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Pivot Trading

  • #28,221
  • Apr 4, 2019 4:44am Apr 4, 2019 4:44am
Quoting Davit
NC gap closing.Something to be aware of Using plain chart for clarity {image}
Did you guys take advantage of this?
In trading, you have to be defensive and aggressive at the same time
  • #28,222
  • Apr 4, 2019 4:49am Apr 4, 2019 4:49am
Quoting MMMtrader
{quote} I have to finish mine this weekend...I will research possibly as early as tonight or tomorrow. I may be in the same boat next year. I have been using Turbotax since 1999. An accountant taught me back then. Been doing my own since. I can forward any info I get if you want. May help more people here. I did a quick search and found this if you do not mind me posting.... https://ttlc.intuit.com/questions/36...h-i-can-deduct...
Thank you but only 3k loss allowed is probably wrong.How can you pay taxes on money you did not earn.Example 50k gain 30k net loss =20k profit or net gain then that should be taxed.Am I missing something? There is no way you be taxed at 80k minus only 3k loss at 77k
Regards
In trading, you have to be defensive and aggressive at the same time
  • #28,223
  • Apr 4, 2019 4:52am Apr 4, 2019 4:52am
Quoting Mct63
Recent news item on Reuters includes the following News-reading algos are a growing part of a wider revolution on the trading floor of banks and asset managers, where machines have supplanted swathes of human traders, slashing costs and boosting the speed at which deals are done - sometimes down to millionths of a second Now I know why the market reacts so quickly to news, and there was I thinking that someone i.e a person was actually reading the news You learn something every day
this has been the case for over a decade
In trading, you have to be defensive and aggressive at the same time
  • #28,224
  • Apr 4, 2019 5:04am Apr 4, 2019 5:04am
Quoting Gmo
AUDNZD Original entry 3-27-19. Held over weekend. Davit has also reported this trade he has held over the weekend. Yes, Stops placed to cover some positions for Sunday & Monday News. Exited today 4-03-19 +789.2 at 2nd touch of R61. Content with this gain. However, with the positive AUD News Tuesday together with CNY positive News and China-US Deal in progress this week I will look to buy dip as AUD should push through R61?? Consolidation below Resistance (R61) is a Bullish sign - similarly, Consolidation above Support is a Bearish sign. The Market...
AN
Continuing Progress

NC
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: NC 0802 4-04-19.jpg Size: 124 KB
  • #28,225
  • Apr 4, 2019 5:12am Apr 4, 2019 5:12am
Five fundamental truths:
1. Anything can happen.
2. You don’t need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that
define an edge.
4. An edge is nothing more than an indication of a higher probability of one thing happening
over another.
5. Every moment in the market is unique.
– Mark Douglas

in term of item 2. We dont need to know what is going to happen,
When I want to have better psychological control, I try to understand what's going on.
The good side is that we know something abnormal is happening.
This is the result of our growth.

"China and the US may announce a meeting for Xi and Trump to meet and sign a new agreement. In fact, if an announcement is not made today, the disappointment may way on the capital markets" credit to author, not for me.

We have a chance to make more money tomorrow with NFP.
Attached Image (click to enlarge)
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  • #28,226
  • Apr 4, 2019 5:13am Apr 4, 2019 5:13am
Quoting Davit
{quote} Thank you but only 3k loss allowed is probably wrong.How can you pay taxes on money you did not earn.Example 50k gain 30k net loss =20k profit or net gain then that should be taxed.Am I missing something? There is no way you be taxed at 80k minus only 3k loss at 77k Regards
In your example, the 30K loss counts against the 50K gain, so you only pay tax on the 20K net profit.

If it was the other way around, 30K gain and 50K loss, then your profit would be 0 so you pay no tax. The remaining -20K cannot be fully written off this year, you can only write off -3K. The remaining -17K gets carried over to next year.

The 3K limit is only for losses that cannot be offset by gains.
  • #28,227
  • Apr 4, 2019 5:18am Apr 4, 2019 5:18am
Quoting Davit
{quote} I don't sell CJ only buy. Let the MM do the selling "the heavy lifting"and you do the buying with positive swap At some point you have to make a decision on direction on pairs that are costly to trade.Your money your money management.My money says selling the Cad against Yen not conducive for long term viability of the account. Once again when trading crosses look at the majors CJ = UC+UJ Depending on difference result in CJ.At the moment both at stalemate
pls sir can you explain this little bit cos its not in your system
  • #28,228
  • Apr 4, 2019 5:22am Apr 4, 2019 5:22am
Goodday guys can someone please help me out with the quarters theory indicator
  • #28,229
  • Apr 4, 2019 5:29am Apr 4, 2019 5:29am
Quoting yohec
{quote} In your example, the 30K loss counts against the 50K gain, so you only pay tax on the 20K net profit. If it was the other way around, 30K gain and 50K loss, then your profit would be 0 so you pay no tax. The remaining -20K cannot be fully written off this year, you can only write off -3K. The remaining -17K gets carried over to next year. The 3K limit is only for losses that cannot be offset by gains.
thanks that makes more sense! I was getting little nervous!
In trading, you have to be defensive and aggressive at the same time
  • #28,230
  • Apr 4, 2019 5:31am Apr 4, 2019 5:31am
Quoting senarath
{quote} pls sir can you explain this little bit cos its not in your system
its funny that the answer is in the quote you quoted me.

