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Pivot Trading

  • #31,721
  • Aug 22, 2019 10:38am Aug 22, 2019 10:38am
Quoting Cryptosurf
{quote} Anything can happen...but major trend shows GBP strength not weakness. You may get a small pullback but it may be short lived. {image} {image}
I have some reasons for these kinde of thinking and belive in these anyway
  • #31,722
  • Aug 22, 2019 10:53am Aug 22, 2019 10:53am
Hey Fellow Pivoters,

A great example of Stop Loss Hunting by MMs making the liquidity to go against you ! This is why Davit's Pivot Trading Systems works !

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Cheers !

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #31,723
  • Aug 22, 2019 11:12am Aug 22, 2019 11:12am
Quoting DrForexMD
Hey Fellow Pivoters, A great example of Stop Loss Hunting by MMs making the liquidity to go against you ! This is why Davit's Pivot Trading Systems works ! {image} {image} Cheers ! - John
I think it had more to do with Johnson meeting with Macron today. Macron stating that UK withdrawal agreement can be amended. Removes some uncertainty winch is good for the pound.
Trade with confidence, trade without fear.
  • #31,724
  • Aug 22, 2019 1:17pm Aug 22, 2019 1:17pm
Quoting Cryptosurf
{quote} I think it had more to do with Johnson meeting with Macron today. Macron stating that UK withdrawal agreement can be amended. Removes some uncertainty winch is good for the pound.
Thanks Cryptosurf,

I see this now...I was already buying the GU based on obvious technical strong support at 1.21. I should have predicted positive talks for a need to keep a mutual agreement and to go slow with the Brexit deal or any other agreements so not to negatively affect UK and the rest of the European economies.

I am very glad that you are here sharing your expertise on Forex fundamentals and the technicals as well - I am impressed with all the talent here... I am sure Davit would be excited and proud how well all you gifted contributing Pivoters have kept this super-important FF Thread alive !

Cheers !

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #31,725
  • Aug 22, 2019 2:03pm Aug 22, 2019 2:03pm
Quoting DrForexMD
{quote} Thanks Cryptosurf, I see this now...I was already buying the GU based on obvious technical strong support at 1.21. I should have predicted positive talks for a need to keep a mutual agreement and to go slow with the Brexit deal or any other agreements so not to negatively affect UK and the rest of the European economies. I am very glad that you are here sharing your expertise on Forex fundamentals and the technicals as well - I am impressed with all the talent here... I am sure Davit would be excited and proud how well all you gifted contributing...
Yeah cable has been on my radar for awhile waiting for a bounce. The daily and weekly have been forming a bottoming pattern (for now). But this could change at any moment. I have a few live squawks that keeps me up on the latest.
Trade with confidence, trade without fear.
  • #31,726
  • Aug 22, 2019 7:01pm Aug 22, 2019 7:01pm
Classic AUDNZD R100 rejection trade, what a big red candle !!

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Pips Collector EA, No Martingale, No Grid
  • #31,727
  • Aug 23, 2019 6:35am Aug 23, 2019 6:35am
Quoting Romanov102
{quote} Are you aware that NZD is planning on cutting another 1/2% on their prime? https://www.forexlive.com/centralban...ahead-20190816
Keep in mind that a lot can happen before this eventually came true.
I try to focus on swings. 25-70 pips (per position) is enough to me.

Quoting Davit
agree it also makes you approach trading like a job.You hit certain number then its fine time to let go.Another trade another day.
About 70-80% of forex is not trending which means holding a position hoping for home run is against you statistically why trend traders are often in DD and this DD can get very large.Not ideal approach. We focus on swings!! Can't state this enough Swings!
NU at current level, i would prefer to buy the dips, rather than sell it.

