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Pivot Trading

  • #31,781
  • Aug 28, 2019 7:09am Aug 28, 2019 7:09am
Anyone watching USDCAD ? looks like a strong Resistance on that area.
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1 simple mistake makes you become 1000x better.
  • #31,782
  • Edited 7:25am Aug 28, 2019 7:15am | Edited 7:25am
Quoting oswell
Anyone watching USDCAD ? looks like a strong Resistance on that area. {image}
Hi oswell,

Currently I'm selling GBPCAD as my thoughts are a stronger CAD. BUT that is just me, will see with the red news.

Green pips.
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We obey the structure that results from the market's reaction
  • #31,783
  • Aug 28, 2019 9:39am Aug 28, 2019 9:39am
Quoting Egbert
GBP is getting a sell off, wow. Let ME say anything GBP is selling. MM really loves the land of milk and butter?
Yeah the market reacted on Boris Johnson’s request to suspend parliament
https://www.bbc.com/news/business-49493885
Trade with confidence, trade without fear.
  • #31,784
  • Aug 28, 2019 11:19am Aug 28, 2019 11:19am
Quoting oswell
Anyone watching USDCAD ? looks like a strong Resistance on that area. {image}
USD is being reluctant to rollover and drop. CAD news hasn't been that great lately. MR Pink Socks and his crew of windbags has been busy running the economy right off the rails. Screws a pipeline project up for 3 1/2 years and then gets it going right before the election after a 100,000 plus oil workers have been off the job . I guess he's hopeful peoples memories are short. A typical politician, been screwing us hard and increasing taxes and then wants to brag about how he's helping the middle class grow. Bringing in refugees by the tens of thousands who are happy to take our jobs at half the price or lie around on welfare.
https://www.thepostmillennial.com/un...hIxytk43F4kVbo
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,785
  • Aug 28, 2019 1:22pm Aug 28, 2019 1:22pm
This is called my MIXED MESSAGE trade....on one hand West Texas is up strengthening the Cad....on the other hand we have Boris Johnson (save me from another politician with bad hair) causing a reaction on GBP. Anyway there is lots of room to the upside on the weekly....so technically the hourlys hit a late week markup then failing this weeks R38 zone....so all that looks good but beginning to think I should take some off the table and see from there....Any input from other traders is most welcome......have a look at my trading page and tell me what you think....(be careful though as I am fragile..haaaaa)
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  • #31,786
  • Aug 28, 2019 2:56pm Aug 28, 2019 2:56pm
Quoting Swede
This is called my MIXED MESSAGE trade....on one hand West Texas is up strengthening the Cad....on the other hand we have Boris Johnson (save me from another politician with bad hair) causing a reaction on GBP. Anyway there is lots of room to the upside on the weekly....so technically the hourlys hit a late week markup then failing this weeks R38 zone....so all that looks good but beginning to think I should take some off the table and see from there....Any input from other traders is most welcome......have a look at my trading page and tell me what...
Looks good. My larger view on the pound is bullish. I like the bottom pattern forming on the weekly. However there may be some turbulence (as we witnessed today) over the next month or so. If Brexit is delayed again (signifying uncertainty) then I would look for further downside.

Edit: It would not surprise if price retested the previous low on the weekly as well.
Trade with confidence, trade without fear.
  • #31,787
  • Edited 4:11am Aug 29, 2019 1:59am | Edited 4:11am
Completely missed this one.

Long holidays help you to relax, another matter is to recover the focus.
Another interesting spot could be EN.
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Porta itineris dicitur longissima esse
  • #31,788
  • Aug 29, 2019 8:34am Aug 29, 2019 8:34am
Like Warren Buffett said ......You cant make a baby in ONE month by getting 9 women pregnant" This make take some time...lol
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  • #31,789
  • Aug 29, 2019 8:54am Aug 29, 2019 8:54am
Did catch a nice little Crude Oil trade a few minutes ago....out now too see where the Markets go....If dow and s and p pull back will take another run at this...
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  • #31,790
  • Aug 29, 2019 9:02am Aug 29, 2019 9:02am
UNOK Daily Crab
I posted this one 3 weeks ago now above its stop and the R100 level. USD has been very strong. It has blown through several patterns and levels on the one and four hour time frames.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,791
  • Aug 29, 2019 9:33am Aug 29, 2019 9:33am
Im going short on CAD/CHF here somwere, i have so many reasons for these
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  • #31,792
  • Aug 29, 2019 9:38am Aug 29, 2019 9:38am
Look's like green light are on for me thanc you friends from bottom of my heart
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  • #31,793
  • Aug 29, 2019 10:04am Aug 29, 2019 10:04am
Quoting mizi123
Look's like green light are on for me thanc you friends from bottom of my heart {image}
Thats great to hear you feel that way, keep refining your trading!

