Pivot Trading

[quote=Davit;12990148]"untitled"

How about "Sheila & Awex" the Aussie wool exchange.. or “Sheila counting sheep” or better still just keep it untitledI don't even know if that is a sheep but it looks at you wherever you go

Hello everyone hope everything is good for all of you.

EJ Update currently good, price start to be ranging waiting for sure the news today. I will expect price will go down till the WS 38 cause there is also 2 good daily support over it, if the news will be good for the USD probably price will fall and hit the WS 61 where my TP is, let's see what market will give to us.

H.

Riding EC down...

Hi Fellow Pivoters,

I hope all is well with you, family and friends with this Covid-19 pandemic - see www.cdc.gov

Summary of PDF January 2020 of Davit's teachings here:



Regards,

John

thankyou for what you do

Thank you nimtrader.

My life has been forever observational, analytical and artistic. I really enjoy doing these Summaries, as it keeps this retired doc continuing to learn something new everyday - helping other fellow Pivoters of Davit's gold-nuggets that he shares freely and contributions of other advanced Pivoters.

It really gives me great pleasure learning this way as a lifelong student in medical and computer science.

Geopolitics, fundamentals and their effect on the Red News I enjoy as well in retrospect - as I due not trust what the MMs would really do as they reach the exhaustion level on the outer Pivots levels, as well as money management of my account by very soft SL and 10 Pips TP of small lots of 0.03 as I go taking on the best currencies pairs based on my account size and of course margin% > 250 or %DD < 20%.

A new IG-Live account over the last week:





Regards,
John

[quote=Squiggles;12991032] It was whimsical spirit of the moment. When comes to sex man are sheep...

New one
"Sonia"

Keep an eye on EC EG

Took a sneaky short on EJ just below PP, price action was too tempting.

EG at thes same spot where last week. Could be nice short tomorrow. Will observe closely.
Took long on it yesterday.

Hello everyone,

Sorry for late reply EJ 4H candle close under Daily support, so keep will pointing down. Probably tomorow will face a lot of support near the WS38 + two daily as you can see.
Let's see what market bring to us !

[quote=Davit;12997878] You are right talking about man and the sheep. About "Sonia" Look really good !

H.

Correlation DXY and S&P ?
Inversely?

https://www.tradingview.com/chart/ohGH5vVL/


DXY & S&P500 and EURUSD

The safe-haven dollar comes !!
that is what I was waiting to drop my EU pair and AU.

it took a while but it came kkk

my idea is: If there are signs that coronavirus cases are rising in more US states and Also in other countries , While jerome powell says stimulus may be much smaller than before , so more chance us dollar come To safe-haven again
or good for my EU and AU short I am holding

https://www.forexfactory.com/showthr...4#post12996154

Looking at UC it might still have more upside to 38S or even 61 to complete a cup

https://www.forexfactory.com/showthr...7#post12999087

It did take a while but all that waiting was just setting up the stage.

Hello everyone,

Quick update, EJ looking really good, moved my TP to the WS78 cause fit perfectly with my next TP level where another Daily support trendline stand.
I will follow of course the evolution because the WS61 could be really good place where price can stop by.
Sorry but i'm to tired for post the screen right now, i will post the screen tomorrow.
See you later !

H.

Morning from Italy fellow traders,

EJ closed manually just now, as you ca see PA seems react over the WS38 and daily trendline also.
Good trade, looking for the next. I'll keep you update have nice day.

H