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Pivot Trading

  • #601
  • Jun 20, 2016 7:28am Jun 20, 2016 7:28am
NU so far cant break 38R
AC hits 9560 will most likely short again
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In trading, you have to be defensive and aggressive at the same time
  • #602
  • Jun 20, 2016 7:40am Jun 20, 2016 7:40am
AZ might reach r38 from pivot...its a rising trend anyway.
who dares wins
  • #603
  • Jun 20, 2016 7:40am Jun 20, 2016 7:40am
Quoting Piece Of The Pie
Anyone looking at shorting NZDUSD based on this method? I did.
I did also,
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  • #604
  • Jun 20, 2016 7:53am Jun 20, 2016 7:53am
Im looking at NU & according to my chart price is hitting r61, but with you guys it's still on r38. Can anyone advise?
who dares wins
  • #605
  • Jun 20, 2016 7:58am Jun 20, 2016 7:58am
Quoting MasterJedi
Im looking at NU & according to my chart price is hitting r61, but with you guys it's still on r38. Can anyone advise?
broker time difference. Mine most likely will catch up with yours.
In trading, you have to be defensive and aggressive at the same time
  • #606
  • Jun 20, 2016 8:04am Jun 20, 2016 8:04am
Im on a demo account that's why I think. I changed the parameter to exclude 'broker' candle & I seem to be on the same page now (roughly). Yes the NU isn't getting through r38. So who went short?
who dares wins
  • #607
  • Jun 20, 2016 8:05am Jun 20, 2016 8:05am
Quoting MasterJedi
Im on a demo account that's why I think. I changed the parameter to exclude 'broker' candle & I seem to be on the same page now (roughly). Yes the NU isn't getting through r38. So who went short?
In trading, you have to be defensive and aggressive at the same time
  • #608
  • Jun 20, 2016 8:08am Jun 20, 2016 8:08am
Ok so this is confusing. Should I include the broker candle then?

Did you go short? I wish I had, look at the 15mins chart...muchos $$$$$
who dares wins
  • #609
  • Jun 20, 2016 8:15am Jun 20, 2016 8:15am
Crude oil might hit a wall after this marathon run upwards, if it begins to show weakness its time set sight on those commodity shorts. Took short NU earlier, a bit premature, but fortunately I've learned where to put stops...

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Better to run, than curse the road
  • #610
  • Jun 20, 2016 8:23am Jun 20, 2016 8:23am
Quoting steve2010
Crude oil might hit a wall after this marathon run upwards, if it begins to show weakness its time set sight on those commodity shorts. Took short NU earlier, a bit premature, but fortunately I've learned where to put stops... {image}
Steve welcome.I also track movements of crude.Agree with you
Love to see UC 29+ to hummer shorts
regards
In trading, you have to be defensive and aggressive at the same time
  • #611
  • Jun 20, 2016 8:25am Jun 20, 2016 8:25am
I'm interested in understanding your SL. Over the PA or other formations above the pivot. Your SL are not seen. Thanks for the reply.
Quoting Davit
{quote} ?? could you elaborate more please.
  • #612
  • Jun 20, 2016 8:30am Jun 20, 2016 8:30am
Quoting Bentleyman
I'm interested in understanding your SL. Over the PA or other formations above the pivot. Your SL are not seen. Thanks for the reply.{quote}
I answered this multiple times here and may save it for future reference

I don't use traditional hard stops.I trade totally different them most traders.I use real actual $$ for stops and not pips.
Example I like to short NU 7120
My budget for this is 2-3% of account risk say $500 for example.I then enter trades on mini lots and as long as my 500 is not consumed on DD and I am still confident of my trade I stay on it.I may choose to get out early but most times my SL is predetermined.This allows me to cast a wider net. So my 10mini lots can cover 50pip distance hence capture better RR
There is advantage to trade this way.Should PA go against you and you no longer like the trade you can get out by fraction of lot invested hence your loss is minimal instead of traditional 1 trade 1lot per trade when if wrong loss is substantially higher.
Hope that answers you
In trading, you have to be defensive and aggressive at the same time
  • #613
  • Jun 20, 2016 8:38am Jun 20, 2016 8:38am
Thanks for the answer I understand.
Quoting Davit
{quote} I answered this multiple times here and may save it for future reference I don't use traditional hard stops.I trade totally different them most traders.I use real actual $$ for stops and not pips. Example I like to short NU 7120 My budget for this is 2-3% of account risk say $500 for example.I then enter trades on mini lots and as long as my 500 is not consumed on DD and I am still confident of my trade I stay on it.I may choose to get out early but most times my SL is predetermined.This allows me to cast a wider net. So my 10mini lots can...
  • #614
  • Jun 20, 2016 1:16pm Jun 20, 2016 1:16pm
Quoting Davit
{quote} Daily open is S/R it creates a bias.Its on my template for a reason.I always like to know DO and ADR distance from that line. If pair travels average 20days 72pips like NU and manages to travels 130pips in 1day from DO then probability of correction is great or you should be cautious of getting in on LATE party after the move is exhausted. I usually get in on beginning of the move rarely on tail end. so far AC can't break 9560
Davit, thanks for this insight on trading DOL
  • #615
  • Jun 20, 2016 2:16pm Jun 20, 2016 2:16pm
hello gud morning
what is the right value in this section of daily open line indicator?
i am living in saudi arabia (GMT +3)
BECAUSE WITH DEFAULT parameter it shows 2 DOL suppose once daily?
3nx
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  • #616
  • Jun 20, 2016 8:31pm Jun 20, 2016 8:31pm
Quoting forexer11
hello gud morning what is the right value in this section of daily open line indicator? i am living in saudi arabia (GMT +3) BECAUSE WITH DEFAULT parameter it shows 2 DOL suppose once daily? 3nx {image}
adjust the line + or - until you get NY5pm.
In trading, you have to be defensive and aggressive at the same time
  • #617
  • Jun 20, 2016 8:36pm Jun 20, 2016 8:36pm
missed this beauty.I was at work. LOve AC my favorite range pair
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In trading, you have to be defensive and aggressive at the same time
  • #618
  • Jun 21, 2016 2:24am Jun 21, 2016 2:24am
I'm also looking at AC but wondering if it is going to break through that resistance on the way higher
4hr definitely shows higher highs and higher lows, spotted it this morning, been thinking about it all day at work.
Came home and took a small gain short of the board, one still running. I see the divergence also.
Could go either way in my view, gonna watch it closely tonight
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"You know what needs to be addressed , completely completely reverse that".
  • #619
  • Jun 21, 2016 2:57am Jun 21, 2016 2:57am
The ac looks like its heading back towards pivot on 15mins chart. I took a short under the r38 & looking good. Spread is 5.5 pips though, would need it to move quite a bit just to break even!
who dares wins
  • #620
  • Jun 21, 2016 3:01am Jun 21, 2016 3:01am
Just closed for $50 profit...next beer's on me! (do they accept demo money lol!). Will pay more attention to this AC pair, expensive spread but seems more predictable.
who dares wins
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