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Pivot Trading

  • #18,481
  • May 10, 2018 7:53am May 10, 2018 7:53am
Love Pivot, love how it all plays out ... Patience is one of the key ...

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  • #18,482
  • May 10, 2018 7:59am May 10, 2018 7:59am
AUD/USD moving nicely
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  • #18,483
  • May 10, 2018 8:25am May 10, 2018 8:25am
That was massive.
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  • #18,484
  • May 10, 2018 8:32am May 10, 2018 8:32am
NZDJPY +151

Closed at 123.6 it is NYSE open and till 10 it might reach 161.8, however, tired and is enough for one day.
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  • #18,485
  • May 10, 2018 8:40am May 10, 2018 8:40am
eur/cad nice moving
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  • #18,486
  • May 10, 2018 8:55am May 10, 2018 8:55am
Quoting MrAussieFX
{quote} Looking into the hindsight we can always make a point of should have, could have or would have. The main theme of this thread Pivot Trading is not to blindly follow PA from 61-100 but making your trade entries based on fundamentals(News, Speeches etc.) and technicals (Weekly pivots and PA). To some, it may sound a lot of work but if you want to be a consistently profitable trader that should be in your daily routine. Although, Mark Douglas said, "Anything can happen in the market" but if you are equipped with fundamentals you will be a step...
It's absolutely easy to understand who takes this job seriously and you are nailed it. Very good insight. Many thanks to you . I have something to learn from you for sure.
  • #18,487
  • May 10, 2018 9:33am May 10, 2018 9:33am
Quoting MrAussieFX
{quote} Looking into the hindsight we can always make a point of should have, could have or would have. The main theme of this thread Pivot Trading is not to blindly follow PA from 61-100 but making your trade entries based on fundamentals(News, Speeches etc.) and technicals (Weekly pivots and PA). To some, it may sound a lot of work but if you want to be a consistently profitable trader that should be in your daily routine. Although, Mark Douglas said, "Anything can happen in the market" but if you are equipped with fundamentals you will be a step...
You've got it right brother! There is no rushing this. There is a lot to learn and every day I learn something new here! Thanks so much for your input!
  • #18,488
  • May 10, 2018 9:39am May 10, 2018 9:39am
starting to sell AN
trading is like dancing, don't think and just listen to the music!
  • #18,489
  • May 10, 2018 9:53am May 10, 2018 9:53am
EA +1100
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The only thing that will make us successful is if we can control ourselves!
  • #18,490
  • May 10, 2018 11:01am May 10, 2018 11:01am
GBPAUD Sell profit target hit for approx. +2300 points

Remember this GBPAUD sell trade from last week shared here (02-05-2018)
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Todays GBPAUD PA reached this broken level to retest it.
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I drew the fib on the last swing down and 78.6% was sitting right at R38 weekly fib and the level this pair broke last week.

This article on FF just 2 hrs before GBP red news also added a bit of confidence in above trading plan.
http://www.bbc.com/news/business-44055400

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Closed trade
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Best regards
  • #18,491
  • May 10, 2018 1:39pm May 10, 2018 1:39pm
I couldn't sleep so thought of doing some chart reading.

USDJPY daily from here 07-05-2018
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It didn't go that deep south.

USDJPY H4
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Best regards
  • #18,492
  • May 10, 2018 4:25pm May 10, 2018 4:25pm
Quoting MrAussieFX
{quote} Looking into the hindsight we can always make a point of should have, could have or would have. The main theme of this thread Pivot Trading is not to blindly follow PA from 61-100 but making your trade entries based on fundamentals(News, Speeches etc.) and technicals (Weekly pivots and PA). .......
+ snail69 & keepit

Thank you guys, you helped me lot.
  • #18,493
  • May 10, 2018 4:44pm May 10, 2018 4:44pm
Quoting MrAussieFX
GBPAUD Sell profit target hit for approx. +2300 points Remember this GBPAUD sell trade from last week shared here (02-05-2018) {image} Todays GBPAUD PA reached this broken level to retest it. {image} I drew the fib on the last swing down and 78.6% was sitting right at R38 weekly fib and the level this pair broke last week. This article on FF just 2 hrs before GBP red news also added a bit of confidence in above trading plan. http://www.bbc.com/news/business-44055400...
Great analysis, thank-you, Reward in direct proportion to Effort.
Looking at your TDI I am guessing that your entry points is always a lower TF than H4, M30? maybe, and if so is that a set procedure?
And hopefully you continue posting details like this even after Davit returns as it is so very beneficial!
When you are successful perhaps give a thought to others ... Kiva dot org
  • #18,494
  • May 10, 2018 5:40pm May 10, 2018 5:40pm
Caught this trade this morning. Sorry didnt have time to post it before work. Was expecting them to leave rates alone causing some downward pressure for GBP. Happy hunting!!!
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Happy Hunting!!!
  • #18,495
  • Edited May 11, 2018 5:52am May 10, 2018 10:48pm | Edited May 11, 2018 5:52am
NZDJPY - live trade - NZ stock exchange all time high, Japan 13 weeks high - optimism there.

+42 it goes nowhere
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  • #18,496
  • May 11, 2018 12:13am May 11, 2018 12:13am
Just a heads up CAD news is due in 7 hrs 30 mins and EUR Draghi will speak half an hour after it.

Keeping EURCAD on a watchlist

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Best regards
  • #18,497
  • May 11, 2018 2:48am May 11, 2018 2:48am
Quoting MrAussieFX
GBPAUD Sell profit target hit for approx. +2300 points.......
Almost identical trade

I have been travelling quite a bit the last couple of weeks so trade time has been less than normal. Due to this, I traded purely off the H4 charts. Really liked the look GBP/AUD as it came back to test the R38. The R38 now acting as resistance whereas in the previous weeks this area had been strong support (look left).

Price Action around this zone & the TDI confirmed my entries. Price reacted strongly off the pivot and came back up. Held the trades as the strengthening of the AUS across the board, fundamentals and the red news (Inflation report/Carney) coming up gave me confidence there was more to be had in this trade (See MrAussieFX post).
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Echoing what others have already said; MrAussieFX I commend you for being a great guardian of this thread whilst Davit is away.

Davit - I hope all is well with your family.
  • #18,498
  • May 11, 2018 4:05am May 11, 2018 4:05am
Quoting MrAussieFX
I couldn't sleep so thought of doing some chart reading. USDJPY daily from here 07-05-2018 {image} It didn't go that deep south. USDJPY H4 {image} Best regards
I greatly appreciate the pedagogic aspect of your posts ! Please go on wrtting such interesting comments. thank you !
  • #18,499
  • May 11, 2018 5:04am May 11, 2018 5:04am
started to short CCH
trading is like dancing, don't think and just listen to the music!
  • #18,500
  • Edited 5:58am May 11, 2018 5:42am | Edited 5:58am
CADCHF... Double top like this set up. Most of those are pending orders. CAD economy gets a boost from ours. Expecting employment change to be good. Pushing the CAD down. Happy hunting!!!
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Happy Hunting!!!
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