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Pivot Trading

  • #33,421
  • Dec 23, 2019 6:48pm Dec 23, 2019 6:48pm
I am giving myself a Christmas Present NC short from R61
Lets see how it goes.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADM30.png Size: 45 KB
In trading, you have to be defensive and aggressive at the same time
  • #33,422
  • Edited Dec 24, 2019 1:57pm Dec 23, 2019 8:26pm | Edited Dec 24, 2019 1:57pm
Quoting Davit
I am giving myself a Christmas Present NC short from R61 Lets see how it goes. {image}
I agree and I am with you.
Top one contributor ( Rabobank) for Nzdusd says it is above of expectation
they estimate 0.64 and should Reduce To 0.62

While, top 1 contributor for usdcad (swedbank)
Estimate 1.33 . You can see prices is near the mínimum.

So, NZDcad = nzdusd x Usdcad
Nzdcad = 0,64 x 1.33
Nzdcad = 0.85 (that should be the price for nzdcad soon )


if Nzdusd reduce do 0.62 , more money
  • #33,423
  • Dec 24, 2019 2:50am Dec 24, 2019 2:50am
Quoting ppxdf
{quote} I agree and I am with you. Top one contributor ( Rabobank) for Nzdusd says it is above of expectation they estimate 0.64 and should Reduce To 0.62 While, top 1 contributor for usdcad (swedbank) Estimate 1.33 . You can see prices is near the mínimum. So, NZDcad = nzdusd x Usdcad Nzdcad = 0,64 x 1.33 Nzdcad = 0.85 (that should be the price for nzdcad soon ) if Nzdusd reduce do 0.62 , more money https://youtu.be/lxRnxaPdLQc {image} {image}
Hello ppxdf: would you please be so Kind and send link where you get this reuters data from.
Thank you, renko
  • #33,424
  • Dec 24, 2019 5:43am Dec 24, 2019 5:43am
Thomson Reuters Eikon is a subscription
mine I bought via Metastock subscription for first 3 month you pay us$99.
"XENITH FX Data M"$99.00
after 3 month, price is $99/mo
It is an excellent tool for better Understand An Economic Calendar which is one of the pillars of the success of our thread.
I decided to buy it when I read carefully this link
https://www.forexsource.co/how-to-un...omic-calendar/
  • #33,425
  • Dec 24, 2019 5:46am Dec 24, 2019 5:46am
Quoting ppxdf
Thomson Reuters Eikon is a subscription mine I bought via Metastock subscription for first 3 month you pay us$99. "XENITH FX Data M"$99.00 after 3 month, price is $99/mo It is an excellent tool for better Understand An Economic Calendar which is one of the pillars of the success of our thread. I decided to buy it when I read carefully this link https://www.forexsource.co/how-to-un...omic-calendar/
ppxdf: Thank you so much fot that info.
Best regards, renko
  • #33,426
  • Dec 24, 2019 8:05am Dec 24, 2019 8:05am
Hi guys
1st wish you best Christmas and holiday greetings.
Time spend with family is precious.My older son came from Japan to visit me over a year away and feels great seeing him again.Preparing lots of dishes like Pull pork ,short ribs, fish tacos veggies salads etc.Love cooking.

After the festivities I'll suggest take stack and mentally go over what needs to improve in your trading and make a note to improve.Its this constant self improvements to get better that you get ahead of the game.I firmly believe guys who consciously do this often perform better.

