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Pivot Trading

  • #8,941
  • May 4, 2017 8:36am May 4, 2017 8:36am
Quoting forexday
Hi Davit/fellow traders.. Some beautiful trades are being taken, well done guys. Will post a few of my open trades. Are you guys closing your trades using the ea that's posted in here? If not, kindly share what you are using to close your trades with. I used the ea that's posted in here a few times now, but i notice that it closes more than one pair not only the pair you want closed. I never used this type of tool before so maybe I'm doing something wrong, can someone assist me please. thank you in advance. {image} {image} {image} {image}
you got lots of trades going.I hope you are not over trading.Personally I just close one at a time.Never bothered me.
For others looking at his charts and wondering why he started shorting early..../one week you short at 61 and next week if that didn't break new pivot could be 38R and holding more accumulates it. Happens ideally closing trades same week but at times letting run makes sense like EA which I got out way too early.
In trading, you have to be defensive and aggressive at the same time
  • #8,942
  • May 4, 2017 8:40am May 4, 2017 8:40am
Re entry on AC off weekly pivot, 360 pips first time and re entry 105 pips, may have closed a little early but happy with 465 pips
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  • #8,943
  • May 4, 2017 8:43am May 4, 2017 8:43am
this gap most likely will close soon
could be after NFP
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In trading, you have to be defensive and aggressive at the same time
  • #8,944
  • May 4, 2017 8:46am May 4, 2017 8:46am
crude got sold hard drop from 53 and interestingly CAD is holding up well.Not bad at all.
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #8,945
  • May 4, 2017 8:47am May 4, 2017 8:47am
Quoting montego
Re entry on AC off weekly pivot, 360 pips first time and re entry 105 pips, may have closed a little early but happy with 465 pips {image}
good going
In trading, you have to be defensive and aggressive at the same time
  • #8,946
  • May 4, 2017 9:22am May 4, 2017 9:22am
I have been obsessed with old goldwings 1975-1983
Scored a nice one for cheap.Going to turn it nice cafe.Love these bikes literary indestructible and can easily go 300k with good maintenance..

Inserted Video

at 2min mark on listen to this beast
Attached Image (click to enlarge)
Click to Enlarge Name: 1983-honda-goldwing-gl1100-naked-gl-1100-just-serviced-100-ready-to-go-3.jpg Size: 53 KB
In trading, you have to be defensive and aggressive at the same time
  • #8,947
  • May 4, 2017 10:33am May 4, 2017 10:33am
What a great ride on a beautiful bike.

Thanks for sharing.
  • #8,948
  • May 4, 2017 10:40am May 4, 2017 10:40am
Quoting mmo1991
{quote} Hi friend, I think EA still going up.
Yes EA closed around WP, waiting another potential sell opportunity.

AU target 2 hits, patience and discipline
Attached Image (click to enlarge)
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  • #8,949
  • May 4, 2017 10:40am May 4, 2017 10:40am
Quoting fibo38
[Quote = forexday; 9828817] Hola pescante / compaeros comerciantes .. Se estn dando algunos oficios hermosas, bien hecho chicos. Fijar por algunos de mis operaciones abiertas. Son ustedes el cierre de sus operaciones mediante el EA que se ha escrito en esta lista? Si no es as, la amabilidad de compartir lo que est utilizando para cerrar sus operaciones con. He utilizado la EA que se ha escrito en aqu unas cuantas veces, pero noto que se cierra ms de un par no slo la pareja desea cerrado. Nunca he usado este tipo de herramienta antes, as que tal...

Thank you Fibo..happy trading
  • #8,950
  • May 4, 2017 10:53am May 4, 2017 10:53am
Waiting AC with patience..
Attached Image (click to enlarge)
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  • #8,951
  • May 4, 2017 10:56am May 4, 2017 10:56am
Quoting Davit
{quote} you got lots of trades going.I hope you are not over trading.Personally I just close one at a time.Never bothered me. For others looking at his charts and wondering why he started shorting early..../one week you short at 61 and next week if that didn't break new pivot could be 38R and holding more accumulates it. Happens ideally closing trades same week but at times letting run makes sense like EA which I got out way too early.

Sometimes I tend to overtrade Davit.
I also close one trade at a time therefore cant understand why several pairs will close.
will try the ea fibo posted.
Take care and happy trading.
  • #8,952
  • May 4, 2017 1:20pm May 4, 2017 1:20pm
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADH4.png Size: 85 KB
  • #8,953
  • May 4, 2017 2:40pm May 4, 2017 2:40pm
Closed AC +725, AU +1080, EJ +130. The last one not really pivot following, just PA on H1...

