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Pivot Trading

  • #23,781
  • Dec 25, 2018 5:34pm Dec 25, 2018 5:34pm
Quoting ppxdf
{quote} Strange that for your broker. I use oanda. CAD/JPY : 1.3585 USD/CAD : 81.440
no, not my broker mate. it was from https://xe.com/currencyconverter/con...rom=EUR&To=USD
  • #23,782
  • Dec 25, 2018 5:41pm Dec 25, 2018 5:41pm
Quoting General Lee
{quote} no, not my broker mate. it was from https://xe.com/currencyconverter/con...rom=EUR&To=USD

https://www.investing.com/currencies/usd-cad

and
https://www.tradingview.com/symbols/USDCAD/
  • #23,783
  • Dec 25, 2018 5:44pm Dec 25, 2018 5:44pm
from investing
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  • #23,784
  • Dec 26, 2018 1:54am Dec 26, 2018 1:54am
Quoting General Lee
{quote} CADJPY {image}
Don't confuse exchange rates with trading chart data.
On my broker ICMartkets that weekly demand zone is still holding so the analysis is still valid.
Cheers
  • #23,785
  • Dec 26, 2018 7:02am Dec 26, 2018 7:02am
Quoting Davit
Once again we don't sell at Key S pivots 61-100 and we don't buy at R61-100 There are no exceptions just DON'T Don't fall for any Moving average! Forces that can move price are not moving averages!There is a reason that my chart/ system does not have MA's {image}
Hi Davit,
Where did you get the calendar indicator?
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  • #23,786
  • Dec 26, 2018 9:02am Dec 26, 2018 9:02am
Quoting monit0r
{quote} Hi Davit, Where did you get the calendar indicator? {image}
Please read page 1: you'll find the answer to all you questions
Discipline and winning attitude
  • #23,787
  • Dec 26, 2018 11:46am Dec 26, 2018 11:46am
Quoting Davit
{quote} Market is waiting for this since earlier data was a mix bag We may see huge positions dropped closer to 3-4 afternoon {image}
hi davit last week eurcad range pivort zone re entry today
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  • #23,788
  • Dec 27, 2018 7:27am Dec 27, 2018 7:27am
EC approaching R61 zone
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"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #23,789
  • Dec 27, 2018 7:36am Dec 27, 2018 7:36am
Quoting OhComeOn
EC approaching R61 zone {image}
I' m already short and take the swap!
  • #23,790
  • Dec 27, 2018 8:26am Dec 27, 2018 8:26am
Quoting renkotop
{quote} I' m already short and take the swap!
Hi renkotop,

I'm in short too, but since too early, good the swap is on our side.

CAD is driving me crazy, it's a bit difficult for me to understand why such a big country's economy and currency depend so heavily on oil only.
I can understand it well for Saudi Arabia and other OPEC countries, for Canada it's harder to believe.
Porta itineris dicitur longissima esse
  • #23,791
  • Dec 27, 2018 8:47am Dec 27, 2018 8:47am
Quoting bubincka
{quote} Hi renkotop, I'm in short too, but since to early, good the swap is on our side. CAD is driving me crazy, it's a bit difficult for me to understand why such a big country's economy and currency depend so heavily on oil only. I can understand it well for Saudi Arabia and other OPEC countries, for Canada it's harder to believe.
Hi Bubincka , I can weigh in on this because I live in Canada. Firstly , like most Countries , our Politicians couldn't organize a good shit. The infrastructure to get our oil to markets SHOULD have been in place in the late Seventies. Secondly , our oil is located in only 2 Provinces , Alberta and Saskatchewan , whose Provincial Politicians and citizens were on party mode since the sixties , now they are crying poor mouth. Our oil is sold at a massive discount to the US , if I had the power this would never occur. Now that the US has become a producer of oil , it would make sense to sell its oil for market prices when they can import Canadian oil for a $15 -$18/bbl discount !!! Energy accounts for approximately 10-12% of our GDP ,( so we are told). Thin markets at this time of year allow the loonie to be pushed around quite easily. Actually , Saudi Arabia created this mess 2 years ago and now it has come home to roost with a massive oversupply on the markets. Saudi Arabia "told the world" that they were cutting production when they actually went into overproduction mode , thus , creating this glut. Actually , I believe Davit stated that historically oil has started to trade higher in January ( I think he stated that). A good cold snap will eat up a huge amount of oil within 1 week. We need a weather event , in my opinion.
"Define the risk OUT of your trade"--Mark Douglas
  • #23,792
  • Dec 27, 2018 10:41am Dec 27, 2018 10:41am
Quoting GreenEarth
{quote} Hi Bubincka , I can weigh in on this because I live in Canada. Firstly , like most Countries , our Politicians couldn't organize a good shit. The infrastructure to get our oil to markets SHOULD have been in place in the late Seventies. Secondly , our oil is located in only 2 Provinces , Alberta and Saskatchewan , whose Provincial Politicians and citizens were on party mode since the sixties , now they are crying poor mouth. Our oil is sold at a massive discount to the US , if I had the power this would never occur. Now that the US has become...
Hi GreenEarth,

