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Pivot Trading

  • #44,541
  • Jul 16, 2024 3:52am Jul 16, 2024 3:52am
Quoting raskar
{quote} Thank you nittohanns. I am also monitoring EA, EU and NU would you agree?
EA is a possible I suppose, I had noticed this too but preferred EC. EU could be interesting if a lot higher at better resistance pivot. I don't monitor NU but do trade AU and have been shorting that.
Successful trading is intrinsic to risk management and discipline
  • #44,542
  • Jul 16, 2024 6:22pm Jul 16, 2024 6:22pm
It's cool to follow these possibilities that reacted to previous support... NJ seems to be clearer.
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  • #44,543
  • Jul 22, 2024 7:39pm Jul 22, 2024 7:39pm
We are in bear feeding grounds

EA
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GA
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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #44,544
  • Jul 24, 2024 3:24am Jul 24, 2024 3:24am
Quoting emmanuel7788
We are in bear feeding grounds EA {image} GA {image} ...
These levels are indeed in a very strong premium zone for shorts but the market remains in a very strong risk-off environment. In addition to these earning reports, China is also facing thier own issues.
As we all know the AUD is very sensitive to negative sentiments and the EUR often behaves like a safe haven.
The GBP is currently backed by strong positive economic indicators and new highly rated government after the last elections.
The question now is what am I supposed to do under these circumstances. Price is in a confirmed premium zone but the fundamental forces are yet to line up with very obvious strong bear feeding grounds.
Please help a brother guys.
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  • #44,545
  • Jul 24, 2024 4:27am Jul 24, 2024 4:27am
Quoting Apanche
{quote} These levels are indeed in a very strong premium zone for shorts but the market remains in a very strong risk-off environment. In addition to these earning reports, China is also facing thier own issues. As we all know the AUD is very sensitive to negative sentiments and the EUR often behaves like a safe haven. The GBP is currently backed by strong positive economic indicators and new highly rated government after the last elections. The question now is what am I supposed to do under these circumstances. Price is in a confirmed premium zone...
**https://www.poundsterlinglive.com/au...disappointment Falling industrial metal prices linked to disappointing policy developments in China are said to be weighing on the Australian Dollar.**
**"AUD and NZD continue to underperform as sluggish Chinese economic activity weighs on commodity prices. Iron ore future prices plunged overnight to the lowest level since early April and futures on whole milk powder prices are trading near multi-month lows," says Elias Haddad, Senior Markets Strategist at Brown Brothers Harriman.**
Base metals have fallen during the past two weeks, with copper touching $9,122/t and zinc and aluminium also extending losses on July 23. Iron ore has also fallen towards $100/t, with the 62% China index below $104/t.
**Iron ore is a particularly important metal for Australia as it is the country's biggest foreign exchange earner.**
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  • #44,546
  • Edited 6:21am Jul 24, 2024 6:07am | Edited 6:21am
Quoting Apanche
{quote} **https://www.poundsterlinglive.com/au...disappointment Falling industrial metal prices linked to disappointing policy developments in China are said to be weighing on the Australian Dollar.** **"AUD and NZD continue to underperform as sluggish Chinese economic activity weighs on commodity prices. Iron ore future prices plunged overnight to the lowest level since early April and futures on whole milk powder prices are trading near multi-month lows," says Elias Haddad,...
However Australia's labour market remains very tight with sticky inflation. The RBA is expected to keep on holding rates for longer and maybe even possibly hike again once more whereas the ECB is expected to cut rates at least once before this year ends by September.
This supports the arguments for an EURAUD short in confluence with current EA price levels.

The BOE are also expected to start cutting rates sooner than the RBA. Again this supports shorts in confluence with current GBPAUD price levels which has hit March 2024 high.

For me I will be waiting to see improvement on current the risk-off situation. I don't think the market can or would remain in risk off for so much longer.

I expect that EA and GA shorts will explode to the downside and AUDUSD will bounce up northwards once risk sentiments switch to risk-on. Though this is just my humble opinion and not trade advice.

