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Pivot Trading

  • #6,301
  • Jan 25, 2017 11:59pm Jan 25, 2017 11:59pm
Quoting forexday
My GU trade from yesterday... starting to look better... still holding on to it. {image}
You have brave balls I try not to short pairs as undervalued as GBP... especially against usd, I wont lie I know its damn tempting! I wont be surprised if she runs to 1.27ish this week before a retrace. Good luck though
  • #6,302
  • Jan 26, 2017 2:41am Jan 26, 2017 2:41am
Quoting Davit
Can't let this go AN always loved going long on this pair.Might dip below 400 but always comes back {image}
Hi Davit, great thread! I love probsbility. One question, when you enter at 100S like here, is your SL under 138S? And When you say the success rate of 100 R/S trades is 80%, at what level were the 20% failure closed at ? Thank you.
  • #6,303
  • Jan 26, 2017 2:43am Jan 26, 2017 2:43am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 65 KB
  • #6,304
  • Jan 26, 2017 2:55am Jan 26, 2017 2:55am
Quoting fibo38
GBPUSDH1.png;2157484 {image}
Good one! Where are you aiming?
  • #6,305
  • Jan 26, 2017 4:21am Jan 26, 2017 4:21am
Good morning guys
Closed some on NU +237pips

If I had felt more confidence on USD I would of let this go further but I don't so treating it as a scalp

