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Pivot Trading

  • #16,401
  • Edited 9:49pm Mar 22, 2018 9:34pm | Edited 9:49pm
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 thought it should be expected to be stronger than before for retails sales's forecast and we are making tons of money from it , From Monday till Wednesday .

It is very bullish forecast anyway .

And based on Davit's weekly insight for CAD correction too .

You have your point too , closing trade before the news event , as we can see the AUD Un/Employment's effect on chart . But all good before the events , price has followed the bullish forecast , and we are making tons of money from it .

Study case : for last week's NZD GDP's forecast to be bullish .

However , Davit was looking for a bigger picture to sell it .

The market reacted as expected to follow the green forecast , and the day before GDP`s event it started to fall . Everyone was making money on NzdUsd short on the day before GDP's event @R61 zone together with USD Feds fund rate's bullish forecast .

You are making sense here , no hard feelings everyone ...
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CHECK MY TE !
  • #16,402
  • Mar 22, 2018 10:04pm Mar 22, 2018 10:04pm
Its just magical how the pivots sometimes even align perfectly with important fib levels
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  • #16,403
  • Mar 22, 2018 11:54pm Mar 22, 2018 11:54pm
Quoting fantasydank
Its just magical how the pivots sometimes even align perfectly with important fib levels {image}
they are Fibonacci pivots.
  • #16,404
  • Edited 12:28am Mar 23, 2018 12:13am | Edited 12:28am
Quoting sniperdebt
Bullish ALT BAT, EW completed H&S, ABCD, small EW(wave 4 in development) in progress {image}

[Daily]
- ABCD completed, bear still in control.
- H4,Daily still bearish.

[H4]
- Possible cypher in progress, look left
- Divergence, TDI pointing up & approach(crossing)
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  • #16,405
  • Mar 23, 2018 12:25am Mar 23, 2018 12:25am
Good evening guys
I felt today that I perhaps with good intentions overstepped on others trading decisions.I am going to step back and let you guys do your thing.
Its your money after all.Rules are plainly stated on page 1 and I covered a lot sharing lot of myself and I think best I just let the cream rise to the top naturally.
Good luck
In trading, you have to be defensive and aggressive at the same time
  • #16,406
  • Mar 23, 2018 1:24am Mar 23, 2018 1:24am
Quoting Davit
{quote} know him well.He is Armenian like me but grew up in Russia.Greatest sea painter ever lived. Hovhannes Aivazian his real name but became Ivan Aivazovsky {image}
There's actually an exhibition of his paintings here in Tallinn right now till July. Never heard of him before but I'm not an art person .
  • #16,407
  • Mar 23, 2018 2:50am Mar 23, 2018 2:50am
Quoting Davit
{quote} Why you buying the EC?To me buying at 61S makes lot more sense if PA agrees but right now its kind of bla situation and bears still control it. Guys I am just surprised how simple rules are distorted and not fallowed then people post like "I lost 40% of my account" that's just makes me upset. Its clear on 1st page high probability zone. 38S does not qualify unless its ranging but that's not the situation now You could of added more on AN clearly was going up.Lots invested on EC should of been on AN Maximize build positions on higher probability...
Thanks Davit for correction, you're not harsh for me. Just so you must be so that things and this thread go in the right direction for a long time.
I apologize if I bothered this thread with my posts ... if I have to, I will have no problem to withdraw myself.
The road to success is always under construction !
  • #16,408
  • Mar 23, 2018 3:23am Mar 23, 2018 3:23am
Hi everyone,
EG:Closed 60% of my longs at S100 with +100 pips
EA:Reloading shorts from R61. Aiming for 1.57xx (it might take few weeks).
AN:Opened some longs at S38 for some quick bucks, now at BE.

Planning on entering CAD pairs after the news if i see an opportunity.
"Letting losses run is the most serious mistake made by most investors."W.O
  • #16,409
  • Mar 23, 2018 4:31am Mar 23, 2018 4:31am
Tried my hand at GBP/AUD for the first time. Have a stoploss in place below the last entry so trading free.
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  • #16,412
  • Mar 23, 2018 4:59am Mar 23, 2018 4:59am
Quoting aimsttrader
{quote} Yes you should quit trading .
I think not I asked your opinion
The road to success is always under construction !
  • #16,413
  • Mar 23, 2018 5:01am Mar 23, 2018 5:01am
Quoting aimsttrader
{quote} Yes you should quit trading .
I hope you are joking with that comment. We are all here to learn.

A complete waste of a post. Perhaps try and write something constructive next time.
  • #16,414
  • Mar 23, 2018 5:11am Mar 23, 2018 5:11am
Quoting aimsttrader
{quote} Yes you should quit trading .
It is not fair what you said. Do you think you are so good? We are all here to learn and and the more we learn from mistakes.
  • #16,415
  • Mar 23, 2018 5:46am Mar 23, 2018 5:46am
Quoting Ginio
{quote} It is not fair what you said. Do you think you are so good? We are all here to learn and and the more we learn from mistakes.
It's all a joke! Don't take life so seriously.

Of course, we're here to learn from each other.
  • #16,416
  • Mar 23, 2018 5:48am Mar 23, 2018 5:48am
Quoting Catalin68
{quote} I think not I asked your opinion
It is difficult to determine a change in trend.
Even though I did not fully agree with you last night, I enjoyed our battle of the minds.

And AC seems to be rising! Good call so far.
  • #16,417
  • Mar 23, 2018 6:43am Mar 23, 2018 6:43am
Quoting aimsttrader
{quote} Yes you should quit trading .
Hi Aimsttrader
Even as a joke that's pretty rude.I do expect an apology from you to him in public or private.
This threat will not tolerate belittling.
In trading, you have to be defensive and aggressive at the same time
  • #16,418
  • Mar 23, 2018 6:45am Mar 23, 2018 6:45am
Quoting Catalin68
{quote} I think not I asked your opinion
Sorry Catalin68 man .
CHECK MY TE !
  • #16,419
  • Mar 23, 2018 6:52am Mar 23, 2018 6:52am
focus today is on the CAD could be a mix bag red and green but both red would not be good for commodity pairs.
wait and see
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In trading, you have to be defensive and aggressive at the same time
  • #16,420
  • Mar 23, 2018 7:09am Mar 23, 2018 7:09am
Quoting aimsttrader
{quote} Sorry Catalin68 man .
Your apologies, accepted man



Quoting pgr45za
{quote} It is difficult to determine a change in trend. Even though I did not fully agree with you last night, I enjoyed our battle of the minds. And AC seems to be rising! Good call so far.
I also enjoyed ... the diversity of opinions is good

Now let's get back to our "sheep" ... CAD news is waiting for us to be read
The road to success is always under construction !
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