Pivot Trading | Page 621 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Open Trade near Pivot line (Pivot Point) 16 replies

Weekly Pivot to Pivot Trading 19 replies

The Pivot Net Revisited (Weekly Pivot Net) 41 replies

Help with daily pivot, weekly pivot on MT4 3 replies

Pivot high - Pivot low MT4 3 replies

Attachments: Pivot Trading
Exit Attachments

Pivot Trading

  • #12,401
  • Oct 30, 2017 3:30am Oct 30, 2017 3:30am
Quoting vickym
UC looks interesting Daily {image} Hourly - look at the support last week, right at this week's pivot. I will look to buy some in this zone {image}
some additional confluence
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDAILY.png Size: 66 KB
  • #12,402
  • Oct 30, 2017 8:02am Oct 30, 2017 8:02am
GM guys
BOE expectation is raising IR to .5 and as usual moves start earlier hence why EG and G pairs are gaining
Don't try selling G pairs should this occur market could blast up on the pound.Wait until dust settles and look for opportunities

Still short on UJ long on NU and short on AN
In trading, you have to be defensive and aggressive at the same time
  • #12,403
  • Oct 30, 2017 8:11am Oct 30, 2017 8:11am
Putting up interest rates in the UK 2 months before Xmas would be a bold move..
  • #12,404
  • Oct 30, 2017 8:20am Oct 30, 2017 8:20am
Quoting FXClarity
Putting up interest rates in the UK 2 months before Xmas would be a bold move..
Inflation seems to be heating up in UK, mostly because of weaker pound that makes what you import more expensive.
An IR increase would solve both.
  • #12,405
  • Oct 30, 2017 8:21am Oct 30, 2017 8:21am
Quoting FXClarity
Putting up interest rates in the UK 2 months before Xmas would be a bold move..
Not when risk is lot further devaluation of the pound which has lot more ramifications besides we are talking .25 going back to "normal" .5
Some argue .25 cut was not necessary to begin with.
In trading, you have to be defensive and aggressive at the same time
  • #12,406
  • Oct 30, 2017 8:21am Oct 30, 2017 8:21am
Public holiday in Germany tomorrow.
Thin market.
Beware.
  • #12,407
  • Oct 30, 2017 8:27am Oct 30, 2017 8:27am
Quoting Davit
GM guys BOE expectation is raising IR to .5 and as usual moves start earlier hence why EG and G pairs are gaining Don't try selling G pairs should this occur market could blast up on the pound.Wait until dust settles and look for opportunities Still short on UJ long on NU and short on AN
Davit: To be short UJ, are you expecting a more hawkish BOJ, or tax reform in the US to falter, or both?

Thanks for your input.
  • #12,408
  • Oct 30, 2017 8:27am Oct 30, 2017 8:27am
Decided to short AC after price failing to break the range.In my trading style RANGE is good!Funny how different it is with trend traders when they see range they grab their balls and squuze
Overall AUD weak latest data created negative sentiment on AUD compare to CAD so probability in my view is testing lower levels
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADH1.png Size: 34 KB
In trading, you have to be defensive and aggressive at the same time
  • #12,409
  • Oct 30, 2017 8:31am Oct 30, 2017 8:31am
Quoting Davit
Decided to short AC after price failing to break the range.In my trading style RANGE is good!Funny how different it is with trend traders when they see range they grab their balls and squuze {image}
Ranging pairs such as commodity-based AC are great for bilateral grids (where you buy and sell at the same time). This works as long as there is reversion to the mean, you use prudent MM, and no martingales (of course!).
  • #12,410
  • Oct 30, 2017 8:33am Oct 30, 2017 8:33am
Quoting Davit
{quote} Not when risk is lot further devaluation of the pound which has lot more ramifications besides we are talking .25 going back to "normal" .5 Some argue .25 cut was not necessary to begin with.
Interest rate rise is long overdue...and I’m a UK resident...fortunately with a property that’s paid for.

I’d be suprised if they did it now rather than Q1 but if they do I’ll merely build into further GBP shorts against the AUD and enjoy greater profits
  • #12,411
  • Oct 30, 2017 8:40am Oct 30, 2017 8:40am
Quoting pgr45za
{quote} Davit: To be short UJ, are you expecting a more hawkish BOJ, or tax reform in the US to falter, or both? Thanks for your input.
UJ has a mind of its own.Its very rangy.Market already knows BOJ is still printing so there is no surprise there and any positive news on Japan economy or Nikkei decline fuels the Yen.
Its also most manipulated pair in Forex with sharp drops or spikes.In my view we are going back to 110
Tax reform may not pass.If that happens I think nagative sentiment will build up on USD despite what Feds might say and Trump likes lower IR and Yellen is out soon.Lot can change
In trading, you have to be defensive and aggressive at the same time
  • #12,412
  • Edited 10:08am Oct 30, 2017 8:41am | Edited 10:08am
IMHO, EU still bearish per TDI off weekly 0% Pivot or Fib 50%. Probably as a result of Spanish politics :

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15-oanda-division1.png Size: 74 KB
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #12,413
  • Oct 30, 2017 8:46am Oct 30, 2017 8:46am
From a Reward/Risk perspective, the pair I like the most now is NU long.

