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Pivot Trading

  • #30,621
  • May 22, 2019 9:13am May 22, 2019 9:13am
Quoting DrForexMD
GM Davit and my other Pivoter Friends, I wanted to share my "Button" pair selector that I have modified separating Davit's most traded pairs and their general direction - Buy or Trade Long and Sell or Go Trade Short. It just helps me go thru the selected Pairs quicker and to quickly reminds me of the suggested Pair direction as per Davit: {image} {file} You can easily modify again or correct as you like. Cheers ! - John
What is the purple line for through NJ and GU?
  • #30,622
  • May 22, 2019 10:09am May 22, 2019 10:09am
Diamondminer , been in DD in a USD/CAD trade since April 23rd , my longest trade held , ever. Out with a profit on the super positive Retail News for Canada.
Monthly gain on this trade was 15.9 % !!!
Could NEVER have done this without DAVIT'S THREAD.
My entries were fine , at the time. ANYTHING CAN HAPPEN IN FOREX , AND IT DID.
I didn't panic because I had my account managed very well.

I follow Davit's advice , always. 10% monthly gain is the target , anything else is gravy.
Thanks again for your post , revisiting PAGE 1 is ALWAYS A POSITIVE THING TO DO.

Thanks ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #30,623
  • May 22, 2019 11:52am May 22, 2019 11:52am
Quoting DrForexMD
GM Davit and my other Pivoter Friends, I wanted to share my "Button" pair selector that I have modified separating Davit's most traded pairs and their general direction - Buy or Trade Long and Sell or Go Trade Short. It just helps me go thru the selected Pairs quicker and to quickly reminds me of the suggested Pair direction as per Davit: {image} {file} You can easily modify again or correct as you like. Cheers ! - John
John, Why is AN Long eg.?
  • #30,624
  • May 22, 2019 12:48pm May 22, 2019 12:48pm
Quoting renkotop
{quote} John, Why is AN Long eg.?
Davit's Preference is Short only NZD.
Yes, fundamentals may change preferences.
Refer: Post 30,097, May 6, 2019 6.46am
Recently, I admit that I have taken NZD Long (AUDNZD) that remains in question.
You may recall, Davit's NZDCAD trades Long NZD, with not a happy result.
  • #30,625
  • May 22, 2019 2:14pm May 22, 2019 2:14pm
Quoting DrForexMD
GM Davit and my other Pivoter Friends, I wanted to share my "Button" pair selector that I have modified separating Davit's most traded pairs and their general direction - Buy or Trade Long and Sell or Go Trade Short. It just helps me go thru the selected Pairs quicker and to quickly reminds me of the suggested Pair direction as per Davit: {image} {file} You can easily modify again or correct as you like. Cheers ! - John
Hi John
I would suggest scrape everything on that list and trades should be taken on each individual pair according to system rules.
Thank you
In trading, you have to be defensive and aggressive at the same time
  • #30,626
  • May 22, 2019 2:17pm May 22, 2019 2:17pm
USD still dominating everything. Worth watching EG
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 45 KB
In trading, you have to be defensive and aggressive at the same time
  • #30,627
  • May 22, 2019 2:41pm May 22, 2019 2:41pm
Still long on NC Needs some more time.Its obvious market has become crawling snail pace lately hence patience is prudent
In trading, you have to be defensive and aggressive at the same time
  • #30,628
  • May 22, 2019 2:49pm May 22, 2019 2:49pm
Quoting Davit
USD still dominating everything. Worth watching EG {image}
What is going On? I feel a high level uncertainty with Global Economics. British Steel is looking for a bail out From the british government which would save 30,000 jobs a whole town is practically employed by this one huge corporation. They have blamed on brexit saying the drop in sterling and the rise in material costs furthermore our High streets are now becoming ghost towns, Everyday i turn the radio all i hear is business either locating or going into administration with the loss of thousands of jobs. Is the early stages of a domino effect?
  • #30,629
  • May 22, 2019 2:50pm May 22, 2019 2:50pm
Quoting Davit
Still long on NC Needs some more time.Its obvious market has become crawling snail pace lately hence patience is prudent
I switched to H4 for price confirmation.
  • #30,630
  • May 22, 2019 3:19pm May 22, 2019 3:19pm
we have to pay attention on EURO because of the European elections and may have a big moves in the currency over the next few days.
  • #30,631
  • May 22, 2019 4:19pm May 22, 2019 4:19pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADWeekly.png Size: 74 KB
  • #30,632
  • May 22, 2019 5:00pm May 22, 2019 5:00pm
Quoting bubincka
Retail Sales for CAD were very good, double than forecast, for those like me having shorted CAD against NZD, this means DD that gallops. {image}
Probably overruled by the drop in oil prices at about the same time.
  • #30,633
  • May 22, 2019 5:15pm May 22, 2019 5:15pm
Quoting DrForexMD
GM Davit and my other Pivoter Friends, I wanted to share my "Button" pair selector that I have modified separating Davit's most traded pairs and their general direction - Buy or Trade Long and Sell or Go Trade Short. It just helps me go thru the selected Pairs quicker and to quickly reminds me of the suggested Pair direction as per Davit: {image} {file} You can easily modify again or correct as you like. Cheers ! - John
Thanks for the indicator, can be useful on some charts for overview.

