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Pivot Trading

  • #8,301
  • Apr 5, 2017 9:45pm Apr 5, 2017 9:45pm
Closed AC+517pips
EA will let it run lot higher 43 will be nice
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In trading, you have to be defensive and aggressive at the same time
  • #8,302
  • Apr 5, 2017 9:51pm Apr 5, 2017 9:51pm
AU is in the zone however this being NFP week not touching this yet.Could drop to 7450-70 previous strong sopport
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In trading, you have to be defensive and aggressive at the same time
  • #8,303
  • Apr 5, 2017 10:02pm Apr 5, 2017 10:02pm
AC bounce North above 1.02 would be nice to reload serious shorts
In trading, you have to be defensive and aggressive at the same time
  • #8,304
  • Apr 5, 2017 11:50pm Apr 5, 2017 11:50pm
Hi Davit,

I have been going through your forum and all your recommendations, and all I can say is thank you for being such a perfect tutor.
One question though, do you leave your trades to run over multiple days or close them on a daily basis.

Thanks.
  • #8,305
  • Edited 12:37am Apr 6, 2017 12:26am | Edited 12:37am
Chemical attack on poor Syrian people greatly disturbed me.
Here is to victims memory.Sad times we live.RIP
I feel sometimes what I do is trivial waiting for price reading economic news etc while less fortunate ones concern is getting food and trying to stay alive.
It is my motivation and goal to donate % of my winnings to charities.
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #8,306
  • Apr 6, 2017 1:09am Apr 6, 2017 1:09am
Hi Davit,
Any reviews on USDCAD please.
R78 seems to be a strong resistence, I will appreciate some expert views also. both technical and fundamental.
  • #8,307
  • Apr 6, 2017 2:53am Apr 6, 2017 2:53am
For reference, 4Hr oil chart. Seems similar to the U/CAD
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  • #8,308
  • Apr 6, 2017 5:30am Apr 6, 2017 5:30am
Hi traders! First I want to thank you to Davit for this simple system.I have to read a lot of pages but today I open on demo my first position which end with loss.Comments are welcome.Also I have an open short position on USD/CAD.
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  • #8,309
  • Apr 6, 2017 6:11am Apr 6, 2017 6:11am
Quoting ivanovvvv
Hi traders! First I want to thank you to Davit for this simple system.I have to read a lot of pages but today I open on demo my first position which end with loss.Comments are welcome.Also I have an open short position on USD/CAD. {image}
your SL is to tight.

Read post below, that have same case with you.

Read Davit post:
post 678
post 8232

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I know one thing, that I know nothing - Socrates
  • #8,310
  • Apr 6, 2017 6:30am Apr 6, 2017 6:30am
Twice now I've bailed out on USD/JPY longs when they would've hit my target. I'm heavily into U/cad shorts, but still, got to trust the probabilities. Something to work on!
  • #8,311
  • Apr 6, 2017 7:08am Apr 6, 2017 7:08am
Quoting alibutt
Hi Davit, Any reviews on USDCAD please. R78 seems to be a strong resistence, I will appreciate some expert views also. both technical and fundamental.
I am short and like most of you just waiting.Price will move after Friday.
May spike to 35 but eventually will come down.When ? don't know and nobody knows either.Some trades are fast reaching TP others takes longer.I can tell you market has slowed down and so far USD bulls are in control but that could change.
Fundamentally CAD is doing fine.Nothing that should cause panic to close positions.Don't add any more on UC just wait for Friday.
In trading, you have to be defensive and aggressive at the same time
  • #8,312
  • Apr 6, 2017 7:10am Apr 6, 2017 7:10am
Quoting Tamarind77
{quote} your SL is to tight. Read post below, that have same case with you. Read Davit post: post 678 post 8232 {image} {image}
thanks for the links friend
In trading, you have to be defensive and aggressive at the same time
  • #8,313
  • Apr 6, 2017 7:13am Apr 6, 2017 7:13am
Quoting ivanovvvv
Hi traders! First I want to thank you to Davit for this simple system.I have to read a lot of pages but today I open on demo my first position which end with loss.Comments are welcome.Also I have an open short position on USD/CAD. {image}
Hi just sharing that this is also advance trading requiring 2yr experience.
While you may "cheat" you will be cheating yourself by actual losses that very likely occur due to lack of experience.Demo trading does not teach much.Your mind is not engaged.
Anyway good luck
In trading, you have to be defensive and aggressive at the same time
  • #8,314
  • Apr 6, 2017 7:16am Apr 6, 2017 7:16am
Quoting Rub
Twice now I've bailed out on USD/JPY longs when they would've hit my target. I'm heavily into U/cad shorts, but still, got to trust the probabilities. Something to work on!
consider not trading UJ for a while.Its obviously very erratic and that has lot to do with Tokyo stock market.
When a pair I can't profit I leave it alone until things become clear.
In trading, you have to be defensive and aggressive at the same time
  • #8,315
  • Apr 6, 2017 7:23am Apr 6, 2017 7:23am
AC is in tight narrow range. It will break out just don't know yet which side.
Based on my system it might spike to 61R that would be fantastic to hummer shorts on this bloated currency.
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In trading, you have to be defensive and aggressive at the same time
  • #8,316
  • Apr 6, 2017 7:28am Apr 6, 2017 7:28am
AC weekly candles are long rejected wicks and based on Fib levels Bear side has lot more in the tank but good entries are must on this pair since swap can drain profits when holding too long.
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In trading, you have to be defensive and aggressive at the same time
  • #8,317
  • Apr 6, 2017 8:20am Apr 6, 2017 8:20am
what's going on guys.Concerns? Trades inputs.Soo quiet
In trading, you have to be defensive and aggressive at the same time
  • #8,318
  • Apr 6, 2017 8:25am Apr 6, 2017 8:25am
Long EURJPY, short USDCAD. Waiting...

Took a small stab on GBPAUD short. Not really building a position, but bearish engulfing off R38 on 4 hour. Might be good down to weekly pivot of S38.

Not really much else on radar for me right now. Think market is waiting on NFPs tomorrow.

Like your idea of AUDCAD for future shorts.
  • #8,319
  • Apr 6, 2017 8:30am Apr 6, 2017 8:30am
Quoting csternfx
Long EURJPY, short USDCAD. Waiting... Took a small stab on GBPAUD short. Not really building a position, but bearish engulfing off R38 on 4 hour. Might be good down to weekly pivot of S38. Not really much else on radar for me right now. Think market is waiting on NFPs tomorrow. Like your idea of AUDCAD for future shorts.
looking forward for tomorrow to create extreme levels to pounce on.
We should not fear NFP but think more "great better levels to get in" I always like thinking in terms of opertunity vs Fear.

Should AU get really hummer tomorrow most likely EA may reach 4250-43.I think this has been boiling up for some time.
good luck
In trading, you have to be defensive and aggressive at the same time
  • #8,320
  • Apr 6, 2017 8:33am Apr 6, 2017 8:33am
Quoting Mundo
{quote} USDCAD {image}
Took profit on UC before it shot up. Have a few new entries. Waiting on NFP. Hopefully this will be a double dip
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