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Pivot Trading

  • #5,881
  • Jan 5, 2017 1:04am Jan 5, 2017 1:04am
Still waiting for AN to get closer to WP to start building longs.This is my next big trade in the making.Love this pair. I actually never lost a trade on this pair
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In trading, you have to be defensive and aggressive at the same time
  • #5,882
  • Jan 5, 2017 1:13am Jan 5, 2017 1:13am
Quoting Davit
{quote} nice profits on UJ mine are still open just letting it play out.
Hi Davit , all of the best for 2017 for you and all the pivoteers. May the odds be in your favour!
I'm holding shorts on UJ which I've been building, were wondering what your TP targets for shorts are. I did read you mentioned 105 few pages back, still shooting for that number? quite a stretch, however, with some time, it could easily reach there and beyond.
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  • #5,883
  • Edited 2:32am Jan 5, 2017 1:17am | Edited 2:32am
Watching EURCAD
Be ready for AN cool price action
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KRD
  • #5,884
  • Jan 5, 2017 1:25am Jan 5, 2017 1:25am
Quoting FxProsper
{quote} Hi Davit , all of the best for 2017 for you and all the pivoteers. May the odds be in your favour! I'm holding shorts on UJ which I've been building, were wondering what your TP targets for shorts are. I did read you mentioned 105 few pages back, still shooting for that number? quite a stretch, however, with some time, it could easily reach there and beyond. {image}
Its general TP but obviously lot can happen fundamentally once Trump takes over. It will be real tough to implement and pass the Budget Trump wants which has "tremendous" his favorite word spending.
Without this inflationary spending pass that must contain raising the dept ceiling (real challenge to raise the ceiling)it will be hard for Feds to raise rates.My instinct tells me Strong dollar = capital gains loss hence hurts the economy and I won't be surprised to see 1st Q to be restrictive and not much of growth.
In basic terms I am USD bear.
regards
In trading, you have to be defensive and aggressive at the same time
  • #5,885
  • Jan 5, 2017 1:31am Jan 5, 2017 1:31am
Quoting Rocky007
Watching EURCAD {image}
its a good one but we missed the 100S entry.I had too much going basically used all my margin at that time...
worth putting on radar for sure
In trading, you have to be defensive and aggressive at the same time
  • #5,886
  • Jan 5, 2017 1:41am Jan 5, 2017 1:41am
Quoting Davit
{quote} Its general TP but obviously lot can happen fundamentally once Trump takes over. It will be real tough to implement and pass the Budget Trump wants which has "tremendous" his favorite word spending. Without this inflationary spending pass that must contain raising the dept ceiling (real challenge to raise the ceiling)it will be hard for Feds to raise rates.My instinct tells me Strong dollar = capital gains loss hence hurts the economy and I won't be surprised to see 1st Q to be restrictive and not much of growth. In basic terms I...
Sound opinion, I have to agree on the USD sentiment, usd had a great (unjustified but still great) run, but market sentiment is clearly turning now.
  • #5,887
  • Jan 5, 2017 2:01am Jan 5, 2017 2:01am
Just back after a Christmas and years break, was quite busy moving houses, my laptop died and still have no proper internet ( have to use my phone as a wifi hotspot) Hope everyone enjoyed their times off and came back to start another pipful journey in 2017

Small profit on AJ since yesterday
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The only thing that will make us successful is if we can control ourselves!
  • #5,888
  • Jan 5, 2017 2:06am Jan 5, 2017 2:06am
took a quick short on UJ.
Davit your posts are really very helpful.
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  • #5,889
  • Jan 5, 2017 6:34am Jan 5, 2017 6:34am
Trades are still open

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  • #5,890
  • Jan 5, 2017 8:52am Jan 5, 2017 8:52am
Quoting Davit
{quote} No waiting to long. I prefer long side where overall bigger trend will be heading.I make conscious decisions what direction I like to trade on each pair.Once that is established then rest is entering at key levels. I already posted my posoitions earler . EU long UJ short (biggest positions) NU long EA long
Hi Davit

Please can you expanciate on what you mean by the "overall bigger trend" in the above statement. My understanding is the bigger trend, is the prevailing trend on the weekly and monthly charts from a technical perspective and macro themes/sentiments (based on how the nos stack up) from a fundamental perspective. I will appreciate your comments.

