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Pivot Trading

  • #31,521
  • Aug 1, 2019 2:02pm Aug 1, 2019 2:02pm
In Forex you only see the volume associated with your broker not overall market volume, however seeing as I'm with FXCM who has quite a few clients not some unregulated Banana Republic broker. Look at the lack of volume going on on the left side of my chart a big empty void of black buying didn't start until it fell halfway between WS3 and MS2 which is also below S200 in Davits pivots I had to turn them on in my Mt4 charts certainly a bloodbath day today.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,522
  • Aug 1, 2019 3:38pm Aug 1, 2019 3:38pm
Quoting DiamondMiner
{image} Still hanging in with AN(my slow moving dinosaur),Well..... Crap happens.... I think I just lost my FAITH.... 3402197 For those who are readers enjoy back issues of Traders World #33, and 34 3402275{image} {image} {image}
Well that explains the wild day today! I was actually busy in the brokerage this morning looking after things wondering WTF is going on? Looking at my charts off to the side, another "RED Herring" event nothing much in the Calendar kicking in yet today NFP tomorrow and everything starts going off the rails. The "Donald" effect strikes again! I'm working on my RV Van rebuild, I'm seriously considering screwing off and doing some GOLD prospecting in the next while if I can get the van wrapped up. I need to get a hitch for the front of my YJ then I can pull it behind me.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,523
  • Aug 1, 2019 7:13pm Aug 1, 2019 7:13pm
Quoting Romanov102
{quote} Well that explains the wild day today! I was actually busy in the brokerage this morning looking after things wondering WTF is going on? Looking at my charts off to the side, another "RED Herring" event nothing much in the Calendar kicking in yet today NFP tomorrow and everything starts going off the rails. The "Donald" effect strikes again! I'm working on my RV Van rebuild, I'm seriously considering screwing off and doing some GOLD prospecting in the next while if I can get the van wrapped up. I need to get a hitch for the front of my YJ...
Nick, I was texting Stev1929 about trading that moment I saw the bottom fall out on AN. That is exactly what I said to Stev, WTF? Truly the "Trump Effect" is instantaneous and World Wide. Being on the wrong side of the trade, stinks. As to the gold prospecting, I'll go with ya,seeing how I started out as a diver back in 76, good luck.
You NEVER will be the person you could be, without pressure & discipline
  • #31,524
  • Edited 10:54pm Aug 1, 2019 7:57pm | Edited 10:54pm
Happy on ending the week
AN
and 2 reports of this week
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Trading is about paying attention. Davit
  • #31,525
  • Aug 2, 2019 1:44am Aug 2, 2019 1:44am
A positive NFP and USDJPY can shoot up,
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We obey the structure that results from the market's reaction
  • #31,526
  • Aug 2, 2019 2:53am Aug 2, 2019 2:53am
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We obey the structure that results from the market's reaction
  • #31,527
  • Aug 2, 2019 4:21am Aug 2, 2019 4:21am
Quoting asgharhussai
Happy on ending the week AN and 2 reports of this week {image} {image} {image}
Great! You are the only one who is reading the markets in the right way! No fanciful pattern ABCDEFGH ... against the trend chasing hypothetical retracements (or swings) to then accumulate only DD. Your approach does not follow the "standard" rules on Davit pivots but you are interpreting very well following the market trend by looking at the real price action. Markets are constantly changing skin and need to adapt.
Trade What's Happening... Not What You Think Is Gonna Happen
  • #31,528
  • Aug 2, 2019 5:35am Aug 2, 2019 5:35am
Quoting ToddyS2K
{quote} Great! You are the only one who is reading the markets in the right way! No fanciful pattern ABCDEFGH ... against the trend chasing hypothetical retracements (or swings) to then accumulate only DD. Your approach does not follow the "standard" rules on Davit pivots but you are interpreting very well following the market trend by looking at the real price action. Markets are constantly changing skin and need to adapt.
I share the same wiev about... these trader.
  • #31,529
  • Aug 2, 2019 5:35am Aug 2, 2019 5:35am
Looks to me the influx of money in the market is flowing to NZD again, safe havens?
We obey the structure that results from the market's reaction
  • #31,530
  • Aug 2, 2019 8:17am Aug 2, 2019 8:17am
It seems that right now the fundamentals are zero, at least the official releases.
Safe haven JPY and CHF bought with both hands regardless of the result of the news.
Porta itineris dicitur longissima esse
  • #31,531
  • Aug 2, 2019 8:51am Aug 2, 2019 8:51am
my thanks to DAVIT and all great people on this thread! I seemed to have turned a major corner in my trading for the last 3 months and have almost earned back all I lost in the last 2 1/5 years. the generosity and knowledge in the people on this thread is refreshing and wonderful.

thanks very much to all of you here!!!!!!
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Mother of Pips
  • #31,532
  • Edited 2:05pm Aug 2, 2019 9:26am | Edited 2:05pm
Hey Fellow Pivoters,

A pdf summary of the Pivot Trading FF Posts here for July 2019:

Attached File(s)
File Type: pdf File 41 - Davit's Posts et. al. on his Pivot Trading thread-2019-07 Pages - 125.pdf   5.5 MB | 849 downloads


A few footnotes to all:

It was the hottest July in recorded history thanks to carbon-induced green-house effects resulting world-wide forest fires that can be seen from space - while the world economy appears to be getting coldest with the ever-growing limited world resources magnifying and likely hastening of total world famine.

