Pivot Trading

Quoting mch1970

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{quote} Agree with logic - profits and drawdowns can correlate with lot size. However, I'm careful to build positions in pairs where I understand the fundamentals and generally trade those pairs in one direction. For example UC, NU, NC and AU, I trade 99% of the time on the short side. So if I start building a position at say the S38 level and it spikes to S61 or S78 or even S100, then I'm careful not to be fully loaded in terms of max positions at the S38 level. I make sure I have room to add to my basket if price moves out, as eventually it will...

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Quoting mraam

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{quote} Morning afternoon evening brother.. Im on the fence for UC, price is stuck at 1.30 for the past 7/8 hours. Im on EA (+29) Cheers MR

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Quoting Davit

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Lot of majors are close to key R zones Right now its just wait and see time much like predator watching prey {image}

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Quoting Arjun-LE1

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USDCAD Long. TP R61. SL 29 pips. {image}

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Quoting dnl

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Today is no trade for me ..I only trade in several demo acc. Green pips to you all pivoters.. i still havent found the best broker to trade with.. Im sorry this is out off topic to talk here, but maybe some of you can give advice which broker should i consider to use. Right now im running demo acc from octafx, icmarket and justforex i love low spread, but i hate commission and swap

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Quoting DemandSupply

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{quote} Hi Davit, I have been trying my best to tune the Davits pivots indicator to match up with your pivot point and R and S levels. Reference to your post at 2066. But I have not been successful. Tried various combinations but no luck. could you please guide me. My AUDUSD DAILY chart shows the levels on my trading platform which are very off from yout pivot levels. The pic as per your template is also attached. {image} {image}

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Quoting Davit

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I posted my thought process and seemed kind of got lost When markets starts on Monday we don't know the direction until London and NY kind of reveal their cards.We had very bullish USD Friday based on Yellen's comments and so far all majors are still vulnerable to be sold off against USD.So selling UC is premature.Like I said lets wait. Still waiting EG to get pushed higher and I am long on AN now

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Quoting pipsniper007

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{quote} Davit Agreed ....closed in small profit .....got bored and its lunchtime for me now hahaha Will be back for NY

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Quoting mch1970

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{quote} Agree with logic - profits and drawdowns can correlate with lot size. However, I'm careful to build positions in pairs where I understand the fundamentals and generally trade those pairs in one direction. For example UC, NU, NC and AU, I trade 99% of the time on the short side. So if I start building a position at say the S38 level and it spikes to S61 or S78 or even S100, then I'm careful not to be fully loaded in terms of max positions at the S38 level. I make sure I have room to add to my basket if price moves out, as eventually it will...

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Quoting Davit

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{quote} I trade with Oanda.Never had issues and I like the fact they are big chance of going bankrupt is smaller whatever you do don't sign up any broker who is off-sure island.Most cases you will not see your money ...

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Quoting dnl

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{quote} please forgive my OOT post Davit.. oanda leverage is 1:50 and thats out of my wallet

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Quoting mkfx

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{quote} Thanks for reply Really your trading is great if you are managing 50% PM with floating loss less than 10%. I cannot even think better than that in live account. Just keep posting some of your trades to inspire all others who is learning this system. Thanks MK

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