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Pivot Trading

  • #28,921
  • Edited 4:21pm Apr 16, 2019 3:55pm | Edited 4:21pm
seems I closed my EC too early.. Something I shall work on, sharpen the sword for the next fight!

A fitting quote, the information in the history of this thread is a gold mine, use it.
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?
  • #28,922
  • Apr 16, 2019 4:50pm Apr 16, 2019 4:50pm
News Events indicator updates: (reposted - deleted the previous post)

By Impact Currency

  1. High Impact News ONLY (from the original )
  2. High & Medium (from the original )
  3. High - Medium - Low ( H-M-L ) (from the original )
  4. Central Bank ( added by v2v )
  5. Leading indicators ( added by v2v )
  6. Inflationary ( added by v2v )
  7. Growth ( added by v2v )

9:50 PM
Tuesday, April 16, 2019
Greenwich Mean Time (GMT)

Attached File(s)
File Type: ex4 News_Events.ex4   104 KB | 336 downloads
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #28,923
  • Apr 16, 2019 5:58pm Apr 16, 2019 5:58pm
HOly SMOKES!!! You guys see that dip on the NZD CPI news?!?!?!?

I needed to head out, but stayed around so I could get better at understanding how news effects the charts... I swear I was thinking about getting into NZD/USD around that R38 level earlier today... wish I had

But, this dip easily moved my NZD/CAD to target. +88 pips
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  • #28,924
  • Apr 16, 2019 6:05pm Apr 16, 2019 6:05pm
why you do the calendar so you have awareness
doing well here

Remember I insisted AN buy only for me until 800 now you know....
In trading, you have to be defensive and aggressive at the same time
  • #28,925
  • Apr 16, 2019 6:09pm Apr 16, 2019 6:09pm
Quoting Davit
why you do the calendar so you have awareness
I'm working on it sir!

I did a calendar at the beginning of the week, but it's basically just a list of them.

Right now, to help get a handle on it, I'm taking note of what I'm observing while the events are occurring in a word document.

Here's an example of my document that I'm keeping if anyone cares to take a look. The links are just to images so I have a visual, but they won't work as they are in a separate folder on my PC.
Attached File(s)
File Type: docx NotesAndNews.docx   16 KB | 396 downloads
  • #28,926
  • Apr 16, 2019 6:13pm Apr 16, 2019 6:13pm
Quoting forrestang
{quote} I'm working on it sir! I did a calendar at the beginning of the week, but it's basically just a list of them. Right now, to help get a handle on it, I'm taking note of what I'm observing while the events are occurring in a word document. Here's an example of my document that I'm keeping if anyone cares to take a look. The links are just to images so I have a visual, but they won't work as they are in a separate folder on my PC. {file}
"I'm working on it sir"
you don't do as you go you do it before the week begins
In trading, you have to be defensive and aggressive at the same time
  • #28,927
  • Apr 16, 2019 6:19pm Apr 16, 2019 6:19pm
Some say “ holy shit” I say opportunities . Nice push . Very nice
  • #28,928
  • Apr 16, 2019 6:20pm Apr 16, 2019 6:20pm
Quoting Davit
why you do the calendar so you have awareness doing well here Remember I insisted AN buy only for me until 800 now you know....
We need to be cautious here.

EN and AN could easily retrace back to the Weekly Pivot.

There is very light trading at this time of the day. Aussie banks not even on board yet at the time of announcement. Tokyo still closed for the next hour.

Also dairy prices went up again overnight.
  • #28,929
  • Apr 16, 2019 6:29pm Apr 16, 2019 6:29pm
Quoting ikdenk
{quote} We need to be cautious here. EN and AN could easily retrace back to the Weekly Pivot. There is very light trading at this time of the day. Aussie banks not even on board yet at the time of announcement. Tokyo still closed for the next hour. Also dairy prices went up again overnight.
??I don't recall giving trade signals. As Denisius said Everything is an opportunity and we got framework here.
It can do anything that is price.
In trading, you have to be defensive and aggressive at the same time
  • #28,930
  • Apr 16, 2019 6:33pm Apr 16, 2019 6:33pm
Quoting MrAnderson
AUD/NZD: Short Target range: S78 to S100 {image}

Conservative stops hit for a loss.

Win most, lose a few. On to the next trade.
  • #28,931
  • Edited 8:02pm Apr 16, 2019 6:34pm | Edited 8:02pm
Inserted Video

9pm Conservative win would be sweet both for CAD and people of Alberta and Canada at large.
polls close at 10pm
its live now
In trading, you have to be defensive and aggressive at the same time
  • #28,932
  • Edited 7:16pm Apr 16, 2019 6:47pm | Edited 7:16pm
Took a loss on short AN/EN and long NU/NC.

