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Pivot Trading

  • #31,561
  • Aug 5, 2019 7:52pm Aug 5, 2019 7:52pm
EG on a H4 and H1 In standard pivots currently @ MR1
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,562
  • Edited 2:09pm Aug 6, 2019 1:58pm | Edited 2:09pm
Watching this area for short--lots of stop loss around that area by now and market shall revisit
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  • #31,563
  • Edited 11:41pm Aug 6, 2019 3:03pm | Edited 11:41pm
  • #31,564
  • Aug 6, 2019 3:39pm Aug 6, 2019 3:39pm
Greetings,

also EJ seems in good way for going down.
Fist trade on it, early entry for sure but let's wait and see.

H
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Don't be delicated, be vast and brilliant ! [Brent Smith]
  • #31,565
  • Edited 9:11pm Aug 6, 2019 7:10pm | Edited 9:11pm
AN ABCD DAILY currently hovering just below S38. RBNZ rate announcement @ 22:00 NYT forecast for a 1/4 % cut, perhaps this will give the Aussie a boost over the Kiwi. Maybe we could see 50 pips or better. Update:Impossible to catch unless you were already in it countdown was 3 seconds away from release and it popped 70 pips like a rocket ship. S38 to R61 in about a second!
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,566
  • Aug 6, 2019 7:19pm Aug 6, 2019 7:19pm
Quoting Romanov102
AN ABCD DAILY currently hovering just below S38. RBNZ rate announcement @ 22:00 NYT forecast for a 1/4 % cut, perhaps this will give the Aussie a boost over the Kiwi. Maybe we could see 50 pips or better. {image}
not sure why they need to cut when their unemployment is so low but I'm not sure what criteria RBNZ use for their interest rates as I don't follow it as closely as RBA (who use employment and inflation targets)
Hope for the best, prepare for the worst.
  • #31,567
  • Aug 6, 2019 7:57pm Aug 6, 2019 7:57pm
I don't know , except it seems to be the trendy thing to do lately! All these supposedly smart economic ministers have painted every one of their countries deep into debt. Its an interesting phenomenon. Every major Country in the world is deep in debt and the poor third world has no money. You only ever here the terms First world and Third world. Ever here someone say: Oh that's a Second world country! So the question of the day is: If the third world is broke and the first world is deep in debt, who do we owe all this fake money to? Mud Men from Borneo? New Zealand is an interesting place it's geographically similar in size to California. It has 1/8th of the population that California has. GDP per capita is 16 K a year less than California, and people pay attention to its currency.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,568
  • Aug 7, 2019 12:02am Aug 7, 2019 12:02am
most NZD pairs have reached R100 or S100 so is everyone looking to drive it to Pivots?
strip things naked
  • #31,569
  • Aug 7, 2019 12:04am Aug 7, 2019 12:04am
Quoting Romanov102
I don't know , except it seems to be the trendy thing to do lately! All these supposedly smart economic ministers have painted every one of their countries deep into debt. Its an interesting phenomenon. Every major Country in the world is deep in debt and the poor third world has no money. You only ever here the terms First world and Third world. Ever here someone say: Oh that's a Second world country! So the question of the day is: If the third world is broke and the first world is deep in debt, who do we owe all this fake money to? Mud Men from...
banks are winning in every country.
strip things naked
  • #31,570
  • Edited 2:48am Aug 7, 2019 1:21am | Edited 2:48am
Quoting Halfcents
Watching this area for short--lots of stop loss around that area by now and market shall revisit {image}
Rate cut worse than expected! That was a crazy move on NZD, more than NFP does
  • #31,571
  • Edited 7:05am Aug 7, 2019 4:22am | Edited 7:05am
AN is trying to make a comeback and strut it's stuff...
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You NEVER will be the person you could be, without pressure & discipline
  • #31,572
  • Aug 7, 2019 5:12am Aug 7, 2019 5:12am
I can agree,
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We obey the structure that results from the market's reaction
  • #31,573
  • Edited 1:43pm Aug 7, 2019 8:45am | Edited 1:43pm
