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Pivot Trading

  • #12,821
  • Nov 8, 2017 6:47pm Nov 8, 2017 6:47pm
EA. Got in. Missed lower entries.
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  • #12,822
  • Nov 8, 2017 7:25pm Nov 8, 2017 7:25pm
Quoting DrForexMD
Hi Forexholy , I am far from an expert here, but I believe besides the 61R Pivot, TDI cross and DB PA setup, the ADR% needs to be higher close to or in the red that suggests a higher likelihood or probability of a bullish reversal because there still is room for further movement down to 78R, etc. Thus, setting up your the Edge ! Cheers ! - John
PIVOT TRADING WITH TDI
TS (Thread Starter) by: Mr. Davit
Link: http://www.forexfactory.com
Pairs Trade: UC AC EA AU GU NU AN EU
TF (Time Frame): 15m (minimum), bigger TF works as well.
Indicators use: ! refer to the link above
ADR ! ADR is just a tool to let you know if pair is overstretched on daily range. When that happens
likelihood of reversal is great and when confluences with pivots creates great opportunities. Emphasis
is always on PA because often when pair overshoots its likely that something major happened like rate
cut or other fundamental factors so you must check why it overshot in the first place.
  • #12,823
  • Nov 8, 2017 7:41pm Nov 8, 2017 7:41pm
Possible bearish EUR due to lower PMI
  • #12,824
  • Nov 9, 2017 3:00am Nov 9, 2017 3:00am
got in a little late 6 pips so far

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Blessed is the one who takes refuge in Him.
  • #12,825
  • Nov 9, 2017 3:06am Nov 9, 2017 3:06am
will it fall from here or go on up?


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Blessed is the one who takes refuge in Him.
  • #12,826
  • Nov 9, 2017 6:34am Nov 9, 2017 6:34am
Quoting Forexholy
{quote} PIVOT TRADING WITH TDI TS (Thread Starter) by: Mr. Davit Link: http://www.forexfactory.com Pairs Trade: UC AC EA AU GU NU AN EU TF (Time Frame): 15m (minimum), bigger TF works as well. Indicators use: ! refer to the link above ADR ! ADR is just a tool to let you know if pair is overstretched on daily range. When that happens likelihood of reversal is great and when confluences with pivots creates great opportunities. Emphasis is always on PA because often when pair overshoots its likely that something major happened like rate...
Forexholy,
Thank you for your excellent and concise review. It has helped fill a few gaps of my understandings here !
Cheers!
-John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #12,827
  • Edited 7:45am Nov 9, 2017 7:30am | Edited 7:45am
Quoting reo4ua
will it fall from here or go on up? {image}
I think you're asking a bad question. You make business decisions. You should know whether this decision will bring profit. If you do not know do not invest. Look for a better opportunity.

What is the most likely scenario for you?

[attach]cand.png;2554322[/attach
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if you're doing we all have results with all
  • #12,828
  • Nov 9, 2017 8:48am Nov 9, 2017 8:48am
Closed EC +250
Market is in range and wont surprise me this dropping down again
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In trading, you have to be defensive and aggressive at the same time
  • #12,829
  • Nov 9, 2017 8:51am Nov 9, 2017 8:51am
Quoting Davit
Closed EC +250 Market is in range and wont surprise me this dropping down again {image}
I think you closed too early.
Bullish harmonic patterns on H1 and H4 on EC.
PA still bullsih as well.
Could of let it run at least to WP.

Just my 2c.
  • #12,830
  • Nov 9, 2017 8:53am Nov 9, 2017 8:53am
Quoting pgr45za
{quote} I think you closed too early. Bullish harmonic patterns on H1 and H4 on EC. PA still bullsih as well. Could of let it run at least to WP. Just my 2c.
When trading crosses like EC you must look at the majors

UC dropping gaining getting stronger (CAD)
EU is struggling to get pass 1625-30 WP

Hence why my hesitation.When I say market is in range means there are not enough buyers or sellers pushing price either way.This usually results range conditions.If you look at the calendar not much happening this week.
If it drops to 4750 I may reload again
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In trading, you have to be defensive and aggressive at the same time
  • #12,831
  • Nov 9, 2017 8:58am Nov 9, 2017 8:58am
Quoting Davit
{quote} When trading crosses like EC you must look at the majors UC dropping gaining getting stronger (CAD) EU is struggling to get pass 1625-30 WP Hence why my hesitation.When I say market is in range means there are not enough buyers or sellers pushing price either way.This usually results range conditions.If you look at the calendar not much happening this week. If it drops to 4750 I may reload again
4750 because it's daily open (5pm EST) ... sweet!
  • #12,832
  • Nov 9, 2017 9:01am Nov 9, 2017 9:01am
This may provide nice sell opertunity.Put it on wait list
EA
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In trading, you have to be defensive and aggressive at the same time
  • #12,833
  • Nov 9, 2017 9:03am Nov 9, 2017 9:03am
Quoting pgr45za
{quote} 4750 because it's daily open (5pm EST) ... sweet!
This is advance trading I am sharing.Lot of traders fail to see correlations of majors on crosses.This is important to see.
Now watch EC drop
In trading, you have to be defensive and aggressive at the same time
  • #12,834
  • Nov 9, 2017 9:04am Nov 9, 2017 9:04am
Quoting Davit
{quote} This is advance trading I am sharing.Lot of traders fail to see correlations of majors on crosses.This is important to see.

Very much appreciated Davit!
  • #12,835
  • Nov 9, 2017 9:09am Nov 9, 2017 9:09am
Quoting Davit
{quote} This is advance trading I am sharing.Lot of traders fail to see correlations of majors on crosses.This is important to see. Now watch EC drop
What I think is keeping EC from rising is crude oil (once again trying to break WR100)
  • #12,836
  • Nov 9, 2017 9:20am Nov 9, 2017 9:20am
The ones who were short on AN I hope you are still short.We should see 900 this month
In trading, you have to be defensive and aggressive at the same time
  • #12,837
  • Nov 9, 2017 9:30am Nov 9, 2017 9:30am
loaded up on EC again 8 positions
UC is very close to 61S so I anticipate CAD getting sold off soon.(means price going up base currency is USD)
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In trading, you have to be defensive and aggressive at the same time
  • #12,838
  • Nov 9, 2017 9:45am Nov 9, 2017 9:45am
Quoting Davit
loaded up on EC again 8 positions UC is very close to 61S so I anticipate CAD getting sold off soon.(means price going up base currency is USD) {image}
Looks a bit weak to me. If .4760 area doesn't hold could drop lower.
  • #12,839
  • Nov 9, 2017 10:06am Nov 9, 2017 10:06am
Quoting Davit
loaded up on EC again 8 positions UC is very close to 61S so I anticipate CAD getting sold off soon.(means price going up base currency is USD) {image}
Agreed, at a very critical area.

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Trade with confidence, trade without fear.
  • #12,840
  • Nov 9, 2017 10:10am Nov 9, 2017 10:10am
Quoting Davit
This may provide nice sell opertunity.Put it on wait list EA {image}
I managed to squeak out 125 pips overnight on EA. Trading in a range.
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