Jan 30, 2023 6:15am Jan 30, 2023 6:15am
Quoting Pivoter
{image}
closed with +70, wasn't ideal trade, very bad trade, i didn't follow the rules
the highest point comes before the fall
  • #41,724
  • Edited 7:21am Jan 30, 2023 6:17am | Edited 7:21am
Closing off last weeks trades. May or may not continue, I've hit the months target so I'm fine with it.

That being said, position sizes were smaller as I had other other AUD trades ongoing. I know the best option is to find the weakest currency and drill that down instead of going for multiple AUD pairs but my fundies skills are still in development.

Edit - I understand I could have made a bit more by exiting my trades at the next pivot and then reloaded at the bounce- but I feel my edge lies in just being patient and only exiting if I feel the trade idea is no longer valid, therefore I'll watch some trades go in profit, and then slightly against me and then back in my direction. Else I lose my edge by meddling too much.
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  • #41,725
  • Jan 30, 2023 8:55am Jan 30, 2023 8:55am
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Trades so far this month.
  • #41,726
  • Jan 30, 2023 9:06am Jan 30, 2023 9:06am
this morning a trade against the rules but now a trade by the rules :-)

visible signs of a price drop:
1 adr greater than 100%,
2. distinctive pivot points, in this case PP baseline
3. in trend direction
4. PA
5. Patience
6. MM want to make money and throw long traders out, high price peaks are supposed to fake a higher price, now some long traders have to leave the market
7. lower altitudes in m30
8. support becomes resistance
then i entered the market
9. Multiple single lots at different price levels, like a fishing net
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the highest point comes before the fall
  • #41,727
  • Jan 30, 2023 9:31am Jan 30, 2023 9:31am
EC trades closed and on going
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In trading, you have to be defensive and aggressive at the same time
  • #41,728
  • Jan 30, 2023 9:37am Jan 30, 2023 9:37am
So far today
Closed AC from last week.Glad got rid of it.
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In trading, you have to be defensive and aggressive at the same time
  • #41,729
  • Jan 30, 2023 9:42am Jan 30, 2023 9:42am
I am anticipating AJ leg down below 92 heading to 9153 ADR low
Could happen today or by friday but almost certain this week
In trading, you have to be defensive and aggressive at the same time
  • #41,730
  • Jan 30, 2023 9:44am Jan 30, 2023 9:44am
Quoting Pivoter
this morning a trade against the rules but now a trade by the rules :-) visible signs of a price drop: 1 adr greater than 100%, 2. distinctive pivot points, in this case PP baseline 3. in trend direction 4. PA 5. Patience 6. MM want to make money and throw long traders out, high price peaks are supposed to fake a higher price, now some long traders have to leave the market 7. lower altitudes in m30 8. support becomes resistance then i entered the market 9. Multiple single lots at different price levels, like a fishing net {image}
This is tricky trade that personally I would not make.Very strong up trend forming and we got ECB coming up.
I am bear on AUD
Maybe a scalping trade but wouldn't hold long

The concept of 1 directional trading I practice is solid one.Always trade in direction of bigger correction ,trend
Bigger picture this has lot more correction in store
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In trading, you have to be defensive and aggressive at the same time
  • #41,731
  • Jan 30, 2023 9:47am Jan 30, 2023 9:47am
Quoting Davit
Ich gehe davon aus, dass AJ-Bein unter 92 in Richtung 9153 ADR-Tief fällt. Könnte heute oder bis Freitag passieren, ist aber diese Woche fast sicher
could be an aggressive case
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the highest point comes before the fall
  • #41,732
  • Jan 30, 2023 9:52am Jan 30, 2023 9:52am
Quoting Pivoter
{quote} could be an aggressive case {image}
yes.Its dropping
Everyone different.
In trading, you have to be defensive and aggressive at the same time
  • #41,733
  • Jan 30, 2023 9:54am Jan 30, 2023 9:54am
EC dropping as well
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In trading, you have to be defensive and aggressive at the same time
  • #41,734
  • Jan 30, 2023 9:55am Jan 30, 2023 9:55am
Quoting Davit
{quote} ja . Es fällt ab . Jeder anders.
the highest point comes before the fall
  • #41,735
  • Jan 30, 2023 9:57am Jan 30, 2023 9:57am
closed EC will look for a bounce to maybe reload
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In trading, you have to be defensive and aggressive at the same time
  • #41,736
  • Jan 30, 2023 10:02am Jan 30, 2023 10:02am
[quote=Davit;14306378]{quote} Dies ist ein kniffliger Trade, den ich persönlich nicht eingehen würde. Es bildete sich ein sehr starker Aufwärtstrend und wir haben die EZB vor uns. Ich bin auf den AUD eingestellt. Vielleicht ein Scalping-Trade, aber er würde nicht lange halten. Das Konzept des direktionalen Handels, das ich praktiziere, ist solide. Traden Sie immer in Richtung einer größeren Korrektur, Trend Größeres Bild, dies hat viel mehr Korrektur auf Lager {image} [/ zitieren]


you are right, i only saw it in small units of time, thanks for this nice feedback, i sometimes don't see the forest in front of many trees
the highest point comes before the fall
  • #41,737
  • Jan 30, 2023 11:13am Jan 30, 2023 11:13am
Quoting Pivoter
this morning a trade against the rules but now a trade by the rules :-) visible signs of a price drop: 1 adr greater than 100%, 2. distinctive pivot points, in this case PP baseline 3. in trend direction 4. PA 5. Patience 6. MM want to make money and throw long traders out, high price peaks are supposed to fake a higher price, now some long traders have to leave the market 7. lower altitudes in m30 8. support becomes resistance then i entered the market 9. Multiple single lots at different price levels, like a fishing net
Very beautifully written. Great added value, Thx
It's not a dream. Chipsa is real!
  • #41,738
  • Jan 30, 2023 12:04pm Jan 30, 2023 12:04pm
The month of February I decided to do a little test. I will test 20 pairs + gold/silver. I start today Jan 30, 2023 (so I have a full week)

Size - 2 x 0.05
Inputs - S/R 61 - 78
TP - S/R 38
SL - S/R 138 - I'll go negative RRR - retrospect said no problem

I do not want to enter, close manually or otherwise influence the trade, if I do I will justify it.
After filling in TP or SL I will put a picture here with an explanation.

Unfortunately I can't be at the PC all day now. Based on back testing the results are interesting. We will see at the end of the month.
I understand that I can't use the potential of ADR , but the point is to test the pivot, per se.

At the same time I am looking into the possibility of making Pivots semi-automatic, not classic EA fully automatic. The rules are clearly stated here, but we'll see, there's time.
It's not a dream. Chipsa is real!
  • #41,739
  • Jan 30, 2023 12:14pm Jan 30, 2023 12:14pm
Quoting Davit
EC sinkt ebenfalls {image}
ec first sign of a falling price
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the highest point comes before the fall
  • #41,740
  • Jan 30, 2023 12:36pm Jan 30, 2023 12:36pm
Quoting Pivoter
{quote} ec first sign of a falling price {image}
I would close EC
there is no more liquidity to push price below 45

Wait later spike above 45 like 4525+ then maybe short again. Given market can prove me wrong but this is my recommended course of action.

I am flat on EC
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In trading, you have to be defensive and aggressive at the same time
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