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Pivot Trading

  • #37,681
  • Oct 19, 2020 5:33pm Oct 19, 2020 5:33pm
RBA minutes coming out right away several patterns on AUD it has been beaten down pretty good, perhaps some opportunities here.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #37,682
  • Oct 21, 2020 9:05am Oct 21, 2020 9:05am
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  • #37,683
  • Oct 21, 2020 10:56am Oct 21, 2020 10:56am
EUR-AUD Closed ....
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"The freedom of the other extends mine to infinity"
  • #37,684
  • Oct 21, 2020 11:43am Oct 21, 2020 11:43am
Hi guys look into GC great great spot to short
In trading, you have to be defensive and aggressive at the same time
  • #37,685
  • Edited 12:25pm Oct 21, 2020 11:53am | Edited 12:25pm
Quoting rupasi
{image}{image}
Thank you rupasi and Westleyaso - No Doubt EA was hot currency today. The PPE apparenlty lined-up nicely with Davit's brilliant teachings here.

Made EA +480 Pips over the last 24 hrs.

ECB President's Speech my have been Dovish yet the EA was way OB in the R138-R61 zone areas anyway.

Cheers,
John

PS: Thanks Davit for all your freely shared teachings here !
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #37,686
  • Oct 21, 2020 12:01pm Oct 21, 2020 12:01pm
Just to refresh you guys pay attention to daily ADR makes it easier to spot OB OS pairs and combine with pivots creates very accurate trade opportunities.
Example below and many others.Dont be afraid of volatility rather get excited because it creates opportunities.
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In trading, you have to be defensive and aggressive at the same time
  • #37,687
  • Edited 10:56am Oct 22, 2020 12:58am | Edited 10:56am
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We obey the structure that results from the market's reaction
  • #37,688
  • Oct 22, 2020 2:12am Oct 22, 2020 2:12am
Hey Fellow Pivoters,

Looks like EU and GC are active in anticipation of the upcoming News are southbound off PVT R61-R100 !

Go for it !

- John
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #37,689
  • Oct 22, 2020 8:03am Oct 22, 2020 8:03am
Quoting Egbert
{image} {image}
Your buy UC is low probability trade.Please be aware of overall sentiment.US election coming and market does not like uncertainty
Better trade was GC EC EA shorts
In trading, you have to be defensive and aggressive at the same time
  • #37,690
  • Oct 22, 2020 8:06am Oct 22, 2020 8:06am
Didn't have enough leverage to place the number of trades I wanted here but still green. Cheers! Thanks Davit
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  • #37,691
  • Oct 22, 2020 8:16am Oct 22, 2020 8:16am
One of my rules is when USD is uncertain and wobbly no clear direction LOOK FOR NONE USD TRADES.In fact 90% of my trades are none USD
Crosses such as EA EN EC EG (one of my faves)GC AC NC are solid choices
you only need few batches of trades to hit your profit goals!
Refresher
How to maximize on swing.Example
GC you got in at 7280 and 72 got out.Wait for a bounce then reload get out wait for a bounce reload.Until trade no longer high probability.Its not about how many pairs but how effective you are on 1
In trading, you have to be defensive and aggressive at the same time
  • #37,692
  • Oct 22, 2020 8:20am Oct 22, 2020 8:20am
Quoting Davit
One of my rules is when USD is uncertain and wobbly no clear direction LOOK FOR NONE USD TRADES.In fact 90% of my trades are none USD Crosses such as EA EN EC GC AC NC are solid choices you only need few batches of trades to hit your profit goals!
I agree 100% Davit. Actually learned to stay away for USD from you. EURAUD, EURCAD,EURGBP,GBPAUD,GBPCAD,AUDCAD,NZDCAD and AUDNZD make up the majority of my trades as well. They simply behave and respect pivots much better than other instruments.
  • #37,693
  • Oct 22, 2020 8:24am Oct 22, 2020 8:24am
Quoting pipmaster77
{quote} I agree 100% Davit. Actually learned to stay away for USD from you. EURAUD, EURCAD,EURGBP,GBPAUD,GBPCAD,AUDCAD,NZDCAD and AUDNZD make up the majority of my trades as well. They simply behave and respect pivots much better than other instruments.
Glad you are doing well!
Lots of key data on Euro tomorrow after Euro should decline even more specially on crosses.Having awareness of events is key component of successful trading.
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In trading, you have to be defensive and aggressive at the same time
  • #37,694
  • Oct 22, 2020 10:19am Oct 22, 2020 10:19am
Closed EAvery likely to hit again on a bounce
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In trading, you have to be defensive and aggressive at the same time
  • #37,695
  • Oct 22, 2020 10:21am Oct 22, 2020 10:21am
Watch NU to short setting up nicely
In trading, you have to be defensive and aggressive at the same time
  • #37,696
  • Oct 22, 2020 10:27am Oct 22, 2020 10:27am
Looking possible bounce to 6640 on EA then another short below 66
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In trading, you have to be defensive and aggressive at the same time
  • #37,697
  • Oct 22, 2020 10:49am Oct 22, 2020 10:49am
I am bearish on NZD overall.Should drop 64 maybe after US election.
Worth reading
https://www.dailyfx.com/forex/market...ion-Data-.html
GC EC EU still running added NU short
In trading, you have to be defensive and aggressive at the same time
  • #37,698
  • Oct 22, 2020 10:52am Oct 22, 2020 10:52am
Quoting Davit
{quote} Your buy UC is low probability trade.Please be aware of overall sentiment.US election coming and market does not like uncertainty Better trade was GC EC EA shorts
Egbert, Why he buy UC, There is no Pivot Here
MA provides the market's current direction and strength.
  • #37,699
  • Oct 22, 2020 10:57am Oct 22, 2020 10:57am
Quoting Davit
Looking possible bounce to 6640 on EA then another short below 66 {image}
EA, I am already in sell,
MA provides the market's current direction and strength.
  • #37,700
  • Oct 22, 2020 10:59am Oct 22, 2020 10:59am
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We obey the structure that results from the market's reaction
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