Pivot Trading

Quoting vickym

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Shorting some NC. Failed to break pivot - with rate decision in couple of hours, this could fall quick 'if' there's no hawkish move. {image}

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Quoting Cryptosurf

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It's important to watch where your ADR levels are at as well. {quote} The correction is a swing failure to a mean reversion or possible reversal. The more the pair is overcooked to the outer WR/WS, then higher the probability of a correction. {quote} Here's what that range it looks like: {image} The pair is current daily 20 ADR is at 60 and currently at 73.2% of that range. When price is at the outer WS/WR levels then it is primed for a reversal, or a continuation based on fundamentals.

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Quoting 1pipperhour

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{quote} I can't see a point trading that pair atm. Totally sideways. Some news ahead might move this but you don't know which way, looks like a gambling to me.

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Quoting thedrrew

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Hi guys ! My first post here. I'll do my best to stay true to the method Davit shared. Please do not hesitate to correct me if I'm wrong. My first trade on UC - I saw price stopped by the S38 for a few hours - TDI crossed to the upside - Looks like at an area of support {image} Any comments are appreciated.

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Quoting Davit

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EC testing 61S again... {image}

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Quoting Davit

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{quote} you notice price didn't reach 61S so had it bounced off 61S then continuing buying from 38S makes sense but your trade is sort of toss up.Not the one I would of taken. Understand the logic what I am saying.Price usually gravitates towards 61-100 S/R levels. 38 is in between

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Quoting Davit

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EC testing 61S again... {image}

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Quoting emmanuel7788

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{quote} I was watching the whole week to see if price will meet its 200EMA and that High of that WRB. It struggled for days to move up and I wondered why. And now when I changed my chart to show as Line chart, I see something interesting. {image} {image}

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Quoting emmanuel7788

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{quote} the secret is CONFLUENCE of various support and resistance. keep it simple, look at the the market herd are using - moving averages, pivots, fibonacci retracement and extensions, elliot wave count, harmomics pattern, round numbers, etc. by the time you spend time looking at PA using so many of these technical analysis tools, you will be frozen ... your finger will not be able to pull the trigger.

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Quoting emmanuel7788

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You need to know the Power of 10EMA when applied to forex trading. If we want to keep thing simple, this is one which I would recommend traders to simply use the 10EMA in all different timeframes in their top down analysis. CONSISTENCY is key because we all know there is no holy grail. The Power of 10EMA Post#8,528 by FF member named tango-1

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Quoting Davit

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{quote} Is this comedy or what! The guy who trashes MA users and himself obsessed by them The POWER of 10EMA

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Quoting reo4ua

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After breaking pivot and retesting, GU just formed a lower high. {image}

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Quoting 1pipperhour

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{quote} Is that boobs or ass pattern

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Quoting Davit

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{quote} Is this comedy or what! The guy who trashes MA users and himself obsessed by them a charlatan willing to do and say virtually anything to remain in the spotlight —Alan Brinkley

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