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Pivot Trading

  • #13,021
  • Nov 13, 2017 4:57pm Nov 13, 2017 4:57pm
Quoting lisat
{quote} hello RJ the profit factor can only be worked out when there are losses, when there are no losses it is blank. If looking at a trade explorer on FF it shows as an "infinity" symbol.
Ah, yes of course...thanks Lisa.

I feel a little bit silly because I so rarely look at my equity curve information. I use a spreadsheet to collate my trading info the 'old' way!!

It's all good information though and we never stop learning
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,022
  • Nov 13, 2017 5:01pm Nov 13, 2017 5:01pm
Quoting Davit
Let me be frank with you all. There are literally hundreds of system threads and traders here you don't understand and you don't like how I trade please leave.Nobody asks you to be here. I take my time from family work etc to help others but its getting almost unbearable.

I think it's fair to say Davit, that most of the 'noise' stems from one single source over at the TMS thread.....you know the one....the guy who's ego is bigger than his trading ability. Don't allow him and his kind to win....you're doing a great job.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,023
  • Nov 13, 2017 5:21pm Nov 13, 2017 5:21pm
EA first few orders triggered at 5320. Let's see where the week is taking us.
  • #13,024
  • Nov 13, 2017 6:11pm Nov 13, 2017 6:11pm
i use this ADR Indicator...quite useful too...
Attached File(s)
File Type: ex4 !SM_ADR Marker.ex4   12 KB | 506 downloads
  • #13,025
  • Nov 13, 2017 6:24pm Nov 13, 2017 6:24pm
Quoting denisius
EA first few orders triggered at 5320. Let's see where the week is taking us.
In the same boat.
  • #13,026
  • Nov 13, 2017 7:26pm Nov 13, 2017 7:26pm
Quoting RisingSun
{quote} David, The code is different. Hope this one works. Need time to get the results. Thanks again, Akira
Akira-san...
It's Fibo38..
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #13,027
  • Nov 13, 2017 7:28pm Nov 13, 2017 7:28pm
Just closed NU
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Sell EA & EG ATM
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #13,028
  • Nov 13, 2017 7:44pm Nov 13, 2017 7:44pm
AUDCAD S38
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Think before you trade!
  • #13,029
  • Nov 13, 2017 7:58pm Nov 13, 2017 7:58pm
Quoting Davit
Let me be frank with you all. There are literally hundreds of system threads and traders here you don't understand and you don't like how I trade please leave.Nobody asks you to be here. I take my time from family work etc to help others but its getting almost unbearable.
Your system helps my trading. Please continue.
  • #13,030
  • Nov 13, 2017 8:37pm Nov 13, 2017 8:37pm
Closed some more trades with little profit...AC, AJ, AU and EA. EU still in DD

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  • #13,031
  • Nov 13, 2017 8:42pm Nov 13, 2017 8:42pm
Quoting andy_l
{quote} Akira-san... It's Fibo38..
I think his name is David. But thanks for reminding, andy.
Akira
  • #13,032
  • Nov 13, 2017 10:04pm Nov 13, 2017 10:04pm
Calendar from Kathy Lien

http://www.bkforex.com/wp-content/up...ndar111317.pdf
Invest in Life
  • #13,033
  • Nov 13, 2017 10:31pm Nov 13, 2017 10:31pm
Quoting lordgbengs
{quote} I read this notes by the banks/houses for direction and sentiments ( I dont have their capacity and reach, so its wise to piggy back on them), my aim is to be directionally right and not necessarily right in terms of actual levels ( I trade what I see based on Davit's pivot, PA, levels and the direction in mind). Global growth has been forecasted to improve in 2018 by IMF and I expect commodity prices to do well/benefit amidst a weaker dollar. For the past 2 weeks the pair has been ranging and I think it might go up, I might be wrong but...
The bank forecasts you use might have more weight than this news article (link at end of my post) but I'm highlighting it just for an alternate view. I suspect the problems it highlights are medium to long term (ie not 2017 Q4 that UOB talked about) and some areas need to be critically assessed eg under heading "WE’VE WASTED OUR GRAVY TRAIN" is a quote
"According to the Australian Bureau of Statistics, in 2015-16 the entire Australian mining industry which includes coal, oil and gas, iron ore, the mining of metallic and non-metallic minerals and exploration and support services made a grand total of $179 billion in revenue.
It had $171 billion of costs and generated an operating profit before tax of $7 billion which representing a wafer thin 3.9 per cent margin on an operating basis."

