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Pivot Trading

  • #14,721
  • Jan 17, 2018 6:22pm Jan 17, 2018 6:22pm
DISCIPLINE CAN GET YOU PIPS

https://goo.gl/XYSJa4

Green pips everyone!
Plan your trade and Trade your plan.
  • #14,722
  • Jan 17, 2018 6:35pm Jan 17, 2018 6:35pm
Quoting dab
{quote} Davit's advice was a very good suggestion, however it is worth noting that people have different dominate learning styles. Some are visual, some auditory, some kinesthetic (learn by doing) and some read/write. If you don't know what you are it's worth finding out and tailoring an aid to your style. Quick google search gives you some more info about the learning styles and how to tell which you are eg https://www.google.de/search?ei=ZNJf....0.C9DMPNPmX48...
I agree with you but figured pink paper staring at you is better then nothing.I know it gets my attention.
As far as learning in general agree everyone is different.
cheers
In trading, you have to be defensive and aggressive at the same time
  • #14,723
  • Jan 17, 2018 6:37pm Jan 17, 2018 6:37pm
AUD job is unconvincing.They added mere 34.7k jobs probably part time workers but unemployment increased.

Still selling AUD this should hit below 77 this quarter
Heavy short on AJ and AU

NU tanking like ballerina
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In trading, you have to be defensive and aggressive at the same time
  • #14,724
  • Jan 17, 2018 6:37pm Jan 17, 2018 6:37pm
Attached Image (click to enlarge)
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back in for AU

will wait for AN to peak and give me a reason
I will get my head around this, but always can be wrong
  • #14,725
  • Jan 17, 2018 6:46pm Jan 17, 2018 6:46pm
Quoting nimtrader
{image} back in for AU will wait for AN to peak and give me a reason
follow system rules AN if its not in the zone leave it alone.Look another set up
In trading, you have to be defensive and aggressive at the same time
  • #14,726
  • Jan 17, 2018 6:49pm Jan 17, 2018 6:49pm
Consolidation or conjunction (whichever you like) on EJ

Very probable MM try to reach 61R before dumping this
Notice the beauty of the anglator tool developed by our friend Griffinsoul and his team clearly shows sideways black all time periods.That's just beautiful.
Its almost idiot proof

I have this as my next big trade opertunity.Tracking it closely
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In trading, you have to be defensive and aggressive at the same time
  • #14,727
  • Jan 17, 2018 6:54pm Jan 17, 2018 6:54pm
will keep an eye on EJ
it would be nice to get those pips back from about 6 weeks ago
I will get my head around this, but always can be wrong
  • #14,728
  • Jan 17, 2018 6:55pm Jan 17, 2018 6:55pm
Quoting nimtrader
will keep an eye on EJ it would be nice to get those pips back from about 6 weeks ago
AJ still has lot of juice left.MY TP is 87
In trading, you have to be defensive and aggressive at the same time
  • #14,729
  • Jan 17, 2018 6:57pm Jan 17, 2018 6:57pm
slowly unfolding
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The only thing that will make us successful is if we can control ourselves!
  • #14,730
  • Jan 17, 2018 6:58pm Jan 17, 2018 6:58pm
Quoting pabuuu
slowly unfolding {image} {image}
nice patience pays off
In trading, you have to be defensive and aggressive at the same time
  • #14,731
  • Jan 17, 2018 6:59pm Jan 17, 2018 6:59pm
Quoting Opayq
DISCIPLINE CAN GET YOU PIPS https://goo.gl/XYSJa4 Green pips everyone!
Hi Friend could you if possible show those trades on my template? Just like to see so we can all learn.
thank you
In trading, you have to be defensive and aggressive at the same time
  • #14,732
  • Jan 17, 2018 7:19pm Jan 17, 2018 7:19pm
Quoting jenbols
Many thanx to Davit for the precious hints, it took me a while to read most thread pages but it has been worthwhile Having dealt with Auto System for quite some time, i had forgotten some essential and realistic key points about currencies_ and it was nice to re-discover them on here_ Started with NzdUsd/UsdChf {image}
welcome to the real world
if you're doing we all have results with all
  • #14,733
  • Jan 17, 2018 7:24pm Jan 17, 2018 7:24pm
Some fundamentals on AUD


