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Pivot Trading

  • #22,981
  • Nov 25, 2018 4:22pm Nov 25, 2018 4:22pm
Quoting Davit
Nice Red numbers on NZD helps AN longs EC worth tracking {image}
lovely
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Take what you can, give nothing back
  • #22,982
  • Nov 26, 2018 1:12am Nov 26, 2018 1:12am
Quoting Davit
Nice Red numbers on NZD helps AN longs {image}
I was expecting the same, for the time being after the initial gap, NZD recovered ground demonstrating to be very resilient even if I find hard to understand where its strength comes from. Now at LO things can change a bit according to news outcome.
Porta itineris dicitur longissima esse
  • #22,983
  • Nov 26, 2018 9:11am Nov 26, 2018 9:11am
I've been keeping an eye on AC. Although it has gone up today it has only tested weekly pivot. Still observing but as soon as PA gives me the go ahead I think this will be a good one to short. I think this will be compounded by oil having a slight bounce as well. But I am looking to see more of a spring from Crude oil before I jump in it
  • #22,984
  • Nov 26, 2018 9:23am Nov 26, 2018 9:23am
Hi guys
Already mentioned EC worth tracking and indeed
looking at 4950 38S as TP
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #22,985
  • Nov 26, 2018 9:27am Nov 26, 2018 9:27am
Quoting Davit
Hi guys Already mentioned EC worth tracking and indeed looking at 4950 38S as TP {image}
I' m already short. Swap is positve!
  • #22,986
  • Nov 26, 2018 9:33am Nov 26, 2018 9:33am
N/U short is also worth a look and again TP 38 +..... back from Thailand got some catching up to do
  • #22,987
  • Nov 26, 2018 9:45am Nov 26, 2018 9:45am
Quoting RieseP
N/U short is also worth a look and again TP 38 +..... back from Thailand got some catching up to do
I'm short NU too....took a number of shorts last week too.....short orders indicated by small red arrows
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  • #22,988
  • Nov 26, 2018 10:08am Nov 26, 2018 10:08am
Observing UJ. Depending on how news on USD will come out on next days it could even go up to 114 at WR138.
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Porta itineris dicitur longissima esse
  • #22,989
  • Nov 26, 2018 12:36pm Nov 26, 2018 12:36pm
December 11th, mark this down - win or lose for May.
  • #22,990
  • Nov 26, 2018 3:35pm Nov 26, 2018 3:35pm
Mhhm all is green, what should I do ? Aha adding more long now.

The reason I am buying into resistance is that in my eyes 1.333 is the absolute minimum we should expect before trend reversal on weekly.
And I would not be surprised to see even 1.5 to be printed here as this is really interesting level on weekly time frame.
And because anything can happen, there is a stop-loss down there below previous higher low.
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buying tops / selling bottoms
  • #22,991
  • Nov 26, 2018 3:36pm Nov 26, 2018 3:36pm
Quoting Davit
{quote} He is incorrect and you are incorrect.Nothing personal. Lot of "traders" get this wrong.I stated I measure retracement. I drew correctly image on left bullish retracement. you both have been removed for wasting my time since simple google search would of solved your issues {image}
Hey Davit, unfortunately this was brought to my attention by a concerned PM message and I happened to check my pm messages. Why I can't tell you but I wont do it again till next year so I'm not bothered by remedial nonsense. That said, in the interest of being fair I'll respond briefly and leave it at that. The fact is you and Degolep are both slightly incorrect. You are slightly incorrect based on the fact that your pic you posted does not match your explanation although the area you have highlighted does have some significance and degolep's explanation does not match his/her picture they posted.

Crocodilerex is correct however and maybe he deserves to be removed I dont know and frankly don't give a rat's arse!. He is no friend or buddy, or follower of mine and quite frankly I dont care for his/her shitty attitude about the whole thing. (Quite frankly cant understand why people get ridiculous attitude with a thread moderator anyway. If you don't like what they are posting either ignore or stop following. people act like they have to protect the masses. I guess that's the problem with being a follower vs a leader.).

