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Pivot Trading

  • #34,101
  • Jan 27, 2020 5:43am Jan 27, 2020 5:43am
Quoting Gmo
USDJPY AUDJPY NZDJPY Sizable Gaps on these pairs! Oanda Live (Commission Account hence suffix -5) Prefer to Sell Rallies! Patience! {image}
I must of said this like 1000x times
We dont sell Pivot zone S61-S100 that goes selling rallies.Should of been buying dips! You might get away once twice but its not high probability way to trade.
I'll just go to my cave mind my own business

I am dishearten to say the least.
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In trading, you have to be defensive and aggressive at the same time
  • #34,102
  • Jan 27, 2020 5:47am Jan 27, 2020 5:47am
EU/H1 looks like a double bottom to me right on S38. Reaction to German's business climate was pretty mild. Couple of more promising data throughout the week for EU are still there.
  • #34,103
  • Jan 27, 2020 5:50am Jan 27, 2020 5:50am
Quoting Davit
{quote} I must of said this like 1000x times We dont sell Pivot zone S61-S100 I am dishearten to say the least. {image}
JPY Pairs - Prefer CADJPY
I have no intention to Sell a Rally until after the Gap has Closed and even towards PP.
With solid and confirming PA at S61 higher probability to buy into Gap Correction.
  • #34,104
  • Jan 27, 2020 5:55am Jan 27, 2020 5:55am
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I'm buying right now. Price Action is looking that it will go down more, I saw it too late. But I think chances are high CADJPY will go up. Everything can happen.
  • #34,105
  • Jan 27, 2020 5:55am Jan 27, 2020 5:55am
Quoting Gmo
{quote} JPY Pairs - Prefer CADJPY I have no intention to Sell a Rally until after the Gap has Closed and even towards PP. With solid and confirming PA at S61 higher probability to buy into Gap Correction.
Do you read what you write? Why would you miss an opportunity NOT buy CJ to gap but prefer to seat until gap closed then sell CJ
Buying CJ is positive swap! Seriously pause and think before you post!

You either trading Pivots here as laid out or you trade however you want that goes for trend lines and all that jazz which causes 95% to lose their money.
In trading, you have to be defensive and aggressive at the same time
  • #34,106
  • Jan 27, 2020 5:56am Jan 27, 2020 5:56am
Quoting kleybenny
{image} I'm buying right now. Price Action is looking that it will go down more, I saw it too late. But I think chances are high CADJPY will go up. Everything can happen.
Good! at least someone is thinking
In trading, you have to be defensive and aggressive at the same time
  • #34,107
  • Jan 27, 2020 6:01am Jan 27, 2020 6:01am
Quoting Davit
{quote} Do you read what you write? Why would you miss an opportunity NOT buy CJ to gap but prefer to seat until gap closed then sell CJ Buying CJ is positive swap! Seriously pause and think before you post!
CADJPY
Entered batch 82.65 Broker time 13:31:17 Now 14:01:43
  • #34,108
  • Jan 27, 2020 6:06am Jan 27, 2020 6:06am
Quoting Gmo
{quote} CADJPY Entered batch 82.65 Broker time 13:31:17 Now 14:01:43
That's not exactly selling rallies right? You dont have to trade to please me its your own money!
I am just pised off we got people liking your post and I am fking wasting my time here!
In trading, you have to be defensive and aggressive at the same time
  • #34,109
  • Edited 7:52am Jan 27, 2020 6:33am | Edited 7:52am
I got couple of PMs asking for my Pivot Points indi. Guys it's a very simple indi I wrote for myself, nothing special about it. If you see the lines shorter, you can change Davit's settings too, so it appears like mine. Anyways, with Davit's permission I'll attach it to this post in case you're still curious.

Settings:
You don't need to set anything. Just attach it and enjoy it. However, you can still choose to see or not to see daily open/high/low as well as round numbers. You can also choose to see next week's pivots based on the current week so far.

