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Pivot Trading

  • #42,281
  • Feb 21, 2023 6:15am Feb 21, 2023 6:15am
Also GU has some nices wicks from an adr100 but not the trade a trade
Pip Student
  • #42,282
  • Feb 21, 2023 6:37am Feb 21, 2023 6:37am
Quoting 1pipperhour
GN is not in my list. Just put the graph on and my broker has 7 pips spread on it Not to mention it's daily average is 150+ pips. Today 220+. Moving to much for this system imo. Even though the level looks good
Yikes. What broker is that?. I'm 2.5-3.5.
  • #42,283
  • Feb 21, 2023 7:13am Feb 21, 2023 7:13am
Quoting pipmaster77
{quote} Yikes. What broker is that?. I'm 2.5-3.5.
admirals
  • #42,284
  • Feb 21, 2023 7:44am Feb 21, 2023 7:44am
Now the time to hit GC...!!!
  • #42,285
  • Feb 21, 2023 7:48am Feb 21, 2023 7:48am
Quoting smd101
Now the time to hit GC...!!!
I'm in too.
  • #42,286
  • Feb 21, 2023 8:04am Feb 21, 2023 8:04am
In this one also

GC
Pip Student
  • #42,287
  • Feb 21, 2023 8:38am Feb 21, 2023 8:38am
AUDNZD - SELL
Positions opened: 4
Level: R78
Result: Profit, one positioned left to run
HTF S/R zone: None, so aggressive profit taking was in mind

Notes: 4 positions opened, initial target was R61, one position left to run to see what happens. When to exit (either in profit/loss) will always be the one thing we can refine to improve results. Must look for objective reasons to stay in or get out.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD_2023-02-22_00-10-46.png Size: 27 KB
Seek first to understand, then to be understood
  • #42,288
  • Feb 21, 2023 8:40am Feb 21, 2023 8:40am
Quoting rupasi
Hi All, I just wanted to share something that may seem obvious but can take years to understand. There is enough. There are enough pips in this market for everyone. If you study the thread, and learn from Davit and others, you will be able to succeed as a trader. Success is a relative term, you have to know what that means for you. Here are some sentiments I have seen in myself. "Geez, I got out way to soon!" There is enough though and you will have another opportunity. "Dang, the trade has turned against me! I entered at a good pivot point!" Ask...
Had this exact same conversation in my head with this EG trade. 4 positions opened initially, however, they were prematurely opened (in hindsight). After closing 3 in loss, I noticed price forming long wicked bullish candles. I then decided to open 1 more and keep the latest position open, and targeted the last "unfilled" wick to the left. Closed for some profit, reducing the overall loss.

Takeaways:
Don’t open positions directly after a large candle closes. Wait for signs of price slowing down (braking) and for PA to form candlestick patterns toward your bias. Another more "suitable" zone was present on S78. I was indecisive throughout the entire trade, and struggled to find objective reasons to stay in the trade.
When in doubt, stay out or in this case, get out.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP_2023-02-22_00-25-57.png Size: 22 KB
Seek first to understand, then to be understood
  • #42,289
  • Feb 21, 2023 9:08am Feb 21, 2023 9:08am
Quoting toshio
AUDNZD - SELL Positions opened: 4 Level: R78 Result: Profit, one positioned left to run HTF S/R zone: None, so aggressive profit taking was in mind Notes: 4 positions opened, initial target was R61, one position left to run to see what happens. When to exit (either in profit/loss) will always be the one thing we can refine to improve results. Must look for objective reasons to stay in or get out.
I wanted to shut him down too, but I'm still holding him
It's not a dream. Chipsa is real!
  • #42,290
  • Feb 21, 2023 9:13am Feb 21, 2023 9:13am
GBPAUD approaching 2x ADR. Up 265 pips already today. At R100 as well. May fire a couple of bullets.
  • #42,291
  • Feb 21, 2023 9:35am Feb 21, 2023 9:35am
Quoting pipmaster77
GBPAUD approaching 2x ADR. Up 265 pips already today. At R100 as well. May fire a couple of bullets.
In addition to GBP strength, this is a risk off move......stocks getting hammered, so comm dollars get hammered.
  • #42,292
  • Feb 21, 2023 9:56am Feb 21, 2023 9:56am
Quoting pipmaster77
{quote} In addition to GBP strength, this is a risk off move......stocks getting hammered, so comm dollars get hammered.
Fired a couple on GBPAUD short, NAS100 long as well
  • #42,293
  • Feb 22, 2023 12:21am Feb 22, 2023 12:21am
FOMC Meeting Minutes today. Be aware when taking positions against USD.
  • #42,294
  • Feb 22, 2023 12:51am Feb 22, 2023 12:51am
i am also shorting gbp
  • #42,295
  • Feb 22, 2023 1:40am Feb 22, 2023 1:40am
Shorted EA. Not so good data from Germany's IFO, daily ADR hit and we are at a pretty good resistance area.
  • #42,296
  • Feb 22, 2023 1:59am Feb 22, 2023 1:59am
Quoting 1pipperhour
Shorted EA. Not so good data from Germany's IFO, daily ADR hit and we are at a pretty good resistance area.
Well spotted, I hope to get in on the retrace.
  • #42,297
  • Feb 22, 2023 4:45am Feb 22, 2023 4:45am
SHORT GBP/US
  • #42,298
  • Feb 22, 2023 6:32am Feb 22, 2023 6:32am
on h4 timeframe usdmxn i stay long. for my forecast it'll be long forward.
  • #42,299
  • Feb 22, 2023 6:34am Feb 22, 2023 6:34am
on h4 and h1 timeframes eurjpy i open short. hope for tp on level of 142.348.
  • #42,300
  • Feb 22, 2023 6:38am Feb 22, 2023 6:38am
EA, out at target.
Seems like new opportunity looming.

Attached Image (click to enlarge)
Click to Enlarge Name: EA short.png Size: 88 KB
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