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Pivot Trading

  • #10,041
  • Edited 7:26am Jun 13, 2017 6:59am | Edited 7:26am
NC on profits
Closed 1/4 of the trade total (+270 pips), monitoring the remaining ones following PA.
CAD is bullish and apparently BOC wants it even more strong.


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"Letting losses run is the most serious mistake made by most investors."W.O
  • #10,042
  • Jun 13, 2017 7:16am Jun 13, 2017 7:16am
Quoting liamseden
NC on profits Closed 1/4 of the trade total (+270 pips), monitoring the remaining ones following PA. CAD is bullish and apparently BOC wants it even more strong. {image}
Good Job
I am holding all to 94

Here is a situation where we have a fundemetal shift BOC signalling possible rate hike and interestingly we had this discussion how identify a trend.Most identify after the fact but best when you can ride it from the top. I think NC is trending lower and IMO will continue.
In trading, you have to be defensive and aggressive at the same time
  • #10,043
  • Jun 13, 2017 7:30am Jun 13, 2017 7:30am
I am a huge moto head so as Jay Leno who has a nice collection of bikes specially Ducatis
here is a review from his garage
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #10,044
  • Jun 13, 2017 7:49am Jun 13, 2017 7:49am
With the the probability of a rate hike diminishing, I hope to exit my USD pairs trade before tomorrow especially NZDUSD, with expectation to sell at a higher level as it might spike higher.

Can someone tell AUDNZD to wake up and move higher
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #10,045
  • Jun 13, 2017 7:53am Jun 13, 2017 7:53am
Great looking garage with all the cars and bikes.
R
Ronnie Renko
  • #10,046
  • Jun 13, 2017 8:22am Jun 13, 2017 8:22am
AlexC , love your quote at the bottom of your page !!!!

Regards ,

GE
"Define the risk OUT of your trade"--Mark Douglas
  • #10,047
  • Jun 13, 2017 1:12pm Jun 13, 2017 1:12pm
Closing EC, I am in this one exactly for 26 days now.
Keeping 2 positions, just in case the gap gets closed in the following weeks...
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buying tops / selling bottoms
  • #10,048
  • Jun 13, 2017 1:21pm Jun 13, 2017 1:21pm
Quoting voty
Closing EC, I am in this one exactly for 26 days now. Keeping 2 positions, just in case the gap gets closed in the following weeks... {image}
great job
In trading, you have to be defensive and aggressive at the same time
  • #10,049
  • Jun 13, 2017 3:27pm Jun 13, 2017 3:27pm
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  • #10,050
  • Jun 13, 2017 4:36pm Jun 13, 2017 4:36pm
Tomorrow should be a very , very interesting day. Will we see a blazing return to [email protected] or will it occur within the next 7 to 14 days.

Multitude of positions , LONG with TP @ 1.3400

"Anything can happen"

"Every moment in the market is unique"

I feel comfortable with the positions I have taken.

"green pips to all"

GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #10,051
  • Jun 13, 2017 5:31pm Jun 13, 2017 5:31pm
Quoting GreenEarth
Tomorrow should be a very , very interesting day. Will we see a blazing return to [email protected] or will it occur within the next 7 to 14 days. Multitude of positions , LONG with TP @ 1.3400 "Anything can happen" "Every moment in the market is unique" I feel comfortable with the positions I have taken. "green pips to all" GreenEarth
Not trying to dissuade you from positions you already committed but aren't you sort of gambling?
Lets assume there is good probability rates stay the same and USD continues to fall and when that happens you can be sure moves will be fast and before you have a chance to get out you could be in deep hole.And if you set your SL too close you can bet spikes that often occur on important days like tomorrow will take you out even if after price goes in your intended direction.
Best course of action is no action wait for results then we can attack the new opportunities after.
cheers
.
In trading, you have to be defensive and aggressive at the same time
  • #10,052
  • Jun 13, 2017 7:00pm Jun 13, 2017 7:00pm
Davit , I must admit that I entered this trade too early based on the possibility of the "perfect storm" happening tomorrow. No question.
Should have exercised more patience , my entries could have been better , and/or should have stood aside completely.
My positions are small and at various levels , I can survive a spike quite easily , DUE TO THE EDUCATORS ON THIS THREAD THAT HAVE HELPED ME TO CHANGE THE WAY I TRADE , thank you to all of you.
Technically , price point held at this level recently on the daily chart. Used that as a probability reference.
Fundamentally , oil is not influencing this pair as of late , market glut.
Well experienced friends in the Banking Industry here in Canada feel that Gov. Wilkins remarks with regard to a rate hike this year in Canada were irresponsible.( Just an opinion.) Canada cannot handle a 25 basis point hike at all ,thanks to PM Trudeau's massive balloon in deficit spending , and the BOC knows it. Average Canadian citizen is only $250.00 per month away from bankruptcy. My friends feel that the BOC is "posturing" , hoping to help the exporters , and feel that 1.35-1.36 will be the sustained average range through the rest of this year.
Thus , the main basis of my probability perspective fundamentally.
Next time , I will definitely be more patient , and allow the market to "settle down" , as it always seems to do.