Cheers.
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #5,891
  • Edited 10:46am Jan 5, 2017 10:15am | Edited 10:46am
AN I could be wrong let see. I'm closing all my position with 100 pip
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KRD
  • #5,892
  • Edited 11:38am Jan 5, 2017 10:53am | Edited 11:38am
Quoting Rocky007
{quote} Target is the main point of origin, but I love to take some partial profit you never know. {image}
Hats off.
115 reached on UJ.Closed at 870 pips profit.
Glad i waited all that time.
Â
Drawdown on UC ( I entered 2 tickets long at 1.3300)
"Letting losses run is the most serious mistake made by most investors."W.O
  • #5,893
  • Jan 5, 2017 10:55am Jan 5, 2017 10:55am
My present result, thank david their strategy

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  • #5,894
  • Edited 1:56pm Jan 5, 2017 11:41am | Edited 1:56pm
Quoting liamseden
{quote} Hats off. 115 reached on UJ.Closed at 870 pips profit. Glad i waited all that time. Drawdown on UC ( I entered 2 tickets long at 1.3300)
I got out early due to over leveraged, all tho I had good profit cheers
This was really good set up we are fortunate to identify the event long before it occurred.

One thing I learned so far don't trade unless there is a trade.

UC not looking good I will anticipate perhaps the manipulation.

FYI,
8:30am (NY Time) US NF Employment Forecast 175K Previous 178K
8:30am (NY Time) US Unemployment Rate Forecast 4.7% Previous 4.6%
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KRD
  • #5,895
  • Jan 5, 2017 2:05pm Jan 5, 2017 2:05pm
Quoting Rocky007
{quote} I got out early due to over leveraged, all tho I had good profit cheers This was really good set up we are fortunate to identify the event long before it occurred. One thing I learned so far don't trade unless there is a trade. UC not looking good I will anticipate perhaps the manipulation. FYI, 8:30am (NY Time) US NF Employment Forecast 175K Previous 178K 8:30am (NY Time) US Unemployment Rate Forecast 4.7% Previous 4.6% {image}
Cheers for the profits.
about UC i know it's a bit tricky, i got in the trade too early, and all this week i work so i can't trade until i'm home.
Anyway for UC there is an upper channel on Daily and Weekly TF. Daily TF Upper trend tested 4 times so solid, technically all good but fundamentally it's chaotic, because USD is weakening and CAD is strong because of OIL.

i will wait for tomorrow after the NFP, if i consolidate or i get out on loss.

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any advice is welcome .
"Letting losses run is the most serious mistake made by most investors."W.O
  • #5,896
  • Edited 3:45pm Jan 5, 2017 2:20pm | Edited 3:45pm
Another super set up may be coming up soon CADJPY
liamseden Davit might give you a clear picture to be honest.
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KRD
  • #5,897
  • Jan 5, 2017 2:29pm Jan 5, 2017 2:29pm
AUD/USD
Nice pull back to the R100 for a quick 71 pips. TP was set at the R138 to get out before possible double top. Price pushed through easily to R161.
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NZD/USD
Two entries at the R38, pulled trades at R61 for a quick 34 pips. Wish I would have been more patient and held out to R78 where TP was set.
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  • #5,898
  • Edited Jan 6, 2017 1:53am Jan 5, 2017 6:55pm | Edited Jan 6, 2017 1:53am
Demo Trading Let's see
Price Behavior Interesting.
Mission accomplished
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KRD
  • #5,899
  • Jan 6, 2017 11:08am Jan 6, 2017 11:08am
Hi guys
Closed my EA longs.Was hoping for better number but I think this may not go higher before week closes
+786pips
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In trading, you have to be defensive and aggressive at the same time
  • #5,900
  • Jan 6, 2017 11:14am Jan 6, 2017 11:14am
watch reaction on NU at 38R
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In trading, you have to be defensive and aggressive at the same time
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