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Pivot Trading

  • #31,001
  • Jun 16, 2019 7:36am Jun 16, 2019 7:36am
Any effort to foretell the market's path with technical indicators, chart patterns, and wave structures is inherently limited in value. We cannot operate with a crystal ball when game-changing events are occurring in real time. Flexibility in managing money is just as important as "conviction".
Plan your trade and Trade your plan.
  • #31,002
  • Jun 16, 2019 11:46am Jun 16, 2019 11:46am
Quoting Romanov102
{quote} "I will have my Losses, but they will not have Me"
Brillant. May have your permission to use this as my (unattributed) signature?
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #31,003
  • Jun 16, 2019 2:04pm Jun 16, 2019 2:04pm
The FOMC interest rate decision and Fed Chair press conference on Wednesday are the two catalysts traders will be focused on. While it’s unlikely the Fed will cut interest rates at this meeting, it’s still a crucial day for strategists because the Fed tends to talk about its future plans on monetary and fiscal policy at these events.
Plan your trade and Trade your plan.
  • #31,004
  • Jun 16, 2019 4:57pm Jun 16, 2019 4:57pm
Quoting HiddenGap
{quote} Brillant. May have your permission to use this as my (unattributed) signature?
I'm not sure, do I get a consulting fee?
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,005
  • Edited 12:50am Jun 17, 2019 12:28am | Edited 12:50am
CJ H1
I wonder if we have any hope for this dead horse this week Cad CPI, OIL, and BOJ on WED.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,006
  • Jun 17, 2019 6:44am Jun 17, 2019 6:44am
If any of you guys catch me taking EA again, please slap me upside the head....
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You NEVER will be the person you could be, without pressure & discipline
  • #31,007
  • Jun 17, 2019 7:40am Jun 17, 2019 7:40am
Hi everyone! Big week started. A lot of news can provide weather we stuck in that continuous Sell off of AuD and Buy Jpy cycle. New PM election may finally lift up G. I am holding mine. Same with AuD. Too many critical points were broken without decent correction. Fed may hint on rates cut which should bring dollar down. Market fluctuate. We just have to be ready to adopt conditions. Not placing anymore trades yet. Too many DD I have right now. But will act if market favors. Good luck everyone!
  • #31,008
  • Jun 17, 2019 8:06am Jun 17, 2019 8:06am
Quoting DiamondMiner
If any of you guys catch me taking EA again, please slap me upside the head....{image}
EA Weekly Chart. If you look at the weekly chart on this pair other than that candle that wicked up over the R100 zone in January due to low liquidity in the Asian session, this pair is at the top of its range for years.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,009
  • Jun 17, 2019 8:10am Jun 17, 2019 8:10am
Quoting DiamondMiner
If any of you guys catch me taking EA again, please slap me upside the head....{image}
let's see where it goes...
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  • #31,010
  • Jun 17, 2019 9:07am Jun 17, 2019 9:07am
Quoting DiamondMiner
If any of you guys catch me taking EA again, please slap me upside the head....{image}
EA will punish us all (me included), just look at the price movements. Market makers are laughing under their mustaches. No pivots no other indicators will save us. EZ is no different. I have the impression that in the last month many have already lost the profits made in recent months by chasing Aud, Nzd and Jpy (just look at the number of posts ...). When playing against the trend but the prices do not retrace it is difficult to understand when to collect the loss...

Every DD needs a cut sooner or later. I make my compliments to those who have made profits in these 2 months (clearly without getting together today with 50% of DD...)
Trade What's Happening... Not What You Think Is Gonna Happen
  • #31,011
  • Jun 17, 2019 10:57am Jun 17, 2019 10:57am
Glad, everyone still has a sense a humor in all of this.... I'm still in it.
You NEVER will be the person you could be, without pressure & discipline
  • #31,012
  • Edited 12:56pm Jun 17, 2019 12:45pm | Edited 12:56pm
Quoting ToddyS2K
{quote} EA will punish us all (me included), just look at the price movements. Market makers are laughing under their mustaches. No pivots no other indicators will save us. EZ is no different. I have the impression that in the last month many have already lost the profits made in recent months by chasing Aud, Nzd and Jpy (just look at the number of posts ...). When playing against the trend but the prices do not retrace it is difficult to understand when to collect the loss... Every DD needs a cut sooner or later. I make my compliments to...
As I commented when i posted my Davit idea improvement, you can get better references using ATR pivots. It respect Davit rules but simply things because have less levels and are stronger.

It needs trader training but maybe if people spend some time to adapt trading to them, maybe everybody can avoid some bad entries.
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Try don't lose pants never...
  • #31,013
  • Jun 17, 2019 1:06pm Jun 17, 2019 1:06pm
looks not bad place to short EG here?
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all is eternal - this is good news for people who loves bad news
  • #31,014
  • Jun 17, 2019 1:32pm Jun 17, 2019 1:32pm
Quoting meshka
looks not bad place to short EG here? {image}
have a look on D1 see last 2 high's on left then you may re think to short now also PA looks strong on up still for euro in this chart
not saying to influence you but just to think on the plan if youre ok with a possible 150 DD,if thats fine and is included in the plan in case will happen then is all good to short now. later on in case EG will go up to that zone you can re think the plan for next left high
Take what you can, give nothing back
  • #31,015
  • Jun 17, 2019 2:56pm Jun 17, 2019 2:56pm
DiamondMiner , I don't remember how many times I said the very same thing to myself !!! LOL !!!!

Respectfully ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #31,016
  • Jun 17, 2019 3:03pm Jun 17, 2019 3:03pm
Looking at the WEEKLY CHART of the USD/CAD.
I wonder if PA will escalate to 1.38 area over the next 6 to 8 weeks , or sooner ?
Interesting.
Hmmmm………...

Food for thought ,
GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #31,017
  • Jun 17, 2019 4:32pm Jun 17, 2019 4:32pm
Following Pivots method, my attention right now is on UJ: taking a step back and watching the pair in daily, we are in a strong bearish trend with strong candles.
2 weeks ago the pair started a shy retracement, touching R61 last week and R38 today with rejection. A possibility is that UJ can retest 107.9 (S61 to S100) zone, so there is a good opportunity for building positions...PA will confirme or decline.
Avoid the crowd. Be chess player, not chess piece
  • #31,018
  • Jun 17, 2019 5:01pm Jun 17, 2019 5:01pm
Quoting DiamondMiner
Glad, everyone still has a sense a humor in all of this.... I'm still in it.
New confirmed Crab pattern developed on EA H4
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,019
  • Jun 17, 2019 10:03pm Jun 17, 2019 10:03pm
Quoting GreenEarth
DiamondMiner , I don't remember how many times I said the very same thing to myself !!! LOL !!!! Respectfully , GE
GreenEarth, at least there is a Great group of people here that share their successes and their failures. I learn from both the wins and the loses. What MM do I do not control, what Sentiment is, I do not control. All I can control is my entry and my exit. Each and everyone of us have made and lost money at some time. With this threads trading plan I know I will end up on top, it's the odds of probability that I seek ultimately. I will not judge one trade in DD because it didn't respond to my liking. In the long and short of it, I still believe.
You NEVER will be the person you could be, without pressure & discipline
  • #31,020
  • Jun 17, 2019 11:06pm Jun 17, 2019 11:06pm
https://www.forexfactory.com/news/92...opriate-policy

If only Kuroda tweeted like Trump to influence markets for his own gain he could have had some fun with this release.
Hope for the best, prepare for the worst.
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