UC on a M30 Ivey PMI on Canada in 15 mins. UPDATE Canada printed Green.Price action interesting on this pair this morning. The trifecta effect which I find makes this one a tricky pair at times. USD is dropping, Oil inventory report this morning over estimates, OIL dropping in price and CAD correlating with oil this morning, and USD going up in price against CAD again while falling in price against the AU,EU,GU,NU,U CHF, UJ
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,574
  • Aug 7, 2019 10:40am Aug 7, 2019 10:40am
EURGBP at an interesting location for sell, but i dont see anything on the calender to make it gain at the moment. I'd prefer to wait for GBP news on friday to see if it will give it some energy or if PA points to south before then, might jump in. Key level 0.93000
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  • #31,575
  • Aug 7, 2019 11:36am Aug 7, 2019 11:36am
Going to start building in the short term based on test of daily low....not sure if wise to do so.... need to keep a sharp eye and stay small in the beginning....
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  • #31,576
  • Aug 7, 2019 1:38pm Aug 7, 2019 1:38pm
@DrForexMD.....I tried to answer your PM but I get a message "DrForexMD settings does not allow PM?" or something to that effect... I will try later
  • #31,577
  • Aug 7, 2019 2:40pm Aug 7, 2019 2:40pm
Quoting Swede
Small trade on Aussie started during Asia last night....very conservative because this was hugely countertrend....but turned out nice considering it was only for 18 hours or so....based on the Jan3 spike down..simply had to be orders down there...plus ADR was at +200% as I recall....anyway a nice little profit to pay for my vehicle servicing...lol {image}
Edit....not sure why the closed trades only showed .20 lots....this is the true picture..
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  • #31,578
  • Aug 7, 2019 3:31pm Aug 7, 2019 3:31pm
Nice and only 2 trades! You got me beat for the week, I won 13 out of 14 for $616.88 I think you won on USD weakness over AUD strength. Hopefully the stealership doesn't take it all servicing your vehicle.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,579
  • Edited Aug 8, 2019 1:37pm Aug 7, 2019 3:36pm | Edited Aug 8, 2019 1:37pm
Closed AN with a small Profit...it's all about patience. Davit's Philosophy works, the biggest key is be patient, provided is my documentation. I haven't been trading much lately because of health issues, mostly studying to get better at my craft where time meets price. Historically I've made a lot more money with this method. Whenever I lost money it was because of my impatience not the methodology. When I deviated from the rules, I lost money, when I went back to the rules, I made money. Yes, there was DD but I noticed that most of the time everything comes full circle, that's where patience comes in. Watching different Time Frames for entry is imperative for me, my take is (look at the now, the small picture and the big picture). I'm trying to learn by doing not just to make trades, surly I am slow but methodical, as to be foolish is why the 90% give their money to the 10%. Nobody has money for the toilet. Posted below is my last 70 live trades.
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For those who enjoy reading: Traders World #35
Attached File(s)
File Type: pdf #35.pdf   6.6 MB | 2,274 downloads
File Type: pdf Pivot Trading with TDI.pdf   3.7 MB | 1,356 downloads
File Type: pdf Davit's Philosophy.pdf   484 KB | 964 downloads
File Type: pdf Davit Pivot Zone Introduction Worksheet Trade Evaluation (1).pdf   166 KB | 1,124 downloads
File Type: pdf Trading in the Zone.pdf   339 KB | 998 downloads
You NEVER will be the person you could be, without pressure & discipline
  • #31,580
  • Edited Aug 8, 2019 12:06pm Aug 7, 2019 4:12pm | Edited Aug 8, 2019 12:06pm
EG on H4 ABCD Euro data late Thursday night GBP Data on Friday. It's touched halfway between R61 and R78 which in standard pivots is MR1. I'm in on a short sell. UPDATE I scratched out of this one for now it went a little higher came back down currently going sideways. I'm going to await what the Red flag GDP does tomorrow, and we still have the instability of deal no deal Brexit. Capital preservation.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
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