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Pivot Trading

  • #33,561
  • Jan 5, 2020 4:53pm Jan 5, 2020 4:53pm
Wow as expected UJ opened with gap down.Glad stayed away from this irrational beast.
Guys watch J crosses for buy possibility with +swap.Only way to trade J pairs with + otherwise you are going to be squeezed hard on swap.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #33,562
  • Jan 5, 2020 4:54pm Jan 5, 2020 4:54pm
Quoting Romanov102
{quote} It's interesting between different websites where the news events are featuring different levels of importance, different estimated numbers, and even different numbers when they come out. An interesting example was last week was on Wednesday FF had US ISM manufacturing marked as a RED flag event consensus 48.1 and a RED miss @47.2. myfxbook had Markit Manufacturing PMI coming out 15 minutes earlier and marked as an AMBER event consensus 52.5 and a miss @ 52.4. The question is which data are we supposed to believe. One thing I like about...
I dont have the answer use what you think works best for you.I do like big brokers sites.
AJ CJ NJ all diving down now WATCH THEM!
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In trading, you have to be defensive and aggressive at the same time
  • #33,563
  • Jan 5, 2020 5:19pm Jan 5, 2020 5:19pm
Loaded up EC long 45
I like this price and based everything I studied on Calendar. If you follow me consider I can be wrong as well its all probabilities so you own your trades.
Last Friday I went long 4465 got out 4512 I think.Closed avoided the swap reloaded my trades now again.Can we see 4550-60 YES ! Good probability

Guys who know me here know I follow swings until it breaks in most cases.
In trading, you have to be defensive and aggressive at the same time
  • #33,564
  • Jan 5, 2020 6:03pm Jan 5, 2020 6:03pm
Folks, just loaded AC long.

All AUD pairs are in rise, one possible reason: GOLD ! Nothing but clear sky ahead of it... Ironically GOLD has acted as "safe haven" numerous times, and it usually moves AUD with it; but AUD itself can act the opposite in a risk-off environment. This time (US-Iran conflict) GOLD seems to be the winner ...
  • #33,565
  • Jan 5, 2020 6:07pm Jan 5, 2020 6:07pm
Quoting Romanov102
{quote} It's interesting between different websites where the news events are featuring rent levels of importadiffence, different estimated numbers, and even different numbers when they come out. An interesting example was last week was on Wednesday FF had US ISM manufacturing marked as a RED flag event consensus 48.1 and a RED miss @47.2. myfxbook had Markit Manufacturing PMI coming out 15 minutes earlier and marked as an AMBER event consensus 52.5 and a miss @ 52.4. The question is which data are we supposed to believe. One thing I like about...
different levels of importance
The different levels of importance are according to what each of them understands or interprect what kind of news or speculation is moving the currency.
Could be the combinations of 4:
Ecnomic data
Politics
Central bank policy
or
Risk Sentiment


different estimated numbers,

the estimate, depends on what institute is making the poll. usually they use reuters Poll, but sometimes there are some others,.

even different numbers when they come out
This is hard to happen. what happens are rounding or approximation but it is possible to know where the exact numbers are

An interesting example last week was on Wednesday FF had US ISM manufacturing marked as a RED flag event consensus 48.1 and a RED miss @47.2.

to be red, numbers must be below the minimum, not below the estimate and depends which institute they are refering to.
to be green numbers must be above the maximum, not just above the estimate and depends which institute they are refering to.
the exact number is in the press realease
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  • #33,566
  • Jan 5, 2020 8:04pm Jan 5, 2020 8:04pm
Quoting Gmo
{quote} Kathy Lien & Boris Schlossberg http://www.bkassetmanagement.com/ Investing.com https://www.investing.com/news/econo...s-week-2052513
excellent commentary, woman knows what she's talking about.
Capital preservation, live to trade another day
  • #33,567
  • Jan 5, 2020 9:13pm Jan 5, 2020 9:13pm
EG Bat on H1
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #33,568
  • Edited 1:46pm Jan 6, 2020 1:40am | Edited 1:46pm
long CJ. my target is the maximum of last day 83.65


target was reached, despite I closed earlier
  • #33,569
  • Jan 6, 2020 2:53am Jan 6, 2020 2:53am
Quoting finally-2020
Folks, just loaded AC long. All AUD pairs are in rise, one possible reason: GOLD ! Nothing but clear sky ahead of it... Ironically GOLD has acted as "safe haven" numerous times, and it usually moves AUD with it; but AUD itself can act the opposite in a risk-off environment. This time (US-Iran conflict) GOLD seems to be the winner ...
I'd rather wait for 61/78 level as Davit's pivot rules say...
Mind is the King
  • #33,570
  • Jan 6, 2020 3:14am Jan 6, 2020 3:14am
Quoting ppxdf
long CJ. my target is the maximum of last day 83.65
It looks like UJ wants to dive to 107.15ish....
Mind is the King
  • #33,571
  • Jan 6, 2020 4:11am Jan 6, 2020 4:11am
Quoting MikiMax
{quote} I'd rather wait for 61/78 level as Davit's pivot rules say...

