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Pivot Trading

  • #31,741
  • Aug 23, 2019 3:14pm Aug 23, 2019 3:14pm
With these song from my beloved mama Madame X i wish you good weekend to all of you
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  • #31,742
  • Aug 23, 2019 4:55pm Aug 23, 2019 4:55pm
EJ pending ABCD on a Daily. Ex policy maker from BOJ talking about cutting negative interest rates.
https://www.forexlive.com/centralban...-rate-20190823
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,743
  • Aug 23, 2019 5:22pm Aug 23, 2019 5:22pm
@Romanov102......I know and appreciate you like to build things and I appreciate your attention to detail...That trait probably helps you in trading and it’s obvious in your posts. You live in one of the most beautiful areas in Canada and I lived just 1 hour south of you in Victoria for over 10 years, up at Bear Mountain golf resort. So, you may appreciate one of my paintings that depicts what is locked in my mind....the rolling hills, the beautiful sun sets and the almost desert landscape where I lived. I always felt I was on vacation when I lived there so I call this painting “Three Weeks Vacation” and It reminds me of the Island every time I enter my home here in Lethbridge. Anyway, just an after market comment, I paint while I trade, it really helps me keep things in perspective........Ingvar
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  • #31,744
  • Aug 23, 2019 5:50pm Aug 23, 2019 5:50pm
And when I have a big drawdown I call this “Anger Management”. Lol
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  • #31,745
  • Edited Aug 24, 2019 2:25pm Aug 23, 2019 11:00pm | Edited Aug 24, 2019 2:25pm
Quoting Swede
And when I have a big drawdown I call this “Anger Management”. Lol {image}
Thanks for sharing! Nice pictures, quite a mix of bright and vibrant colors. I was up on Bear mountain last year delivering pipe up at the top. Is the Red in the picture representitive of bleeding in a trade gone wrong?
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,746
  • Aug 24, 2019 12:07pm Aug 24, 2019 12:07pm
i down loaded nostromo_pivots last week and entered these trades on thursday evening. the charts speak for themselves! WOW!! thanks to all here on this thread!!! practice and patience is paying off for me!!!!!

again, thanks to all you great people here!!!!!

happy weekend to all!!
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Mother of Pips
  • #31,747
  • Aug 25, 2019 6:17am Aug 25, 2019 6:17am
Next week’s significant economic announcements and the currencies affected are listed below. You may want to factor them into your trading decisions.

Monday, 26th August

  1. 1:45 – NZD – Trade Balance

Tuesday, 27th August

  1. 9:00 – EUR – German GDP Detailed

Thursday, 29th August

  1. 4:30 – AUD – Capital Expenditure
  2. 10:55 – EUR – German Unemployment Rate SA
  3. 15:00 – EUR – German CPI Prelim MM
  4. 15:30 – USD – GDP 2nd Estimate

Friday, 30th August

  1. 2:30 – JPY – CPI
  2. 2:30 – JPY – Unemployment Rate
  3. 12:00 – EUR – Unemployment Rate
  4. 15:30 – CAD – GDP
  5. 18:00 – CAD – Budget Balance

Plan your trade and Trade your plan.
  • #31,748
  • Aug 25, 2019 11:54am Aug 25, 2019 11:54am
Quoting pipqueen18
i down loaded nostromo_pivots last week and entered these trades on thursday evening. the charts speak for themselves! WOW!! thanks to all here on this thread!!! practice and patience is paying off for me!!!!! again, thanks to all you great people here!!!!! happy weekend to all!! {image} {image}
Thats awesome....read everything you can from Davits postings and others who have been with him for years....this method really works if both fundamentals and price action are in sync. Caution though....certain currencies and crosses do not work well over the long haul....your first one is one of them..Gbp/jpy, as well as chf and crosses...there is a reason and your reading and reasearch will tell you why. Thanks for posting and look forward to more in the future....

