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Pivot Trading

  • #6,361
  • Jan 29, 2017 10:07pm Jan 29, 2017 10:07pm
Quoting Dildubai
Hi Guys, GCAD looks like ready to break or Bounce off the WPP. DD GBPCADH1.png;2162182[attach] {image}
Best stay clear of Pound in my view. Too much uncertainty.
In trading, you have to be defensive and aggressive at the same time
  • #6,362
  • Jan 29, 2017 10:13pm Jan 29, 2017 10:13pm
Quoting Ibar51
Hi Davit how is your son doing hope he is completely recovered. You still hard at work?. Sorry about the extra indicator on nz jpy Closed CAD/JPY for 120 pip and closed 3 trades on NZD/JP one still open, {image} {image}
Thanks Berry.He is doing fine my wife wants a second opinion so planning to take him further tests.He is doing fine going school and being a teenager.
I dislike the whole second opinion thing but hard fighting with the wife.She wants answers why it happened and doctors after multiple tests could not find out but now she wants a specialist in different hospital. I am happy with unknown maybe its the trader in me be happy with X factor as long as it works....

Anyway good trades! EA showing some life and AN moving North nice
In trading, you have to be defensive and aggressive at the same time
  • #6,363
  • Jan 29, 2017 10:18pm Jan 29, 2017 10:18pm
Quoting Davit
{quote} Thanks Berry.He is doing fine my wife wants a second opinion so planning to take him further tests.He is doing fine going school and being a teenager. I dislike the whole second opinion thing but hard fighting with the wife.She wants answers why it happened and doctors after multiple tests could not find out but now she wants a specialist in different hospital. I am happy with unknown maybe its the trader in me be happy with X factor as long as it works.... Anyway good trades! EA showing some life and AN moving North nice
That is good to hear and the cause maybe long gone and never to return.
  • #6,364
  • Jan 29, 2017 10:20pm Jan 29, 2017 10:20pm
Quoting Davit
{quote} excellent job now go drink some beer
Thanks, but the Monday morning is not the best time for beer
  • #6,365
  • Jan 29, 2017 10:23pm Jan 29, 2017 10:23pm
Quoting Davit
{quote} Thanks Berry.He is doing fine my wife wants a second opinion so planning to take him further tests.He is doing fine going school and being a teenager. I dislike the whole second opinion thing but hard fighting with the wife.She wants answers why it happened and doctors after multiple tests could not find out but now she wants a specialist in different hospital. I am happy with unknown maybe its the trader in me be happy with X factor as long as it works.... Anyway good trades! EA showing some life and AN moving North nice
Have been in a long trade on EA since late last week but it is a long term trade small lot large SL. In profit at present 10 pip but expect this is going to be very long term trade. But you never know
  • #6,366
  • Jan 29, 2017 10:52pm Jan 29, 2017 10:52pm
Ok guys ready to battle the market? Ok lets go!
One of my favorite metal bands Quo Vadis
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #6,367
  • Edited Jan 30, 2017 12:59am Jan 29, 2017 10:53pm | Edited Jan 30, 2017 12:59am
Entered my first trade with this last week while GBP/JPY couldn't break R61. Last position entered today, with the bearish price action on hourly. Took a while to read all 300+ pages of the thread! Slowly making my way through the rest of the material recommended too.
I'm aiming for the weekly pivot, with the uncertainty from the US and with the pound I would expect money to be heading to JPY as a safe haven, although I could be very wrong. That's why is a risk management game in the end.
EDIT: Wondering if I should have left my original TP at about 142.8 the way it's dropping after London open. Oh well, leave it be now.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 48 KB
  • #6,368
  • Jan 29, 2017 11:42pm Jan 29, 2017 11:42pm
Quoting Ibar51
{quote} Have been in a long trade on EA since late last week but it is a long term trade small lot large SL. In profit at present 10 pip but expect this is going to be very long term trade. But you never know
Looking at H4 EA, it seems it will do another wave down, to complete the downtrend.
  • #6,369
  • Jan 30, 2017 12:27am Jan 30, 2017 12:27am
Quoting sagi
{quote} Looking at H4 EA, it seems it will do another wave down, to complete the downtrend.

