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Pivot Trading

  • #13,081
  • Nov 14, 2017 8:28pm Nov 14, 2017 8:28pm
Is this an acceptable template?
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  • #13,082
  • Nov 14, 2017 8:28pm Nov 14, 2017 8:28pm
Quoting Doc_
{quote} Yes I have read the first post and many more. Thnx for the heads up on my pivots. Yeah I wasnt suggesting a long, just pointing out that after the data that we have hit S100.
No problem at all.

I would watch tomorrow to see if the US CPI (and Retail) figures will be negative and I might consider buying.
  • #13,083
  • Nov 14, 2017 8:35pm Nov 14, 2017 8:35pm
Quoting Doc_
Is this an acceptable template?
I'm sure it's fine since you only changed your background color.
  • #13,084
  • Nov 14, 2017 8:40pm Nov 14, 2017 8:40pm
Cheers
  • #13,085
  • Nov 15, 2017 12:36am Nov 15, 2017 12:36am
AC is looking good
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In trading, you have to be defensive and aggressive at the same time
  • #13,086
  • Nov 15, 2017 12:38am Nov 15, 2017 12:38am
weekly
Against another commodity pair this is solid spot to build longs.I think most if not all the dumping is priced in from wage data
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In trading, you have to be defensive and aggressive at the same time
  • #13,087
  • Nov 15, 2017 12:50am Nov 15, 2017 12:50am
Mundo how you are faring after Euro drives.I hope you are ok
In trading, you have to be defensive and aggressive at the same time
  • #13,088
  • Nov 15, 2017 1:35am Nov 15, 2017 1:35am
Not too good on Euro pairs...but had another two profit taking sessions with UJ so overall not bad. If this push continues will start closing but will give it chance to go lower first.
Invest in Life
  • #13,089
  • Nov 15, 2017 2:46am Nov 15, 2017 2:46am
Davit ,,, Well Done !!! on the whole thread, discipline to put up with ************** etc etc altho I don't follow you like little puppy (after being at it for a few yrs) your knowledge passed on in a clear and concise manner has trans formed my trading ... I thank you .. today has been just one of many since I startd using your pivot trading
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  • #13,090
  • Nov 15, 2017 3:00am Nov 15, 2017 3:00am
Quoting Mundo
Not too good on Euro pairs...but had another two profit taking sessions with UJ so overall not bad. If this push continues will start closing but will give it chance to go lower first.
Already closed few losing orders on EU, will hold few more for some time, hope they will survive the week. But honestly candles are so perfect no wicks, it's frightening, no retrace, it is hardly London Open and EU did almost 100% ADR.
  • #13,091
  • Nov 15, 2017 3:13am Nov 15, 2017 3:13am
Do you guys have a gap on a daily EU chart, around 21-23 of April this year?
  • #13,092
  • Nov 15, 2017 3:16am Nov 15, 2017 3:16am
Quoting shnackattack
Do you guys have a gap on a daily EU chart, around 21-23 of April this year?
~140pips, which is not filled.
  • #13,093
  • Nov 15, 2017 3:36am Nov 15, 2017 3:36am
Perhaps this chart of the EUR/USD may serve of some use.

Yes, there is a target at 1.1678 BUT right now this pair is in breakout..into year end and trust me on this please...Fading end of year breakouts can be a brutal exercise for even the most practised risk manager.

Although the chart I've attached does not adhere exactly to the method shared by the OP, Davit - It does serve as my own analysis of why I'll be selling this pair....but not quite yet.

 

  1. EUR/USD in breakout
  2. It hasn't even had a pullback to form a swing low
  3. Moves up in consolidation have come from Mother and Inside candle breakouts (boxed in chart) ie. The move up is parabolic at present

Attached Image (click to enlarge)
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  • #13,094
  • Nov 15, 2017 3:42am Nov 15, 2017 3:42am
Here is the GAP on the daily chart with the broker I use...
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  • #13,095
  • Nov 15, 2017 4:27am Nov 15, 2017 4:27am
Quoting FXClarity
Here is the GAP on the daily chart with the broker I use... {image}
the gap is already covered by the candle's spike afterwards, so is no more relevant (in my opinion)
Avoid the crowd. Be chess player, not chess piece
  • #13,096
  • Nov 15, 2017 4:39am Nov 15, 2017 4:39am
Quoting FXClarity
Here is the GAP on the daily chart with the broker I use... {image}
There is no April on your chart. We talk about April gap.
  • #13,097
  • Nov 15, 2017 4:41am Nov 15, 2017 4:41am
Quoting acsandrei
{quote} the gap is already covered by the candle's spike afterwards, so is no more relevant (in my opinion)
The Gap is not actually covered by the candle's spike afterwards..the spike hit the low of the previous days' candle but the gap between the close of that candle and the high of the spike is still open.

That said, the gap is merely a point of reference in the scheme of things - I'll still be looking to short this pair in due course from the reversion to the breakout level highlighted in my first chart.
  • #13,098
  • Nov 15, 2017 4:42am Nov 15, 2017 4:42am
Quoting ravenbg
{quote} There is no April on your chart. We talk about April gap.
Why the big interest in the gap? Who gives a damn about it anyway..I think you are missing my point
  • #13,099
  • Nov 15, 2017 4:58am Nov 15, 2017 4:58am
Quoting FXClarity
{quote} Why the big interest in the gap? Who gives a damn about it anyway..I think you are missing my point
You as well, the guy asked a question about April, what is so complex here? Do you have it or not, why fall into so much useless explanation....
  • #13,100
  • Nov 15, 2017 5:11am Nov 15, 2017 5:11am
Quoting ravenbg
{quote} You as well, the guy asked a question about April, what is so complex here? Do you have it or not, why fall into so much useless explanation....
In the two charts I've kindly provided I have shared some highly valuable information.

Feel free to use or discard as you see fit.
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