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Pivot Trading

  • #8,381
  • Apr 10, 2017 6:38am Apr 10, 2017 6:38am
Quoting GoopFX
{quote} umm OIL is such a manipulated market.. and so is UCAD half the time it does the opposite of oil (which it shouldn't) Also note uCAD traders.. big negative coorelation with NZD/USD.. so if NZD is rising UCAD will fall... (big negative coorelation similar % to that of E/U vs. uCHF) for oil u may wana look for WTI, which is currently priced at 52.40 with daily pivot at 51.93 weekly 51.37 Gold just fell below 200 SMA on 1 hour.. and is below 200SMA on daily.. so this could be start of bearish gold and bullish USD (USD/JPY trump trade might be...
"Every moment in the market is unique" Mark Douglas.
I mean it doesn't always go on the opposite of expectations, example in last December rate hike USD got stronger then ever, just like it was expected. You have to be flexible in the market in order to survive.
"Letting losses run is the most serious mistake made by most investors."W.O
  • #8,382
  • Apr 10, 2017 6:49am Apr 10, 2017 6:49am
Quoting liamseden
{quote} "Every moment in the market is unique" Mark Douglas. I mean it doesn't always go on the opposite of expectations, example in last December rate hike USD got stronger then ever, just like it was expected. You have to be flexible in the market in order to survive.
ofcourse generally on rate hike currency is too go up (fundamentally speaking)..BUT this time market has diff dynamics.. its also about future guidance now as market priced in all the rate hike..

last year market was different. After trump trade market is 360 degree different. Ranges have changes,fundamentals have changed (trump's twitter n its wonders) I hear alot of this mark douglas guy, i seen a clip or two of his nothing special anyone can talk, few walk, i follow guys who walk the walk, guys like Timothy morge (andrew pitchfork specialist) mark fisher (ACD pivot ranging specialist) Chris Lori (price actionist) channel trading (bouraq forex) trendline trading (Forex Classmate)

So yea i'll agree being flexible is a must in this trading envrionment. Accept price action, surrender to it. Nomatter how good fundamentals look price action is THE reality gotta accept it.
  • #8,383
  • Apr 10, 2017 7:30am Apr 10, 2017 7:30am
Closed EURCAD +8590
Profit boost!
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH4.png Size: 47 KB
I know one thing, that I know nothing - Socrates
  • #8,384
  • Apr 10, 2017 7:46am Apr 10, 2017 7:46am
Quoting Tamarind77
Closed EURCAD +8590 Profit boost! {image}


Wooohoo!!!
  • #8,385
  • Edited 8:10am Apr 10, 2017 7:51am | Edited 8:10am
Quoting Tamarind77
Closed EURCAD +8590 Profit boost!
On a countback I'm thinking you've had that running 15 days or so with first entry on that top spike, 63 candles / 4 =15. Well done I reckon
Then again your first entrys may have been the previous spike a few days prior to that even. Still well done.

Humongous numbers that have me drooling
"You know what needs to be addressed , completely completely reverse that".
  • #8,386
  • Apr 10, 2017 7:52am Apr 10, 2017 7:52am
Quoting Tamarind77
Closed EURCAD +8590 Profit boost! {image}
Perfect swing there. Pick from the top and joining rallies to bottom.
"Letting losses run is the most serious mistake made by most investors."W.O
  • #8,387
  • Apr 10, 2017 7:53am Apr 10, 2017 7:53am
Quoting Kmw
{quote} On a countback I'm thinking you've had that running 13 days or so, 53 candles / 4 =13. Well done I reckon
Worth to wait

Quoting liamseden
{quote} Perfect swing there. Pick from the top and joining rallies to bottom.
I know one thing, that I know nothing - Socrates
  • #8,388
  • Apr 10, 2017 7:55am Apr 10, 2017 7:55am
Just closed another USDCAD +953
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 43 KB
I know one thing, that I know nothing - Socrates
  • #8,389
  • Apr 10, 2017 8:13am Apr 10, 2017 8:13am
Quoting Tamarind77
Just closed another USDCAD +953 {image}
Hi,

Just want to say great trading but I don't understand someting on your chart . Please help.

It looks like you have 1 position around 1.3490, 1 position around 1.3420 and 2 positions around 1.3400. The chart shows the current level at 1.3364. I do see how that adds up to 953 pips. My math puts it closer to 270 pips.

What am I doing wrong ?