You maybe right. There is serious support around the 1.4080 level to the 1.4000 level my SL is well below these levels if the 1.4000 level is broken then I will cut the trade.
  • #6,370
  • Jan 30, 2017 1:33am Jan 30, 2017 1:33am
Quoting Davit
{quote} Hi Classy Great setups already on AN from last week big positions and frankly my basket is full.I must wait to close trades I got going in profit before further exposure. regards
thanks mate to notice.my morning lo session snacks..lol
Attached Image (click to enlarge)
Click to Enlarge Name: gusd pip.png Size: 45 KB
Say something meaningful or Silence!!
  • #6,371
  • Jan 30, 2017 6:20am Jan 30, 2017 6:20am
Good morning guys or good evening if you are in far east

EN bounced exactly on 61R
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH1.png Size: 42 KB
In trading, you have to be defensive and aggressive at the same time
  • #6,372
  • Jan 30, 2017 6:27am Jan 30, 2017 6:27am
G/CAD ranging. Hidden div. at the WPP, again on the pullback. TP exactly at S38
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM15.png Size: 44 KB
  • #6,373
  • Jan 30, 2017 6:28am Jan 30, 2017 6:28am
Quoting Davit
Good morning guys or good evening if you are in far east EN bounced exactly on 61R {image}
Nice edge

I just load more on EA
I know one thing, that I know nothing - Socrates
  • #6,374
  • Jan 30, 2017 6:42am Jan 30, 2017 6:42am
Quoting Tamarind77
{quote} Nice edge I just load more on EA
Happens so many times that it continues to amaze me.Can't think of another leading indicator
In trading, you have to be defensive and aggressive at the same time
  • #6,375
  • Jan 30, 2017 6:44am Jan 30, 2017 6:44am
Quoting Davit
{quote} Happens so many times that it continues to amaze me.Can't think of another leading indicator
Absolutely right Daviteverything is about edge, probability, Best Pivot
I know one thing, that I know nothing - Socrates
  • #6,376
  • Jan 30, 2017 6:45am Jan 30, 2017 6:45am
Quoting Davit
Good morning guys or good evening if you are in far east EN bounced exactly on 61R {image}
Morning Davit! I'm watching EN nice accurate little bounce there from S61 ... I am holding those AN longs from last week, so not really keen to add more NZD short exposure atm....Thinking about buying EA to hedge my aud long exposure, hope to revisit S61 or deeper to load up. Hope we can reach AN 1.05 this week been in quite a tight range the last couple of days , both aud and nzd being bought for their yield probably.. hence the tight range imo.
  • #6,377
  • Jan 30, 2017 6:54am Jan 30, 2017 6:54am
Quoting FxProsper
{quote} Morning Davit! I'm watching EN nice accurate little bounce there from S61 ... I am holding those AN longs from last week, so not really keen to add more NZD short exposure atm.. Hope we can reach 1.05 this week been in quite a tight range the last couple of days , both aud and nzd being bought for their yield probably.. hence the tight range imo.
Agree did not expect EA to take this long to reach 43+lot of factors that I could not foresee specially intense support of both NZD and AUD despite of both being on soft grounds fundamentally.
Lot has to do with Trump policies which makes investors nervous and funds going into "safe" zones.
Well what is safe heaven now may not be next month.Forex and sentiment can change quickly in Forex.
In trading, you have to be defensive and aggressive at the same time
  • #6,378
  • Jan 30, 2017 7:11am Jan 30, 2017 7:11am
Quoting Davit
{quote} Agree did not expect EA to take this long to reach 43+lot of factors that I could not foresee specially intense support of both NZD and AUD despite of both being on soft grounds fundamentally. Lot has to do with Trump policies which makes investors nervous and funds going into "safe" zones. Well what is safe heaven now may not be next month.Forex and sentiment can change quickly in Forex.
Very true the market is most dynamic. Thank god we do not need to know Exactly where the market is going next in order to make money on a consistent basis, just more or less
  • #6,379
  • Jan 30, 2017 7:28am Jan 30, 2017 7:28am
Quoting FxProsper
{quote} Very true the market is most dynamic. Thank god we do not need to know Exactly where the market is going next in order to make money on a consistent basis, just more or less
I am relaxed I achieved more then 10% goal for Jan so basically done for the month.Lots of nice set ups that I let it go but once unloaded from current positions will start attacking again.
green pips
In trading, you have to be defensive and aggressive at the same time
  • #6,380
  • Jan 30, 2017 8:15am Jan 30, 2017 8:15am
Today just closed my 2 NJ entries on + 140 pips.
I'm not too focused this week so i will search best exit point for EA and AJ. actually DD on EA and profit on AJ.

Have a good day everyone.

also got hammered by EURCHF. DD -200 pips.
i will cut it at -300.
"Letting losses run is the most serious mistake made by most investors."W.O
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