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Pivot Trading

  • #27,201
  • Edited 11:11am Mar 17, 2019 8:50am | Edited 11:11am
EURUSD Thoughts!
Taught by some trading legends! it pays on the weekend to view Line Charts (Close Price)
Price movement is more clear less the candles and assists in analyses of Pairs.
Using Nostromo_Pivots_V2 you can post the next week's Pivots. Thank you Nostromo.
With EURUSD Note:
1. Up Arrows and PA when Market Opens above WP
2. Dn Arrows - PA when Market Opens below WP
3. EW Probability?
4. Fib. Extension (Expansion)
a. I - II : ABC sharp correction followed by;
b. III - IV : Horizontal correction - symmetrical triangle - draw lines III-B-D (or B-D) & A-C-E
c. V : 1.618 Fib Expansion = R61
PA to be carefully watched especially with Wednesday USD News.

Visit: https://www.forexfactory.com/news.php?do=news&id=896894
Attached Image (click to enlarge)
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  • #27,202
  • Mar 17, 2019 9:33am Mar 17, 2019 9:33am
Quoting Gmo
EURUSD Thoughts! Taught by some trading legends! it pays on the weekend to view Line Charts (Close Price) Price movement is more clear less the candles and assists in analyses of Pairs. Using Nostromo_Pivots_V2 you can post the next week's Pivots. Thank you Nostromo. With EURUSD Note: 1. Up Arrows and PA when Market Opens above WP 2. Dn Arrows - PA when Market Opens below WP 3. EW Probability? 4. Fib. Extension (Expansion) a. I - II : ABC sharp correction followed by; b. III - IV : Horizontal correction - symmetrical triangle - draw lines III-B-D...
I have a long signal in the bigger timeframes for EURUSD, so i think a long trade would be good choice in EURUSD. But i will wait for a retracement to get a lower entry.
  • #27,203
  • Mar 17, 2019 11:33am Mar 17, 2019 11:33am
Quoting CryptoC
{quote} I have a long signal in the bigger timeframes for EURUSD, so i think a long trade would be good choice in EURUSD. But i will wait for a retracement to get a lower entry.
I think the retracement is already, will continue down now. I see LL being formed on higher times. Now we have a nice space to fill going down.(1.11844)
Attached Image (click to enlarge)
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We obey the structure that results from the market's reaction
  • #27,204
  • Mar 17, 2019 11:39am Mar 17, 2019 11:39am
Quoting Egbert
{quote} I think the retracement is already, will continue down now. {image}
you might want to consider at least in EU that we will open the week above W1 pivot based on where current price closed,now i 'm not sure about continue up and come back later for test. but this things we will know after market will develop more to the right. usual i am focused on the pivot point cos from there i can hunt the best trades who can run almost all week or i can bank profit even before week end and so i can declare week over before even thursday to finish. but this is me...
cheer up!
Take what you can, give nothing back
  • #27,205
  • Mar 17, 2019 12:11pm Mar 17, 2019 12:11pm
Quoting pet3250
{quote} Many thanks GMO, appreciate your efforts. regards, Peter
His efforts are his !You should do your own analyses and calendar. This is individual thing for everyone doing theirs.There is no substitute.
In trading, you have to be defensive and aggressive at the same time
  • #27,206
  • Mar 17, 2019 1:09pm Mar 17, 2019 1:09pm
Quoting Gmo
My Calendar Analyses: Sunday, March 17 to Friday, March 22 Attached .pdf {image}
Comment: AUD AUDUSD – A “correction” (??) last week, will it be sustained? Still remains vulnerable to the downside? Is there a US-China deal in sight? AUD favored to downside? Will the WP offer Support (WP 0.7067) Up only 16 pips from previous week (0.7051) Will Support 0.7000-0.7020 hold? 2016 Low 0.6825 Be ready for a break North from WP to 0.7100, R61 or will it decline further to S61-S78? Wednesday USD announcements will be the big mover? If Monday AUD News prints +ve and NZD -ve Wednesday AUDNZD solid Buy potential +ve EUR News Friday, potential EURAUD Long? (Davit Preference Long always or No Trade)

in terms your comment of AUDUSD
i see it as vulnerable to the downside because it is suggesting that the short term uptrend from 0.7003
had completed at 0.7097 already. Another fall could be expected and next target would be at 0.7000 area.
Resistance is at 0.7097, only a break of this level could trigger another rise towards 0.7170

