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Pivot Trading

  • #3,221
  • Sep 28, 2016 2:21pm Sep 28, 2016 2:21pm
Thank you. I'm on it right now.
  • #3,222
  • Sep 28, 2016 2:23pm Sep 28, 2016 2:23pm
Quoting ThirdConfig
{quote} Nice! I came home to +94 on a CJ long and my AC shorts were pausing around a BRN. Felt like a good spot to take profit. +232 Notice the rejection candles of S78. {image} Entered after a H1 pinbar right of R100. {image}
great jobkeep it up.With each correct methodology your confidence will increase until it becomes child's game
In trading, you have to be defensive and aggressive at the same time
  • #3,223
  • Sep 28, 2016 2:35pm Sep 28, 2016 2:35pm
Quoting baddrop
Thank you. I'm on it right now.
It gets really interesting from 2part on.Most people here are clueless how price moves.This is critical to get which explains why spikes happen.
Its the reason why I spread my trades and reason why I do what I do.
In trading, you have to be defensive and aggressive at the same time
  • #3,224
  • Sep 28, 2016 2:46pm Sep 28, 2016 2:46pm
Quoting Davit
{quote} It gets really interesting from 2part on.Most people here are clueless how price moves.This is critical to get which explains why spikes happen. Its the reason why I spread my trades and reason why I do what I do.
Thank you for sharing that link Davit, listened to the audio book whilst driving a while ago but watching and listening to him has more impact.
  • #3,225
  • Sep 28, 2016 2:58pm Sep 28, 2016 2:58pm
Quoting Patrickology
{quote} Thank you for sharing that link Davit, listened to the audio book whilst driving a while ago but watching and listening to him has more impact.
You welcome.Once you truly understand Mark D then fear of trading evaporates.This is so huge.When you stop fearing the market you mind clears and it becomes just probability game.
Edge over series of trades without fear.
This is truly in my opinion professorial level of trading mind.Average retail trader dies and lives with each trade and marries to loser until account is busted.My goal is to get people with already some experience to push them to pro level,Break the wall which stops you taking from market $$ at will.This is why I am harsh on new traders because frankly they are not ready.
You have to experience the pain to understands the need wanting to change.
cheers
In trading, you have to be defensive and aggressive at the same time
  • #3,226
  • Sep 28, 2016 3:16pm Sep 28, 2016 3:16pm
Psycho cybernetics by Maxwell Maltz
perhaps best author I read which works beautifully with Mark Douglas
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In trading, you have to be defensive and aggressive at the same time
  • #3,227
  • Sep 28, 2016 3:21pm Sep 28, 2016 3:21pm
Quoting Davit
{quote} It gets really interesting from 2part on.Most people here are clueless how price moves.This is critical to get which explains why spikes happen. Its the reason why I spread my trades and reason why I do what I do.
I found that is very interesting too. Whenever I saw a spike when big drop, I am thinking about MM and I can visualize all the stop loss for retail traders. Now I do not put stop loss at all but I only select low ATR pairs around 100.
  • #3,228
  • Sep 28, 2016 3:30pm Sep 28, 2016 3:30pm
Quoting inforserve
{quote} I found that is very interesting too. Whenever I saw a spike when big drop, I am thinking about MM and I can visualize all the stop loss for retail traders. Now I do not put stop loss at all but I only select low ATR pairs around 100.
or you can do what I do set your stop not in pips but actual dollar amount.
Example you decide to short AC
set aside 200 budget for that trade. Break up lots to mini lots.Enter as needed and as long as your 200 dollar is not consumed in drawdown you are ok.Once you hit 200 then you get out.
200 is just example you can decide whatever based on your account size.Stops are necessary no matter how you do it.
In trading, you have to be defensive and aggressive at the same time
  • #3,229
  • Sep 28, 2016 3:34pm Sep 28, 2016 3:34pm
Quoting mch1970
Hope some green pips have been made on the oil news. I limited my CAD exposure mainly to AC and a smaller position in UC. Taken +400 pips on AC on the move from R100 to near R38 and still have +450 still currently live in the trade. AC was my preferred choice to play the CAD story, as we have a missed WP this week as well as one last week, so potentially a monster move lower. Currently +150 pips in a light UC position. Still down slightly -140 pips in ACHF as it moves towards R78, so will monitor any further upward momentum, however all ACHF trades...
Great !!! consistency on three months... Keep posting your great trades.
I guess you are targeting profit target as WP most of time. I like this idea.
  • #3,230
  • Edited 4:44pm Sep 28, 2016 4:01pm | Edited 4:44pm
Quoting Davit
{quote} or you can do what I do set your stop not in pips but actual dollar amount. Example you decide to short AC set aside 200 budget for that trade. Break up lots to mini lots.Enter as needed and as long as your 200 dollar is not consumed in drawdown you are ok.Once you hit 200 then you get out. 200 is just example you can decide whatever based on your account size.Stops are necessary no matter how you do it.
Thanks Davit for reminding me the stop loss. Yes, I do have stop loss for basket of trades.

