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Pivot Trading

  • #14,521
  • Jan 10, 2018 2:15pm Jan 10, 2018 2:15pm
Now I see the reason: "White House official: No change in Trump's position on NAFTA"
  • #14,522
  • Jan 10, 2018 2:18pm Jan 10, 2018 2:18pm
Quoting MidnightRun
Now I see the reason: "White House official: No change in Trump's position on NAFTA"
does not matter overall trajectory is 1.28+ Its matter of time oil plummets and with it the CAD
There is just too much crude to be at 63 this will drop to 55 soon. Saudis are posturing because they need oil price high since they are running thin but reality is lots of oil is coming in the market including US producers.Its a commodity that progressively gets less demand and producers popping more in the market.

As for BOC raising IR again not likley for foreseeable future and if NAFTA gets reshuffled this will hurt Canadian economy.
JOB numbers in DEC that came out were fickle I just don't believe Canadian economy is as healthy as these numbers show.Part time help in holiday season sure shows well but that's that.What matters next 3months job growth
In trading, you have to be defensive and aggressive at the same time
  • #14,523
  • Jan 10, 2018 3:05pm Jan 10, 2018 3:05pm
Quoting griffinssoul
{quote} hey classy .... i dont worry about probability of trade .... win or loss .... i only worry about long term results .... dis is mega really hard 2 understand sure .... usually traders pull trigger cause they tink it will be winner winner nice chicken dinner .... 101 Mark Douglas
thanks griff for nice word and share your thought.
Say something meaningful or Silence!!
  • #14,524
  • Jan 10, 2018 3:39pm Jan 10, 2018 3:39pm
Quoting Davit
1976 MV Agusta 750 America - Jay Leno's Garage some things age not only beautifully but worth $$$$$$ more now https://www.youtube.com/watch?v=0epQVh_NhSA
looks like a fun one @ $200 ea I wished I'd picked up a few hundred of those brochures, lol...
  • #14,525
  • Jan 10, 2018 4:16pm Jan 10, 2018 4:16pm
Quoting DrForexMD
{quote}Pivot Trading Mar 2017 Reference File:
Attached File(s)
File Type: pdf Davit’s Posts on his Pivot Trading thread-2017-03-Pages-61.pdf   2.3 MB | 517 downloads


Cheers all ! -John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #14,526
  • Jan 10, 2018 11:08pm Jan 10, 2018 11:08pm
AN+436
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In trading, you have to be defensive and aggressive at the same time
  • #14,527
  • Jan 10, 2018 11:12pm Jan 10, 2018 11:12pm
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We obey the structure that results from the market's reaction
  • #14,528
  • Jan 10, 2018 11:14pm Jan 10, 2018 11:14pm
Quoting Egbert
{image}
nice I am anticipating dip back to 920 then might load up again
In trading, you have to be defensive and aggressive at the same time
  • #14,529
  • Jan 10, 2018 11:26pm Jan 10, 2018 11:26pm
Quoting Egbert
{image}
Man, the rush u must've gotten when the news beat the forecast ×3!! Congratulations, well played!!
  • #14,530
  • Jan 10, 2018 11:38pm Jan 10, 2018 11:38pm
Quoting Davit
{quote} nice I am anticipating dip back to 920 then might load up again
Thanks Davit,

waited for the market to unfold. Still learning a lot from your great system.

Quoting DatDudeDanny
{quote} Man, the rush u must've gotten when the news beat the forecast ×3!! Congratulations, well played!!
Thanks DDD!
We obey the structure that results from the market's reaction
  • #14,531
  • Jan 10, 2018 11:44pm Jan 10, 2018 11:44pm
NC
I am looking a dip on UC back to 2480 before another wave to 26+
That should drop NC at least 50pips
I feel more comfortable battling commodity pairs against each other then against USD
As you can see NC has overachieved herself 138pivot hit
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In trading, you have to be defensive and aggressive at the same time
  • #14,532
  • Jan 11, 2018 12:41am Jan 11, 2018 12:41am
Quoting DrForexMD
{quote} {image} Cheers all ! -John
Thank you John for your effort.I really appreciate it not sure if I deserve it.Thank you
In trading, you have to be defensive and aggressive at the same time
  • #14,533
  • Jan 11, 2018 1:30am Jan 11, 2018 1:30am
Hello,

Watch for AC! Seems to be a supervalid 90% trade.

AN - check my tp, 2-3pips and i would miss it
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  • #14,534
  • Jan 11, 2018 1:39am Jan 11, 2018 1:39am
NC - it could be a DD for me, but the trade itself is valid yet.

