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Pivot Scalping with DrForexMD

  • #121
  • Nov 17, 2020 3:22pm Nov 17, 2020 3:22pm
Quoting Coffeebuff
ARE the AU and NU. going to be a healthy shorts and take various crosses with them ??????, good day to be at my screens, a thunder storm outside DJN
Hi Coffeebuff,

I wish I had a crystal ball to let me know where any currency PA will actually go to until it starts showing Momentum in a new direction around the time of Calendar Events !

And, Forex IS NOT SAFE. All the best you can do is have a good plan with an "Edge" to increase your chances of Profiting more than Losing trades over time !

Please review the Summary Files I uploaded here. Then, pose a question based on the knowledge you have read about and studied.

It seems that this Thread may be too advanced for you. If so, than keep reading, practicing and gain experience - preferable on a Demo account for at least 6 months.

I say this as an FF friend and not to be rude at all.

Best Regards,
DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #122
  • Nov 17, 2020 4:23pm Nov 17, 2020 4:23pm
Quoting DrForexMD
{quote} Hi Coffeebuff, I wish I had a crystal ball to let me know where any currency PA will actually go to until it starts showing Momentum in a new direction around the time of Calendar Events ! And, Forex IS NOT SAFE. All the best you can do is have a good plan with an "Edge" to increase your chances of Profiting more than Losing trades over time ! Please review the Summary Files I uploaded here. Then, pose a question based on the knowledge you have read about and studied. It seems that this Thread may be too advanced for you. If so, than keep...
Thanks DJ, I'm not offended, here to learn, calendar events is where it happens ( and they can be none events ), brain food doesn't come much better.

Kind regards,
Coffeebuff
  • #123
  • Nov 17, 2020 11:56pm Nov 17, 2020 11:56pm
Building Shorts Cable/Loonie @ R38. Seems to be holding tough, I am using tight stops as R61 is possible I will re-load there.
"Not all those who wander are lost." - Tolken
  • #124
  • Nov 18, 2020 6:31am Nov 18, 2020 6:31am
G/C Update: While GBP depreciated during Europe against almost every other cross, CAD stayed tightly ranged. This price action gives me pause as we are currently setting new Daily, Weekly, and Monthly highs.
"Not all those who wander are lost." - Tolken
  • #125
  • Nov 18, 2020 8:06am Nov 18, 2020 8:06am
Quoting OpenRoads
G/C Update: While GBP depreciated during Europe against almost every other cross, CAD stayed tightly ranged. This price action gives me pause as we are currently setting new Daily, Weekly, and Monthly highs.
Hi OpenRoads,

And despite great CAD m/m/ Red New, the GC went up. This is why many traders wait 1 hour before and 1 to 2 hours after major News to see the direction the PA is pushed or not pushed by the Banks, Large Investors and Corporations to take out the Retail traders (us).

This strategy is especially important before trading in the "No Man's Land" area or zone near the Pivot weekly level between R/S Fib 38.2 levels !

Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad-h4-fx-choice-limited.png Size: 58 KB


Regards,
DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #126
  • Nov 18, 2020 10:24am Nov 18, 2020 10:24am
Quoting DrForexMD
{quote} Hi OpenRoads, And despite great CAD m/m/ Red New, the GC went up. This is why many traders wait 1 hour before and 1 to 2 hours after major News to see the direction the PA is pushed or not pushed by the Banks, Large Investors and Corporations to take out the Retail traders (us). This strategy is especially important before trading in the "No Man's Land" area or zone near the Pivot weekly level between R/S Fib 38.2 levels ! {image} Regards, DJ
Hey OpenRoads and Fellow Pivoters,

Here we go, 2 hours after the positive Red CAD m/m news, CAD is being bought and southbound.

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So, the wisdom about waiting 1 to 2 hours after major news is key, especially in the fact that CAD is generally slower that other currencies to begin moving or responding to the Major News.

