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Pivot Trading

  • #16,381
  • Mar 22, 2018 11:20am Mar 22, 2018 11:20am
Quoting pgr45za
{quote} why would you buy CAD before red cpi tomorrow? You do know it's expected to be weaker than before, right? That's just speculating ... Or are your betting that CAD will rise if retails sales perform well as expected?
Thanks for being aware of events and how that may effect price.This is the result that you have done your homework and know what's coming up.
In trading, you have to be defensive and aggressive at the same time
  • #16,382
  • Mar 22, 2018 11:22am Mar 22, 2018 11:22am
Quoting Davit
{quote} Thanks for being aware of events and how that may effect price.This is the result that you have done your homework and know what's coming up.
Davit, you are a tough teacher (that's why you are in sync with the market ... an even TOUGHER teacher).
Davit provides free advice with tons of patience ...

The market is not so kind and unforgiving.
  • #16,383
  • Mar 22, 2018 11:25am Mar 22, 2018 11:25am
Quoting pgr45za
{quote} why would you buy CAD before red cpi tomorrow? You do know it's expected to be weaker than before, right? That's just speculating ... Or are your betting that CAD will rise if retails sales perform well as expected?
I'm not good at betting, and I do not know where the EC will be ... but I know I saw an edge on that chart, and that's why I just have to play it.
It may be just a speculative position, I did not say that I hold it in the long run.
The road to success is always under construction !
  • #16,384
  • Mar 22, 2018 11:26am Mar 22, 2018 11:26am
one more to watch eur aud bearish butterfly @ week
davit pivot +harmonic pattern=awesome
Attached Image (click to enlarge)
Click to Enlarge Name: eur aud bearish butterfly @ week.png Size: 44 KB
Say something meaningful or Silence!!
  • #16,385
  • Mar 22, 2018 11:29am Mar 22, 2018 11:29am
Quoting classy
one more to watch eur aud bearish butterfly @ week davit pivot +harmonic pattern=awesome {image}
Most people don't have the discipline and the patience to hold an EA short for months to capitalize of this trade suggestion.

Also, harmonics are great ... BUT ... they can extend for a long time and stop you out.
I have found that we need to complement them with Fib analysis, retracements expecially.
  • #16,386
  • Mar 22, 2018 11:33am Mar 22, 2018 11:33am
Quoting pgr45za
{quote} Most people don't have the discipline and the patience to hold an EA short for months to capitalize of this trade suggestion. Also, harmonics are great ... BUT ... they can extend for a long time and stop you out. I have found that we need to complement them with Fib analysis, retracements expecially.
you cant trade only based on harmonic pattern you must check bearish /bullish evidence before trade .i see davit pivot set up i mean reversal ratios +harmonic pattern works like a charm..imho
Say something meaningful or Silence!!
  • #16,387
  • Mar 22, 2018 12:10pm Mar 22, 2018 12:10pm
AC looks to be a nice set up.
I love Harmonics as well, just another add to already prepared plan.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD.png Size: 48 KB


One Cypher is ready and one is setting up, one leg left
  • #16,388
  • Mar 22, 2018 12:19pm Mar 22, 2018 12:19pm
Quoting taksistalo
AC looks to be a nice set up. I love Harmonics as well, just another add to already prepared plan. {image} One Cypher is ready and one is setting up, one leg left
AC still bearish PA.
  • #16,389
  • Mar 22, 2018 12:50pm Mar 22, 2018 12:50pm
Stock market in US in freefall on the prospect of a tradewar.

Just a thought: if the stock market keeps falling like this, Trump's support by shareowners (a lot of them are Republican) will go bye bye as well.
  • #16,390
  • Mar 22, 2018 1:06pm Mar 22, 2018 1:06pm
Quoting pgr45za
{quote} AC still bearish PA.
You are Toma the unbeliever ... is it really so hard for you to see ?!
Attached Image (click to enlarge)
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As I see, you're "good enough" to give lessons to everyone ... but your results where are they, because I have not found this thread before?!
So I can be ironic (acid) with you ... you provoked me

Do not bother to answer!