"...in October that after a decade of steadily rising hunger, the number of people in the world who are chronically hungry crossed the one billion mark in 2009. The FAO estimated the number of people suffering from chronic hunger at 642 million in Asia and the Pacific, 265 million in sub-Saharan Africa, 53 million in Latin America and the Caribbean, and 42 million in the Near East and North Africa." (see https://www.populationinstitute.org/...ine/issue/1/8/ )

I hope we do *not* eventually end-up pivoting off this green planet with our human greed stopping our need for the application of rational thinking, reasoning and planning by those who hold power. Otherwise, we will all be damned - and future generations !

IMHO, it is better to use money towards achieving world-order instead of wasting money-resources on nuclear armaments and space travels.

I am trying to keep some optimism that we will wake-up before it becomes too late to turn things around.

Peace to all,

John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #31,533
  • Aug 2, 2019 9:45am Aug 2, 2019 9:45am
Quoting DrForexMD
Hey Fellow Pivoters, A pdf summary of the Pivot Trading FF Posts here for July 2019: {image} A few footnotes to all: It was the hottest July in recorded history thanks to carbon-induced green-house effects resulting world-wide forest fires that can be seen from space - while the world economy appears to be getting coldest with the ever-growing limited world resources magnifying and likely hastening of total world famine. "...in October that after a decade of steadily rising hunger, the number of people in the world who are chronically hungry crossed...
thank You
its really very help full
Trading is about paying attention. Davit
  • #31,534
  • Aug 2, 2019 10:11am Aug 2, 2019 10:11am
Agree this is a very productive and dynamic thread.....and the contributions are outstanding....many different ways to approach exits and entries, long term, short term, but it all comes down to the pivots, price action and fundamentals....nice way to end the week with this little gem....
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  • #31,535
  • Aug 2, 2019 10:55am Aug 2, 2019 10:55am
Turned out well...going to close for the weekend with a nice profit...
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  • #31,536
  • Aug 2, 2019 11:34am Aug 2, 2019 11:34am
Quoting Swede
Turned out well...going to close for the weekend with a nice profit... {image}
Hi Swede,

Just a silly question, why is your ADR already 110.2%? Mine is only 100% now.
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We obey the structure that results from the market's reaction
  • #31,537
  • Aug 2, 2019 11:40am Aug 2, 2019 11:40am
Quoting Egbert
{quote} Hi Swede, Just a silly question, why is your ADR already 110.2%? Mine is only 100% now. {image}

Probably because the ADR is based on my brokers historical volumes...same as viewing a volume indicator, it's based on the Brokers volume, not the overall volume of the Forex market.....
  • #31,538
  • Edited 2:43pm Aug 2, 2019 12:01pm | Edited 2:43pm
Red flag event of the day. Trump speaks 1:45 NYT 10 to 1 we are going to announce the Europeans are being meanies, they are not playing fair! Boris and I are going to tag team them in the ring. blah, blah, blah. I had a EC long that I'd been in for a few weeks dumped it at a small loss in front of this. The only thing I'm left holding are some index shorts, USD short and 1 NJ long that I have virtually zero hope for in light of the current situation with the exception that my account is held in USD so perhaps if it starts its flailing downward spiral the Kiwi will hang in there. In light of whats been occurring lately I'm going to be curtailing my FX trading and focus on only quick in and out opportunities and leave no cards laying on the table.
https://www.forexlive.com/news/!/tru...paign=02.08.19

Here's a link to watch it live: https://www.whitehouse.gov/live/
And au contraire as to what was predicted as an escalation in tariffs against Europe by some news agencies it was a tactful positive announcement of a deal to sell more US beef to Europe with only a joke at the end announcing a 25% import tariff on all Mercedes.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,539
  • Aug 2, 2019 12:03pm Aug 2, 2019 12:03pm
Watch Cad Next week.....fundamentals back it up for more strength against US....decided to close part of trade and hold some runners...
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  • #31,540
  • Aug 2, 2019 12:41pm Aug 2, 2019 12:41pm
Greetings Everyone ?

How are you guys?
Long time since last time i post over here, really sorry being offline i hope to restart my trading activity sooner, but belive me Rome is a MESS...
Really horrible city, with a lot of problem from Garbage over the streets, fake job offer, and health care assistance do not exist lol !

Hope everything is good for you, take care as always !

H.
Don't be delicated, be vast and brilliant ! [Brent Smith]
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