I paid 9k swap fees to broker last year.Do you want to pay more? Dont think so
Trading is business you have to cut cost and increase profits just like any other business hence selling high interest rate currencies must be done sparingly and effectually. Example holding UJ short for weeks will be substantial loss to your account on swap fees
In trading, you have to be defensive and aggressive at the same time
  • #28,231
  • Apr 4, 2019 5:39am Apr 4, 2019 5:39am
Sold AUD/USD. USD unemployment claims painted green.
Attached Image (click to enlarge)
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  • #28,232
  • Apr 4, 2019 6:13am Apr 4, 2019 6:13am
Quoting Tranqility
There is a new addy for the FF calendar xml. I've edited this mq4 and it works now but I don't have a clue how to fix the original calendar or if it's even possible? {file} edit: Check that you have removed all instances of the previous calendar from all charts if you are still receiving alerts.
Thanks Tranqility. I modified the indicator you provided so it can go into the bottom window. It's working now.
One issue I had after I installed the new indicator was the message "allow dll imports" which didn't make sense because I had allowed dll imports on the Common page of the indicator. I solved the problem by selecting "Tools" from the top menu of the chart then "Options" then "Expert Advisors" then checked the "Allow DLL imports. I don't understand why the "Allow dll imports" option got unchecked because it had to be checked for the previous version of FFCal to work but it solved the problem.
Attached File(s)
File Type: ex4 FFC_April_2019.ex4   54 KB | 467 downloads
File Type: mq4 FFC_April_2019.mq4   69 KB | 561 downloads
  • #28,233
  • Apr 4, 2019 6:47am Apr 4, 2019 6:47am
something to consider
Tomorrow Wages number if comes out below 0.2 but job creation green which very likely 20k was a fluke mostly related to bad weather then may offset each other.Unemployment may bounce higher.

Just saying Bull USD is not given.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #28,234
  • Apr 4, 2019 7:50am Apr 4, 2019 7:50am
heavy Short on NC and GC
target 7330 and 8920 areas
NC may take little more time but its dropping fundamentals weak on NZD

BOC was more or less bullish RNBZ was on the contrary very dovish basically saying next rate decision is down
In trading, you have to be defensive and aggressive at the same time
  • #28,235
  • Apr 4, 2019 7:55am Apr 4, 2019 7:55am
Absolutely agree with Davit. U will fall no doubts, but when and where this is the question! As my account grow my orders grow so is my swap. This past 2 weeks I have learned what “ negative swap” is when money is bigger. Not pleasant. I am definitely boneheaded cause it didn’t bother me when orders are small. Now it does. Guys, no matter how painful it is to watch your money going it’s might be better to close with loss and later recover rather than holding something . I had great trades on CJ EU and AC but I am in DD on UJ and I am loosing every day by holding. Chance 50/50 that tomorrow Dollar drop, which means if I am wrong I will loose all profit and maybe end up in loss. This is the point where odds are not completely in my favor.
  • #28,236
  • Edited 8:13am Apr 4, 2019 8:01am | Edited 8:13am
Quoting Ftj
Hi maby weird question, but am i they only one who has problems with the newsheadlines indicator since yesterday? it's saying ''download could not be completed''
you still have this place https://www.forexfactory.com/calendar.php?week=this and many others from where to be able to deal with weekly calendar.
I dont see why such fuss about that indicator.
what will you do when mt4 will not be around anymore or will start have bugs like crazy due to no more updates thing that is happening already? will cry because you dont like mt5? LOL
really to trade Davit method all you need is a clean chart with fibo pivots indicator on it,thats all.
Take what you can, give nothing back
  • #28,237
  • Apr 4, 2019 10:22am Apr 4, 2019 10:22am
For those to whom are needing a heads up. https://www.forexlive.com/EconomicCalendar
You NEVER will be the person you could be, without pressure & discipline
  • #28,238
  • Apr 4, 2019 12:03pm Apr 4, 2019 12:03pm
Forex Options Expiring Today:https://www.forexlive.com/Orders
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You NEVER will be the person you could be, without pressure & discipline
  • #28,239
  • Apr 4, 2019 4:19pm Apr 4, 2019 4:19pm
The house is dull today
  • #28,240
  • Apr 4, 2019 4:57pm Apr 4, 2019 4:57pm
Quoting Davit
heavy Short on NC and GC target 7330 and 8920 areas NC may take little more time but its dropping fundamentals weak on NZD BOC was more or less bullish RNBZ was on the contrary very dovish basically saying next rate decision is down
I hope, coz I'm in hope business
who dares wins
mashFX DSRII Return This Year: na
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