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Pivot Trading

  • #7,281
  • Feb 23, 2017 5:16am Feb 23, 2017 5:16am
Closed the UC with 240+ pips
The price might go down since theTDI at H4 still @ 50 area.... but the TDI at H1 already reached 32.
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Still DD at EA... position BUY..
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #7,282
  • Feb 23, 2017 5:18am Feb 23, 2017 5:18am
Quoting csternfx
{quote} I got in there, but out too early. Didn't really have time to watch it. One of my first with multiple entries. I set sell limits above and let price come and take them. I've noticed a mental thing where I will close early in order to keep the winning streak alive and not risk letting it lose. It clearly dropped more. I should have at least targeted the 61. {image}
If you are too nervous about profits or losses then your positions are too big.If it effects your decisions then you must adjust how you trade.
regards

I basically try hitting next pivot then wait and see if price wants to go further but if opposite momentum is too great then I just get out even with minimum gain or losses.
In trading, you have to be defensive and aggressive at the same time
  • #7,283
  • Feb 23, 2017 5:21am Feb 23, 2017 5:21am
Quoting andy_l
Closed the UC with 240+ pips The price might go down since theTDI at H4 still @ 50 area.... but the TDI at H1 already reached 32. {image} Still DD at EA... position BUY..
nice
In trading, you have to be defensive and aggressive at the same time
  • #7,284
  • Feb 23, 2017 5:23am Feb 23, 2017 5:23am
I am sick of the AUD but worth watching AJ
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In trading, you have to be defensive and aggressive at the same time
  • #7,285
  • Feb 23, 2017 5:32am Feb 23, 2017 5:32am
Quoting Davit
{quote} If you are too nervous about profits or losses then your positions are too big.If it effects your decisions then you must adjust how you trade. regards I basically try hitting next pivot then wait and see if price wants to go further but if opposite momentum is too great then I just get out even with minimum gain or losses.
I think I was too focused on keeping the equity curve growing. It was an exciting time to finally see progress. I could have at least left part of the position open as well. No reason to close all of the entries. This is still demo for me. At least I'm experiencing some of the same psychological issues on demo that I will face live. Live I will be using .01 positions.

I've been focusing on trying to find winning trades and shake off old habits. Now that I've made progress, I intend to define my risk management for positions and draw down.

Its quite a relaxing feeling to know with multiple entries if PA goes against you, you have the opportunity to get in at a better price. Most of these swings have a reversal that will get you out in profit. Except for the Aussie lately.
  • #7,286
  • Feb 23, 2017 5:36am Feb 23, 2017 5:36am
Quoting Davit
I am sick of the AUD but worth watching AJ {image}

Me too....but added 2 more for the double top.
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  • #7,287
  • Feb 23, 2017 5:48am Feb 23, 2017 5:48am
anyone watching these 2
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  • #7,288
  • Feb 23, 2017 6:08am Feb 23, 2017 6:08am
I closed my single U/C short entry here for 50 pips. Short term that proved to be better short option than A/C. Oil inventories in 2 hours, Kenny Lowe speaks again in 8.5 hrs. We'll see if his tune changes any, but not likely. Bloody Aussies! Fair Dinkum!!!
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  • #7,289
  • Edited 6:36am Feb 23, 2017 6:14am | Edited 6:36am
Quoting Blackopal
{quote} Me too....but added 2 more for the double top. {image}
Same here... been waiting for 2 weeks..
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #7,290
  • Edited 7:05am Feb 23, 2017 6:23am | Edited 7:05am
Quoting Blackopal
{quote} Me too....but added 2 more for the double top. {image}
Look at the TDI at AN chart is starting turning turning down....
Posibility the AU will go down....
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Did U see what I see...
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Sell GU
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #7,291
  • Feb 23, 2017 6:45am Feb 23, 2017 6:45am
AUD is on steroids.Sentiment might change after Lowe testimony tonight
7745 is 61R
This is when waiting a day might make a difference
In trading, you have to be defensive and aggressive at the same time
  • #7,292
  • Feb 23, 2017 6:55am Feb 23, 2017 6:55am
Quoting Davit
congrats to UC bears.Price went higher then 100R taking stops then dropped nicely. {image}
Davit, do you take positions based on PA or do you wait for the TDI? Or are they close anyways?
If you are good at something, never do it for free--Joker
  • #7,293
  • Feb 23, 2017 7:08am Feb 23, 2017 7:08am
Quoting jmn5611
{quote} Davit, do you take positions based on PA or do you wait for the TDI? Or are they close anyways?
Hi buddy/PA foremost 15 30min charts mostly..My TDI settings is faster and do look at it.When both converge very high probability trade.
regards
In trading, you have to be defensive and aggressive at the same time
  • #7,294
  • Feb 23, 2017 7:23am Feb 23, 2017 7:23am
nice looking pin bar forming on h4 en
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  • #7,295
  • Feb 23, 2017 7:30am Feb 23, 2017 7:30am
AU hopefully dropping....nice pin on 61R...I am loaded and dont want my MM to screw up by adding more positions...just in case
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Fall seven times, stand up Eight! #GGMU
  • #7,296
  • Feb 23, 2017 8:03am Feb 23, 2017 8:03am
Gbpusd atenttion adr is hight,
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  • #7,297
  • Edited 8:17am Feb 23, 2017 8:03am | Edited 8:17am
GU suddenly move to North..
Big player are "eaten" the Stop Loss from player whom put Sell Order at Resistance (R38).. before its really goes down.. jz my thought... hit my small SL.
and re-entry back from R61... SELL...
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #7,298
  • Feb 23, 2017 8:09am Feb 23, 2017 8:09am
update
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  • #7,299
  • Feb 23, 2017 9:02am Feb 23, 2017 9:02am
Quoting Davit
{quote} Hi buddy/PA foremost 15 30min charts mostly..My TDI settings is faster and do look at it.When both converge very high probability trade. regards
Thanks, I asked the question to highlight that in your rectangle you could see the bears overwhelming the bulls at the R100 point. I was thinking you might be getting short before the TDI actually rolled over. Just wanted to let some folks see that you have to have a base knowledge in PA to trade the method. You said this in your first post, but as I follow along I realize that people just won't read post one.

See you around my friend...
If you are good at something, never do it for free--Joker
  • #7,300
  • Feb 23, 2017 9:29am Feb 23, 2017 9:29am
EURGBP
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I know one thing, that I know nothing - Socrates
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