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Pivot Trading

  • #6,781
  • Feb 8, 2017 8:19am Feb 8, 2017 8:19am
Quoting mauroby
my first entry with your system thanks {image}
Nice one`
Money doesn't change you. It only makes you more of who you are. -WBuffett
  • #6,782
  • Feb 8, 2017 9:18am Feb 8, 2017 9:18am
almost +200 pips closed just before the drop
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The only thing that will make us successful is if we can control ourselves!
  • #6,783
  • Feb 8, 2017 9:27am Feb 8, 2017 9:27am
Quoting pabuuu
almost +200 pips closed just before the drop {image}
When UJ is dropping I recommend not selling the Yen on the crosses.This is basic! I won't mention again importance of watching the majors for crosses.
In trading, you have to be defensive and aggressive at the same time
  • #6,784
  • Feb 8, 2017 9:37am Feb 8, 2017 9:37am
Quoting mauroby
{quote} can you comment this? i am newbie with this system thank you
Try to execute 30 trades 1st before asking for opinion.There is such a thing called luck.I like to see more trades from you.
While you are at it make sure you read the 1st page! specially bold orange text.
In trading, you have to be defensive and aggressive at the same time
  • #6,785
  • Feb 8, 2017 9:38am Feb 8, 2017 9:38am
Might consider adding EURCHF to watch list
Touching S61 and have possibilities of touching S78
Tho the bear force is still strong now
Any idea ?
Money doesn't change you. It only makes you more of who you are. -WBuffett
  • #6,786
  • Feb 8, 2017 9:45am Feb 8, 2017 9:45am
Quoting Davit
{quote} When UJ is dropping I recommend not selling the Yen on the crosses.This is basic! I won't mention again importance of watching the majors for crosses.

I will remember it the next time. Thanks for pointing it out!
The only thing that will make us successful is if we can control ourselves!
  • #6,787
  • Feb 8, 2017 9:57am Feb 8, 2017 9:57am
Quoting pabuuu
{quote} I will remember it the next time. Thanks for pointing it out!
Trading is sort of balancing factors.Its an ART.Like music,painting etc. When I place a trade I look at the News,Majors and any big fundamental factors that can be against me.It's never been purely mechanical.There is lots of filtering going on.
Good luck carry on.
In trading, you have to be defensive and aggressive at the same time
  • #6,788
  • Feb 8, 2017 10:03am Feb 8, 2017 10:03am
Quoting SilentReader
Might consider adding EURCHF to watch list Touching S61 and have possibilities of touching S78 Tho the bear force is still strong now Any idea ?
I think most brokers charge max margin for trading the Swiss after catastrophic Swiss drop. To me I just can't justify holding good deal of margin for a pair that travels 30pips a day.
If you feel comfortable committing the margin go ahead place your longs...but personally I recommend to pass up.
In trading, you have to be defensive and aggressive at the same time
  • #6,789
  • Feb 8, 2017 10:12am Feb 8, 2017 10:12am
AUDUSD just testing weekly pivot, we trade below weekly open, looking to short
  • #6,790
  • Feb 8, 2017 10:16am Feb 8, 2017 10:16am
Quoting blueman
AUDUSD just testing weekly pivot, we trade below weekly open, looking to short
What do you mean "WE"
1st of all WP is at 7628 and price is at 7635 so technically is upper side of WP. Where you come up with this shit.If anything I always stressed not taking trades at WP because its in neutral area and can go both ways.
In trading, you have to be defensive and aggressive at the same time
  • #6,791
  • Feb 8, 2017 10:20am Feb 8, 2017 10:20am
I mean the market (WE), I said we are testing it, I didn't said we break it.
  • #6,792
  • Feb 8, 2017 10:25am Feb 8, 2017 10:25am
Quoting blueman
I mean the market (WE), I said we are testing it, I didn't said we break it.
please read the 1st page.
In trading, you have to be defensive and aggressive at the same time
  • #6,793
  • Feb 8, 2017 10:29am Feb 8, 2017 10:29am
Closed all EA trades for BE was in dd. Could have held but protect your account is a priority. Have had this trade for a week so happy to close
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  • #6,794
  • Feb 8, 2017 10:33am Feb 8, 2017 10:33am
Quoting Ibar51
Closed all EA trades for BE was in dd. Could have held but protect your account is a priority. Have had this trade for a week so happy to close {image}
glad you got out Barry! Good account managing!
In trading, you have to be defensive and aggressive at the same time
  • #6,795
  • Feb 8, 2017 10:41am Feb 8, 2017 10:41am
hi Davit, how are you?
will you please post your usdjpy chart? i have doubts about my pivots.
  • #6,796
  • Feb 8, 2017 10:57am Feb 8, 2017 10:57am
Quoting alibutt
hi Davit, how are you? will you please post your usdjpy chart? i have doubts about my pivots.
I am doing fine thank you.
I posted plenty of charts this week.When you adjust 1 pair everything else lines up.Its not pair specific.
anyway here it is
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In trading, you have to be defensive and aggressive at the same time
  • #6,797
  • Feb 8, 2017 10:59am Feb 8, 2017 10:59am
Quoting alibutt
hi Davit, how are you? will you please post your usdjpy chart? i have doubts about my pivots.
I doubt mine too.. ,But here's mine..
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Edit : Well..pretty much the same with davit
Money doesn't change you. It only makes you more of who you are. -WBuffett
  • #6,798
  • Feb 8, 2017 11:05am Feb 8, 2017 11:05am
Third attempt down. This I think will be right
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  • #6,799
  • Feb 8, 2017 12:09pm Feb 8, 2017 12:09pm
RBNZ rate decision. RBNZ said exchange rate should decline. So far so good. I had also AN long.

Edit: Closed positions. Maybe enter later. It is enough now. I will sleep.
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  • #6,800
  • Feb 8, 2017 12:23pm Feb 8, 2017 12:23pm
I have two account with two different broker. Below is for fun with real money. No strict money manegement rules. I just gamble with this account. ( I don't advice it anybody if you cant afford the risk!!!!!)

I generally risk %25 of the balance. Think like that. And the February results were good. I will have some fun with this money.

I follow conservative money management rules in the other account. And for sure that one is going well.

Thanks pivoteers and of course Davit.
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