Pivot Trading

Quoting benadil

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Nice thread Davits I would like to know how you manage your trades when you take your profits and how you trail your stops and when you decide to exit the trades. Also would like to know whether you take trades at 38 levels or you wait for reversals at the 61 78 and 100 levels thank you

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Quoting piptime

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Here comes the ban hammer in 5, 4, 3, 2,. I would know lol

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Quoting benadil

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{quote} ok guys cool down deleted all posts wont say a word in this thread

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Quoting jnetfx

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i am long AU from just below the weekly pivot. SL below the current weekly low. TP just above R38. mainly based off iron ore strength, and reduced risk of RBA rate cut in Q4. will also add a long at today's daily S1.

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Quoting Davit

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{quote} Hi buddy Just be aware that Aussie will studly decline.I get that drift already.Click on Calendar for next week and you'll see lots of Chinese data coming.Early signs are not good. Recent CPI "good news" was a joke.Only things went up were fruits but hard commodities were in decline.That's the reason the Spike was consumed rather fast. regards

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Quoting jnetfx

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thanks Davit. i am wary. as always. thanks for the heads-up. i am also looking at COT which still suggests there may be a move to the upside. and sentiment seems to be bearish on AU with retail. which also makes me want to go long. i might close at the daily pivot, if london is impotent. i just cant see a big move down next 2 days. but... drift... yes, i can also see that... {quote}

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Quoting Davit

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{quote} GM guys.AS I alreadyt mentioned before I am in training for new job and shitload to study 8hrs at job site and many hours at home studying hence my reduced postings. Thank you Mike I was under the illusion it was a new indi but you cleverly overlapped the two.Works! thanks again

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Quoting dab

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{quote} Not sure what you are seeing in COT, but if it's that large specs are long, have a look at how they were positioned for most of the April / May fall this year {image}

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Quoting griffinssoul

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{quote} congrats D on the new job !!!!!!!!

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Quoting griffinssoul

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{quote} 2 basic ways to read COT - first is comparing current large specs to historical extremes [for AU it was like in 2013 for longs] ..... so they have 'room' to trend price higher [not sure if jnetfx meant this] ...... the second way is from major transition-points [which happened in feb of this year for long]

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Quoting Davit

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Short UC ATM

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Quoting Davit

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{quote} In my opinion for swing trading COT is useless.Lot of institutional positions are long term which is meaningless in terms of swings. In longer terms like monthly AU should reach below 73 by DEC before rate decision but could drop lot lower..I never looked at COT for my trading. regards EA finally reached WP and should it reach 38R that would be great.Still have DD on this but substantially less now.

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Quoting Davit

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{quote} Thanks buddy on me GS I have a favor to ask you Would it be possible combining these 2 indicators.Like the idea of pivots going back a little like in the image. take a look see if its possible. Below is just 2 indicators on top of each-other but rather have 1 indicator doing it.Notice one of them does not have 78 which to me is critical level.Higher numbers are less important since they don't get hit often.Also love the lines to touch the price on right as in the original indicator you worked on. If its PIA how...

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Quoting griffinssoul

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{quote} yeah the indi that i did could be like made to show previous weeks pivots like the chart on top ....... will have a look ....... im so slow wit these tings ....... i bet someone like Nico could do it like in 2 minutes ........

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