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Pivot Trading

  • #31,801
  • Aug 30, 2019 8:40am Aug 30, 2019 8:40am
Well as I mentioned Aug. 27th about this China deal not passing the sniff test, others are beginning to notice as well. Now, I am a firm supporter of Trump, everyone knows that but you know like I know all politics is Smoke and Mirrors(what you see is Not what you get).https://www.fxstreet.com/analysis/tr...ica-newsletter
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You NEVER will be the person you could be, without pressure & discipline
  • #31,802
  • Aug 30, 2019 12:24pm Aug 30, 2019 12:24pm
It's the end of August, most people are on vacation. Besides, all the smart money is in bonds right now. It's a great time to take a break. I'm sure he'll be back.
  • #31,803
  • Edited 1:28pm Aug 30, 2019 1:15pm | Edited 1:28pm
Quoting DrForexMD
Hey Fellow Pivoters, I am going long on EU today during the NY Session - looks like EU is Ranging: {image} Have a great weekend all ! - John
Hi John
Here's a couple of EU charts a weekly and a H4 with a pending ABCD pattern. USD has been resilient lately. Have a great Labor Day long weekend everyone! NFP next week and some RED flag CAD news.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,804
  • Aug 31, 2019 3:18am Aug 31, 2019 3:18am
I hope Davit pops out in some point a million on his account.
  • #31,805
  • Edited 7:21pm Sep 1, 2019 4:14pm | Edited 7:21pm
Quoting 1pipperhour
I hope Davit pops out in some point a million on his account.
Ditto 1pipperhour ... I have been trying to contact Davit with no avail. Hopefully, he and his loved-ones are okay. I do have his real name, address, FB account, and the FB accounts of his wife and two adult sons - which I cannot share for obvious reasons. So, I have been hard at work this weekend trying to see if he is fine.

In any case, here is the my Summary PDF of Davit's Pivot Trading FF Thread for last month. In reality, it really has become *Our* FF thread with all the excellent Posts and teaching here by Swede and the other new Davit Pivot Forex Traders:

Attached File(s)
File Type: pdf File 42 - Davit's Posts et. al. on his Pivot Trading thread-2019-08 Pages - 158.pdf   7.0 MB | 1,027 downloads


Cheers my Pivot Trading friends !

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #31,806
  • Sep 2, 2019 12:39am Sep 2, 2019 12:39am
EJ pending ABCD on Daily and pending Bat on weekly.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,807
  • Edited 7:34am Sep 2, 2019 6:15am | Edited 7:34am
Hello Pivoters,

GU +37.3 Pips from a short from 8/21/19 and a second one from yesterday after the negative Manufacturing PMI. Now, there there is a swing off Fib S78-100 area, so I am building some longs:

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Of course, GU may fall more with the No-Deal Brexit approaching on October 31.

Regards,

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #31,808
  • Sep 2, 2019 10:39am Sep 2, 2019 10:39am
This week’s significant economic announcements and the currencies affected are listed below. You may want to factor them into your trading decisions.

Tuesday, 3rd September

  1. 7:30 – AUD – RBA Cash Rate
  2. 9:30 – CHF – CPI

Wednesday, 4th September

  1. 4:30 – AUD – GDP
  2. 15:30 – CAD – Trade Balance
  3. 17:00 – CAD – BoC Rate Decision

Thursday, 5th September

  1. 4:30 – AUD – Trade Balance
  2. 15:15 – USD – ADP Nonfarm Employment Change

Friday, 6th September

  1. 12:00 – EUR – GDP Revised
  2. 15:30 – CAD – Employment Change
  3. 15:30 – CAD – Unemployment Rate
  4. 15:30 – USD – Non-Farm Payrolls
  5. 15:30 – USD – Unemployment Rate

