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Pivot Trading

  • #42,701
  • Mar 21, 2023 11:57am Mar 21, 2023 11:57am
Quoting Pivoter
finally closed some positions, was deep in dd and came back. EJ I was since 17.03. nailed. Right now I'm still a little deep short silver, but silver is slowly falling. i know dd 23 % not a good result. {image}
Good job, I also struggle with going into deeper dd than is ideal.
  • #42,702
  • Mar 21, 2023 12:14pm Mar 21, 2023 12:14pm
EUR has been very reluctant to fall today and EC being stubborn so decided to short EA as more extended.

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Successful trading is intrinsic to risk management and discipline
  • #42,703
  • Mar 21, 2023 12:17pm Mar 21, 2023 12:17pm
Quoting nittohanns
EUR has been very reluctant to fall today and EC being stubborn so decided to short EA as more extended. {image}
Me too, short 1.61
It's not a dream. Chipsa is real!
  • #42,704
  • Mar 21, 2023 2:50pm Mar 21, 2023 2:50pm
Quoting John Chipsa
{quote} Me too, short 1.61
Close / update
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It's not a dream. Chipsa is real!
  • #42,705
  • Mar 22, 2023 9:59am Mar 22, 2023 9:59am
I didn't have a chance to comment on this topic yesterday but I have to side with 1pipperhour on this. Even if russia wanted to defend its borders, that does not justify invading another country, executing and killing innocent civilians in Bucha and Irpin and other cities. It does not justify leveling whole cities like Mariupol to the ground. Nor does it justify launching missiles into residential buildings killing civilians - the same russian speaking ones that putin claims to be "liberating". Well they have been liberated just in a "different" way. This is all just an excuse to invade another country and continue to expand his imperialistic goals. The ironic thing is that Ukraine would have not been able to join NATO anyway since by rules a country cannot join NATO while currently experiencing a military conflict in any of their regions (Donbass since 2014 with russia) - this is all just a cop out and an excuse for russia to invade another country and expand their empire. NATO is a defensive organization and would never think of attacking russia.
Now have separate western countries been involved in "military operations" in countries like Libya, Syria etc. - sure definitely. Does US and other countries have their own agenda - of course they do!
As far as propaganda goes, this is something that russia uses to maintain their control and quite effectively but yes propaganda is also used in other countries as well. Western channel's such as CNN and others push their own narrative and sensationalism in particular all for the sake of ratings. For this reason I have long since stopped watching these channels and filter my news sources. I also know quite a number of people in Ukraine - so much of what I know about what is going on there is straight from the source and not through any news or propaganda sources.

But everyone has their opinion and free to express it - just wanted to put my two cents in. That is all I have - hopefully I didn't ramble too much. I know I don't comment too much in this thread but I do enjoy and appreciate the forex input and advice from Davit and other thread contributors. It is definitely first class stuff and the best thread on forexfactory. Hope to comment more in the future on the pairs I have been trading.
  • #42,706
  • Edited 10:27am Mar 22, 2023 10:12am | Edited 10:27am
Quoting Rjaws
I didn't have a chance to comment on this topic yesterday but I have to side with 1pipperhour on this. Even if russia wanted to defend its borders, that does not justify invading another country, executing and killing innocent civilians in Bucha and Irpin and other cities. It does not justify leveling whole cities like Mariupol to the ground. Nor does it justify launching missiles into residential buildings killing civilians - the same russian speaking ones that putin claims to be "liberating". Well they have been liberated just in a "different"...
Hi RJ
Please comment more here! ON to trading

Looks like Euro for time being before the feds is the "safe heaven"
Looking at EN is really attractive to short.Could easily reach 70 considering went up 350 in 1day
Have no USD now and intend to trade crosses until after the FEds if I see something interesting like dramatic spikes possibly UC to 140 would for sure short
Its possible after Bank jitters FEds may pause hiking.Wont suprise me

On Ukraine
I suggest to watch former weapons inspector Scott Ritters,Douglas Macgregor Col videos on the subject
https://www.youtube.com/@douglasmacgregorcol5835
The New Atlas channal
real informed channal https://www.youtube.com/@TheNewAtlas
In trading, you have to be defensive and aggressive at the same time
  • #42,707
  • Mar 22, 2023 10:58am Mar 22, 2023 10:58am
Quoting Davit
{quote} Hi RJ Please comment more here! ON to trading Looks like Euro for time being before the feds is the "safe heaven" Looking at EN is really attractive to short.Could easily reach 70 considering went up 350 in 1day Have no USD now and intend to trade crosses until after the FEds if I see something interesting like dramatic spikes possibly UC to 140 would for sure short Its possible after Bank jitters FEds may pause hiking.Wont suprise me On Ukraine I suggest to watch former weapons inspector Scott Ritters,Douglas Macgregor...
Hello Davit,

