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Pivot Trading

  • #8,961
  • May 5, 2017 3:35am May 5, 2017 3:35am
Euro pairs spiked up huge last few days.Happens market makers squeeze weak longs and shorts and that's why your positions should not be big.
EA particularly got hammered hard.I hope did not damage you guys
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #8,962
  • May 5, 2017 3:45am May 5, 2017 3:45am
Thanks Davit. Currently in EA and filled my last position on it at just above R100 looking for an exit in between R38 and R61. Also in AU about break even at the mo.

I'll re-assess in a couple of hours going into NFP. Would be nice going flat for the weekend but no big deal..
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #8,963
  • May 5, 2017 3:47am May 5, 2017 3:47am
You've also got me scanning Ebay for Classic Goldwings....!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #8,964
  • May 5, 2017 4:03am May 5, 2017 4:03am
Quoting BeyondTheSea
You've also got me scanning Ebay for Classic Goldwings....!
worst place.Look at your local Craigslist. There are lots of them since most owners "upgraded" to 6cylander monsters and left 4cylender wings unloved.
Very popular bikes in custom builders.You can turn it any way you want or keep stock
There are several nice examples in New England area.Maybe different case in UK but here in USA there are lots of them under 3k in great condition
These bike can go 300k with proper maintenance.Solidly build by Honda.I like old tech bikes that you can work on.Carbs and no electronic throttle or sensors and rest of that shit when fails you just need to take to dealer and get squeezed.This is why old air cooled BMW's still sought after. Try finding 70's R90's very hard under 10k
anyway good luck
http://www.ebay.com/itm/BMW-R90S-/162500650816
reserve not met at 6k
In trading, you have to be defensive and aggressive at the same time
  • #8,965
  • May 5, 2017 5:12am May 5, 2017 5:12am
crude looking really good for CAD
  • #8,966
  • May 5, 2017 9:06am May 5, 2017 9:06am
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  • #8,967
  • May 5, 2017 10:30am May 5, 2017 10:30am
Quoting fibo38
{image}
did you get out?lots more in the tank. This could be a beginning of a larger move south
My TP is 1.33
In trading, you have to be defensive and aggressive at the same time
  • #8,968
  • May 5, 2017 10:38am May 5, 2017 10:38am
Yes Davit, I go out in R38.
  • #8,969
  • May 5, 2017 10:45am May 5, 2017 10:45am
Looking GA go South in 4H and 1H
  • #8,970
  • May 5, 2017 11:00am May 5, 2017 11:00am
Quoting fibo38
Looking GA go South in 4H and 1H
Not recommending not just yet.
GU at R38.It might work if GU goes south but being at R38 does not give confidence plus this being a Friday Monday will be new pivots and possibly lower level pivots for GA and you might find yourself early bird special Territory.
R61 holding firmly so far
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In trading, you have to be defensive and aggressive at the same time
  • #8,971
  • May 5, 2017 11:28am May 5, 2017 11:28am
Oh dear oil, I wish I had this "patience". The boxes were my original targets when I started short Oil on 12th April, all closed 26th...

Reentered CAD short.
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buying tops / selling bottoms
  • #8,972
  • May 5, 2017 11:36am May 5, 2017 11:36am
Quoting voty
I wish I had this "patience" ...
Hi Voty
I suggest splitting your account in 2
1 you trade short term day or two and 2nd account longer for weeks or even a month
This way it will satisfy both urges.I bet one holding longer will grow bigger as well.

