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Pivot Trading

  • #6,161
  • Jan 18, 2017 1:08pm Jan 18, 2017 1:08pm
Quoting Ibar51
{quote} Hi Davit I was impatient it is a problem with my trading especially after I have a good run. It is the psychological part of trading that I struggle with I am constantly working on this aspect. It is good that you queried my trades as it will help keep me focused on the rules. Thanks Barry
Try this.Don't press any sell or buy unless price hits 61 1st then you watch PA reaction then make your move 61-100 and no other trades.If nothing hits then don't trade.
Not trading is part of trading.Just walk away do something else like playing gulf like you do.You are not going to miss out on anything.There is always something coming close to the zone.
Cheers buddy
In trading, you have to be defensive and aggressive at the same time
  • #6,162
  • Jan 18, 2017 1:21pm Jan 18, 2017 1:21pm
Quoting Davit
{quote} Try this.Don't press any sell or buy unless price hits 61 1st then you watch PA reaction then make your move 61-100 and no other trades.If nothing hits then don't trade. Not trading is part of trading.Just walk away do something else like playing gulf like you do.You are not going to miss out on anything.There is always something coming close to the zone. Cheers buddy
Thanks Davit
  • #6,163
  • Jan 18, 2017 1:33pm Jan 18, 2017 1:33pm
Quoting Davit
{quote} Not trading is part of trading
This is GOLDEN..!!!

Baby needs love, milk, and money.
  • #6,164
  • Edited 2:11pm Jan 18, 2017 1:36pm | Edited 2:11pm
Going to play it safe and exit all trades. Please let me know if the consensus is to leave trades open during high impact news. I am pleased with the trading results thus far for my 1st week.
Attached Image (click to enlarge)
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  • #6,165
  • Jan 18, 2017 2:14pm Jan 18, 2017 2:14pm
Quoting pip-boss
Going to play it safe and exit all trades. Please let me know if the consensus is to leave trades open during high impact news. I am pleased with the trading results thus far for my 1st week. {image}
every situation is different.Based on your account size you didn't have to worry about letting it open.
continue on
If 100k is real live account then you are playing it too safe.Your gains are a fraction but no hurry gain confidence 1st
In trading, you have to be defensive and aggressive at the same time
  • #6,166
  • Jan 18, 2017 4:09pm Jan 18, 2017 4:09pm
still holding AJ.
Job reports later but look at that harmonic :
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_815.png Size: 85 KB


a great probability it rallies to S38.
Again nothing is sure.

