That’s a great story, and well done on the trades!

Pivot Trading

Im watching this one as well for a R38-61 failure.

Journey to Consistent Profits using my 3 Adopted Systems

Good to hear from you bud!

Pivot Trading

I wouldn't consider that a late week markup at R38. Price needs to be at the outer S/R levels. It was more like a midweek markdown if anything. However that midweek rally may be short lived. See examples: image image

Pivot Trading

Yep, if you look at the monthly and fib the latest swing low it topped out near the 618. image

Journey to Consistent Profits using my 3 Adopted Systems

See attached

Journey to Consistent Profits using my 3 Adopted Systems

My TP was weekly pivot so im out already. Gold has been on a ripper but that may be over. Weekly candles look weak, daily's are forming a possible H&S. image

Pivot Trading

I tend to do the same as well. NU could very well test the previous low. Current weekly candle looks a bit shakey. Its on my watch for next week. image

Journey to Consistent Profits using my 3 Adopted Systems

Carry trade in effect across all yen pairs. image image

Pivot Trading

Just bear in mind that you may also be in a counter trend position from the larger TF direction. If that's the case then set profit targets as momentum could turn back.

Pivot Trading

Yes the general area looking for swing failures after a late week markup is the 38-61 area. If it goes beyond that then I’ll generally take a pass on it. EJ printed a thrust candle on the 4H and so far painting a pinbar on the daily. It’s currently ...

Pivot Trading

I agree. A pretty nice suite of tools. Checking out the ADR tool.

tuxTrader's Tools

I do think it is a factor. Trading the weekly pivots is basically trading the weekly range, swing failure/mean reversion. However price may not return to mean and just continue on its current trend direction. Much like it did for several weeks with ...

Journey to Consistent Profits using my 3 Adopted Systems

Im primarily looking for swing failures/mean reversions. From experience at looking at PA (on W D and 4H) what can happen is typically one of three things. A) Pattern failure on news release B) Pattern failure with price continuation C) Pattern ...

Journey to Consistent Profits using my 3 Adopted Systems

I agree with your sentiments on small lots. As a rule I’ll usually limit myself to around 5 max per pair. Never trade more then 50% margin and only trade using 25% total of total account balance. And yes patience is the most important aspect.

Journey to Consistent Profits using my 3 Adopted Systems

Thanks for the mention (and the sudden flood of messages ). The "low hanging fruit" is essentially a swing failure from a previous late week markup/markdown. If price is extended late into the previous week then I look for 38-61 ...

Journey to Consistent Profits using my 3 Adopted Systems

Yep, is a textbook trade I look for. Well done.

Pivot Trading

TBH this one caught me off guard. Wasn’t expecting that much strength for a reversal.

Pivot Trading

More like Brexit shenanigans as MP’s return this week.

Pivot Trading

Agreed, I’m watching those as well.

Pivot Trading