Pivot Trading

Agree 100%. I use 5 brokers, but as you can see, it's only .03 at each, so only 15,000 position, so scaling in, I'll add more (or not, depending on PA) at R78. I know PA isn't there yet, but if you look left this is actually 3rd drive up going back to Jan, all reversed at this price.

Agree...just that past experience has shown me that I jump the gun when I see a "good" setup. When in fact there is no "true" reason to enter. This system has proven time and time again that with at least 2 or 3 of PPE and now along with MA are met then it is a good time to enter. And even still there might be a waiting period or DD. I just want those A+ or at least A trades. I want to go in trade, get out and then go on with life.

There is still no reason for me to sell YET.
Last weeks news was still positive.
Not all your indicators are loaded.

This is your trades, just my opinion.

Best of luck.

Here is my advise for Pivot traders
Less you read FF threads better you are off specially posts by folks who have terrible track record..and are newbies !Stay on course.This system IMO unshakable.One of few that focuses on Events fundies in addition to technical which makes it robust.
Some trades need time and that is a factor in trading. Shorting AC now is good.You got extremely high probability set up.
Long on EU

One popular thread red member the guy says paraphrasing dont trade range!
When you factor so much of forex is in range that's like eliminating great chunk of opportunities.
Range is easy to trade just trade 1 way towards likely BO only.I make great $$ trading range. Why reading others may not be a good idea.Influences that skews reality ...derailing your approach should be eliminated.

Example of range below that I made thousands last 4weeks! That's over 5k. Just showing you why reading wrong people can impact your trading negatively.

UC that has been ranging for weeks.Yes made great money on it as well Over 12k That's 17k made on 2pairs ranging!Got lot other pairs on similar situations.
Why is this important because we are here to make money we are not here to win arguments.Results speaks for itself.Just showed why Range trading is Good money!

Calendar for Week beginning 4/26

Thoughts: I agree with Egbert about stimulus packages having more impact than interest rate decisions. I don’t see any nation with positive sentiments around interest rates. No apparent surprises in my mind. NZ move to reopen their economy tonight might suggest strength, time will tell. NZ also had positive CPI data last week though.
US Treasury Secretary Mnuchin thinks the US economy will rebound quickly in May\June, he is kidding himself and trying to kid the rest of us. The damage has been done I believe. Nothing would please me more than to be wrong here. Any positive rebound is more likely be closer to fall. Overall, the uncertainly in the US just brings more volatility to our trading of majors. I am going to follow Davits lead and steer away from them mostly in favor of crosses, EC, GC, AC. I like EU and UC though so will look for A+ trades there.
Yen is not on my radar but I will make a few comments about it.
For all pairs of interest, USD, AUD, CAD, EUR – all red news appears forecast as weakening. I am not seeing an edge anywhere base on fundamentals and sentiment. As always, PA is king so will watch for anything unexpected and behavior at pivots. Happy trading.

SUN
Quiet news day
BOJ Outlook Report and Monetary Policy Statement – Rate remains unchanged at -0.1%. No surprises in dovish sentiment. ‘economy likely to remain in severe situation for the time being’ per BOJ.

MON
Slow news day
BOJ notes on SUN weakening CPI, which is announced today. Low impact news however so unlikely to make any waves.

TUES
EUR-Spanish Unemployment – moderate impact - forecast increase to 15.6 from 13.8%. Watching for a weakening EUR for EC buy around 1.5130, area, S38
USD-US Consumer Confidence – forecast drop from 120 to 90.1. I like trading EU so will watch for any unexpected stronger or weaker numbers. If stronger, this might give a good sell opportunity near R61, if it can get there and break above the range around R38. If it comes in as forecast, possibly a sell near R38, staying the range?
AUD-CPI y/y and trimmed mean - .2 from .7% and .3 from .4% respectively forecast. This is the first news supporting an AC sell. It is already trading at R61 near R78 though, I am already in. Possibly too early though.

