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Pivot Trading

  • #39,981
  • Nov 4, 2021 6:50pm Nov 4, 2021 6:50pm
Quoting Montrose
Nobody took shorts gbpcad? Trying to figure out why only longs here.{image}
GC has been oversold for a while and ranging in the support pivot levels. Wouldn't make sense to short it as it has a higher probability of shooting north due to technicals and fundamentals of the pair. However, with that said BOE was dovish so it went south some more. Thats trading though but probabilities are where the money is at
Hard Work, Dedication and Faith
  • #39,982
  • Nov 4, 2021 10:00pm Nov 4, 2021 10:00pm
Quoting Montrose
Nobody took shorts gbpcad? Trying to figure out why only longs here.{image}
It's against the rules to take short @ S61 - S100.
That's how the pivot systems works
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #39,983
  • Nov 5, 2021 1:31am Nov 5, 2021 1:31am
Yeay... reach page 2K
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #39,984
  • Nov 5, 2021 1:41am Nov 5, 2021 1:41am
AN bounce from S100 and start having bullish PA now on the S61 zone, time to go north right?
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  • #39,985
  • Edited 6:37am Nov 5, 2021 6:06am | Edited 6:37am
Long GBP/CAD @1.6757 looking for 1.68 to 1.6835. Note: CAD news later on and USD correlation with CAD (NFP)
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  • #39,986
  • Nov 5, 2021 6:58am Nov 5, 2021 6:58am
Crude dropping
meanwhile from major Market manipulator says basically buy CAD (means they are selling)
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In trading, you have to be defensive and aggressive at the same time
  • #39,987
  • Nov 5, 2021 7:19am Nov 5, 2021 7:19am
Wont be surprised USD takes a punch today.Looks like its priced in whatever NFP prints
Serious selling of GBP is overkill
Its like kicking a dead horse over and over for days none stop.Overall UK is doing much better then Euro block
In trading, you have to be defensive and aggressive at the same time
  • #39,988
  • Nov 5, 2021 9:27am Nov 5, 2021 9:27am
Will re-enter if I see high probability setups again, but for now this is it for the day
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Hard Work, Dedication and Faith
  • #39,989
  • Nov 5, 2021 1:00pm Nov 5, 2021 1:00pm
Took a loss on GU
Overall positive week
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In trading, you have to be defensive and aggressive at the same time
  • #39,990
  • Nov 6, 2021 2:36am Nov 6, 2021 2:36am
Quoting Davit
Took a loss on GU Overall positive week {image}
Nice trading buddy. you did well selling the CAD
  • #39,991
  • Nov 6, 2021 2:49am Nov 6, 2021 2:49am
Quoting Davit
Wont be surprised USD takes a punch today.Looks like its priced in whatever NFP prints Serious selling of GBP is overkill Its like kicking a dead horse over and over for days none stop.Overall UK is doing much better then Euro block
Looks like they have passed the infrastructure bill. I'm big in Uranium stocks and there's a lot in there for that. Also, Rare earth will be a big winner and also a lot tied up in battery metals such as nickel.

Other winners I see are metals that relate to highway upgrades, all power grid systems including Nuclear, railways, and power grids. So! steel, aluminum, and copper. Look for a reaction in the commodity currencies next week to see how they react.

This is a lot of money pushed to infrastructure but when you think china is going to spend 450 million on 150 new nuclear plants (more than the rest of the world) over the next 10 years! doesn't seem that big.
  • #39,992
  • Nov 6, 2021 7:31am Nov 6, 2021 7:31am
Quoting Hutch
{quote} Don't knock it my friend I haven't traded for over a month because of that nasty covid and my health is about 40% down. Well ... it's life!
Hi Hutch
I wish you quick recovery! Do whatever it takes to strengthen your immune system!
In trading, you have to be defensive and aggressive at the same time
  • #39,993
  • Nov 6, 2021 7:32am Nov 6, 2021 7:32am
Quoting squawk
{quote} Looks like they have passed the infrastructure bill. I'm big in Uranium stocks and there's a lot in there for that. Also, Rare earth will be a big winner and also a lot tied up in battery metals such as nickel. Other winners I see are metals that relate to highway upgrades, all power grid systems including Nuclear, railways, and power grids. So! steel, aluminum, and copper. Look for a reaction in the commodity currencies next week to see how they react. This is a lot of money pushed to infrastructure but when you think china is going to...
Great post buddy! I wonder if Aussie dollar gets some love next week because of this...We'll see AN looks oversold.
regards
In trading, you have to be defensive and aggressive at the same time
  • #39,994
  • Nov 6, 2021 7:34am Nov 6, 2021 7:34am
Hi guys once again dont rely FF calendar.To me its unreliable.
Instead go here
https://www.dailyfx.com/economic-cal...ext-seven-days

Notice Red event is yellow at FF
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In trading, you have to be defensive and aggressive at the same time
  • #39,995
  • Nov 6, 2021 7:38am Nov 6, 2021 7:38am
AUD may get some love next week

Looking at EA drop AN north 400+
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In trading, you have to be defensive and aggressive at the same time
  • #39,996
  • Edited 3:02pm Nov 6, 2021 2:18pm | Edited 3:02pm
.
  • #39,997
  • Nov 6, 2021 11:16pm Nov 6, 2021 11:16pm
Hi, I am using a Mac, so I could not download the file. could anyone tell me what's the setting of the TDI? tks
  • #39,998
  • Nov 7, 2021 2:03am Nov 7, 2021 2:03am
Quoting Davit
{quote} Great post buddy! I wonder if Aussie dollar gets some love next week because of this...We'll see AN looks oversold. regards
I'm watching not sure yet. Have a small position but is also highly likely to push down to 102 ish area. Interesting to see what that infrastructure bill doe to market Monday. Either way, we seem to be moving into another commodities boom or supercycle.
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  • #39,999
  • Edited 8:54pm Nov 7, 2021 2:05am | Edited 8:54pm
Quoting Davit
Crude dropping meanwhile from major Market manipulator says basically buy CAD (means they are selling) {image} {image}
I'm Keeping an eye on Crude. I still think it's running to at least $90 chart also seems to suggest. I think I posted my chart here before.

This was from yesterday.
BREAKING NEWS: SAUDI ARAMCO RAISES THE OFFICIAL SELLING PRICE OF ALL SAUDI ARABIA CRUDE TO ALL BUYERS... INCREASES PRICING FOR ITS KEY LIGHT GRADE OF CRUDE FOR ASIAN CUSTOMERS IN DECEMBER BY $1.40 TO $2.70.

That's quite a rise and OPEC basically telling the US to get stuffed.
  • #40,000
  • Edited 5:19am Nov 8, 2021 3:19am | Edited 5:19am
Hi everyone, like Davit mentioned many times we can find the weekly pivot analogies with harmonics too. I manually backtest the weekly pivot and the classic harmonic figure most of the times is an additional confirm of the price reaction at certain level of S/R Pivot. This is an example of react on 38 level and pattern harmonic finished.
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