Thank you, good point. I'd add to the the position in case it goes that way; but I should watch WTI and Wednesday PMI to make a better decision. For now, I like the look of it; heading north
  • #33,572
  • Edited 5:04am Jan 6, 2020 4:46am | Edited 5:04am
Quoting MikiMax
{quote} It looks like UJ wants to dive to 107.15ish....
probably.
what about UC ?
if go to 1.2841, CJ go to ADR high 83.438

i have some pips if UC go to adr low 1.2936 and UJ to S38 107.83. who know?

107.15 / 1.2841 = 83.438
  • #33,573
  • Jan 6, 2020 5:01am Jan 6, 2020 5:01am
UPdate on EC
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #33,574
  • Jan 6, 2020 5:03am Jan 6, 2020 5:03am
Quoting ppxdf
{quote} probably. what about UC ? if go to 1.2841, CJ go to ADR high 83.438 ps 107.15 / 1.2841 = 83.438
There's a high chance that USD will rise against CAD, at least for now...
Mind is the King
  • #33,575
  • Edited 5:19am Jan 6, 2020 5:07am | Edited 5:19am
What is not reported by main stream media specially liberal lefties ABC CNN MSNBC etc that killing of Soleimani was celebrated by Iranian people.Vast majority of Iranians want freedom and end of mullah regime and Soleimani was spreading terrorism and resources in Syria Iraq Lebanon Yemen while ordinary Iranians were struggling to survive. There are footages of secretly Iranians dancing and rejoicing in their homes.
When you see thousands beating their chests on TV "death to America" is not the real Iran.Trump is very popular among ordinary Iranians!They finally see a US president with balls and maybe light end of the tunnel to free nation

To give perspective liberal media were pretty much silent and in agreement with Obama when he bombed and destroyed Libya killing thousands turning that country into human trafficking, terrorism hub, massive destability and civil war still raging.
Ask Libyans how they feel about Obama!!!!!!! The irony of it all Obama won noble peace award

The more I watch the cries of lefties about killing of terrorist mastermind the more I feel disgusted.
In trading, you have to be defensive and aggressive at the same time
  • #33,576
  • Jan 6, 2020 5:50am Jan 6, 2020 5:50am
Quoting Davit
Wow as expected UJ opened with gap down.Glad stayed away from this irrational beast. Guys watch J crosses for buy possibility with +swap.Only way to trade J pairs with + otherwise you are going to be squeezed hard on swap. {image}
glad i listened remember i was tempted to jump in.
Capital preservation, live to trade another day
  • #33,577
  • Jan 6, 2020 5:58am Jan 6, 2020 5:58am
Quoting Gmo
AUDNZD Picking away at AN over the past 4 weeks. I learned from a Master, Bill Williams, in the early 2000's to look at Close Prices on H4, D1 and W1. My trades although light, have been picking away at R38, S38 but closely looking at Daily Open (NY) and London Open. Refer to my earlier Posts on their importance. Image 1 AUDNZD H4 Candle Chart Image 2 AUDNZD H4 Line Chart - Close Price Have we got a significant Descending Triangle? Will there be a thrust down after AUD News this week?? Image 3 AUDNZD Trade Summary over 4 weeks {image} {image} {image}...
AUDNZD
Progress! Now will it thrust down further???
Attached Image (click to enlarge)
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  • #33,578
  • Jan 6, 2020 8:24am Jan 6, 2020 8:24am
Quoting finally-2020
Folks, just loaded AC long. All AUD pairs are in rise, one possible reason: GOLD ! Nothing but clear sky ahead of it... Ironically GOLD has acted as "safe haven" numerous times, and it usually moves AUD with it; but AUD itself can act the opposite in a risk-off environment. This time (US-Iran conflict) GOLD seems to be the winner ...
Quite normal for the AUD to go up since Australia is the second biggest gold producer behind China.
  • #33,579
  • Jan 6, 2020 9:02am Jan 6, 2020 9:02am
classic lost steam on 100% ADR+ nice resistance on daily opens
Attached Image (click to enlarge)
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Mind is the King
  • #33,580
  • Jan 6, 2020 9:07am Jan 6, 2020 9:07am
Quoting MikiMax
classic lost steam on 100% ADR+ nice resistance on daily opens {image}
EU right? Yeah that was a textbook swing failure.
Trade with confidence, trade without fear.
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