Pivot Trading

Hi Muni,

Thanks for your reply, you are right to notice my forex performance and lack of profit. I also appreciate your thorough analysis of my trading performance.
For me the focus has been on Indices, Silver, Oil etc as the margin vs returns are better, much lower margin requirements. You're right, lots of improvements required when it comes to forex pairs.

Hi Traders ,
I sincerely hope that we are all improving with our trading abilities every day/week/year.
For me , it took a long time to understand the significant differences of a 4 Hour chart versus a 1 hour chart , and the differences between a 1 hour chart and a 1 minute chart. The answer is DETAILS !!!!
I'd make an entry on a 1 minute chart or a 15 minute chart and I would either end up with a loss or in drawdown for a longer period of time than I wanted.
The REASON was , I HAD NO IDEA WHERE I WAS IN THE TREND WHEN I MADE MY ENTRY. YOU HAVE TO UNDERSTAND WHERE YOU ARE EXACTLY IN THE PREVAILING TREND AT ALL TIMES.
So , take a look at the charts of the UC this past week (which will follow). Ask yourself , "Would I be long or short ?" , "Why would I be long or short?"
"What is the MASTER TREND ?" , "Is PRICE following the trend or retracing ?"--Don't get caught entering a trade at the INCORRECT PRICE POINT OF A RETRACEMENT !!!! Been there , got waaaay too many of those tee-shirts.
These vital questions about your trades should be answered either Friday night after the market closes or today(Saturday). Then , you are ready for the
market open. Study the charts and burn it into your brain where the BEST ENTRY AND EXIT POINTS ARE. CHART DETAIL WILL CLEARLY SHOW IT TO YOU.
Sincerely , GE
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NOTICE THE CHANGE IN DETAIL OF THE PA WITH EACH LOWER TIME FRAME. There was a time that I thought that I was trading , when in reality , all I was doing was reacting to price changes.---Recipe for disaster , and it was. Notice where the trend changed to LONG. LEARN WHAT THAT STRUCTURAL CHANGE LOOKS LIKE ON A CHART AND REMEMBER IT-----If there is such a thing as The Holy Grail of Trading , identifying what that change looks like on a chart , was the #1 breakthrough for my success in Forex Trading. From that point on , I always knew exactly where I was in relation to the PA of my currency pair and where my entries should be made as well as exits. When you make a highly successful entry , you should only be in drawdown for a few minutes. STUDY HARD so that your trading will be easy. LOOK at the PIVOT POINTS that DAVIT so graciously shared with us. MAGICAL---truly is !!!!

Thank you！ Could you share your thoughts on the difference between trading index and currency? Is it easier to trade indices? Currencies is not easy. Lot of times when we try to trader reversal, we get caught in a trend.

EU is approaching to interesting resistance zone

NU and NC also interesting... i'm watching them

Hi Traders , IF --IF---If PA on the Chart of UC takes us above the current previous HIGH , established at 1.36312 , then , there is a HIGH PROBABILITY that the UC will reach the WPP of 1.36672 (or close to it) , BOUNCE POSSIBLY LOWER , then resume it's move UPWARD.
ANYTHING CAN HAPPEN IN FOREX !!!! How many times have we all heard that phrase , BUT , it's TRUE , BECAUSE (as Mark Douglas states , "...it only takes one trader , one trader in the World to negate your trade.")
IF---IF---IF PA takes us BELOW 1.36139 , then , the TRADE IS NEGATED !!!!
Still waiting on the sidelines
GE

Hi Traders ,
Same setup on UC , 30 minutes later , you can see that we traded LOWER to NEGATE that trade , AT THAT TIME !!!
The UC pair posted 3 successive lows , which means the ORDER FLOW is still BEARISH , BUT , the low of 136139 was NOT BROKEN , IF that Price breaks , then the UC HAS A GOOD CHANCE of trading lower to the psychological area of 1.3590-1.3600.

Trader's in my previous post , I meant to print 1.36152 and NOT 1.36139 , BUT , at the time of writing both prices are still in play.
I'm waiting for a PUSH UPWARD as a result of the NEWS RELEASE coming up at 11:00am AST.

Sincerely ,
GE

Hi Folks ,
Oops forgot the chart !!!

GE

Hi Folks ,
This LONG TRADE is unfolding nicely at the moment.
GE

Shorting GU

More simple AMIN

AJ

Why NJ need's to been taken in consideration!

EG - could have potential at this support zone. 4H PB.

Hi Everyone ,
My UC trade is coming along quite nicely. I expect to see this Trade hit the 1.3715-1.3730 area possibly today or Thursday or Friday. On this Trade , I have managed to capture the majority of the pushes LONG.
GE

For Those Very Serious Trader's
Look at the PA of the UC pair , highlighted by the rectangle on the FAR LEFT. Mostly BUYERS that dominated the direction of the pair
(there were seller's , you'll see them on a 5 minute chart quite clearly).
This ONE-SIDED PRICE ACTION created an IMBALANCE of PRICE with respect to this pair. MARKETS ARE ALWAYS SEEKING
EQUILIBRIUM !!!
In order to EQUALIZE the PA of this pair , a FUTURE SHORT TRADE MUST OCCUR , to ATTEMPT to put the PA back into EQUILIBRIUM.
The PA highlighted in the rectangle on the RIGHT clearly shows DOMINANCE by SHORT SELLERS. This was an ATTEMPT by SHORT
SELLERS to RE-BALANCE this pair !!!
In the charts that I have posted displaying my current , TREND FOLLOWING TRADE , I have been LONG with the BIAS that PA will
now try to RE-BALNCE THE (previous) SHORT TRADE PA with this LATEST LONG TRADE PA.
These are the opportunities that I look for , LARGE MARKET IMBALANCES.
Cheers,
GEAttachment g
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Attachment g

Hi Folks ,
I see that the GBP/USD trade , posted by Nittohanns , is garnering a nice profit.
GE

EU at an interesting area.

G morning friends both have worked out

UC is in interesting area.............