Thank you for the constructive observation , I sincerely appreciate it. Tomorrow will definitely be interesting.

I hope everyone has a great day tomorrow , filled with green pips
Sincerely ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #10,053
  • Jun 13, 2017 7:31pm Jun 13, 2017 7:31pm
Quoting GreenEarth
Davit , I must admit that I entered this trade too early based on the possibility of the "perfect storm" happening tomorrow. No question. Should have exercised more patience , my entries could have been better , and/or should have stood aside completely. My positions are small and at various levels , I can survive a spike quite easily , DUE TO THE EDUCATORS ON THIS THREAD THAT HAVE HELPED ME TO CHANGE THE WAY I TRADE , thank you to all of you. Technically , price point held at this level recently on the daily chart. Used that as a probability reference....
Good luck my friend we'll see how things unfold.
In trading, you have to be defensive and aggressive at the same time
  • #10,054
  • Jun 13, 2017 9:43pm Jun 13, 2017 9:43pm
Quoting Davit
I am a huge moto head so as Jay Leno who has a nice collection of bikes specially Ducatis here is a review from his garage https://www.youtube.com/watch?v=pzImL9zR14A
Great Video Davit, sold my Yamaha 600cc back in Dec looking for a BMW or Ducati commuting bike, definitely the Scrambler is in my short list now.

Big NIght ahead ...Oil rejecting Pivot point. (will post pic later) (I'm at work).

Green Pips to all.
  • #10,055
  • Jun 14, 2017 3:24am Jun 14, 2017 3:24am
Hi Davit & Fellow Pivoters,
I'm glad I read through all the post from Page 1 to Page 503. Honestly many questions are answered along the way. Totally worth it. Also I sneaked some hours at night to watch Mark's 4 video series. It is a gem. I learn one thing that has been killing my trade all these past 4 years I'm in forex. It doesn't occurs to me earlier but after observing and studying the trades made by the successful Pivoters it is crystal clear to me. Also I am proud to say I had a copy of Marks' Trading in Zone in my Kindle, join this forum finally put what he wrote into perspective with solid proof. Wish, you all a great day and green pips. For the new comers, start from page 1. Don't skip

My ipad painting of city I live in. Arjun would have recognize if he still active.
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  • #10,056
  • Jun 14, 2017 4:21am Jun 14, 2017 4:21am
Anyone else on AC?

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  • #10,057
  • Jun 14, 2017 6:07am Jun 14, 2017 6:07am
Waiting for it, But really want it!
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"Not all those who wander are lost." - Tolken
  • #10,058
  • Jun 14, 2017 6:19am Jun 14, 2017 6:19am
Quoting OpenRoads
Waiting for it, But really want it! {image}

209% ADR, Major Pivot, Near 6 month highs, I am starting my short positions.
"Not all those who wander are lost." - Tolken
  • #10,059
  • Jun 14, 2017 6:53am Jun 14, 2017 6:53am
Quoting fractalus
Anyone else on AC? {image}
It didn't his my target before it jumped, so I just missed it. Lame. gluck to you!
  • #10,060
  • Jun 14, 2017 6:54am Jun 14, 2017 6:54am
Quoting OpenRoads
{quote} 209% ADR, Major Pivot, Near 6 month highs, I am starting my short positions.
It hit a few of my targets, so I have already started building some shorts.
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