Pivot Trading

Quoting mental9tyfx

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Sharing some results. I kept to my plan, USD trade plan worked quite well all around 90-100pips. On some USD pairs, I may have got in too early as we dont know when movements can take place. At times, price rallied, pulled all the way back to near my entry before rallying again. One mistake I made was trading directly in front of CPI because it was sitting on top of my support line. I moved my stop to BE, however the price reversed and took me out. I still consider this a good trade technically, but in terms of risk, it was a mistake in my opinion....

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Quoting emmanuel7788

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{quote} at mid-week we are in a Bear market ... and we have not seen the bottom wick of this week yet... you have your Buy Stop Loss in place, therefore you are safe. {image} ...

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Quoting emmanuel7788

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{quote} EU Week50 Dec 11 to Dec 15 - new week new pivot levels {image} ...

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Quoting acsandrei

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AU short beautiful setup on R61 {image}

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Quoting emmanuel7788

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{quote} EU Week 51 Dec 18 to Dec 22 UPDATE: - while Davit is still away on his long vacation, I will provide some posts to keep Davit's sharing and caring spirit alive .. - Weekly sideways conditions - buying at the moment until the correction which can happen anytime at R38, R68 and R78 ... R100 is 'too far-away' if you build sell positions nows ... - if you are holding to shorts for any reason, make sure you have some free margin for the correction trades... - remember what Davit said many times about margin and he had to free up some margin by...

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Quoting mizi123

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Week's in wich price comes from boxes like previous one are with high high propabilities for failing in weekly PP next one don't forget these {image}

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Quoting emmanuel7788

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{quote} EU Dec 21 - today US data release - if better than forecast and previous - it will be pro-USD - possible sell at BRN 11000 / R38 - my last sell at R38 were stopped out. {image} * I am waiting for Davit t reply my message. I think he went back to his home country Armenia and probably spend Christmas with his elders. ...

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Quoting emmanuel7788

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{quote} EU Week 52 - on the 1st to 5th day of X-Mas - nice push higher and reverses at R100 - looks like all the bull positions traders closing shop for the year-end {image} > Have good one folks . ..

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Quoting sahitya

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I have been thinking about trading this system, but I have one doubt (sorry if it's dumb) How do you enter? Do you enter as soon as the candle closes above the line, or do you wait for some sort of candlestick pattern?

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Quoting emmanuel7788

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Davit's reminder is before you start trading, plan your trades with the calendar in mind, know the big events which will move the market, {image} ...

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Quoting emmanuel7788

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{quote} EURUSD Week02 Jan 09 to 12 - sell at the moment - but what happens when price reaches S61 and S78, and there is BRN 1.0800 {image} ...

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Quoting emmanuel7788

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{quote} EURUSD Jan 15 to Jan 19 - still in sell mode - this week range has been narrow and so the pivot levels next week would be pretty tight. - plan your positions carefully and remember to trade smaller lots, {image} As usual check your calendar and select your pairs and plan your trades, problem in the Middles East will have some impact on oil prices and CAD, {image}


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