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Pivot Trading

  • #33,461
  • Jan 2, 2020 2:36am Jan 2, 2020 2:36am
Life is Ironic indeed.Just find it amusing.
last 7hrs.Sends PM wishing me Happy New Year agrees on my comment on UC and oil (not that matters I can be wrong anytime) then puts me on ignore.
Talk about mental instability.
Attached Images
In trading, you have to be defensive and aggressive at the same time
  • #33,462
  • Jan 2, 2020 2:40am Jan 2, 2020 2:40am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,089 Posts | Online Now
Quoting Davit
Life is Ironic indeed.Just find it amusing. last 7hrs.Sends PM wishing me Happy New Year agrees on my comment on UC and oil (not that matters I can be wrong anytime) then puts me on ignore. Talk about mental instability. {image} {image}
We obey the structure that results from the market's reaction
  • #33,463
  • Jan 2, 2020 2:49am Jan 2, 2020 2:49am
Quoting Egbert
{quote}
folks who can't sort out real logical thinking patterns will have hard time in trading.Recently a guy kept asking same questions almost argumentative manner could not take direction or anything positive then I was basically forced to remove him....Goes to show healthy mental cognition is essential in trading since we are dealing with potentially highly emotional activity specially to those folks who never work on their mental aspect of trading
In trading, you have to be defensive and aggressive at the same time
  • #33,464
  • Jan 2, 2020 2:51am Jan 2, 2020 2:51am
Observing this indi USD was at the bottom 5hrs ego now on near top.It could still change to middle pack but lot better then bottom.I like studying and observing indicators before making assessment of its usefulness
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #33,465
  • Jan 2, 2020 2:57am Jan 2, 2020 2:57am
Quoting Davit
Nice gap down I am watching this indi and going to watch it for a week so if you want to join me download the template and indicator. I find it useful seeing quickly who are tops dogs and bottom feeders {file} {file} {image}
Hi Davit and happy new year. I have already tried this indicator and dozens more like it for months. They often use simple algorithms based on moving averages or oscillators such as RSI (this calculates the highs and lows). They give a vision that the graphs already give and often by their nature they give late information on the strength of the currencies. For me they are not very useful. I attach one of the most interesting that I had tried
Attached File(s)
File Type: ex4 Pair Strength Analyzer.ex4   55 KB | 609 downloads
Trade What's Happening... Not What You Think Is Gonna Happen
  • #33,466
  • Jan 2, 2020 3:08am Jan 2, 2020 3:08am
Quoting ToddyS2K
{quote} Hi Davit and happy new year. I have already tried this indicator and dozens more like it for months. They often use simple algorithms based on moving averages or oscillators such as RSI (this calculates the highs and lows). They give a vision that the graphs already give and often by their nature they give late information on the strength of the currencies. For me they are not very useful. I attach one of the most interesting that I had tried {file}
its my thinking as well so far.I always been "look at the charts guy"
In trading, you have to be defensive and aggressive at the same time
  • #33,467
  • Jan 2, 2020 3:11am Jan 2, 2020 3:11am
UC still has not gone lower. Its important to realize market still not fully powered up hence PA now could be misleading.USD coming off serious dumping still wounded...
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30.png Size: 42 KB
In trading, you have to be defensive and aggressive at the same time
  • #33,468
  • Jan 2, 2020 3:15am Jan 2, 2020 3:15am
EN is at very attractive level.In order for it to go up NZD must weaken significantly and could happen.Anyway worth looking at it
NU drop to 65 surely push EN 300 pips up
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDDaily.png Size: 41 KB
In trading, you have to be defensive and aggressive at the same time
  • #33,469
  • Jan 2, 2020 3:18am Jan 2, 2020 3:18am
Quoting ToddyS2K
{quote} Hi Davit and happy new year. I have already tried this indicator and dozens more like it for months. They often use simple algorithms based on moving averages or oscillators such as RSI (this calculates the highs and lows). They give a vision that the graphs already give and often by their nature they give late information on the strength of the currencies. For me they are not very useful. I attach one of the most interesting that I had tried {file}
I have been using this indicator for over a year. I use it to exit trades - never to enter them as it gives the false signal, always check what this indi looks like at London’s open, the pattern tends to repeat itself half way through the NY market.