Best regards enjoy the holiday!
In trading, you have to be defensive and aggressive at the same time
  • #33,427
  • Dec 24, 2019 8:29am Dec 24, 2019 8:29am
Have a great Christmas guys! Best wishes!
Money is a part of what turns you into who you are.
  • #33,428
  • Dec 27, 2019 3:23am Dec 27, 2019 3:23am
Nzd is really amazing.
  • #33,429
  • Edited 6:14am Dec 27, 2019 5:49am | Edited 6:14am
Quoting MoneyTalks58
Nzd is really amazing.
NZDUSD
Of interest, Oanda's Order Book shows increasing Sell Orders around 0.6705 but earlier Sell Orders have changed with a sizable move to the 0.6750 area.
Yes, Oanda is one broker in this immense market! This Oanda Order Book I have only started to look at in the last week! Careful observation and relate it to Weekly Pivot Levels is my task to evaluate the value of this Order Book.
Yellow Orange color Short Positions (on left), Aqua color Long Positions (on right)
Let us observe Price Action now at R200. At this point, Short Positions 55.6% Long Positions 44.4%. This is an increase of Short Positions from when the image was first taken.
Additional Comment 0702 EDT
NZD appears to be weakening across most pairs, AN, EN, NC, GN, NJ.
NU H1 candle completed a Shooting Star!
Caution: There are no events to drive this "thin" holiday market!
Attached Image (click to enlarge)
Click to Enlarge Name: AN 12-27-19.png Size: 731 KB
  • #33,430
  • Dec 27, 2019 5:50am Dec 27, 2019 5:50am
Quoting Gmo
{quote} NZDUSD Of interest, Oanda's Order Book shows increasing Sell Orders around 0.6705 but earlier Sell Orders have changed with a sizable move to the 0.6750 area. Yes, Oanda is one broker in this immense market! This Oanda Order Book I have only started to look at in the last week! Careful observation and relate it to Weekly Pivot Levels is my task to evaluate the value of this Order Book. Yellow Orange color Short Order positions (on left), Aqua color Long Order Positions (on right) Let us observe Price Action now at R200. At this point, Short...
Thank you. This is a nice info.
  • #33,431
  • Dec 27, 2019 10:51am Dec 27, 2019 10:51am
Quoting Davit
After the festivities I'll suggest take stack and mentally go over what needs to improve in your trading and make a note to improve.Its this constant self improvements to get better that you get ahead of the game.I firmly believe guys who consciously do this often perform better. Best regards enjoy the holiday!...
Hey family i hope you are enjoying your holiday break, i just got back to looking at charts caught AC about to test a major resistance area and went short at R78. I can definitely feel something shifting within me ever since i actively and positively took the decision to work fear out of my trading methodology and ultimately out of my psychology, i am the perfect example of what you are talking about here Davit...i hope the people who are viewing this thread and are wondering why its so successful take note of this. This AUDCAD short was the type of trade i missed out on in the past even with this wonderful trading system, price action was suggesting i go short but the stars didn't align so i would let it go because of fear. just take a look...instant profit.
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Capital preservation, live to trade another day
  • #33,432
  • Dec 27, 2019 2:01pm Dec 27, 2019 2:01pm
My last fx trade of the year not working out so well, AU surging higher. Not so much a case of AUD strength more so a case of USD weakness with thin liquidity. RED ADR and Blown through several patterns and Fib levels.
Attached Image(s) (click to enlarge)
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #33,433
  • Dec 27, 2019 2:17pm Dec 27, 2019 2:17pm
Reduced NU positions by 25%
will go into loss pile for the year taken out from taxes.Happens then moving on!
Wont surprise me once liquidity comes next year all these bloated positions will get dumped quick.USD has been sold too heavy.There will be corrections plus Trade deal with China still may present lingering issues.
In trading, you have to be defensive and aggressive at the same time
  • #33,434
  • Dec 27, 2019 4:50pm Dec 27, 2019 4:50pm
Took my family to Crane Beach MA one of the pristine ones in MA
Cold blistery and loved it
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In trading, you have to be defensive and aggressive at the same time
  • #33,435
  • Dec 27, 2019 4:53pm Dec 27, 2019 4:53pm
nice one
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #33,436
  • Dec 27, 2019 4:55pm Dec 27, 2019 4:55pm
dramatic
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In trading, you have to be defensive and aggressive at the same time
  • #33,437
  • Dec 27, 2019 5:53pm Dec 27, 2019 5:53pm
Quoting Davit
dramatic {image}
Equipped with 2 precision altimeters and certainly autopilot ON. FL lvl difference can be reduced to 1000 feet only.

]
Inserted Video
  • #33,438
  • Dec 28, 2019 1:38am Dec 28, 2019 1:38am
Attached Image (click to enlarge)
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We obey the structure that results from the market's reaction
  • #33,439
  • Dec 28, 2019 11:59am Dec 28, 2019 11:59am
Quoting Davit
Reduced NU positions by 25% will go into loss pile for the year taken out from taxes.Happens then moving on! Wont surprise me once liquidity comes next year all these bloated positions will get dumped quick.USD has been sold too heavy.There will be corrections plus Trade deal with China still may present lingering issues.
I read a report on Bloomberg about NZD The other day which I think you might find interesting:

RBNZ's easing cycle is over, and the baton handed over from monetary to fiscal policy, they say. However, despite the recent strong rally, the NZD/USD is barely keeping pace with the stronger fundamentals and short-term fair value is now above 0.71, they say.

Then again, when you say "corrections happen", that gives me ideas. However, IMHO the first considerable correction will not happen until 0.6775.

What do you think Davit?
If you can't measure it, you can't improve it!
  • #33,440
  • Edited 4:04pm Dec 28, 2019 3:47pm | Edited 4:04pm
Hi Fellow Pivot Traders,

I have been busy over the last several weeks with a few personal issues. But, here is another summary PDF file of October 2019 FF Pivot Trading Posts, mainly from Davit as a quick reference for all of us. As in the past, there are so many excellent profitable Pivot Traders here with outstanding Posts. But, I have so much time that I need to focus on Davit's teaching and commenting Posts:

Attached File(s)
File Type: pdf File 44 - Davit's Posts on FF Pivot Trading thread-2019-10 Pages - 57.pdf   2.3 MB | 949 downloads


All the best,

John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
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