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Pivot Trading

  • #41,941
  • Feb 7, 2023 7:45am Feb 7, 2023 7:45am
Currently in a few trades, including GU drawdown (which is ok, market must correct itself soon enough). Once one becomes aware of basic price movement, large moves against trade are nothing to be worried about.


CADJPY entry was because of price action at R61
USDJPY entry was because of price action at R78, admittedly I did enter early at R61 which is ok. Davits "fish net" analogy comes in handy.
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  • #41,942
  • Feb 7, 2023 7:49am Feb 7, 2023 7:49am
Quoting apples1978
Just 1 scalp till news, Latter this aff {image}
Kind of iffy trade. CJ was best....and obvious. Gap staring to close
In trading, you have to be defensive and aggressive at the same time
  • #41,943
  • Feb 7, 2023 7:53am Feb 7, 2023 7:53am
USDCAD resistance R38
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  • #41,944
  • Feb 7, 2023 7:54am Feb 7, 2023 7:54am
Now kicking myself for getting out early on CJ
Was ranging for my defense...
In trading, you have to be defensive and aggressive at the same time
  • #41,945
  • Feb 7, 2023 7:57am Feb 7, 2023 7:57am
Quoting erlas7
USDCAD resistance R38 {image}
R61 is 3506 ADR H 3513 no trades here for me until then.
In trading, you have to be defensive and aggressive at the same time
  • #41,946
  • Feb 7, 2023 7:59am Feb 7, 2023 7:59am
Too early closed CJ. I knew that
  • #41,947
  • Feb 7, 2023 8:01am Feb 7, 2023 8:01am
EJ looks like visual forex porn
Hope someone here took it
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #41,948
  • Feb 7, 2023 8:02am Feb 7, 2023 8:02am
Quoting Davit
{quote} Kind of iffy trade. CJ was best....and obvious. Gap staring to close
Limited myself to 5-6 pairs for the time being so CJ wasnt on the menu
Pip Student
  • #41,949
  • Feb 7, 2023 8:03am Feb 7, 2023 8:03am
Quoting Davit
{quote} R61 is 3506 ADR H 3513 no trades here for me until then.
I've seen 3 times rejection of R38. Also later today some talkings from USA and C
  • #41,950
  • Feb 7, 2023 8:03am Feb 7, 2023 8:03am
Looks like UJ is finally closing that gap...
  • #41,951
  • Feb 7, 2023 8:05am Feb 7, 2023 8:05am
Quoting Davit
Now kicking myself for getting out early on CJ Was ranging for my defense...
It kicked me to EG
It's not a dream. Chipsa is real!
  • #41,952
  • Feb 7, 2023 8:14am Feb 7, 2023 8:14am
Quoting Davit
Now kicking myself for getting out early on CJ Was ranging for my defense...
Yes, I closed USDJPY way early as well......50 pips ago. Held GBPAUD until 20 pips shy of WPP and that was the right move to get out. Toughest part of trading......when you hold you givre back, when you close you miss the rest of the move. Bottom line.....profit is profit.
  • #41,953
  • Feb 7, 2023 8:25am Feb 7, 2023 8:25am
Quoting Davit
EJ looks like visual forex porn Hope someone here took it {image}
i did. made 200
Muni loves you all!
  • #41,954
  • Feb 7, 2023 8:28am Feb 7, 2023 8:28am
Quoting pipmaster77
{quote} Yes, I closed USDJPY way early as well......50 pips ago. Held GBPAUD until 20 pips shy of WPP and that was the right move to get out. Toughest part of trading......when you hold you givre back, when you close you miss the rest of the move. Bottom line.....profit is profit.
That is what I undergo, many things to learn to improve it. But like your said profit is profit
  • #41,955
  • Feb 7, 2023 8:31am Feb 7, 2023 8:31am
Quoting Davit
EJ looks like visual forex porn Hope someone here took it {image}
Took it last night. Was closed by the time I woke up. Best feeling in trading......waking up to nice $$$$$



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  • #41,956
  • Feb 7, 2023 8:37am Feb 7, 2023 8:37am
Quoting pipmaster77
{quote} Took it last night. Was closed by the time I woke up. Best feeling in trading......waking up to nice $$$$$ {image}
That's the best.Experienced same many times.
Right on R61
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In trading, you have to be defensive and aggressive at the same time
  • #41,957
  • Feb 7, 2023 8:41am Feb 7, 2023 8:41am
Waiting something to happen on AN but she wont cooperate
This pair has been real sleeper lately...Cant believe taking it again after fruitless tries
Cant fault me for not trying
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In trading, you have to be defensive and aggressive at the same time
  • #41,958
  • Feb 7, 2023 8:46am Feb 7, 2023 8:46am
Quoting Davit
Waiting something to happen on AN but she wont cooperate This pair has been real sleeper lately...Cant believe taking it again after fruitless tries {image}
Yes, that pair is a real thorn in my side. On top of that, it always seems to move right after I give up and exit.
  • #41,959
  • Feb 7, 2023 9:19am Feb 7, 2023 9:19am
Quoting erlas7
{quote} I've seen 3 times rejection of R38. Also later today some talkings from USA and C
It still might work out however when you look at CAD crosses all of them are over sold which creates pressure to release. GC EC NC CJ all poised to correct therefore I am not buying CAD now
In trading, you have to be defensive and aggressive at the same time
  • #41,960
  • Feb 7, 2023 9:23am Feb 7, 2023 9:23am
CJ hits 98 I might short again and hold....
In trading, you have to be defensive and aggressive at the same time
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