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  • #17,261
  • Apr 13, 2018 8:40am Apr 13, 2018 8:40am
NU shorting as it is overbrought and I am seeing divergance from R78 to R100, I am currently long UC and still short the GU.

My EU trade I take profit at R38.

Massive Thank you to davits for your great system, learn alot this week and improving on a weekly bases have a great weekend Guys
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  • #17,262
  • Apr 13, 2018 8:41am Apr 13, 2018 8:41am
Quoting Davit
{quote} its the best free therapy.One ride and your head is cleared but none riders will never understand.... Its like riding a horse if never done it then you'll never get it.
I have ridden a lot of horses. I am opposed to motorcycles generally because of the trauma it causes in an accident. It take a lot of work in the negative direction to be thrown from a properly broken horse.
If you are good at something, never do it for free--Joker
  • #17,263
  • Apr 13, 2018 8:44am Apr 13, 2018 8:44am
i'm good riding with my bike.
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  • #17,264
  • Apr 13, 2018 8:44am Apr 13, 2018 8:44am
Closed AU +422
Decent profit ! Take what market gives...understand the circumstance...
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In trading, you have to be defensive and aggressive at the same time
  • #17,265
  • Apr 13, 2018 8:47am Apr 13, 2018 8:47am
Quoting josh11
NU shorting as it is overbrought and I am seeing divergance from R78 to R100, I am currently long UC and still short the GU. My EU trade I take profit at R38. Massive Thank you to davits for your great system, learn alot this week and improving on a weekly bases have a great weekend Guys {image}
good going keep building that account
In trading, you have to be defensive and aggressive at the same time
  • #17,266
  • Apr 13, 2018 8:51am Apr 13, 2018 8:51am
Not bad week for me.Still running positive trades on NU UC will let this go next week AN is picking up and AC is looking good.
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In trading, you have to be defensive and aggressive at the same time
  • #17,267
  • Apr 13, 2018 9:18am Apr 13, 2018 9:18am
Quoting Davit
Not bad week for me.Still running positive trades on NU UC will let this go next week AN is picking up and AC is looking good. {image}
Wow!!! Just incredible well done mate and well earned
  • #17,268
  • Apr 13, 2018 11:39am Apr 13, 2018 11:39am
GU and AU daily: shooting star with long upper shadow fixed in R161. I think it's worth tracking next week!
I wish everyone a nice weekend

Cheers,

Gina
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  • #17,269
  • Apr 13, 2018 2:08pm Apr 13, 2018 2:08pm
Quoting Davit
Not bad week for me.Still running positive trades on NU UC will let this go next week AN is picking up and AC is looking good. {image}
Add NJ S to the list.
  • #17,270
  • Apr 13, 2018 6:17pm Apr 13, 2018 6:17pm
Quoting Davit
{quote} its the best free therapy.One ride and your head is cleared but none riders will never understand.... Its like riding a horse if never done it then you'll never get it.
So true, I've had both and miss them... great therapy... I've often compared riding a horse to riding a motorcycle and that I must always respect them, because the minute I think I've mastered them I become more likely to get hurt... I think trading could be compared to them also, in that no matter how much or how good I get at it, I must always respect it...
  • #17,271
  • Apr 13, 2018 6:19pm Apr 13, 2018 6:19pm
Quoting Davit
Not bad week for me.Still running positive trades on NU UC will let this go next week AN is picking up and AC is looking good. {image}
Good work Davit!
  • #17,272
  • Apr 13, 2018 8:57pm Apr 13, 2018 8:57pm
Quoting BSFilter
{quote} Trumps not the only one in this tho. France has already said they're prepared to strike. May has called a cabinet meeting to discuss a UK strike. Israel said this week that they believe Syria is producing chemical weps. And Germany, whilst not getting directly involved (as usual) has backed any action taken by the allies. All it takes is for one stray missile to take out some Russian troops in Syria and........ As you say, it may not happen and I hope it doesn't. But my risk meter is going off so I'm personally lightening my load...
Hey BSFilter... your worst fears has come true, so to speak...! Hope this doesn't escalate to worse levels..! The small position sizes.. will not affect, whatever fluctuations happen in the market. Trade safe.... everyone.
  • #17,273
  • Apr 13, 2018 9:10pm Apr 13, 2018 9:10pm
Quoting vinforex7
{quote} Hey BSFilter... your worst fears has come true, so to speak...! Hope this doesn't escalate to worse levels..! The small position sizes.. will not affect, whatever fluctuations happen in the market. Trade safe.... everyone.
Yup, one time I'm sorry I was right ! But everything seemed to be lining up in this direction. I had a feeling it might be today so was watching news live as it happened.

Let's hope that cooler heads will prevail in the coming days.

