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Pivot Trading

  • #42,821
  • Mar 31, 2023 8:38am Mar 31, 2023 8:38am
nittohanns - watch the DD :-) this week I did it

This week was great and I am very satisfied

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Month MARCH - result

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Have a nice weekend everyone

It's not a dream. Chipsa is real!
  • #42,822
  • Mar 31, 2023 8:41am Mar 31, 2023 8:41am
Quoting John Chipsa
watch the DD :-) this week I did it
congrats, keep it up!
Muni loves you all!
  • #42,823
  • Mar 31, 2023 8:59am Mar 31, 2023 8:59am
Quoting John Chipsa
nittohanns - watch the DD :-) this week I did it This week was great and I am very satisfied {image} Month MARCH - result {image} Have a nice weekend everyone
Awesome job!
In trading, you have to be defensive and aggressive at the same time
  • #42,824
  • Mar 31, 2023 9:01am Mar 31, 2023 9:01am
Quoting John Chipsa
nittohanns - watch the DD :-) this week I did it This week was great and I am very satisfied {image} Month MARCH - result {image} Have a nice weekend everyone
Great work John
Successful trading is intrinsic to risk management and discipline
  • #42,825
  • Mar 31, 2023 9:02am Mar 31, 2023 9:02am
Quoting John Chipsa
nittohanns - watch the DD :-) this week I did it This week was great and I am very satisfied {image} Month MARCH - result {image} Have a nice weekend everyone
Haha your DD is better than mine this week!
Successful trading is intrinsic to risk management and discipline
  • #42,826
  • Mar 31, 2023 9:12am Mar 31, 2023 9:12am
Quoting John Chipsa
nittohanns - watch the DD :-) this week I did it This week was great and I am very satisfied {image} Month MARCH - result {image} Have a nice weekend everyone
Awesome trading! Well done
  • #42,827
  • Mar 31, 2023 9:23am Mar 31, 2023 9:23am
That's me for the week
Have a great weekend all.
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Successful trading is intrinsic to risk management and discipline
  • #42,828
  • Mar 31, 2023 10:17am Mar 31, 2023 10:17am
Keep in mind NZD rate next Tues
I am letting EN shorts over the weekend.No harm collect free swap
Euro has been ANNOYINGLY stubborn to fall but she will
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In trading, you have to be defensive and aggressive at the same time
  • #42,829
  • Apr 1, 2023 1:56am Apr 1, 2023 1:56am
Some of the trades I'm watching into the week ahead.

EA & GA- Short - PB on the daily chart and at a level of resistance on the weekly chart.
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EJ - Short - Monthly chart looks interesting, price is at a historic high at resistance. There is also a bearish/engulfing hanging man candle possibly indicating a reversal.
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Watching gold and silver out of interest really, gold seems to be struggling/price consolidating at 2000. I don't really like selling either

AN - Long - However, will probably stay out as we have a AUD/NZD rate decision on Tuesday/Wednesday

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Successful trading is intrinsic to risk management and discipline
  • #42,830
  • Apr 1, 2023 2:08am Apr 1, 2023 2:08am
Quoting nittohanns
Some of the trades I'm watching into the week ahead. EA & GA- Short - PB on the daily chart and at a level of resistance on the weekly chart. {image} EJ - Short - Monthly chart looks interesting, price is at a historic high at resistance. There is also a bearish/engulfing hanging man candle possibly indicating a reversal. {image} Watching gold and silver out of interest really, gold seems to be struggling/price consolidating at 2000. I don't really like selling either AN - Long - However, will probably stay out as we have a AUD/NZD rate decision...
Potentially quite a quiet week news wise for EUR & GBP. I don't see much happening in the calendar for either which may dramatically impact.
A few red items for the USD including non-farm on Wednesday and CAD employment on Thursday. Green pips to all!
Successful trading is intrinsic to risk management and discipline
  • #42,831
  • Apr 1, 2023 6:16am Apr 1, 2023 6:16am
Hi, can someone send me davit indicator files in ex4 format?
I downloaded the mq4 file to my computer and then converted it to ex4 but all failed, maybe because the mq4 file was programmed on an old version of MT4, so I couldn't convert it to ex4.
Thank you
  • #42,832
  • Apr 1, 2023 6:25am Apr 1, 2023 6:25am
Quoting Tuatuanlq
Hi, can someone send me davit indicator files in ex4 format? I downloaded the mq4 file to my computer and then converted it to ex4 but all failed, maybe because the mq4 file was programmed on an old version of MT4, so I couldn't convert it to ex4. Thank you
I think MT4 makes Ex4 files automatically.It converts Mq4 into Ex4.You dont need to convert anything
In trading, you have to be defensive and aggressive at the same time
  • #42,833
  • Apr 1, 2023 7:05am Apr 1, 2023 7:05am
1st week of April

