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Pivot Trading

  • #18,441
  • May 9, 2018 9:17am May 9, 2018 9:17am
Quoting sonseeker
{image} Getting a little cad movement, may it continue...
really a good shot
can you please share your TPL, how do you put the tabs of each currency on the chart?
for those who are trying to learn, will it be possible for experienced people to share graphs at the time when they think the conditions for entry are met?
usually the business is already posted with some time and gains exposed.
so we could have a better idea of the ideal settings of TDI, ADR etc
  • #18,442
  • May 9, 2018 10:43am May 9, 2018 10:43am
Quoting kik
{quote} really a good shot can you please share your TPL, how do you put the tabs of each currency on the chart? for those who are trying to learn, will it be possible for experienced people to share graphs at the time when they think the conditions for entry are met? usually the business is already posted with some time and gains exposed. so we could have a better idea of the ideal settings of TDI, ADR etc
The "ideal settings" is the original template provided on page one.

Symbol changer can be found here: https://www.forexfactory.com/showthread.php?t=703669
Trade with confidence, trade without fear.
  • #18,443
  • May 9, 2018 10:43am May 9, 2018 10:43am
NZ Interest Rate decision is due in 5hrs 30 mins

All the sources are forecasting that there will be no change in Interest Rate (1.75%). I was doing some reading on it and found what Westpac NZ have to say about it.

Attached Image (click to enlarge)
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Our charts NZDUSD levels before Interest Rate news

Attached Image (click to enlarge)
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Kindest regards
  • #18,444
  • May 9, 2018 10:50am May 9, 2018 10:50am
Quoting birdland
i am starting to buy AJ and sell UC.
closed both trades with huge profits
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ajD.png Size: 80 KB
trading is like dancing, don't think and just listen to the music!
  • #18,445
  • May 9, 2018 10:57am May 9, 2018 10:57am
Quoting kik
{quote} really a good shot can you please share your TPL, how do you put the tabs of each currency on the chart? for those who are trying to learn, will it be possible for experienced people to share graphs at the time when they think the conditions for entry are met? usually the business is already posted with some time and gains exposed. so we could have a better idea of the ideal settings of TDI, ADR etc
if you cant find the things you asked for on your own you should not be here posting, the OP will not stand for spoon feeding sorry .
  • #18,446
  • May 9, 2018 10:58am May 9, 2018 10:58am
Quoting Cryptosurf
{quote} The "ideal settings" is the original template provided on page one. Symbol changer can be found here: https://www.forexfactory.com/showthread.php?t=703669
thanks for the info
I know, incidentally it is always being repeated that the information is on the 1st page ...
however it would be quite educational to have the graphics I asked for, at least to confirm if we made a good rationale of David's lines.
and also know that many more guidelines are spread throughout the topic, if I mastered the English language well would make an instruction manual how to interpret David's system well, step by step ... which is not easy
good business and thank you to all who are always available to help!
  • #18,447
  • May 9, 2018 11:03am May 9, 2018 11:03am
Quoting kik
{quote} thanks for the info I know, incidentally it is always being repeated that the information is on the 1st page ... however it would be quite educational to have the graphics I asked for, at least to confirm if we made a good rationale of David's lines. and also know that many more guidelines are spread throughout the topic, if I mastered the English language well would make an instruction manual how to interpret David's system well, step by step ... which is not easy good business and thank you to all who are always available to help!...
It’s obvious you don’t have the trading experience to grasp what’s going here. There are pages upon pages of examples. My suggestion would be to stop asking mundane questions.
Trade with confidence, trade without fear.
  • #18,448
  • May 9, 2018 11:04am May 9, 2018 11:04am
Quoting dogdays713
{quote} if you cant find the things you asked for on your own you should not be here posting, the OP will not stand for spoon feeding sorry .
Okay, I did not want to go through anything at all!
but thanks for the warning
  • #18,449
  • May 9, 2018 11:09am May 9, 2018 11:09am
Quoting Seshwaan
Sold UC last night from WR100 level, great textbook entry as I was expecting the Iran announcement to be good for CAD, only problem is that I have been very busy siunce so couldnt addd to thius position as i would have liked so only had 1 entry. Not healthy to get stuck up on what could have been though, profit is profit. {image}

Just closed this, price stalled just below WPP and if you look left there is a decent amount of support around this level
  • #18,450
  • May 9, 2018 11:11am May 9, 2018 11:11am
Quoting MrAussieFX
NZ Interest Rate decision is due in 5hrs 30 mins All the sources are forecasting that there will be no change in Interest Rate (1.75%). I was doing some reading on it and found what Westpac NZ have to say about it. {image} Our charts NZDUSD levels before Interest Rate news {image} Kindest regards
Good info, thanks you for sharing..wonder what the "consequences for the exchange rate" will be near and long term..
  • #18,451
  • May 9, 2018 11:16am May 9, 2018 11:16am
EC starts looking promising to buy...also AC
trading is like dancing, don't think and just listen to the music!
  • #18,452
  • Edited 12:17pm May 9, 2018 11:44am | Edited 12:17pm
CAD could get a lot more stronger because the current price of WTI Oil is $71.25 a barrel.
  • #18,453
  • May 9, 2018 12:09pm May 9, 2018 12:09pm
Watching NZDCAD for entries off WS61 before news tonight, I suspect the no-rate hike has been priced in and we could see a pullback once it is offically announced.


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  • #18,454
  • May 9, 2018 12:40pm May 9, 2018 12:40pm
CADJPY almost at some decent resistance, also helps to validate the potential entry I mentioned above which would also be a CAD sell.

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  • #18,455
  • May 9, 2018 12:42pm May 9, 2018 12:42pm
Quoting Seshwaan
CADJPY almost at some decent resistance, also helps to validate the potential entry I mentioned above which would also be a CAD sell. {image}
I am in it as well, set my TP at 83.584. What levels do you use to set your TPs?
  • #18,456
  • May 9, 2018 12:47pm May 9, 2018 12:47pm
Quoting shettytushar
{quote} I am in it as well, set my TP at 83.584. What levels do you use to set your TPs?

I don't set hard TP's but will be watching price action at the weekly pivot and will then decide what to do with it. It is important to let your winners run so I feel setting a hard TP can potentially have you missing out.

I much prefer to move SL's to better than break even but with enough room to account for retracements and let them run
  • #18,457
  • May 9, 2018 12:53pm May 9, 2018 12:53pm
Quoting birdland
EC starts looking promising to buy...also AC
You can patiently wait on both the pairs until next week because of tomorrow being dominant by NZD news and GBP news and Friday could be CAD news and EUR Draghi Speech.
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Any bullish moves on AUDCAD and EURCAD have been short-lived in past 8 weeks.

EURCAD Daily
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AUDCAD Daily
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Patience is the key here. Let the PA come to you, Pivots will show the way.

Best regards
  • #18,458
  • May 9, 2018 1:53pm May 9, 2018 1:53pm
More than six month following this thread, here is my first screenshot
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  • #18,459
  • May 9, 2018 2:04pm May 9, 2018 2:04pm
Closed ıt but. It seems aj has more room through the north.
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  • #18,460
  • May 9, 2018 4:46pm May 9, 2018 4:46pm
Quoting Seshwaan
Watching NZDCAD for entries off WS61 before news tonight, I suspect the no-rate hike has been priced in and we could see a pullback once it is offically announced. {image}

Sold off after the news, stalled at WS100 so am watching this closely

Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD.PNG Size: 130 KB
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