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Pivot Trading

  • #5,261
  • Nov 28, 2016 3:09am Nov 28, 2016 3:09am
A wrong decision??

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  • #5,262
  • Nov 28, 2016 3:14am Nov 28, 2016 3:14am
Quoting mkfx
{quote} Hi GS, Can i ask you about How you had avoided some possible bad entries as i marked on your chart. Please if you can advice how to filter such bad entries, will improve learners our trading skill. Thanks {image}
the 'pivot' is fair value [for that W1/MN @ least] - so the idea is u trade away or back 2 the pivot [page 1] - but once PA comes back 2 the pivot then i wait 2 c & make a re-action [no action ] ........ notice on ur 2 trades that PA remain around the pivot - fair value for EU for the W1 - this IMO is natural - wat i want is someting 'un-fair' - if this happens [like wat happen'd wit EU we got a slam 2 the S61] - PA can come back 2 pivot - or PA can keep move'n away from pivot [i read PA 2 make a guess] - if it keeps move'n away in2 next week then a 'new' fair value will be made - a 'new' pivot price

important - impossible 2 filter fakey's - so IMO u must have mega excellent risk and money mangagment
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  • #5,263
  • Nov 28, 2016 3:22am Nov 28, 2016 3:22am
Quoting KeepCalmfx
I am currently short on the EURCAD {image}
superb trade KeepCalmfx
  • #5,264
  • Nov 28, 2016 4:31am Nov 28, 2016 4:31am
New to this system, I did not have success with the TMS "Big E" style, but what I've read so far in this thread makes a lot of sense to me. I took the EC trade also this morning, took pips close to the Pivot.

Thanks Davit, glad to see your son is better. I have two of my own, rough to think of them being so sick.


I waited for it to bounce, make a lower high. Of course that is about the time I got up, and checked the charts, so it kinda fell into my lap.
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  • #5,265
  • Nov 28, 2016 5:34am Nov 28, 2016 5:34am
Quoting griffinssoul
{quote} superb trade KeepCalmfx
Thank you for your comment.
Not sure if I should stay or take profit.
There is no signal from price to close, but don't want to be greedy.
Any suggestions
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  • #5,266
  • Nov 28, 2016 5:56am Nov 28, 2016 5:56am
Quoting skipper13
My first trade today NU long {image}
Skipper, just wondering why you went long.. that seems to an area where price was rejected several times, I went short and made some.

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Silence your Ego & Your Power will Rise
  • #5,267
  • Nov 28, 2016 5:56am Nov 28, 2016 5:56am
Quoting KeepCalmfx
{quote} Thank you for your comment. Not sure if I should stay or take profit. There is no signal from price to close, but don't want to be greedy. Any suggestions {image}
If you are not sure how to stay longer on your trade,
look at H1, specially H4 candles, and anglelator arrows.
If they are red and you are selling, stay on it.
I know one thing, that I know nothing - Socrates
  • #5,268
  • Nov 28, 2016 6:00am Nov 28, 2016 6:00am
[Quote = mraam; 9294125] {quote} Skipper, nur fragen, warum Sie lange ging .. das auf einem Gebiet scheint, wo der Preis mehrmals abgelehnt wurde, ging ich kurz und machte einige. {Image} [/ quote]
Here I was too fast and I was not properly informed
  • #5,269
  • Nov 28, 2016 6:01am Nov 28, 2016 6:01am
Took two more quick trades based on weakness. I had more entries for EU but it never triggered.

With regards to oil correlation - https://www.forexcrunch.com/2-reason...-goldman-sachs

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Cheers.
MR
Silence your Ego & Your Power will Rise
  • #5,270
  • Nov 28, 2016 6:09am Nov 28, 2016 6:09am
Quoting Tamarind77
{quote} If you are not sure how to stay longer on your trade, look at H1, specially H4 candles, and anglelator arrows. If they are red and you are selling, stay on it.
Thanks Tamarind, that was actually an stupid question for someone that have read through the whole tread, will review my notes again, I posted before I think.
  • #5,271
  • Nov 28, 2016 6:16am Nov 28, 2016 6:16am
Quoting KeepCalmfx
{quote} Thanks Tamarind, that was actually an stupid question for someone that have read through the whole tread, will review my notes again, I posted before I think.
Look left, look S61, i will closed all on that.
I know one thing, that I know nothing - Socrates
  • #5,272
  • Nov 28, 2016 6:26am Nov 28, 2016 6:26am
Update Post 5246
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I know one thing, that I know nothing - Socrates
  • #5,273
  • Nov 28, 2016 6:33am Nov 28, 2016 6:33am
Quoting Tamarind77
{quote} Look left, look S61, i will closed all on that.
Thank you for your reply, I closed with 550 pips profit
  • #5,274
  • Nov 28, 2016 6:39am Nov 28, 2016 6:39am
Quoting KeepCalmfx
{quote} Thank you for your reply, I closed with 550 pips profit
Its very nice
I know one thing, that I know nothing - Socrates
  • #5,275
  • Nov 28, 2016 8:16am Nov 28, 2016 8:16am
Today's pips:
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  • #5,276
  • Nov 28, 2016 9:56am Nov 28, 2016 9:56am
First post here with a GBPAUD +890 from scaling out 4 positions and +350 Open running - I took this trade as a Fade the move last week hitting resistance R61. and the massive 1400 point ramp from the lows over the last 3weeks
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  • #5,277
  • Nov 28, 2016 12:38pm Nov 28, 2016 12:38pm
Quoting KeepCalmfx
{quote} Thank you for your comment. Not sure if I should stay or take profit. There is no signal from price to close, but don't want to be greedy. Any suggestions {image}
Nice trade! I am too late to advise (as it in fact went all the way to s61 by now), but looking left on your chart and seeing the previous support at that level I would have been watching it closely for signs of PA slowing. Given how fast it was falling I would probably not have closed at that point but would have been ready to get out as soon as PA slowed.
  • #5,278
  • Nov 28, 2016 12:41pm Nov 28, 2016 12:41pm
Quoting griffinssoul
{quote} the 'pivot' is fair value [for that W1/MN @ least] - so the idea is u trade away or back 2 the pivot [page 1] - but once PA comes back 2 the pivot then i wait 2 c & make a re-action [no action ] ........ notice on ur 2 trades that PA remain around the pivot - fair value for EU for the W1 - this IMO is natural - wat i want is someting 'un-fair' - if this happens [like wat happen'd wit EU we got a slam 2 the S61] - PA can come back 2 pivot - or PA can keep move'n away from pivot [i read PA 2 make a guess] - if it keeps move'n away in2...
GS, thanks for feedback like this, it helps us see the logic behind the trades
  • #5,279
  • Nov 28, 2016 1:16pm Nov 28, 2016 1:16pm
Quoting atraderfx
First post here with a GBPAUD +890 from scaling out 4 positions and +350 Open running - I took this trade as a Fade the move last week hitting resistance R61. and the massive 1400 point ramp from the lows over the last 3weeks {image} {image}
Nice first post, shows the value of patience
  • #5,280
  • Nov 28, 2016 7:52pm Nov 28, 2016 7:52pm
My thought about EURUSD, any opinion?
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I know one thing, that I know nothing - Socrates
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