always will hold trades for a little longer when the currency I trade is the strongest.
Money is a part of what turns you into who you are.
  • #33,470
  • Jan 2, 2020 3:49am Jan 2, 2020 3:49am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,089 Posts | Online Now
I,m using this to track what is moving, then I wait for exhaustion/ price action to agree and take the trade.
The last signal said buy CADJPY M30, BUT I,ll wait for price to sell.
Attached Image (click to enlarge)
Click to Enlarge Name: 741E1DBC-50BB-40A5-919D-327AC1BE2083.jpeg Size: 587 KB
We obey the structure that results from the market's reaction
  • #33,471
  • Jan 2, 2020 5:38am Jan 2, 2020 5:38am
Quoting Davit
UC is particularly ripe to reach 1.30+ Crude reached 61 but unsustainable price point should drop back under 57 very soon which will bring the Loonie back to earth IMO crude is way over produced US being number 1 producer now and demand is decreasing and decrease will continue with more electric cars getting in the market.Crude as commodity will at some point near future may drop as low as 20dollars a barrel. Gone are days when it was trading 80+ that's gone and most likely not return ever. One of the reasons why Saudis are diversifying away from...
UC long
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 37 KB
In trading, you have to be defensive and aggressive at the same time
  • #33,472
  • Jan 2, 2020 5:52am Jan 2, 2020 5:52am
My first post here....
Thanks Davit
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Click to Enlarge Name: EURUSD_Pivot Trade#1.JPG Size: 549 KB
Mind is the King
  • #33,473
  • Jan 2, 2020 6:04am Jan 2, 2020 6:04am
First trades of 2020, UC and EN long
Attached Images
  • #33,474
  • Jan 2, 2020 9:43am Jan 2, 2020 9:43am
UJ cleared all stops WOW glad had nothing on it
Still UC long. Like I said true PA will reveal next week.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 52 KB
In trading, you have to be defensive and aggressive at the same time
  • #33,475
  • Jan 2, 2020 10:12am Jan 2, 2020 10:12am
Hope your holidays were amazing and may your blessings be greater than ever before.
Invest in Life
  • #33,476
  • Jan 2, 2020 10:20am Jan 2, 2020 10:20am
Quoting Davit
UJ cleared all stops WOW glad had nothing on it Still UC long. Like I said true PA will reveal next week. {image}
USD/CAD longs down here look good. I would be targeting 1.3050 minimally and 1.3250 maximally. I will join you as soon as I can.
  • #33,477
  • Jan 2, 2020 10:21am Jan 2, 2020 10:21am
This year is a great time to look at the past, at oneself and take all things as a lesson and use it to become wiser and make better decisions, in trading and in life.

Hindsight is 2020
Invest in Life
  • #33,478
  • Jan 2, 2020 10:34am Jan 2, 2020 10:34am
Tomorrow maybe J Powell's throws a hawkish curve ball.After severe USD beating I think it may very well be that.
FOMC Meeting Minutes 2pm!

Every time Yen gets too strong I bet BOJ are wetting their pants basically they are up against the wall can't cut anymore negative and strong Yen may actually destroy Japans economy which is heavily depended on Exports.

Would US consumer pay 40k for Toyota Camry?When you can buy similar car other makers for 25k dont think so and that goes for Trucks electronics etc.
Strong Yen actually pretty serious threat for Japan

Added more longs on UC
In trading, you have to be defensive and aggressive at the same time
  • #33,479
  • Jan 2, 2020 10:52am Jan 2, 2020 10:52am
Quoting Davit
Tomorrow maybe J Powell's throws a hawkish curve ball.After severe USD beating I think it may very well be that. FOMC Meeting Minutes 2pm! Every time Yen gets too strong I bet BOJ are wetting their pants basically they are up against the wall can't cut anymore negative and strong Yen may actually destroy Japans economy which is heavily depended on Exports. Would US consumer pay 40k for Toyota Camry?When you can buy similar car other makers for 25k dont think so and that goes for Trucks electronics etc. Strong Yen actually pretty serious threat for...

You are right. Their only recourse now is more printing. The timing of it is what I am after.
  • #33,480
  • Jan 2, 2020 10:56am Jan 2, 2020 10:56am
Quoting Skracor247
{quote} You are right. Their only recourse now is more printing. The timing of it is what I am after.
Very unlikely Dovish Feds.Their main concern was China trade tensions and that seems coming to some resolution and with low unemployment strongest economy globally I dont see them being Dovish at least not yet.
We'll see personally I think USD will rally soon starting from next week.
regards and welcome
In trading, you have to be defensive and aggressive at the same time
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