UJ short - See a pattern emerging from my last 2 posts! image Very small position as USD bulls gained some strength from last nights Fed minutes. Nice thing about small positions, is that you can let a trade play out to see if thoughts around the ...

Pivot Trading

Similar set up with AJ as with ECHF image Multiple rejection of the 79 level Trade entry between R38 and R61 first target - current WP second target - previous weeks missed WP There are couple of ways to trade this. Take profits on the first exit ...

Pivot Trading

Just wanted to give a quick update on ECHF this week. It also highlights the importance of price action in relation to the pivot zones. Sometimes you just have to apply the logic of what price is doing in relation to past Support and resistance, in ...

Pivot Trading

Given these are essential viewing for all 'pivoteers' - try a search on Mark Douglas - How to think like a Professional Trader. There are four parts / videos I watched the videos under the old 'Trading in the zone' title and they are the same.

Pivot Trading

EA long at S61. Currently +80 pips in small position. image

Pivot Trading

Nice trading Blackopal. Similarly short UC - took +300 pips profit as began to retrace and still have +450 pips currently in the trade Also short AU - which took a nice move lower overnight Short AC - took +100 pips profit and now have a smaller ...

Pivot Trading

Agree with Davit on the WP at 0940. You could also check your charts for the missed WP last week at 0885 and set a staggered exit - a batch at 0940 and the remaining batch at 8885. Generally with ranging pairs like ECHF, missed pivots don't stay ...

Pivot Trading

With you on UC - currently +750 pips on the trade. Looks like we're getting a little pull back, but this should be a strong daily close lower for UC and would anticipate some continuation.

Pivot Trading

Hi Davit. Appreciate the care and focus you put into this thread. You don't need to apologize. You can't predict a Black Swan event. By the very nature of probability, they are the rarest of events, but unfortunately the most volatile. I cut some of ...

Pivot Trading

Don't usually trade EJ, but this chart illustrates the power of pivots in ranging markets. image There have been some pretty wild swings in EJ and as a result there have been 2 missed pivots in the last 6 weeks. Each time price has moved to around ...

Pivot Trading

Closed out all ACHF positions for a final leg of +98 pips. Over +600 pips in the trade in total. Price is hovering around the 61.8 fib reversal of the last up wave. We may get a bounce from here before a move lower. I don't know where price will go ...

Pivot Trading

Closed another +235 pips in ACHF. Last leg remaining at +100 pips - exit target at S38 image Closed all AU shorts at S61. +300 pips in AU this week. image

Pivot Trading

Closed ACHF in part for +300 pips (From R61 to weekly pivot). Still have+285 pips in the trade. Small additional position in AU +50 pips currently. image

Pivot Trading

Inside bar on 4hr EG and rejection of R138 - EG currently at 78% ADR AU trying to push through 7600 - currently at 74% ADR ACHF approaching weekly pivot - currently at 80% ADR I find using ADR helps in assessing my exit points in a trade. For ...

Pivot Trading

image The chart above is a 4hr overview and demonstrates the beauty of this method - entry and exit targets are clearly defined and the trade can be managed with these in mind. Will the targets be achieved - I don't know, but in terms of ...

Pivot Trading

Top / bottom hunting is a tough ask and not recommended. Speaking as a Brit, the issue with Brexit and hence sterling, is purely uncertainty. The fundamentals of the UK are in tact, however in the very short term we have huge uncertainty. The vote ...

Pivot Trading

Big move yes - but price moves in waves and this current up move will have a corrective wave. Key to emotionless / fearless trading is position sizing and working with the probabilities. I'm short EG between R78 and R138. These are decent levels to ...

Pivot Trading

R138 on EG - without taking a breath. In drawdown on this pair - but will stick with plan. This pair is very overstretched on most timeframes - but Draghi has stirred some life back into the Euro so have to be patient. There will be a corrective ...

Pivot Trading

Short ACHF between R61 and R78. Early days, but initial targets of WP and the missed WP from two weeks ago.

Pivot Trading

Completely agree. I'd also add that everyone has to find their own trading style - that suit's their personality and approach to trading. Personally, I love the fact that pivots are fixed 'lines in the sand'. They provide a focus for reading price ...

Pivot Trading