Does anyone have a way of detecting/predicting when the current market sentiments will change to risk-on? Kindly share.
  • #44,547
  • Jul 24, 2024 7:02am Jul 24, 2024 7:02am
Quoting Apanche
{quote} Does anyone have a way of detecting/predicting when the current market sentiments will change to risk-on? Kindly share.
imho, price action and chart patterns can give you/us a clue when that MIGHT unfold.
waiting for confirmation is less risky than predicting a move that maybe will never happen.
Muni loves you all!
  • #44,548
  • Jul 24, 2024 7:34am Jul 24, 2024 7:34am
Quoting Apanche
{quote}The question now is what am I supposed to do under these circumstances. Price is in a confirmed premium zone but the fundamental forces are yet to line up with very obvious strong bear feeding grounds. Please help a brother guys. {image}
do what you should always do: play the odds with a strict defined risk-plan (and don't be too greedy with your choosen target price/distance).
if it doesn't work out: on to the next opportunity!

btw its summer trading time ... the professionals are on their yachts and island vacations
Muni loves you all!
  • #44,549
  • Edited 2:46am Jul 25, 2024 2:26am | Edited 2:46am
nice parabolic move in GA/EA
Muni loves you all!
  • #44,550
  • Jul 29, 2024 9:07am Jul 29, 2024 9:07am
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Seek first to understand, then to be understood
  • #44,551
  • Aug 2, 2024 8:27am Aug 2, 2024 8:27am
hello..can anyone share the file for this adr indicator.. tq in advance..
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Know The Presence Of The Market
  • #44,552
  • Aug 2, 2024 10:39am Aug 2, 2024 10:39am
Quoting jesxrussel
hello..can anyone share the file for this adr indicator.. tq in advance.. {image}
Quoting Pivoter
{quote} hallo ..., here is the indicator. If you are looking for indicators that appear in this forum, always go to the clipboard, everything is ready there. Start with page 1 first so you can understand what is important for pivot trading. Many experienced dealers have been successful for years and we can benefit from this by starting from scratch and trying to understand what matters. There are no shortcuts in trading, a lot of experience is required. I wish you success {file}
click on the quote/quoted post from pivoter, there you will find a download link.
Muni loves you all!
  • #44,553
  • Aug 2, 2024 11:10am Aug 2, 2024 11:10am
Quoting MuniFX
{quote} {quote} click on the quote/quoted post from pivoter, there you will find a download link.
tq bro
Know The Presence Of The Market
  • #44,554
  • Aug 7, 2024 8:24am Aug 7, 2024 8:24am
I spent 2 months analyzing this topic and unfortunately, I noticed that people only post winning trades. There were weeks when the operations ended negatively, and no one posted anything. Posting negative trades also helps the discussion a lot.
  • #44,555
  • Aug 7, 2024 11:25am Aug 7, 2024 11:25am
Quoting RodrigoFxbr
I spent 2 months analyzing this topic and unfortunately, I noticed that people only post winning trades. There were weeks when the operations ended negatively, and no one posted anything. Posting negative trades also helps the discussion a lot.
You've been analyzing this for two months? That's a very, very long time. Other traders have been analyzing for many years and are getting better at it. You can count yourself lucky that Davit is taking a break right now. Another thing is, every trader in here posts what he wants to post. Start on page 1 and come back in 2 years.
the highest point comes before the fall
  • #44,556
  • Aug 7, 2024 12:06pm Aug 7, 2024 12:06pm
I guess he is too sharp... so (unfortunately) he thought he can skip the lessons on why this is not a "spoon feeding" thread...
Muni loves you all!
  • #44,557
  • Aug 8, 2024 6:06am Aug 8, 2024 6:06am
gbp/cad hit weekly s161
tomorrow (friday) is a (high impact) news release (CAD employment data)
so I will focus on this pair
Muni loves you all!
  • #44,558
  • Aug 8, 2024 9:27am Aug 8, 2024 9:27am
HA HA HA HA


I have been studying and observing this topic since September 2016.
Happy trading to everyone.
  • #44,559
  • Aug 8, 2024 9:39am Aug 8, 2024 9:39am
Quoting RodrigoFxbr
HA HA HA HA I have been studying and observing this topic since September 2016. Happy trading to everyone.
I spent 2 seconds analyzing your posts and unfortunately, I noticed you didn't post any trades, month went by and you didn't post anything. Posting your negative trades also helps the discussion a lot.
Muni loves you all!
  • #44,560
  • Aug 8, 2024 10:13am Aug 8, 2024 10:13am
Quoting MuniFX
{quote} I spent 2 seconds analyzing your posts and unfortunately, I noticed you didn't post any trades, month went by and you didn't post anything. Posting your negative trades also helps the discussion a lot.
My friend, I dont post positive or negative trades. I ve just been studying the forum from the beginning and noticed that most people only post winning trades. I only suggested that they should post the losing ones as well. I don t understand why there's such a fuss about it.

Happy trading.
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