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Pivot Trading

  • #42,801
  • Mar 30, 2023 6:14am Mar 30, 2023 6:14am
EJ
Great opportunity to short !!!
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM30.png Size: 19 KB
In trading, you have to be defensive and aggressive at the same time
  • #42,803
  • Mar 30, 2023 6:52am Mar 30, 2023 6:52am
People think this thread is dumping place for everything they are going through! Its not! Read the 1st page!
In trading, you have to be defensive and aggressive at the same time
  • #42,804
  • Mar 30, 2023 11:57am Mar 30, 2023 11:57am
Quoting Davit
People think this thread is dumping place for everything they are going through! Its not! Read the 1st page!
DAvit whatabout GBPUSD
  • #42,805
  • Mar 30, 2023 12:22pm Mar 30, 2023 12:22pm
Quoting Crazyfly
{quote} DAvit whatabout GBPUSD
Could be heading for 12450
Successful trading is intrinsic to risk management and discipline
  • #42,806
  • Mar 30, 2023 1:26pm Mar 30, 2023 1:26pm
Some possible trades to watch for tomorrow.
CAD GDP and USD PCE at 13:30
Attached Image (click to enlarge)
Click to Enlarge Name: XAGUSD(£)Daily.png Size: 19 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD(£)H4.png Size: 18 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY(£)H4.png Size: 18 KB
Successful trading is intrinsic to risk management and discipline
  • #42,807
  • Mar 30, 2023 2:03pm Mar 30, 2023 2:03pm
Quoting nittohanns
{quote} I was looking for a series of falling candles or a break below the previous lows in an area of consolidation. As for the exit, that's not so easy for me to answer as I'm still working on this myself. It's got a lot to do with lots of chart time, hours and hours just watching charts and learning how price moves/reacts etc, on the EA and GA trades the price was heading towards the ADR low so for me that was a good enough reason to exit and take profit and price started to slow/turn.
Thanks , that is extremely useful . I was also wondering if you look at lower timeframes M15 or below for entry and exit or is it only M30 and above mostly ? Thanks again !
  • #42,808
  • Mar 31, 2023 12:35am Mar 31, 2023 12:35am
Possible long at S38 nice support
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD(£)H4.png Size: 18 KB
Successful trading is intrinsic to risk management and discipline
  • #42,809
  • Mar 31, 2023 12:37am Mar 31, 2023 12:37am
Quoting praxker
{quote} Thanks , that is extremely useful . I was also wondering if you look at lower timeframes M15 or below for entry and exit or is it only M30 and above mostly ? Thanks again !
I do yes, I watch M15 for entries, exit and PA.
Successful trading is intrinsic to risk management and discipline
  • #42,810
  • Mar 31, 2023 12:38am Mar 31, 2023 12:38am
GA Short now for me... Will add more at ADR high
  • #42,811
  • Mar 31, 2023 1:09am Mar 31, 2023 1:09am
Watching EA for shorts
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD(£)Weekly.png Size: 18 KB
Successful trading is intrinsic to risk management and discipline
  • #42,812
  • Mar 31, 2023 1:37am Mar 31, 2023 1:37am
in about 25min we got Euro CPI and 11am Lagarde speaking
Its possible some spike but overall I anticipate Euro deflating specially after Lagarde

It hasn't been great week.PA overall has been erratic
My week so far been kind of ok nothing special. Most days I hit this in a day but not this week
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In trading, you have to be defensive and aggressive at the same time
  • #42,813
  • Mar 31, 2023 1:44am Mar 31, 2023 1:44am
Do think EJ could drop dramatically. 145+ is red zone
My broker Oanda increased margins dramatically on G pairs and Yen which kind of discourages me trading the pound and less the Yen
Pound margin is huge. This is why you don't see me on G pairs
In trading, you have to be defensive and aggressive at the same time
  • #42,814
  • Mar 31, 2023 4:03am Mar 31, 2023 4:03am
Shorting EA again and short EJ
Nice 4hr PB on EA at R38
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY(£)H4.png Size: 19 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD(£)H4.png Size: 19 KB
Successful trading is intrinsic to risk management and discipline
  • #42,815
  • Mar 31, 2023 5:16am Mar 31, 2023 5:16am
Quoting MuniFX
{quote} stopped out price right now at r78
in short wti again, i risk the high
Muni loves you all!
  • #42,816
  • Mar 31, 2023 5:16am Mar 31, 2023 5:16am
where is TP ans SL
Quoting nittohanns
Shorting EA again and short EJ Nice 4hr PB on EA at R38{image} {image}
  • #42,817
  • Mar 31, 2023 5:24am Mar 31, 2023 5:24am
Quoting Crazyfly
where is TP ans SL {quote}
That's up to you, isn't it? According to your MM.
It's not a dream. Chipsa is real!
  • #42,818
  • Mar 31, 2023 5:29am Mar 31, 2023 5:29am
Quoting Crazyfly
where is TP ans SL {quote}
No SL on these and never set TP, always close manually.
Successful trading is intrinsic to risk management and discipline
  • #42,819
  • Mar 31, 2023 6:53am Mar 31, 2023 6:53am
Quoting nittohanns
Shorting EA again and short EJ Nice 4hr PB on EA at R38{image} {image}
Closed both now before Lagarde
Successful trading is intrinsic to risk management and discipline
  • #42,820
  • Mar 31, 2023 8:04am Mar 31, 2023 8:04am
I just wanted to bring another hyper pair to your attention. CHF/JPY is quite a dangerous pair to build a position on unless it is going your way. I was reminded of this just now as I went short CHF/JPY. I came out in profit but just keep this in mind as it moved 45+ pips in 5 minutes (before lagarde).

I'm going to stop for the week as it would be easy to get stuck in a position at this time of day.
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