I think Euro will start declining. French election La Pens loss is already priced in IMO so holding EC to 1.48 possibly lower
In trading, you have to be defensive and aggressive at the same time
  • #8,973
  • May 5, 2017 11:40am May 5, 2017 11:40am
Quoting voty
Oh dear oil, I wish I had this "patience". The boxes were my original targets when I started short Oil on 12th April, all closed 26th... Reentered CAD short. {image} {image}
I remember you had nice positions on oil.Well 20/20 is easier said.
In trading, you have to be defensive and aggressive at the same time
  • #8,974
  • May 5, 2017 12:07pm May 5, 2017 12:07pm
Quoting Davit
{quote} Hi Voty I suggest splitting your account in 2 1 you trade short term day or two and 2nd account longer for weeks or even a month This way it will satisfy both urges.I bet one holding longer will grow bigger as well. I think Euro will start declining. French election La Pens loss is already priced in IMO so holding EC to 1.48 possibly lower
Ah was too fast, was miss-click post without pictures. But you got the point.
Well in fact I already use 4 accounts now doing different stuff.
I'm well aware of holding longer. This week I analyzed all my lost trades. Just about 80% of them would turn to be winners if I hold them longer...

I try different thing to fight this rushing.
There are big stickers on my screen stating: Daily, H4 only
Watching only these TF, TDI and PA since this week.
Never I should make decisions based on lower TF. Those were mostly the impuls to enter/close early for me...
buying tops / selling bottoms
  • #8,975
  • May 5, 2017 12:14pm May 5, 2017 12:14pm
Hi Davit, hi boys and girls, I've been a silence follower of this awesome thread for the last couple of weeks and I've reached page 125 by now - still a long way to go but I'm getting there. Also, I got me a hard-copy of the 'harmonics' pdf posted in here and this is going to be 'my study bible' for the next days.

I've just started trading with real dough and feeling inspired by the great success many of you guys are having.

Now, what do you think where the Gold price is going to go, given the shakiness of the markets in the eve of the French presidential elections?
Gold is well known to be a 'safe haven' in times of insecurity and it has reached the S200 pivot yesterday - see attached image.
I could imagine that it's going to go North. Big time indeed.

What are your thoughts?

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Trading: the world's hardest way to make easy money.
  • #8,976
  • May 5, 2017 12:28pm May 5, 2017 12:28pm
Quoting sniperdebt
{quote} Davit, 78s {image}
Time will tell, patience waiting for my AUD & CAD pairs.
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  • #8,977
  • May 5, 2017 12:44pm May 5, 2017 12:44pm
Quoting sniperdebt
Hi Traders, Updated. + Took several short yesterday on Gold and ( Closed ),Currently have one short position & buy left on but watching these areas closely. + Open some buy position on en pairs ( UJ,CJ,EJ). + Long term position still running EA, EG, Gold Have a nice week end. {image} {image}
Still patience, will see how this race end. TDI crossed & move to south at 100R to 200s.
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  • #8,978
  • May 5, 2017 12:53pm May 5, 2017 12:53pm
Quoting BenNeriah
Hi Davit, hi boys and girls, I've been a silence follower of this awesome thread for the last couple of weeks and I've reached page 125 by now - still a long way to go but I'm getting there. Also, I got me a hard-copy of the 'harmonics' pdf posted in here and this is going to be 'my study bible' for the next days. I've just started trading with real dough and feeling inspired by the great success many of you guys are having. Now, what do you think where the Gold price is going to go, given the shakiness of the markets in the eve of the French presidential...
Hi Ben
Welcome.I suggest trading currencies only and pairs 100 ADR or less.As Sniperdebt demonstrated over and over again you only need 1 or 2 great trades to hit your monthly goal.
You should trade what you know best. I don't trade Gold or crude because I don't know them well enough.Trade what you feel comfortable.
regards
In trading, you have to be defensive and aggressive at the same time
  • #8,979
  • May 5, 2017 12:54pm May 5, 2017 12:54pm
Quoting sniperdebt
{quote} Time will tell, patience waiting for my AUD & CAD pairs. {image}
likewise patiently waiting on this and EC and UC
In trading, you have to be defensive and aggressive at the same time
  • #8,980
  • May 5, 2017 12:56pm May 5, 2017 12:56pm
getting some legs on this 75+would be nice by the end of the month
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
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