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Pivot Trading

  • #39,421
  • Sep 27, 2021 7:16am Sep 27, 2021 7:16am
Looking to load shorts on CJ
Aiming for 20-25 pips target.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH4.png Size: 48 KB
AC also on watchlist.
"In the end you only trade yourself."
  • #39,422
  • Sep 27, 2021 7:22am Sep 27, 2021 7:22am
Quoting R61
Looking to load shorts on CJ Aiming for 20-25 pips target. {image}AC also on watchlist.
May work if only UJ drops
Trading JPY pairs is actually trading UJ its the queen
still room going north
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYDaily.png Size: 58 KB
In trading, you have to be defensive and aggressive at the same time
  • #39,423
  • Sep 27, 2021 7:37am Sep 27, 2021 7:37am
interesting divergence between crude and CAD
Despite of Crude shooting 7550+CAD has not gained.Makes me think CAD dumping is coming may not happen today but near.
In trading, you have to be defensive and aggressive at the same time
  • #39,424
  • Sep 27, 2021 7:47am Sep 27, 2021 7:47am
If you tell a 2yr old.Is pink line going up from left to right I am sure answer will be YES
That's the big picture
Pivots can be traded with trend or against.Its on my 1st page.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 48 KB
In trading, you have to be defensive and aggressive at the same time
  • #39,425
  • Edited Sep 28, 2021 2:55am Sep 27, 2021 1:30pm | Edited Sep 28, 2021 2:55am
Quoting Davit
interesting divergence between crude and CAD Despite of Crude shooting 7550+CAD has not gained.Makes me think CAD dumping is coming may not happen today but near.
I'm in DD on CJ after an impatient entry from end of last week. I'm kicking my self as I need to learn even more patience and stick to my rules. I still have a good amount of margin so will average in at the right time.
  • #39,426
  • Sep 27, 2021 1:44pm Sep 27, 2021 1:44pm
Still in my AN trade from last week

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDM15.png Size: 63 KB
  • #39,427
  • Sep 27, 2021 1:46pm Sep 27, 2021 1:46pm
Quoting nigpig
{quote} I'm in DD on CJ after an impatient entry from end of last week. I'm kicking my self as I need to learn even more patients and stick to my rules. I still have a good amount of margin so will average in at the right time.
I had the same problem for a while thinking i am going to miss out but i now wait it out for the best price
  • #39,428
  • Sep 27, 2021 1:53pm Sep 27, 2021 1:53pm
I am Selling UJ and buying EU atm

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 61 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 59 KB
  • #39,429
  • Sep 27, 2021 2:15pm Sep 27, 2021 2:15pm
CAD pairs seem to be shaping up nicely from the looks of things
  • #39,430
  • Sep 27, 2021 2:40pm Sep 27, 2021 2:40pm
Quoting Wags
CAD pairs seem to be shaping up nicely from the looks of things
I think oil is in the area where it should correct. cad is there and should go down.
the highest point comes before the fall
  • #39,431
  • Sep 27, 2021 4:13pm Sep 27, 2021 4:13pm
Hi guys
I get lot of requests for low impact members to post and could not because of yellow and higher restriction.
Decided to lift it and anyone can post now.
Having said above wont be happy with total virgin trader here this is not rookie thread.
In trading, you have to be defensive and aggressive at the same time
  • #39,432
  • Sep 27, 2021 4:16pm Sep 27, 2021 4:16pm
CAD GDP is Friday Oct 1st.Very likely CAD is getting pumped for later drop.Week did not start well for me.Have some DD on CAD
-25pips on UC manageable but still DD is DD
EC is also on the red.This one I have less concern.
In trading, you have to be defensive and aggressive at the same time
  • #39,433
  • Sep 27, 2021 4:22pm Sep 27, 2021 4:22pm
Hey Davit, first of all thank you for sharing this strategy, I am 50 pages into the thread and it is looking good.

I opened a short today on USDJPY R38 based off the bearish engulfing candle (marked with yellow vertical line), no stop loss, looks good to me, hopefully it works out tomorrow.

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 270 KB
  • #39,434
  • Sep 27, 2021 7:44pm Sep 27, 2021 7:44pm
Quoting Davit
Hi guys I get lot of requests for low impact members to post and could not because of yellow and higher restriction. Decided to lift it and anyone can post now. Having said above wont be happy with total virgin trader here this is not rookie thread.
Thanks a million for lifting the posting restriction Davit!

I discovered the thread a couple weeks ago and have been very happy with the modest success that I have had with it thus far.

With reference to your post to R61 about UJ being the queen for JPY pairs I want to say thanks again. I backed out of the CJ sells at 87.619 for a small loss based on your advice. Now working on whittling down the selection of pairs to just a few key ones.

Cheers!
FD
  • #39,435
  • Sep 27, 2021 7:54pm Sep 27, 2021 7:54pm
Quoting Davit
CAD GDP is Friday Oct 1st.Very likely CAD is getting pumped for later drop.Week did not start well for me.Have some DD on CAD -25pips on UC manageable but still DD is DD EC is also on the red.This one I have less concern.
You changed your pic from the golden ratio to this fellow. Who is this? I am sure it has some meaning.
If you are good at something, never do it for free--Joker
  • #39,436
  • Edited Sep 28, 2021 1:55am Sep 27, 2021 8:36pm | Edited Sep 28, 2021 1:55am
.
  • #39,437
  • Sep 27, 2021 9:47pm Sep 27, 2021 9:47pm
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDM30.png Size: 83 KB

Dipped in to AN for a few buys...
FD
  • #39,438
  • Sep 28, 2021 12:10am Sep 28, 2021 12:10am
Selling UJ - Touched R61and Monthly High
Trading is about earning money while preserving capital.
  • #39,439
  • Sep 28, 2021 12:46am Sep 28, 2021 12:46am
Quoting jmn5611
{quote} You changed your pic from the golden ratio to this fellow. Who is this? I am sure it has some meaning.
Hi Jim
Its Henry Miller who most influenced my life from all the authors I read and I am a book worm...
must read Tropic of Cancer,The Rosy Crucifixion, Crazy Cock and my favorite his essays Stand Still Like the Hummingbird
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #39,440
  • Sep 28, 2021 1:13am Sep 28, 2021 1:13am
Quoting lykanhs88
Currently sell now AUDNZD reached ADR and 0.786 got rejection there {image}
Watching this one as well, haven't pulled the trigger yet though, waiting for a better signal plus I am in the red with USDJPY at the moment so don't wanna overextend.

Actually I am thinking of adding positions to USDJPY but will wait a bit.
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