Thanks Davit (again ).
"Letting losses run is the most serious mistake made by most investors."W.O
  • #6,167
  • Edited 4:56pm Jan 18, 2017 4:12pm | Edited 4:56pm
Selling NZDCAD Targeting 0.92xx
Price up 92 pips from daily open.
ADR 127%, running out of steam.
Pair travel 71 last 20 days.
Strong pivot R100.
PA show decline
PA + TDI turn south.
Hit sell button.
Ride to 0.92xx
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADM30.png Size: 47 KB
I know one thing, that I know nothing - Socrates
  • #6,168
  • Jan 18, 2017 5:32pm Jan 18, 2017 5:32pm
Quoting Tamarind77
Selling NZDCAD Targeting 0.92xx Price up 92 pips from daily open. ADR 127%, running out of steam. Pair travel 71 last 20 days. Strong pivot R100. PA show decline PA + TDI turn south. Hit sell button. Ride to 0.92xx NZDCADM30.png;2145911 {image}
Nice one. ÂÂA Swing to 0.9400 @R61 is very good.
"Letting losses run is the most serious mistake made by most investors."W.O
  • #6,169
  • Jan 18, 2017 6:50pm Jan 18, 2017 6:50pm
Quoting Tamarind77
Selling NZDCAD Targeting 0.92xx Price up 92 pips from daily open. ADR 127%, running out of steam. Pair travel 71 last 20 days. Strong pivot R100. PA show decline PA + TDI turn south. Hit sell button. Ride to 0.92xx NZDCADM30.png;2145911 {image}
good that you guys are paying attention
In trading, you have to be defensive and aggressive at the same time
  • #6,170
  • Jan 18, 2017 6:52pm Jan 18, 2017 6:52pm
Quoting liamseden
still holding AJ. Job reports later but look at that harmonic : Screenshot_815.png;2145901 a great probability it rallies to S38. Again nothing is sure. Thanks Davit (again ). {image}
been on it for some time 3 times refused to take TP at 8505-10 and PA then went N (was shooting for 84)
Sometimes holding does not work like on AJ
I have no choice to wait this one out as well.Aussie strength is mighty this month.
In trading, you have to be defensive and aggressive at the same time
  • #6,171
  • Jan 18, 2017 8:08pm Jan 18, 2017 8:08pm
Quoting Davit
{quote} good that you guys are paying attention
Many Thanks Davit
I know one thing, that I know nothing - Socrates
  • #6,172
  • Jan 18, 2017 8:12pm Jan 18, 2017 8:12pm
Quoting liamseden
{quote} Nice one. A Swing to 0.9400 @R61 is very good.
Hi liamseden, 0.9400 is to small, im ride to 0.92xx
Maybe end of the months.
I know one thing, that I know nothing - Socrates
  • #6,173
  • Jan 18, 2017 8:54pm Jan 18, 2017 8:54pm
Quoting Tamarind77
{quote} Hi liamseden, 0.9400 is to small, im ride to 0.92xx Maybe end of the months.
swap fees will kill the profits.Right now both Aussie and NZD are strong.Carry trades are being loaded on them from USD
Will see how long that lasts but right now does not look good.
In trading, you have to be defensive and aggressive at the same time
  • #6,174
  • Jan 18, 2017 9:22pm Jan 18, 2017 9:22pm
Seemed like a textbook short for NZDUSD on H1 but the only thing holding me back was the time. European traders had all gone home and New Zealand traders hadn't even woken up yet so I skipped. It turned into a nice move though. Anyone ever take these 'dead zone' trades?
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH1 couple hours pre NZ open.png Size: 30 KB
  • #6,175
  • Jan 18, 2017 10:10pm Jan 18, 2017 10:10pm
Quoting Davit
{quote} swap fees will kill the profits.Right now both Aussie and NZD are strong.Carry trades are being loaded on them from USD Will see how long that lasts but right now does not look good.
Agree Davit. Maybe several major news give more fuel to move south, in my opinion.
regards.
I know one thing, that I know nothing - Socrates
  • #6,176
  • Jan 18, 2017 10:11pm Jan 18, 2017 10:11pm
Quoting notouch
Seemed like a textbook short for NZDUSD on H1 but the only thing holding me back was the time. European traders had all gone home and New Zealand traders hadn't even woken up yet so I skipped. It turned into a nice move though. Anyone ever take these 'dead zone' trades? {image}
you missing ADR.
I know one thing, that I know nothing - Socrates
  • #6,177
  • Jan 18, 2017 10:54pm Jan 18, 2017 10:54pm
Quoting Tamarind77
{quote} you missing ADR.
 
What do you mean I'm 'missing' it? I choose not to put it on my chart. It was of no relevance for the trade I posted.
  • #6,178
  • Jan 18, 2017 11:09pm Jan 18, 2017 11:09pm
Quoting notouch
{quote} Â What do you mean I'm 'missing' it? I choose not to put it on my chart. It was of no relevance for the trade I posted.
Oh im sorry.
I know one thing, that I know nothing - Socrates
  • #6,179
  • Jan 18, 2017 11:15pm Jan 18, 2017 11:15pm
Quoting notouch
Seemed like a textbook short for NZDUSD on H1 but the only thing holding me back was the time. European traders had all gone home and New Zealand traders hadn't even woken up yet so I skipped. It turned into a nice move though. Anyone ever take these 'dead zone' trades? {image}
US traders were there still and had not been there the day before so chances are it would move.
Success means going from failure to failure without loss of enthusiasm
  • #6,180
  • Jan 19, 2017 3:50am Jan 19, 2017 3:50am
Hello everyone.
I am also having problems with patience and discipline. To help me out with this I added an alert to Davits pivot indicator, it gives an alert if current H1 candle High is above R61 or below S61. This allows me not to stare at charts, so I make less trades in bad spots.
Davit, may I post this indicator?
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