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Pivot Trading

Quoting solecrusader
{quote} Good entry. I am long UCHF, UJ, GC. Nice divergence building on CHFJPY. Time to wait and watch. {image}
Few easy pips to end the day. Quite a eventful day today.

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@shay14: The pivots gets refreshed every week. I have never backtested it, but shouldn't be a problem. Just give it a try
Quoting solecrusader
{quote} Few easy pips to end the day. Quite a eventful day today. {image} @shay14: The pivots gets refreshed every week. I have never backtested it, but shouldn't be a problem. Just give it a try
thanks

aha few pips, i'd be happy if i get that weekly !!

well done
Quoting shay14
{quote} thanks aha few pips, i'd be happy if i get that weekly !! well done
sure mate. Here is another example: divergence, bearish pinbar, pivots. There was good divergence building on EU, plus the rejection at R100 and the bearish pinbar just made the trade more clearer.

It cannot get simpler than this. There are hundreds of pips to be made everyday, you just needs to be patient and wait for the right opportunity. One really don't need indicators, but just a good understanding of PA combined with fundamental understanding about the market. People try to complicate trading when its not really.

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PA
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AUDNZD have a divergence too right now right already near R78? need watch more
Sell EC
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Closed GU Sell

Haven't seen Davit lately...
Maybe he's busy...
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
Im still holding this trades from yesterday AUDNZD.
What do you guys think? Should TP or keep building positions?

Cheers
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Quoting ch33sewiz
Im still holding this trades from yesterday AUDNZD. What do you guys think? Should TP or keep building positions? Cheers {image}
also holding a short, drawdown of 40 pips so far, it's been so stubborn, i really hope nfp sends it tanking.
Quoting ch33sewiz
Im still holding this trades from yesterday AUDNZD. What do you guys think? Should TP or keep building positions? Cheers {image}
Still Hold AN as well
DD -90pips, sit @ the corner to see the PA.
If price go higher... Cut Loss :-)
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
Quoting andy_l
{quote} Still Hold AN as well DD -90pips still waiting at the corner to see the PA. If price go higher... Cut Loss :-)
noticed,he's long on audnzd
GU NFP. Good weekend
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Quite a eventful beginning to September. I went long AN unlike a lot of people who are keen on shorting it just because it has reached RXXX. If you look weekly and monthly it shows strong bullish pattern. Higher TF's always shows the real trend. Fundamentally NZD dollar is taking a drubbing due to the weaker business confidence and the unstable political situation.
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Cheers
Quoting solecrusader
Quite a eventful beginning to September. I went long AN unlike a lot of people who are keen on shorting it just because it has reached RXXX. If you look weekly and monthly it shows strong bullish. Higher TF's always shows the real trend. Fundamentally NZD dollar is taking a drubbing due to the weaker business confidence and the unstable political situation. {image} {image} {image} {image} {image} {image} Cheers
Thank you for highlighting your thoughts and screenshots! Many gold nuggets
pbnjm"The worst lie you can ever tell is the one you tell yourself"
Quoting solecrusader
Quite a eventful beginning to September. I went long AN unlike a lot of people who are keen on shorting it just because it has reached RXXX. If you look weekly and monthly it shows strong bullish pattern. Higher TF's always shows the real trend. Fundamentally NZD dollar is taking a drubbing due to the weaker business confidence and the unstable political situation.
Excellent insights in this and your previous posts. Thanks SC.
Quoting solecrusader
Quite a eventful beginning to September. I went long AN unlike a lot of people who are keen on shorting it just because it has reached RXXX. If you look weekly and monthly it shows strong bullish pattern. Higher TF's always shows the real trend. Fundamentally NZD dollar is taking a drubbing due to the weaker business confidence and the unstable political situation. {image} {image} {image} {image} {image} {image} Cheers
Well done, yes I am one who has been shorting AUDNZD, based purely on levels rather than structure and fundamentals.
It will turn at some point but I have wasted time and tied up equity. Thanks for your input.
its all just one persons opinion....
Quoting solecrusader
Quite a eventful beginning to September. I went long AN unlike a lot of people who are keen on shorting it just because it has reached RXXX. If you look weekly and monthly it shows strong bullish pattern. Higher TF's always shows the real trend. Fundamentally NZD dollar is taking a drubbing due to the weaker business confidence and the unstable political situation. {image} {image} {image} {image} {image} {image} Cheers

I was one of the guys selling Audnzd, obviously ended up in a loss. I have still a lot to learn, I like the one hour chart, how do you determine trend structure on the higher H4 timeframe? do you use any moving averages?
Quoting shay14
{quote} I was one of the guys selling Audnzd, obviously ended up in a loss. I have still a lot to learn, I like the one hour chart, how do you determine trend structure on the higher H4 timeframe? do you use any moving averages?
Hi guys

There will be trades that simply fail.There is nothing to do then take the loss.Move on and do more what works.
I think starting from next week market will more or less become "normal"
Summer liquidity is thin hence why pushing things up or done to extremes is easier achieved as we have seen on Euro however its not easy when market is in full swing without solid fundamentals to back it up.

August ending up -1137
Some of the positions I had to liquidate.Not discouraged part of trading.Good luck
In trading, you have to be defensive and aggressive at the same time
Quoting Davit
{quote} Hi guys There will be trades that simply fail.There is nothing to do then take the loss.Move on and do more what works. I think starting from next week market will more or less become "normal" Summer liquidity is thin hence why pushing things up or done to extremes is easier achieved as we have seen on Euro however its not easy when market is in full swing without solid fundamentals to back it up. August ending up -1137 Some of the positions I had to liquidate.Not discouraged part of trading.Good luck

I think this is what separates people who can trade for a living and those that can't. Getting over the mindset of earning x dollars per day/week/month vs earning dollars with an edge over time. Never nice to "lose" money but trading is essentially a business with the cost of doing business being part of that. All the best for September to all here.
Quoting davidmaree
{quote} I think this is what separates people who can trade for a living and those that can't. Getting over the mindset of earning x dollars per day/week/month vs earning dollars with an edge over time. Never nice to "lose" money but trading is essentially a business with the cost of doing business being part of that. All the best for September to all here.
that's right, even businesses like Apple have losing periods. Just a part of the game.
UC ....Looks ready to shoot UP..UP & UP...
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Quoting jospin
UC ....Looks ready to shoot UP..UP & UP...
I'd be patient before taking this one mate. Canadian economy is really good right now and there is a real chance of interest rate increase by BOC this week. Anything can happen of course but beware of fundi's. Good trading to you.
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Hasang