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Pivot Trading

  • #9,521
  • May 23, 2017 11:13am May 23, 2017 11:13am
my bias is on weekly north
AB=CD
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In trading, you have to be defensive and aggressive at the same time
  • #9,522
  • May 23, 2017 11:39am May 23, 2017 11:39am
Quoting Davit
AN one thing is certain Aussie being a lot bigger economy will pretty much always be valued more.I pretty much always buy this pair and only time I sold it got ugly and forced me to wait for weeks for PA to get down.Not gonna make that mistake again for me AN is always long {image}
im already in, get 1.0660
I know one thing, that I know nothing - Socrates
  • #9,523
  • May 23, 2017 1:04pm May 23, 2017 1:04pm
Quoting Davit
WP is going to be a real battle zone.Won't be easy to break south {image}
Davit, do you have open positions on EU? I have few, in DD but manageable for now

Edit - Just realized you closed your EA positions. Cheers!
Fall seven times, stand up Eight! #GGMU
  • #9,524
  • May 23, 2017 1:05pm May 23, 2017 1:05pm
EC looks like moving south
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Fall seven times, stand up Eight! #GGMU
  • #9,525
  • May 23, 2017 1:08pm May 23, 2017 1:08pm
NU - lets see how far this goes
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Fall seven times, stand up Eight! #GGMU
  • #9,526
  • May 23, 2017 1:31pm May 23, 2017 1:31pm
Hi everyone, great profits as always for our folks , so happy for you.
I'm doing great too but nothing closed yet.
DD on UC and EG, profit on EC and AC.
EA started tis morning, it's looking great, let's see when PA tells me to take my profits.

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"Letting losses run is the most serious mistake made by most investors."W.O
  • #9,527
  • May 23, 2017 1:36pm May 23, 2017 1:36pm
Quoting liamseden
Hi everyone, great profits as always for our folks , so happy for you. I'm doing great too but nothing closed yet. DD on UC and EG, profit on EC and AC. EA started tis morning, it's looking great, let's see when PA tells me to take my profits. {image}
Same DD on EG and UC however there are moving south.To me and I said this before here DD is part of trading. Either you set tight SL's and get knocked out repeatedly or just wait and allow time to do its thing.
Time is a factor!
In trading, you have to be defensive and aggressive at the same time
  • #9,528
  • May 23, 2017 1:55pm May 23, 2017 1:55pm
Quoting Davit
{quote} Same DD on EG and UC however there are moving south.To me and I said this before here DD is part of trading. Either you set tight SL's and get knocked out repeatedly or just wait and allow time to do its thing. Time is a factor!
yes i got it from this system, rarely without drawdown, but always managed to turn them into profits. apart from 3 trades one of them was a AN short.
actually the DD is very little considering that UC has already dropped, waiting tomorrow for BOC rates and then OPEC reunion to close the UC's.

Thanks again for the reminder.
"Letting losses run is the most serious mistake made by most investors."W.O
  • #9,529
  • May 23, 2017 2:17pm May 23, 2017 2:17pm
EN plus 375 pips AChf +100 pips EG - 377 pips EG was 600 pips in DD so hope it keeps going south. Agree with Davit on AN waiting for 4 hr candle to close to make a decision. Normally would have entered already but having been burnt a few times (actually more than a few with early entries) am practicing discipline.
  • #9,530
  • May 23, 2017 2:23pm May 23, 2017 2:23pm
Quoting liamseden
{quote} yes i got it from this system, rarely without drawdown, but always managed to turn them into profits. apart from 3 trades one of them was a AN short. actually the DD is very little considering that UC has already dropped, waiting tomorrow for BOC rates and then OPEC reunion to close the UC's. Thanks again for the reminder.
Liamseden,

As long as you not overtrading with good MM, would be fine.
  • #9,531
  • May 23, 2017 5:32pm May 23, 2017 5:32pm
Quoting liamseden
Hi everyone, great profits as always for our folks , so happy for you. I'm doing great too but nothing closed yet. DD on UC and EG, profit on EC and AC. EA started tis morning, it's looking great, let's see when PA tells me to take my profits. {image}

I have DD in EG. Looking for PA to add reload on a few and currently watching AU/AN/UCad. Its going to be a fun week. Yeah like most people have been saying MM is key. It took me a while to get use to calculating my SL in $ versus pips and figuring out how much I am comfortable spending in DD. Not that I'm great at keeping at it, but I'm more consistent and becoming more strict. Same goes for taking profits, making sure I'm taking what I can and not worrying if it I could've had more or not (that always bummed me out before).
  • #9,532
  • May 23, 2017 7:51pm May 23, 2017 7:51pm
Update
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  • #9,533
  • May 23, 2017 10:01pm May 23, 2017 10:01pm
Reloaded on EA after nice gain today. Triple dipping
As I suspected weekly pivot held up
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In trading, you have to be defensive and aggressive at the same time
  • #9,534
  • May 23, 2017 10:02pm May 23, 2017 10:02pm
Quoting fibo38
Update {image}
very nice
In trading, you have to be defensive and aggressive at the same time
  • #9,535
  • May 23, 2017 10:09pm May 23, 2017 10:09pm
UJ is at crossroads should it break WP most likely will reach 113 38R
I have been selling UJ on Every swing high.Love rangy pairs and UJ has been ranging for months
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In trading, you have to be defensive and aggressive at the same time
  • #9,536
  • Edited 10:26pm May 23, 2017 10:13pm | Edited 10:26pm
we should get a bounce at 100S on AN
started longs on this 4positions at 635 area.This is one pair even if it drops lower does not bother me I will just add more longs.
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In trading, you have to be defensive and aggressive at the same time
  • #9,537
  • May 23, 2017 11:13pm May 23, 2017 11:13pm
Quoting sniperdebt
{quote} EJ approaching WP at structure area,123.8xx previous res now become support. Today candle closed will be excited. UJ AB=CD completed on 4hr tf. Involved buying orders for UJ short term. Target 38s - 61s zone. Will see closely this pair development. {image} {image}
UJ update
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  • #9,538
  • May 23, 2017 11:36pm May 23, 2017 11:36pm
Quoting sniperdebt
{quote} UJ update {image}
impressive as usual
you need a biker chick
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #9,539
  • May 23, 2017 11:48pm May 23, 2017 11:48pm
Afternoon Davit,
You certainly come up with some great photos...I am O.K as I keep my Heart Tablets on my desk....Smile.
I agree with you re AN and waiting to buy.......ECad keeps hitting this 38 Barrier..
Keep the great evaluations coming mate.
Cheers,
Ronald
Quoting Davit
{quote} impressive as usual you need a biker chick {image}
Ronnie Renko
  • #9,540
  • May 23, 2017 11:54pm May 23, 2017 11:54pm
Quoting Davit
{quote} impressive as usual you need a biker chick {image}
Hopefully after BoC/OPEC meeting.
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