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Pivot Trading

  • #29,161
  • Apr 20, 2019 3:21pm Apr 20, 2019 3:21pm
This week's results, and can't wait to take the beast for a ride again, have to wait a couple of more weeks for the weather to turn.
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  • #29,162
  • Apr 20, 2019 3:54pm Apr 20, 2019 3:54pm
Quoting skyscraper
My Calendar Analysis for the week 04-21-2019. To be added later for EUR pairs. {image}
Great format for your calendar.

Your comment "USD/JPY - good pair to trade due to tight spread." is in my opinion only relevant for scalping, not for the swing trading we do here.

Also USDJPY has very expensive daily sell swap of -1.23 pips at the moment and has been ranging for more than a week now. Just one day of daily sell swap would negate the tight spread by a large margin.
  • #29,163
  • Apr 20, 2019 5:01pm Apr 20, 2019 5:01pm
Quoting skyscraper
My Calendar Analysis for the week 04-21-2019. To be added later for EUR pairs. {image}
Nice work! This is kind of effort I like to see.It makes you think.I liked your comment "Considering Loonie's strong economic data, interest rate look for shorting AUDCAD on any up move .9600?? "
Overtime your performance will shoot way up.
In trading, you have to be defensive and aggressive at the same time
  • #29,164
  • Apr 20, 2019 5:06pm Apr 20, 2019 5:06pm
Quoting FrankieShova
This week's results, and can't wait to take the beast for a ride again, have to wait a couple of more weeks for the weather to turn. {image} {image}
Nice Chopper.I never rode one.I am more sport standard type although lately been eyeing on 1st gen Valkyrie the beast of cruisers 6cylender engine
Right now looking to buy Kawasaki ZRX1200 with 122HP and whopping 88LB torque.Its a riot of a motorcycle.
Looking for the right one.Grey black my favorite
Attached Image (click to enlarge)
Click to Enlarge Name: kawasaki-zrx1200-daeg-12.jpg Size: 50 KB
In trading, you have to be defensive and aggressive at the same time
  • #29,165
  • Apr 20, 2019 5:21pm Apr 20, 2019 5:21pm
Quoting ikdenk
{quote} Great format for your calendar. Your comment "USD/JPY - good pair to trade due to tight spread." is in my opinion only relevant for scalping, not for the swing trading we do here. Also USDJPY has very expensive daily sell swap of -1.23 pips at the moment and has been ranging for more than a week now. Just one day of daily sell swap would negate the tight spread by a large margin.
Thanks for your feedback. All major pairs have tight Spread. Swap come into play when you are shorting UJ that's why I emphasized on interest rate. Short High swap pairs only when you are in right zone and probability is high to milk pips.
  • #29,166
  • Edited 8:55pm Apr 20, 2019 5:47pm | Edited 8:55pm
Quoting Davit
Just played a beautiful game.White me. Mate is obvious after last pic Black moves were all forced. {image} {image} {image} {image}
nice sequence, end in Qc5 or Rd6
  • #29,167
  • Apr 20, 2019 5:51pm Apr 20, 2019 5:51pm
hello davit
I would like to know why you stopped using the "TDI"
I have traded at one time with your strategy and I have had excellent results!
Thank you.
  • #29,168
  • Apr 20, 2019 7:19pm Apr 20, 2019 7:19pm
Starting the week on Tues

Tues

AUD CPI q/q 0.2% 0.5%
Trimmed Mean CPI q/q 0.4% 0.4%

Notes to self- Red here or both is impetus for bearish sentiment to develop.Look at crosses AC still seating nice n high and AJ

Weds
Dominated by CAD

BOC Monetary Policy Report
BOC Rate Statement
Overnight Rate 1.75
BOC Press Conference-Key event which would outline future policy on rates

Notes to self.With Conservatives winning in Alberta major supporters of oil pipeline (Alberta lost 130k job because of drop of oil prices and liberal policies) CAD is looking lot better then before election.My hunch CAD will remain positive and bullish. AC prime target and EC

JPY

BOJ Outlook Report/ Monetary Policy Statement/BOJ Press Conference

Notes to self. I don't expect much from this event but any optimism may finally drop the UJ from seating at 1190 for over a week.

Thurs

USD Core Durable Goods Orders m/m slight green here 0.2% -0.1%

Notes to self-Market may go into corrections on USD despite of possible green number here since lot of majors are seating at their traditional support base EU comes to mind right away and NU not bad either and GU possible candidate.

Fri

USD Advance GDP q/q 2.2% 2.2%

Notes to self-Should this print red I anticipate USD bears taking over.
These are my notes and I adjust my trading with live charts and events data.These are outlines trading ideas which sharpens the awareness of possibilities.

Have fun make
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCADDaily.png Size: 37 KB
Click to Enlarge Name: EURUSDH4.png Size: 37 KB
In trading, you have to be defensive and aggressive at the same time
  • #29,169
  • Apr 20, 2019 7:28pm Apr 20, 2019 7:28pm
Quoting Oportunista
hello davit I would like to know why you stopped using the "TDI" I have traded at one time with your strategy and I have had excellent results! Thank you.
Since you had excellent results then continue using it. My trading has advanced such level that any oscillator is only a hindrance at this stage in my trading that is it does not add anything more rather takes it away. RSI MACD CCI TDI etc all the same.Have outgrown them.
In trading, you have to be defensive and aggressive at the same time
  • #29,172
  • Edited 8:03pm Apr 20, 2019 7:36pm | Edited 8:03pm
Quoting Oportunista
right, but you do not care then for divergences being such a clear and acerbic signal in larger teams? as h4 / D1 I have had results working with background confluence and historical topos and also eye the monthly pivot and I like divergence a lot is almost 99% that it will retract at the same time, I would also like to know if you have any other type of media ex : facebook, youtube, whatsapp groups? Until today, from everything I saw in the market, you are the best dealer I know of and who makes money!
Divergence is a myth.Its a fallacy. Please stop posting gibberish here.Also not a dealer
never mind removed.

