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Pivot Trading

  • #4,861
  • Nov 9, 2016 10:51am Nov 9, 2016 10:51am
CONGRATULATIONS to those last night who jumped on the Trump Train and got their Trump change $$.
  • #4,862
  • Nov 9, 2016 12:01pm Nov 9, 2016 12:01pm
Not always win, this is when i cut the bad trade.
NU -127
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM30.png Size: 56 KB
I know one thing, that I know nothing - Socrates
  • #4,863
  • Edited 5:01pm Nov 9, 2016 12:03pm | Edited 5:01pm
Quoting Davit
{quote} no liberal media got it all wrong. BS sampling polls showing Clinton lead etc. True sentiment was Trump rallies where average 20k people show up and Clinton could not even inspire fraction of that with big time Artist's support.What that meant people wanted honesty and change. To answer your question market is only reacting as tally tilting one or other way.So far all the funds are rushing to Euro. As to how long will that last? I don't know.
Thanks Davit,

your analysis on Euro pairs is correct. That was 12 hours ago.

I watch this pairs, and took the reversal step in shorting EURO.

Only one position as I ran out of capital to trade....
Attached Image (click to enlarge)
Click to Enlarge Name: EUR CAD Short.jpg Size: 150 KB
Let all the living things live blissfully
  • #4,864
  • Nov 9, 2016 1:16pm Nov 9, 2016 1:16pm
Davit, I have made some changes to the Pivots 3 indi you are using (actually re-used it's code). Since you said you have to think in zones term around 61, 100 weekly pivots, I have added to those pivots a 5.9% zone up and 5.9% zone down so you can see PA around them when checking the tdi as well. Zones can be filled or not.

Also changed the magnified price to also show the spread, if needed (removed the MA information).

I am using those two indis in another system, so perhaps you could find them useful.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 77 KB
Attached File(s)
File Type: mq4 WPivots.mq4   31 KB | 551 downloads
File Type: mq4 Magnified Market Price v2.mq4   3 KB | 426 downloads
  • #4,865
  • Nov 9, 2016 1:26pm Nov 9, 2016 1:26pm
My first setup with your system, i think it suits my style of trading as i like S&R and price Action.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_596.png Size: 47 KB
"Letting losses run is the most serious mistake made by most investors."W.O
  • #4,866
  • Nov 9, 2016 2:06pm Nov 9, 2016 2:06pm
So what happened the Nzd? cut the rate but it is gaining value. Bad loss for me.
  • #4,867
  • Nov 9, 2016 2:12pm Nov 9, 2016 2:12pm
Quoting MoneyTalks58
So what happened the Nzd? cut the rate but it is gaining value. Bad loss for me.
Still in trade just added another short as I expect a retrace off such a big candle. Still in large dd though
  • #4,868
  • Nov 9, 2016 5:00pm Nov 9, 2016 5:00pm
EUR AUD Long

Start with one position and then build up on pull back.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR AUD Long.jpg Size: 139 KB
Let all the living things live blissfully
  • #4,869
  • Nov 9, 2016 5:03pm Nov 9, 2016 5:03pm
Quoting liamseden
My first setup with your system, i think it suits my style of trading as i like S&R and price Action.{image}
This must be USD CAD.

Appreciate if you could make visible the pair name for reference to others to clearly see
Let all the living things live blissfully
  • #4,870
  • Nov 9, 2016 5:08pm Nov 9, 2016 5:08pm
Quoting Davit
{quote} Noo I fked that one too getting out early as well It was nerve racking not knowing how election would effect forex.My 1st experience so I have no prior experience on this.I assumed Florida going Trump would tank USD 50-50 chance very close but so far Euro is mopping out North. Thanks anyway but seriously this is one of my worst trading session Just look at this spike..!! now you know how I feel {image}
If it makes you feel any better you are not the only one to miss lots of pips on EA. I had an entry long at 1.416 and it hit my TP at 1.422 pretty quick. Tried another order at 1.4155 with slightly larger TP but never triggered. We live and learn and can trade again another day. Any profits are not a bad trading session in my opinion. As long as we focus on what we missed instead of the process/journey we will never be happy.
Hope for the best, prepare for the worst.
  • #4,871
  • Nov 9, 2016 5:10pm Nov 9, 2016 5:10pm
Quoting Tamarind77
Not always win, this is when i cut the bad trade. NU -127 {image}
Hi.