Thanks
  • #8,390
  • Apr 10, 2017 8:16am Apr 10, 2017 8:16am
Quoting Tamarind77
Just closed another USDCAD +953 {image}

I see you putting profit in the pocket Tamarind, which is a good thing, but I wonder why you pulled out here on U/C between pivots with all indicators strongly trending down?
  • #8,391
  • Apr 10, 2017 8:21am Apr 10, 2017 8:21am
Quoting Tamarind77
Closed EURCAD +8590 Profit boost! {image}
wow just fabulous!
In trading, you have to be defensive and aggressive at the same time
  • #8,392
  • Apr 10, 2017 8:22am Apr 10, 2017 8:22am
Quoting Tamarind77
Just closed another USDCAD +953 {image}
Great! Keep piling in
In trading, you have to be defensive and aggressive at the same time
  • #8,393
  • Apr 10, 2017 8:23am Apr 10, 2017 8:23am
Quoting Blackopal
{quote} I see you putting profit in the pocket Tamarind, which is a good thing, but I wonder why you pulled out here on U/C between pivots with all indicators strongly trending down?
I think UC has been erratic bouncing up and down and latest Trump policies overseas causing nerves to rattle in which case once settles down USD may spike up again and UC north again so in defense of T he did good.
I am just pissed at getting out of AC soo early perhaps my biggest mistake this year.Left shitload of money on the table

Nice to see you guys hitting the green
In trading, you have to be defensive and aggressive at the same time
  • #8,394
  • Apr 10, 2017 8:27am Apr 10, 2017 8:27am
Quoting GoopFX
{quote} ofcourse generally on rate hike currency is too go up (fundamentally speaking)..BUT this time market has diff dynamics.. its also about future guidance now as market priced in all the rate hike.. last year market was different. After trump trade market is 360 degree different. Ranges have changes,fundamentals have changed (trump's twitter n its wonders) I hear alot of this mark douglas guy, i seen a clip or two of his nothing special anyone can talk, few walk, i follow guys who walk the walk, guys like Timothy morge (andrew pitchfork specialist)...
Are you sure you are in the right thread? Your previous post had some good info but was mostly complicating this simple yet effective method. It was it's simplicity that not just attracted me but actually worked.
Invest in Life
  • #8,395
  • Apr 10, 2017 8:31am Apr 10, 2017 8:31am
Quoting 1PipDaddy
{quote} Hi, Just want to say great trading but I don't understand someting on your chart . Please help. It looks like you have 1 position around 1.3490, 1 position around 1.3420 and 2 positions around 1.3400. The chart shows the current level at 1.3364. I do see how that adds up to 953 pips. My math puts it closer to 270 pips. What am I doing wrong ? Thanks
its not 1 opened trade at that level, but have 5 opened trade and sometimes more than 5, so the sum is +953 pips.
I know one thing, that I know nothing - Socrates
  • #8,396
  • Edited 8:43am Apr 10, 2017 8:31am | Edited 8:43am
Quoting GoopFX
{quote} o wow ok so you guys are using weekly pivots that clarifies.. Yes weekly are strong pivots levels but problem is they dont trigger opportunities on daily basis. (so i guess u guys are swing/position traders not daytraders/scalpers). On weekly you'll get less trades but high probability levels. I use floor pivots (traditional) non-fib..they are close enough.. Also i use mid pivot levels, those are useful too cuz price doesnt always complete pivot to pivot journey.. sometimes it stops in Midway n retests levels.. so having mid pivot levels...
Its nice to have you here and would of been lot nicer had you paid attention from page 1 and tried understanding what is going on.
uploading indicator not part of this system was not cool specially that I requested in bold orange on 1st page not using anything else.I suggest deleting your post.I don't want confusion of my system.
You are not scoring points on me.
In trading, you have to be defensive and aggressive at the same time
  • #8,397
  • Apr 10, 2017 8:34am Apr 10, 2017 8:34am
Quoting Davit
{quote} I think UC has been erratic bouncing up and down and latest Trump policies overseas causing nerves to rattle in which case once settles down USD may spike up again and UC north again so in defense of T he did good. I am just pissed at getting out of AC soo early perhaps my biggest mistake this year.Left shitload of money on the table Nice to see you guys hitting the green

I am very impressed with Tamarind's trades. He's doing a lot better than I am. I'm just curious about his reasons here. I've still got a couple of shorts U/C, just put my TP lower today on the tails above S61.
  • #8,398
  • Apr 10, 2017 8:40am Apr 10, 2017 8:40am
Quoting Blackopal
{quote} I am very impressed with Tamarind's trades. He's doing a lot better than I am. I'm just curious about his reasons here. I've still got a couple of shorts U/C, just put my TP lower today on the tails above S61.
I am still all open going south on UC.After my AC mistake I am lot vigilant of doing the right thing.32 is legit target
In trading, you have to be defensive and aggressive at the same time
  • #8,399
  • Apr 10, 2017 8:41am Apr 10, 2017 8:41am
Quoting Blackopal
{quote} I see you putting profit in the pocket Tamarind, which is a good thing, but I wonder why you pulled out here on U/C between pivots with all indicators strongly trending down?
"all indicators strongly trending down" not always means we need to staying.
As you can see on daily chart, up and down pass few days, anything can happen, fundamental in play,
my profit are enough for me, so why i need more? so then i pulled all.

Like Davit said post 8394
I know one thing, that I know nothing - Socrates
  • #8,400
  • Apr 10, 2017 8:42am Apr 10, 2017 8:42am
Not a bad start to April,

AC hit SL, Rentry in profit
UJ still running
EC still running

Green Pips,
MR

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADH1100407.png Size: 34 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1100407.png Size: 36 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH1100407.png Size: 35 KB
Silence your Ego & Your Power will Rise
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