Pivot Trading | Page 1629 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Open Trade near Pivot line (Pivot Point) 16 replies

Weekly Pivot to Pivot Trading 19 replies

The Pivot Net Revisited (Weekly Pivot Net) 41 replies

Help with daily pivot, weekly pivot on MT4 3 replies

Pivot high - Pivot low MT4 3 replies

Attachments: Pivot Trading
Exit Attachments

Pivot Trading

  • #32,561
  • Nov 10, 2019 4:14pm Nov 10, 2019 4:14pm
Quoting Halfcents
NZD rate news on wed projection another rate cut. Will this make NZD tank again? I doubt. The recent rate cut was almost double the sentiment and why EURZND shot up over 400 pips. since then price HAS been in consolidation. I would love to see MM push price up before wed so can sell it. {image}
If rate cut occurs likely EN shoots 75+then sharp decline and Yes this could be great opportunity to nail great pips
In trading, you have to be defensive and aggressive at the same time
  • #32,562
  • Nov 10, 2019 4:39pm Nov 10, 2019 4:39pm
Talk about a snooze fest
She really really wants to go on Top but can't get up
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 41 KB
In trading, you have to be defensive and aggressive at the same time
  • #32,563
  • Nov 10, 2019 4:44pm Nov 10, 2019 4:44pm
Points that I am Considering Next Week. ( EDT TIME )

The US and China : Do We have agreement?
when or where the two leaders can meet to do the formal signing?
US-China trade talks are progressing, and there is optimism that the US will not levy tariffs on European autos as early as next week
Australian Dollar will raise rates?
Canadian Dollar still suffer from a loss of jobs in Canada?


Mon Nov 11



5:30 GBP Prelim GDP q/q ..............................optimism........................... 0.4% -0.2%
........GBP GDP m/m........................................ neutral............................... -0.1% -0.1%
........GBP Manufacturing Production m/m... optimism............................ -0.2% -0.7%

UK GDP: The UK economy contracted in the second quarter .
A return to growth for the third quarter?

Tue Nov 12

5:30 GBP Average Earnings Index 3m/y............. neutral 3.8% 3.8%

UK jobs report UK jobs report is projected to show an upbeat job market — contradicting the warnings from the Bank of England.
The unemployment rate is expected to remain at 3.8% in September, around the historic lows, while wage growth is forecast to hold onto the yearly growth rate of 3.9% — well above the inflation rate of 1.7%.

22:00 NZD Official Cash Rate............... XXXX............ 0.75% 1.0%

New Zealand rate decision: New Zealand rate decision: The Reserve Bank of New Zealand has already cut interest rates by 0.75% this year after a long period of stagnation and may do it again — slashing another 25 basis points and setting the Official Cash Rate at 0.75%.
The rise of the unemployment rate to 4.2% has worried ?
The rate cut is or not fully priced in by markets?.


Wed Nov 13


5:30 GBP CPI y/y ...................................pessimism..................... 1.6% 1.7%

UK CPI: UK CPI: Falling energy prices and an increase in the value of the pound imply another deceleration in inflation — from 1.7% to 1.6% in the report for October.
Such a drop would justify the BOE dovish?.
The bank targets a rate of 2%. Core Consumer Price Index is set to remain unchanged at 1.7%, while the Retail Price Index is predicted to drop from 2.4% to 2.2%.

9:30 USD CPI m/m ...................optimism.......... 0.3% 0.0%
....... USD core CPI m/m.......... optimism........... 0.2% 0.1%


US CPI: US CPI: While the Federal Reserve has cited lower inflation as one of the main reasons for cutting interest rates, prices have picked up. Core CPI has accelerated to 2.4% as of September.
is the forecast will remain at that level once again in October?

12:00 USD Fed Chair Powell Testifies

Powell testifies Jerome Powell, Chairman of the Federal Reserve, has signaled a pause after cutting rates for the third time in a row. However, the bar for raising rates in the future seems to be higher than cutting them. In his prepared remarks on Wednesday and also in lengthy responses to lawmakers on both days of testimony, Powell has the chance to provide updated insights. Apart from the recent inflation report, Powell’s comments on the latest upbeat jobs report may be of interest. He will also be grilled on trade policy but will likely dodge politically-sensitive comments.


20:30 AUD Employment Change................ optimism......... 16.2% 14.7%
........ AUD Unemployment Rate ...................neutral............ 5.2% 5.2%

Australian jobs report: . The land down under has a low unemployment rate of 5.2%, but the RBA is unsatisfied with this outcome. The same level will likely be repeated in the report for October. The employment change figure is expected to show an increase of 16.2K positions, similar to 14.7K jobs gained in September — a satisfactory advance.


