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Pivot Trading

  • #34,941
  • Feb 25, 2020 2:34pm Feb 25, 2020 2:34pm
Quoting Romanov102
I had a notification pop up in my sidebar yesterday stating my version of windows 10 needed updating. I figured I'd postpone it until the weekend . My computer is only 7 months old. Well this morning I woke up and my trading platform was frozen and I had to reboot my computer it took over 1 1/2 hours right at prime time this morning. Lesson here, always have a backup plan if possible: power outage, computer not working, lost internet. Fortunately I have Trading Station and MT4 on my other computer so I can monitor things , If I lost internet I can...

You can set a pause (number of days) to prevent updates during the weekdays when trading.

I set mine to 7 days pause and only allow auto updates on Saturdays after NY closed Friday 5pm.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,942
  • Feb 25, 2020 4:18pm Feb 25, 2020 4:18pm
323 verified cases in Italy, 11 deaths. Infections are spreading in other areas of Italy. Moreover, today they found 2 new cases in Austria, 1 in Switzerland, 1 in Spain and 2 in France.
Regarding Italy, lots of tourists are cancelling trips for Nothern Italy for this period and ALSO for the summer. In some mountain towns 95% of bookings are being cancelled. This is only one aspect of coronavirus, but critical. In fact, tourism affect 13% of Italy GDP, hence it will weaken the economy. Europe at the same time will be affected.
I will hold my EA shorts (I think AN will go up, so I prefer it rather than EN), checking if there are some good spots to short other E pairs (maybe EC).
Give me a lever long enough and a place to stand, and I will move the Earth
  • #34,943
  • Feb 25, 2020 4:28pm Feb 25, 2020 4:28pm
Quoting artestine
323 verified cases in Italy, 11 deaths. Infections are spreading in other areas of Italy. Moreover, today they found 2 new cases in Austria, 1 in Switzerland, 1 in Spain and 2 in France. Regarding Italy, lots of tourists are cancelling trips for Nothern Italy for this period and ALSO for the summer. In some mountain towns 95% of bookings are being cancelled. This is only one aspect of coronavirus, but critical. In fact, tourism affect 13% of Italy GDP, hence it will weaken the economy. Europe at the same time will be affected. I will hold my EA...
Many people will short EURxxx pairs due to the panic...so I guess the banks will do the opposite, to make some bonus cash.
Everyone can see the chart, but only a few can actually read it.
  • #34,944
  • Feb 25, 2020 4:29pm Feb 25, 2020 4:29pm
Quoting artestine
323 verified cases in Italy, 11 deaths. Infections are spreading in other areas of Italy. Moreover, today they found 2 new cases in Austria, 1 in Switzerland, 1 in Spain and 2 in France. Regarding Italy, lots of tourists are cancelling trips for Nothern Italy for this period and ALSO for the summer. In some mountain towns 95% of bookings are being cancelled. This is only one aspect of coronavirus, but critical. In fact, tourism affect 13% of Italy GDP, hence it will weaken the economy. Europe at the same time will be affected. I will hold my EA...
And now 2 new verified cases in Germany.
  • #34,945
  • Feb 25, 2020 4:36pm Feb 25, 2020 4:36pm
"It is estimated that seasonal flu cause 3 to 5 million serious cases worldwide, and between 300,000 and 650,000 deaths related to the disease, most of which occur in people over 65 with special risk ."

