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Pivot Trading

  • #26,041
  • Feb 24, 2019 4:48am Feb 24, 2019 4:48am
Quoting Davit
{quote} how did you get such low numbers on AC? Did you place limit buys?

I entered off of the 15 min chart on the spike down to the 61.8 daily / 138 pivot

I had entries at the 100 and a little above too they don't show though because i closed the higher buys when it moved up and held my lowest entries for the weekend

the 100 to 138 zone was my original target to buy
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  • #26,042
  • Feb 24, 2019 5:26am Feb 24, 2019 5:26am
Quoting Davit
There are three versions of quarterly retail sales all coming out at the same time: Sunday 22:45 CET (or 16:45 EST). The data is relevant to the next publication out of New Zealand expected on Tuesday evening. The start of the event is the quarterly change in retail sales. This is expected to accelerate to 1.3% growth, compared to the 0.0% reported previously. This is the figure the market usually focuses on. Additionally, we have Core Retail sales, which exclude automotive-related purchases. This data is expected to increase by 2.1% compared...
Where did you get this data from?
  • #26,043
  • Feb 24, 2019 5:49am Feb 24, 2019 5:49am
Quoting 1pipperhour
{quote} Where did you get this data from?
https://www.orbex.com/blog/en/2019/0...4-retail-sales
  • #26,044
  • Feb 24, 2019 6:52am Feb 24, 2019 6:52am
Mr Davit, Thanks for Your post #26,035 This weeks Calendar Events. For successful trading "Know Thy Enemy", well done Davit !!!
You NEVER will be the person you could be, without pressure & discipline
  • #26,045
  • Feb 24, 2019 9:27am Feb 24, 2019 9:27am
MT5 Users can use this EA of FF Calendar to for news information and can knows the enemy

i am using it in separate chart for this and triggerd alerts on
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Attached File(s)
File Type: ex5 FFCalendar.ex5   301 KB | 397 downloads
Trading is about paying attention. Davit
  • #26,046
  • Feb 24, 2019 10:23am Feb 24, 2019 10:23am
Davit,

I wanted to publicly apologize to you for a post I made on Friday. It was totally out of line. I am sorry for acting disrespectfully to you on your board, and I truly appreciate the work that you do here.

Sorry
  • #26,047
  • Feb 24, 2019 10:52am Feb 24, 2019 10:52am
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Quoting Davit
{quote} Trade demo until you get everything iron out even then reason its advance trading because dealing with real $$ changes everything hence you may technically know what to do but your trading psychology still not ripe yet. Trust me it will take 2years minimum for you to grow balls and 5+yrs until you start bouncing them around without fear.... green journey

I am not some young punk trader, rather, I am a woman who keeps people alive every day in high heels, so, I know pressure and I don't need balls to accomplish the objective, but I Do get what you're saying I'm not being cocky when I say that I don't trade demo but that's simply because I know that I perform better when I have something real invested. I'm only trading wee lots and learning from you as I go. You've become my guru on this trip because the pivots opened up a window to the forex world that I didn't have before. What has helped me in figuring out your Davit Pivot Point method has been zooming out the chart and putting the weekly Period Separator on for perspective on occasion as shown below with a bird's eye view of the action. Getting the distracting indicators off my charts lets me see the bigger picture then I zoom in and work from price action at the pivot points. I shorted UC Fri from work when I couldn't be fully invested then realized that news was coming out and thank God it helped my position. I'm still learning this news info from you all but I'm fairly certain they use it to grab stops and then drive the market in the direction they want it to go. I'm so glad you use news because I think it absolutely kills trader positions if they aren't paying attention. I lucked out on Friday but I hope to not be that unaware again.

I am very open for correction and guidance. I don't want to just be a reader and not contribute to your fine work here.

Again, many thanks, Davit.
  • #26,048
  • Edited 5:42pm Feb 24, 2019 3:31pm | Edited 5:42pm
Quoting 1pipperhour
{quote} Where did you get this data from?
Hey 1pipperhour,

As I am trying to study the Fundamentals, I did find link to these stats by clicking the "Detail" on the Calender for the NZD News,

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then the "Related Stores" which brought me to the link:

https://www.orbex.com/blog/en/2019/0...4-retail-sales

that notes:
"The start of the event is the quarterly change in retail sales. This is expected to accelerate to 1.3% growth, compared to the 0.0% reported previously. This is the figure the market usually focuses on."

Of course, Davit looks at a lot of other sources as he has mentioned in the past i.e. FxLive, Bloomberg, CNBC, etc., besides FF News.

To simply my life for the moment, I am going to study High and Medium News for the coming week, and use my MS Excel (like yourself to analyze) then, use my MS Access to crutch some numbers trying to keep variables to a minimum for each News Type to see how the overall experts expected value or overall sentiment coincides with the actual News outcome data using the above and ideally, I would like to generate predictive values (using sensitivity and specificity) for each event over a month then quarterly:

This will be my simple approach to actual fundamental data. The harder thing is to figure out what a speaker or group meeting will turn out to be which really requires a broader knowledge and better understanding on the market. But, it is experience and hard work.

Anyway, I hope this helps.

