Forex Factory (https://www.forexfactory.com/forum.php)
-   Trading Systems (https://www.forexfactory.com/forumdisplay.php?f=71)
-   -   Pivot Trading (https://www.forexfactory.com/showthread.php?t=588764)

meshka Jun 18, 2019 9:37am | Post# 31041

1 Attachment(s)
{quote} but one thing i can tell you 100% , if you use 10 pips sl then you dont need weekly pivots for trading. probably you know that already. price can move in wide range near those pivots and tight sl is just a slow death for balance. cheer up!
but as we already know price movement isnt unpredictable on these sensitive levels not 10 pips but 20-30 is pretty enough for 3R + trades there
Click to Enlarge

Name: iIZEXyd.png
Size: 114 KB

braintheboss Jun 18, 2019 9:40am | Post# 31042

{quote} yes if you have weekly/monthly targets.
I only search swings. Is not smart open a buy with a month candle below previous and without any wick. JPY pairs have a lot of traction of previous weeks. Pivots levels are references, not SR levels...

meshka Jun 18, 2019 10:03am | Post# 31043

1 Attachment(s)
Gold is turning - if it will not close above that blue line on Daily today.. it will be huge short. for me personally
Click to Enlarge

Name: T9n8Po6.png
Size: 206 KB

Husky77 Jun 18, 2019 10:14am | Post# 31044

{quote} but as we already know price movement isnt unpredictable on these sensitive levels not 10 pips but 20-30 is pretty enough for 3R + trades there {image}
say thx to trump clown twitter

denisius Jun 18, 2019 10:15am | Post# 31045

EA if that drop is not reversal, I donít know what is!!!

ForeverLearn Jun 18, 2019 10:15am | Post# 31046

{quote} but as we already know price movement isnt unpredictable on these sensitive levels not 10 pips but 20-30 is pretty enough for 3R + trades there {image}
I have loaded up shorts on Gold twice and bailed out as price seems to be dangling around pivot.Hopefully ,I will reload my shorts after FOMC if the Fed hold rates steady.

denisius Jun 18, 2019 10:33am | Post# 31047

Hold you positions ladyís and gentlemen!!!! G20 next Thursday! Can be epic roller coaster with U, J and A . I am holding all my A pairs. Not closing till I see strong rejection. Look at A unemployment, numbers released 2 times better but % didnít change, it will. Next release. Market need reason for everything to justify any moves. Patients! Believe in your strategy. It works despite any doubts! Good luck everyone. Have to work now!

Husky77 Jun 18, 2019 10:42am | Post# 31048

1 Attachment(s)
EA if that drop is not reversal, I donít know what is!!!
for EA usual adr is not that much but if you catch the move from above is very good short fast bucks. i didnt touch this one this days. now i am only looking to see a good spot for long.
Click to Enlarge

Name: 2019-06-18_1739.png
Size: 45 KB

denisius Jun 18, 2019 10:44am | Post# 31049

{quote} for EA usual adr is not that much but if you catch the move from above is very good short fast bucks. i didnt touch this one this days. now i am only looking to see a good spot for long. {image}
I have it for a week already. I didnít add more to it. And I am selling Euro in general. As soon as brexit clears G will go up and E will go down. They are delaying for a reason.

Husky77 Jun 18, 2019 10:50am | Post# 31050

{quote} I have it for a week already. I didnít add more to it. And I am selling Euro in general. As soon as brexit clears G will go up and E will go down. They are delaying for a reason.
Brexit is still on the blender ,will take some time till we will have fresh out of it,just look who may come to replace May,we will have a very nice circus on play still
but i agree on what you say.

tehtawar Jun 18, 2019 12:26pm | Post# 31051

1 Attachment(s)
Love EA
Click to Enlarge

Name: 0CC95098-5B58-4694-8A4D-02F63FD026D6.jpeg
Size: 437 KB

Swede Jun 18, 2019 2:31pm | Post# 31052

1 Attachment(s)
Love EA {image}
Nice work....tehtawar


But for me "Nervous market = nervous trade"r.....closed all EA way too soon.....grrrr
(ps....anyone still not convinced of pivots)
Click to Enlarge

Name: EURAUDH1 6 18.png
Size: 23 KB

tehtawar Jun 18, 2019 3:23pm | Post# 31053

{quote} Nice work....tehtawar But for me "Nervous market = nervous trade"r.....closed all EA way too soon.....grrrr (ps....anyone still not convinced of pivots) {image}
Thanks swede! Green pips

meshka Jun 18, 2019 4:29pm | Post# 31054

1 Attachment(s)
well yes that Daily candle looks obvious. Hope that thing tomorrow will not spoil it
Click to Enlarge

Name: F1ME1VD.png
Size: 183 KB

Davit Jun 18, 2019 7:42pm | Post# 31055

Hi guys
Nice corrections.Got lot going on personal life.My younger son fell asleep on a highway driving and crashed his car.Luckily he didn't kill anymore or himself.
He is ok injuries not serious.
Please dont comment on this but just wanted to share why I am absent from the thread.
Thank you

I think EA EN has lot more going south hence keeping my shorts.G20 meeting or by then should reach lower levels.

Davit Jun 18, 2019 7:47pm | Post# 31056

Hold you positions ladyís and gentlemen!!!! G20 next Thursday! Can be epic roller coaster with U, J and A . I am holding all my A pairs. Not closing till I see strong rejection. Look at A unemployment, numbers released 2 times better but % didnít change, it will. Next release. Market need reason for everything to justify any moves. Patients! Believe in your strategy. It works despite any doubts! Good luck everyone. Have to work now!
like your thinking

Romanov102 Jun 18, 2019 9:06pm | Post# 31057

And the market manipulation and shenanigans continues. Some stories to pay attention to.

https://markets.businessinsider.com/...9-6-1028288938

https://www.cnbc.com/2019/06/18/trum...t-he-does.html

https://www.cnbc.com/2019/06/18/trum...t-he-does.html

skippyone Jun 19, 2019 2:39am | Post# 31058

1 Attachment(s)
{quote} Nice work....tehtawar But for me "Nervous market = nervous trade"r.....closed all EA way too soon.....grrrr (ps....anyone still not convinced of pivots) {image}
This has and continues to be one of my major challenges - getting out too early. One thing that has helped me is drawing a fibonacci retracement and waiting for the pullback to see how strong it may be. I always keep a few soldiers in play and trail a stop down - that way i don't feel like i am missing out on the big move but also giving the market a chance to breathe. You can see from the first pullback to the 23.6 level was very weak and it also pulled back to the open. hope this helps.
Click to Enlarge

Name: EURAUD Fib Retracement 19062019.png
Size: 45 KB

Ced74 Jun 19, 2019 4:03am | Post# 31059

May I suggest that you use Davits Template.....Just a suggestion from another Aussie.
R




{quote} This has and continues to be one of my major challenges - getting out too early. One thing that has helped me is drawing a fibonacci retracement and waiting for the pullback to see how strong it may be. I always keep a few soldiers in play and trail a stop down - that way i don't feel like i am missing out on the big move but also giving the market a chance to breathe. You can see from the first pullback to the 23.6 level was very weak and it also pulled back to the open. hope this helps. {image}

Gmo Jun 19, 2019 4:50am | Post# 31060

FOMC
Articles well worth reading concerning today's Fed Announcements.
Be Aware!
http://www.bkassetmanagement.com/fea...rds-1-10_13236

https://www.investing.com/news/forex...cision-1901432


© Forex Factory