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Pivot Trading

  • #33,521
  • Jan 3, 2020 11:12am Jan 3, 2020 11:12am
Muted reaction so far USD slightly gaining
In trading, you have to be defensive and aggressive at the same time
  • #33,522
  • Jan 3, 2020 11:15am Jan 3, 2020 11:15am
Quoting Davit
Muted reaction so far USD slightly gaining
i was about to say UJ looks all kinds of appetizing...
Capital preservation, live to trade another day
  • #33,523
  • Edited 3:39pm Jan 3, 2020 11:26am | Edited 3:39pm
Closed EC CAD too strong because of Risk on Crude

Very nice day of trading.Starting 2020 with nice gain
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In trading, you have to be defensive and aggressive at the same time
  • #33,524
  • Jan 3, 2020 11:30am Jan 3, 2020 11:30am
Quoting cjayfx14
{quote} i was about to say UJ looks all kinds of appetizing...
Too risky if Iranians do anything Yen can go crazy since its traditional "safe heaven" and rather be free of that factor

I am done today and this baby week.Next week should be more exciting with full liquidity coming back.That's probably what's missing today.Not enough to push anything.

Go over your calendar guys and get ready for next week
In trading, you have to be defensive and aggressive at the same time
  • #33,525
  • Jan 3, 2020 2:15pm Jan 3, 2020 2:15pm
Not bad for a short week. Only traded from Thursday open till mid Friday.

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Trade with confidence, trade without fear.
  • #33,526
  • Edited 2:33pm Jan 3, 2020 2:22pm | Edited 2:33pm
Enjoy your weekend everyone, i'm enjoying my 2020 already.
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Capital preservation, live to trade another day
  • #33,527
  • Jan 3, 2020 2:42pm Jan 3, 2020 2:42pm
Quoting cjayfx14
{quote} homework {image}
Just don't end it like Livermore, he did himself in with a Colt pistol.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #33,528
  • Jan 3, 2020 2:51pm Jan 3, 2020 2:51pm
Quoting Cryptosurf
Not bad for a short week. Only traded from Thursday open till mid Friday. {image}
Hi buddy you did all these trades and MIA from here! Great job!
In trading, you have to be defensive and aggressive at the same time
  • #33,529
  • Edited 3:44pm Jan 3, 2020 2:53pm | Edited 3:44pm
Quoting Romanov102
{quote} Just don't end it like Livermore, he did himself in with a Colt pistol.
He was suffering mental depression and at that time they didn't see it as decease as we see it today.
Some speculate he killed himself because he lost his fortune.Not true he had five million dollar (that's staggering amount in those days)but something just triggered in him.
In trading, you have to be defensive and aggressive at the same time
  • #33,530
  • Jan 3, 2020 2:54pm Jan 3, 2020 2:54pm
Quoting Davit
{quote} Too risky if Iranians do anything Yen can go crazy since its traditional "safe heaven" and rather be free of that factor I am done today and this baby week.Next week should be more exciting with full liquidity coming back.That's probably what's missing today.Not enough to push anything. Go over your calendar guys and get ready for next week
You were away when I posted this video a few months ago so i'll post it again a good video. Canada is getting Royally screwed on its oil exports because we have no efficient way to get it to world markets and the US is giving Canada $14 a barrel for oil and Big American money is behind screwing Canada and keeping it that way. So its so odd that the market wants to correlate the value of the CAD to OIL especially when it's only 10% of GDP and Canada isn't making any money on it anyways. It's like a stream of Brinks trucks driving straight from Ottawa to Washington.
Inserted Video
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #33,531
  • Jan 3, 2020 2:57pm Jan 3, 2020 2:57pm
Quoting cjayfx14
Enjoy your weekend everyone, i'm enjoying my 2020 already. {image}
Keep it up love seeing you guys make money! Its a testament viability of this system
In trading, you have to be defensive and aggressive at the same time
  • #33,532
  • Jan 3, 2020 2:59pm Jan 3, 2020 2:59pm
Quoting Romanov102
{quote} You were away when I posted this video a few months ago so i'll post it again a good video. Canada is getting Royally screwed on its oil exports because we have no efficient way to get it to world markets and the US is giving Canada $14 a barrel for oil and Big American money is behind screwing Canada and keeping it that way. So its so odd that the market wants to correlate the value of the CAD to OIL especially when it's only 10% of GDP and Canada isn't making any money on it anyways. It's like a stream of Brinks trucks driving straight...
I knew about this faulty correlation but market acts as though it does matter.Will watch it
In trading, you have to be defensive and aggressive at the same time
  • #33,533
  • Jan 3, 2020 3:00pm Jan 3, 2020 3:00pm
Quoting Davit
{quote} Hi buddy you did all these trades and MIA from here! Great job!
Thanks man, yeah the holidays were crazy and couldn't wait to get back to it.
Trade with confidence, trade without fear.
  • #33,534
  • Jan 3, 2020 3:41pm Jan 3, 2020 3:41pm
Quoting Cryptosurf
Not bad for a short week. Only traded from Thursday open till mid Friday. {image}
What is remarkable you were able to make great $$ in 2days using such small lots.Goes to show efficiency matters!
I am very excited for 2020.Looking forward to make great $$
In trading, you have to be defensive and aggressive at the same time
  • #33,535
  • Jan 3, 2020 4:26pm Jan 3, 2020 4:26pm
Quoting Cryptosurf
Not bad for a short week. Only traded from Thursday open till mid Friday. {image}
Nice Cs!
  • #33,536
  • Jan 3, 2020 10:25pm Jan 3, 2020 10:25pm
Something I have observed for the couple of past weeks is, if you set your pivot point indicator to project next week's levels (instead of the current week) on Fridays, the reaction to R38.2 and S38.2 is almost inevitable. Unfortunately FF doesn't allow me to attache more than a certain number of attachments per post, otherwise I'd attach more screenshots for almost all the currency pairs I have in my Market Watch.

