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Pivot Trading

  • #43,281
  • May 9, 2023 8:50am May 9, 2023 8:50am
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  • #43,282
  • May 9, 2023 5:44pm May 9, 2023 5:44pm
Hi guys
Its been pretty boring so far.Market is waiting for USD CPI and that has lot riding on it.Positive numbers surely bolster USD bulls
Dont forget GBP rates well.
In trading, you have to be defensive and aggressive at the same time
  • #43,283
  • May 10, 2023 1:43am May 10, 2023 1:43am
No need to force trades. Good ones will come eventually.
  • #43,284
  • May 10, 2023 3:01am May 10, 2023 3:01am
Closed my AU short
CPI could go either way just dont want to be on wrong side.
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In trading, you have to be defensive and aggressive at the same time
  • #43,285
  • May 10, 2023 5:34am May 10, 2023 5:34am
Reload short AU
CPI wasn't too bad
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In trading, you have to be defensive and aggressive at the same time
  • #43,286
  • May 10, 2023 5:57am May 10, 2023 5:57am
NU short
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In trading, you have to be defensive and aggressive at the same time
  • #43,287
  • May 10, 2023 6:01am May 10, 2023 6:01am
USD should recover the over reaction of .1%
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In trading, you have to be defensive and aggressive at the same time
  • #43,288
  • May 10, 2023 6:11am May 10, 2023 6:11am
Quoting Davit
USD should recover the over reaction of .1% {image}
Now I am also short NU and AU....thanks in advance davit
  • #43,289
  • May 10, 2023 6:20am May 10, 2023 6:20am
Most parabolic moves generally 30% corrections happens due to profit taking
NU part 6358 is more likely to hit today then not
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In trading, you have to be defensive and aggressive at the same time
  • #43,290
  • May 10, 2023 6:22am May 10, 2023 6:22am
Closed rest of my CJ
Glad to get out.Wasn't happy paying swap
In trading, you have to be defensive and aggressive at the same time
  • #43,291
  • May 10, 2023 6:31am May 10, 2023 6:31am
Quoting alish746
{quote} Now I am also short NU and AU....thanks in advance davit
I could be wrong and often happens.Just saying

What's important is probability factor
In trading, you have to be defensive and aggressive at the same time
  • #43,292
  • May 10, 2023 6:38am May 10, 2023 6:38am
I also closed all my AU, NU and GU trades.. A bit too early though, but i am happy. Thanks Davit for the inspiration that you build up in me
Jakepuia
  • #43,293
  • May 10, 2023 6:40am May 10, 2023 6:40am
Closed NU
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In trading, you have to be defensive and aggressive at the same time
  • #43,294
  • May 10, 2023 6:42am May 10, 2023 6:42am
Quoting Davit
Closed NU {image}
Nice work again.. heartiest congratulations
Jakepuia
  • #43,295
  • May 10, 2023 6:43am May 10, 2023 6:43am
closed AU flat now
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In trading, you have to be defensive and aggressive at the same time
  • #43,296
  • May 10, 2023 6:44am May 10, 2023 6:44am
Quoting Davit
{quote} I could be wrong and often happens.Just saying What's important is probability factor
I know that in trade anything can happen but you will have to consider high probabilities.From your trading system and fundamentals, it looks like both AU and NU will go down I guess
  • #43,297
  • May 10, 2023 6:48am May 10, 2023 6:48am
Finally closed out all my EA trades all in profit which I'm happy with following todays drop.
This and the EJ falling slightly has enabled me to recover my margin and can now continue trading as normal
Still holding EJ shorts which is painful due to the swap.
Successful trading is intrinsic to risk management and discipline
  • #43,298
  • May 10, 2023 6:52am May 10, 2023 6:52am
Quoting nittohanns
Finally closed out all my EA trades all in profit which I'm happy with following todays drop. This and the EJ falling slightly has enabled me to recover my margin and can now continue trading as normal Still holding EJ shorts which is painful due to the swap.
I dont know how you end up such huge dd trades

You were over 500pips DD in EA?
In trading, you have to be defensive and aggressive at the same time
  • #43,299
  • May 10, 2023 6:55am May 10, 2023 6:55am
Shorting AU again targeting ADR low 6743
In trading, you have to be defensive and aggressive at the same time
  • #43,300
  • May 10, 2023 7:04am May 10, 2023 7:04am
Quoting Davit
{quote} I dont know how you end up such huge dd trades You were over 500pips DD in EA?
Well stupidity mainly with some stubbornness. It's not how you trade and should not have let it get that bad, should of cut my losses but it came good eventually. Of course the problem with doing this is your margin is wiped and you can't trade so better to take your losses early on and recover your losses by placing more successful trades and admit defeat. Yes over 500 pips DD.
Successful trading is intrinsic to risk management and discipline
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