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Pivot Trading

  • #17,641
  • Apr 23, 2018 4:38pm Apr 23, 2018 4:38pm
Quoting denisius
{quote} Cause a dollar strength continues! I am watching it all day , I have been waiting for it few months already. Data keeps supporting but Bulls didn't want to give up. Euro down imminent. I am looking at most pairs and all of them at key points. Now it's ether make it or break it.
Yup, dollar is on a rally, so many good setups as a result.
Trade with confidence, trade without fear.
  • #17,642
  • Apr 23, 2018 4:45pm Apr 23, 2018 4:45pm
Quoting MoneyTalks58
XAUUSD is near a good support around S100. Check the blue box. I am following it. My only concern is there is a room to WS138-WS161 area. I hope i will evaluate the price action well. {image}
Just keep watching PA on UJ as they often mirror.

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Trade with confidence, trade without fear.
  • #17,643
  • Edited 8:33pm Apr 23, 2018 8:22pm | Edited 8:33pm
GBPUSD on the move again from DO

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AUDUSD news already priced in. RED data and almost no response. Bullish?
  • #17,644
  • Apr 23, 2018 9:24pm Apr 23, 2018 9:24pm
Poloz Opening Statement
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EA
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Best regards
  • #17,645
  • Apr 23, 2018 9:33pm Apr 23, 2018 9:33pm
Quoting MrAussieFX
Poloz Opening Statement {image} EA {image} Best regards
I am very glad I have you here because you show the right way to do it.You have done exploratory calendar and I am sure it helped you draw a trading plan that which can be flexible to reflect live chart but being aware what's coming up and trade accordingly.

This is my aim installing professional awareness of the environment we are operating.I always felt uncomfortable and unease from anyone who said "everything is in the chart and he does not need to read any news or fundamentals"
This attitude is counter intuitive and destructive.
Stay on course everyone and you will make money consistently.You can just take it from the market because you are ahead of the curve and see further.
In trading, you have to be defensive and aggressive at the same time
  • #17,646
  • Apr 23, 2018 9:38pm Apr 23, 2018 9:38pm
Quoting Nenuser
GBPUSD on the move again from DO {image} AUDUSD news already priced in. RED data and almost no response. Bullish?
often response comes late.Data wasn't really red not green either but study.
In trading, you have to be defensive and aggressive at the same time
  • #17,647
  • Apr 23, 2018 11:55pm Apr 23, 2018 11:55pm
Quoting Erebus
{quote} Congratulations! Awesome pip numbers Just curious what was the buying trigger for USDCAD? I might be wrong, but I thought we are looking for S61 at least or S78 better, and your trades appear to be halfway only to S38 Also, if buying S38 for the last 4 weeks, that won't work, not yet anyway. Thanks, keep up the good work {image}
Hi Erebus, would you please share you fibonacci pivot indicator as on the picture of your post, thank you.
  • #17,648
  • Apr 24, 2018 12:39am Apr 24, 2018 12:39am
Entered. Lets see.
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  • #17,649
  • Edited 3:26am Apr 24, 2018 2:50am | Edited 3:26am
Watching USD/CAD that has no momentum for now and EUR/USD with a rejection candle, both stopped on important key levels

Please, don't remove me: the TPL is the same, i just changed the colors; if it is a problem, i can set the original one
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  • #17,650
  • Apr 24, 2018 2:59am Apr 24, 2018 2:59am
Quoting Joseph95
Watching USD/CAD that has no momentum for now and EUR/USD with a rejection candle... both stopped on important key levels {image} {image}
Most majors are stretched due to an overdue USD rally. USD data in the last weeks has been mostly strong; not so for other currencies. I'd be vary shorting USD at this time. A good move would be to buy USD on dips. My 2 cents
Fall seven times, stand up Eight! #GGMU
  • #17,651
  • Apr 24, 2018 3:08am Apr 24, 2018 3:08am
Re-reading one of my favs "Bird watching in Lion country". Came across a wonderful thought in the book.

It’s easy to give a trading system, much harder to convey a perspective, but it’s in the hard stuff that the nuggets of gold are buried.
Fall seven times, stand up Eight! #GGMU
  • #17,652
  • Apr 24, 2018 4:55am Apr 24, 2018 4:55am
Quoting vickym
Re-reading one of my favs "Bird watching in Lion country". Came across a wonderful thought in the book. It’s easy to give a trading system, much harder to convey a perspective, but it’s in the hard stuff that the nuggets of gold are buried.
"What is important is that you find your perspective, the one that is going to give you an edge."
It has to do with time frame, a practical aspect of one's larger perspective.

Mine is 15 mins. and preferably "38" zone.
  • #17,653
  • Apr 24, 2018 5:08am Apr 24, 2018 5:08am
Quoting Cryptosurf
{quote} Just keep watching PA on UJ as they often mirror. {image}
Hope you are doing fine bro. I just wanted to know the settings which you are using for the pivots. My pivots are working fine but i want them to show me pivots of previous week and so forth like in your charts. Please if you can share the setting it will kind of you. Thanks

And Sorry to everyone, i come here daily but just don't login to share my charts and views. Maybe i will start doing it again. Green pips.