H&S on the 4hrs, on the daily PA shows a strong signal.
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  • #14,535
  • Jan 11, 2018 1:59am Jan 11, 2018 1:59am
Quoting Davit
{quote} does not matter overall trajectory is 1.28+ Its matter of time oil plummets and with it the CAD There is just too much crude to be at 63 this will drop to 55 soon. Saudis are posturing because they need oil price high since they are running thin but reality is lots of oil is coming in the market including US producers.Its a commodity that progressively gets less demand and producers popping more in the market. As for BOC raising IR again not likley for foreseeable future and if NAFTA gets reshuffled this will hurt Canadian economy. JOB numbers...
Oil (WTI) is definitely at a resistance level from April/May of 2015, and this shows on the weekly pivot at R100. Oil is known to have a seasonal period where price typically rises (Late Feb through early April and also in July), however January tends to be a weaker month. In 2017 the first seasonal play did not occur as normal - price did not rise. In Canada analysts often use the iShares S&P/TSX Capped Energy Index ETF (XEG) as a proxy for the Canadian energy sector. https://ca.finance.yahoo.com/quote/XEG.TO and as a lead/complementary indicator for oil prices. Last year its price started to drop in December 2016 through July and oil prices basically followed suit (note: initial XEG support level was breached the week of January 16, 2017). This year XEG formed what may end up being a lower high (or not) on Jan 3, 2018 (last week) at 12.73 and has moved a little bit lower this week to 12.52, with support at 12.22. I will definitely be looking to see if this level is breached in the next 2 weeks. So in addition to the WTI R100 level, we may also want to keep an eye on XEG.
  • #14,536
  • Jan 11, 2018 2:13am Jan 11, 2018 2:13am
Quoting Davit
{quote} Nice results!! As one of the developers of anglater on my template I love this indicator.One glance and it gives ton of info.Lot of people crap on indicators attributing it to their failures as traders.To me its not the tool but the user. Thank you
100000.....mega billion......0000000% correct D

indicators in FX is like speedometer in 1976 MV Agusta 750 ..... if u change speedometer to different 'modern' one will the bike go faster ..... NO ..... can u know what speed u will be doing in 10 hours from speed now ..... NO ...... the speedometer only gives u info on what is happening now and thats all ...... y should it be diff in FX
  • #14,537
  • Edited 3:01am Jan 11, 2018 2:25am | Edited 3:01am
Quoting lordgbengs
{quote} Hi Griffinssoul Please can you expanciate on what your mean by the above statement. Thank you
.... 4 this method my avg time in trade is around week ..... so often i will have 2 carry over to the next week ..... so its good to know where the pivot will be for the next week on the Friday .... easy 2 make guess its just avg of 3 numbers of weekly candle [low,high,close]...... the more bull or bear the weekly candle [..... marubozu will be strongest] the closer the piviot will be to top or bottom .... easy
  • #14,538
  • Jan 11, 2018 2:53am Jan 11, 2018 2:53am
Quoting Thomas88
{quote} i agree 100% - understanding this AND apply it in practice seems to be the difference for me between winning and losing. I always found high probability trades, but with poor MM and pschylogical approach, ultimately i lost. I blew accounts after 100% profit with only one "mega" trade. No if i lost a trade i do not give a dime. I do not feel that i have to "revenge" it and do not want to jump immediately in another trade just to make it right....... Cheers
superb post .... traders only 'revenge' cause they believed they were RIGHT! ..... Davits method is the opposite only trade A setups like Davit says ..... thats it nothing else!!!!

I blew accounts after 100% profit with only one "mega" trade ..... this can almost never [never say never in FX ] happen 2 me cause i go tiny tiny little bites of da cream pie ..... mmmmmm cream pie ..... also when i get sign to get out .... GET OUT! .... watch my DD <- mega most important bros!!!

Davits method uses equity SL <- was very hard 4 me 2 learn .... now easy ..... much eaiser than hard SL

remember dis ..... balance can accumulate ....... max DD doesnt ..... tink about it
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  • #14,539
  • Jan 11, 2018 3:12am Jan 11, 2018 3:12am
Quoting griffinssoul
{quote} superb post .... traders only 'revenge' cause they believed they were RIGHT! ..... Davits method is the opposite only trade A setups like Davit says ..... thats it nothing else!!!! I blew accounts after 100% profit with only one "mega" trade ..... this can almost never [never say never in FX ] happen 2 me cause i go tiny tiny little bites of da cream pie ..... mmmmmm cream pie ..... also when i get sign to get out .... GET OUT! .... watch my DD <- mega most important bros!!! Davits method...
wow your style is so refreshing :3

i do think about how to implement eq SL's as it means i have to follow the trades which can be difficult at work. - anyway is will apply it in the near future!
  • #14,540
  • Jan 11, 2018 4:34am Jan 11, 2018 4:34am
Quoting griffinssoul
{quote} 100000.....mega billion......0000000% correct D indicators in FX is like speedometer in 1976 MV Agusta 750 ..... if u change speedometer to different 'modern' one will the bike go faster ..... NO ..... can u know what speed u will be doing in 10 hours from speed now ..... NO ...... the speedometer only gives u info on what is happening now and thats all ...... y should it be diff in FX
YEA ,I AM ALSO love it and 100000000..zillion correct..thanks
Say something meaningful or Silence!!
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