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Attachments: Pivot Trading
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Pivot Trading

This time trailing settings were not so precise, a lot of pips left on the table.

However trade manager closed my AJ short for a good profit.
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Porta itineris dicitur longissima esse
GN H4 Deep Crab.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
Closed my AN short upon signal of stalemate and possible reversal.

A & N both negative despite good news on GDP and job data, even if there's plenty of room down I don't want to give nothing back.
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Porta itineris dicitur longissima esse
Started building small positions short on EN, price currently around R78 and potential triple top evident on daily chart. I'm leaving plenty of room to add on spikes up (that might be trying to clear stops) and should be some more movement on this next week with NZ cash rate meeting. In the meantime I love the positive swap.
Hope for the best, prepare for the worst.
closed my NU Short +$100
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Quoting Swede
{quote} Missed your post,,sorry.....just use nostromo pivots..you have the option in the settings to use daily, weekly or monthly. ps...in this forum we trade weekly pivots...monthly, yearly can be used as confluence
Its ok bro..hehe..thanx for sharing the knowledge...green pips
Know The Presence Of The Market
There are those who say pivots are just a line ...nothing more....well answer this then "why the reverse in direction over and over and over occur??" GBP has been one of the easiest currencies to trade of late for this very reason...no different last night...have a good look at where it reversed direction...yes, right at R61...oh and incidentally this is some of that low hanging fruit Cryotosurf has alerted us to. He did us a huge favor by alerting us to this market structure.
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A look at the market "mood"...one glance tells a big story of where direction may lay.
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EG H4 Bat @ S61
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Fib Traders get it right 61.8% to 78.6% of the time. NR
Once again, just knowing your currency gave me some very nice pips this morning. Cad had poor retail sales news this morning and it headed north quickly, weakening against the US dollar....but there was little strength as it reversed direction at a key spot...(see 4 hour chart)
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Holy Moly, can anyone tell me when this will reverse????
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Quoting Swede
Holy Moly, can anyone tell me when this will reverse???? {image}
0.5//0.55. 80% retail NET long NU. Much more pain ahead of us.
Quoting Swede
Holy Moly, can anyone tell me when this will reverse???? {image}
that 150 or so pips to get the lower line and the stops bellow cleaned out isnt looking far fetched. but with luck, reverse some before that.

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there is always, always another trade!!
Quoting Swede
Holy Moly, can anyone tell me when this will reverse???? {image}
Perhaps it will carry on South RED FLAG Kiwi on Tuesday. Who knows perhaps their rates will go even lower they were projecting .5% by next year. My GN short has been a fail still in it at a loss. Kiwi has cost me money this year. Got smoked on my NJ longs when they cut rates 1/2%. The end of the carry trade. You have a Socialist whack job running the Country.
Fib Traders get it right 61.8% to 78.6% of the time. NR
Does anyone have a good link to breaking News? S&P suddenly plunged straight down 100 pips. ( I don't mind I 'm six contracts short) Gold shot up $10 and I see nothing in the news anywhere.
Fib Traders get it right 61.8% to 78.6% of the time. NR
Quoting Romanov102
Does anyone have a good link to breaking News? S&P suddenly plunged straight down 100 pips. ( I don't mind I 'm six contracts short) Gold shot up $10 and I see nothing in the news anywhere.
Stocks Plunge After China Trade Delegation Cancels Trip
https://www.zerohedge.com/markets/st...ack-below-3000
Trade with confidence, trade without fear.
Quoting Swede
A look at the market "mood"...one glance tells a big story of where direction may lay. {image}
FYI, there's a cool little utility made by mladen that gives you a bit more screen real estate.

It rids you of the borders via toggle button.
https://www.forexfactory.com/showthr...0#post10403210

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Trade with confidence, trade without fear.
Quoting Cryptosurf
{quote} FYI, there's a cool little utility made by mladen that gives you a bit more screen real estate. It rids you of the borders via toggle button. https://www.forexfactory.com/showthr...0#post10403210 {image}
this is good stuff cryptosurf...tq
Know The Presence Of The Market
Quoting Cryptosurf
{quote} FYI, there's a cool little utility made by mladen that gives you a bit more screen real estate. It rids you of the borders via toggle button. https://www.forexfactory.com/showthr...0#post10403210 {image}
Always wondered why mt4 wasted all that space...thanks for the indi, it works perfect....the image below says it all about your methods...thank you for the basked of "apples this morning" cant believe how easy they were to "pick" and thank you Davit for bringing us the power of weekly pivots!!
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Quoting Swede
{quote} Always wondered why mt4 wasted all that space...thanks for the indi, it works perfect....the image below says it all about your methods...thank you for the basked of "apples this morning" cant believe how easy they were to "pick" and thank you Davit for bringing us the power of weekly pivots!! {image}
Thanks, there were quite a few late week markups that were ripe for picking this week.
Trade with confidence, trade without fear.
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