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Pivot Trading

  • #33,601
  • Jan 6, 2020 3:19pm Jan 6, 2020 3:19pm
I wll be looking for short opportunities. Weekly rejection candle might be a signal. The area also looks like a Resistence zone if i am not wrong.
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  • #33,602
  • Jan 6, 2020 3:49pm Jan 6, 2020 3:49pm
MY FOCUS will bE On the USD with ISM N-Mfg PMI as
well as the December Jobs RepORT
we can see that the most recent one was last week’s ISM Manufacturing PMI that had yet another negative surprise to the downside coming in at 47.2 . we can see, also that was the lowest reading since 2009
If we take a look on sub-components like ISM Mfg New Order and the ISM Mfg Employment Index also fell further
so, that is a bearish sentiment for USD, and yet this trouble with iran
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  • #33,603
  • Jan 6, 2020 3:57pm Jan 6, 2020 3:57pm
Quoting Davit
Crude around 63 not dropping much why UC is ranging. NFP Friday also keeping USD bulls at bay. Closed EC not worth holding anymore at this point. profit is profit sometimes comes in small battles {image}
Very good analyses. Very interesting. Thank you Davit. I was lucky, because I closed EC at pivot, when I saw strong negative reaction at that price...

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  • #33,604
  • Jan 7, 2020 3:38am Jan 7, 2020 3:38am
EA on my radar. PA will have to confirm the entry.
Money is a part of what turns you into who you are.
  • #33,605
  • Jan 7, 2020 3:46am Jan 7, 2020 3:46am
Strong AUD sell off. The incoming data promise well. Eyes on AC when pa start to make good signs
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Trade What's Happening... Not What You Think Is Gonna Happen
  • #33,606
  • Edited 6:04am Jan 7, 2020 3:57am | Edited 6:04am
Quoting Gmo
{quote} AUDNZD Progress! Now will it thrust down further??? {image}
AUDNZD Refer original Post 33,561 Jan 5, 7.44am and Post 33,582, Jan 6, 6.58am
Now on S100 - How much more down?
Placing Stops to ensure solid profit.
Davit has stated "You only need 3-4 batches of trades a month to hit 10%". It is True!
Update: 5am EDT - with a Close below S100 Davit's observations suggest a strong trend in place.
Time will tell
Update: Exited S138 + 1176.7
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  • #33,607
  • Jan 7, 2020 4:01am Jan 7, 2020 4:01am
Quoting Gmo
{quote} AUDNZD Refer original Post 33,561 Jan 5, 7.44am and Post 33,582, Jan 6, 6.58am Now on S100 - How much more down? Placing Stops to ensure solid profit. Davit has stated "You only need 3-4 batches of trades a month to hit 10%". It is True! {image}
Hi GMO,

Could you please share this indi? WOuld be much appreciated.
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Money is a part of what turns you into who you are.
  • #33,608
  • Jan 7, 2020 4:10am Jan 7, 2020 4:10am
Quoting koziolq
{quote} Hi GMO, Could you please share this indi? WOuld be much appreciated. {image}
Clock_v1_3.ex4
Attached File(s)
File Type: ex4 Clock_v1_3.ex4   8 KB | 391 downloads
  • #33,609
  • Jan 7, 2020 4:10am Jan 7, 2020 4:10am
Quoting Gmo
{quote} Clock_v1_3.ex4 {file}
Thank you mate!
Money is a part of what turns you into who you are.
  • #33,610
  • Jan 7, 2020 4:50am Jan 7, 2020 4:50am
2 of the commodity pairs AUD NZD are crashing next the CAD turn
Patience!
EA at extreme level worth looking at
In trading, you have to be defensive and aggressive at the same time
  • #33,611
  • Jan 7, 2020 5:23am Jan 7, 2020 5:23am
Quoting Davit
2 of the commodity pairs AUD NZD are crashing next the CAD turn Patience! EA at extreme level worth looking at
You bet me to it....EA is in the crosshairs, got the army waiting
  • #33,612
  • Jan 7, 2020 6:08am Jan 7, 2020 6:08am
GA, quick pips...
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Trade What's Happening... Not What You Think Is Gonna Happen
  • #33,613
  • Edited 6:20am Jan 7, 2020 6:10am | Edited 6:20am
Mistakes I tried to eliminate this year.
Getting bugged down on trades that dont move and that holds funds preventing to place trades that do move example AN did not expect this shit to stay low this long.Frustrating to say the least.Its something to be aware of. Time factor!
I am looking to get out of AN but this shit is like dead horse. NZD turned out to be super strong and that was serious mistake. Not selling this shit again. That goes for NU as well. Only way to trade NZD is to buy it.Period
Last year mistakes bugging down now still.One factor is generally less news events on NZD hence less chances to get beat up and general perception of "safe heaven" and slow turtle announcements of monetary polices.You put all that together its obvious now....
In trading, you have to be defensive and aggressive at the same time
  • #33,614
  • Jan 7, 2020 6:25am Jan 7, 2020 6:25am
Closed UC as loss
Not holding this anymore need to shift funds on pairs that do move.
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In trading, you have to be defensive and aggressive at the same time
  • #33,615
  • Jan 7, 2020 6:26am Jan 7, 2020 6:26am
Quoting Davit
2 of the commodity pairs AUD NZD are crashing next the CAD turn Patience! EA at extreme level worth looking at
I think I would have had a hard time finding an entry on AUD/USD that I was happy with besides selling the breakdown of .7014. But even that wouldn't be my favorite.
  • #33,616
  • Jan 7, 2020 6:28am Jan 7, 2020 6:28am
Quoting Davit
Closed UC as loss Not holding this anymore need to shift funds on pairs that do move. {image}
I closed mine yesterday, same reasons. Small losses are wins too.

Also I have a USD/CHF long from .9691. Looking for at least .9785.
  • #33,617
  • Jan 7, 2020 6:29am Jan 7, 2020 6:29am
Short EA 6245
In trading, you have to be defensive and aggressive at the same time
  • #33,618
  • Jan 7, 2020 6:30am Jan 7, 2020 6:30am
I'm TRADING AUDJPY currently.
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We obey the structure that results from the market's reaction
  • #33,619
  • Jan 7, 2020 6:33am Jan 7, 2020 6:33am
Quoting Egbert
I'm TRADING AUDJPY currently. {image}
Not touching. One stupid missle by Iran and Yen can dive 200-300 pips. Been there on trade shit and paid dearly.When there is serious potential for conflict like now just dont trade the Yen.Or MUST SL IN PLACE
In trading, you have to be defensive and aggressive at the same time
  • #33,620
  • Jan 7, 2020 7:09am Jan 7, 2020 7:09am
AUDCAD long...
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Mind is the King
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