Pivot Trading

Quoting Swede

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{quote} yup, saw that also Oswell.....it fits the Cryptosurf method without a doubt....but im taking the causious approach because of what I see on the daily and weekly charts....if it breaks north there is nothing to stop it until R61...or if it is really moving all the way up to 1.2085 area....this is why I always have my daily and weekly charts on the side becuase after looking at 30 or more charts and flipping back and forth I could easisly enter a trade just on one criteria only to be stopped out because of an early entry.....BUT THAT IS JUST...

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Quoting Swede

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{quote} yup, saw that also Oswell.....it fits the Cryptosurf method without a doubt....but im taking the causious approach because of what I see on the daily and weekly charts....if it breaks north there is nothing to stop it until R61...or if it is really moving all the way up to 1.2085 area....this is why I always have my daily and weekly charts on the side becuase after looking at 30 or more charts and flipping back and forth I could easisly enter a trade just on one criteria only to be stopped out because of an early entry.....BUT THAT IS JUST...

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Quoting Swede

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{quote} Follow up....so Oswell as you can see it did break north and where did it stop?? Yup, right at R61....and reversed....so to those who waited or placed some beginning sell stops at R61 have some very nice profit this morning....( I didnt take it because I was fast asleep...darn) Now if you read carefully, Cryptosurf method also says if R38 is missed probably R61 is where the shorts should be instigated...makes sense now right? {image}

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Quoting Swede

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{quote} Follow up....so Oswell as you can see it did break north and where did it stop?? Yup, right at R61....and reversed....so to those who waited or placed some beginning sell stops at R61 have some very nice profit this morning....( I didnt take it because I was fast asleep...darn) Now if you read carefully, Cryptosurf method also says if R38 is missed probably R61 is where the shorts should be instigated...makes sense now right? {image}

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Quoting oswell

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{quote} Swede, Noted with thanks , I've started to combine Crypto and Swede method now the key level looks clear on Daily TF probably should put a few sell limit order on the key level , and start to build more position if its going to the right direction . Green Pips, Oswell

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Quoting oswell

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{quote} Swede, Noted with thanks , I've started to combine Crypto and Swede method now the key level looks clear on Daily TF probably should put a few sell limit order on the key level , and start to build more position if its going to the right direction . Green Pips, Oswell

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Quoting DrForexMD

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Hi Friends, Despite good Crude Red News, the WTICrude is dropping price and the expected CAD losing value with UC which rlationsip should have been opposite ! I am guess that both have hit resistances with the former at R61 and latter at R61- R38 Pivot locations are key with Oil taken precedence over UC and MM control as usual: {image} {image} {image} Could it be that China CNY possitive Red News Loans positive sentiment for their overall economy ? The latest China starting to invest in Soy beans once again due to the coming Sino-American meeting...

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Quoting Cryptosurf

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Carry trade in effect across all yen pairs. {image} {image}

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Quoting ranilo.vince

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{quote} Nice catch on Gold bro! I wonder what would be your exit here? Coz I also have same trade... {image} Will you base it on Weekly chart or just plain R38 will do?

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Quoting Swede

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Not much on the horizon to move NZD but looking at the weekly and daily there is lots of room south...guess we will see....the one thing that bothers me is the fact "TIME = RISK" I may close this during Asia..we will see. On the other hand GBP once again delivered all week long....that R38 level held and held and held, with nothing in the way of news to move it north...until this morning of course....will hold off on any more shorts until today's news is digested ....but I would not be surprized to see more downward on GBP in the days ahead.......

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Quoting Swede

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Not much on the horizon to move NZD but looking at the weekly and daily there is lots of room south...guess we will see....the one thing that bothers me is the fact "TIME = RISK" I may close this during Asia..we will see. {image} {image}

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