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Pivot Trading

  • #34,701
  • Feb 18, 2020 5:05am Feb 18, 2020 5:05am
Quoting Davit
Its obvious now without data GU wont break 30 south.We need negative data on GBP or positive data on Euro.As it stands today expect monotone small range all day long. Which leads me to reiterate Price has nothing to do with Oscillators or MA's.Its an illusion created by mostly retail trader's minds. CAD gaining...why? Crude is gaining! CAD is not gaining because market makers decided it hit some moving average therefore they decided to buy it and to think that is oxymoronic. Constant debate on TDI green crossing red on popular thread is basically...
I don't trade pivots but what Davit shares here is true wisdom. Congrats and thanks for this thread.

David
  • #34,702
  • Feb 18, 2020 5:10am Feb 18, 2020 5:10am
AUDNZD
Posted before, deleted now updated.
Exited Short 1.0418-21 Long after London Open.
Expecting retest WPP? Add on??
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  • #34,703
  • Feb 18, 2020 5:23am Feb 18, 2020 5:23am
Quoting Davit
{quote} Gn GC GA all good to short.Out of margin!like GC the best German sentiment came out lot worst then projected... EG longs not looking good unless we get some red on GBP Possibly dropped the ball on this trade.EG
I'm in GC.
  • #34,704
  • Feb 18, 2020 5:51am Feb 18, 2020 5:51am
All this trust on GBP based on what ?

Taken from fxstreet.com, British Finance Minister Rishi Sunak announced that the budget will be delivered on March 11th.

"Will deliver on the promises we made to the British people – levelling up and unleashing the country’s potential"

https://www.fxstreet.com/news/gbp-us...0-202002181111

UK jobs data were mixed, being the most important below expectations, so it's a promise so powerful to give such a boost to the pound ?
Porta itineris dicitur longissima esse
  • #34,705
  • Feb 18, 2020 6:09am Feb 18, 2020 6:09am
Hi guys , short USD/CAD at 1.3260.
IMO , oil is ripe for a weekly correction.
Regards ,
GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #34,706
  • Feb 18, 2020 8:36am Feb 18, 2020 8:36am
closed AC lots of data coming out on AUD and frankly dont know how that may go so getting out.My thinking it may likely dive 8852-60 again or lower
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In trading, you have to be defensive and aggressive at the same time
  • #34,707
  • Feb 18, 2020 8:42am Feb 18, 2020 8:42am
GC right on weekly ADR
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In trading, you have to be defensive and aggressive at the same time
  • #34,708
  • Feb 18, 2020 9:31am Feb 18, 2020 9:31am
Quoting Davit
GC right on weekly ADR {image}
Can you tell me what the name of that Weekly ADR indi is? I've looked on the paperclip but cannot seem to find it. I have an indi that places Weekly ADR levels like yours but mine seems to be off. I've actually recently stopped using it. If it's not on the paperclip would you mind sharing? I posted a Daily, Weekly, Monthly, Yearly Range indi on this thread that I thought would be very useful. Thanks for everything.
  • #34,709
  • Feb 18, 2020 9:32am Feb 18, 2020 9:32am
Quoting Davit
GC right on weekly ADR {image}
Yeah, there were quite a few pairs that bounced off their respective ADR after market open today. Pays to stay frosty on these overnight swings.
Trade with confidence, trade without fear.
  • #34,710
  • Feb 18, 2020 9:34am Feb 18, 2020 9:34am
Quoting bojack34
{quote} Can you tell me what the name of that Weekly ADR indi is? I've looked on the paperclip but cannot seem to find it. I have an indi that places Weekly ADR levels like yours but mine seems to be off. I've actually recently stopped using it. If it's not on the paperclip would you mind sharing? I posted a Daily, Weekly, Monthly, Yearly Range indi on this thread that I thought would be very useful. Thanks for everything.
page 2 clip
my period is 5
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In trading, you have to be defensive and aggressive at the same time
  • #34,711
  • Feb 18, 2020 9:42am Feb 18, 2020 9:42am
Hit GC again whatever margin I had left figure by 72 should be decent gain
EG left me with 1tire missing out lot of set ups because of it.Colossal mistake!I truly hate getting tight up my funds that dont work for me.
In trading, you have to be defensive and aggressive at the same time
  • #34,712
  • Feb 18, 2020 9:58am Feb 18, 2020 9:58am
Quoting Davit
{quote} page 2 clip my period is 5 {image}
tyvm.
  • #34,713
  • Feb 18, 2020 10:16am Feb 18, 2020 10:16am
Quoting Davit
EG left me with 1tire missing out lot of set ups because of it.Colossal mistake!I truly hate getting tight up my funds that dont work for me.
I guess we're many on this same boat.

This morning at LO EG was well poised for recovery, then tremendous data came out on EUR and here we are.
Porta itineris dicitur longissima esse
  • #34,714
  • Feb 18, 2020 10:47am Feb 18, 2020 10:47am
Glad closed AC same period that AC is stuck at GC made over 25pips
I am more conscious of TIME element in trading. Have certain number I like to hit by the end of the year and every day funds tight up on pairs not moving is making that goal even more challenging and time wasted. Got to be even more sharper now.
UC and EG are bagging down my progress now
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In trading, you have to be defensive and aggressive at the same time
  • #34,715
  • Feb 18, 2020 10:51am Feb 18, 2020 10:51am
Loading some shorts on GC
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Be aware of tomorrow news.
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"In the end you only trade yourself."
  • #34,716
  • Feb 18, 2020 10:55am Feb 18, 2020 10:55am
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We obey the structure that results from the market's reaction
  • #34,717
  • Feb 18, 2020 10:57am Feb 18, 2020 10:57am
Quoting Egbert
{image}
I guess you like Creepy.Your avatarWhatever motivates you
In trading, you have to be defensive and aggressive at the same time
  • #34,718
  • Feb 18, 2020 10:58am Feb 18, 2020 10:58am
Quoting Davit
{quote} I guess you like Creepy.Your avatar
We obey the structure that results from the market's reaction
  • #34,719
  • Edited 11:35am Feb 18, 2020 11:12am | Edited 11:35am
I know you guys read lot of threads about Traders losing money nobody makes money and all that shit.I can tell you categorically Its possible to make solid income.Even shit day like this I am still making lot more then my old day job.
Dont lose hope.Don't listen losers remember birds of feather flack together. Measure yourself someone better then you not below you.Only way to learn and progress.In Art School I loved great drawings by other students and tried hard to do better.I did not compare myself with students who were clearly less skilled.
This is obvious but honestly reading this forum proves obvious is seldom spoken.When you see an idiot liking and subscribing to another idiot you know these guys have no ambition no drive only comfort solace they like is finding another loser.
In success seek successful people!

Who would like to get inspired from most negative loser at ff?Apparently 89 "traders" Trading longer then I and most stupid "trader" I ever came across bar none
I sincerely tried to reach this guy but no avail
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In trading, you have to be defensive and aggressive at the same time
  • #34,720
  • Feb 18, 2020 11:20am Feb 18, 2020 11:20am
in terms of fundamentals, there was no positive reason for pound go upside today,.since we have downside bias
here is, the real motivation for drive POUND. CPI TOMORROW
WE have our STRONG reason for SHORT combined with the negative bias & sentiment of that currency.: R61 & ADR High

if Pound have some upside moves today, that is for hit short again.

CPI TOMORROW
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here some close GA.
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