This is typical wrong way to start here.You don't barge in here and start interrogation. There are over 1400pages of wealth of info.Learn! Use search function ! Your questions are almost guaranteed have been answered but you insist wasting my time.
These folks wont last here or in the market.They are looking for quick fix.Its not gonna happen!
In trading, you have to be defensive and aggressive at the same time
  • #29,173
  • Edited Apr 21, 2019 4:02am Apr 20, 2019 9:57pm | Edited Apr 21, 2019 4:02am
My personal take on the calendar this week. May change as events unfold. Has made good returns on a small account balance when I started doing weekly calendar analysis.
Attached File(s)
File Type: pdf Forex Calendar Events April 22 - 26.pdf   67 KB | 448 downloads
Fortune favors the brave.
  • #29,174
  • Apr 20, 2019 10:18pm Apr 20, 2019 10:18pm
I had a question if the Oscillator showing above was available? And the answer is no. It was a mistake in my posting because this oscillator is for long term. And none of you are in a position to trade long term.
  • #29,175
  • Apr 20, 2019 10:57pm Apr 20, 2019 10:57pm

Hi , guys



I am new in the market and read the topic and I was interested in the topic of whether you enter before the news or after the source of the news please guide

  • #29,176
  • Apr 21, 2019 4:35am Apr 21, 2019 4:35am
A good read for this thread:
Attached File(s)
File Type: pdf Reminiscences_of_a_Stock_Operator By Edwin Lefevre.pdf   1.7 MB | 921 downloads
You NEVER will be the person you could be, without pressure & discipline
  • #29,177
  • Apr 21, 2019 8:34am Apr 21, 2019 8:34am
Happy Easter Sunday to all of you , I wish you all much health and happiness.

I just finished my past week with a 23.6 % gain on my account , my best week ever.

I am not posting this to impress anyone , but , to impress upon all newer traders to this thread in particular , exactly what can be done if a trader follows the information that has been passed on to all of us by DAVIT , and all of the "senior level traders" on this thread. Before I "lucked upon this thread" , I don't believe that I would have EVER enjoyed a WIN RATE of 85.6% on my trades !!! This Canadian boy never dreamed of this.

DAVIT , I am eternally grateful to you for being patient with me in the beginning.

I also just finished re-reading PAGE 1 again and again and again , namely to SEE PRICE ACTION on DAVIT'S CHARTS. PAGE 1 , is of PRICELESS VALUE , IMO !!!

I don't post screenshots because I AM NOT COMPUTER SAVVY , but I do learn from the many charts that all of you post to this thread.

The calendar's that many of you post are great.

Finally , I will reitterate , READ , RE-READ ALL OF THE PAGES , STUDY ALL OF THE CHARTS and PRICE ACTION WILL SMASH YOU RIGHT IN THE FACE !!!!!

DAVIT , thank you so much for your dedication to all of us , I hope to meet you one day and THANK YOU.

GREEN PIPS TO ALL ,

GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #29,179
  • Apr 21, 2019 12:47pm Apr 21, 2019 12:47pm
Hi, my modest calendar events
happy Easter and more green pips this week!
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  • #29,180
  • Apr 21, 2019 2:14pm Apr 21, 2019 2:14pm
Wednesday

AUD – Consumer Price Index Q/Q
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
Previous was 0.5% and forecast is 0.2% (Bearish)

AUD – Trimmed Consumer Price Index Q/Q
Previous was 0.4 and forecast is 0.4 so with that being said AUD looks to have bearish movements across the pairs. Hold E/A longs and look for opportunity on other Aussie pairs.

CAD – BOC Monetary Policy Report
It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions.

CAD – BOC Rate Statement
It's the primary tool the BOC uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.

CAD – Overnight Rate 1.75%
Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future;
Expectation is for interest rates to stay the same at 1.75%. Poloz is concerned off an overall slowdown. There’s new evidence that trade policy is weighing on Canadian business confidence. The BoC’s latest quarterly Business Outlook Survey, one of Poloz’s favourite indicators, is notably downbeat. Expectations for sales over the next 12 months are positive, but “have softened,”. That being said trade CAD with caution and protect U/C shorts. CAD has external factors of Oil prices that heavily affect the currency prices.

Thursday

JPY –Outlook Report / Monetary Policy / BOJ Press Conference

It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy;

Will watch this closely and protect U/J trades if still holding

USD - Core Durable Goods Orders m/m
It's a leading indicator of production - rising purchase orders signal that manufacturers will increase activity as they work to fill the orders.
Previous was -0.1% and forecast is for +0.2% so keep in mind the dollar will gain bullish movements across the board so any pairs where shorting dollar has to be protected or closed.

Friday

USD - Advanced Gross Domestic Product Q/Q
It's the broadest measure of economic activity and the primary gauge of the economy's health;
Forecast is 2.2 which is no change from last quarter however these forecast more time than not inaccurate so keep in mind. My belief is that it will continue Thursday corrections for more of a bullish outlook

http://www.marctomarket.com/2019/04/...next-week.html
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