Corona is not even close to seasonal flu when it comes to deaths. It will have economic impact, but mostly because of the media hype. I wonder who is profiting from this and whats the purpose, because everything happens for a reason...and during every event, someone makes a lot of money...
Everyone can see the chart, but only a few can actually read it.
  • #34,946
  • Feb 25, 2020 5:16pm Feb 25, 2020 5:16pm
Quoting OnlineAddict
{quote} Many people will short EURxxx pairs due to the panic...so I guess the banks will do the opposite, to make some bonus cash.
Yes, but I want to short E pairs for the effects, not for the coronavirus itself. The deaths in Italy are mostly of older people with already bad health conditions. But the damages on the economy? Tourism is essential for our economy. Living in Italy I can see what is happening here. They are blocking more and more things. It is for the unjustified media hype? I agree. But this is what happening right now. And I think it will be worse.
Give me a lever long enough and a place to stand, and I will move the Earth
  • #34,947
  • Edited 6:07pm Feb 25, 2020 5:45pm | Edited 6:07pm
Quoting artestine
{quote} Yes, but I want to short E pairs for the effects, not for the coronavirus itself. The deaths in Italy are mostly of older people with already bad health conditions. But the damages on the economy? Tourism is essential for our economy. Living in Italy I can see what is happening here. They are blocking more and more things. It is for the unjustified media hype? I agree. But this is what happening right now. And I think it will be worse.
Yes, but when it comes to actual economic outcome in real numbers, it will take weeks or months. And that could be the trap. Retail will start shorting now...banks may start shorting few hundred pips higher...when the numbers actually start coming in, because now we only have assumptions. "Buy the rumor, sell the fact"

EDIT: Citibank just recommended to sell EU at 850, with a SL at 1010...so you know whats the real target.
Everyone can see the chart, but only a few can actually read it.
  • #34,948
  • Feb 25, 2020 7:26pm Feb 25, 2020 7:26pm
Quoting MrAussieFX
{quote} {image} Best regards
Target 1 on the free-fall on Dow Jones got hit very quickly. It looks like 26730.50 could hit today in no time before any short term support.
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Kindest regards
  • #34,949
  • Feb 25, 2020 9:01pm Feb 25, 2020 9:01pm
Is COVID-19 going to be declared as Pandemic?

Inserted Video
  • #34,950
  • Edited 10:50pm Feb 25, 2020 10:04pm | Edited 10:50pm
Quoting Davit
{quote} Dear John I had no idea you were ill.I hope whatever it is you get better!You are one of the most prominent pivot members here!
Thank you Davit and friends. I will be having all my last 13 infected teeth removed in the morning tomorrow with placement of temporary dentures and given antibiotics for 10 days.
Then, after healing my infected gums, I will then undergo a minimally invasive procedure of replacing my critically closed calcified Aortic Valve < 1 cm2 a latiny with openning with an AV gradient > 70 mmHg. The Aortic Stenosis condition is found in up to 2% of the aging population - pretty common. It is called the Trans-aortic Valve Replacement (TAVR) done under local anesthesia and sedation to allow opening of your left groin artery to place stents that go up the aortic valve with first ballooning open the valve then slipping a new artificial AV and the stents removed, groin artery stitch up and skin tissues to close up the opening. Then you spend 12 hours laying flat with a 50 lb sand bag in the closed left groin wound and then go home the next morning. Although a critical surgical procedure under flouroscope, the risks of compliments are only 1% complications.
So, if you are symptom-free like I was or am, if greater than 50 years old, have a referral to a cardiologist for an thorough heart PE and stress test echocardiogram that is a test of ultrasound over the skin around your heart if there are any murmurs like I have. Insist on the referral as most GPs are not all good at detailed heart exams on routine physical exams. It may save you life with these modern medical procedures !
I am lucky to have the best cardiologist and cardiothoracic surgeons in Atlanta doing my procedure on March 10, 2020 beginning at 10m EST .... so I am not really worried... But positive Vibes my Piviior Friends here with be accepted ! Lol !
Regards,
John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #34,951
  • Feb 25, 2020 10:32pm Feb 25, 2020 10:32pm
Quoting DrForexMD
{quote} Thank you Davit and friends. I will be having all my last 13 infected teeth removed in the morning tomorrow with placement of temporary dentures and given antibiotics for 10 days. Then, after healing my infected gums, I will then undergo a minimally invasive procedure of replacing my critically closed calcified Aortic Valve < 1 cm2 a latiny with openning with an AV gradient > 70 mmHg. The Aortic Stenosis condition is found in up to 2% of the aging population - pretty common. It is called the Trans-aortic Valve Replacement (TAVR) done under...
I hope it all goes well for you John.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #34,952
  • Edited 10:54pm Feb 25, 2020 10:41pm | Edited 10:54pm
Quoting Romanov102
{quote} I hope it all goes well for you John.
Thanks so much Romanov .
It will go well as I am very fortunate to be a healthy 63 year old man with a very strong heart. My specialty was Cardiovascular Anesthesiologist and all my objective testing were excellent.
Regards
-John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #34,953
  • Feb 25, 2020 11:21pm Feb 25, 2020 11:21pm
Updated data on Coronavirus (covid-19)
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"The freedom of the other extends mine to infinity"
  • #34,954
  • Feb 26, 2020 12:08am Feb 26, 2020 12:08am
Here's the link to the above dashboard https://www.arcgis.com/apps/opsdashb...23467b48e9ecf6
  • #34,955
  • Feb 26, 2020 12:51am Feb 26, 2020 12:51am
Quoting MrAussieFX
Is COVID-19 going to be declared as Pandemic? https://youtu.be/LRgGrR1pVxA
the Australian Govt has just enacted it's plan
https://www.smh.com.au/national/viru...25-p54490.html
I will get my head around this, but always can be wrong
  • #34,956
  • Feb 26, 2020 1:32am Feb 26, 2020 1:32am
Quoting OnlineAddict
{quote} Yes, but when it comes to actual economic outcome in real numbers, it will take weeks or months. And that could be the trap. Retail will start shorting now...banks may start shorting few hundred pips higher...when the numbers actually start coming in, because now we only have assumptions. "Buy the rumor, sell the fact" EDIT: Citibank just recommended to sell EU at 850, with a SL at 1010...so you know whats the real target.
I really understand your point. So, can I ask you your point of view on what happened in China this last month? I found the situation very similar, with different proportions of course. In that case we saw AUD and NZD collapse and we think that the main reason is the difficulty with China economy due to coronavirus preventions and australian and new zeland economies are highly correlated with it. But we didn't see A or N pairs going up (only in mid-late December, but coronavirus wasn't a world issue yet), but only going down.