Cheers !
DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #127
  • Nov 18, 2020 5:28pm Nov 18, 2020 5:28pm
G/C Update: Took some profit late in US and re-entered just now +32......1.7324
"Not all those who wander are lost." - Tolken
  • #128
  • Nov 19, 2020 1:36am Nov 19, 2020 1:36am
Hey Doc!

Glad I found your thread! I'm a long time lurker in Davits thread with no posting rights, but as I only found the Pivot system profitable over long term, there was no reason for me to post somewhere else to get "yellow status".

Currently short EU, NU, NC, GC.


Cheers, Luke
You miss 100% of the shots you don't take. W. Gretzky
  • #129
  • Edited 7:55am Nov 19, 2020 3:37am | Edited 7:55am
Quoting EBMMLuke
Hey Doc! Glad I found your thread! I'm a long time lurker in Davits thread with no posting rights, but as I only found the Pivot system profitable over long term, there was no reason for me to post somewhere else to get "yellow status". Currently short EU, NU, NC, GC. Cheers, Luke
Welcome Luke,

I am glad you found this Thread. It has grown already with some excellent Pivot Traders with an interest in Scalping and Swing Pivot Trading.

Thanks for your input and look forward to seeing more of your Posts !

All the Best,
DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #130
  • Edited 8:11am Nov 19, 2020 6:56am | Edited 8:11am
G/C Update: We are right at yesterday's low. Will monitor this area at price action into London Close.

Update: 11:00 est The Figure seems to be sticky, we may get some follow through later. I'm flat +64 last two days or +640 depending how you count. Weekly goal hit with trades earlier in the week. I usually don't trade on Friday unless I am working something longer term. I am going to continue to pick on G/C as I see more down side potential in the days to come. Next week I will add charts to trades.
"Not all those who wander are lost." - Tolken
  • #131
  • Nov 19, 2020 8:09am Nov 19, 2020 8:09am
Quoting OpenRoads
G/C Update: We are right at yesterday's low. Will monitor this area at price action into London Close.
Hi OpenRoads,

I made a few dollars on GC and is active for small scalping trades:

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I am also watching AC again this morning as it is actively moving too:

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Cheers !
DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #132
  • Nov 19, 2020 11:59am Nov 19, 2020 11:59am
Hello Pivoters,

EJ looks active going North during the quiet Asian Session:

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Here is a nice MA Cross Indicator I set at 8 and 21 day EMA on Close:

Attached File(s)
File Type: ex4 MA ribbon filled 2 x 14.ex4   4 KB | 415 downloads
Cheers,
DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #133
  • Nov 19, 2020 2:56pm Nov 19, 2020 2:56pm
Quoting DrForexMD
Hello Pivoters, EJ looks active going North during the quiet Asian Session: {image} {image} Here is a nice MA Cross Indicator I set at 8 and 21 day EMA on Close: {file}Cheers, DJ
EJ is one of my favorites, Years ago when I was first learning to trade I was made to trade it it exclusively for one full year. I hardly do anymore but I still have fond memories of the pair. I don't like it's majors, that's why I don't spend the time.

Sorry- have had a few cocktails. I should stay off the thread and somebody should take my mouse away so I don't try to trade!
"Not all those who wander are lost." - Tolken
  • #134
  • Nov 19, 2020 10:12pm Nov 19, 2020 10:12pm
Quoting OpenRoads
{quote} EJ is one of my favorites, Years ago when I was first learning to trade I was made to trade it it exclusively for one full year. I hardly do anymore but I still have fond memories of the pair. I don't like it's majors, that's why I don't spend the time. Sorry- have had a few cocktails. I should stay off the thread and somebody should take my mouse away so I don't try to trade!
Hey OpenRoads,

Many stay away from the JPY pairs due to the sudden unexpected moves with strange geopolitical responses . Even Davit himself on his Pivot Trading mentioned how he was beginning to stay away from the JPY currency pairs due to the un-understandable nature of their Fundamentals.

However, I did capture I did capture 30.9 Pips on EJ:

Attached Image (click to enlarge)
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But, have a Cocktail for me too...I could use one tonight too !

