Some thoughts related to Fundamentals: The main reason I don't like Yen because its highly manipulated. As soon as it gets strong then Abe starts with his "new stimuli" or BOJ starts dumping it in millions and billions. In basic form Japan wants ...

Pivot Trading Journal

Some thoughts related to Fundamentals: Here is the thing about predictions. Logical person making forecasts usually has words like "may" "might" "probably" but idiots will post like Price will get to such number! You can immediately tell you are ...

Pivot Trading Journal

Some thoughts related to Fundamentals: Glenn Stevens must feel frustrated that even with a cut AUD is still too high. Lets also take account that Yen got very strong as well more frustration for Abe We live in environment right now that everyone ...

Pivot Trading Journal

Some thoughts related to Fundamentals: Closed my UC shorts at 38S. I may get in should it bounce tomorrow. All commodity pairs are overbought NU AU UC so I am anticipating corrections coming. image EG hit 100S Would love to see bounce up again to ...

Pivot Trading Journal

Some thoughts related to Daily Open Line: so what i understand we can deal with daily open line as R/S also or this is exception ? 3nx Daily open is S/R it creates a bias. It’s on my template for a reason. I always like to know DO and ADR distance ...

Pivot Trading Journal

Some thoughts related to Entries: Here is an example what not to do. NU up going up like nuts. Don't sell just because you think its high. Sell when PA starts showing signs of decline and TDI starts pointing down. Look everything up. To me this ...

Pivot Trading Journal

Some thoughts related to Entries: Davit, i think i get you. Are you saying that you would sell at e.g. U/C in this case, say a small lot at R38 after spotting rejection wicks, and betting on it going south, then adding to ur position if it does, but ...

Pivot Trading Journal

Some thoughts related to Entries: Hi Davit. May I ask as you trade swing. How do you set your SL. I posted about this. I don't set hard stops but do have % when in DD I get out. Stick with pairs that are less then 120 pip ADR. ON ME I took the idea ...

Pivot Trading Journal

Some thoughts related to Entries: Important dates on Aussie Tues August 2nd Rate decision and market anticipates a cut and should that happen your Aussie shorts will bring ton of $$. I am going to hold my AC shorts until then. NZD August 10th Weds ...

Pivot Trading Journal

Some thoughts related to Entries: I am not sure exactly what you are asking but I only open 1 chart at the time and look at them one by one marking notes on potential set ups like yellow boxes to alert me. Not difficult spotting. I basically look ...

Pivot Trading Journal

Some thoughts related to News: You did real well. Although you stayed during RBA minutes but I exited. It’s good that it went your way but could of spiked up in minutes wiping out your gains. I learned to stay away from major news events. I may get ...

Pivot Trading Journal

Some thoughts related to Stop Loss: Just keep in mind that PA must agree with your entry. When it works you can add more positions kind of beef up the position hence 2x 5x profit ratio. To me it’s not about how many pairs one trades but how well you ...

Pivot Trading Journal

Some thoughts related to Stop Loss: One way I share on this thread to overcome spikes and DD is to trade smaller lots hence leaving room for adjustment should it be necessary. I think of trading like going to a battle. You always want reserve troops ...

Pivot Trading Journal

Some thoughts related to trading psychology: What we call mistakes are actually valuable lessons for success. An important part of Psycho-Cybernetics is learning to use mistakes creatively and to remove the negative feelings that mistakes cause. ...

Pivot Trading Journal

I like to trade commodity pairs so it's wise to look at oil and gold too.

Pivot Trading Journal

I trade these pairs: Majors: EURUSD, USDJPY, GBPUSD, USDCAD, AUDUSD, NZDUSD, Euro Crosses: EURGBP, EURCAD, EURAUD Yen Crosses: CADJPY, AUDJPY, NZDJPY Other Crosses: AUDCAD, AUDNZD, NZDCAD So, for clarification: Majors: EURUSD, USDJPY, GBPUSD, ...

Pivot Trading Journal

I'm using MT5. So, I've developed collection of required indicators for MT5: Pivot, ADR, DailyOpenLine, MMPrice - Magnified Market Price and Pips. You can download them freely from my software development thread: MT5 Indicators and EAs

Pivot Trading Journal

OK. This journal is over. My pivot trading will continue in: Pivot Trading Journal

Trend & Momentum on Multiple TFs Journal

I've been posting my pivot trades to my old journal for two months and it was a little bit confusing. So, I've decided to open a new one. I don't want to mess up Davit's wonderful thread, so this is better solution.

Pivot Trading Journal