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Pivot Trading

  • #31,861
  • Sep 6, 2019 10:14am Sep 6, 2019 10:14am
Speaking of the pound.
https://twitter.com/EmilieMarie2018/...14528906559490
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,862
  • Sep 6, 2019 2:30pm Sep 6, 2019 2:30pm
Quoting Swede
I know many of you are staying away from Cable...but I have to say over the long run it really reacts at pivot levels....I wont post the profits but it has been a real money maker the last 48 hours since it rallied up into the R78-R100 zone....every time it tries to break it fails and new shorts taken. And nearly every short paid 30+ pips. An hour ago once again the R78 tested (see 5 min chart) and showed instant weakness....then fell to the next pivot level R61 in just 20 minutes. Call it scalping if you like, it is still pivot trading and making...
Agree with you. I am all over this next week as well. Doesn’t like the .90
If you fail to plan, Plan to fail
  • #31,863
  • Sep 6, 2019 2:31pm Sep 6, 2019 2:31pm
Quoting Romanov102
Speaking of the pound. https://twitter.com/EmilieMarie2018/...14528906559490

Hahah good ending to the week. Thx for that

cheers.
If you fail to plan, Plan to fail
  • #31,864
  • Sep 7, 2019 8:59am Sep 7, 2019 8:59am
Hello fellow Pivot traders!

Glad to be back here... I decided to stay quiet and trade on my own so I don't get affected by others. But I am going back here in FF so I can continue to share my trading insights and knowledge to give back to the community... Some people told me it's better to be private on your trading so your trading decisions will not suffer and be affected of wanting to be right in the eyes of other people.. Well, they're right... But for me I believe it's still great to share so we can continue to inspire new traders that it is possible to be profitable and consistent in this market. Just with the right mindset, risk management and strategy with an edge, we can all become consistently profitable in the long run...

So, to start with:
Here's our eight (8) trading opportunities using Crypto's Low Hanging Fruit Strategy:
My approach on this is to place SL above/below 61 zone and to target PP or maybe 38 zone will be max(but the SL should be set to BE already)

Short AU & AJ
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Long EC, EA and EN
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Short NJ & NU
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Long on UC
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That's it.. Happy weekend to all!
We're not here to be right, we're here to Profit Consistently!
  • #31,865
  • Sep 8, 2019 1:52am Sep 8, 2019 1:52am
Quoting Swede
I know many of you are staying away from Cable...but I have to say over the long run it really reacts at pivot levels....I wont post the profits but it has been a real money maker the last 48 hours since it rallied up into the R78-R100 zone....every time it tries to break it fails and new shorts taken. And nearly every short paid 30+ pips. An hour ago once again the R78 tested (see 5 min chart) and showed instant weakness....then fell to the next pivot level R61 in just 20 minutes. Call it scalping if you like, it is still pivot trading and making...
You're right. Shouldn't be afraid of it. No deal should be priced in already so if you trade small you'll be fine.
  • #31,866
  • Sep 8, 2019 4:52am Sep 8, 2019 4:52am
Next week’s significant economic announcements and the currencies affected are listed below. You may want to factor them into your trading decisions.

Monday, 9th September

  1. 02:50 – JPY – GDP
  2. 08:45 – CHF – Unemployment Rate Adj
  3. 09:00 – EUR – German Trade Balance
  4. 11:30 – GBP – Goods Trade Balance

Tuesday, 10th September

  1. 11:30 – GBP – Avg Wk Earnings 3M YY
  2. 11:30 – GBP – Claimant Count Unem Chng
  3. 11:30 – GBP – ILO Unemployment Rate

Thursday, 12th September

  1. 09:00 – EUR – German CPI Final
  2. 14:45 – EUR – ECB Deposit Rate
  3. 14:45 – EUR – ECB Refinancing Rate
  4. 15:30 – USD – CPI