Big Picture
Feds .25rate hike was less then expected and economy is already showing signs of slowing down.Good place to look is automotive sales.Vehicles are not being bought now.Dealers are seating 5-8 months of productions and it will get worse.People are nervous not buying big ticket items however house and car industry creates millions of jobs when these slow down it creates domino effect.I anticipate NFP to be red hence less incentive for Feds to push further hikes.In my view USD will continue to decline.

Monday 3rd

Euro PMi's-Ukraine war still raging on and energy cost still high which has negative impact on economies.I anticipate red overall.
Notes ( Possible trades on Euro crosses.EJ still high)

USD-ISM Manufacturing PMI--Red here may continue corrections on majors
(will focus on crosses unless something dramatic happens on majors)

Tues 4th

AUD cash rate- forecast 3.85
(track how EA doing anything 62.80+may trigger short trades)

USD-JOLTS Job Openings forecast is slightly red.
(will monitor how PA moves)

NZD cash rate 5% Forecast
( I am very focused on EN should MM push it to 75 most likely will short larger then normal lots.I anticipate crash dumping of Euro 70 or 69 not ruling out)

Weds 5th

USD-ADP Non-Farm Employment Change-Forecast red
(will monitor PA)
ISM Services PMI Forecast red
(will monitor PA)

Thurs 6th

CAD Employment Change and rate
( Red may trigger 35 north to maybe 3750. To me 37+ is sell zone)
USD Unemployment Claims
(will monitor PA)

Friday 7th
USD-NFP Forecast Red
(will monitor PA should anything worth trading)

Have fun do your diligence to get ready!To make
In trading, you have to be defensive and aggressive at the same time
  • #42,834
  • Apr 1, 2023 7:16am Apr 1, 2023 7:16am
Some insight
I read lot of trading books and most say dont set profit targets because nature of trading one month high another low etc.
To me this is BS you must set profit goal targets and work towards achieving it.Mind is a remarkable organ what you think or not think manifests.Motivation is key.Every athlete has goals every achievement is a measure of successful goal posts reached.

I suggest go to Forex Compound calculator many on line
Set your monthly % goal 10 15 20 whatever it is you think you can achieve and try reaching it.

I am on 4th month already achieved what my 6th month target is 2months ahead.Its my challenge to reach ahead of schedule.
Your goals may differ but do have them!
In trading, you have to be defensive and aggressive at the same time
  • #42,835
  • Apr 2, 2023 10:02am Apr 2, 2023 10:02am
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We obey the structure that results from the market's reaction
  • #42,836
  • Apr 2, 2023 9:13pm Apr 2, 2023 9:13pm
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We obey the structure that results from the market's reaction
  • #42,837
  • Edited 12:59am Apr 3, 2023 12:45am | Edited 12:59am
Monday morning.
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buying tops / selling bottoms
  • #42,838
  • Apr 3, 2023 1:56am Apr 3, 2023 1:56am
Need to hold trades longer, bought last night and closed this morning in profit but still going up!
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Successful trading is intrinsic to risk management and discipline
  • #42,839
  • Apr 3, 2023 3:26am Apr 3, 2023 3:26am
Quoting voty
Monday morning. {image} {image} {image}{image} {image}
Closed all five in profit.
buying tops / selling bottoms
  • #42,840
  • Apr 3, 2023 4:29am Apr 3, 2023 4:29am
AN short
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buying tops / selling bottoms
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