1) Bullish harmonic patterns on H1 and H4 (per ZUP).

2) PA seems to indicate it's in a process of bottoming out.

3) Monthly pivot support at 138 (I know, we focus here on weekly pivots - just pointing that this adds confluence)

4) Bounced off last week's WS78.
  • #12,414
  • Oct 30, 2017 8:49am Oct 30, 2017 8:49am
Quoting pgr45za
From a Reward/Risk perspective, the pair I like the most now is NU long. 1) Bullish harmonic patterns on H1 and H4 (per ZUP). 2) PA seems to indicate it's in a process of bottoming out. 3) Monthly pivot support at 138 (I know, we focus here on weekly pivots - just points this added confluence) 4) Bounced off last week's WS78.
very little risk now on downside in my view election result is priced in and consumed
In trading, you have to be defensive and aggressive at the same time
  • #12,415
  • Oct 30, 2017 8:50am Oct 30, 2017 8:50am
Quoting Davit
{quote} very little risk now on downside in my view election result is priced in and consumed
The only problem may be fundamentals: the new labor government is pressuring the NZ central bank to be much more dovish.
  • #12,416
  • Oct 30, 2017 8:51am Oct 30, 2017 8:51am
Quoting DrForexMD
IMHO, EU still bearish per TDI off weekly 0% Pivot or Fib 50%. Probably as a result of Spanish politics - Ask Tony Montana (Bearish) below - how he deals with the Bulls : {image} Tony against the MMs in 1983 (Scarface) - He is Spanish too (Cuban): https://youtu.be/AVQ8byG2mY8
Hi John
you got a nice uncomplicated chartthat only you understand.
1.16 is proving hard to crack.
green pips my friend
In trading, you have to be defensive and aggressive at the same time
  • #12,417
  • Oct 30, 2017 8:55am Oct 30, 2017 8:55am
Quoting pgr45za
{quote} The only problem may be fundamentals: the new labor government is pressuring the NZ central bank to be much more dovish.
Central Banks opinions often are overlooked.Bank of Australia wants lower AUD so does BOJ so does the Feds and so on.What matters is concrete steps otherwise market likes higher interest yields on NZD
Don't try over analysis it might paralyze you from putting a trade.Look at the chart
In trading, you have to be defensive and aggressive at the same time
  • #12,418
  • Oct 30, 2017 8:57am Oct 30, 2017 8:57am
Quoting Davit
{quote} Central Banks opinions often are overlooked.Bank of Australia wants lower AUD so does BOJ so does the Feds and so on.What matters is concrete steps otherwise market likes higher interest yields on NZD
That is true, but questioning the independence of the NZ central bank (something the new labor govt is doing) weakens the CB's mandate and often results is a more dovish policy. Just something to keep in the background, I guess. I still think NU is due for a bounce (up!).
  • #12,419
  • Oct 30, 2017 9:28am Oct 30, 2017 9:28am
Quoting Davit
One of the key aspects of successful trading is developing patience to take best set ups.Its always tempting to place an order but this urge must be reign in. Animals do it naturally.They attack only when distance is closest to prey and increasing the odds of success.In my opinion best traders are predator animals.The stalking ,waiting etc. Here is one of my all time favorite articles on the subject. http://www.learntotradethemarket.com...-forex-trading very well written and sinks in with...
Yes Davit this is a great article. I look forward to reading his articles every day. Am truly glad to see your post as I am improving myself a lot with Nial. Together with Mark Douglas and your system I have built a strong foundation to build on.
Invest in Life
  • #12,420
  • Oct 30, 2017 9:43am Oct 30, 2017 9:43am
Quoting Mundo
{quote} Yes Davit this is a great article. I look forward to reading his articles every day. Am truly glad to see your post as I am improving myself a lot with Nial. Together with Mark Douglas and your system I have built a strong foundation to build on.
I like Nail's videos on price action on YouTube. You are on good track my friend
In trading, you have to be defensive and aggressive at the same time
10 traders viewing now