Can I challenge their stats? No, but I do wonder if they are misleading given in other areas I've heard of companies transferring their profits to tax haven's to maximise wealth. If such transfers have happened in this industry than it could explain why margins show up as being so thin in ABS stats.

http://www.news.com.au/finance/econo...8e4896e38db882
Hope for the best, prepare for the worst.
  • #13,034
  • Nov 13, 2017 10:33pm Nov 13, 2017 10:33pm
Quoting dab
{quote} I still have 1 position open, only because TP was set at 1.1010 (just above s61 pivot) and it didn't get triggered. Will probably add short/s if goes back up around the WP. (took profit on other AN shorts earlier to reduce my exposure, partly due to other pairs I'm still exposed to as I've still to get my timing right.)
Have opened another AN short at what was WP last week, now b/w R38 and R61, looking for trend continuation but will add to it at higher levels if it goes there and all the while enjoy +ve swap!
Hope for the best, prepare for the worst.
  • #13,035
  • Nov 13, 2017 10:41pm Nov 13, 2017 10:41pm
How much of R61-S61 swing would I get ...
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  • #13,036
  • Nov 13, 2017 11:25pm Nov 13, 2017 11:25pm
Took the same trade

buy -AU AN sell-EA
  • #13,037
  • Nov 14, 2017 12:50am Nov 14, 2017 12:50am
Quoting RisingSun
How much of R61-S61 swing would I get ... {image}
Your pivot looks way off ...
  • #13,038
  • Nov 14, 2017 4:21am Nov 14, 2017 4:21am
Quoting dab
{quote} The bank forecasts you use might have more weight than this news article (link at end of my post) but I'm highlighting it just for an alternate view. I suspect the problems it highlights are medium to long term (ie not 2017 Q4 that UOB talked about) and some areas need to be critically assessed eg under heading "WE’VE WASTED OUR GRAVY TRAIN" is a quote "According to the Australian Bureau of Statistics, in 2015-16 the entire Australian mining industry which includes coal, oil and gas, iron ore, the mining of metallic and non-metallic minerals...
Thank you dab for sharing, the article highlights structural issues with the Aussie economy, and long term as you have highlighted. Thank you once again.
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #13,039
  • Edited 9:01am Nov 14, 2017 6:12am | Edited 9:01am
Looks like a potentially nice Bearish EU PA setup with going into the expected Tuesday morning NYO reversal at R78 + TDI cx after a RT -> PB then a move southbound towards DO just before PPI Red News:

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Set and Forget bearish Sell-Stops in anticipation for a southbound move - perhaps too aggressive, but my intuition says "yes" and "Do It":

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Well, poor prediction (mistake) for my immediate shorted targets as PA went Bullish. However, I did have adequate capital (although Demo) to cover move if it went against me ("Be prepared !" - learned in the Boy Scouts - circa 1968). In the end, my Targets will be hit after correction down the road ("What goes up, must come down" - 2nd Law - Isaac Newton - circa 1668) :

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All kidding aside, I believe mistakes need to be evaluated for study too - i.e. could have waited at least an hour or more after the Red PPI News !

All the Best and Cheers !

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #13,040
  • Nov 14, 2017 9:11am Nov 14, 2017 9:11am
Gladly still holding both GU and NC.

My plan is to wait until GU test the pivot and watch its reaction. If it does not, a strong break of 61S would mean for me to get out.

For NC if not much resistance is hit on the 38S I'll hold until the pivot is tested. If it comes back down and cut through 78S I plan to get out.

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Any comments are welcome.
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