USD ISM Manufacturing PMI if prints red may start the corrections moves .
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Open Trade near Pivot line (Pivot Point) 14 replies
Weekly Pivot to Pivot Trading 19 replies
The Pivot Net Revisited (Weekly Pivot Net) 41 replies
Help with daily pivot, weekly pivot on MT4 3 replies
Pivot high - Pivot low MT4 3 replies
DislikedI liked the M formation on the 15M chart and took the trade because of the pivot point, the fact that Friday is a good reversal day because the MM's need liquidity after shoving GA up all week, and it had room to the downside to grab some low lying fruit down in the 1.8630 range. I'll see how it goes. I'm keeping the trades small today because I don't want to give anything back on the week. I'm open for thoughts or corrections. I know the GBP's are risky but this one looked and felt good to me. {image}Ignored
Disliked{quote} Forecast is better, how do you know it is expected to be bad?Ignored
Disliked{quote} You have a butterfly on H4 in your favor. I wouldn't be too hasty in TP. {quote} I expect it to be worse than forecast.Ignored
Disliked{quote} Any reasons? any research help you come to that conclusion? or just instinct? I'm interested to know peoples takes on forecasts and how they can actually cut through the forecast and see what real numbers may actually be.Ignored
Disliked{quote} Thanks! I don't know too much about butterflies but I did take some profits and I'm letting the rest run. I don't trust these GBP pairs and I don't think they respect butterflies or anything else but I liked the price action so I'll see what shakes outIgnored
DislikedUsdJpy. The importance of reading the PA. As we can see the overal trend is long. Yesterday there was a breakout, after a consolidation phase. When this happens is too risky to take a counter trend trades even at pivot levels (now we are in a distribution phase). Davit was very smart to take some shorts at right time (consolidation)... timing and momentum is fundamental. {image} {image}Ignored
Disliked{quote} Following the press. Listening to bank governors. {quote} Harmonics. Google it. Fibonacci patterns. Along with Eliott waves, they help but would say they're a bell and whistle. What Davit uses here is more than enough. But if one needs confluence to pull the trigger ... there you go! On GA, here's a nice final fibo ext. {image}Ignored
Disliked{quote} Me too. Maybe my TP level set some pips above WR61 could be too optimistic, I'll try to monitor it and being in time to exit if it will go against me. {image}Ignored
Disliked{quote} You have a butterfly on H4 in your favor. I wouldn't be too hasty in TP. {quote} I expect it to be worse than forecast.Ignored
Disliked{quote} Massive profit with amazing DD. Excellent and well done.Ignored
Disliked{quote} Wow wow wow!! This is incredible and unbelievable! 21k+ with drawdown of less than 0.50%....... you are a legend Salute!!Ignored
DislikedUsdJpy. The importance of reading the PA. As we can see the overal trend is long. Yesterday there was a breakout, after a consolidation phase. When this happens is too risky to take a counter trend trades even at pivot levels (now we are in a distribution phase). Davit was very smart to take some shorts at right time (consolidation)... timing and momentum is fundamental. {image} {image}Ignored