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Pivot Trading

  • #43,641
  • Jul 11, 2023 9:13am Jul 11, 2023 9:13am
Quoting 1pipperhour
Went long CJ. Nice area. Swimming against the current Possible rate hike tomorrow. Should help.
Planning to trail some of it till WPP. Would be nice if that happens.
  • #43,642
  • Jul 11, 2023 7:49pm Jul 11, 2023 7:49pm
Quoting MuniFX
i sold gbpnzd
closed, winner, +42
will re-enter if we reach new highs with rate news in 1h
Muni loves you all!
  • #43,643
  • Jul 11, 2023 7:52pm Jul 11, 2023 7:52pm
opened first small trade in gbpusd at 1.2945
Muni loves you all!
  • #43,644
  • Jul 11, 2023 8:03pm Jul 11, 2023 8:03pm
Quoting MuniFX
opened first small trade in gbpusd at 1.2945
in regard to what i said about gbpusd earlier, this might be a stupid trade
Muni loves you all!
  • #43,645
  • Jul 11, 2023 8:16pm Jul 11, 2023 8:16pm
Quoting MuniFX
{quote} in regard to what i said about gbpusd earlier, this might be a stupid trade
i reduced size from small to VERY small at -13 (loss), lol, makes me feel better.
Muni loves you all!
  • #43,646
  • Edited 9:45am Jul 12, 2023 9:02am | Edited 9:45am
S - EA
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM30.png Size: 29 KB

S - Acad, before CAD news release
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADM30.png Size: 28 KB

Trade report - so far (Jul '23)
Attached Image (click to enlarge)
Click to Enlarge Name: Trade Report - Jul23.png Size: 3 KB


Oh.. forgot to info - that I already deleted the gold chart from my trading list (high volatile and high spread), this ones reduce my profit a lot when price goes opposite my trading plan (but it's up to you). I had enough with this metal...
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #43,647
  • Jul 12, 2023 10:35am Jul 12, 2023 10:35am
Dollar gets the beating until Powell starts talking about hike again.
  • #43,648
  • Jul 12, 2023 10:52am Jul 12, 2023 10:52am
Quoting MuniFX
{quote} ec at 1.47 might be an option too
shorted at 1.4660 above r78 +125% adr
Muni loves you all!
  • #43,649
  • Jul 12, 2023 10:59am Jul 12, 2023 10:59am
audcad also nice spot, 175% adr
Muni loves you all!
  • #43,650
  • Jul 12, 2023 11:09am Jul 12, 2023 11:09am
Quoting MuniFX
{quote} closed, winner, +42 will re-enter if we reach new highs with rate news in 1h
closed gbpnzd for +230, r100 back to pivot, textbook move
one can only love this pivot strategy...
Muni loves you all!
  • #43,651
  • Jul 12, 2023 11:21am Jul 12, 2023 11:21am
Yes, pivots rock. I shorted EURAUD from R61 to pivot, entered yesterday and then got the exact same set-up and did it again this morning.
I am short NZDCAD, at R61 and over 200% ADR.
  • #43,652
  • Jul 12, 2023 12:22pm Jul 12, 2023 12:22pm
Quoting MuniFX
audcad also nice spot, 175% adr
ACad Already 200% ADR - I'm selling... let the prob. plays the game..
R100 - ADR 200% - TDI cross - lets go dive..

GU above R100 and @ADR HIGH means HIGH PROB...
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #43,653
  • Jul 12, 2023 12:32pm Jul 12, 2023 12:32pm
I recovered my lost today and not going to go short or long I hope we will have better setups tomorrow
  • #43,654
  • Jul 12, 2023 12:43pm Jul 12, 2023 12:43pm
Hello all Pivoters! I like GU for shorts. He completes his daily and weekly ADR in a R100. I'll try to absolute pivot. Wish me luck!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 35 KB
  • #43,655
  • Jul 13, 2023 8:55am Jul 13, 2023 8:55am
added 2nd trade gbpusd at 1.3105 (above r161, r3, 140% adr)
average price at 1.3025
what a move...
Muni loves you all!
  • #43,656
  • Jul 13, 2023 9:09am Jul 13, 2023 9:09am
should we avoid trading today as the the bull move looks so strong?
  • #43,657
  • Jul 13, 2023 9:17am Jul 13, 2023 9:17am
Quoting alish746
should we avoid trading today as the the bull move looks so strong?
no pain no gain, no risk no fun,
you can do whats comfortable to you, but might miss opportunities,
not trading when you dont have an edge is a valid decision..
only you can decide if you want to participate

i see lots of opportunities, an option if you ar not 100% sure is start with smaller size than usual and increase when you feel more convinced/confident...
good luck!
Muni loves you all!
  • #43,658
  • Jul 13, 2023 9:34am Jul 13, 2023 9:34am
Quoting MuniFX
{quote} no pain no gain, no risk no fun, you can do whats comfortable to you, but might miss opportunities, not trading when you dont have an edge is a valid decision.. only you can decide if you want to participate i see lots of opportunities, an option if you ar not 100% sure is start with smaller size than usual and increase when you feel more convinced/confident... good luck!
First of all thank you for a beautiful advice. I also see some short opportunities on EU GU NU and AU but little bit afraid of strong trend that's why I had to ask senior trader suggestions
  • #43,659
  • Jul 13, 2023 9:41am Jul 13, 2023 9:41am
being wrong is part of the game
your concern is valid because trends can be longer then one can anticipate
question always is what can you tolerate to risk if you are wrong
if the risk makes you feel unpleasant its better to step away and wait and watch markets for next opportunites, which will always be there
Muni loves you all!
  • #43,660
  • Jul 13, 2023 9:55am Jul 13, 2023 9:55am
Quoting MuniFX
being wrong is part of the game your concern is valid because trends can be longer then one can anticipate question always is what can you tolerate to risk if you are wrong if the risk makes you feel unpleasant its better to step away and wait and watch markets for next opportunites, which will always be there
For now it looks like the risk is much greater than reward so I would wait and see if market gives me another opportunity. That's why I love senior traders if you are confused and don't understand, they give you really clear way to cop a difficult situation...........thanks once again for your kind words.
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