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Pivot Trading

  • #22,581
  • Nov 11, 2018 4:40am Nov 11, 2018 4:40am
Part of my Sunday routine is to check for harmonics on the daily charts. Their are five strong patterns that I consider current, on the EU, EA, GF, AF, UF. The EU had a nice run up last week (my best trade of the week) and is dropping down toward the D where I will be looking to make another entry if there is a bounce. The Swiss pairs are all bearish harmonics so it will be interesting to see how they play out with the news for the GBP, USD and AUD which are forecasting positive for the most part.
  • #22,582
  • Edited 10:54am Nov 11, 2018 7:41am | Edited 10:54am
Quoting Davit
Hi Guys Lets do something more interactive here.Instead of me posting my calendar events I like you guys to post your summery of events next week. Which currencies are in focus and how that may play out.Its rather easy to spot Thanks
Weekly Calendar November 11-17
Attached a PDF file, MS Excel Spreadsheet. A disciplined format for each weekend that is an important part of my Trading Plan.
I congratulate Davit in making me look far more deeply into the week ahead. Thank you.
Copy direct from FF Calendar and paste into MS Excel. Note, revised information from previous announcements keeps their font color from the FF Calendar.
With this copied and pasted, it is simple to work through the week, deleting unimportant events, highlighting others of importance plus forecast projections. By working through the Calendar and color highlighting boxes you can gain an insight into the week ahead. I particularly highlight the Forecast versus Previous. Although I may highlight more that just Red or Orange announcements, I rarely get surprises!
This Calendar is the first on my clipboard. Actual figures can be handwritten as necessary.
I further check websites, BK Asset Management (Kathy Lien, Boris Schlossberg), Investing.com, Trading Economics and others for their comments. This further prepares you for the Trading Week ahead.
The column where I have Positive or Negative, I use this for my own comments and add further after reviewing the sites above.
Attached File(s)
File Type: pdf Economic Calendar Nov 12-16.pdf   118 KB | 510 downloads

My advice - Do It!
  • #22,583
  • Nov 11, 2018 11:42am Nov 11, 2018 11:42am
Quoting J1mm
{quote} Never give up. I'm feeling the same this month, not growing as I was used to, actually I feel like I'm a bit stuck in my "growing %" however, no profit month is better than a losing one, right? Learn, execute, review and learn again, that's the only way, if I had to think about the time I was just checking charts and planning trades, I'd better start a second employment at McDonald's I would probably earn more in the hours invested! XD but the thing is to learn to be profitable, even if you trade small account or demo, the thing is to earn...
Thanks J1mm,

Yes time invested hard on me last week as I force myself to nap between alerts to check trade. 10Pm to 7am my time then its off to work. Trading live (small account), holding my own and will persevere! I have a Sister/Bro in law owns many McD's...in Alberta...not moving there for second income. LOL

Yes any profit better than loss. Guess I'm at a frustration level...I will get over it. My online live dealer Baccarat account is growing faster at the moment (30wins/3losses) way less time than trading. Completely different too. Trading way harder.

Cheers! green pips!
Axleman.
  • #22,584
  • Nov 11, 2018 11:53am Nov 11, 2018 11:53am
I still have NZDCAD short. Thanks to this news, we might see Oil prices can show a bullish reaction and impact on CAD.

OPEC Edges Closer to Production Cut as Saudis Signal Intent
https://www.wsj.com/articles/opec-ed...ent-1541956957
  • #22,585
  • Nov 11, 2018 1:49pm Nov 11, 2018 1:49pm
Quoting Davit
Hi Guys Lets do something more interactive here.Instead of me posting my calendar events I like you guys to post your summery of events next week. Which currencies are in focus and how that may play out.Its rather easy to spot Thanks
My only Focus for now is AU. Working on my patience and trade management. I'm not good at fundamentals, but make myself aware of the impact. I will improve.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU news 11-12.PNG Size: 14 KB
Click to Enlarge Name: AU news 11-13.PNG Size: 17 KB
Click to Enlarge Name: AU news 11-14.PNG Size: 15 KB
Click to Enlarge Name: AU news 11-15.PNG Size: 29 KB
Click to Enlarge Name: AU news 11-16.PNG Size: 15 KB
Click to Enlarge Name: AU 4H Nov 11 to 16.PNG Size: 54 KB
  • #22,586
  • Nov 11, 2018 2:55pm Nov 11, 2018 2:55pm
Welcome back Davit, and nice to see you around. Keep up the great work..