ps....moving averages only confuse the trader with this method and are not necessary
  • #31,749
  • Aug 25, 2019 1:40pm Aug 25, 2019 1:40pm
Hi friends i hope you all are well these are 4 pairs in my watch list for next week
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  • #31,750
  • Aug 25, 2019 6:34pm Aug 25, 2019 6:34pm
Quoting Swede
{quote} Thats awesome....read everything you can from Davits postings and others who have been with him for years....this method really works if both fundamentals and price action are in sync. Caution though....certain currencies and crosses do not work well over the long haul....your first one is one of them..Gbp/jpy, as well as chf and crosses...there is a reason and your reading and reasearch will tell you why. Thanks for posting and look forward to more in the future.... ps....moving averages only confuse the trader with this method...
i thought i was going to get busted about my MA's, but it is hard to take the training wheels off!! lol!!
Mother of Pips
  • #31,751
  • Aug 26, 2019 5:57am Aug 26, 2019 5:57am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,081 Posts | Online Now
Everything JPY is overstretched……..
Is the world moving to save heavens?
We obey the structure that results from the market's reaction
  • #31,752
  • Aug 26, 2019 8:10am Aug 26, 2019 8:10am
Back from long holidays.

Trading small and slowly reentering into the flow.
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Porta itineris dicitur longissima esse
  • #31,753
  • Edited 3:53pm Aug 26, 2019 9:35am | Edited 3:53pm
US Red News negative but new talks with China ===> GU +37.4 with NY session:


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But, still in DD ... will GU drop further with the upcoming no-deal Brexit on October 31 ?

Cheers !
-John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #31,754
  • Aug 26, 2019 10:15am Aug 26, 2019 10:15am
Further to Understanding Market Structure I found this little beauty last night ....Thanks Cryptosurf.
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  • #31,755
  • Edited 2:18pm Aug 26, 2019 1:44pm | Edited 2:18pm
BIG BROTHER called this morning, my broker. As some of you know I trade indices as well as forex. I've said before on my Nikki index its never made any sense, for just $40 margin it would trade one CFD contract like you were trading 20 contracts on the S&P. As soon as I entered a trade immediately it would be -$10 and could run hundreds of dollars a day. Measured here $700 in one day. Well today they called me and said we see you like to trade this one and just wanted to notify you we've suspended trading of the JPN 225, and they hoped to have it back soon after some revisions are made. They didn't seem all that friendly, kind of like those guys in a casino at the blackjack table if you're too good at mathematics. LOL I'm thinking maybe 2000% ROM in a day may have pissed them off? I'm speculating when it comes back my cash may be dry. Geez girl you don't milk like you used to!
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,756
  • Aug 26, 2019 1:48pm Aug 26, 2019 1:48pm
Anybody thinking AJ long?
You NEVER will be the person you could be, without pressure & discipline
  • #31,757
  • Aug 26, 2019 1:59pm Aug 26, 2019 1:59pm
Quoting Swede
Further to Understanding Market Structure I found this little beauty last night ....Thanks Cryptosurf. {image} {image}
Yep, ideal setup. Im watching this one as well. Has been on a ripper for the past 4 weeks and due for a decent pullback.
Trade with confidence, trade without fear.
  • #31,758
  • Aug 26, 2019 2:33pm Aug 26, 2019 2:33pm
Quoting DiamondMiner
Anybody thinking AJ long?
Im watching it. It’s been sideways for the past 3 weeks. We have end of month as well this week.
Trade with confidence, trade without fear.
  • #31,759
  • Aug 26, 2019 2:34pm Aug 26, 2019 2:34pm
Quoting Romanov102
BIG BROTHER called this morning, my broker. As some of you know I trade indices as well as forex. I've said before on my Nikki index its never made any sense, for just $40 margin it would trade one CFD contract like you were trading 20 contracts on the S&P. As soon as I entered a trade immediately it would be -$10 and could run hundreds of dollars a day. Measured here $700 in one day. Well today they called me and said we see you like to trade this one and just wanted to notify you we've suspended trading of the JPN 225, and they hoped to have it...
Is this your broker?
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  • #31,760
  • Edited 8:13pm Aug 26, 2019 2:35pm | Edited 8:13pm
Quoting DiamondMiner
Anybody thinking AJ long?
May be worth a crack. Lots of Red Flag news on the AUD this week. From a monthly perspective we're in a good support zone. BOJ is supposed to be taking steps to weaken the YEN. Here's a monthly chart and a daily. On the daily chart I switched the Nostromos pivots to Monthly. In traditional pivots its at MS1 think of it as a longer term monthly swing trade back up to MR1 which is right around the R61 mark if it goes around 250 pips I'd be tempted to place my limit order below .75 maybe .7470
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Fib Traders get it right 61.8% to 78.6% of the time. NR
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