Pivot Trading

Quoting TamRoofer

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Wow!!! First time I notice that, go back to GbpCad H4 last tops and look at what dates it started to meltdown...?!!! 1 Jan, 1 Feb, next fall down, 1 March?

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Quoting Mundo

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Here is how to trade pivots (TS use weekly pivot, not daily Pivot..) As price travels progressively away from weekly pivot it becomes more likely to go into correction. 61 S/R key zone 78R/S is Scott Carney's last chance for reversal (spikes stops taken before reversal) 100R/S another major zone. Should price smash 100 S/R then you are in strong trend supported by fundamentals. {image}

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Quoting Mct63

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I compile a weekly summary of the EIA report in a excel file. The data is taken from p6 of the EIA report. For anyone interested in this type of information please see attached. This is my own analysis and is a rule of thumb approach. I think Oil will range from 60 to 50. Will look to short again closer to 60. {file} {image}

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Quoting denisius

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We are all in DD on GC. Question is wether we can manage DD or get out? According to our system we are way above 100 Pivot. Time to consider “ was it supported fundamentally “ probably. Brexit bs pushing it higher because there is No Brexit yet. All that hanging really in the air. If GB leaving EU with No deal that might will take G down a notch but overall LEAVING EU is good for G. Pound was always independent currency. Very strong by itself.

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Quoting Mundo

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Here is how to trade pivots (TS use weekly pivot, not daily Pivot..) As price travels progressively away from weekly pivot it becomes more likely to go into correction. 61 S/R key zone 78R/S is Scott Carney's last chance for reversal (spikes stops taken before reversal) 100R/S another major zone. Should price smash 100 S/R then you are in strong trend supported by fundamentals. {image}

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Quoting fibo38

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{image}

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Quoting Halfcents

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{quote} where u getting this? its not on ff

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Quoting Halfcents

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{quote} where u getting this? its not on ff

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Quoting pgr45za

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{quote} Fibo is a member of the UK Parliament

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Quoting Mct63

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{quote} For what it is worth I have made the following observation in regard to this system of trading. If price goes past the 61.8 - 100 Fib pivot levels and does not return to the weekly pivot. This can be regarded as a 'missed pivot'. The probability of price returning to next week's pivot is very high. You can use the following indicator which I got from Davits thread to check this out. Set the number of weeks to say 20 and look back on any missed pivots and you'll see that price almost always return to the following weeks pivot, only in exceptional...

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