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Pivot Trading

  • #25,841
  • Feb 21, 2019 11:57am Feb 21, 2019 11:57am
I live in EU we have 1:30 So I use it.
  • #25,842
  • Feb 21, 2019 11:58am Feb 21, 2019 11:58am
Quoting pgr45za
Weidmann reappointed at Bundesbank for another 8y, means he WON'T be going to ECB. Expect EUR to fall.
Thanks Pedro...one thing I know for sure is that we will get the most obscure yet informative fundamentals from you. Some of which otherwise we would not know.
Invest in Life
  • #25,843
  • Edited 12:36pm Feb 21, 2019 12:25pm | Edited 12:36pm
I know GN is a hyper pair - so this is just for educational purposes: See on H4 how R61 is serving as a barrier and looking left this has been a previous R/S?
Clearly shortable, in theory. I won't be doing so because of Brexit.

AC L is a better nibble (even with retail sales out tomorrow on C). ADR is 286%, what seems to be a rejection candle low on H4 and location S100.

CJ S is another possibility.
  • #25,844
  • Edited 3:53pm Feb 21, 2019 1:38pm | Edited 3:53pm
scalping, short target to the daily open 110.59
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  • #25,845
  • Feb 21, 2019 1:45pm Feb 21, 2019 1:45pm
USD/CAD and a bunch of similar CAD pairs.

I got about 1/4 of my normal position. I had my reasons (News Event Risk), I'd rather be at a 1/4 of my position size and swimming in profit, than a full size position sitting in DD.

Best to you all!
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  • #25,846
  • Feb 21, 2019 2:18pm Feb 21, 2019 2:18pm
Did I miss anything? I guess not. Poloz decides to bring C down a bit. Nice. Bough AC. Sold UJ . Bought UC. A bit late. Was really busy at work today.
  • #25,847
  • Feb 21, 2019 2:44pm Feb 21, 2019 2:44pm
Easy peasy. I could have entered a little bit earlier.
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  • #25,848
  • Feb 21, 2019 2:46pm Feb 21, 2019 2:46pm
Aud manipulated like ping pong ball!
  • #25,849
  • Feb 21, 2019 2:54pm Feb 21, 2019 2:54pm
Quoting Davit
{quote} read the 1st page "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. "
Davit Trade Worksheets & Log

Refer Pivot Trading (Davit), Post 20,645, June 23, 2018: Page 1033, https://www.forexfactory.com/showthr...7#post11195337
and Weekly Pivot Trading with TDI, Post 5129, October 23, 2018: Page 257 https://www.forexfactory.com/showthr...0#post11616190

In working with a very sizable number of traders through PM’s over the months we have updated the Trade Worksheet and Log. Downloads from all sites and clipboard exceed 7000. This version compiled by input from traders (Thank you all) now contains information in line with Davit’s trade preferences. There may be some contradictions in Davit’s trade preference. We would welcome Davit’s input to make corrections as necessary.

Above all refer to Page 1.

Perhaps, traders who are relatively new could at least look at this Log – it may slow down the questions that continue to frustrate Davit?
Yes, it does still have reference to TDI and Angleator to those who are more content to continue with these “trading (training) wheels”. However, you may ignore.

We have been working with this Trade Worksheet and Log since late November 2018 and have made very few modifications. Look at it and offer constructive comments. Thank you.

Remember Post 5,096 and Davit’s more recent comments where he no longer uses TDI and Angleator:

Refer Davit’s Post 5,096, Page 255 October 22, 2018 in which he states:
“Just a reminder guys.
You will read lots of posts contrary what this thread is about often from amateurs.
Stay focused.
I don't trend divergence, market profiles, strength meters, trend lines, oscillator OB OS and rest of traditional technicals that majority of retail traders use and majority lose money.
Stay focused on pivots and PA.”

