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Pivot Trading

  • #41,841
  • Feb 2, 2023 6:49am Feb 2, 2023 6:49am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,089 Posts | Online Now
Done for today,
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We obey the structure that results from the market's reaction
  • #41,842
  • Feb 2, 2023 7:13am Feb 2, 2023 7:13am
more closed
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the highest point comes before the fall
  • #41,843
  • Feb 2, 2023 7:26am Feb 2, 2023 7:26am
Nice to be here...
  • #41,844
  • Feb 2, 2023 7:36am Feb 2, 2023 7:36am
Quoting Egbert
Done for today,
it shows dd of 122%? how is it possible?
kind regards!
Muni loves you all!
  • #41,845
  • Feb 2, 2023 7:40am Feb 2, 2023 7:40am
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also closed. went into a deeper DD than I like. I could have placed tight stops on EU open trades early on, then sold at R161 for a better green pip take. I was already in and not awake during the rate news. USD was oversold though. Even though FED has begun to tighten, the job market is still strong and comments from Powell were somewhat hawkish yesterday. I felt the market would respond to that after ECB rate announcement. So LaGuarde says only that the 'growth will remain weak'... The EU pivots levels were also excellent for an entry short. And I hate to admit, but there was a prayer in there too. I know that's not objective trading but something I am working on.
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  • #41,846
  • Feb 2, 2023 9:04am Feb 2, 2023 9:04am
That's me for today - still in some EG
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Successful trading is intrinsic to risk management and discipline
  • #41,847
  • Feb 2, 2023 9:20am Feb 2, 2023 9:20am
Quoting toshio
holding EG in drawdown, the SL/TP box of the first trade is shown to see what drawdown on a 100 pip SL looks like. GBP news coming tonight hopefully hawkish to push it back down. resistance zone on the 4h aligning with R100. two factors that keep me in the trade(s) and not cut losers yet. times like these we need to put our big boy pants on and stay objective {image} {image}
Closed for a loss with some earlier positions stopped out..entered way too early before FOMC, lesson learned, market usually has no legs before FOMC. Reason for cutting: sterling sentiment is weak, MPC report was dovish so no confidence in the move down (just my opinion). Loss was manageable due to multiple entries and pivot levels, made objective decisions and learned lessons, still a WIN
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Seek first to understand, then to be understood
  • #41,848
  • Feb 2, 2023 9:46am Feb 2, 2023 9:46am
Quoting apples1978
If you have used mt4 on any of your apple accounts you can: GO TO THE APP STORE ON THE TOP RIGHT, GUICK ON YOUR PROFILE GO ON PURCHASES LOOK FOR METATRADER 4 or 5
This is just not possible, MT4 or MT5 is not there. Apple removed it from the library, I still have Mt4 installed when it was there and it works. But on a new device I'd be stumped :-(
It's not a dream. Chipsa is real!
  • #41,849
  • Feb 2, 2023 9:57am Feb 2, 2023 9:57am
Started -478 end up over 1kNever gave up!
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In trading, you have to be defensive and aggressive at the same time
  • #41,850
  • Feb 2, 2023 10:04am Feb 2, 2023 10:04am
I dont understand why GBP so weak after hike? Seems over kill
hmmm

glad didn't hold any GU or GC's they were short trades.Looking at PA I felt there is sort of panic
Found this tweet
Which out of context market manipulation...
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In trading, you have to be defensive and aggressive at the same time
  • #41,851
  • Feb 2, 2023 10:13am Feb 2, 2023 10:13am
Quoting nittohanns
That's me for today - still in some EG{image}
All with basically zero drawdown
  • #41,852
  • Feb 2, 2023 10:16am Feb 2, 2023 10:16am
Quoting Davit
I dont understand why GBP so weak after hike? Seems over kill hmmm glad didn't hold any GU or GC's they were short trades.Looking at PA I felt there is sort of panic
great to see that you are back to writing - quite refreshing
Forex can only be understood backwards, but it must be traded forwards.
  • #41,853
  • Feb 2, 2023 11:42am Feb 2, 2023 11:42am
it is if you used it on ios as its under purchases. I reinstalled it today infact but you have to of used it before on the ios account

https://www.reddit.com/r/metatrader/..._apple_device/
Quoting John Chipsa
{quote} This is just not possible, MT4 or MT5 is not there. Apple removed it from the library, I still have Mt4 installed when it was there and it works. But on a new device I'd be stumped :-(
Pip Student
  • #41,854
  • Feb 2, 2023 11:49am Feb 2, 2023 11:49am
Day Three 2.2.2023
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In terms of strategy testing, a success for me. For an exceptional news day, PIVOTS are holding up well.

On the charts you can see many chances, pullbacks and bounces, small S/R and much more, but that is NOT what the test is about !!! For me the hardest part is not entering the trade and letting it go where it should.

If you understand the dilution of posits, PA and PIVOTs you get a great tool with relatively easy rules but a damn effective strategy in what ever time.
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It's not a dream. Chipsa is real!
  • #41,855
  • Feb 2, 2023 11:49am Feb 2, 2023 11:49am
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It's not a dream. Chipsa is real!
  • #41,856
  • Feb 2, 2023 11:56am Feb 2, 2023 11:56am
Quoting apples1978
it is if you used it on ios as its under purchases. I reinstalled it today infact but you have to of used it before on the ios account https://www.reddit.com/r/metatrader/..._apple_device/ {quote}
Super thanks a lot, now I have a reason to buy a tablet :-D sorry Ipad :-D :-D
It's not a dream. Chipsa is real!
  • #41,857
  • Feb 2, 2023 12:15pm Feb 2, 2023 12:15pm
trying to use https://www.tradingview.com/ more and more this you can use from tablets also. if i can get where i want to be id like to be able to use portable devices more.

as a home worker for now. i use my personal laptop next to my work setup so its pretty good for now.
Pip Student
  • #41,858
  • Feb 2, 2023 12:49pm Feb 2, 2023 12:49pm
EURCAD entries yesterday and today.
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  • #41,859
  • Feb 2, 2023 2:03pm Feb 2, 2023 2:03pm
Quoting bitgiggy
EURCAD entries yesterday and today.{image}
Great results on EC
Successful trading is intrinsic to risk management and discipline
  • #41,860
  • Feb 2, 2023 2:10pm Feb 2, 2023 2:10pm
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Successful trading is intrinsic to risk management and discipline
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