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Pivot Trading

  • #32,601
  • Nov 11, 2019 7:31pm Nov 11, 2019 7:31pm
Quoting jacson101
{quote} that teal horizontal line, what is that?
That's the daily open line. A lot of traders use it as one of the support/resistance indicators during intraday trading.

kindest regards
  • #32,602
  • Nov 11, 2019 7:44pm Nov 11, 2019 7:44pm
Quoting MrAussieFX
{quote} That's the daily open line. A lot of traders use it as one of the support/resistance indicators during intraday trading. kindest regards
got it. thanks.
  • #32,603
  • Nov 11, 2019 8:02pm Nov 11, 2019 8:02pm
Down they go,
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We obey the structure that results from the market's reaction
  • #32,604
  • Nov 11, 2019 8:06pm Nov 11, 2019 8:06pm
Up they go,
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We obey the structure that results from the market's reaction
  • #32,605
  • Nov 11, 2019 8:07pm Nov 11, 2019 8:07pm
Away they go,
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We obey the structure that results from the market's reaction
  • #32,606
  • Nov 11, 2019 8:09pm Nov 11, 2019 8:09pm
Almost,
Attached Image (click to enlarge)
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We obey the structure that results from the market's reaction
  • #32,607
  • Edited 8:29pm Nov 11, 2019 8:14pm | Edited 8:29pm
There it is all is green,
What a candle!
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We obey the structure that results from the market's reaction
  • #32,608
  • Nov 11, 2019 9:23pm Nov 11, 2019 9:23pm
Down again, now we make even more with a positive swap.
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We obey the structure that results from the market's reaction
  • #32,609
  • Nov 11, 2019 9:45pm Nov 11, 2019 9:45pm
Quoting jacson101
{quote} that teal horizontal line, what is that?
Jacson,,if your platform starts the new day at 5:00 pm eastern time, you can set three daily open lines on your chart....set the first one at "0" the second at "09" for london open and the third at "15" for NY open....prices tend to retrace to the daily, the London and NY open times...often there are good entries here...some use it very effectively...
  • #32,610
  • Nov 12, 2019 1:10am Nov 12, 2019 1:10am
Seems reasonble with double top and left of the chart.
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  • #32,611
  • Nov 12, 2019 2:48am Nov 12, 2019 2:48am
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We obey the structure that results from the market's reaction
  • #32,612
  • Nov 12, 2019 3:04am Nov 12, 2019 3:04am
Closed GC
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In trading, you have to be defensive and aggressive at the same time
  • #32,613
  • Nov 12, 2019 3:25am Nov 12, 2019 3:25am
Euro news coming up
red is good for E crosses
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In trading, you have to be defensive and aggressive at the same time
  • #32,614
  • Nov 12, 2019 4:15am Nov 12, 2019 4:15am
GC closed
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"The freedom of the other extends mine to infinity"
  • #32,615
  • Nov 12, 2019 5:12am Nov 12, 2019 5:12am
closed another batch to GC pile
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In trading, you have to be defensive and aggressive at the same time
  • #32,616
  • Nov 12, 2019 7:39am Nov 12, 2019 7:39am
EN is my favourite pair for week start and up to now
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"Don't Predict, Do react"
  • #32,617
  • Nov 12, 2019 8:05am Nov 12, 2019 8:05am
Quoting belie
EN is my favourite pair for week start and up to now {image} {image}
one of my top as well
closed some earlier from my bed on the phone
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In trading, you have to be defensive and aggressive at the same time
  • #32,618
  • Nov 12, 2019 8:08am Nov 12, 2019 8:08am
Been short on UC no rush to get out this one.This is a keeper until it reaches my TP
In trading, you have to be defensive and aggressive at the same time
  • #32,619
  • Nov 12, 2019 8:23am Nov 12, 2019 8:23am
Quoting Davit
Been short on UC no rush to get out this one.This is a keeper until it reaches my TP
Same here. Kept few red trades from last week. But almost recovered. My TP will be ADR low or pivot based on PA
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"Don't Predict, Do react"
  • #32,620
  • Nov 12, 2019 8:51am Nov 12, 2019 8:51am
Watch AN tonight even with rate cut close to 850+good to short with a spike up
Watch PA but I am certain NZD will recover quickly
There is serious correction "due" here
In trading, you have to be defensive and aggressive at the same time
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