we can see LL at 0,7046
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  • #27,207
  • Mar 17, 2019 1:23pm Mar 17, 2019 1:23pm
One of my recent artwork
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Click to Enlarge Name: nuts.jpeg Size: 1.3 MB
In trading, you have to be defensive and aggressive at the same time
  • #27,208
  • Mar 17, 2019 1:42pm Mar 17, 2019 1:42pm
Quoting Davit
One of my recent artwork {image}
Its funny you mention art as it always brings back memories of my childhood, i was a graffiti artist from ages of 13-18 and then scene back then was massive we was in small crews and the community was fantastic. I would save my dinner money in the week to buy spray cans. I always say when i get time i will start doing a few pieces from home but never do. Funny how life takes over.
  • #27,209
  • Mar 17, 2019 1:47pm Mar 17, 2019 1:47pm
Quoting RieseP
{quote} Its funny you mention art as it always brings back memories of my childhood, i was a graffiti artist from ages of 13-18 and then scene back then was massive we was in small crews and the community was fantastic. I would save my dinner money in the week to buy spray cans. I always say when i get time i will start doing a few pieces from home but never do. Funny how life takes over.
take a pencil and draw.Just by focusing helps in trading and life.I think does not matter the medium.
cheers and thanks
In trading, you have to be defensive and aggressive at the same time
  • #27,210
  • Mar 17, 2019 1:54pm Mar 17, 2019 1:54pm
Quoting Davit
{quote} take a pencil and draw.Just by focusing helps in trading and life.I think does not matter the medium. cheers and thanks
Your right what is art? It someone expressing themselves and by doing so removing them from realities of life and causing a form of meditation.
  • #27,211
  • Mar 17, 2019 4:36pm Mar 17, 2019 4:36pm
New trading week here. EURAUD, EURCAD & EURCHF all on weekly pivot.
  • #27,212
  • Mar 17, 2019 5:20pm Mar 17, 2019 5:20pm
My notes for the week ahead attached.
I find it easier to have general comments and then more specific comment for each week under each currency.
I update continually as I read various news items.
Attached File(s)
File Type: docx Week 12.docx   23 KB | 385 downloads
  • #27,213
  • Mar 17, 2019 6:03pm Mar 17, 2019 6:03pm
Quoting Renkomaster
{quote} {quote} Davit: back testing is greatly exaggerated and falsely addressed.At any given time every price is unique.That means all players placing their orders and all different events fundamentals at play can't be replicated.Guys who are obsessed about back testing are delusional in terms of effectiveness of it.Think about this if back testing worked we could hire accountants and historians to trade and they would make millions but reality is not that simple.Could you have predicted Trump trade wars? or any other event.No impossible.One thing...
agree with trade situational ideas.

this is a treasure.
  • #27,214
  • Mar 17, 2019 9:27pm Mar 17, 2019 9:27pm
Quoting RieseP
{quote} Its funny you mention art as it always brings back memories of my childhood, i was a graffiti artist from ages of 13-18 and then scene back then was massive we was in small crews and the community was fantastic. I would save my dinner money in the week to buy spray cans. I always say when i get time i will start doing a few pieces from home but never do. Funny how life takes over.
Please do share some pictures of those glorious days ..
  • #27,215
  • Mar 17, 2019 11:36pm Mar 17, 2019 11:36pm
so glad to see this thread still being what it is
THANKYOU EVERYONE
I will get my head around this, but always can be wrong
  • #27,216
  • Mar 18, 2019 4:45am Mar 18, 2019 4:45am
Quoting Davit
One of my recent artwork {image}
I am a guitar teacher last 21 years everytime you speak of art davit we can see the reason why you succed in forex markets too imo
  • #27,217
  • Mar 18, 2019 5:19am Mar 18, 2019 5:19am
they are so beautiful.
I got this and two other couples
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  • #27,218
  • Mar 18, 2019 5:51am Mar 18, 2019 5:51am
EC loading
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  • #27,219
  • Mar 18, 2019 6:53am Mar 18, 2019 6:53am
Sell Nzd/Jpy building Up position...;-)
  • #27,220
  • Edited 11:04am Mar 18, 2019 7:50am | Edited 11:04am
I'm gonna hold the GU trade, since it's swap positive.
Besides tomorrow have a red news of GBP which prediction red.

Attached Image (click to enlarge)
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Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
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