Downside risks for the economy
Key downside risks center around uncertainty and weakness in household consumption.
The following factors are restricting Australian household consumption growth:

  1. Weak wages growth – Low productivity growth, under utilization of the workforce and technological changes are weighing down wages growth prospects.
    Weak wages growth drags on household consumption (impacting business conditions for firms reliant on domestic consumption), inflation outcomes and expectations.
  2. Financial instability – A decade of rising housing prices, low interest rates and easy credit has resulted in Australia carrying one of the highest household debt-to-GDP ratios in the world.
    Sudden upward changes to interest rates, arising from global and domestic factors, could have adverse impacts on debt serviceability and economic growth.
    High household debt also weighs down on household consumption.

Household consumption
Household consumption is an area of uncertainty.
Retail trade, a proxy for household consumption, is cyclical, but the trend has been a decline from 1986 to the present.
The sector has been a particular area of weakness in the Australian economy since 2016, and the decline appears to be continuing.
Factors that have exacerbated this trend are digitization (shift to online shopping and overseas competitors) and increasing competition and price pressures.
Contributors to low household consumption measured by retail trade include low wages growth and high household debt.

Add to above Chinese economy expected to contract in 2018 and with it decline of iron ore prices (China buys bulk of Aussie iron ore)
then we got shaky situation that RBA may cut further not increase rate.

In trading, you have to be defensive and aggressive at the same time
  • #14,734
  • Jan 17, 2018 7:33pm Jan 17, 2018 7:33pm
Quoting Opayq
DISCIPLINE CAN GET YOU PIPS https://goo.gl/XYSJa4 Green pips everyone!
is that a binary options profit??
I will get my head around this, but always can be wrong
  • #14,735
  • Edited Jan 18, 2018 1:24am Jan 17, 2018 9:50pm | Edited Jan 18, 2018 1:24am
Quoting Davit
{quote} Hi Friend could you if possible show those trades on my template? Just like to see so we can all learn. thank you
Here you go sir....

61 S/R key zone 78R/S is Scott Carney's last chance for reversal (spikes stops taken before reversal) 100R/S another major zone.
Should price smash 100 S/R then you are in strong trend supported by fundamentals.
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Plan your trade and Trade your plan.
  • #14,736
  • Jan 18, 2018 12:42am Jan 18, 2018 12:42am
AN is in range and could test space between 38-61S
I may go long there
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In trading, you have to be defensive and aggressive at the same time
  • #14,737
  • Jan 18, 2018 2:24am Jan 18, 2018 2:24am
Quoting fibo38
UJ {image}
I'm in also.

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  • #14,738
  • Jan 18, 2018 5:19am Jan 18, 2018 5:19am
Quoting dab
{quote} Davit's advice was a very good suggestion, however it is worth noting that people have different dominate learning styles. Some are visual, some auditory, some kinesthetic (learn by doing) and some read/write. If you don't know what you are it's worth finding out and tailoring an aid to your style. Quick google search gives you some more info about the learning styles and how to tell which you are eg https://www.google.de/search?ei=ZNJf....0.C9DMPNPmX48...
Thanks Dab!

appreciate your toughts. Now i feel i am in the finish line regarding trading! This thread was a major aid for me! (inspiring members, Davit's no bullshit approach, valid results etc).

I found a really good video, which will help me overcome my unaware and undisciplined actions!

@Davit - worth to check it out, it was shocking to hear EXACTLY the same principles from Tom Dante as you have!!

Have a nice day for all!
  • #14,739
  • Jan 18, 2018 5:34am Jan 18, 2018 5:34am
Watching GU. Should present selling opportunity. Not forcing it.

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  • #14,740
  • Jan 18, 2018 5:35am Jan 18, 2018 5:35am
Quoting Opayq
{quote} Here you go sir.... 61 S/R key zone 78R/S is Scott Carney's last chance for reversal (spikes stops taken before reversal) 100R/S another major zone. Should price smash 100 S/R then you are in strong trend supported by fundamentals. {image}
Wow, i never took under consideration it not just mean to close the shorts above 100, but go long. (however im not sure i would dare to trade it)
Would you please write a brief description about the picture -
What does the arrows represents?
Where have you pulled the trigger?

Many thanks for the videos you made too, inspiring as hell!
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