These words are so relevant! It is PA at Pivot Zones we must concentrate on.
Attached File(s)
File Type: pdf Davit Weekly Pivot Trading - Trade Entry-Exit GMO vs 2-05 2-19-19.pdf   175 KB | 1,742 downloads
  • #25,850
  • Feb 21, 2019 3:09pm Feb 21, 2019 3:09pm
AC
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  • #25,851
  • Feb 21, 2019 3:21pm Feb 21, 2019 3:21pm
Quoting Gmo
{quote} Davit Trade Worksheets & Log Refer Pivot Trading (Davit), Post 20,645, June 23, 2018: Page 1033, https://www.forexfactory.com/showthr...7#post11195337 and Weekly Pivot Trading with TDI, Post 5129, October 23, 2018: Page 257 https://www.forexfactory.com/showthr...0#post11616190 {image}
I have them since your original post. Thank you for the update. Great job!
Invest in Life
  • #25,852
  • Feb 21, 2019 3:24pm Feb 21, 2019 3:24pm
Still holding my EA short. ADR overstreched as compared to the avrg 20 day ADr

AUD has been behaving weird lately; every positive news is accompanied by a negative statement that causes massive sell off.

I've just seen this "Australian Minister Frydenberg denies China has banned Australia imports
Comments from Josh Frydenberg, Minister for Resources and Northern Australia" hopefully together with RBA Gov Lowe speech will fuel AUD
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  • #25,853
  • Feb 21, 2019 4:40pm Feb 21, 2019 4:40pm
Live audio of Lowe Interview

https://www.aph.gov.au/News_and_Events/Watch_Parliament

Select House of Representatives, should be the third one.

He is reading his speech now, which was released. This will be followed by Q&A. The Q&A is where it will get interesting perhaps.

If you have the time to listen, it is really valuable to understanding fundamental policy of AUD going forward. Certainly one could trade AUD currency pairs without knowing and understanding anything. But you will be missing fundamental understanding. I'm sure they will save the audio for playback later. All these bankers are boring as can be...

Have fun!
  • #25,854
  • Feb 21, 2019 5:45pm Feb 21, 2019 5:45pm
AUD is like a child learning to walk
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In trading, you have to be defensive and aggressive at the same time
  • #25,855
  • Feb 21, 2019 5:50pm Feb 21, 2019 5:50pm
Quoting Davit
AUD is like a child learning to walk {image} {image}
EUR/USD is like a stubborn child. waiting for this to drop
  • #25,856
  • Feb 21, 2019 6:12pm Feb 21, 2019 6:12pm
Quoting RieseP
{quote} EUR/USD is like a stubborn child. waiting for this to drop
And UJ is indecisive child. Does not know where to go!
  • #25,857
  • Feb 21, 2019 6:17pm Feb 21, 2019 6:17pm
Extremely Hot week guys! I think I have no emotions by Friday. I used them all. Great trading this week. Davit- you are the Man. One day I will trade like you and maybe better. I hope....,
Good luck everyone tomorrow. I am off for 3 days. Going skiing. Well deserved it this week. See you guys on Sunday night. My guess is AUD will be on everyone radar after all jumps and rumors.
  • #25,858
  • Feb 21, 2019 6:27pm Feb 21, 2019 6:27pm
Quoting denisius
Extremely Hot week guys! I think I have no emotions by Friday. I used them all. Great trading this week. Davit- you are the Man. One day I will trade like you and maybe better. I hope...., Good luck everyone tomorrow. I am off for 3 days. Going skiing. Well deserved it this week. See you guys on Sunday night. My guess is AUD will be on everyone radar after all jumps and rumors.
Sounds kind of unusual you are hot and you are going to skiingThought maybe going to swim?
Enjoy your get away
In trading, you have to be defensive and aggressive at the same time
  • #25,859
  • Feb 21, 2019 6:33pm Feb 21, 2019 6:33pm
who needs music or radio when you are riding MV Agusta
Will make you 10yrs younger by just riding this supermodel
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In trading, you have to be defensive and aggressive at the same time
  • #25,860
  • Feb 21, 2019 6:37pm Feb 21, 2019 6:37pm
Jay Leno has one and he bought it when he was struggling comic....He is a Moto head like me
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In trading, you have to be defensive and aggressive at the same time
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