If the feds actually lower interest rates (as anticipated)you will see tremendous moves, retracements out of the extremes we are all getting used too. Wednesday’s rate decision could be very lucrative.....
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Open Trade near Pivot line (Pivot Point) 14 replies
Weekly Pivot to Pivot Trading 19 replies
The Pivot Net Revisited (Weekly Pivot Net) 41 replies
Help with daily pivot, weekly pivot on MT4 3 replies
Pivot high - Pivot low MT4 3 replies
Disliked{quote} Hello Bubincka, I believe there's no such thing as oversold or overbought coz we saw that a lot of times where price just keeps going to extreme levels for a few months already.. And it's about time for you to remove your TDI and concentrate on PA most especially on higher TFs. Also, these are the times we cannot fully rely on pivot zones only for the price to reverse, we have to wait for price confirmation to be more safe.. Like strong reversals on the Daily first(like engulfing candle, pin bar or hammer will do) Anyway, I cannot answer...Ignored
DislikedUpdate to the last trades I posted. EU and EG. EU is quite struggling to move but price action and pivot points to the same direction and that's the possibility of moving up. Just have to give it some time and let the market do the work. {image}Ignored
DislikedUpdate to the last trades I posted. EU and EG. EU is quite struggling to move but price action and pivot points to the same direction and that's the possibility of moving up. Just have to give it some time and let the market do the work. {image} EG meanwhile shot up when I opened my laptop. This particular EG trade taught me what Davit has been teaching all along. Pivots can be used to trade swings. Clearly if you look left it's uptrend. I used S38 to S78 to determine swing low. Having the swing low at these strong levels gave me confidence and...Ignored
DislikedAUDNZD Finally a reversal. +1291.1 31 trades total. Not all plotted. {image}Ignored
DislikedSo the Greenback soars higher on an interest rate cut? I waited for the first pop up. I had 1 position then I added 9 more when it came back down, added another 3 went away for a few hours it appeared to be stabilizing and looking ready to go down. Oh no it based and shot higher and just knocked out my 9 position short contract which were placed well above resistance zones and levels Both the YEN and the USD are getting stronger today. On the left side of my screen are green volume bars as you can see we have lots of higher price action on little...Ignored
DislikedWho would have ever thought we'd see such crazy moves in the markets in these last two days? I reentered my USD short last night after having my parachute stop knocked out. Now watching YEN crosses free fall like the thin liquidity day in January when they run stops. This is one problem with Forex no safety mechanism that halts trading. Although even with a safety mechanism once panic ensues there are no real differences except an orderly stepped meltdown. With commodities you can get in a locked limit down situation until the next day when the...Ignored