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Pivot Trading

  • #40,041
  • Nov 11, 2021 12:44am Nov 11, 2021 12:44am
The last one is just to add. The US Dollar, ratio spread, and difference between both currencies.
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  • #40,042
  • Edited 1:07am Nov 11, 2021 12:53am | Edited 1:07am
Maybe one of the better trades coming for 2022. But wouldn't suggest trading unless you have before. Also carries a negative carry of 3.6 or so annually.
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  • #40,043
  • Nov 11, 2021 12:56am Nov 11, 2021 12:56am
More relevant chart for here.

Happy trading all.
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  • #40,044
  • Edited 1:21am Nov 11, 2021 1:00am | Edited 1:21am
Last one. Global inflation rates... don't know how Fed gets around this. You might as well forget about the bottom 4.

Then add G20 interest rates per country.

Gold breakout also suggests they do not buy Transitory from fed on inflation anymore.
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  • #40,045
  • Nov 11, 2021 8:55am Nov 11, 2021 8:55am
Hi guys because of holiday today liquidity is low so lot of range.Well great for scalping
In trading, you have to be defensive and aggressive at the same time
  • #40,046
  • Nov 11, 2021 6:40pm Nov 11, 2021 6:40pm
Hi guys because of holiday today liquidity is low so lot of range.Well great for scalping

WOW !!!!! Talk about a move North for the USD/CAD !!!!!!
Too bad for me, I GOT STUNG PRETTY DARN GOOD while I was asleep !!!!!
I was short this pair at 1.2469 !!!
ABSOLUTE STUPIDITY ON MY PART BY NOT CONSIDERING THE LOW LIQUIDITY DUE TO THE HOLIDAY.
I had already booked a 5.5% gain on my account early Wednesday morning !!!!!!
I knew that OIL was declining , but , far more significant was the low liquidity/large range of the Holiday.
Despite oil declining , chart had started to retreat South of R38 , 1.2475
Went to bed since my profit margin was very tight. BAD MOVE !!!! ".....anything can happen in Forex...."
Folks , as DAVIT pointed out so accurately the market conditions that unfolded were fantastic IF you were on the right side.
I FORGOT ABOUT THIS VERY IMPORTANT KEY TO TRADING FOREX. Can't believe that I forgot about this , but , I did.
LESSON TO SELF:: "....don't forget about what can happen to PA on HOLIDAYS !!!!" I only use mental stops , always.
Hope this helps someone ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #40,047
  • Nov 11, 2021 9:21pm Nov 11, 2021 9:21pm
Quoting GreenEarth
Hi guys because of holiday today liquidity is low so lot of range.Well great for scalping WOW !!!!! Talk about a move North for the USD/CAD !!!!!! Too bad for me, I GOT STUNG PRETTY DARN GOOD while I was asleep !!!!! I was short this pair at 1.2469 !!! ABSOLUTE STUPIDITY ON MY PART BY NOT CONSIDERING THE LOW LIQUIDITY DUE TO THE HOLIDAY. I had already booked a 5.5% gain on my account early Wednesday morning !!!!!! I knew that OIL was declining , but , far more significant was the low liquidity/large range of the Holiday. Despite oil declining ,...
Hi GE
Glad you are back!
As I shared many times I trade certain pairs 1 direction only UC buy only because of potential break out and that was same on EC and GC
Hope you recover some on UC.Good chance drops Friday due to profit taking.
regards
In trading, you have to be defensive and aggressive at the same time
  • #40,048
  • Nov 11, 2021 9:49pm Nov 11, 2021 9:49pm
Scalp...
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"The freedom of the other extends mine to infinity"
  • #40,049
  • Nov 11, 2021 10:54pm Nov 11, 2021 10:54pm
Sir I want indicator can any body help
Mtf candle with stochastic alert

Month candle : Up (Green)
Weekly candle : Up (Green)
Daily candle :Up (Green)
4 Hours candle :Up (Green)5
5 Minutes : stochastic 14,3,3 is Below 20

I want indicator BUY alert When 4 mtf candle in Up side and 5Min stochastic below 20

Indicator sell alert when 4 mtf candle in down side and 5 Min stochastic above 80
Can any body create indicator with alert ?
please Help me.
Thank you