To Davit:
If you think this post shouldn't be here, let me know so I can delete it ASAP.

To others:
Don't take this for granted. Like I said it's been a raw observation for only a couple of weeks. But I still believe it's worth considering. Find for yourself...
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  • #33,537
  • Jan 4, 2020 12:04am Jan 4, 2020 12:04am
Hello Davit and everyone! Here are the results of my first trades in 2020. It will be a great year. Thanks Davit and congrats to everyone who has taken this thread seriously and who is taking responsibility for their own trades. Not all are winners but here, most of them are.
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  • #33,538
  • Jan 4, 2020 7:05am Jan 4, 2020 7:05am
Quoting finally-2020
Something I have observed for the couple of past weeks is, if you set your pivot point indicator to project next week's levels (instead of the current week) on Fridays, the reaction to R38.2 and S38.2 is almost inevitable. Unfortunately FF doesn't allow me to attache more than a certain number of attachments per post, otherwise I'd attach more screenshots for almost all the currency pairs I have in my Market Watch. To Davit: If you think this post shouldn't be here, let me know so I can delete it ASAP. To others: Don't take this for granted. Like...
you might use both indicator:
Davits Pivot V3.2 Auto Alert61-100
AND
Nostromo_Pivots_V2
you will have the projection for next week.
however not to pollute your screen too much, you configure as below
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  • #33,539
  • Jan 4, 2020 11:51am Jan 4, 2020 11:51am
Quoting ppxdf
{quote} you might use both indicator: Davits Pivot V3.2 Auto Alert61-100 AND Nostromo_Pivots_V2 you will have the projection for next week. however not to pollute your screen too much, you configure as below {image}
Thank you PPXDF. Anyways, the point here is not indicators etc; but, like I said, the interesting reaction to 38.2%
  • #33,540
  • Jan 4, 2020 2:18pm Jan 4, 2020 2:18pm
Quoting finally-2020
{quote} Thank you PPXDF. Anyways, the point here is not indicators etc; but, like I said, the interesting reaction to 38.2%
Now you have to ask yourself, "Is this observation tradeable?"

My low hanging fruit strategy are swing failures at the 38-61 levels (on the new week) especially after a late week markup. See here for explanation: https://www.forexfactory.com/showthr...6#post12489736
Trade with confidence, trade without fear.
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