All my AN in profits now 10 positions
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM15.png Size: 46 KB
In trading, you have to be defensive and aggressive at the same time
  • #6,306
  • Edited 8:44am Jan 26, 2017 4:29am | Edited 8:44am
Quoting liamseden
{quote} Mark Douglas is the key to most of y(our) problems. NU: Jumping on with target btween @S61 @S38. Screenshot_836.png;2156642 {image}
Congratulations Davit, Always admiring how your trades are well spreaded on the chart.
Target Hit +600 pips profit from NU. That was quick.
"Letting losses run is the most serious mistake made by most investors."W.O
  • #6,307
  • Jan 26, 2017 4:33am Jan 26, 2017 4:33am
Quoting sagi
{quote} Hi Davit, great thread! I love probsbility. One question, when you enter at 100S like here, is your SL under 138S? And When you say the success rate of 100 R/S trades is 80%, at what level were the 20% failure closed at ? Thank you.
My SL is predetermined based on actual $$ not pips.Usually its 100-300pips depending how I feel about the trade I might cut lose early or wait it out.
I don't place hard SL since often those get hit but do have one.
In trading, you have to be defensive and aggressive at the same time
  • #6,308
  • Jan 26, 2017 4:40am Jan 26, 2017 4:40am
Quoting Davit
Good morning guys Closed some on NU +237pips If I had felt more confidence on USD I would of let this go further but I don't so treating it as a scalp All my AN in profits now 10 positions {image}
What %do you risk on each position Davit?
  • #6,309
  • Jan 26, 2017 4:42am Jan 26, 2017 4:42am
Quoting Davit
Good morning guys Closed some on NU +237pips If I had felt more confidence on USD I would of let this go further but I don't so treating it as a scalp All my AN in profits now 10 positions {image}
Good one on NU Davit. I am in the same trade, entered it at the break of R78 though.
  • #6,310
  • Jan 26, 2017 4:49am Jan 26, 2017 4:49am
Quoting nk7
{quote} Good one on NU Davit. I am in the same trade, entered it at the break of R78 though.
It was a scalp trade paying for the swap fees that I am holding.I try to make enough to pay the cost of holding the trades which are in red like my EA
This might get finally push north next week
regards
In trading, you have to be defensive and aggressive at the same time
  • #6,311
  • Jan 26, 2017 4:55am Jan 26, 2017 4:55am
Quoting FxProsper
{quote} Nice bike! When I was in high school I used to beg my parents for the Honda RVF 400 NC35, never got it though, but I do have a appreciation for the gear driven cam bikes they are just so unique! the VFR 800 must be a devil! I was born in the early 90's so my appreciation for older bikes aren't THAT great with the exception of a few of course When I finished highschool my dad bought me 2009 Suzuki gsxr 600 K9 de-cat with a Yoshi R-55 slip-on man what a screamer! She was a write off @ 10k km on the clock sadly. Then I had the privilege...
Most bikers are passionate people about anything with 2 wheels so its fine.
Nice bike! Yes way over the top powerful that you can't even use 10% of it on streets without getting in jail.
There is a good comparison with trading and riding a motorcycle.When you ride a bike you are in defensive mode.You always assume a person will make that left turn in front of you or do something stupid with 5k pound steel hence you always look driver's eyes not the car.
Same in trading the market is huge therefore a retail trader can do is watch signs that will not squash you.Basically defensive riding is trading.Not suggesting you should get a bike to learn to trade but instinct to survive is same in trading.I always assume the other driver has not seen me until its safe to pass.Been riding over 20yrs without major accident knock on wood...
Anyway keep doing good job.By the way how can you stare at yellow chart?
In trading, you have to be defensive and aggressive at the same time
  • #6,312
  • Jan 26, 2017 5:08am Jan 26, 2017 5:08am
Quoting forexday
My GU trade from yesterday... starting to look better... still holding on to it. {image}
please pay attention to PA
You started shorting before PA got to 61 then before 78.You should always look at the bigger picture.USD was getting whipped because of Trump ambiguous positions yet to be disclosed but you started early to buy USD even though every major currency was beating the USD! Please pay attention to sentiment!
You might get out hopefully without big damage but let this be a lesson to learn.
In trading, you have to be defensive and aggressive at the same time
  • #6,313
  • Jan 26, 2017 5:11am Jan 26, 2017 5:11am
Quoting liamseden
{quote} Congratulations Davit,  Always admiring how your trades are well spreaded on the chart.  Target Hit +600 pips profit from NU. That was Quick.Â
Great Job beer on me
In trading, you have to be defensive and aggressive at the same time
  • #6,314
  • Edited 5:29am Jan 26, 2017 5:14am | Edited 5:29am
EU still uptrend
once you place the pivot you can see WP close to 700 resisting further decline
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 32 KB
Click to Enlarge Name: EURUSDH42.png Size: 39 KB
In trading, you have to be defensive and aggressive at the same time
  • #6,315
  • Jan 26, 2017 5:22am Jan 26, 2017 5:22am
this week 31-0
still have some DD trades like AJ and EA but not out of control. Twice I could of closed AJ in profit and both times I thought it could get lower below 85 but never did so far.Perhaps a mistake on my part not to have closed those trades.I hate closing winning positions early but Aussie has been mighty powerful of late... .To balance out bought lots of Aussie against the NZD.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 11 KB
In trading, you have to be defensive and aggressive at the same time
  • #6,316
  • Jan 26, 2017 5:34am Jan 26, 2017 5:34am
wow 259k lot worse then projected.Does not help USD bulls.Good thing I have no USD on my basket
UJ should start declining again
In trading, you have to be defensive and aggressive at the same time
  • #6,317
  • Jan 26, 2017 6:30am Jan 26, 2017 6:30am
[quote=Davit;9484388]{quote} please pay attention to PA.

Thanks Davit, will do.

closing all positions on UJ
Attached Image (click to enlarge)
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  • #6,318
  • Jan 26, 2017 6:36am Jan 26, 2017 6:36am
[quote=FxProsper;9482645]{quote} You have brave balls ...

Hahaha.... I hope I still have them after this trade.... thanks mate. trade is still open..
  • #6,319
  • Jan 26, 2017 8:08am Jan 26, 2017 8:08am
Closing all positions on EU.
Thanks Davit
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 32 KB
  • #6,320
  • Jan 26, 2017 8:22am Jan 26, 2017 8:22am
Attached Image (click to enlarge)
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