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Pivot Trading

  • #15,681
  • Edited 12:37pm Feb 27, 2018 9:45am | Edited 12:37pm
Quoting Recruit
Hey traders, i want to share with you short outlook on nicely developed NZDCAD. I am not sure about posting this kind of analysis here, @Davit correct me, if you dont want this here for the next time. We can see we have finnished bullish bat pattern target to the pip. (CD leg- 61.8fib ). It was the right place to place a sell (theoretically). I was a bit quicker and entered a bit earlier, as i was looking on pivots resistances and structure. Anyway hitting the 61.8fib gave us another nice pattern, bearish shark, which gives us nice opportunity to...

Entering TP1 on NZDUSD guys.
Lets squeeze some juice from it.

CLOSED there, after bounce, reload again.
  • #15,682
  • Edited Feb 28, 2018 6:37am Feb 27, 2018 10:21am | Edited Feb 28, 2018 6:37am
EA S 150+ points still hold
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Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #15,683
  • Feb 27, 2018 11:39am Feb 27, 2018 11:39am
Its obvious guys who pay attention and do put effort make money here.There is a pattern.People who don't put effort and prefer spoon feeding don't make money and get thrown out of here.
BS will not be tolerated.For idiots asking questions let me enlighten you there is search function on this thread and chances are your questions have been answered more dozen times.

Closed another short on AC
+180
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In trading, you have to be defensive and aggressive at the same time
  • #15,684
  • Feb 27, 2018 11:45am Feb 27, 2018 11:45am
looked tempting so i entered long
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  • #15,685
  • Feb 27, 2018 11:55am Feb 27, 2018 11:55am
Can someone tell me what's the most important event in 6hrs?I want to know if you guys paying attention or sleepwalking here.
Come on guys its on calendar on my template!!!
In trading, you have to be defensive and aggressive at the same time
  • #15,686
  • Feb 27, 2018 12:14pm Feb 27, 2018 12:14pm
Quoting Davit
Can someone tell me what's the most important event in 6hrs?I want to know if you guys paying attention or sleepwalking here. Come on guys its on calendar on my template!!!
Hello sir DAVIT.
ANZ business confedence .aftr 6hrs
  • #15,687
  • Feb 27, 2018 12:15pm Feb 27, 2018 12:15pm
Quoting Davit
Can someone tell me what's the most important event in 6hrs?I want to know if you guys paying attention or sleepwalking here. Come on guys its on calendar on my template!!!

NZD Business Confidence
We obey the structure that results from the market's reaction
  • #15,688
  • Edited 12:36pm Feb 27, 2018 12:18pm | Edited 12:36pm
most important event in 6hrs imho =

Private Sector Credit (YoY) Link
The Private Sector Credit released by the Reserve Bank of Australia is an amount of money that the Australian private sector borrows. It shows if the private sector can afford large expenses, which can fuel economic growth. It is considered as an indicator of business conditions and the overall economic condition in Australia. Generally, a high reading is seen as positive (or Bullish) for the AUD, whereas a low reading is seen as negative.
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da n0o0b + $hit_Disturber
  • #15,689
  • Feb 27, 2018 12:26pm Feb 27, 2018 12:26pm
Quoting Davit
Can someone tell me what's the most important event in 6hrs?I want to know if you guys paying attention or sleepwalking here. Come on guys its on calendar on my template!!!

Hello Davit, This provides me an opportunity to convey to you my sincere thanks for all that you have done and continue doing to help the traders still struggling to be successful in their trading. Your forum is just Priceless.

Regarding your question, at 7.00 pm EST today, there is a red label news out of New Zealand about the Business Confidence. Any major deviation from the expected figures could move the price significantly. As a precaution, I would reduce my exposure to the NZD pairs substantially, well before the news.

Of course, your views on this would be of invaluable help and guidance.

Thanks and regards,

Kartar
  • #15,690
  • Feb 27, 2018 12:37pm Feb 27, 2018 12:37pm
Quoting asi
{quote} Hello sir DAVIT. ANZ business confedence .aftr 6hrs
Correct
Quoting minortrader
{quote} Hello Davit, This provides me an opportunity to convey to you my sincere thanks for all that you have done and continue doing to help the traders still struggling to be successful in their trading. Your forum is just Priceless. Regarding your question, at 7.00 pm EST today, there is a red label news out of New Zealand about the Business Confidence. Any major deviation from the expected figures could move the price significantly. As a precaution, I would reduce my exposure to the NZD pairs substantially, well before the news. Of course, your...
Correct

You welcome and thank you.I am short on NC and will continue on.In my opinion it will be green but will not have effect.That's just based on green data that came out yesterday on trade and right after NZD got sold off( see pic under).May not be same scenario however NZD is overbought in general and should decline.

