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Pivot Trading

  • #30,861
  • Jun 5, 2019 11:06am Jun 5, 2019 11:06am
Thursday June 6 ECB Announcements
Be Aware!
http://www.bkassetmanagement.com/fea...from-ecb_13204
  • #30,862
  • Jun 5, 2019 11:49am Jun 5, 2019 11:49am
Still on EC missed the spike was at work. Still valid short
This is one pair that has no real backbone to run away from you.Euro future in general is questionable entire bloc.Wont surprise me it seizes to exist in 5yrs
I dont expect anything positive from ECB specially also Trump promising great trade deal with UK but not with Euro
Trump is basically a nationalist anti globalist and I believe he is right in this.EU represents globalism which so far is failing and only country is bailing out the others is Germany and that may come to an end soon.
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In trading, you have to be defensive and aggressive at the same time
  • #30,863
  • Jun 5, 2019 5:10pm Jun 5, 2019 5:10pm
Quoting braintheboss
As this comment is slightly outside Davit rules i will wait he give me permission for explain it. I only will make a small observation Im some time thinking how deal with strong trends. As people knows PV swing levels works great in range but in strong trends you can suffer over extended levels ( above 100 ). Even watching PA is hard know when a retracement is real swing in this kind of moments. After some analysis i saw if you use ADR week for make current PV levels, that levels are closer to movements. This happens because if you are in a strong...
feel free to share your ideas.
In trading, you have to be defensive and aggressive at the same time
  • #30,864
  • Edited Jun 6, 2019 1:18am Jun 5, 2019 11:22pm | Edited Jun 6, 2019 1:18am
My goal is keep Davit original rule about to be simpler possible. Then I only use 3 levels. As we are working with ATR, I divide levels in equal size

50% - It have a role when week start. As we don't know if price will be in range, area between 50% levels make a full ATR range. If week start don0t have big gap normally will start near PP and if is in range it will be move around PP and 50% levels

100% - This level is touched in strong trends. Normally movement start in PP

150% - Overextended level

PP - I use 2. It have a reason. PP blue is original pivots PP. Orange PP is based in ATR levels and its shifted. Using both I fit price at open price better and I create a small range area inside for have better vision about movements near PP. This area is very tricky using original pivots. This approach helps to enter in right direction

Next post I will show entries...

PD: I let template and tools. No expiration
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 ADR weekly.ex4   12 KB | 962 downloads
File Type: ex4 WPivots.ex4   408 KB | 812 downloads
File Type: tpl PV.tpl   52 KB | 772 downloads
Try don't lose pants never...
  • #30,865
  • Jun 5, 2019 11:33pm Jun 5, 2019 11:33pm
These are basic rules but everyone can decide TP/SL in their way
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Try don't lose pants never...
  • #30,866
  • Jun 5, 2019 11:36pm Jun 5, 2019 11:36pm
For people need more levels as reference can add 38 and 61 levels. Indicator have field for set levels. Personally I dont use them...
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Try don't lose pants never...
  • #30,867
  • Jun 6, 2019 12:39am Jun 6, 2019 12:39am
Quoting braintheboss
For people need more levels as reference can add 38 and 61 levels. Indicator have field for set levels. Personally I dont use them... {image}
Thanks
  • #30,868
  • Jun 6, 2019 1:33am Jun 6, 2019 1:33am
I forgot a thing about levels. Even looks different to original, really is same base. This approach only packed original swing levels in 2 groups.

1) 38/61 as 50% ( many times 38% is swing after long movement even this is not original Davit rule )

2) 78/100 as 100%

As levels are made with averaged ADR ( ATR ), swing levels tends to be closer to real movements. Some pairs with many days below ADR can have swings slightly shifted ( around 80/90% of ATR ). That means swings will happens around levels 40/90 ( not 50/100 ). As usual PA rejections are main signal
Try don't lose pants never...
  • #30,869
  • Jun 6, 2019 4:36am Jun 6, 2019 4:36am
A tip how play with 50% levels. When week ATR is near 100% you can think in a possible 50% level as swing. In capture still not show rejection but is in a clear compression moment
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Try don't lose pants never...
  • #30,870
  • Jun 6, 2019 4:51am Jun 6, 2019 4:51am
Quoting braintheboss
A tip how play with 50% levels. When week ATR is near 100% you can think in a possible 50% level as swing. In capture still not show rejection but is in a clear compression moment {image}
Thank you my friend for sharing it.Will look more into it this weekend.
In trading, you have to be defensive and aggressive at the same time
  • #30,871
  • Jun 6, 2019 4:52am Jun 6, 2019 4:52am
OO rate and Euro spikes I'll just wait until Draghi dumps it
In trading, you have to be defensive and aggressive at the same time
  • #30,872
  • Jun 6, 2019 5:00am Jun 6, 2019 5:00am
Closed quick trade on UC
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In trading, you have to be defensive and aggressive at the same time
  • #30,873
  • Jun 6, 2019 5:03am Jun 6, 2019 5:03am
Last post about tips. 150% is similar to 100%. My advice is when a level is broken you can expect will reach next level regardless ADR/ATR state in that moment. This capture shows that and shows why I commented is a mechanical behaviour

Thanks to Davit for allow me show this idea. Now I will not disturb more the thread
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Try don't lose pants never...
  • #30,874
  • Jun 6, 2019 5:05am Jun 6, 2019 5:05am
Watch EN for possible re-short above 170 is good
In trading, you have to be defensive and aggressive at the same time
  • #30,875
  • Jun 6, 2019 5:14am Jun 6, 2019 5:14am
Inserted Video

watch it.Its always educational

As a side note Randy Rhoads was taking guitar lessons on every town he was playing with Ozzy and when asked why this brilliant guitarist said because there are always things I dont know!
In trading, you have to be defensive and aggressive at the same time
  • #30,876
  • Jun 6, 2019 5:34am Jun 6, 2019 5:34am
he always sounds high
In trading, you have to be defensive and aggressive at the same time
  • #30,877
  • Jun 6, 2019 5:57am Jun 6, 2019 5:57am
The more Draghi sounds pessimistic more algos buy this shit. We have to wait for market to settle to see where its going all E pairs
Still short heavy on EC added more to it.
No change on anything other then 7months later maybe rate increase and there are lots of X factors until then.7 months is huge time in forex lots of swings up and down
In trading, you have to be defensive and aggressive at the same time
  • #30,878
  • Jun 6, 2019 6:16am Jun 6, 2019 6:16am
Quoting Marcieny
{quote} The Eur/usd is looking like that double bottom like the Aud/Usd when it fell ..
u mean double top?
  • #30,879
  • Jun 6, 2019 6:26am Jun 6, 2019 6:26am
double top at R161
  • #30,880
  • Jun 6, 2019 6:32am Jun 6, 2019 6:32am
S&P 500 on a H4
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Fib Traders get it right 61.8% to 78.6% of the time. NR
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