I don't understand the trade you've taken.

You got 2 short position running. Price is going down, but you're in Negative pips count.

Appreciate if you could help me to understand your trade please.

Thank you.

Arjun
Let all the living things live blissfully
  • #4,872
  • Nov 9, 2016 5:18pm Nov 9, 2016 5:18pm
Quoting dttsomh
{quote} Holy mother of God... 2016 PIPS with 2 lots Congrats sir, great work! mind asking me, it's live account right?
I've been trading real account for the past 11 months and demo for 8 months ( last year).

I guess . i'm lucky to find this thread that suit my trading styles. It's free of indicators and high time frame by using weekly pivot point.
Let all the living things live blissfully
  • #4,873
  • Nov 9, 2016 5:25pm Nov 9, 2016 5:25pm
Quoting Arjun-LE1
{quote} I've been trading real account for the past 11 months and demo for 8 months ( last year). I guess . i'm lucky to find this thread that suit my trading styles. It's free of indicators and high time frame by using weekly pivot point.
Arjun you are doing super!Carry on
In trading, you have to be defensive and aggressive at the same time
  • #4,874
  • Nov 9, 2016 5:27pm Nov 9, 2016 5:27pm
Quoting Arjun-LE1
EUR AUD Long Start with one position and then build up on pull back. {image}
just heads up that EU is not going up.In order EA to go north EU must do the same.
With Trump as president it may have effected fundamentals on all pairs.Euro is not attracting funds thus far
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 38 KB
In trading, you have to be defensive and aggressive at the same time
  • #4,875
  • Nov 9, 2016 5:31pm Nov 9, 2016 5:31pm
Quoting sakisf
Davit, I have made some changes to the Pivots 3 indi you are using (actually re-used it's code). Since you said you have to think in zones term around 61, 100 weekly pivots, I have added to those pivots a 5.9% zone up and 5.9% zone down so you can see PA around them when checking the tdi as well. Zones can be filled or not. Also changed the magnified price to also show the spread, if needed (removed the MA information). I am using those two indis in another system, so perhaps you could find them useful. {image} {file} {file}
Thank you Sakis will check it out
In trading, you have to be defensive and aggressive at the same time
  • #4,876
  • Nov 9, 2016 5:32pm Nov 9, 2016 5:32pm
Quoting Arjun-LE1
EUR AUD Long Start with one position and then build up on pull back. {image}
Have a limit order in at 1.088 looked at chart and saw previous support at this level thought about going long when long candle appeared then Davits words echo in my ear WAIT for the price to come to you.
SO I hope it pulls back to it.
  • #4,877
  • Nov 9, 2016 5:37pm Nov 9, 2016 5:37pm
Quoting Davit
{quote} Thank you Sakis will check it out
Hi Davit how did the work exams go hope you did well. You still holding NU do you think it will get to the .7190 still in DD but only -251
  • #4,878
  • Nov 9, 2016 5:41pm Nov 9, 2016 5:41pm
Quoting Arjun-LE1
{quote} Congratulation Davit on Trump victory to the white house. I'm glad he won the race. This is from Trump ! Nice pips 2016 {image}
Thanks for Trump! Finally the deplorable side won
Great pip harvest.
In trading, you have to be defensive and aggressive at the same time
  • #4,879
  • Nov 9, 2016 5:45pm Nov 9, 2016 5:45pm
Quoting Ibar51
{quote} Hi Davit how did the work exams go hope you did well. You still holding NU do you think it will get to the .7190 still in DD but only -251
After studying all night and this morning 15 page data was reduced to 7 questions and all were easy. Got 7 out of 7
Needless to say they like me at my new job.Now I can focus on trading.

EG is very close to BE from that massive spike up and my patience paid off. 7190 NU very probable!
Regards
In trading, you have to be defensive and aggressive at the same time
  • #4,880
  • Nov 9, 2016 5:47pm Nov 9, 2016 5:47pm
Quoting Davit
{quote} After studying all night and this morning 15 page data was reduced to 7 questions and all were easy. Got 7 out of 7 Needless to say they like me at my new job.Now I can focus on trading. EG is very close to BE from that massive spike up and my patience paid off. 7190 NU very probable! Regards
Congrats now all you need to do is start liking your job lol
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