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Pivot Trading

  • #42,041
  • Feb 9, 2023 12:17pm Feb 9, 2023 12:17pm
Quoting John Chipsa
{quote} You're after me :-) I know, you wrote it in the tutorial where you replied to this, but you can't deny that divergences (whether one trades them or just watches them, I know people who only ride them.) have a certain meaning and can help in case of entry uncertainty and yes, it depends on the TF, because what this one shows, doesn't show etc...I know... It's not the momentum, it's the strength of the currencies, there is nothing else for the acquaintance who only trades the strength of the currencies. As someone wrote, Pivots are such an...
Not after you I try to steer you towards consistent profitability
Sometimes you must shed "acknowledge" to grow new insight.Divergence is meaningless that which is generated by oscillator.

If you only pay attention to Pivots, Price Action, Events and understanding of S/R's you would not need anything else.
The reason Pivots work because they are part of S/R's
Oscillators MA's print lagging history and have zero factor for what price may do but what price already did.
In trading, you have to be defensive and aggressive at the same time
  • #42,042
  • Feb 9, 2023 12:20pm Feb 9, 2023 12:20pm
Hi John
Just like Chipsa is real what Davit is saying is real. Divergence = 000 profit.

lets check gold trade from last week.
Did you see any divergence. NO NO NO price fall at R78.

1H chart. No Divergence.
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  • #42,043
  • Feb 9, 2023 12:22pm Feb 9, 2023 12:22pm
Quoting Davit
{quote} Not after you I try to steer you towards consistent profitability Sometimes you must shed "acknowledge" to grow new insight.Divergence is meaningless that which is generated by oscillator.
I know, I've been trading for years, so habit is an iron shirt :-)

Personally, I appreciate the advice and the energy you put into it....
It's not a dream. Chipsa is real!
  • #42,044
  • Feb 9, 2023 12:24pm Feb 9, 2023 12:24pm
Quoting smd101
Hi John Just like Chipsa is real what Davit is saying is real. Divergence = 000 profit. lets check gold trade from last week. Did you see any divergence. NO NO NO price fall at R78. 1H chart. No Divergence.
It is in the first picture :-D but I know what you mean

............and we won't weed the thread anymore.........

It's not a dream. Chipsa is real!
  • #42,045
  • Feb 9, 2023 12:28pm Feb 9, 2023 12:28pm
Quoting John Chipsa
{quote} It is in the first picture :-D but I know what you mean ............and we won't weed the thread anymore.........
Its fine discussions are what forum is about.Not just post winning charts
1st picture "divergence" to eventual price drop is HUGE distance.
In trading, you have to be defensive and aggressive at the same time
  • #42,046
  • Edited 12:44pm Feb 9, 2023 12:32pm | Edited 12:44pm
Building UC short positions 3440-50
CAD been performing remarkably strong.
3380 is about 70pips.Could reach....
Given market can do anything.

Done for today
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In trading, you have to be defensive and aggressive at the same time
  • #42,047
  • Feb 9, 2023 12:57pm Feb 9, 2023 12:57pm
2nd attempt to this strategy
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  • #42,048
  • Feb 9, 2023 3:43pm Feb 9, 2023 3:43pm
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Successful trading is intrinsic to risk management and discipline
  • #42,049
  • Feb 9, 2023 4:04pm Feb 9, 2023 4:04pm
nice catch
Pip Student
  • #42,050
  • Feb 9, 2023 5:21pm Feb 9, 2023 5:21pm
When ever you see the pair approaching, S/R and ADR is high.


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  • #42,051
  • Feb 9, 2023 5:33pm Feb 9, 2023 5:33pm
That was for me yesterday.
Need to improve more cuz lots of the trades I closed too early.
Today is Friday so green pips to everyone and have a nice weekend ^^
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  • #42,052
  • Feb 9, 2023 11:12pm Feb 9, 2023 11:12pm
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today. it is unusual for me to trade a full lot but did. EC was a bounce off of S61, I placed a sl right away so I didnt get caught out. i will be back to multiple smaller lots. it is much easier to manage.
  • #42,053
  • Feb 9, 2023 11:46pm Feb 9, 2023 11:46pm
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I was waiting for this one to reach WPP but got out when the move didn't continue and saw a bit of a pullback from S38. There weren't any news drivers for this pair and I wanted to have more in the pocket for GBP in a few hours. Monetary policy comments last night suggest positive for the GBP, the sentiment was already priced in, so had only a small impact. I generally only trade EG when it comes to the GBP but am keeping an eye on GC during after CAD unemployment tomorrow morning. (For me that is.)

Also US UofM news is projected to be positive for USD but if not, possibly it can move EU from S61 or possibly S78 back toward WPP. I know UofM news isn't a huge deal but in the absence of better news, possibly it will have some effect. Again, PA will decide. EU hasn't pulled back even 38.2 from its correction off of 1.1020 this week.
  • #42,054
  • Feb 9, 2023 11:50pm Feb 9, 2023 11:50pm
Guys great opportunity
UJ UC take a look

USD is pretty fattened up needs a diet.Should deflate by 12pm NY
We only got bullshit University of Michigan consumer survey of 500 people out of 334million.That's how retarded this crap is.
Seriously how can the market even take these surveys anything but a joke.
In trading, you have to be defensive and aggressive at the same time
  • #42,055
  • Feb 9, 2023 11:57pm Feb 9, 2023 11:57pm
accidentally closed tiny UC
UJ closed my 1st batch will sell every small rally

2AM GBP GDP may seriously push pound high if it prints anything green
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In trading, you have to be defensive and aggressive at the same time
  • #42,056
  • Feb 10, 2023 1:23am Feb 10, 2023 1:23am
Quoting Davit
accidentally closed tiny UC UJ closed my 1st batch will sell every small rally 2AM GBP GDP may seriously push pound high if it prints anything green {image}
As always spot on,
We obey the structure that results from the market's reaction
  • #42,057
  • Feb 10, 2023 1:47am Feb 10, 2023 1:47am
I will close this just before the news
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We obey the structure that results from the market's reaction
  • #42,058
  • Feb 10, 2023 5:36am Feb 10, 2023 5:36am
This is the only trading system on internet which is showing excellent results and people are making pips. Simple powerful, no bullshit. I am following it and have started trading. I am going with 0.01 lot because it gives me confident. I will start posting my results soon. Thanks Davit
  • #42,059
  • Feb 10, 2023 5:41am Feb 10, 2023 5:41am
FK missed the huge drop on UJ was sleeping but managed to close decent amount
didn't set TP honestly wasn't expecting such huge drop
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In trading, you have to be defensive and aggressive at the same time
  • #42,060
  • Feb 10, 2023 5:56am Feb 10, 2023 5:56am
Push above 31 would be cool to reload shorts on UJ
with NY approaching there is no Edge now at 3080
In trading, you have to be defensive and aggressive at the same time
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