Stay Green and Best Regards,

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #26,049
  • Feb 24, 2019 3:59pm Feb 24, 2019 3:59pm
Look for NZDUSD .6861
Invest in Life
  • #26,050
  • Feb 24, 2019 4:16pm Feb 24, 2019 4:16pm
This is what's on my radar for tonight.

USD/CAD at S61

AUD/NZD at S100

Not sure if they even go that direction. But if they do I will be interested.
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  • #26,051
  • Feb 24, 2019 5:34pm Feb 24, 2019 5:34pm
Quoting milicentfx
Davit, I wanted to publicly apologize to you for a post I made on Friday. It was totally out of line. I am sorry for acting disrespectfully to you on your board, and I truly appreciate the work that you do here. Sorry
You're good don't worry.I was not offended.
In trading, you have to be defensive and aggressive at the same time
  • #26,052
  • Feb 24, 2019 5:36pm Feb 24, 2019 5:36pm
Quoting OnAJourney
{image} {quote} I am not some young punk trader, rather, I am a woman who keeps people alive every day in high heels, so, I know pressure and I don't need balls to accomplish the objective, but I Do get what you're saying I'm not being cocky when I say that I don't trade demo but that's simply because I know that I perform better when I have something real invested. I'm only trading wee lots and learning from you as I go. You've become my guru on this trip because the pivots opened up a window to the forex world that I didn't have before....
Journey at Pivots
In trading, you have to be defensive and aggressive at the same time
  • #26,053
  • Feb 24, 2019 5:38pm Feb 24, 2019 5:38pm
largest position I have this month on this $22 a pip
notice where retrace was
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In trading, you have to be defensive and aggressive at the same time
  • #26,054
  • Feb 24, 2019 5:45pm Feb 24, 2019 5:45pm
Quoting asyurei3
This is what's on my radar for tonight. USD/CAD at S61 AUD/NZD at S100 Not sure if they even go that direction. But if they do I will be interested. {image} {image}
CAD should get sell off from beginning of the week then gain later
Friday is CAD GDP
In trading, you have to be defensive and aggressive at the same time
  • #26,055
  • Feb 24, 2019 5:48pm Feb 24, 2019 5:48pm
Quoting Davit
largest position I have this month on this $22 a pip notice where retrace was {image} {image}

I am right there with you with a .20 total left running


Thank you Davit without your tread I would never have caught this move
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  • #26,056
  • Feb 24, 2019 6:07pm Feb 24, 2019 6:07pm
Interesting that despite of Retail Sales q/q 1.7% NZD practically almost stayed the same.Shows a clue where this is heading rest of the week.
This gap may close next 24hrs
Tues Powell plus CB dble hit on this and rest of majors.
Been making shitload on every swing on NC shorts hence do want NC going up then short it.Its basically free money. 9080-91 Hit it

There is inherent weakness on NZD since there are hints rates may be cut in the future.
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In trading, you have to be defensive and aggressive at the same time
  • #26,057
  • Feb 24, 2019 6:29pm Feb 24, 2019 6:29pm
Quoting Davit
Interesting that despite of Retail Sales q/q 1.7% NZD practically almost stayed the same.Shows a clue where this is heading rest of the week. This gap may close next 24hrs Tues Powell plus CB dble hit on this and rest of majors. Been making shitload on every swing on NC shorts hence do want NC going up then short it.Its basically free money. 9080-91 Hit it There is inherent weakness on NZD since there are hints rates may be cut in the future. {image}
Fully agree with you, may well enjoy living here ( NZ ) , but it's obviouse where our economy is headed, green pips from shorts.
  • #26,058
  • Feb 24, 2019 8:02pm Feb 24, 2019 8:02pm
Quoting Davit
Interesting that despite of Retail Sales q/q 1.7% NZD practically almost stayed the same.Shows a clue where this is heading rest of the week. This gap may close next 24hrs Tues Powell plus CB dble hit on this and rest of majors. Been making shitload on every swing on NC shorts hence do want NC going up then short it.Its basically free money. 9080-91 Hit it There is inherent weakness on NZD since there are hints rates may be cut in the future. {image}
Correct me if I'm wrong master. NZD has been on an upward trend with the NZD currency being used as a safe haven since 2018 4th quarter. I notice a slight correlation of it with EURUSD when I traded a couple of bulls trade beforehand.
  • #26,059
  • Feb 24, 2019 8:12pm Feb 24, 2019 8:12pm
Quoting thegrimreape
{quote} Correct me if I'm wrong master. NZD has been on an upward trend with the NZD currency being used as a safe haven since 2018 4th quarter. I notice a slight correlation of it with EURUSD when I traded a couple of bulls trade beforehand.
Please don't call me master it offends me.

Could you tell me what this thread is about?
In trading, you have to be defensive and aggressive at the same time
  • #26,060
  • Feb 24, 2019 8:14pm Feb 24, 2019 8:14pm
Quoting Davit
{quote} Please don't call me master it offends me. Could you tell me what this thread is about?
Sorry Davit. Just out of respect calling you master.
This thread is about trading Pivot with PA and at the same time keeping a conscious level of awareness on Fundamentals to comprehend the long-term aspects of a currencies valuation.
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