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Pivot Trading

  • #15,181
  • Feb 7, 2018 12:39pm Feb 7, 2018 12:39pm
Just check how the price is respecting R and S and how many opportunities are every day. Since yesterday NC altogether +1500 pips more or less
Attached Image (click to enlarge)
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The only thing that will make us successful is if we can control ourselves!
  • #15,182
  • Feb 7, 2018 12:40pm Feb 7, 2018 12:40pm
Quoting jenbols
{quote} HI Friend, i have been dealing with Ea's/Pins/Robots.. whatever, for 18 months, 12 hours per day whenever i was free_ ,,,And they are nice to use, yes .. but one common patterns emerged from all those Automated tools... and the truth is I don't want an Ea to stop me when i am in profit and i don't fancy a Robot to tell me when to Enter... Every pair is different and every situation too_ Human mind is amazing and doing it only By chart reading enhances our capacity to quickly reacts to anything on chart and take decisions_ If Robot think...
I appreciate your answer and totally agree with everything you've said

in fact, what I was looking for is more of a way to close all the open positions on a particular pair at once... sorry if I'm not clear, maybe because english is not my main language so I will take Davit'S NZDCAD trade in example

he had something like 10 open positions and when news like this happen I wondered if he had a trick to close all of it with one click or something...

not my intention to robotize or program the trading

thanks for your time Jen
  • #15,183
  • Feb 7, 2018 12:43pm Feb 7, 2018 12:43pm
Quoting pabuuu
Just check how the price is respecting R and S and how many opportunities are every day. Since yesterday NC altogether +1500 pips more or less {image}
Great job my friend keep it up.I am happy lot of traders trading my system are making money.After 2yrs its still going strong.
After a while it should almost become intuitive.

After press conference AN may shoot even higher but not sure about NU going lower.Leaving NU alone for now.
In trading, you have to be defensive and aggressive at the same time
  • #15,184
  • Feb 7, 2018 12:52pm Feb 7, 2018 12:52pm
Statement by Reserve Bank Governor Grant Spencer:
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent.
Global economic growth continues to improve. While global inflation remains subdued, there are some signs of emerging pressures. Commodity prices have increased, although agricultural prices are relatively soft. International bond yields have increased since November but remain relatively low. Equity markets have been strong, although volatility has increased recently. Monetary policy remains easy in the advanced economies but is gradually becoming less stimulatory.
The exchange rate has firmed since the November Statement, due in large part to a weak US dollar. We assume the trade weighted exchange rate will ease over the projection period.
GDP growth eased over the second half of 2017 but is expected to strengthen, driven by accommodative monetary policy, a high terms of trade, government spending and population growth. Labour market conditions continue to tighten. Compared to the November Statement, the growth profile is weaker in the near term but stronger in the medium term.
The Bank has revised its November estimates of the impact of government policies on economic activity based on Treasury’s HYEFU. The net impact of these policies has been revised down in the near term. The Kiwibuild programme contributes to residential investment growth from 2019.
House price inflation has increased somewhat over the past few months but housing credit growth continues to moderate.
Annual CPI inflation in December was lower than expected at 1.6 percent, due to weakness in manufactured goods prices. While oil and food prices have recently increased, traded goods inflation is projected to remain subdued through the forecast period. Non-tradable inflation is moderate but expected to increase in line with increasing capacity pressures. Overall, CPI inflation is forecast to trend upwards towards the midpoint of the target range. Longer-term inflation expectations are well anchored at 2 percent.
Monetary policy will remain accommodative for a considerable period. Numerous uncertainties remain and policy may need to adjust accordingly.

Sounds bearish for NZD to me and a Reserve Bank that will be more reactive than proactive.
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #15,185
  • Feb 7, 2018 12:54pm Feb 7, 2018 12:54pm
Quoting Davit
{quote} Great job my friend keep it up.I am happy lot of traders trading my system are making money.After 2yrs its still going strong. After a while it should almost become intuitive. After press conference AN may shoot even higher but not sure about NU going lower.Leaving NU alone for now.

Thanks Davit, hopefully will get there as well and be able to work from home. The system is brilliant and perfectly laid out. If there is an issue it lays in 99% in the trader and is mostly psychological. I will not say that I am not struggling sometimes and the greed and emotions take over but fighting it as we are not perfect beings.

