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  • #25,501
  • Feb 18, 2019 1:28pm Feb 18, 2019 1:28pm
I apologize for the phone screen. I said before I am very rare in front of the computer. Mostly on the run at work. This behavior almost identical. At least what I see. Been repeated numbers of times already. As Davit said, spike to 70-50 area it is right where previous spike was. Before further north.
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  • #25,502
  • Feb 18, 2019 1:49pm Feb 18, 2019 1:49pm
Quoting EeZeeTrader
{quote} Nice work mate. Wish I had more time behind the computer. Day job not allowing me any pc time. Trading on the phone is just not the same, would've liked the pivots on my phone.
Hi EeZeeTrader,

rent a VPS for $15/month and use remote desktop app from your smartphone or small tablet.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #25,503
  • Feb 18, 2019 2:09pm Feb 18, 2019 2:09pm
Quoting EeZeeTrader
{quote} Nice work mate. Wish I had more time behind the computer. Day job not allowing me any pc time. Trading on the phone is just not the same, would've liked the pivots on my phone.
It's simple. Use fib levels in your mob terminal. 0 level= WPP; 100 level= R/S 100 & adjust other levels you require.
  • #25,504
  • Feb 18, 2019 2:31pm Feb 18, 2019 2:31pm
Turkish economy is vulnurable however, ruling politicians want to draw a normal picture until elections for municipalities. Also Turkey's interest rate is 25%. This can be a good area to sell. I will watch it tomorrow early hours.
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  • #25,505
  • Feb 18, 2019 2:51pm Feb 18, 2019 2:51pm
There will be Poloz speech and Retail Sales news for CAD on Thursday. Trying to be ready for action.
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  • #25,506
  • Feb 18, 2019 3:03pm Feb 18, 2019 3:03pm
Quoting Davit
{quote} actually not a bad plan like closer to 10.80-11 be mindful feds minutes weds
I favour AU long on dips and UJ short on rallies.
Therefore, for me, I won't be long AJ or NJ.

News provides the volatility that provides opportunities for good entries.
  • #25,507
  • Feb 18, 2019 3:06pm Feb 18, 2019 3:06pm
Quoting MoneyTalks58
There will be Poloz speech and Retail Sales news for CAD on Thursday. Trying to be ready for action. {image}
I think there will be a pull back on GC to WS38 and push up.
  • #25,508
  • Feb 18, 2019 3:17pm Feb 18, 2019 3:17pm
@asyurei3.......appreciate the Mark Douglas videos you posted at post # 25,433. I certainly understand better how Davit views the market without fear, why he predetermines the risk and why he executes almost on auto pilot....I see a lot of Mark Douglas in his view of the market and more than anything, the edge he works from.

Every trader I know is governed by the 4 fears outlined in his lectures to some extent. One I recognized in myself is what I focus on when in a long trade, and what I focus on during a short trade and how that focus causes me to hold bad trades too long, or good trades closed too soon. Can everyone define the meaning of “shiting like an elephant, eating like a bird”?
Well, listen to video 4 at the very least to define that quotation...lol
  • #25,509
  • Feb 18, 2019 4:18pm Feb 18, 2019 4:18pm
Quoting EeZeeTrader
{quote} Nice work mate. Wish I had more time behind the computer. Day job not allowing me any pc time. Trading on the phone is just not the same, would've liked the pivots on my phone.
Check out my previous posts, I posted a "how-to" get the full Davits Pivots trading screen on your phone.
  • #25,510
  • Feb 18, 2019 5:11pm Feb 18, 2019 5:11pm
Hi guys
By 7pm EST we should see more volatility on A pairs. AU drop close to 71 would be nice and AJ 7850 where I am looking at.
Seat back relax and possibly make money.
In trading, you have to be defensive and aggressive at the same time
  • #25,511
  • Feb 18, 2019 5:17pm Feb 18, 2019 5:17pm
Quoting denisius
{quote} I don’t know guys. Even I am a big dollar seller this year but I think UJ is not in the right location yet. 110-109.75 can work as a good support. Below it can trigger sell off. All depends on catalysts. My 2 cents.
Hi Denisius
Might be little confused my post and his post was not buying but selling at 11 or close to it. We didn't talk about buying...
regards
In trading, you have to be defensive and aggressive at the same time
  • #25,512
  • Edited 5:35pm Feb 18, 2019 5:25pm | Edited 5:35pm
want to show you mistake I made.
Bought AU then realized with all data this week promptly closed and it was right decision because I would of had worthless DD to deal with.
Why the trade? Bored maybe? Yes but caught myself flat and corrected. Showing this because I am human sometimes do make mistakes but I have enough experience to see it clearly.
I am not guru and not an expert but do nail profitable trades consistently.I am in constant mode to improve what I do.What and how I traded last year I can noticeably tell I am doing it better now.Hitting the losers early on.Goal is to minimize DD as low as possible even though I have over 60k free margin but that's irrelevant what's relevant is keeping your troops healthy for battle without the DD dragging things down
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In trading, you have to be defensive and aggressive at the same time
  • #25,513
  • Feb 18, 2019 5:56pm Feb 18, 2019 5:56pm
Once again Pairs I often trade and recommend

All majors minus (USD/CHF) if you don't know what is major you should not be here
Favorite Crosses often traded

CJ AJ NJ NC AC
AN EC EG EA

Sometimes deviate on other pairs when I see a great set up like GC previous week but for most part stick to pairs I am comfortable trading.
Commodity pairs and their relevant crosses are my favorites.Why? Easier to trade and often rangy and range is good.Forget what you heard from trading books range is where money is.