Regards,
DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #135
  • Nov 19, 2020 10:33pm Nov 19, 2020 10:33pm
Hey Pivoters,

Looks like we may be going South on GU with nearing a recent exhausted or Zone of Resistance and Retail Sales news in 30 minutes followed by ECB President's speech in 100 minutes - both Events likely to be negative as a result of the recent new surge in the worldwide deadly Pandemic and subsequent depressing geopolitics Psycho-social population effects:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-oanda-division1.png Size: 68 KB


Regards,

DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #136
  • Nov 19, 2020 11:04pm Nov 19, 2020 11:04pm
Quoting DrForexMD
Hey Pivoters, Looks like we may be going South on GU with nearing a recent exhausted or Zone of Resistance and Retail Sales news in 30 minutes followed by ECB President's speech in 100 minutes - both Events likely to be negative as a result of the recent new surge in the worldwide deadly Pandemic and subsequent depressing geopolitics Psycho-social population effects: {image} Regards, DJ
Addendum:

As in general, EU, GU and AU frequently move in the same directions and called the "Three Musketeers" as the are "One for all and all for one !". So, like GU, EU and AU are likely to re-bound the relative or Near-Term Zone of Resistance as noted:

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I hope I do not "eat my words" here on the "Three Musketeers" ! Oh well - LOL !

So Cheers !
DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #137
  • Nov 19, 2020 11:56pm Nov 19, 2020 11:56pm
Hi Pivoters,

GBP Sales m/m was "Better Than Expected" but not selling off USD like the other Three Musketeers probably likely that the positive News helped to overcome the Pandemic economics and the negative stalemate or suspended Brexit deal.

Attached Image (click to enlarge)
Click to Enlarge Name: 2020-11-20 0200 EST - GBP Retail Sales Newa.PNG Size: 12 KB


However, EUR and AUD have been buying USD causing a downward direction. In the meantime, GBP was buying up EUR as observed on EG downward direction PA:

Attached Image (click to enlarge)
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Now, EUR and AUD are no Brexit friends and welcome it being held off again - I suppose anyway:

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and
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Stay Green and Safe !
-DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #138
  • Edited 1:13pm Nov 22, 2020 12:50pm | Edited 1:13pm
Sunday 11-22-2020 1545 EST:

Hello Pivoters,

The NZD retail Sales m/m in 60 minutes with Moderate Impact. I am focusing on the Pivot Scaling technical hon the H4 TF to see where the PA goes. From my searching on the NZD economy, there seems to be a positive overall sentiment and the FF Calendar shows this with a major projected Forecast from -14.6% to a 20.0%. My gut feeling is that is this really an overstretch so that my thinking is that this will be negative against the NZD selling it off against other pairs.

Here are my technical Pivot Trading Scalping charts in alphabetical order:

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Interestingly. it looks like all the NZD currencies above are technically set-up to be sold and having been oversold recently. So, I wonder if the Calendar Forecast of the Big Banks were purposely, etc. was made to make sure of a negative News showing a lower NZD Retail Sales !

Attached Image (click to enlarge)
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Good Luck and Stay Safe !
-DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #139
  • Nov 23, 2020 9:05pm Nov 23, 2020 9:05pm
Monday 11-23-2020 2325 EST:

I just opened up an ECN Broker Demo account with FXChoice while waiting for approval for a Live ECN account. The so many advantages of trading with an ECN account is that it by-passes the Market-Makers (MMs) so that your trades are less likely to be manipulated against you. You do have to pay a commission, but the commissions are usually small with the right Broker.

Read the article https://www.fxempire.com/education/a...antages-555137 to learn the about all the advantages of trading using a Broker that offers ECN accounts.

So far, I made 70 Pips this evening testing the ECN Broker acount:

Attached Image (click to enlarge)
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I plan to post my new Charts in the morning.

Stay Green and Safe !

DJ
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #140
  • Nov 23, 2020 10:25pm Nov 23, 2020 10:25pm
EG is at interesting level. Waiting for London open....

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You miss 100% of the shots you don't take. W. Gretzky
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