Going to be a crazy day on Monday!!
  • #17,274
  • Apr 13, 2018 10:26pm Apr 13, 2018 10:26pm
Quoting BSFilter
{quote} Yup, one time I'm sorry I was right ! But everything seemed to be lining up in this direction. I had a feeling it might be today so was watching news live as it happened. Let's hope that cooler heads will prevail in the coming days. Going to be a crazy day on Monday!!
Its nothing few missiles.Keep in mind UK France are involved as well that basically means NZD YEN AUD getting the flow of scared money.
I don't expect much change.Love to see Yen get strong plunge to 105.5 to buy up!
Remember everything is opertunity to capitalize.You can always look at the glass half full.
In trading, you have to be defensive and aggressive at the same time
  • #17,275
  • Apr 13, 2018 11:15pm Apr 13, 2018 11:15pm
WHEEW.....I'm up to post 4600. Only 12,500 post to go. LOL. Then I will contribute, for at the very least 3 months. TY Davit for all of your knowledge that you so kindly share with us for free of charge. I think I may have about 20 pages of notes (at least) I can only imagine what my notebook is going to look like after 12k more posts. Keep up the good work Davit!!
  • #17,276
  • Edited 2:22am Apr 14, 2018 2:04am | Edited 2:22am
hey pivot crew ..... dis 1 goes out 2 my brothers & sisters on mobile mt4&5 .........

this is how i found 2 setup the week pivot [from broker data only] .... [use @ ur own risk its not idiot proof ]

put a MA on the W1 timeframe ...... make sure its set to HLC/3 simple & period 1
then were the MA touch the pervious week candle is were the pivot is
next post will b for fibo hi 5
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  • #17,277
  • Apr 14, 2018 2:14am Apr 14, 2018 2:14am
..... hey yo its me bro ......

2 get fibo use fibo tool
change labels so it looks like Davit pivot
put the pivot [0 normally on fib too] on low of W1 candle & R100 [100 normally on fibo tool] on high of W1
move the fibo pivot so its like on top of the week pivot

all done
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  • #17,278
  • Apr 14, 2018 10:18am Apr 14, 2018 10:18am
Quoting Davit
I keep rereading and rereading "Trading in the Zone" by Mark Douglas Reason is every chapter is simply gold nuggets. He highly influenced how I trade.He made me understand what true probability is and sample size (one needs large sample size to test how successful my system is hence "trying" out short time is futile CHAPTER 7 THE TRADER'S EDGE: THINKING IN PROBABILITIES Exactly what does it mean to think in probabilities, and why is it so essential to one's consistent success as a trader? If you take a moment and analyze the last sentence, you will...
I am re-reading this thread and sorry but this post has to be one of the best, I have read trading in the zone maybe 7 years ago and actually learnt a lot from mark teaching but after I have finish the reading of this thread, I re-reading trading in the Zone, cheers Davit
  • #17,279
  • Apr 14, 2018 11:34am Apr 14, 2018 11:34am
Hi Pivoters

My Calendar events next week
Monday
USD
Core Retail Sales m/m 0.2% 0.2%
Retail Sales m/m 0.4% -0.1% Positive prediction here if printed green could boast USD.I’ll be watching Yen primarily.

AUD Monetary Policy Meeting Minutes
CNY GDP q/y if positive will most likely boast AUD

Tues
GBP Average Earnings Index 3m/y 3.0% 2.8%
Pound could get additional lift should this come out green however here is a tricky situation that even if it prints green Pound could decline simply that market has already priced it in.In simple terms Pound has over appreciated and correction are due.

Weds
GBP lots of data coming out and CPI most important and prediction is same 2.7% but could print red. My notes above apply here.

Big day for CAD
BOC Monetary Policy Report
CAD BOC Rate Statement
CAD Overnight Rate

CAD is same situation as GBP whatever good news it had has been priced in.Rate will stay the same hence no fundemetal change.I anticipate UC going towards 1.27+
I am bearish on the CAD
NZD CPI q/q .5 gain predicted from .1 previous.Immediate impact is AN
Here is truly wait and see the true number and market reaction.
AUD
Employment Change green forecast
Unemployment Rate green prediction if both print green I do anticipate AN AC continuing going north.

Thurs
GBP Retail Sales m/m red forecast if true correction may start or may continue from previous days.

Fri
CAD
CPI m/m Core Retail Sales m/m
Could print red and have AC and UC continue going north.

From doing this I anticipate AUD gaining cross the board and will continue holding AC and UC and AN
This could be the week for AUD to shine. Syria crises could play a roll its watch and see market reactions.

Goes without saying these are my notes to myself but I adjust my trading to fit real life situation but I like to have an attack plan from get go.Exercise is to have feel for the market in your mind what's coming hence you may avoid pairs that may save you lots of losses for example You decided to sell GC on Monday but fail to notice heavy GBP news on Tues and Weds and get your ass whipped because most cases market is ahead of you.By staying on sidelines you not only saved your money but could take opertunity from Pound spikes that may occur.
I hope everyone understand value of doing this.You must do your version for yourself because its an internal thing.You remember something more when you put effort into it.Copying my Calendar may help you a little but will not help you get the feel for the market for that you have to do your own.

Make money!! Its what we do here at Pivots!
In trading, you have to be defensive and aggressive at the same time
  • #17,280
  • Apr 14, 2018 1:47pm Apr 14, 2018 1:47pm
Did you all see where AUDUSD rolled over on Friday? Going up all day, gets everyone long, then New York time...


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