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Pivot Trading

  • #5,521
  • Edited 10:07pm Dec 12, 2016 9:54pm | Edited 10:07pm
getting back on AN long 3 positions for now but could become 10
If you look at AU and NU NU looks more overbought
trying not to trade USD pairs unless I see a bargain. Until Weds we might see serious dips presenting attracting trades like EU long from 1.5 104.80 or if NU drops to 70-69.80 and AU 73-7280

These scenarios are very possible.Once the interest rate is raised there is knee jerk reaction.Now you become a predator and catch that prey.
In my opinion everything is 80% priced in ATM hence why I prefer selling USD then buying it.
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In trading, you have to be defensive and aggressive at the same time
  • #5,522
  • Dec 12, 2016 10:10pm Dec 12, 2016 10:10pm
Quoting Ibar51
Hi Davit hope your son is recovering well at home have been taking a break from trading in major dd on NJ.
Hi my friend do remember your position.I think NJ is most likely finally topped off.In the future you must define your risk. Put a p[rice tag on every trade when beyond that you will close.
Say example $200 you reach that get out.In this business controlling risk is essential for longevity and growth of the account.I already showed how yo yo my account has been this month. Does not bother me still up 5% for the month but the key is I have no reservations to close a loser.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #5,523
  • Dec 12, 2016 11:40pm Dec 12, 2016 11:40pm
Quoting Davit
{quote} Hi my friend do remember your position.I think NJ is most likely finally topped off.In the future you must define your risk. Put a p[rice tag on every trade when beyond that you will close. Say example $200 you reach that get out.In this business controlling risk is essential for longevity and growth of the account.I already showed how yo yo my account has been this month. Does not bother me still up 5% for the month but the key is I have no reservations to close a loser. Regards
Thanks Davit I know your right but I have always had great difficult closing a losing trade I have been working on that aspect of my trading using psycho cybernetics I know it will work but will take time
  • #5,524
  • Dec 13, 2016 3:59am Dec 13, 2016 3:59am
AUDCAD short

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  • #5,525
  • Dec 13, 2016 9:00am Dec 13, 2016 9:00am
large position on EA
If this breaks out major like last time 1.45 can be reached in hours.
these fkers are almost too predictable.Push low take out stops then go opposite
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In trading, you have to be defensive and aggressive at the same time
  • #5,526
  • Dec 13, 2016 9:15am Dec 13, 2016 9:15am
I was short too off pivot trend line a hidden divergence, then sudden aud strength took me out for -5 or so.
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  • #5,527
  • Dec 13, 2016 9:17am Dec 13, 2016 9:17am
Quoting Davit
large position on EA If this breaks out major like last time 1.45 can be reached in hours. these fkers are almost too predictable.Push low take out stops then go opposite {image}
You were right it was a good call,
took 4 positions and already out with +200 pips, enough for me
1.45 surely will happen tomorrow.
"Letting losses run is the most serious mistake made by most investors."W.O
  • #5,528
  • Dec 13, 2016 9:20am Dec 13, 2016 9:20am
Quoting liamseden
{quote} You were right it was a good call, took 4 positions and already out with +200 pips, enough for me 1.45 surely will happen tomorrow.
I am holding to see if 42 might break if so 4220 is within reach
congrats
In trading, you have to be defensive and aggressive at the same time
  • #5,529
  • Dec 13, 2016 9:29am Dec 13, 2016 9:29am
Quoting Scrambleguy
I was short too off pivot trend line a hidden divergence, then sudden aud strength took me out for -5 or so. {image}
try to spread your positions.Allow room for trade to develop in general
in my opinion you should stay away from AC shorts for now.UC is reaching bottom and price is close to WP which makes it undecided zone.
If you follow my simple basic instructions on page 1 you will do fine provided you place risk controls
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In trading, you have to be defensive and aggressive at the same time
  • #5,530
  • Dec 13, 2016 9:34am Dec 13, 2016 9:34am
Quoting Davit
{quote} try to spread your positions.Allow room for trade to develop in my opinion you should stay away from AC shorts for now.UC is reaching bottom
Thanks Davit any advice gratefully received !
  • #5,531
  • Dec 13, 2016 9:36am Dec 13, 2016 9:36am
Davit what`s your view on An now its back down at 38 again?
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  • #5,532
  • Dec 13, 2016 9:39am Dec 13, 2016 9:39am
Quoting Scrambleguy
Davit what`s your view on An now its back down at 38 again? {image}
I am long ATM with 8 positions
this might take little time but harmonics and fundamentals point north
In trading, you have to be defensive and aggressive at the same time
  • #5,533
  • Dec 13, 2016 9:43am Dec 13, 2016 9:43am
If EA stays above Daily open it will be great but we'll see how it unfolds
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In trading, you have to be defensive and aggressive at the same time
  • #5,534
  • Dec 13, 2016 9:45am Dec 13, 2016 9:45am
GJ, failed retest of R61, TDI confirmation (divergence, etc.) Go to R38.
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  • #5,535
  • Dec 13, 2016 9:50am Dec 13, 2016 9:50am
Quoting jcat
GJ, failed retest of R61, TDI confirmation (divergence, etc.) Go to R38. {image}
yes there was some nice divergence on 4 gbp pairs, but I missed them
  • #5,536
  • Dec 13, 2016 9:55am Dec 13, 2016 9:55am
GU wow look at the pivot
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KRD
  • #5,537
  • Dec 13, 2016 10:08am Dec 13, 2016 10:08am
NJ
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KRD
  • #5,538
  • Dec 13, 2016 10:13am Dec 13, 2016 10:13am
Closed my EA longs +600pips not bad for 2hrs of work
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In trading, you have to be defensive and aggressive at the same time
  • #5,539
  • Dec 13, 2016 11:04am Dec 13, 2016 11:04am
Quoting Davit
Closed my EA longs +600pips not bad for 2hrs of work {image}
  • #5,540
  • Dec 13, 2016 12:18pm Dec 13, 2016 12:18pm
Quoting Davit
Closed my EA longs +600pips not bad for 2hrs of work {image}
great congrats
"Letting losses run is the most serious mistake made by most investors."W.O
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