thanks for the detailed explanations, now the scenario looks more clear to me.
I agree with you that something has to happen to bring back CAD on track.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #23,793
  • Dec 27, 2018 11:50am Dec 27, 2018 11:50am
Quoting bubincka
{quote} Hi renkotop, I'm in short too, but since too early, good the swap is on our side. CAD is driving me crazy, it's a bit difficult for me to understand why such a big country's economy and currency depend so heavily on oil only. I can understand it well for Saudi Arabia and other OPEC countries, for Canada it's harder to believe.
Nothing to overthink here. It's the end of the year.
  • #23,794
  • Dec 27, 2018 1:23pm Dec 27, 2018 1:23pm
Hi guys
Some intense stop hunting but I escaped relatively light damage. Gave back some profits.Its fine one can't predict these kinds of wild moves but generally perhaps should of taken entire Dec off.Next year will do that.Liquidity not there and moves are erratic.
Anyway I spent Christmas alone since my family on vacation (my new job did not give me that option 90days probation period.)
Took the opportunity to play with my New to me Canon T6 DSLR
Here is one I really like self portrait (since I am alone...)
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In trading, you have to be defensive and aggressive at the same time
  • #23,795
  • Dec 27, 2018 1:27pm Dec 27, 2018 1:27pm
Little more "artistic"
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In trading, you have to be defensive and aggressive at the same time
  • #23,796
  • Dec 27, 2018 2:03pm Dec 27, 2018 2:03pm
http://vestnikkavkaza.net/news/Russi...companies.html
  • #23,797
  • Dec 27, 2018 2:48pm Dec 27, 2018 2:48pm
Quoting bubincka
{quote} Hi renkotop, I'm in short too, but since too early, good the swap is on our side. CAD is driving me crazy, it's a bit difficult for me to understand why such a big country's economy and currency depend so heavily on oil only. I can understand it well for Saudi Arabia and other OPEC countries, for Canada it's harder to believe.
I' m currently in DD. And this CAD is dependent on OIL. I think for the oil multies is would be better to see a higher oil Price. So they are going to push Price. And then they will push CAD. So sooner or later we will win.

I' m i big shit, to be honest. But I load Longs for every pair for CAD!!!

I will work!
  • #23,798
  • Dec 28, 2018 4:32am Dec 28, 2018 4:32am
Quoting renkotop
{quote} I' m currently in DD. And this CAD is dependent on OIL. I think for the oil multies is would be better to see a higher oil Price. So they are going to push Price. And then they will push CAD. So sooner or later we will win. I' m i big shit, to be honest. But I load Longs for every pair for CAD!!! I will work!
I opened 2 long positions on AC because this is what PA indicated to me.
  • #23,799
  • Dec 28, 2018 5:39am Dec 28, 2018 5:39am
Quoting renkotop
{quote} I' m currently in DD. And this CAD is dependent on OIL. I think for the oil multies is would be better to see a higher oil Price. So they are going to push Price. And then they will push CAD. So sooner or later we will win. I' m i big shit, to be honest. But I load Longs for every pair for CAD!!! I will work!
Me too have accumulated a certain DD holding long positions in CAD. What is certain is that the loonie has for some time been consistently the weakest of all currencies and this happens not only in this thin liquidity market of year end. At the moment there are no signs of inversion except for the fact that compared to many pairs it's trading close to extreme values. Being so dependent on oil price, only a appreciation of this latter could raise the CAD.
Porta itineris dicitur longissima esse
  • #23,800
  • Dec 28, 2018 2:47pm Dec 28, 2018 2:47pm
why you friends just look price action like andoseg2 show you,do not targeting top and bottoms,no good.happy New Year reg ,, paavo
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