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Pivot Trading

  • #3,921
  • Oct 10, 2016 11:47pm Oct 10, 2016 11:47pm
Quoting Davit
Closed AJ +138pips in less then 1hour {image}
Hi Davit, what reason exit that trade?
Its because end of the day?

im sorry, i dont see any major swing.

thanks.
I know one thing, that I know nothing - Socrates
  • #3,922
  • Oct 11, 2016 12:21am Oct 11, 2016 12:21am
Quoting Davit
pipsniper007 what's new with you.You have been noticeably absent.Hope you are ok.

Davit and pivoteesrs ........hope you well ..........its the last quarter for work at my side before closing down for the year so i am piled up with work, i cant install MT4 at my work pc and wen i get home at nite ive already missed all good setups

I have FF open at work so i check up now and again to see whats good, i leave early today and hope to see something worth getting involved in

Tomro i am off and will be looking to take positions for a few days to end off the week
  • #3,923
  • Oct 11, 2016 12:43am Oct 11, 2016 12:43am
Quoting Tamarind77
{quote} Hi Davit, what reason exit that trade? Its because end of the day? im sorry, i dont see any major swing. thanks.
my target was WP and it got very close to it and since I had 5 positions on it was able to hit satisfactory profit then I got out.Interestingly since I got out PA became bullish
Market does not always gave you what you expect..
In trading, you have to be defensive and aggressive at the same time
  • #3,924
  • Oct 11, 2016 12:46am Oct 11, 2016 12:46am
Quoting pipsniper007
{quote} Davit and pivoteesrs ........hope you well ..........its the last quarter for work at my side before closing down for the year so i am piled up with work, i cant install MT4 at my work pc and wen i get home at nite ive already missed all good setups I have FF open at work so i check up now and again to see whats good, i leave early today and hope to see something worth getting involved in Tomro i am off and will be looking to take positions for a few days to end off the week
looking forward
In trading, you have to be defensive and aggressive at the same time
  • #3,925
  • Oct 11, 2016 12:49am Oct 11, 2016 12:49am
DAX30 potential shorts when the Market opens.

Green pips to all!!)
Attached Image (click to enlarge)
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Success is nothing more than a few simple disciplines, practiced every day.
  • #3,926
  • Oct 11, 2016 12:55am Oct 11, 2016 12:55am
Quoting Machinator
DAX30 potential shorts when the Market opens. Green pips to all!!) {image}
Barev Davit
glad to see you post here.welcome back
can't trade Dax unfortunately
In trading, you have to be defensive and aggressive at the same time
  • #3,927
  • Oct 11, 2016 1:02am Oct 11, 2016 1:02am
Nikkei starting to turn if it continues then UJ shorts on the cards
Attached Image (click to enlarge)
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  • #3,928
  • Oct 11, 2016 1:04am Oct 11, 2016 1:04am
UJ is past 104 now, I shorted too soon got sl'ed.
  • #3,929
  • Oct 11, 2016 1:04am Oct 11, 2016 1:04am
AN getting close to 100R very strong Resistance here
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #3,930
  • Oct 11, 2016 1:08am Oct 11, 2016 1:08am
Quoting dttsomh
UJ is past 104 now, I shorted too soon got sl'ed.
I posted lot about UJ PA today hope it turns around soon for you
Had you followed PA and all my system check and balance points you wouldn't had short UJ.
Guys please follow my system as I laid out otherwise you will lose money.
In trading, you have to be defensive and aggressive at the same time
  • #3,931
  • Oct 11, 2016 1:10am Oct 11, 2016 1:10am
Quoting Davit
{quote} I posted lot about UJ PA today hope it turns around soon for you
Yes just noticed your posts. I'm trying to face myself with mistakes on my own sometimes, if I will just look for insight forever I will never properly learn.
Thanks best wishes for you too.
  • #3,932
  • Oct 11, 2016 1:17am Oct 11, 2016 1:17am
Quoting dttsomh
{quote} Yes just noticed your posts. I'm trying to face myself with mistakes on my own sometimes, if I will just look for insight forever I will never properly learn. Thanks best wishes for you too.
Its fair I totally understand Just one thing though.Urgency to get in the market is great because all you have to do is press a button but mental part of showing restrain is what makes the difference of successful consistent trader vs impulsive one.Not saying you are impulsive but that's common with almost all new traders.Takes at least 4-5years to rein in that urge and wait for set up.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #3,933
  • Oct 11, 2016 1:25am Oct 11, 2016 1:25am
I thought 104 aligns nice with R38 and price kept moving on R38 back and forth.
After I made the trade I looked into this thread to find out how wrong I was Will not happen again so clumsy.