Switching bias... Looking at Weekly Chart of these and I know where this might go. Should have sticked with my NU and NC shorts.

I also saw what Davit said about AN buy only until 800 but I sticked with shorting it, now paid the price,well that's business. We learn and move on.. Never be afraid to admit a loss and adapt to the market because that's how we learn.

Even though this was a loss I know I am getting better because before I would not put a SL and just hope that price will go back in my favor but now having a SL is very important, hard to accept a loss before but MD’s video on psychology of trading is really very helpful.. We have to fully accept the risk so we dont get emotional. A few months ago I was very emotional when taking a loss but thanks to Davit for his teachings here and now I still believe I am getting better one day at a time..z
We're not here to be right, we're here to Profit Consistently!
  • #28,933
  • Edited 7:26pm Apr 16, 2019 7:00pm | Edited 7:26pm
Quoting Davit
{quote} ??I don't recall giving trade signals. As Denisius said Everything is an opportunity and we got framework here. It can do anything that is price.
Thank you! 12 months ago I would say “ holy shit” too. Now I see it differently. Nothing big really happened. NZD CPI didn’t meet expectations, doesn’t necessarily means is bad( still grow for the date). Price was near previous highs, providing best opportunities to push it over. If day closes like that, easily creating rejection candle. There is plenty of the red news announcement ahead of the week. Anything can happen. That’s what I think.

Just look at NJ, perfect opportunity to catch retrace from near 78 pivot. And its already 50 pips up. We have perfect system. Do not need to over complicate it.
same thing with NU. Perfect retrace from 78 pivot. To the point.
  • #28,934
  • Apr 16, 2019 7:36pm Apr 16, 2019 7:36pm
notice where the spike hit and where it settled.I am still amazed at this fib pivots.Truly a golden goose if you know how to use them
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In trading, you have to be defensive and aggressive at the same time
  • #28,935
  • Edited 7:54pm Apr 16, 2019 7:39pm | Edited 7:54pm
Quoting ranilo.vince
Took a loss on short AN/EN and long NU/NC. Switching bias... Looking at Weekly Chart of these and I know where this might go. Should have sticked with my NU and NC shorts. I also saw what Davit said about AN buy only until 800 but I sticked with shorting it, now paid the price,well that's business. We learn and move on.. Never be afraid to admit a loss and adapt to the market because that's how we learn. Even though this was a loss I know I am getting better because before I would not put a SL and just hope that price will go back in my favor but...
I too was looking to see if there was a pullback oppo on AN, but the grinding PA kept saying otherwise.
Trade with confidence, trade without fear.
  • #28,936
  • Apr 16, 2019 8:03pm Apr 16, 2019 8:03pm
Quoting Davit
https://www.youtube.com/watch?v=jvk8hgjv7Fg 9pm Conservative win would be sweet both for CAD and people of Alberta and Canada at large. polls close at 10pm its live now
polls close at 10pm live now
In trading, you have to be defensive and aggressive at the same time
  • #28,937
  • Apr 16, 2019 8:42pm Apr 16, 2019 8:42pm
Quoting Davit
notice where the spike hit and where it settled.I am still amazed at this fib pivots.Truly a golden goose if you know how to use them {image}
Hello Davit, Please how do you use them?
  • #28,938
  • Apr 16, 2019 8:45pm Apr 16, 2019 8:45pm
Another great example! UJ. Stuck near previous 100,3 days in limbo. All over sudden jump up following by drop. Just near current 61. I don’t have enough money to trade all of them
  • #28,939
  • Apr 16, 2019 9:22pm Apr 16, 2019 9:22pm
Quoting ppxdf
long AU, according with china GDP (green) pay attention on ADR. that is restrict. my target is just R61 or R78 {image} {image}
not a good idea.IMO
we don't buy at key R pivots
spike likely to collapse
In trading, you have to be defensive and aggressive at the same time
  • #28,940
  • Apr 16, 2019 9:29pm Apr 16, 2019 9:29pm
Quoting ppxdf
{quote} washing for short in my other broker. This one, already lockED @ BE. so, no risk for me. maybe I should remove this post, because I know it is against our basic concept
you are forcing a trade instead AJ looks lot better far better
In trading, you have to be defensive and aggressive at the same time
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