  • #40,050
  • Nov 12, 2021 2:46am Nov 12, 2021 2:46am
Quoting Davit
{quote} Hi GE Glad you are back! As I shared many times I trade certain pairs 1 direction only UC buy only because of potential break out and that was same on EC and GC Hope you recover some on UC.Good chance drops Friday due to profit taking. regards
Always here Davit , thank you.
Checking in and out.
I really like your advice on trading the UC in one direction only , thank you.
With everything you've taught me I still can't believe that I never even gave the low liquidity a single thought due to the Holiday !!! A stupid mistake that I am really miffed at myself. Ugh !!!
Oh well , carry on.
Folks , this is THE BEST TRADING THREAD ON THE WEB !!! DAVIT has created a remarkable educational trading forum. If you can't make money trading on this thread , with all of the information available to us (over 2000 pages !!!!!) , following DAVIT'S SYSTEM , then imo , you didn't really absorb the content of the 2000 pages , so re-read them TWICE !!!! DO NOT TRY TO TWEAK DAVIT'S SYSTEM , if you do , you do so at your own peril. PA +Fundamentals =$ucce$$.
Yes , I made a very stupid error , but , with DAVIT's SYSTEM , I'll recover that loss within a month.
Stick with this system , don't rush , you will thank yourself for it !!!
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #40,051
  • Nov 12, 2021 7:47am Nov 12, 2021 7:47am
If there is any corrections on USD most likely after 10am Consumer confidence
In trading, you have to be defensive and aggressive at the same time
  • #40,052
  • Edited 8:44am Nov 12, 2021 8:23am | Edited 8:44am
week results so far
Not my best but green is always preferred color
Challenging week overall.
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In trading, you have to be defensive and aggressive at the same time
  • #40,053
  • Nov 13, 2021 6:24am Nov 13, 2021 6:24am
Have been some time...
Not posting much due to overload on work and I have been busy with house construction.

Week results
Great week with lots of opportunities.
Only picking A+ setups, not aiming for lots of pips, but going in with bigger lots.
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I also have been trading EG on a separate account, this pair rarely runaway from you, have low ADR and range a lot, and seems to fit well with PPE.
I like trading it.
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Former R61 here!

New week, new opportunities! Green pips to all!
"In the end you only trade yourself."
  • #40,054
  • Nov 13, 2021 6:55am Nov 13, 2021 6:55am
Quoting Tiago_RS5
Have been some time... Not posting much due to overload on work and I have been busy with house construction. Week results Great week with lots of opportunities. Only picking A+ setups, not aiming for lots of pips, but going in with bigger lots. {image}I also have been trading EG on a separate account, this pair rarely runaway from you, have low ADR and range a lot, and seems to fit well with PPE. I like trading it. {image}Former R61 here! New week, new...
Outstanding results! Was wondering about you and name change explains it

Want to share this.

When trading a system that has real edge Pivot trading you will only become better and better by honing your skills.Don't gave up every good system requires time investment and practice makes better.
Below What I made in 1 month in the past .Real account have not traded demo in 10yrs.Just for inspiration and I am proud of it!
20k in a month.Post is not about boasting ego its about what is possible trading Pivots
https://www.forexfactory.com/thread/...2#post12590952
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In trading, you have to be defensive and aggressive at the same time
  • #40,055
  • Nov 13, 2021 12:44pm Nov 13, 2021 12:44pm
If those last two posts from Davit and Tiago don't motivate you to become a better trader, i dont know what will. Such an insane money making strategy. Good work from everyone! lets get these pips next week
Hard Work, Dedication and Faith
  • #40,056
  • Nov 13, 2021 1:10pm Nov 13, 2021 1:10pm
Hi Pivoters
I should not mention again going over the calendar events is required.Its part of this system.Ignorance about events is not an edge.

GBP may get some boast.GU could get 3450-80 area or even 35.I am tracking this along others.Goes without saying market leads we follow.

One aspect of Pivots that I love unlike lagging indicators like Oscillators, MA's, Pivots are leading indicator.Its there all week!
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In trading, you have to be defensive and aggressive at the same time
  • #40,057
  • Nov 13, 2021 1:34pm Nov 13, 2021 1:34pm
Quoting Davit
{quote} Outstanding results! Was wondering about you and name change explains it Want to share this. When trading a system that has real edge Pivot trading you will only become better and better by honing your skills.Don't gave up every good system requires time investment and practice makes better. Below What I made in 1 month in the past .Real account have not traded demo in 10yrs.Just for inspiration and I am proud of it! 20k in a month.Post is not about boasting ego its about what is possible trading Pivots...
Great Oct Month Davit, especially on the EN. Thumbs up buddy.
  • #40,058
  • Nov 14, 2021 9:08am Nov 14, 2021 9:08am
Current ADR values,
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We obey the structure that results from the market's reaction
  • #40,059
  • Edited Nov 15, 2021 8:48am Nov 14, 2021 9:31am | Edited Nov 15, 2021 8:48am
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  • #40,060
  • Edited Nov 15, 2021 8:48am Nov 14, 2021 10:28am | Edited Nov 15, 2021 8:48am
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