Pivot Trading

Afternoon all,

Interesting few days. Still in DD on JPY pairs. Plenty of margin to spare however. I've been taking some small gains and have slowly been reducing it. Reaction on the JPY pairs at the usual pivot points has been incredible, simply waiting for price to push lower and entering in the zone has bagged me some nice pips.

Goal this week was to increase the account to 20%, which I've managed. Trading small whilst in DD and facing erratic markets has helped me to stay calm and still profit.



Looking forward to the JPY selling for more pips.

Cheers,
Ben

Hoping for a great deal between China and US. Considering Xi Jinping is retaliating and doesnt wanna show any sign of weakness to the world, this will make JPY continue gaining.

I like EN PA at this location. If current Candle closes below DO it will confirm PA. odds for a nice short will probably increase

I' m not sure. The whole world may expect a deal, so it could already be priced in.

Closed GC for a good profit, one step at the time.

Initially TP was set at least at WS38, but GBP is tricky and behaves strongly even in risk-off days.
In half an hour there is CAD Trade Balance release, I prefer to avoid surprises.

I prefer to focus on JPY pairs, I'm in heavily in and in DD too, at the moment I don't see Yen retreat.

EA seems double top

USDCAD, will watch closely

Yes!

Greetings everyone.

How are you guys ?

EU Short still running ( little DD)

GER 30 : Closed ( see report below )

Oh sure pivot is a scam repaint, dosen't work and Davit he's a devil ! (Suggestion for haters sincerelly... stop bother him and focus on your life cause you have some problem to solve)

Regards

I might be overreacting, Bur Geopolitics nowadays seem to be pushing World powers to the Brink of disaster. I hope these disputes get resolved coz as matters stand, they are quite disturbing

...and just like that it did just as I had analyzed. Just need to stop going against my own analysis.

EA might be going up to R100...

And it is an excellent trade especially when on a key zone as seen below. This was the entry point and just sit back and let it ride. High probability trade.

dont see that cad/jpy gap to be filled soon haha

Took this and EURGBP

That's GBPCHF.

opposite of EURGBP
check and see

Sorry i read "took this EURGBP" totally missed the "and"

Maybe i am allowed here maybe not, maybe my view and concept is accepted maybe not but all the same tanks to the creator of this thread for having allowed me to respectively share my kind knowledge over this business, below are some of reactions from some traders here is what they posted on one of the thread here.

1) Wiped me out! I am done with EURUSD. I have tried to learn etc. Other pairs move differently. No break for me with this. Simply Wow....

2) I sure didn't see the reason for this large push up, no fantastic news for EURO and not that bad of news for US... guess people just wanted movement before that trade deal comes out. I thought we'd stay in range until that announcement, though. Bummer, not the direction I was looking for, either. I thought it would break south because we never got that great of a reaction to last week's fantastic numbers, thought it would retest that first before anything else.

3) Wow, these trade talks need to end now... what a move, quite unfortunate i was at the wrong end of it.

My question is why would any matured trader think that news makes the market? this is a hook and any trader how believe and follow this news theory is the fish in the hook, the market is a well computer program i said it before the week started after this bull cycle the bear cycle well continue new or no news.
News is only a catalyst/vehicle which drives the market to it programmed direction that is the news nothing more.

For the new Fx traders believing on this theory will save you lot of pain and time and also make you money, i do not share strategy or indicator and i believe no good strategy will easily be shared publicly but my strategy and how i trade is solidly build on this idea.

God bless all of us

hi bubincka you have tdi indicator pls