Attached File(s)
File Type: ex4 Joe_Weekly_Pivots.ex4   20 KB | 609 downloads
  • #34,110
  • Jan 27, 2020 6:37am Jan 27, 2020 6:37am
Has anyone taken this?
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Trade What's Happening... Not What You Think Is Gonna Happen
  • #34,111
  • Jan 27, 2020 6:40am Jan 27, 2020 6:40am
Watchin EA like a hawk!
  • #34,112
  • Jan 27, 2020 6:52am Jan 27, 2020 6:52am
Quoting langtoni
Watchin EA like a hawk!
I'm in short, small position atm.
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Porta itineris dicitur longissima esse
  • #34,113
  • Jan 27, 2020 7:18am Jan 27, 2020 7:18am
Quoting bubincka
{quote} I'm in short, small position atm. {image}
Since EURUSD is in my point of view at a risky level and could go up, I´m feeling better with buying AUSUSD at the moment. The only thing is the negativ swap for Long AUDUSD, so I will not hold it for long.
  • #34,114
  • Jan 27, 2020 8:17am Jan 27, 2020 8:17am
Quoting kleybenny
{quote} Since EURUSD is in my point of view at a risky level and could go up, I´m feeling better with buying AUSUSD at the moment. The only thing is the negativ swap for Long AUDUSD, so I will not hold it for long.
Hi kleybenny,

you may be right, imho the point here isn't EUR but AUD extreme weakness, it's almost disintegrated due to Coronavirus fears.
However I'm in with a very small exposure, sort of "scout position".
Porta itineris dicitur longissima esse
  • #34,115
  • Jan 27, 2020 10:36am Jan 27, 2020 10:36am
It appears my pivot points are not accurate and not sure why.

eg; my GU is showing different numbers between the pivot I am using and what is showing on the reference page.

I am using Davits Pivot V3.2 Auto that is on my MT4 platform.

Any ideas?

GBPUSD1.29841.30281.30561.31011.31451.31731.3218
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  • #34,116
  • Jan 27, 2020 10:58am Jan 27, 2020 10:58am
Quoting TerryDawe
It appears my pivot points are not accurate and not sure why....
They look ok to me:

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  • #34,117
  • Jan 27, 2020 11:02am Jan 27, 2020 11:02am
Quoting TerryDawe
It appears my pivot points are not accurate and not sure why. eg; my GU is showing different numbers between the pivot I am using and what is showing on the reference page. I am using Davits Pivot V3.2 Auto that is on my MT4 platform. Any ideas? GBPUSD1.29841.30281.30561.31011.31451.31731.3218 {image}
Your Pivots are OK.
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If not sure on pivot levels then go here and check (make sure its weekly and fibs).
"In the end you only trade yourself."
  • #34,118
  • Jan 27, 2020 11:17am Jan 27, 2020 11:17am
Thanks folks,

Yes, it appears that maybe I had it on the Daily, not weekly.

Appreciate your quick assistance.

Regards
Terry
  • #34,119
  • Jan 27, 2020 11:27am Jan 27, 2020 11:27am
[quote=TerryDawe;12723612]It appears my pivot points are not accurate and not sure why. eg; my GU is showing different numbers between the pivot I am using and what is showing on the reference page. I am using Davits Pivot V3.2 Auto that is on my MT4 platform. Any ideas?

Hi Terry Dawe ,
Just checked my WPP on my MT4 screen and it comes in @ 1.30647. Your screenshot is showing your WPP @ 1.30685. It's within 5 pips , thus , according to Davit's criteria , your chart is fine.
I am trading in the Atlantic Time Zone , thus -4. I don't see a need to reload the V3.2 but you can try it on a new chart if you so desire , but , I would be very surprised if you see a difference.

Green pips ,
GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #34,120
  • Jan 27, 2020 12:24pm Jan 27, 2020 12:24pm
Quoting Gmo
USDJPY AUDJPY NZDJPY Sizable Gaps on these pairs! Oanda Live (Commission Account hence suffix -5) Prefer to Sell Rallies! Patience! {image}
You want to trade toward the WPP. In this case you would be buying. WPP is like a magnet.
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