These are my new entries after I've hit sl eariler.
TDI crossing down, M5 M15 M30 arrows down, H1 is straight. While editing now its +22 Pips and a big drop is forming.
Attached Image (click to enlarge)
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  • #3,934
  • Oct 11, 2016 1:27am Oct 11, 2016 1:27am
Quoting dttsomh
I thought 104 aligns nice with R38 and price kept moving on R38 back and forth. After I made the trade I looked into this thread to find out how wrong I was Will not happen again so clumsy. These are my new entries after I've hit sl eariler. {image}
there is lots of time between now and weds.PA may drop 50-75pips before weds.
So your new trades are ok.Need to wait.
In trading, you have to be defensive and aggressive at the same time
  • #3,935
  • Oct 11, 2016 1:38am Oct 11, 2016 1:38am
One of my favorite books is REMINISCENCES OF A STOCK OPERATOR
About greatest trader that I think ever lived Jesse Livermore Massachusetts native where I live now not far from his town.
He blew his fortune at least 3 times busting millions in the 20's and 30's million dollar was huge money back then..At one point he was broke right after blowing an account and he borrowed 10k from a banker friend.He spent 2months reading the tape.Back then there was no charts and marking pivots and important key support and resistance levels and when everything lined up he started his orders and within very short time his account went up to 100k.Moral of this story is restrain he showed to wait for set up and got rewarded real well.
Its very inspiring book very fascinating character.He also used aggressive multi entries building positions.
Jesse Lauriston Livermore
In trading, you have to be defensive and aggressive at the same time
  • #3,936
  • Oct 11, 2016 1:44am Oct 11, 2016 1:44am
Long NZDUSD
More Short USDJPY
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  • #3,937
  • Oct 11, 2016 2:01am Oct 11, 2016 2:01am
gbpcad short from 16230

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  • #3,938
  • Oct 11, 2016 2:05am Oct 11, 2016 2:05am
Looking nice. First PA candle that will show me reversal sign will be my tp.
Attached Image (click to enlarge)
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  • #3,939
  • Oct 11, 2016 2:07am Oct 11, 2016 2:07am
Quoting Blackopal
Wow, such a popular thread! one night shift and i have to read 6 pages to catch up. My UC shorts hit TP at 1.3152 for about 400 pips while I was working. A bit of a relief as I entered part of trade too early last week and had DD at the peak (but took more entries as it rose). Over the week end "Analysts" announced a "clear break" from range. I'm very happy to see the break was false, and this pair is still in the range which has paid many pips. Holding AC shorts from last week, similar story to UC, now in minor profit. Short AU today, nice bear...
Nice trading Blackopal.

Similarly short UC - took +300 pips profit as began to retrace and still have +450 pips currently in the trade
Also short AU - which took a nice move lower overnight
Short AC - took +100 pips profit and now have a smaller position up +100
Exited ECHF for +100 pips at WP.
Exited all of EG for a loss of -900 pips.

I can't see a reversal in sterling for some time so took the loss and will move on to other more profitable less volatile pairs.
  • #3,940
  • Oct 11, 2016 2:17am Oct 11, 2016 2:17am
Quoting Davit
{quote} my target was WP and it got very close to it and since I had 5 positions on it was able to hit satisfactory profit then I got out.Interestingly since I got out PA became bullish Market does not always gave you what you expect..
thank you Davit, im satisfied with your answer.
I know one thing, that I know nothing - Socrates
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