Hopefully will manage to stay awake and participate in the market too if not I still made a decent profit today.
Stay strong everyone.
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The only thing that will make us successful is if we can control ourselves!
  • #15,186
  • Feb 7, 2018 12:58pm Feb 7, 2018 12:58pm
Quoting TamRoofer
{quote} I appreciate your answer and totally agree with everything you've said in fact, what I was looking for is more of a way to close all the open positions on a particular pair at once... sorry if I'm not clear, maybe because english is not my main language so I will take Davit'S NZDCAD trade in example he had something like 10 open positions and when news like this happen I wondered if he had a trick to close all of it with one click or something... not my intention to robotize or program the trading thanks for your time Jen
Nahh it's ok i know on forum is always hard to understands well when we write ... and you sound like a nice person_
if you need some scripts like the photo below then there are some and
i can send them via pm to you ..
or check here ,, Post 1 you find all you need i am sure_
i cannot post them here not to mess up the thread_
Attached Image
The arriving better than the arrival, the journey has just started
  • #15,187
  • Feb 7, 2018 1:07pm Feb 7, 2018 1:07pm
Quoting jenbols
{quote} Nahh it's ok i know on forum is always hard to understands well when we write ... and you sound like a nice person_ if you need some scripts like the photo below then there are some and i can send them via pm to you .. or check here ,, Post 1 you find all you need i am sure_ i cannot post them here not to mess up the thread_ {image}
thank you very much, I will look into this!
  • #15,188
  • Feb 7, 2018 4:52pm Feb 7, 2018 4:52pm
profit this month so far $132 in an A/c worth $300
no losses so far this month
open trades AJ AN
I will get my head around this, but always can be wrong
  • #15,189
  • Feb 7, 2018 6:05pm Feb 7, 2018 6:05pm
I see that some traders went after the NZD/CAD with a great result !!! Excellent.
Anyone looking at shorting the USD/CAD ? Very similar chart , PP is petty much the same. Being from Canada , I guess that I just have a "mental block" on this one even though I am a huge fan of Mark Douglas.
Anybody ?
Regards ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #15,190
  • Feb 7, 2018 7:06pm Feb 7, 2018 7:06pm
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thanks I hadn't noticed it
make your own mind up but I've put a small one in to spread my chances
I will get my head around this, but always can be wrong
  • #15,191
  • Feb 7, 2018 7:43pm Feb 7, 2018 7:43pm
Closed AN +520
I anticipate AU dropping below 78 so getting out.May not be the case but I am happy with the results.
also the fact ADR is overstretched.
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In trading, you have to be defensive and aggressive at the same time
  • #15,192
  • Edited 8:17pm Feb 7, 2018 7:56pm | Edited 8:17pm
thankyou was thinking it was looking toppy
and could give a good AU postion and another AJ
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in the zone as well
and I just noticed CJ
I will get my head around this, but always can be wrong
  • #15,193
  • Feb 7, 2018 8:18pm Feb 7, 2018 8:18pm
Quoting nimtrader
thankyou was thinking it was looking toppy and could give a good AU postion and another AJ {image} in the zone as well
sentiment is shifting to USD bull and I would suggest trade none USD pairs for awhile.
EU is still bloated and could drop easily another 100pips
In trading, you have to be defensive and aggressive at the same time
  • #15,194
  • Feb 7, 2018 8:20pm Feb 7, 2018 8:20pm
watch EA typical head and shoulder formation.

How to trade crosses
EA is EU+AU
Now EU is at 100S and AU breaking 61S going to 78S which means higher probability EA going higher still
So you wait to see which side wins EU or AU then attack.I always check where majors are when trading crosses
Since we already know EA is closer to 61R our decisions is easier as to what to do short EA
I hope you guys followed me on this.So we already know we want to short EA now its a question of timing it correctly hence why I tried explaining it.
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In trading, you have to be defensive and aggressive at the same time
  • #15,195
  • Feb 7, 2018 8:32pm Feb 7, 2018 8:32pm
AJ beautiful none USD set up possibility.Real oversold
Attached Image(s) (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #15,196
  • Edited 9:51pm Feb 7, 2018 8:36pm | Edited 9:51pm
I'll use it as a study case
I've done really well this week
not in a hurry to pick up more postions than my AJ & CJ atm
the harmonics makes me feel even better about the AJ
I will get my head around this, but always can be wrong
  • #15,197
  • Feb 7, 2018 9:29pm Feb 7, 2018 9:29pm
AJ +194 quick $$ might jump back in once drops a bit.
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In trading, you have to be defensive and aggressive at the same time
  • #15,198
  • Feb 7, 2018 9:49pm Feb 7, 2018 9:49pm
I'm hoping it goes to pivot over the next couple of days
I will get my head around this, but always can be wrong
  • #15,199
  • Feb 8, 2018 3:59am Feb 8, 2018 3:59am
tic toc looking watch ,,about to come out
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The arriving better than the arrival, the journey has just started
  • #15,200
  • Feb 8, 2018 4:08am Feb 8, 2018 4:08am
It was fun, the real trade will come after the news
when all settles down _
prices nicely bounces on S38, GU
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The arriving better than the arrival, the journey has just started
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