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Pivot Trading

  • #33,941
  • Edited 4:30am Jan 22, 2020 4:16am | Edited 4:30am
Good exercise today
Mark all CAD pairs prices now and after all the data/ rate then compare.
UC GC EC CJ NC AC primarily

This exercise should help you to understand what happens every day in the market what is being priced in and what has more room.
Overtime you will develop solid feel.What releases get priced in and what maybe more room to expend or contract.
Within this context understand distance of a swing of a pair!
In trading, you have to be defensive and aggressive at the same time
  • #33,942
  • Edited 4:38am Jan 22, 2020 4:24am | Edited 4:38am
Quoting Davit
{quote} Everything is laid out in this system that you should be executing with or without me. Great systems produce results without their creators.Testament with hundreds and hundreds of PM's I get people thanking me how much I changed their trading for more profitability.Another reason why even imitators copying my system here could still make money...as long as core principles are applied. When I started this thread not many traders were looking at Pivots and fundamentals and now even my harshest critics have pivots on their charts and pay attention...
wow! So glad to hear from you again.

Had UC, AC and NC short from yesterday and am excited for CAD release in 3 hours. Since AUD's employment and NZD's CPI are expected to print red, AC and NC are particularly interesting to watch ...

By the way, UC's tight range looks waiting for a trigger to be pulled and BoC rate decision seems like that trigger ...
  • #33,943
  • Jan 22, 2020 4:33am Jan 22, 2020 4:33am
Good example what may already have priced in.Swing high hit key Pivot R already!!!
If you missed the boat look at others that have not!
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30.png Size: 45 KB
In trading, you have to be defensive and aggressive at the same time
  • #33,944
  • Jan 22, 2020 4:40am Jan 22, 2020 4:40am
Quoting Davit
Good example what may already have priced in.Swing high hit key Pivot R already!!! If you missed the boat look at others that have not! {image}
Looks like I'm gonna learn a painful lesson. But that would be a precious one ...
  • #33,945
  • Edited 5:48am Jan 22, 2020 4:59am | Edited 5:48am
Shorting EURAUD as price was in a key area. Although AUD is fundamentally weak because of the Corana disease outbreak in china and the calamities that has hit Australia recently, i'm still optimistic AUD will gain as it highly oversold. Targeting weekly pivot

Also building shorts on UJ (S38 Swing failure) (Though costly in terms of swaps)
#UJ finding it hard to break pivot considering closing it
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDbM30.png Size: 43 KB
Click to Enlarge Name: USDJPYbH1.png Size: 38 KB
  • #33,946
  • Jan 22, 2020 5:57am Jan 22, 2020 5:57am
Quoting Halfcents
Shorting EURAUD as price was in a key area. Although AUD is fundamentally weak because of the Corana disease outbreak in china and the calamities that has hit Australia recently, i'm still optimistic AUD will gain as it highly oversold. Targeting weekly pivot Also building shorts on UJ (S38 Swing failure) (Though costly in terms of swaps) #UJ finding it hard to break pivot considering closing it {image} {image}
Shorting EA here too.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM30.png Size: 46 KB

Also building some longs on AC.
"In the end you only trade yourself."
  • #33,947
  • Jan 22, 2020 5:58am Jan 22, 2020 5:58am
Missed the double tap at R100, placing some pendings, ready to fly
Attached Image (click to enlarge)
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  • #33,948
  • Jan 22, 2020 6:16am Jan 22, 2020 6:16am
Near my house.
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In trading, you have to be defensive and aggressive at the same time
  • #33,949
  • Jan 22, 2020 6:21am Jan 22, 2020 6:21am
Top of the hill looking down on Boston
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In trading, you have to be defensive and aggressive at the same time
  • #33,950
  • Jan 22, 2020 6:23am Jan 22, 2020 6:23am
Quoting Halfcents
Shorting EURAUD as price was in a key area. Although AUD is fundamentally weak because of the Corana disease outbreak in china and the calamities that has hit Australia recently, i'm still optimistic AUD will gain as it highly oversold. Targeting weekly pivot Also building shorts on UJ (S38 Swing failure) (Though costly in terms of swaps) #UJ finding it hard to break pivot considering closing it {image} {image}
That's what I like to see taking CHARGE
System is laid out. Execution! PPE
In trading, you have to be defensive and aggressive at the same time
  • #33,951
  • Jan 22, 2020 6:24am Jan 22, 2020 6:24am
Quoting Davit
Near my house. {image}
wow really nice ,
A beautiful capture by you Brother Davit