For actual trading decisions I prefer individual charts for each pair. I just label the chart with SELL or BUY for the preferred direction, mainly based on the size of the swap. I will buy and sell if the swap is only slightly negative in both directions, like audnzd.

I try to avoid trading against large negative swap, like buying euraud or selling usdjpy for example.

The swap is based on the interest rates of the individual currencies and the fundamental direction in the long term would be trading with positive swap. This also helps to reduce the drawdown if you are 'forced' to hold onto trades longer than anticipated.
  • #30,634
  • Edited 6:10pm May 22, 2019 5:30pm | Edited 6:10pm
Quoting fibo38
{image}
In a nice zone pending Bat on the Daily. Retail Sales early Friday morning or late Thursday night for those of us on the West Coast.
Attached Image (click to enlarge)
Click to Enlarge Name: GCDPD220519.jpg Size: 270 KB
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #30,635
  • May 22, 2019 5:31pm May 22, 2019 5:31pm
Quoting fibo38
{image}
gbpcad

Look at the pair's movement over the last 200 hours, largest of them all. Even more than pairs we are not recommended to trade like gbpjpy and gbpnzd.

You would say it should retrace now, but referring to my previous post, you would be trading with negative swap and taking a risk on gbp volatility due to Brexit.
Attached Image
  • #30,636
  • May 22, 2019 7:06pm May 22, 2019 7:06pm
Quoting Davit
USD still dominating everything. Worth watching EG {image}
Agreed. Watching all E pairs. EA and EG the most. Election in 4 days. Too many data tonight and mostly expected average or negative. Such a strong move in EG over past 2 weeks doesn’t look justified.
  • #30,637
  • May 22, 2019 11:26pm May 22, 2019 11:26pm
Anybody here using Forex.com as their broker???

Just found this weird parabolic move on Gold to the upside just trying to do SL hunt I suppose

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-05-23 at 12.22.26 PM.jpg Size: 328 KB


But checking with IC Markets the move upward never took place...

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-05-23 at 12.24.13 PM.jpg Size: 299 KB
We're not here to be right, we're here to Profit Consistently!
  • #30,638
  • May 23, 2019 12:07am May 23, 2019 12:07am
Quoting ranilo.vince
Anybody here using Forex.com as their broker??? Just found this weird parabolic move on Gold to the upside just trying to do SL hunt I suppose {image} But checking with IC Markets the move upward never took place... {image}
no wonder https://www.forexpeacearmy.com/forex...=1&per-page=10
Take what you can, give nothing back
  • #30,639
  • May 23, 2019 12:08am May 23, 2019 12:08am
Quoting Davit
USD still dominating everything. Worth watching EG {image}
Hi Davit,

I was watching EG, but at the moment I prefer to stay out of any pound pair.

GBP is sinking and will probably go lower if British Gov won't come up with a solution.
Ironically today Great Britain will be the first country to vote for European elections.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #30,640
  • May 23, 2019 4:12am May 23, 2019 4:12am
Just a quick one.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.M30.png Size: 100 KB
We obey the structure that results from the market's reaction
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