Plan your trade and Trade your plan.
  • #31,867
  • Sep 8, 2019 7:38am Sep 8, 2019 7:38am
LOCATION + LOGIC = PiP$
GBPUSD recent trades from my visual journal archives.
https://screencast-o-matic.com/watch/cqQj2Utz2O
Plan your trade and Trade your plan.
  • #31,868
  • Sep 8, 2019 3:48pm Sep 8, 2019 3:48pm
Definitely on my radar this week....
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  • #31,869
  • Sep 9, 2019 8:20am Sep 9, 2019 8:20am
EC H4
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,870
  • Sep 10, 2019 7:00am Sep 10, 2019 7:00am
I'm start building a Short position on EJ , anybody else catch the same move ?
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1 simple mistake makes you become 1000x better.
  • #31,871
  • Sep 10, 2019 9:14am Sep 10, 2019 9:14am
I set a few limit orders for NZD and were filled...my target is the Weekly Pivot. Anyway there could be more upside but it is at resistance on the weekly, with the late week markup and failure at R38 so as long as im not missing something we should be good....

Now DiamondMiner twigged my interest in Gann trading formulas and I admit I am a total novice but when working with the square of 9, and 144 plus 45 degree fans etc. I see a glimmer of this knowledge seeping into my thinking. But that is not what this thread is about so I will leave it at that, but I did place a Gann Grid on my weekly charts to show areas of interest going forward...it can really alert one to sup/res potential...
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  • #31,872
  • Sep 10, 2019 10:29am Sep 10, 2019 10:29am
Quoting oswell
I'm start building a Short position on EJ , anybody else catch the same move ? {image}
yup, saw that also Oswell.....it fits the Cryptosurf method without a doubt....but im taking the causious approach because of what I see on the daily and weekly charts....if it breaks north there is nothing to stop it until R61...or if it is really moving all the way up to 1.2085 area....this is why I always have my daily and weekly charts on the side becuase after looking at 30 or more charts and flipping back and forth I could easisly enter a trade just on one criteria only to be stopped out because of an early entry.....BUT THAT IS JUST ME, THAT IS HOW I LOOK AT IT JUST TO OFFER MY OPINION (since you asked if others took this)
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  • #31,873
  • Edited 1:36pm Sep 10, 2019 1:13pm | Edited 1:36pm
Quoting Swede
{quote} yup, saw that also Oswell.....it fits the Cryptosurf method without a doubt....but im taking the causious approach because of what I see on the daily and weekly charts....if it breaks north there is nothing to stop it until R61...or if it is really moving all the way up to 1.2085 area....this is why I always have my daily and weekly charts on the side becuase after looking at 30 or more charts and flipping back and forth I could easisly enter a trade just on one criteria only to be stopped out because of an early entry.....BUT THAT IS JUST...
Hey Swede,

Like Davit, wherever he is, you are truly a BRILLIANT INTERNATIONAL FOREX PROFESSIONAL trader and strategist. I hope you, and many of the other BRILLIANT Pivoters here, will still be around to keep Davit's Pivot Trading FF Thread alive !

I believe Davit would be proud of the leaders and teachers here.

Thanks again !

My regards,
John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #31,874
  • Sep 10, 2019 1:43pm Sep 10, 2019 1:43pm
Quoting DrForexMD
{quote} Hey Swede, Like Davit, wherever he is, you are truly a BRILLIANT INTERNATIONAL FOREX PROFESSIONAL trader and strategist. I hope you, and many of the other BRILLIANT Pivoters here, will still around to keep Davit's Pivot Trading FF Thread alive ! I believe Davit would be proud of the leaders and teachers here. Thanks again ! My regards, John
Thank you but I am just an old Swedish tractor salesman who takes direction from the brilliant people in this room. I like having charts that make sense and if that can help aspiring traders to some degree so be it. I am in a great position in my life because I have no need to prove anything to the haters nor the half empty’s of this world, nor do I have the be right all the time. Trading is something I really enjoy but certainly not for accolades, just simple accomplishment, or the satisfaction that I can go anywhere in the world where there is an internet connection and make an income if needed...now I call that satisfaction...
  • #31,875
  • Sep 10, 2019 2:47pm Sep 10, 2019 2:47pm
Quoting Swede
{quote} Thank you but I am just an old Swedish tractor salesman who takes direction from the brilliant people in this room. I like having charts that make sense and if that can help aspiring traders to some degree so be it. I am in a great position in my life because I have no need to prove anything to the haters nor the half empty’s of this world, nor do I have the be right all the time. Trading is something I really enjoy but certainly not for accolades, just simple accomplishment, or the satisfaction that I can go anywhere in the world where...
Hey Swede,

I appreciate your humble nature...and I may add, as the late Mark Douglas noted on his Psychology of Trading series, besides "The Edge" in your trading, it is best to keep your day job as well so that fear of trading does not affect your strategy and that you get your sleep - key !