take care
  • #33,952
  • Jan 22, 2020 6:34am Jan 22, 2020 6:34am
UC: nice and smooth

By the way, part of the reason why USD's going south is Coronavirus ...

Attached Image (click to enlarge)
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  • #33,953
  • Jan 22, 2020 6:44am Jan 22, 2020 6:44am
Once CAD data gets consumed and chewed out next point of trajectory are Euro pairs ECB
When you do calendar events you should have rough plan based on calendar on days pairs to focus on.You trade where "Its happening"
In trading, you have to be defensive and aggressive at the same time
  • #33,954
  • Jan 22, 2020 7:28am Jan 22, 2020 7:28am
AJ short on the radar! Employment figures expected to be red (in 11 hours from now). USD too weak to go short on AU. Let's see what PA dictates ...
  • #33,955
  • Jan 22, 2020 7:34am Jan 22, 2020 7:34am
Quoting finally-2020
UC: nice and smooth By the way, part of the reason why USD's going south is Coronavirus ... {image}
different calendars printing different figures for CAD CPI. seems smelly, just got away with it (profit is profit)
  • #33,956
  • Jan 22, 2020 7:35am Jan 22, 2020 7:35am
Quoting finally-2020
AJ short on the radar! Employment figures expected to be red (in 11 hours from now). USD too weak to go short on AU. Let's see what PA dictates ...
If you're looking to short AJ, it's a good habit to look at the major pairs so in this case the AU & UJ as those are the three pairs you're trading when shorting AJ.

If AU has already bottomed out by your analysis it's usually pretty rare for AJ to start a down move with all those conditions in play. Keeping an eye on the majors can save your behind more times than you can count when trading crosses. All the best though!
  • #33,957
  • Jan 22, 2020 8:53am Jan 22, 2020 8:53am
Quoting fxtyrant
maybe good time to look at accumulating short on EURAUD sell it back down to weekly pivot. {image}
god dayum, Davit your system so clear cut even I caught the EURAUD earlier and suggested to accumulate short, some folks here also caught the ride... Davit you legend.
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We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #33,958
  • Jan 22, 2020 9:02am Jan 22, 2020 9:02am
Quoting Davit
Good exercise today Mark all CAD pairs prices now and after all the data/ rate then compare. UC GC EC CJ NC AC primarily This exercise should help you to understand what happens every day in the market what is being priced in and what has more room. Overtime you will develop solid feel.What releases get priced in and what maybe more room to expend or contract. Within this context understand distance of a swing of a pair!
Think about this post and watch prices on CAD pairs now
Same CAD 1.75 but getting dumped!
You need 5yrs of trading to be successful consistently in general.Observations take time.
In trading, you have to be defensive and aggressive at the same time
  • #33,959
  • Jan 22, 2020 9:04am Jan 22, 2020 9:04am
Closed with nice profit
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADH1.png Size: 150 KB
We obey the structure that results from the market's reaction
  • #33,960
  • Jan 22, 2020 9:05am Jan 22, 2020 9:05am
Quoting finally-2020
Folks, let's face it. This thread is dead without Davit ...
I think that you are mistaken. Although Davit is the heart and soul of this thread he is also an excellent teacher. So, if he ever decided to quit his thread there are many of his followers that could take over although I doubt that they have the knowledge and experience that he has. In any case his thread would not die as you suggest.
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