Word of caution though.....chf pairs and crosses are not recommended trading in this thread for a reason...if you read from the 1st page on you will see why......

I see you have a full lot pending...what happens if your wrong??. My point is if we make small entries and add too them as price action dictates instead of going all in all at once.and you take the approach that is taught by Davit, you can be wrong and still have a good average to be able to hold until the trade goes your way....just saying....

believe me we have all been there where we are so sure of our entries we go all in....only to find out a Central Bank or hedge fund intervenes to crush our "sure thing" entry.

Don't let my comments dampen your confidence please...they are meant to save you some pain...
  • #31,794
  • Aug 29, 2019 2:36pm Aug 29, 2019 2:36pm
I believe in Davit's absence his thread should be respected. Look at the rules on page 1. Lets stay away from new indicators etc. Speaking of indicators here's a video on the TDI indicator. Patrick from Vegas has an interesting series of videos I like his chess theme pawn takes King.
Inserted Video
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,795
  • Aug 29, 2019 4:09pm Aug 29, 2019 4:09pm
AC on a H1 Red AUD red news today and CAD red news tomorrow.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,796
  • Aug 29, 2019 6:42pm Aug 29, 2019 6:42pm
I look forward to contributing to this thread. Thank you Davit For the system and your trading knowledge.

Thank you to all the traders here as well that have been kind enough to share there wisdom and views

Cheers.
If you fail to plan, Plan to fail
  • #31,797
  • Aug 29, 2019 8:22pm Aug 29, 2019 8:22pm
Quoting Romanov102
I believe in Davit's absence his thread should be respected. Look at the rules on page 1. Lets stay away from new indicators etc. Speaking of indicators here's a video on the TDI indicator. Patrick from Vegas has an interesting series of videos I like his chess theme pawn takes King. https://www.youtube.com/watch?v=EDuzcUStPgQ
Good video...have watched him before....but nothing beats pivot trading imho and when one trades using Davit's methods it becomes very profitable. I look at the market with a new set of eyes since trading this method.

Yes I feel the thread should be respected, and without Davit's presence I do not feel comfortable posting as much as I have been so I am going to hold back until I hear different. I hope there isn't a tragedy of some kind that has caused his absence, maybe he just needed a break...I hope that is the case. It also seems many of the regular contributors have also disappeared or at least have stopped posting...maybe they are aware of something we are not...anyway, I will update my Cad trade at this point because it truly was motivated by pivots, price action and fundamentals...no way to dispute that. Im a little underwater with NOK but manageable at this point.(..aahhh.... the wisdom of entering small until the true picture comes to light....a very wise entry system Davit!!!!!)
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  • #31,798
  • Aug 30, 2019 5:47am Aug 30, 2019 5:47am
Quoting Swede
{quote} Good video...have watched him before....but nothing beats pivot trading imho and when one trades using Davit's methods it becomes very profitable. I look at the market with a new set of eyes since trading this method. Yes I feel the thread should be respected, and without Davit's presence I do not feel comfortable posting as much as I have been so I am going to hold back until I hear different. I hope there isn't a tragedy of some kind that has caused his absence, maybe he just needed a break...I hope that is the case. It also seems many...

Hi Swede,

I'm enjoying your posts and they've been very educational for myself. I've prevented myself from posting until I seriously hone my skills like other's here. It's great to see some of you still posting in Davit's absence. Keep up the great work.

Also been enjoying the 'CryptoSurf' trade of the late markups and 38 failures. Excellent stuff!

Cheers,
Ben
  • #31,799
  • Aug 30, 2019 6:09am Aug 30, 2019 6:09am
the audacity of some knows no bounds,
Please use my template and indicators so we can be all on same page
Offenders using other indicators will be removed without notice
no wonder Davit has gone to quietly do his own thing ...... Go with Good Fortune and Good Health Davit... SP
  • #31,800
  • Aug 30, 2019 8:05am Aug 30, 2019 8:05am
Hey Fellow Pivoters,

I am going long on EU today during the NY Session - looks like EU is Ranging:

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Have a great weekend all !

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
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