The reason I asked because I want everyone who trades my system to be aware about the events always! This is most professional attitude you can cultivate in your approach to trading.You must know what's coming up so you make appropriate decisions.
Should become second nature.
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In trading, you have to be defensive and aggressive at the same time
  • #15,691
  • Feb 27, 2018 12:45pm Feb 27, 2018 12:45pm
When I say I hummer swings and trends AC today is good example.
I got in took profit waited for bounce and hummered it again took profit and got in again.
I basically maximized my profits.

Did the same all month on EA and NU
So its not about trading 30 pairs its finding few good set ups and sticking with it until its no longer any value left. I took today 30+trades on AC but someone else could of taken 30 trades on 30pairs.In my view I have better edge because I am focused on miking 1 pair with 30 trades.You guys understand correct?
Find good set up and build positions

Recruit did it on NC and NU real well and the guy just started trading my system
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In trading, you have to be defensive and aggressive at the same time
  • #15,692
  • Feb 27, 2018 12:50pm Feb 27, 2018 12:50pm
Another useful tool https://www.mataf.net/en/forex/tools/correlation
  • #15,693
  • Feb 27, 2018 12:55pm Feb 27, 2018 12:55pm
Quoting pipsy7
most important event in 6hrs imho = Private Sector Credit (YoY) Link The Private Sector Credit released by the Reserve Bank of Australia is an amount of money that the Australian private sector borrows. It shows if the private sector can afford large expenses, which can fuel economic growth. It is considered as an indicator of business conditions and the overall economic condition in Australia. Generally,...
That's not the one Pipsy7 its minor news very low impact but thank you anyway
In trading, you have to be defensive and aggressive at the same time
  • #15,694
  • Edited 2:27pm Feb 27, 2018 12:58pm | Edited 2:27pm
Trades today, not to greedy as end of the month always tricky for me Total of around +350 gain
Have a good evening lads
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The only thing that will make us successful is if we can control ourselves!
  • #15,695
  • Feb 27, 2018 1:02pm Feb 27, 2018 1:02pm
Quoting pabuuu
Trades today, not to greedy as end of the month always tricky for me Total of around 350 pips gain Have a good evening lads {image} {image} {image}
Good job friend.Its important we distinguish points VS pips. A pip is 1 standard lot. I usually mention just points or just put the +number
By saying 350 pips you are saying you made $3500 today which is very unlikely.
Thank you and keep up the good work
In trading, you have to be defensive and aggressive at the same time
  • #15,696
  • Feb 27, 2018 1:08pm Feb 27, 2018 1:08pm
Hi Mate,

What's a Pivot?

Haha just kidding, do you remember we chatted years ago about which trading books I liked?
I love your thread, especially how you handle certain posts, VERY entertaining.
Keep up the great work and best wishes in your trading.
Cheers,
JD
  • #15,697
  • Feb 27, 2018 1:09pm Feb 27, 2018 1:09pm
When you want to take trading professionaly you have to do something for it. I love to trade AUD,NZD,CAD ect., but most of important news are usually released in early morning of my time. So eg. i go sleep 22:30 pm, wake up 1:30 am for lets say 20 min, go back sleep, and wake up 05:00 am to work. (same case will be tonight)..

But as one guy said: "no sacrifice no victory"
I even started to study macro-economy book some weeks ago, because there is never enough of learning new things. And believe me, its quite hard for me as mechanical engineer and designer. But point is, i love trading and take it as my passion. "Trading in the zone" is my bible and macroeconomic calendar is always necessity.

Still feel inside, this is just the beginning, but well stepped out.
  • #15,698
  • Feb 27, 2018 1:11pm Feb 27, 2018 1:11pm
EC
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  • #15,699
  • Feb 27, 2018 1:12pm Feb 27, 2018 1:12pm
Quoting Hyperion
Hi Mate, What's a Pivot? Haha just kidding, do you remember we chatted years ago about which trading books I liked? I love your thread, especially how you handle certain posts, VERY entertaining. Keep up the great work and best wishes in your trading. Cheers, JD
Hi friend I remember you!Thanks for drop by
Hyperion you are welcome to trade here! I love to have mature experienced traders here.Elevates everyone's game!
In trading, you have to be defensive and aggressive at the same time
  • #15,700
  • Feb 27, 2018 1:16pm Feb 27, 2018 1:16pm
Quoting fantasydank
EC {image}
that's beautiful as beautiful as Ducati PS1000LE
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In trading, you have to be defensive and aggressive at the same time
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