I'm just trying to understand and to learn form the bests.
Give me a lever long enough and a place to stand, and I will move the Earth
  • #34,957
  • Feb 26, 2020 2:40am Feb 26, 2020 2:40am
EURAUD Daily trade started on 20 Feb 2020

In harmonics(according to Scott Carney), the patterns will give you 2 opportunities
1. Reaction (Sudden or sharp move to target 1, 38.2% of AD)
2. Reversal (Price go back to the start of the pattern or little further than the start and come back to test target 2, 61.8% of AD)

However, you can also catch what happens between Reaction and Reversal, its called Retest (Price action move to retest the start of the pattern)

Below is a break down of my EURAUD Retest trade on a daily timeframe (It completed in 6 days)

EURAUD Daily on 20 Feb 2020
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EURAUD Daily on 21 Feb 2020
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EURAUD Daily on 25 Feb 2020
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EURAUD Daily on 26 Feb 2020
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Attached Image (click to enlarge)
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Best regards
  • #34,958
  • Feb 26, 2020 3:07am Feb 26, 2020 3:07am
Quoting MrAussieFX
EURAUD Daily trade started on 20 Feb 2020 In harmonics(according to Scott Carney), the patterns will give you 2 opportunities 1. Reaction (Sudden or sharp move to target 1, 38.2% of AD) 2. Reversal (Price go back to the start of the pattern or little further than the start and come back to test target 2, 61.8% of AD) However, you can also catch what happens between Reaction and Reversal, its called Retest (Price action move to retest the start of the pattern) Below is a break down of my EURAUD Retest trade on a daily timeframe (It completed in 6...
By the looks it's going for .667-.670
  • #34,959
  • Feb 26, 2020 4:45am Feb 26, 2020 4:45am
EurCad may provide some opportunities

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD 60 MINUTE BEARISH DEEP CRAB.png Size: 318 KB


Best regards
  • #34,960
  • Edited 9:42am Feb 26, 2020 9:29am | Edited 9:42am
At the close of the ny session today, we should see a slightly more positive scenario, with the beginning of the recovery of the global economy, and particularly the recovery of currencies associated with the commodities that I am most interested in.
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