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"In the end you only trade yourself."
  • #31,728
  • Aug 23, 2019 7:31am Aug 23, 2019 7:31am
Suddenly @ 08:00 NYT things going a little crazy on London Market USD dropping CAD dropping OIL dropping.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,729
  • Aug 23, 2019 8:05am Aug 23, 2019 8:05am
Quoting Romanov102
Suddenly @ 08:00 NYT things going a little crazy on London Market USD dropping CAD dropping OIL dropping. {image} {image} {image}
yes, I didn't see that coming. I restarted my mt4 to check if it glitched haha!!. Don't know why this move happened though
And it was half an hour before CAD news
strip things naked
  • #31,730
  • Aug 23, 2019 8:07am Aug 23, 2019 8:07am
Quoting Romanov102
Suddenly @ 08:00 NYT things going a little crazy on London Market USD dropping CAD dropping OIL dropping. {image} {image} {image}
China Tariffs

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Trade with confidence, trade without fear.
  • #31,731
  • Aug 23, 2019 8:24am Aug 23, 2019 8:24am
and the reaction pre market to the China news on tarriff.....
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  • #31,732
  • Aug 23, 2019 10:48am Aug 23, 2019 10:48am
Thanks Trump! Lovely little move on a Friday afternoon.
  • #31,733
  • Aug 23, 2019 11:07am Aug 23, 2019 11:07am
Here's something i mentioned before and worth revisiting again. Correlated pairs with EU+USDCHF and Gold and UJ.

Majority of the times when on goes, the other moves in the opposite direction.

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Trade with confidence, trade without fear.
  • #31,734
  • Aug 23, 2019 11:44am Aug 23, 2019 11:44am
The Chinese are big forex traders. I wonder how many BILLIONS they made this morning by positioning themselves before announcing the tariffs? The Chinese also trade lots of options on forex. I find this website useful they give a breakdown of FX options expiries you can sign up for free and get a daily email from them or just look at their website under the more tab on the top right side forex orders. I like to know the levels and mark them on my chart even though its not a news event quite often after the expiry especially if it expires close to a level you can see 20 pip or better moves. This is useful to know when a pair is looking good at a particular pivot point levels. Sometimes price will get pushed prior to 7 am to defend the option.
https://www.forexlive.com/Orders
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,735
  • Aug 23, 2019 11:49am Aug 23, 2019 11:49am
Quoting Romanov102
The Chinese are big forex traders. I wonder how many BILLIONS they made this morning by positioning themselves before announcing the tariffs? The Chinese also trade lots of options on forex. I find this website useful they give a breakdown of FX options expiries you can sign up for free and get a daily email from them or just look at their website under the more tab on the top right side forex orders. I like to know the levels and mark them on my chart even though its not a news event quite often after the expiry especially if it expires close to...
yes know this but how do you trade spot forex using options.. read somewhere that price attract towards these expiry levels. also saw price bouncing from these levels sometime. could you kindly explain if you anything about option expiry and how to use it with spot fx. thanks
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #31,736
  • Aug 23, 2019 1:18pm Aug 23, 2019 1:18pm
Well as Dr. ForexMD says..."what goes up must come down" and the Chinese really did a job on Crude oil and the US Markets...anyway big
moves give up many opportunities...today was a scalping day for me....
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  • #31,737
  • Aug 23, 2019 1:23pm Aug 23, 2019 1:23pm
Im sure that GC will fail next week
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  • #31,738
  • Aug 23, 2019 1:28pm Aug 23, 2019 1:28pm
Quoting vijiragavan
{quote} yes know this but how do you trade spot forex using options.. read somewhere that price attract towards these expiry levels. also saw price bouncing from these levels sometime. could you kindly explain if you anything about option expiry and how to use it with spot fx. thanks
The London session and the London NY overlap are predominantly the busiest times in the forex market. The NY cut as its known occurs at 10:00am NYT. All I'm saying as Pivot point traders its good to be aware of these levels, and how it may affect our trade exits or entries. Watch price actions at those times before and after the expiry.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,739
  • Edited 2:56pm Aug 23, 2019 1:44pm | Edited 2:56pm
And some wineers during the week best milked pair GA
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  • #31,740
  • Aug 23, 2019 3:09pm Aug 23, 2019 3:09pm
Quoting mizi123
And some wineers during the week best milked pair GA {image} {image} {image} {image}
And I thought the Kiwi was the "Dairy Trade" is GA the new CASH COW? Looking utterly awesome!
Fib Traders get it right 61.8% to 78.6% of the time. NR
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