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Pivot Trading

  • #14,541
  • Jan 11, 2018 4:49am Jan 11, 2018 4:49am
Oil is still going up, WTI is now near $64
  • #14,542
  • Jan 11, 2018 4:57am Jan 11, 2018 4:57am
Quoting shnackattack
Oil is still going up, WTI is now near $64
Setting multi year highs and yet UCAD is holding 1.2550 for now. The CAD "fad" is over for now.
Pride always comes before destruction.... -Proverbs 16:18
  • #14,543
  • Jan 11, 2018 5:11am Jan 11, 2018 5:11am
Quote
Setting multi year highs and yet UCAD is holding 1.2550 for now. The CAD "fad" is over for now.

I trade USDRUB which is the pair that is most affected by moves in oil, more so than USDCAD, but even it, hasn't really moved much while oil is reaching the multi year highs.
  • #14,544
  • Jan 11, 2018 5:35am Jan 11, 2018 5:35am
I don’t understand what’s driving NU higher...
  • #14,545
  • Edited 5:18pm Jan 11, 2018 6:19am | Edited 5:18pm
Quoting Davit
{quote} Thank you John for your effort.I really appreciate it not sure if I deserve it.Thank you
GM Davit,
Sorry, you are very wrong here: You deserve it my friend - obviously, more than you know ! It is nice to see you so humble, but you have brought us much joy in your devotion here to help advanced traders who are truly eager to become successful traders on the Forex Market ! Stay healthy please with getting enough rest, sleep and time with family for your own total well-being - Oh, and helping us to make lots and lots of Green Pips! (LOL)

Regards and thank you,
-John

PS: Besides, as a investigator, researcher and publisher, you are the best Subject in years other than science to study ! I am having a blast documenting and publishing so I can model myself to a major International Professional in Forex. Maybe, I can help you publish a textbook on the subject someday to get to capture a larger audience (i.e. fish net) with the proceeds going to a world charity to help the sick and poor !
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #14,546
  • Jan 11, 2018 6:45am Jan 11, 2018 6:45am
Quoting DjPriz
I don’t understand what’s driving NU higher...
I do not understand neither. I took my DD on it.. "Everything can happen"
Now i have to force myself not to sell it again..
However i think what we witness is pure SL hunting and lure in the buyers - buy stops.

I may reenter, but only when i see reasonable PA to do so. Or i wont touch it. NU can be a bitc*
  • #14,547
  • Jan 11, 2018 7:17am Jan 11, 2018 7:17am
Good Morning!

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Been a good week so far: AJ shorts from before Christmas paid nicely and now this. Currently scaling into NU shorts.

Green pips!
Process over outcome.
  • #14,548
  • Jan 11, 2018 7:21am Jan 11, 2018 7:21am
AN presetting nice reload opertunity

Still on NC shorts.Kind of surprised me how strong NZD is now...
In trading, you have to be defensive and aggressive at the same time
  • #14,549
  • Jan 11, 2018 7:33am Jan 11, 2018 7:33am
Quoting Davit
AN presetting nice reload opertunity Still on NC shorts.Kind of surprised me how strong NZD is now...
Just patience and reloaded again on AUDNZD.
We obey the structure that results from the market's reaction
  • #14,550
  • Jan 11, 2018 7:35am Jan 11, 2018 7:35am
So glad I didn’t jump into NU revenge trade
  • #14,551
  • Jan 11, 2018 7:53am Jan 11, 2018 7:53am
Quoting Davit
AN presetting nice reload opertunity Still on NC shorts.Kind of surprised me how strong NZD is now...
Same here.
NC is already in green, also like the PA.
AC is on the run, too.

NU - pure DD, closed it all. 5% loss total. In the past i would have totally wiped out.
  • #14,552
  • Jan 11, 2018 8:07am Jan 11, 2018 8:07am
PAIRS GBP
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  • #14,553
  • Jan 11, 2018 8:32am Jan 11, 2018 8:32am
Quoting classy
{quote} YEA ,I AM ALSO love it and 100000000..zillion correct..thanks
So classy, are you going to pick a method? It has been noted that you float from thread to thread. Believe it or not you work hard, but you have not committed to any type of method. How are you going to trade?
If you are good at something, never do it for free--Joker
  • #14,554
  • Jan 11, 2018 9:03am Jan 11, 2018 9:03am
EUR/USD
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  • #14,555
  • Jan 11, 2018 9:07am Jan 11, 2018 9:07am
...... back to OIL

The Oanda Correlation Chart of West Texas Oil and the USDCAD shows that during the last 12 months the negative correlation (Oil goes up and USDCAD goes down) hasn't been very relevant. However, the last month has shown a strong negative correlation which is what one would look for.

Today, the oil price has pushed higher and not surprisingly XEG:TO (Canadian Energy Stocks) is also higher at the open this morning. The USDCAD response has been 40+ pips lower in the last 3+ hours.
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  • #14,556
  • Jan 11, 2018 11:29am Jan 11, 2018 11:29am
USD JPY

Waiting for BUY order to trigger at demand zone
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  • #14,557
  • Jan 11, 2018 11:30am Jan 11, 2018 11:30am
Quoting Thomas88
{quote} I do not understand neither. I took my DD on it.. "Everything can happen" Now i have to force myself not to sell it again.. However i think what we witness is pure SL hunting and lure in the buyers - buy stops. I may reenter, but only when i see reasonable PA to do so. Or i wont touch it. NU can be a bitc*
It's probably a matter of USD getting weaker across the board against majors perhaps with todays' poor figures.
Come with me if you want to live....
  • #14,558
  • Jan 11, 2018 11:32am Jan 11, 2018 11:32am
Quoting griffinssoul
{quote} .... 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
Many thanks for the clarification, It will be excellent if you could share some trades you took using this methodology. I will expect a good understanding of price movement is needed.

Cheers and green pips.
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #14,559
  • Jan 11, 2018 11:42am Jan 11, 2018 11:42am
Quoting jmn5611
{quote} So classy, are you going to pick a method? It has been noted that you float from thread to thread. Believe it or not you work hard, but you have not committed to any type of method. How are you going to trade?
thanks jmn for concern ..please check attached link ,i hope you will get your answer.

https://www.forexfactory.com/showthr...0#post10657180

https://www.forexfactory.com/showthr...7#post10657927
Say something meaningful or Silence!!
  • #14,560
  • Jan 11, 2018 11:56am Jan 11, 2018 11:56am
Quoting jmn5611
{quote} So classy, are you going to pick a method? It has been noted that you float from thread to thread. Believe it or not you work hard, but you have not committed to any type of method. How are you going to trade?
i most of the with my own method and than i visit davits thread and big e's thread because i love this 2 thread most because i love tms and specially tdi (i am addict!..lol) and i see you too so what is your answer and what is your motto ?i am sure you are not searching.....?
Say something meaningful or Silence!!
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