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Pivot Trading

  • #37,661
  • Oct 8, 2020 9:46pm Oct 8, 2020 9:46pm
Quoting Davit
Hi guys Thank you for heart felt support guys. System is working beautifully. Just to inspire you guys.Results for today only! As you notice I zero in on few pairs and track them in and out milking the swings. Keep the principles of this thread and you'll be fine. cheers Not intending to become full time posting but will post some when time allows. {image}

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,662
  • Oct 9, 2020 2:38am Oct 9, 2020 2:38am
Quoting NLtrader
Maybe Nice trade possible on usd/cad and Eur/usd next week very interesting what is the best way to post a screenshot? ctr+v or ctr +alt+ pr screen doesn't work for me ;-)
Hi,
Just to give a piece of information, I am not a commertial or have any interest in it.
But try Monosnap, is a great tool I have to cut and paste parts of anything into any document, very useful tool.

https://monosnap.com/

take care.
  • #37,663
  • Oct 12, 2020 11:43am Oct 12, 2020 11:43am
Been a long time since I contributed anything here. During Covid my Canadian broker doubled, then tripled most of my margins which priced me right out of the game. I finally secured an offshore account with a regulated broker that takes Canadian clients, they do not accept clients from the USA. I like the looks of GU short today. Boris just announced a 3 tier lockdown system in the UK.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #37,664
  • Oct 12, 2020 4:00pm Oct 12, 2020 4:00pm
I like the GU as well. Entered short close to your entry just after Boris comments. Unfortunately, I was looking at PA just at R78(last weeks level), now R38. That could leave a move to the upside if GBP unemployment is lower than expected. I personally don't see that though. 3 Tier lockdown says higher unemployment, but numbers would still need to catch up, I don't expect the announcement tonight to show that. Its not high impact news either. It is projected to increase to 4.3% from 4.1%. Watching GBP claimant count also, moderate impact news.

CAD and US bank holiday today, so no news to drive the move south. USD CPI and Core CPI tomorrow forecast .2% down from .4%. Not strong for the USD.

GU is running into a resistance area on the D so from a birds eye view, the sell looks good to me.

Just a few thoughts. I like the harmonics on this as it coincides with the R78 level from last week. As always though, PA is both King and Queen.
  • #37,665
  • Oct 13, 2020 3:24pm Oct 13, 2020 3:24pm
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  • #37,666
  • Oct 14, 2020 4:18pm Oct 14, 2020 4:18pm
Two more patterns on 4 HR EG and UJ
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #37,667
  • Oct 14, 2020 9:31pm Oct 14, 2020 9:31pm
EUR CAD H4 Deep Crab
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #37,668
  • Oct 14, 2020 9:35pm Oct 14, 2020 9:35pm
AN also interests me. Australia posted good data this evening.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #37,669
  • Oct 15, 2020 2:07am Oct 15, 2020 2:07am
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May the Force be with you.
  • #37,670
  • Oct 15, 2020 8:48am Oct 15, 2020 8:48am
Classic Pivot Trade
day results so far still running + trades
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In trading, you have to be defensive and aggressive at the same time
  • #37,671
  • Oct 15, 2020 8:58am Oct 15, 2020 8:58am
Charts have become messier here
In trading, you have to be defensive and aggressive at the same time
  • #37,672
  • Oct 15, 2020 1:13pm Oct 15, 2020 1:13pm
My day is done! It was great day.Results for today.
Stay on course.Keep with events and follow order flow Pivots structures etc.

No open trades flat! No DD
Below Oct results so far.
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In trading, you have to be defensive and aggressive at the same time
  • #37,673
  • Oct 16, 2020 7:18am Oct 16, 2020 7:18am
Something to be aware of in the next weeks..

https://edition.cnn.com/2020/10/16/b...omy/index.html

Negotiations between the EU and the UK.
May the Force be with you.
  • #37,674
  • Oct 16, 2020 8:55am Oct 16, 2020 8:55am
Almost weekend... I'm satisfied with my results this week. I thought I would never get this many pips together because of the little margin I had at the beginning of the week. But it worked out fine to me.

Attached Image

Time for some homebrewed beer cheers!!
May the Force be with you.
  • #37,675
  • Oct 16, 2020 10:20am Oct 16, 2020 10:20am
Hi guys
Back from LA.My brother's condition is still critical but managed to place him in nursing home since we I and his wife could not do anymore.He needed a dedicated staff.Anyway Thank you for keeping the thread alive.
On another note my country is being attacked by Azerbaijan with help of Turkey and Israel.Situation is dire.We will fight to the end or face another genocide by the Turks.


Through many years of trading one thing I noticed is critical.Pay attention pivots levels where significant S/R are.This can be exploited rather easily example EG 91+ EC 55+ and lot more examples.I have traded basically without yen rather real well since I admit dont have good grasp of yen hence why trade on my weakness rather trade on my strengths.So understand where you are good at which pairs you understand best then focus on them.

green pips
In trading, you have to be defensive and aggressive at the same time
  • #37,676
  • Oct 16, 2020 11:00am Oct 16, 2020 11:00am
Quoting Davit
Through many years of trading one thing I noticed is critical.Pay attention pivots levels where significant S/R are.This can be exploited rather easily example EG 91+ EC 55+ and lot more examples.I have traded basically without yen rather real well since I admit dont have good grasp of yen hence why trade on my weakness rather trade on my strengths.So understand where you are good at which pairs you understand best then focus on them. green pips
What works for me is to also make use of the indi from Nostromo to project the monthly pivotlevels in a chart. Most of the time these levels are strong S/R levels. I use this as a tool where a PRZ might occur.

On the UC chart we saw it at 1.3241 yesterday (MPP); it was on the GU chart at 1.3022 and so on.

And what you say Davit, focus on the pairs you understand best. For me that is EG, EC, GC, GU and UC.
May the Force be with you.
  • #37,677
  • Oct 19, 2020 7:18am Oct 19, 2020 7:18am
Hi Guys
Opportunities for today possible trades

EC short 5520
NU short looking for 6610 or 66
EU short 1750 or below
After Lagarde Euro should deflate due to talk in 25min
Most "safest" is NU short.This should start dropping below 66 heading to 64 next month
below day so far! lot of day left
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In trading, you have to be defensive and aggressive at the same time
  • #37,678
  • Oct 19, 2020 1:37pm Oct 19, 2020 1:37pm
Closed 2n batch of trades on NU
Day over 1300 and still got +trades running
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In trading, you have to be defensive and aggressive at the same time
  • #37,679
  • Oct 19, 2020 1:56pm Oct 19, 2020 1:56pm
My results today:

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I could have had more pips if I had free margin.... I'm waiting for GBP to get stronger than EUR.

Still learning to avoid more than a little drawdown on trades. I'm getting better in it every week. More accuracy in executing trades
May the Force be with you.
  • #37,680
  • Oct 19, 2020 4:39pm Oct 19, 2020 4:39pm
After spread is down on EURAUD first short is on the way!
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