Green pips
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #22,587
  • Nov 11, 2018 4:44pm Nov 11, 2018 4:44pm
Hi Guys
We have a gap on GU either gets field next 24hrs or this drops lower about 40pips with present price
with lots of "green data" coming up on GBP my bet is it closes the gap plus more

Goes without saying I can be 100% wrong.You own your trades

WE got good data coming up on AUD hold on to your AN longs! I am!
In trading, you have to be defensive and aggressive at the same time
  • #22,588
  • Nov 11, 2018 5:17pm Nov 11, 2018 5:17pm
AN is the main trade I'm looking to add to, I'm still holding from last week
I will get my head around this, but always can be wrong
  • #22,589
  • Nov 11, 2018 5:17pm Nov 11, 2018 5:17pm
Quoting Davit
Hi Guys We have a gap on GU either gets field next 24hrs or this drops lower about 40pips with present price with lots of "green data" coming up on GBP my bet is it closes the gap plus more Goes without saying I can be 100% wrong.You own your trades WE got good data coming up on AUD hold on to your AN longs! I am!
Expecting also here for GU to fill the Gap and still proceed on going down... Also the same with GJ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 51 KB
Click to Enlarge Name: GBPUSDH1.png Size: 48 KB
We're not here to be right, we're here to Profit Consistently!
  • #22,590
  • Nov 11, 2018 5:23pm Nov 11, 2018 5:23pm
better then a movie.My favorite artist of all time.I love Rembrandt.Excellent documentary.While I am waiting on trades I either do art watch art or play chess.Rarely ever watch regular TV which most part is brain drain.
Inserted Video
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #22,591
  • Nov 11, 2018 6:04pm Nov 11, 2018 6:04pm
Love it.

My Favourite.. Turner missed exhibition last year when it came to Canberra (AU)
  • #22,592
  • Nov 11, 2018 6:15pm Nov 11, 2018 6:15pm
Hey Davit and et al,

You are right as usual. AUD economy is expanding and being watched by the Feds as a model of economic growth. Interesting:

https://www.bloomberg.com/news/artic...conomic-growth

Well, I took a few long trades as you suggested:

My AN chart:

Attached Image (click to enlarge)
Click to Enlarge Name: audnzd-h1-oanda-division1.png Size: 63 KB


Regards,
John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #22,593
  • Nov 11, 2018 6:29pm Nov 11, 2018 6:29pm
Quoting DrForexMD
Hey Davit and et al, You are right as usual. AUD economy is expanding and being watched by the Feds as a model of economic growth. Interesting: https://www.bloomberg.com/news/artic...conomic-growth Well, I took a few long trades as you suggested: My AN chart: {image} Regards, John
Hi John
You can add more to it.We should see 800+soon.At least that's what I would do based on nice entries.
regards
In trading, you have to be defensive and aggressive at the same time
  • #22,594
  • Nov 11, 2018 7:30pm Nov 11, 2018 7:30pm
my humble speculation
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd-d1.png Size: 60 KB
As Above, So Below
  • #22,595
  • Nov 11, 2018 8:20pm Nov 11, 2018 8:20pm
Quoting tashkent
my humble speculation {image}
It could go there as Mark Douglas said "anything can happen"
regards

Personally I am bullish on this pair.
In trading, you have to be defensive and aggressive at the same time
  • #22,596
  • Nov 11, 2018 8:37pm Nov 11, 2018 8:37pm
Quoting Davit
{quote} It could go there as Mark Douglas said "anything can happen" regards Personally I am bullish on this pair.
from where it is now, probably will go up. watching 1.0760 to sell
As Above, So Below
  • #22,597
  • Nov 11, 2018 11:39pm Nov 11, 2018 11:39pm
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,081 Posts | Online Now
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY.M30.png Size: 85 KB
We obey the structure that results from the market's reaction
  • #22,598
  • Nov 12, 2018 1:20am Nov 12, 2018 1:20am
GU weakness is all about Brexit at the moment. Until that clears and the focus is back on fundamentals i am leaving this alone. Any positive resolution imho will bring a relief rally for a time but the devil will be in the details.
  • #22,599
  • Nov 12, 2018 1:38am Nov 12, 2018 1:38am
DXY has broken 97 level, now we have a free road for 100. Be careful before go USD short
Trade What's Happening... Not What You Think Is Gonna Happen
  • #22,600
  • Nov 12, 2018 2:25am Nov 12, 2018 2:25am
TEXTBOOK...
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 42 KB
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