Thu Nov 14


11:00 USD Fed Chair Powell Testifies

Powell testifies same Above.!!!

03:00 EUR German Prelim GDP q/q........................ neutral............... -0.1% -0.1%

German GDP: German GDP: Fears of a recession will likely materialize in the Gross Domestic Product figures for the third quarter.
The euro have squeezed by 0.1% in the quarter ending in September after a drop of 0.2% in the second quarter.
Two consecutive quarters of contraction is the recession?.


Fri Nov 15



10:00 USD Core Retail Sales m/m.......................... optimism.............. 0.3 -0.1%
......... USD Retail Sales m/m.................................... optimism............. 0.1 -0.3%


US retail sales: Consumption has been the stronger part of the economy, but September’s data disappointed with a drop of 0.3% in the headline and 0.1% in core sales. October’s publication will likely show better figures — an increase of 0.1% in the headline and 0.3% in core retail sales. The control group carries expectations for a leap of 0.7% after remaining flat beforehand.
  • #32,564
  • Nov 10, 2019 4:46pm Nov 10, 2019 4:46pm
Quoting ppxdf
Points that I am Considering Next Week. ( EDT TIME ) The US and China : Do We have agreement? when or where the two leaders can meet to do the formal signing? US-China trade talks are progressing, and there is optimism that the US will not levy tariffs on European autos as early as next week Australian Dollar will raise rates? Canadian Dollar still suffer from a loss of jobs in Canada? Mon Nov 11 5:30 GBP Prelim GDP q/q optimism 0.4% -0.2% GBP GDP m/m neutral -0.1% -0.1% GBP Manufacturing Production m/m optimism -0.2% -0.7% UK GDP: The UK economy...
Great to see you post again
In trading, you have to be defensive and aggressive at the same time
  • #32,565
  • Nov 10, 2019 5:59pm Nov 10, 2019 5:59pm
I stopped posting before due to all the negativity this thread attracted. I believe that was because some people were skeptical of Davit's success and others who followed pivots and skeptics wanted this thread to die just like many others on FF.

A lot of people asked me via PM's if I'm still trading pivots? The answer is Yes. However, I also started to learn about harmonic patterns (crab and deep crab to start with) and will be focusing on only these 2 patterns along with pivots for next year(2020).

If Davit permits, I would like to share a few upcoming potential opportunities for this week on EU, GU, and AC on the H4 timeframe.

EU H4 CRAB
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 Potential Crab 11 Nov 2019.png Size: 294 KB


GU H4 CRAB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4 POTENTIAL CRAB 11 NOV 2019.png Size: 261 KB


AC H4 DEEP CRAB
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD POTENTIAL H4 DEEP CRAB 11 NOV 2019.png Size: 290 KB