Plan your trade and Trade your plan.
  • #31,809
  • Sep 2, 2019 10:44am Sep 2, 2019 10:44am
Buying EURUSD ?!
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strip things naked
  • #31,810
  • Edited 8:11pm Sep 2, 2019 11:07am | Edited 8:11pm
Quoting DrForexMD
Hello Pivoters, GU +37.3 Pips from a short from 8/21/19 and a second one from yesterday after the negative Manufacturing PMI. Now, there there is a swing off Fib S78-100 area, so I am building some longs: {image} {image} {image} Of course, GU may fall more with the No-Deal Brexit approaching on October 31. Regards, - John
Here's a one hour GU chart for you. UPDATE : confirmed Shark on H4
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,811
  • Sep 2, 2019 11:23am Sep 2, 2019 11:23am
Closed my GBPCAD with nice profit.
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We obey the structure that results from the market's reaction
  • #31,812
  • Sep 2, 2019 12:44pm Sep 2, 2019 12:44pm
Boris , Boris, Boris....if you pull through your current situation Cable may be the best investment in history...anyway there may be still some downside but the location seems prudent for a long in the short term....building at this point small positions according to the rules of this thread...

Euro looks like a great place to start building...cant help but acknowledge Cryptosurf market structure he has brought to our attentions many times..Notice the S138 late week mark down and then the failure this week at S38........anyway even if it looks great, caution needs as the Banks are on Holiday both in Canada and US...when they return anything can happen as we all have seen many times.
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  • #31,813
  • Sep 2, 2019 3:34pm Sep 2, 2019 3:34pm
Quoting Swede
Boris , Boris, Boris....if you pull through your current situation Cable may be the best investment in history...anyway there may be still some downside but the location seems prudent for a long in the short term....building at this point small positions according to the rules of this thread... Euro looks like a great place to start building...cant help but acknowledge Cryptosurf market structure he has brought to our attentions many times..Notice the S138 late week mark down and then the failure this week at S38........anyway even if it looks great,...
It's these thin liquidity days when the F#^kery goes on sometimes.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,814
  • Sep 2, 2019 4:26pm Sep 2, 2019 4:26pm
Keeping a eye in GU as well. PA is talking to me
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If you fail to plan, Plan to fail
  • #31,815
  • Sep 2, 2019 8:52pm Sep 2, 2019 8:52pm
Quoting Swede
Boris , Boris, Boris....if you pull through your current situation Cable may be the best investment in history...anyway there may be still some downside but the location seems prudent for a long in the short term....building at this point small positions according to the rules of this thread... Euro looks like a great place to start building...cant help but acknowledge Cryptosurf market structure he has brought to our attentions many times..Notice the S138 late week mark down and then the failure this week at S38........anyway even if it looks great,...
Euro is looking shakey as fook right about now. Broke thru R38. The weekly shows a lot of air to the bottom.

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Trade with confidence, trade without fear.
  • #31,816
  • Sep 2, 2019 9:42pm Sep 2, 2019 9:42pm
My correlated pairs also show EU and UCHF still moving in the opposite directions (for now).

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Trade with confidence, trade without fear.
  • #31,817
  • Sep 3, 2019 4:16am Sep 3, 2019 4:16am
Quoting Cryptosurf
{quote} Euro is looking shakey as fook right about now. Broke thru R38. The weekly shows a lot of air to the bottom. {image}
Yes, EUR inherently weak, affected more than other currencies by possible no deal Brexit over other bad situations as Italy politics.
GU below 1.20 and close to its all time lows.

As per yours low hanging fruit setups currently I see only NU and AN, both testing R/S38, but with AUD GDP on Wed and above all NFP on Fri I don't feel confodent to take any position.
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Porta itineris dicitur longissima esse
  • #31,818
  • Sep 3, 2019 5:23am Sep 3, 2019 5:23am
Quoting bubincka
{quote} Yes, EUR inherently weak, affected more than other currencies by possible no deal Brexit over other bad situations as Italy politics. GU below 1.20 and close to its all time lows. As per yours low hanging fruit setups currently I see only NU and AN, both testing R/S38, but with AUD GDP on Wed and above all NFP on Fri I don't feel confodent to take any position. {image} {image}
Agreed, I’m watching those as well.
Trade with confidence, trade without fear.
  • #31,819
  • Sep 3, 2019 5:50am Sep 3, 2019 5:50am
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EURGBP WOW
We obey the structure that results from the market's reaction
  • #31,820
  • Sep 3, 2019 6:00am Sep 3, 2019 6:00am
Quoting Egbert
{image} EURGBP WOW

Looks like a stop run to me.
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