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Pivot Trading

  • #35,161
  • Mar 5, 2020 9:11am Mar 5, 2020 9:11am
Quoting ToddyS2K
{quote} Are you sure...? This pattern does not convince me ... it seems to be accumulating before a further breakout ... maybe I'm wrong
Yes it is accumulation Phase and I think it is going south.
  • #35,162
  • Mar 5, 2020 9:21am Mar 5, 2020 9:21am
Hi folks ,
WTI currently at near perfect price in the consolidation phase for speculators and institutional buyers to send price above $50.00 bbl..
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #35,163
  • Mar 5, 2020 12:13pm Mar 5, 2020 12:13pm
Quoting renkotop
{quote} Shorts for EU are on the way! {image}

wait for 7R ... anything can happen between 6R and 7R.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,164
  • Mar 5, 2020 12:22pm Mar 5, 2020 12:22pm
This corona shit made me very nervous. There was 38 ptient in Netherlands in the morning and now 82. It started last friday.
  • #35,165
  • Mar 5, 2020 1:33pm Mar 5, 2020 1:33pm
i like this thread very much.it is really cool ,clean and not not destroyed by extra ordinary expert/pundits like so many useful and favorite thread of forexfactory.may be some forex factory friends not like davits or davits thread because of his strictness? i believe this thread is still ok and clean because of his strictness.May live long Davits my friend and his great threads.
Say something meaningful or Silence!!
  • #35,166
  • Edited 2:44pm Mar 5, 2020 2:34pm | Edited 2:44pm
Today's USDJPY sell-off is highly irregular...big boys know something...there might be a big JPY unload tomorrow. It may start a correction from 106.20 into 109+-.
Everyone can see the chart, but only a few can actually read it.
  • #35,167
  • Mar 5, 2020 2:50pm Mar 5, 2020 2:50pm
Quoting renkotop
{quote} Shorts for EU are on the way! {image}
I can see why traders would be shorting the EUR/USD at this level R100 (1.1207) on a weekly chart due to previous sideways channel formed from October 2018 to July 2019. Current price of R100 is "knocking its head" on the bottom of this channel.

Personally , I wouldn't have the appetite for it , but , I can see why trader's would.
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #35,168
  • Mar 5, 2020 3:20pm Mar 5, 2020 3:20pm
WTI price is still staying close to WPP , although I did not think price would break below $46.00 bbl (currently at $45.80) .
I still maintain that WTI price will trade above $50.00 bbl within 1 to 6 days.
FASCINATING MARKETS !!!!!
NFP TOMORROW !!!!!
Hope everyone's trades are profitable ,
Sincerely , GE
"Define the risk OUT of your trade"--Mark Douglas
  • #35,169
  • Mar 5, 2020 4:03pm Mar 5, 2020 4:03pm
Don't post much if ever to keep the thread to its core principles, but pivots and swings have helped me capture moves like this since I've read from the back for some time now.

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  • #35,170
  • Mar 5, 2020 4:22pm Mar 5, 2020 4:22pm
Quoting younget
don't post much if ever to keep the thread to its core principles, but pivots and swings have helped me capture moves like this since i've read from the back for some time now. {image}
excellent entries !!!!!
Ge
"Define the risk OUT of your trade"--Mark Douglas
  • #35,171
  • Mar 5, 2020 6:06pm Mar 5, 2020 6:06pm
Green Earth 2 simple ways to post charts
1. use snipping tool
2. use FN print Scrn click on "paste " choose "paste " and take note of where it pastes too ,or give the pic a name and if you lose where it goes you can search for that name
3 then "upload from device (down the bottom where it says "attach Files "
4. then insert
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  • #35,172
  • Mar 5, 2020 6:41pm Mar 5, 2020 6:41pm
Quoting starpro
Green Earth 2 simple ways to post charts 1. use snipping tool 2. use FN print Scrn click on "paste " choose "paste " and take note of where it pastes too ,or give the pic a name and if you lose where it goes you can search for that name 3 then "upload from device (down the bottom where it says "attach Files " 4. then insert {image} {image} {image}
Starpro , THANK YOU so very much for the information. I believe there is an issue with my computer that is preventing me from uploading charts. Going to have it investigated this weekend.
Thank you so much for your detailed explanation , I sincerely appreciate your work , it's Fantastic !!!

Many green pips to you ,
Sincerely ,
GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #35,173
  • Mar 5, 2020 9:27pm Mar 5, 2020 9:27pm
Starpro thanks

dang you people kill me with what you know about your computers....I'm like the dumbest kid in class


  • #35,174
  • Mar 6, 2020 12:56am Mar 6, 2020 12:56am
CADJPY

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Weekly
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1 Hour
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Best regards
  • #35,175
  • Mar 6, 2020 2:37am Mar 6, 2020 2:37am
Quoting renkotop
{quote} Shorts for EU are on the way! {image}
My Shorts were wrong!
  • #35,176
  • Mar 6, 2020 3:28am Mar 6, 2020 3:28am
Quoting renkotop
{quote} My Shorts were wrong!
German Factory Orders this morning nearly 5x better then forecast boosted the EUR.

I'm short on EU too, I don't see any reason for EUR strength above all right now, maybe I have to stop looking for reasons and just look at the charts.
Porta itineris dicitur longissima esse
  • #35,177
  • Mar 6, 2020 3:43am Mar 6, 2020 3:43am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,082 Posts | Online Now
Attached Image (click to enlarge)
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We obey the structure that results from the market's reaction
  • #35,178
  • Mar 6, 2020 3:52am Mar 6, 2020 3:52am
Still maintaining my belief that WTI will trade above $50 bbl between now and the end of next week.
I have been very puzzled as to why oil has drifted lower and lower toward S38 ($43.74).
Markets are still awaiting on a Russian confirmation of joining OPEC'S proposed output reduction.
One never knows but maybe President Trump's relationship with Putin is paying dividends as we speak and Russia is choosing not release a public statement until after the Market closes today.
Very interesting time.
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #35,179
  • Mar 6, 2020 3:54am Mar 6, 2020 3:54am
Quoting bubincka
{quote} German Factory Orders this morning nearly 5x better then forecast boosted the EUR. I'm short on EU too, I don't see any reason for EUR strength above all right now, maybe I have to stop looking for reasons and just look at the charts.
I like "maybe I have to stop looking for reasons and just look at the charts"

The charts are always right and the market has been waiting for a good excuse to change its cycle. EU has been in downtrend for 2 consecutive years and now it was simply time to change trend. Banks and MM can change the fate of the market at any time by ignoring any fundamentals and this must serve as a lesson. It is true, the markets are always within a range until it is broken
Trade What's Happening... Not What You Think Is Gonna Happen
  • #35,180
  • Mar 6, 2020 4:00am Mar 6, 2020 4:00am
Quoting Egbert
{image}
mmm ... AC has broken previous high ...
Trade What's Happening... Not What You Think Is Gonna Happen
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