Cheers
The road to success is always under construction !
  • #16,391
  • Mar 22, 2018 1:15pm Mar 22, 2018 1:15pm
Quoting Catalin68
{quote} You are Toma the unbeliever ... is it really so hard for you to see ?! {image} As I see, you're "good enough" to give lessons to everyone ... but your results where are they, because I have not found this thread before?! So I can be ironic (acid) with you ... you provoked me Do not bother to answer! Cheers
I sincerely wish you the best. May you make bank.

Does this look bullish to you? Yes, it's the same pair.

PS - TDI divergence on H1 doesn't impress me much
Attached Image (click to enlarge)
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  • #16,392
  • Mar 22, 2018 1:26pm Mar 22, 2018 1:26pm
Quoting Catalin68
{quote} You are Toma the unbeliever ... is it really so hard for you to see ?! {image} As I see, you're "good enough" to give lessons to everyone ... but your results where are they, because I have not found this thread before?! So I can be ironic (acid) with you ... you provoked me Do not bother to answer! Cheers
it was a good place to buy. even if it's supposed to be a quick scalp....

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if you're doing we all have results with all
  • #16,393
  • Mar 22, 2018 1:28pm Mar 22, 2018 1:28pm
Quoting pgr45za
{quote} I sincerely wish you the best. May you make bank. Does this look bullish to you? Yes, it's the same pair. PS - TDI divergence on H1 doesn't impress me much {image}
Lol check Monthly looks Bullish =))))) It has many factors, major trend line touch, low pivot point, Cypher formed, double bottom forming =)

I'm in secure position now, if it goes against I will have no loss =)

Plus daily candle didn't finish forming yet =)
  • #16,394
  • Mar 22, 2018 1:35pm Mar 22, 2018 1:35pm
Quoting pgr45za
{quote} I sincerely wish you the best. May you make bank. Does this look bullish to you? Yes, it's the same pair. PS - TDI divergence on H1 doesn't impress me much {image}
Because the marked area has been a strong resistance area in the past ... now we have a support, as long as it is not broken.
Attached Image (click to enlarge)
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That's what you say ?! ... the same is bearish?
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The road to success is always under construction !
  • #16,395
  • Mar 22, 2018 1:41pm Mar 22, 2018 1:41pm
Quoting taksistalo
{quote} Lol check Monthly looks Bullish =))))) It has many factors, major trend line touch, low pivot point, Cypher formed, double bottom forming =) I'm in secure position now, if it goes against I will have no loss =) Plus daily candle didn't finish forming yet =)
You may get a decent bounce, but that monthly candle looks bearish af.

Attached Image (click to enlarge)
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Trade with confidence, trade without fear.
  • #16,396
  • Mar 22, 2018 2:12pm Mar 22, 2018 2:12pm
Attached Image (click to enlarge)
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From p1 - When price goes thru 100 level we might be in a new trend.
  • #16,397
  • Mar 22, 2018 2:15pm Mar 22, 2018 2:15pm
78.6 fibo level needs to hold for you to be right. So in conclusion it seems to me we can both be right: it's too early to tell.
Attached Image (click to enlarge)
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  • #16,398
  • Mar 22, 2018 2:35pm Mar 22, 2018 2:35pm
Quoting pgr45za
78.6 fibo level needs to hold for you to be right. So in conclusion it seems to me we can both be right: it's too early to tell. {image}
If it is too early for you ... I have already begun
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADH1.png Size: 45 KB
The road to success is always under construction !
  • #16,399
  • Mar 22, 2018 2:46pm Mar 22, 2018 2:46pm
Quoting Catalin68
{quote} If it is too early for you ... I have already begun {image}
at the very least I would wait for a close above this descending TL and even then there will probably be a BE followed by a kiss.
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  • #16,400
  • Mar 22, 2018 3:31pm Mar 22, 2018 3:31pm
Quoting pgr45za
{quote} at the very least I would wait for a close above this descending TL and even then there will probably be a BE followed by a kiss. {image}
i know it might be working for you now, but for me trendlines are most of the time a noisy indicator, it influences alot your position in the trade, not always positively.
"Letting losses run is the most serious mistake made by most investors."W.O
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