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Pivot Trading

  • #43,621
  • Jul 9, 2023 2:28pm Jul 9, 2023 2:28pm
Quoting 1pipperhour
... Now I'm back to normal and it seems I'm back on track again
glad to hear that.
its a valuable skill to know how to (eg. overcome the mental barriers) and when to cut losses in times when the market decides to catch us on the wrong foot.
your exemplary behaviour puts you on a path to a prosperous future.



.
Muni loves you all!
  • #43,622
  • Jul 10, 2023 9:58am Jul 10, 2023 9:58am
The beauty of Pivot:
S - EG
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM30.png Size: 33 KB

B - GJ
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 34 KB
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #43,623
  • Jul 10, 2023 11:19am Jul 10, 2023 11:19am
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 29 KB

short on EURUSD
  • #43,624
  • Jul 10, 2023 1:36pm Jul 10, 2023 1:36pm
EA - Watching for possible short positions around 1.66
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD(£)Weekly.png Size: 18 KB
Successful trading is intrinsic to risk management and discipline
  • #43,625
  • Jul 10, 2023 3:28pm Jul 10, 2023 3:28pm
Quoting MuniFX
I am watching nzdcad. Tomorrow we have CAD news (employment data). (If... I will be selling prices above 0.830x for correction) (Alternatively... short term scalps for sideway market)
7 green/bullish daily candles in a row so far..
now i'm in short, lets see if it can print a bearish/red candle..
Muni loves you all!
  • #43,626
  • Jul 10, 2023 3:31pm Jul 10, 2023 3:31pm
Quoting nittohanns
EA - Watching for possible short positions around 1.66 {image}

ec at 1.47 might be an option too
Muni loves you all!
  • #43,627
  • Jul 11, 2023 4:45am Jul 11, 2023 4:45am
Quoting MuniFX
7 green/bullish daily candles in a row so far.. now i'm in short, lets see if it can print a bearish/red candle..
closed, winner, +40
Muni loves you all!
  • #43,628
  • Jul 11, 2023 4:49am Jul 11, 2023 4:49am
now i am watching gbpaud, gbpnzd and gbpcad
Muni loves you all!
  • #43,629
  • Jul 11, 2023 5:07am Jul 11, 2023 5:07am
i sold gbpnzd
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  • #43,630
  • Jul 11, 2023 5:31am Jul 11, 2023 5:31am
Quoting MuniFX
incoming bids for yen... finally?
lets see if it can push back to davits unlucky eurjpy entry @ 151.23
Muni loves you all!
  • #43,631
  • Jul 11, 2023 5:46am Jul 11, 2023 5:46am
Went long CJ. Nice area.
Swimming against the current
Possible rate hike tomorrow. Should help.
  • #43,632
  • Jul 11, 2023 5:57am Jul 11, 2023 5:57am
Quoting MuniFX
i sold gbpnzd
nzd rate decision in 15 hours, gbp still strong (expectations of more rate hikes)
how far can they push it before correction.. we hit 150% adr
Muni loves you all!
  • #43,633
  • Jul 11, 2023 6:55am Jul 11, 2023 6:55am
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 18 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 19 KB

Attached Image (click to enlarge)
Click to Enlarge Name: uj.png Size: 19 KB

Two short entries EU and and GU
One Long entry UJ
  • #43,634
  • Jul 11, 2023 7:01am Jul 11, 2023 7:01am
Expecting a huge drop in GU if tomorrow we have better than expected data from USA.
  • #43,635
  • Jul 11, 2023 7:24am Jul 11, 2023 7:24am
Quoting alish746
Expecting a huge drop in GU if tomorrow we have better than expected data from USA.
be aware that higher tfs still have bullish momentum, and marketmakers can aim for stops above 1.3 (we are very close to this round level)
yesterday we had a strong bullish h4 candle

i hope it works out for you and you are right!
Muni loves you all!
  • #43,636
  • Jul 11, 2023 8:36am Jul 11, 2023 8:36am
Quoting MuniFX
{quote} be aware that higher tfs still have bullish momentum, and marketmakers can aim for stops above 1.3 (we are very close to this round level) yesterday we had a strong bullish h4 candle i hope it works out for you and you are right!
Yeah I also believe they might push it a bit higher before falling to a new low but it's still a world of forex, you can get a surprise at any time and can be completely wrong therefore I have put a a hard SL.
  • #43,637
  • Jul 11, 2023 8:39am Jul 11, 2023 8:39am
If your trade size is comfortable for you (not like I did ), you'll be fine
  • #43,638
  • Jul 11, 2023 8:45am Jul 11, 2023 8:45am
Quoting 1pipperhour
If your trade size is comfortable for you (not like I did ), you'll be fine
Trade size plus number of open trades matter a lot that's why now I am really careful while going short or long on number of pairs. I hope, you will recover from loss which you may lost due to a bigger lot size
  • #43,639
  • Jul 11, 2023 8:51am Jul 11, 2023 8:51am
Quoting alish746
{quote} Trade size plus number of open trades matter a lot that's why now I am really careful while going short or long on number of pairs. I hope, you will recover from loss which you may lost due to a bigger lot size
Technically I didn't lose. Month was still positive . But yeah, nice little reminder.
  • #43,640
  • Jul 11, 2023 9:03am Jul 11, 2023 9:03am
Quoting 1pipperhour
{quote} Technically I didn't lose. Month was still positive . But yeah, nice little reminder.
Glad to hear that you had still a positive account growth despite some losses.
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