I think upon further review you may see it clearer. I will add this, if that's how you want to do you Fibonacci analysis then by all means who is anyone to judge. You do you and trade your plan after all its working and you of course know what you want to do in your own way. Do what you want with this information It doesn't matter to me, just thought I would clear things up for some of the people that come to my thread concerned about how to measure the harmonic rhythm of the market. Thats all I'll say on the matter and will not entertain anyone else's concern about how someone does their analysis. Hope it helps you and your crew here at the Pivot trading thread. Keep up the awesome work you do and stay the leader you have become! Enjoy this time with your loved ones and As always......

Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #22,992
  • Nov 26, 2018 11:52pm Nov 26, 2018 11:52pm
Quoting J1mm
{quote} Sure! {file}
Thank you very much
Science and art
  • #22,993
  • Nov 27, 2018 1:52am Nov 27, 2018 1:52am
I am in long AN trade since a while and what I struggle to understand is that the worse news come out on NZD the stronger it is.
Then I ask myself by what is backed NZD currency and apart from dairy a few things come to my mind, nor oil neither gold... so what ?

Maybe we'll know more on this tomorrow after Gov Orr speak and ANZ Business Confidence release.
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Porta itineris dicitur longissima esse
  • #22,994
  • Nov 27, 2018 2:34am Nov 27, 2018 2:34am
Quoting bubincka
I am in long AN trade since a while and what I struggle to understand is that the worse news come out on NZD the stronger it is. Then I ask myself by what is backed NZD currency and apart from dairy a few things come to my mind, nor oil neither gold... so what ? Maybe we'll know more on this tomorrow after Gov Orr speak and ANZ Business Confidence release. {image} {image} {image}
yep, NZD pair little bit weird...
  • #22,995
  • Nov 27, 2018 2:47am Nov 27, 2018 2:47am
Behaviour of CAD surprising since previous week news came good. Oil is flat now
  • #22,996
  • Nov 27, 2018 3:00am Nov 27, 2018 3:00am
Quoting bubincka
I am in long AN trade since a while and what I struggle to understand is that the worse news come out on NZD the stronger it is. Then I ask myself by what is backed NZD currency and apart from dairy a few things come to my mind, nor oil neither gold... so what ? Maybe we'll know more on this tomorrow after Gov Orr speak and ANZ Business Confidence release. {image} {image} {image}
Hi Bubinka, I think if you zoom out on the 4hr chart you'll see that this pair is on a down trend (curve/arc) from September. That's why the momentum is generally down. Price is right at the top of the down trend just now.
  • #22,997
  • Edited 3:26am Nov 27, 2018 3:01am | Edited 3:26am
Ec has not gone the way I thought. I don't expect it to break s1 but I do expect it to least touch it on the short term. It went back up near pp and I put another sell on this one with a trail stop. So far its been overall choppy, with EUR expected to slow this Q I was hoping to see it start to fall round today and Thurs after brexit agreement momentum subsides. I would keep an eye on the PA. As I have a feeling with oil still relatively low. This may reverse and go in eur favour before it hits the s1ps. Hopfully we will be out by then with our pips.
  • #22,998
  • Nov 27, 2018 3:16am Nov 27, 2018 3:16am
Quoting TightStops
{quote} Hi Bubinka, I think if you zoom out on the 4hr chart you'll see that this pair is on a down trend (curve/arc) from September. That's why the momentum is generally down. Price is right at the top of the down trend just now.
Hi TightStops, thank you for your comment.

Technically speaking there's no doubt that main trend for AN is down even if close to a probable reversal, my question (and curiosity) is addressed to discover which are the fundamental reasons behind NZD recent strength-

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #22,999
  • Nov 27, 2018 3:34am Nov 27, 2018 3:34am
Quoting bubincka
{quote} Hi TightStops, thank you for your comment. Technically speaking there's no doubt that main trend for AN is down even if close to a probable reversal, my question (and curiosity) is addressed to discover which are the fundamental reasons behind NZD recent strength- Best regards, Bubincka
Sorry, what I was trying to say is that trend most often wins over fundamentals imo. ;-)
  • #23,000
  • Nov 27, 2018 4:24am Nov 27, 2018 4:24am
Quoting TightStops
{quote} Sorry, what I was trying to say is that trend most often wins over fundamentals imo. ;-)
Fundamentals could easily start a new trend.
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