Pairs don't recommend
GN GJ GA all variations of CHF should be avoided.
Hyper pairs like I mentioned are in my experience don't fall into position building well and if got it wrong can be account draining.Ironically where lots of noobs get killed.I seriously think if you don't have solid experience and know what you are doing you should not even have GJ GN GA on your charts.
In trading, you have to be defensive and aggressive at the same time
  • #25,514
  • Edited 7:31pm Feb 18, 2019 7:03pm | Edited 7:31pm
Well price on all the AUD and NZD pairs not where I'm interested in getting larger positions (maybe some scalp here or there only). My feeling is tomorrow NZD news will be good, than following that will be bad AUD news that is what makes sense to me. NZD and AUD both got troubles but for now it looks like AUD got more problems I say that based on the Central Banks statements and the data we seen so far.

All that said maybe price will drift down to points where I value. Otherwise may be until the end of weak before I start building positions, maybe even next week for me. Anything can happen so I will be alert to changing conditions, surprise news, and PA.

If I start to build a position off a pivot I will post it.

EDIT: After spending another 30 minutes + reviewing charts info. There isn't anything jumping out to me for a slam dunk trade, but AUD/CAD NZD/CAD if they can get a push back up and double top than that seems like a nice short to me. Also USD/JPY I'm waiting for a nice spike up to short.

Should be some big time dollar weakness coming after US FED meeting minutes Wednesday, US data upcoming should be weak as well. Sometimes though when price is at an extreme point even the news is bad/good price just moves opposite the way it should.

EDIT: Last week had a lot of slam dunk trades, this week off to a slow start. I think I will have to look to USD EUR GBP pairs for trades. There may be a sweet EUR/USD trade but I'm looking for 1.1220; might be a sweet EUR/GBP long trade but it not low enough for me yet.
  • #25,515
  • Feb 18, 2019 7:16pm Feb 18, 2019 7:16pm
Quoting Davit
want to show you mistake I made. Bought AU then realized with all data this week promptly closed and it was right decision because I would of had worthless DD to deal with. Why the trade? Bored maybe? Yes but caught myself flat and corrected. Showing this because I am human sometimes do make mistakes but I have enough experience to see it clearly. I am not guru and not an expert but do nail profitable trades consistently.I am in constant mode to improve what I do.What and how I traded last year I can noticeably tell I am doing it better now.Hitting...
I am following your footsteps. Funny. did the same. Quickly realized that this will take Aud even lower. And by the end of the week Lowe can make a swing up off the lower pivots. But i was expecting to be opposite. admitting accepting and moving on.
  • #25,516
  • Feb 18, 2019 11:07pm Feb 18, 2019 11:07pm
Quoting Nostromo
{quote} Check out my previous posts, I posted a "how-to" get the full Davits Pivots trading screen on your phone.
Thanks Nostromo
Will have a look later today when I get a chance.
Ask and you look stupid for 5 minutes. Don't ask and stay stupid forever.
  • #25,517
  • Feb 18, 2019 11:18pm Feb 18, 2019 11:18pm
3 years of reading without having an account in forexfactory. Now, I'm here ready to contribute and be part of the amazing Pivot Trading community! Thank you Davit for everything, reading and understanding your context is the key to unlocking the secrets of Pivot Trading!
  • #25,518
  • Feb 19, 2019 12:03am Feb 19, 2019 12:03am
AJ buys made from the 30 min chart

I really wanted to 78.500 level zone most of my larger .03 scaled in lots are as close to there as the spread would allow

I then put the next batch at the WPP of .01 size and the finally batch scaled in around the 78.650

My target zone to get my batch of entries placed was 78.700 - 78.500
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  • #25,519
  • Feb 19, 2019 12:15am Feb 19, 2019 12:15am
Closed 1600 pips on NU letting the other 400 ride for a bit
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  • #25,520
  • Feb 19, 2019 12:30am Feb 19, 2019 12:30am
Quoting Nextgendad
Closed 1600 pips on NU letting the other 400 ride for a bit {image} {image}
Mayb its 160 pips?)
I wonder, Davit, and what do you think about EURUSD?
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When you do not understand what to do, do not do anything.
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