Best regards
  • #32,566
  • Edited 6:27pm Nov 10, 2019 6:08pm | Edited 6:27pm
Quoting MrAussieFX
I stopped posting before due to all the negativity this thread attracted. I believe that was because some people were skeptical of Davit's success and others who followed pivots and skeptics wanted this thread to die just like many others on FF. A lot of people asked me via PM's if I'm still trading pivots? The answer is Yes. However, I also started to learn about harmonic patterns (crab and deep crab to start with) and will be focusing on only these 2 patterns along with pivots for next year(2020). If Davit permits, I would like to share a few...
Hi buddy you can share anything anytime AUD may get a boast on Weds if employment prints green if not it will get heavy sell off
EA long what I am eying for.Lots of room north.Nice dip would be nice here
My only advise on harmonics is this.How long you are planning to hold trades.This is critical.If you are planning weeks and weeks then fine but I am not that type of trader.I go in and get my pips and out wait for a dip/rally get in and out etc.Repeat.I can't keep my money tight up....
Example some of your patterns go really deep and you might miss great opportunities thinking and waiting for price to reach those deep numbers but may not and you could miss great Pivot set ups...What I am trying to convey is you must define yourself what kind of TIME frame trader you are then work backwards.
I place more importance on fundamentals and Pivots then anything else.Why also I dont look at last weeks pivots.To me its useless every week is fresh beginning and end.Cycle continues week after week.The more I do this simpler it gets.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 54 KB
In trading, you have to be defensive and aggressive at the same time
  • #32,567
  • Nov 10, 2019 8:22pm Nov 10, 2019 8:22pm
Quick in and out on EA may get it again lower then now 6084
good start for the week
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 4 KB
In trading, you have to be defensive and aggressive at the same time
  • #32,568
  • Nov 10, 2019 8:52pm Nov 10, 2019 8:52pm
Quoting MrAussieFX
I stopped posting before due to all the negativity this thread attracted. I believe that was because some people were skeptical of Davit's success and others who followed pivots and skeptics wanted this thread to die just like many others on FF. A lot of people asked me via PM's if I'm still trading pivots? The answer is Yes. However, I also started to learn about harmonic patterns (crab and deep crab to start with) and will be focusing on only these 2 patterns along with pivots for next year(2020). If Davit permits, I would like to share a few...
Crab and deep crab are two of the more reliable patterns on longer time frames. Combine those with a key support or resistance pivot point, an ADR in the Red, and fundamentals its almost like taking candy from a baby.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #32,569
  • Nov 10, 2019 8:54pm Nov 10, 2019 8:54pm
Has anyone seen the news reports floating around the last few days of Deutsche Bank being on the verge of collapse? I've taken several short positions on the Ger 30
https://www.bloomberg.com/news/artic...-economy-tanks
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #32,570
  • Nov 10, 2019 8:59pm Nov 10, 2019 8:59pm
CAD should get weaker EC should be in focus 46+? Yes very likely
With Red employment pressure is on BOC to cut rates.That's very likely to occur on next decision on Wednesday, December 5
In trading, you have to be defensive and aggressive at the same time
  • #32,571
  • Nov 10, 2019 9:01pm Nov 10, 2019 9:01pm
Quoting Romanov102
Has anyone seen the news reports floating around the last few days of Deutsche Bank being on the verge of collapse? I've taken several short positions on the Ger 30 https://www.bloomberg.com/news/artic...-economy-tanks
its not effecting Euro yet....
good post
In trading, you have to be defensive and aggressive at the same time
  • #32,573
  • Nov 11, 2019 3:29am Nov 11, 2019 3:29am
Closed AN nice gain
Trade was running from last week
reason of closing ADR low and it reached its max travel distance last 20days furthermore with rate decision coming up I decided I had good profits to get out.Held it long enough.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 3 KB
Click to Enlarge Name: AUDNZDH1.png Size: 40 KB
In trading, you have to be defensive and aggressive at the same time
  • #32,574
  • Nov 11, 2019 3:43am Nov 11, 2019 3:43am
EA is ranging and I love range.Notice WP is providing support.
When trading range place trades only 1 direction of likely break out.Not both ways.I had days when I made more from 20 pip range trades then 100pip swing.
I adapt market condition.If range? Then I hit it.Price can go either up or down so from this perspective its irrelevant how it does it.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 35 KB
In trading, you have to be defensive and aggressive at the same time
  • #32,575
  • Nov 11, 2019 3:55am Nov 11, 2019 3:55am
Want to add its not necessary to trade range if you are not comfortable. I treat this as work so when I am trading I try to make money however I can.To me not making anything whole day is waste of a market day.That's just me.Everyday now counts since year is coming to an end soon Dec hits and market becomes chaotic...best be extremely selective and keep lots smaller then usual because you can get erratic huge spikes.I may close shop after 1st week of Dec
In trading, you have to be defensive and aggressive at the same time
  • #32,576
  • Nov 11, 2019 4:08am Nov 11, 2019 4:08am
Closed AN too....short trades indicated by small red arrows....Using Oanda via Tradingview
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB
  • #32,577
  • Nov 11, 2019 4:17am Nov 11, 2019 4:17am
EN crashed down had great positions on it but did not expect....drive down.Well nature of the market better be safe then sorry

Its wow what a move.Totally unexpected with rate being cut prediction...Why Forex can be challenging
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH1.png Size: 57 KB
In trading, you have to be defensive and aggressive at the same time
  • #32,578
  • Nov 11, 2019 4:22am Nov 11, 2019 4:22am
There some Price Action pró-NZD. 40 pips north today!!
The rate cut is or not fully priced in by markets?.
Attached Image (click to enlarge)
Click to Enlarge Name: NU.Screenshot_1.jpg Size: 166 KB
  • #32,579
  • Nov 11, 2019 4:24am Nov 11, 2019 4:24am
Quoting ppxdf
There some Price Action pró-NZD. 40 pips north today!! The rate cut is or not fully priced in by markets?. {image}
I am thinking in this scenario rate cut could be seen positive development since its invigorating the economy...or could be simple case of market makers clearing all stops low end then dump NZD after the cut go opposite clear all stops top.For them win bottom win top..
In trading, you have to be defensive and aggressive at the same time
  • #32,580
  • Nov 11, 2019 4:49am Nov 11, 2019 4:49am
quick pips on EC
Monday being a holiday in States I anticipate range all day long best milk it as much as possible
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 4 KB
Click to Enlarge Name: american-veteran.jpg Size: 44 KB
In trading, you have to be defensive and aggressive at the same time
11 traders viewing now