Btw AUD/USD watch it. i will post my study in few hours.
The mind is not a book to be opened at will and examined at leisure
  • #17,654
  • Apr 24, 2018 5:18am Apr 24, 2018 5:18am
Quoting Isvara
{quote} Hope you are doing fine bro. I just wanted to know the settings which you are using for the pivots. My pivots are working fine but i want them to show me pivots of previous week and so forth like in your charts. Please if you can share the setting it will kind of you. Thanks And Sorry to everyone, i come here daily but just don't login to share my charts and views. Maybe i will start doing it again. Green pips. Btw AUD/USD watch it. i will post my study in few hours.
Here...use the search feature, it helps
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Fall seven times, stand up Eight! #GGMU
  • #17,655
  • Apr 24, 2018 5:30am Apr 24, 2018 5:30am
Quoting vickym
{quote} Here...use the search feature, it helps {image}
found it. Thanks.

Aud/Usd. If someone is wondering about the bounce. Week is not over yet. Most probably will close above red supp line this week. Let's see. Good luck.
Attached Image (click to enlarge)
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BTW i am in for buy and i am targeting pivot point, (neutral zone) as my tp.
The mind is not a book to be opened at will and examined at leisure
  • #17,656
  • Apr 24, 2018 6:15am Apr 24, 2018 6:15am
Quoting Isvara
{quote} found it. Thanks. Aud/Usd. If someone is wondering about the bounce. Week is not over yet. Most probably will close above red supp line this week. Let's see. Good luck.{image} BTW i am in for buy and i am targeting pivot point, (neutral zone) as my tp.
AU is in the zone alright, but there is no reason to buy it just yet.
Fall seven times, stand up Eight! #GGMU
  • #17,657
  • Apr 24, 2018 6:43am Apr 24, 2018 6:43am
Quoting Isvara
{quote} Hope you are doing fine bro. I just wanted to know the settings which you are using for the pivots. My pivots are working fine but i want them to show me pivots of previous week and so forth like in your charts. Please if you can share the setting it will kind of you. Thanks And Sorry to everyone, i come here daily but just don't login to share my charts and views. Maybe i will start doing it again. Green pips. Btw AUD/USD watch it. i will post my study in few hours.
The "Auto-Pivot_Plotter_Weekly_V2__3" is the one i use exclusively.

Posted here: https://www.forexfactory.com/showthr...33#post9223133
Trade with confidence, trade without fear.
  • #17,658
  • Apr 24, 2018 7:06am Apr 24, 2018 7:06am
Quoting vickym
{quote} AU is in the zone alright, but there is no reason to buy it just yet.
Hi Vicky,
not a criticism just an honest question...what makes you say that "AU there is no reason to buy just yet"? Price in the zone. Nice TDI cross on H4 chart. Is it the Consumer Confidence news that is about to come out in 2 hours?

Cheers

Jester
  • #17,659
  • Apr 24, 2018 7:10am Apr 24, 2018 7:10am
Fundamentals haven't change to much and I still see dollar strengthening with the 10yr yield nearly reaching 3% yesterday.

For me, I will not long EU and GU yet so be careful. I am actually looking for good spots to short.

With Davits system, here we must look at fundi's as the driver of the market for clues, I learnt the hard way with a loss on GU few week ago, as I don't respect them.

Lesson Learnt.

Patience is another one, only go in on the high prob trades.

CB Consumer Confidence later, lets see if anything changes.

P.s This is my view

GL all
  • #17,660
  • Apr 24, 2018 7:21am Apr 24, 2018 7:21am
Quoting Jester_73
{quote} Hi Vicky, not a criticism just an honest question...what makes you say that "AU there is no reason to buy just yet"? Price in the zone. Nice TDI cross on H4 chart. Is it the Consumer Confidence news that is about to come out in 2 hours? Cheers Jester
Hi Jester,

Couple of points that made me not go long on AU even though it was in the zone
1. PA wasn't bullish at that time
2. As I wrote in an earlier post and Josh also summed up nicely in his post above, USD is strong atm with bond yield reaching 3% and lots of solid data to support in recent weeks. Fundamentally I'd not like to short USD at this time. Plus there's isn't anything supporting a strong AUD at this time, the remaining week has very little data for AUD and tomorrow is an Aus bank holiday.
3. Fed funds rate on 2/May - not sure if another rate hike yet, but seeing the last few confs, Fed has been hawkish

All these factors make me think it might be better to short AU on rallies instead of going long. But thats my opinion; AU might very well move 50+ pips north, who knows. Just that not a A+ kind of a set up for me.

Cheers!
Fall seven times, stand up Eight! #GGMU
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