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Pivot Trading

  • #31,941
  • Sep 18, 2019 10:18pm Sep 18, 2019 10:18pm
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
  • #31,942
  • Sep 18, 2019 11:15pm Sep 18, 2019 11:15pm
GN H4 Deep Crab.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,943
  • Sep 19, 2019 3:36am Sep 19, 2019 3:36am
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
  • #31,944
  • Sep 19, 2019 7:29pm Sep 19, 2019 7:29pm
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.
  • #31,945
  • Sep 19, 2019 8:16pm Sep 19, 2019 8:16pm
closed my NU Short +$100
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  • #31,946
  • Sep 20, 2019 1:05am Sep 20, 2019 1:05am
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
  • #31,947
  • Sep 20, 2019 5:50am Sep 20, 2019 5:50am
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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  • #31,948
  • Sep 20, 2019 5:53am Sep 20, 2019 5:53am
A look at the market "mood"...one glance tells a big story of where direction may lay.
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  • #31,949
  • Sep 20, 2019 8:37am Sep 20, 2019 8:37am
EG H4 Bat @ S61
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,950
  • Sep 20, 2019 8:38am Sep 20, 2019 8:38am
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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  • #31,951
  • Sep 20, 2019 9:03am Sep 20, 2019 9:03am
Holy Moly, can anyone tell me when this will reverse????
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  • #31,952
  • Sep 20, 2019 9:24am Sep 20, 2019 9:24am
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.
  • #31,953
  • Sep 20, 2019 9:35am Sep 20, 2019 9:35am
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!!
  • #31,954
  • Sep 20, 2019 10:12am Sep 20, 2019 10:12am
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
  • #31,955
  • Sep 20, 2019 10:37am Sep 20, 2019 10:37am
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
  • #31,956
  • Sep 20, 2019 10:40am Sep 20, 2019 10:40am
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.
  • #31,957
  • Sep 20, 2019 10:44am Sep 20, 2019 10:44am
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.
  • #31,958
  • Sep 20, 2019 11:04am Sep 20, 2019 11:04am
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
  • #31,959
  • Sep 20, 2019 5:11pm Sep 20, 2019 5:11pm
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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  • #31,960
  • Edited 6:57pm Sep 20, 2019 6:20pm | Edited 6:57pm
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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