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Pivot Trading

  • #42,461
  • Mar 3, 2023 7:45am Mar 3, 2023 7:45am
EC long, CJ short
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buying tops / selling bottoms
  • #42,462
  • Mar 3, 2023 8:05am Mar 3, 2023 8:05am
Quoting kleybenny
{quote} Yes, I took them. I made with 4 entries round about 75 pips in sum. May I ask you, where you took your profits? I would like to improve my exits much more. Advise is very appreciated. Thank you. {image}
You've been on this thread for some time still haven't grasped the idea of ADR! USE it for profit taking and Pivots
The Average Daily Range is a technical indicator used to measure the volatility of an asset. It displays how much an instrument can move on average during a given day
In trading, you have to be defensive and aggressive at the same time
  • #42,463
  • Mar 3, 2023 8:30am Mar 3, 2023 8:30am
Quoting Davit
{quote} You've been on this thread for some time still haven't grasped the idea of ADR! USE it for profit taking and Pivots The Average Daily Range is a technical indicator used to measure the volatility of an asset. It displays how much an instrument can move on average during a given day
Just a further addition to the Davit comment.
You can save it for the future use.
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  • #42,464
  • Edited 9:08am Mar 3, 2023 8:33am | Edited 9:08am
CJ short, nabbed 140
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  • #42,465
  • Mar 3, 2023 8:38am Mar 3, 2023 8:38am
Quoting Davit
{quote} You've been on this thread for some time still haven't grasped the idea of ADR! USE it for profit taking and Pivots The Average Daily Range is a technical indicator used to measure the volatility of an asset. It displays how much an instrument can move on average during a given day
ok, thank you Davit.
  • #42,466
  • Mar 3, 2023 8:42am Mar 3, 2023 8:42am
Quoting voty
EC long, CJ short {image}{image}
Closing both in profit, ADR around 130 both.
buying tops / selling bottoms
  • #42,467
  • Mar 3, 2023 9:18am Mar 3, 2023 9:18am
It took a weeee while to love ADR. Its my go to these days for a daily exit point. I also love to see a HH ADR or LL ADR next to a nice piv level. Love confluence.

GC EU for example nice little scalp there.
Pip Student
  • #42,468
  • Mar 3, 2023 10:37am Mar 3, 2023 10:37am
Nice Weekend all the pivoters

New Week i hope Strong Start
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the highest point comes before the fall
  • #42,469
  • Mar 3, 2023 10:47am Mar 3, 2023 10:47am
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Thanks Pivoter, you too. And everyone.
  • #42,470
  • Mar 3, 2023 9:35pm Mar 3, 2023 9:35pm
Quoting sheva89
{quote} Passed challenge 2, thanks to Pivot strategy. Btw, does anyone have trade report exe for MT5? Mine doesn't show correctly for JPY pairs. Thank you. {image}
Another week in profit.
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  • #42,471
  • Mar 3, 2023 11:56pm Mar 3, 2023 11:56pm
One more week within the pivoters, thanks all, I have been learning a lot from here. Will do weekend homeworks tomorrow night to prepare for a new week. Have good weekend to all.
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  • #42,472
  • Mar 4, 2023 12:39am Mar 4, 2023 12:39am
I'm also happy for the week. Still, must learn to take better exits. Also GA entry and exit was to early.... Lesson learned...

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  • #42,473
  • Mar 4, 2023 1:50am Mar 4, 2023 1:50am
At least it is green in overall.
Still so much to learn.
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  • #42,474
  • Mar 5, 2023 9:21am Mar 5, 2023 9:21am
Quoting sheva89
{quote} Another week in profit. {image}
I like to see a post your calendar event analyses.Thanks
In trading, you have to be defensive and aggressive at the same time
  • #42,475
  • Mar 5, 2023 9:22am Mar 5, 2023 9:22am
Quoting The-One
At least it is green in overall. Still so much to learn. {image}
I like to see a post your calendar event analyses.Thanks
In trading, you have to be defensive and aggressive at the same time
  • #42,476
  • Mar 5, 2023 9:22am Mar 5, 2023 9:22am
Quoting kleybenny
I'm also happy for the week. Still, must learn to take better exits. Also GA entry and exit was to early.... Lesson learned... {image}
I like to see a post your calendar event analyses.Thanks
In trading, you have to be defensive and aggressive at the same time
  • #42,477
  • Mar 5, 2023 9:23am Mar 5, 2023 9:23am
Quoting tiendh
One more week within the pivoters, thanks all, I have been learning a lot from here. Will do weekend homeworks tomorrow night to prepare for a new week. Have good weekend to all. {image}
I like to see a post your calendar event analyses.Thanks
In trading, you have to be defensive and aggressive at the same time
  • #42,478
  • Mar 5, 2023 10:50am Mar 5, 2023 10:50am
If I dont see an evidence of folks following this system properly you will be removed.
I dont care if you made gains short time trading my system means nothing.What I care traders becoming pro level real traders instead of time wasters.
If you cant follow my recommendations please go to your typical MA cross over system and be happy or I will remove you!
In trading, you have to be defensive and aggressive at the same time
  • #42,479
  • Mar 5, 2023 1:26pm Mar 5, 2023 1:26pm
I'm still quite interested in UJ and Silver trades. Some nice moves on Friday but with a busy week of news, events and data releases anything can happen.
I've tried to capture these below.

Monday 6 March
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Tuesday 7 March
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Wednesday 8 March
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Thursday 9 March
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Friday 10 March
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I'm sure others do this too, but I look at the data release in the history (actual - red/green) and look back at the date/time on the charts to see how markets/price reacted at that time to try and get an idea of what price may do based on past and previous reactions. It's certainly not a given.
Successful trading is intrinsic to risk management and discipline
  • #42,480
  • Edited 3:58pm Mar 5, 2023 3:47pm | Edited 3:58pm
A condensed calendar due to time constraints. The key to this week will be Powells testimony on Tuesday. On Monday we have CAD Ivey data, in general BOC is expected to stand pat, but bad data will weigh on the currency. Swiss gdp is not tradable for me. Tuesday we have the RBA statement and I have no firm view on how this will be seen by market so will wait to see post statement reaction. Weds German industrial production and Lagarde, link this to GBP GDP for possible trade. Thursday Chinese CPI and PPI which may be market moving. Friday BOJ statement which is Kurodas last, again no firm view so maybe just some volatility. Finally US data which is starting to weaken.
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