Cheers;
  • #3,231
  • Edited 5:18pm Sep 28, 2016 4:50pm | Edited 5:18pm
Quoting Davit
{quote} Just want to share that If you are UC short at about 4 to 4.30 price may drop lower generally when people take their profits for the day. Yesterday even dropped below 32 so go enjoy your day and check around 4-4.30pm Don't close at exactly 5pm you will pay huge spread.
Thanks for the info..
Missed the opportunity...
due to sleeping time...

Likes all the info and your thought posted here Davit...
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #3,232
  • Sep 28, 2016 5:15pm Sep 28, 2016 5:15pm
http://www.miningweekly.com/article/...28/rep_id:3650

Chinese authorities decide to increase coal output as previous cut backs had greater impact than anticipated. Aussie coal prices have risen appx. 40% on increased demand.
  • #3,233
  • Sep 28, 2016 5:59pm Sep 28, 2016 5:59pm
good morning pivoters
these happens while im sleeping i put my TP toooooooooo close

UC +190
AC +119
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  • #3,234
  • Sep 28, 2016 6:52pm Sep 28, 2016 6:52pm
Aussie shows SOW,, adding first bullet
  • #3,235
  • Edited 7:17pm Sep 28, 2016 7:05pm | Edited 7:17pm
sorry I meant to say thanks to all for help with the fibp's.

Nice set up bar on h1 AU and thats a harmonic butterfly from the previous high, waiting for a tdi cross. cheers
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  • #3,236
  • Sep 28, 2016 8:06pm Sep 28, 2016 8:06pm
Quoting dabs99
sorry I meant to say thanks to all for help with the fibp's. Nice set up bar on h1 AU and thats a harmonic butterfly from the previous high, waiting for a tdi cross. cheers {image}
You are removed from this thread.
You can't follow simple request not to add additional indicators.Funny part had you watched Mark Douglas video about how price moves then you would of realized how ridiculous market profile or volume is.You obviously have not watched it.
Please join the forum where you picked that from!

My 1st page is updated with clear bold statement about additional indicators.If you can't comply you can't trade here simple as that.
In trading, you have to be defensive and aggressive at the same time
  • #3,237
  • Sep 28, 2016 8:31pm Sep 28, 2016 8:31pm
EA TDI turning north
Great zone and fits the system not going to share my every live trade but will on occasion.Don't want this becoming free signal service thread.You got the tools and should not be hard finding set ups and taking trades.
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In trading, you have to be defensive and aggressive at the same time
  • #3,238
  • Sep 28, 2016 8:38pm Sep 28, 2016 8:38pm
Quoting lordgbengs
) Algeria Says Saudi Arabia Offered to Cut Output to January Level (Bloomberg) -- Cutback was offered among other proposals, Algeria Energy Minister Noureddine Boutarfa says in news conference in Algiers. * NOTE: Saudi Arabias oil output was 10.2m b/d in Jan., vs a record 10.69m b/d in Aug., according to data compiled by Bloomberg * Earlier Sunday: Algeria Sees Oil Market in Critical Shape Ahead of OPEC Talks Source: Bloomberg I opine this is positive for Oil and commodity currencies like CAD while we...
How is things with you? Did you miss the Cad party?
In trading, you have to be defensive and aggressive at the same time
  • #3,239
  • Sep 28, 2016 8:53pm Sep 28, 2016 8:53pm
Quoting Blackopal
http://www.miningweekly.com/article/...28/rep_id:3650 Chinese authorities decide to increase coal output as previous cut backs had greater impact than anticipated. Aussie coal prices have risen appx. 40% on increased demand.
Thanks for the heads up.I doubt it will have an impact on Aussie dollar or if it has its already priced in.
thanks again
In trading, you have to be defensive and aggressive at the same time
  • #3,240
  • Sep 28, 2016 8:57pm Sep 28, 2016 8:57pm
NU has been ranging for a while but will fall hard before Nov decision which market anticipates a cut to 1.75 from 2
ATM I am leaving it alone but its on my watch list. I don't anticipate break of 38R.Its too weak for that
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In trading, you have to be defensive and aggressive at the same time
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