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #31,876
  • Sep 10, 2019 3:46pm Sep 10, 2019 3:46pm
Quoting Swede
{quote} yup, saw that also Oswell.....it fits the Cryptosurf method without a doubt....but im taking the causious approach because of what I see on the daily and weekly charts....if it breaks north there is nothing to stop it until R61...or if it is really moving all the way up to 1.2085 area....this is why I always have my daily and weekly charts on the side becuase after looking at 30 or more charts and flipping back and forth I could easisly enter a trade just on one criteria only to be stopped out because of an early entry.....BUT THAT IS JUST...
Swede,

Really appreciate your opinion Sir Thank you .

Green pips,
Oswell
1 simple mistake makes you become 1000x better.
  • #31,877
  • Sep 11, 2019 8:22am Sep 11, 2019 8:22am
Quoting Swede
{quote} yup, saw that also Oswell.....it fits the Cryptosurf method without a doubt....but im taking the causious approach because of what I see on the daily and weekly charts....if it breaks north there is nothing to stop it until R61...or if it is really moving all the way up to 1.2085 area....this is why I always have my daily and weekly charts on the side becuase after looking at 30 or more charts and flipping back and forth I could easisly enter a trade just on one criteria only to be stopped out because of an early entry.....BUT THAT IS JUST...
Follow up....so Oswell as you can see it did break north and where did it stop?? Yup, right at R61....and reversed....so to those who waited or placed some beginning sell stops at R61 have some very nice profit this morning....( I didnt take it because I was fast asleep...darn) Now if you read carefully, Cryptosurf method also says if R38 is missed probably R61 is where the shorts should be instigated...makes sense now right?
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  • #31,878
  • Sep 11, 2019 8:32am Sep 11, 2019 8:32am
Hi Friends,

Despite good Crude Red News, the WTICrude is dropping price and the expected CAD losing value with UC which rlationsip should have been opposite ! I am guess that both have hit resistances with the former at R61 and latter at R61- R38 Pivot locations are key with Oil taken precedence over UC and MM control as usual:

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Could it be that China CNY possitive Red News Loans positive sentiment for their overall economy ? The latest China starting to invest in Soy beans once again due to the coming Sino-American meeting scheduled for next month with anticipated positive outlook? Look at recent US Commodity Index DXY that is consistent reflected that China beginning to buy from US Farmers:

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Can those with more Fundamental understandings help explain this for me? Again, I just think it is a PVT Location R/S issue and MM control over news despite being postive for US Oil Inventories?

Regards,
-John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #31,879
  • Sep 11, 2019 8:51am Sep 11, 2019 8:51am
Quoting Swede
{quote} Follow up....so Oswell as you can see it did break north and where did it stop?? Yup, right at R61....and reversed....so to those who waited or placed some beginning sell stops at R61 have some very nice profit this morning....( I didnt take it because I was fast asleep...darn) Now if you read carefully, Cryptosurf method also says if R38 is missed probably R61 is where the shorts should be instigated...makes sense now right? {image}
Yes the general area looking for swing failures after a late week markup is the 38-61 area. If it goes beyond that then I’ll generally take a pass on it.

EJ printed a thrust candle on the 4H and so far painting a pinbar on the daily. It’s currently pausing at the prior day open.
Trade with confidence, trade without fear.
  • #31,880
  • Sep 11, 2019 9:03am Sep 11, 2019 9:03am
Quoting Swede
{quote} Follow up....so Oswell as you can see it did break north and where did it stop?? Yup, right at R61....and reversed....so to those who waited or placed some beginning sell stops at R61 have some very nice profit this morning....( I didnt take it because I was fast asleep...darn) Now if you read carefully, Cryptosurf method also says if R38 is missed probably R61 is where the shorts should be instigated...makes sense now right? {image}
Swede,

Noted with thanks , I've started to combine Crypto and Swede method now the key level looks clear on Daily TF probably should put a few sell limit order on the key level , and start to build more position if its going to the right direction .

Green Pips,
Oswell
1 simple mistake makes you become 1000x better.
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