WED
USD-Advance GDP-forecast drop from 2.1% to -3.9%
Pending Home Sales – drop from 2.1% to -11.%
FOMC Statement and Fed Funds Rate - no changed expected, would be surprised by anything but ‘weakening’ and ‘dovish’ language.
CNY-Manufacturing PMI-reduced from 52.0 to 51.0. Watching this for possible effect on AUD
EUR-Business Confidence-forecast -1.24 from -.28
JPY-Consumer Confidence-forecast 22.3 down from 30.9

THUR
EUR-Main Financing Rate and Rate Announcement – forecast to remain unchanged at 0.00%
CAD-GDP- forecast decrease from .1% to 0%
EUR- ECB Press Conference
USD- US Unemployment Numbers – forecast decrease to 3500K from 4427K
USD-Personal Income and Personal Spending – forecast drop from .6% to -1% and from .6% to -6.3% respectively.

FRI
USD-ISM Manufacturing – forecast reduction from 49.1 to 36.7

As always, your trades are your own. Thank you all.

'we are here to make money we are not here to win arguments'

Nailed it!

AU double top near R68

I love range trading.
Short AC 1st position at .90768
Chart time allows me to see the "in between" S/R levels of the major S/R levels. Lots of chart time and commitment to executing the trade when probability gives me an edge. Always knowing what is going on in the bigger picture on larger time frames where the "HUGE MONEY INVESTS".
GE

AC -2nd position =9090 short
GE

Gold short performing well. At extreme R on yearly pivots + monthly and retest on the weekly.

Wow, yearly pivots. Have never looked at those.

MM accumulate eyery single lot.
Short AUD. It well drop soon...
Renko

We should see decent drop tonight after CPI
Market already saturated with AUD buys.Some profit taking will take place.

Did this today on Krita (free drawing app)with mouse so lines are not the best.I like challenging myself.

Dear Brother,Friend Davit wish you quick recovery of your left arm pain ,

Was in India from 5th Feb to 14 march for my health treatment issues and
sadly my health condition(Liver problem) is becoming worse again ! but i am doing my best to solve that health problem ,sometimes its so stressful ,
as like everyone i am also in lockdown from 15march in my country until today for Covid19 crisis,

in the mean time my account got badly reduced by 70%++ from that AUD spike while i was India ,

and also got seperated issues that moment with my life partner ! she ended up becoming a monk and she just want to stay in yoga ashram,i do love her and want her to be happy , God bless her ,

was not in good mental state so took some time off from trading and was re reading Trading in The Zone by Mark Doughlas, ,remaining 3700 USD in my account ,
got the lessons from experience so i am now ready to start over again to build my account ,
Brother Davit you are always my true inspiration ,

taking little step in trading again ,
take care and Brother Davit,
and take care all Pivot traders
stay safe ,

this was todays result ,

(Trading skills are yours for life.You dont lose it overnight!) - "Davit"

Thank you for your post!
Looks like you have've been going through lots of tribulations in life.I also lost great chunk of my account on same spike but building it up again and so far going pretty strong.Wish you better health!Keep doing what you are doing and you'll recover your loss and more.


Also want to say making 82 USD in India is whole lot more then in US where living standards are so expensive so good money! Keep it up

Shorting AUD 6490 area
I am anticipating minimum 50pip drop on this either before CPI or after

Many States are gearing up to ease restrictions on Covid 19 and USD may start picking up specially against currency like AUD that should of never reached this high so fast.

Nice Davit!

I am in UC long and EC long so have used my margin. I bit overleveraged in CAD now but really liked the look of both. Missed my short EU though as mentioned in my plan. That would have been a nice 50pips.

Keep an eye on UC may dive below S61

Want to as you a favor my news indi is 1hr behind and can't fix it.If yours is correct could you upload the indi? thank you

Thanks, will watch closely. Im up 95 pips now with a SL in place. No harm in taking profits though. Getting better at leaving some on the table. There is always another trade.

This is the news indi I am using.