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Pivot Trading

  • #11,041
  • Jul 14, 2017 3:44am Jul 14, 2017 3:44am
Quoting dab
{quote} I don't see it. Maybe on AJ but EJ & UJ are 100+ pips off.
Rome was not built in a day....i just observed...time will show
  • #11,042
  • Jul 14, 2017 3:49am Jul 14, 2017 3:49am
Quoting fibo38
GU in progress {image}
thanks for news indicator
  • #11,043
  • Edited 4:30am Jul 14, 2017 3:56am | Edited 4:30am
Quoting sniperdebt
{quote} Possible "R" shoulder in development {image}
Patience indeed pays great job~
You waited a month or 2 for this break out but your harvest made it all worth while then one can't complain.Sometimes things take time...
Still holding all my EG shorts...
In trading, you have to be defensive and aggressive at the same time
  • #11,044
  • Jul 14, 2017 4:45am Jul 14, 2017 4:45am
Quoting Davit
{quote} Patience indeed pays great job~ You waited a month or 2 for this break out but your harvest made it all worth while then one can't complain.Sometimes things take time... Still holding all my EG shorts...
Similarly holding EG 11 positions 3 in profit 8 in dd holding since 15/5 AN going my way target 1.0725; Watching AU might go to R138.
  • #11,045
  • Jul 14, 2017 4:48am Jul 14, 2017 4:48am
Quoting Ibar51
{quote} Similarly holding EG 11 positions 3 in profit 8 in dd holding since 15/5 AN going my way target 1.0725; Watching AU might go to R138.
Very Nice buddy! AN should pay off but keep in mind it hit R100 and this being friday some correction might occure
In trading, you have to be defensive and aggressive at the same time
  • #11,046
  • Jul 14, 2017 4:59am Jul 14, 2017 4:59am
Quoting sniperdebt
{quote} #1st target gained. Waiting IH&S to complete in 4hr tf. {image}
Congrats sniper, always delivering.

CPI figure is important today, as Yellen highly stressed on inflation and related it to any hike rates decisions, it may sound exagerated but the market may strongly react to it. So good CPI numbers and we will see further drop in NU and a breakout on EU, will help USD bulls alot.
"Letting losses run is the most serious mistake made by most investors."W.O
  • #11,047
  • Jul 14, 2017 5:04am Jul 14, 2017 5:04am
Another possible ABCD development on AU.

Still holding EU,EJ,EA,EG,NU,UJ
Attached Image (click to enlarge)
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  • #11,048
  • Jul 14, 2017 5:19am Jul 14, 2017 5:19am
Quoting liamseden
{quote} Congrats sniper, always delivering. CPI figure is important today, as Yellen highly stressed on inflation and related it to any hike rates decisions, it may sound exagerated but the market may strongly react to it. So good CPI numbers and we will see further drop in NU and a breakout on EU, will help USD bulls alot.
agree it will be a mover.Difficulty is predicting where it moves. Slight red number maybe USD bullish so red does not mean negative USD automatic
In trading, you have to be defensive and aggressive at the same time
  • #11,049
  • Jul 14, 2017 5:43am Jul 14, 2017 5:43am
Quoting Davit
{quote} agree it will be a mover.Difficulty is predicting where it moves. Slight red number maybe USD bullish so red does not mean negative USD automatic
Closed my NU trade on a small loss, i don't feel comfortable trading USD lately.
"Letting losses run is the most serious mistake made by most investors."W.O
  • #11,050
  • Jul 14, 2017 7:12am Jul 14, 2017 7:12am
150 pips gains for GBP against USD, new highs (since Sept 2016).
EG looking very good specially on Weekly, already excited for the next week. But we must remain careful, things are heating up with ECB manipulations.
"Letting losses run is the most serious mistake made by most investors."W.O
  • #11,051
  • Jul 14, 2017 7:44am Jul 14, 2017 7:44am
AUD/USD 4hr
Friday. A few shorts on this.
Attached Image (click to enlarge)
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  • #11,052
  • Jul 14, 2017 9:52am Jul 14, 2017 9:52am
Great end to the week 12% up. Also EG is running nicely now..

Thanks Davit and everyone..

Have a good weekend all
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #11,053
  • Jul 14, 2017 12:21pm Jul 14, 2017 12:21pm
Quoting dab
{quote} I don't see it. Maybe on AJ but EJ & UJ are 100+ pips off.
i guess i should correct my self...all pairs except usdjpy....obviously
cadjpy was already in the wagon, so was eurjpy and chfjpy....those are waiting for the rest of the team...
  • #11,054
  • Jul 17, 2017 4:00am Jul 17, 2017 4:00am
Still watching AC
unlikely to break 99
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #11,055
  • Jul 17, 2017 4:00am Jul 17, 2017 4:00am
Quoting Kilometer
I love the Pivot_Voty indicator, but it doesn't allow me to use Daily, Weekly, Monthly pivots at the same time, it only lets me use 1 of them, is there are workaround for this? I tried to add another instance of the indicator to my chart, but that didn't seem to help, still shows either Daily, or Weekly, or Monthly. Any help is much appreciated
you are removed from here.
In trading, you have to be defensive and aggressive at the same time
  • #11,056
  • Edited 5:10am Jul 17, 2017 4:04am | Edited 5:10am
Still holding AU shorts.I don't see a reason to close.There will be corrections coming and may take a week.
I said AU unlikely to hit 78 but market can prove anyone wrong.I just accept it find better trades and move on.I made an error of judgment on fundamentals which usually I am good at it but should of seen red numbers on Friday coming....That's was my mistake.
usually people love you when you are winning all the time but that's not realistic.I hit my badges of losers but I stride on ahead allowing the system to do its thing.
In trading, you have to be defensive and aggressive at the same time
  • #11,057
  • Jul 17, 2017 8:16am Jul 17, 2017 8:16am
Quoting Davit
Still holding AU shorts.I don't see a reason to close.There will be corrections coming and may take a week. I said AU unlikely to hit 78 but market can prove anyone wrong.I just accept it find better trades and move on.I made an error of judgment on fundamentals which usually I am good at it but should of seen red numbers on Friday coming....That's was my mistake. usually people love you when you are winning all the time but that's not realistic.I hit my badges of losers but I stride on ahead allowing the system to do its thing.
I am also short AU as well and part of my thinking is that I could not see any fundamental driver to ensure that AU breaks last year's high 0.7841 in the short term, I may be wrong but I am prepared to take the hit if it goes the other way.

Davit, please what leading indicator could you have looked at that would have signaled the weak US data on Friday.

Thank you
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #11,058
  • Edited 10:29am Jul 17, 2017 8:37am | Edited 10:29am
Quoting Davit
Still holding AU shorts.I don't see a reason to close.There will be corrections coming and may take a week. I said AU unlikely to hit 78 but market can prove anyone wrong.I just accept it find better trades and move on.I made an error of judgment on fundamentals which usually I am good at it but should of seen red numbers on Friday coming....That's was my mistake. usually people love you when you are winning all the time but that's not realistic.I hit my badges of losers but I stride on ahead allowing the system to do its thing.
Same situation for me. Looking at last week's candle, AU did have a strong close.

All traders need to do is:

1 - Calculate levels with risk managment.
2 - Place orders.
3 - Be patient.
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  • #11,059
  • Jul 17, 2017 10:06am Jul 17, 2017 10:06am
EUR/AUD 4hr
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  • #11,060
  • Jul 17, 2017 10:27am Jul 17, 2017 10:27am
U/C
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