Definitely plan on posting more. Been focusing some on yen pairs - taking advantage of the bank ruckus. Will post charts in the future.
Will check the links as well.
  • #42,708
  • Mar 22, 2023 11:00am Mar 22, 2023 11:00am
Quoting Rjaws
I also know quite a number of people in Ukraine - so much of what I know about what is going on there is straight from the source and not through any news or propaganda sources.
Same here. I arrived from Ukraine last week and I saw the marks those liberators left in Bucha . Frustrating.
But moving on. Sorry Davit for these posts but was just venting out.
  • #42,709
  • Mar 22, 2023 11:02am Mar 22, 2023 11:02am
Quoting Davit
{quote} Hi RJ Please comment more here! ON to trading Looks like Euro for time being before the feds is the "safe heaven" Looking at EN is really attractive to short.Could easily reach 70 considering went up 350 in 1day Have no USD now and intend to trade crosses until after the FEds if I see something interesting like dramatic spikes possibly UC to 140 would for sure short Its possible after Bank jitters FEds may pause hiking.Wont suprise me On Ukraine I suggest to watch former weapons inspector Scott Ritters,Douglas Macgregor...
Hi Davit,

Agreed. Thanks for all you do.
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  • #42,710
  • Mar 22, 2023 11:05am Mar 22, 2023 11:05am
Quoting rupasi
{quote} Hi Davit, Agreed. Thanks for all you do. {image}
you got in real nice prices
This has nice potential to drop siginifically
In trading, you have to be defensive and aggressive at the same time
  • #42,711
  • Mar 22, 2023 1:14pm Mar 22, 2023 1:14pm
So finished, too bad I didn't load more. I am happy and satisfied.
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I wouldn't want to hold any longer, we have a rate hike in GB tomorrow

And I forgot about the time change, I'm having dinner and suddenly I see it flying
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It's not a dream. Chipsa is real!
  • #42,712
  • Mar 22, 2023 1:31pm Mar 22, 2023 1:31pm
Quoting rupasi
{quote} Hi Davit, Agreed. Thanks for all you do.
How are you doing otherwise? Is your health getting stronger?
It's not a dream. Chipsa is real!
  • #42,713
  • Mar 22, 2023 1:58pm Mar 22, 2023 1:58pm
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NC - 289 green pips from S61 yesterday.
  • #42,714
  • Mar 22, 2023 3:45pm Mar 22, 2023 3:45pm
Current AUDNZD
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  • #42,715
  • Mar 22, 2023 4:52pm Mar 22, 2023 4:52pm
Quoting MuniFX
the parabolic rise in eur/cad can bring us to >1.496x (this weeks r100, q1 r1, y2022body 423.6 extension) (eu rates can be the final trigger) after that I see a correction into q2
almost there. above 1.496x i remind myself that there is also the y2023 R1 @1.512x.
obviously there are ups and downs in between for abundant opportunities!
Muni loves you all!
  • #42,716
  • Mar 22, 2023 5:54pm Mar 22, 2023 5:54pm
AN Short, got out on nearest swing low
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Seek first to understand, then to be understood
  • #42,717
  • Mar 22, 2023 5:55pm Mar 22, 2023 5:55pm
Shorting EA
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Successful trading is intrinsic to risk management and discipline
  • #42,718
  • Mar 22, 2023 7:15pm Mar 22, 2023 7:15pm
Quoting nittohanns
Shorting EA {image}
In as well.
  • #42,719
  • Mar 22, 2023 9:40pm Mar 22, 2023 9:40pm
Quoting nittohanns
Shorting EA {image}
Hi nittohanns,
Do you follow PA on H1 to see the reaction on the Pivot line + D1 resistance line to enter this trade?
I study many of your charts to learn how you take a trade and want to make sure I go on the right way.
Thanks
  • #42,720
  • Mar 23, 2023 2:23am Mar 23, 2023 2:23am
Quoting ngotantinh96
{quote} Hi nittohanns, Do you follow PA on H1 to see the reaction on the Pivot line + D1 resistance line to enter this trade? I study many of your charts to learn how you take a trade and want to make sure I go on the right way. Thanks
Hi ngotantinh96,
A combination of both, I usually look at the higher timeframes for S/R and pivots and then drop to the lower TF for the entry and PA. However, on the EA trade last night I jumped in and left overnight with a stop.
Cheers
Successful trading is intrinsic to risk management and discipline
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