AC,AU both TDI cross on H4, that's enough for me to close it. Switched to small long on both...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: OANDA-GMT+2 Live - [AUDCAD,H4] 2017-05-04 1924_close_TDI_cross_profit725.png Size: 56 KB
Click to Enlarge Name: OANDA-GMT+2 Live - [AUDUSD,H4] 2017-05-04 1930_close_TDI_cross_profit_1080.png Size: 49 KB
Click to Enlarge Name: OANDA-GMT+2 Live - [EURJPY,H1] 2017-05-04 1933_long_profit_130.png Size: 39 KB
buying tops / selling bottoms
  • #8,954
  • May 4, 2017 3:32pm May 4, 2017 3:32pm
Nice gain on AUD, but not to forget about losses also.
I'm out of UC short since Tuesday, finally. This was after a full of week resisting to accept the loss, ended up in -2500 around 1.37.

Two weeks back I commented that I like to see cross on daily TDI before adding short to the short.
When looking on daily now, there is no cross at all. Any idea why I started to build this position ?

The main concern I have about this is seen on weekly chart. I do like pivots action, but I like to see some previous structure.
There might be one around 1.39 so almost there. But if this one gets broken, next one is 1.47. And I really don't want to be shorting into that...

If I stayed small as usual, no issue up to 1.40. But I did not this time, was so sure. Lesson learned.
This just confirms I'm not ready yet. And I'm glad I still use just fraction of my trading capital...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: OANDA-GMT+2 Live - [USDCAD,Weekly] 2017-05-02 1713_loss_2500.png Size: 53 KB
Click to Enlarge Name: OANDA-GMT+2 Live - [USDCAD,Weekly] 2017-05-04 2209_structure.png Size: 48 KB
buying tops / selling bottoms
  • #8,955
  • May 4, 2017 4:02pm May 4, 2017 4:02pm
Quoting voty
Closed AC +725, AU +1080, EJ +130. The last one not really pivot following, just PA on H1... AC,AU both TDI cross on H4, that's enough for me to close it. Switched to small long on both... {image} {image} {image}
my pivots r totally different to yours, r u using the ones davit posted in the fist page.....
  • #8,956
  • May 4, 2017 9:14pm May 4, 2017 9:14pm
Quoting voty
Closed AC +725, AU +1080, EJ +130. The last one not really pivot following, just PA on H1... AC,AU both TDI cross on H4, that's enough for me to close it. Switched to small long on both... {image} {image} {image}
I understand that Davit's system gives higher probability of success on AU longs at present but just tread carefully (perhaps smaller positions than usual) this month, there's something about May price action in 6 of last 7 years.....
High to Low pips
May 2010 1210
May 2011 570
May 2012 760
May 2013 856
May 2015 545
May 2016 575
Attached Image (click to enlarge)
Click to Enlarge Name: May AU Monthly chart.png Size: 29 KB
Hope for the best, prepare for the worst.
  • #8,957
  • May 5, 2017 1:07am May 5, 2017 1:07am
https://www.bloomberg.com/news/artic...risk-contagion

Still waiting for price action on the AUD. Iron Ore still down 7%.
  • #8,958
  • May 5, 2017 1:14am May 5, 2017 1:14am
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  • #8,959
  • May 5, 2017 1:22am May 5, 2017 1:22am
Quoting sniperdebt
{quote} Yes EA closed around WP, waiting another potential sell opportunity. AU target 2 hits, patience and discipline {image}
AU Continuation in an up move or a reversal at support on a down. Weekly,Daily still has a space to move down. 32 < TDI < 50.
Wait patiently to see how this is handled at the TL/NL to get involved in the next trade.
Attached Image (click to enlarge)
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  • #8,960
  • May 5, 2017 3:31am May 5, 2017 3:31am
Quoting dab
{quote} I understand that Davit's system gives higher probability of success on AU longs at present but just tread carefully (perhaps smaller positions than usual) this month, there's something about May price action in 6 of last 7 years..... High to Low pips May 2010 1210 May 2011 570 May 2012 760 May 2013 856 May 2015 545 May 2016 575 {image}
I think that can be said just about every pair.System needs to be applied since you don't know which will be winners or losers.
thank you thoughoften what looks bleak turns out the best.
In trading, you have to be defensive and aggressive at the same time
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