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Pivot Trading

  • #621
  • Jun 21, 2016 5:57am Jun 21, 2016 5:57am
EU was struggling at r61 so went short & made some $$$$. I've noticed that when EU is rising then UC declines. Surely this can't always be the case but it certainly looks that way for now.
who dares wins
  • #622
  • Jun 21, 2016 6:33am Jun 21, 2016 6:33am
USD/ZAR reacting to S61 level, most of the commodity pairs are slightly overextended right now and oil is turning lower so this could be a good long entry, awaiting candle close and start of US session to assess market sentiment before getting in here. PA looks good to me, would like to hear Davit's thoughts on this though?

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Better to run, than curse the road
  • #623
  • Jun 21, 2016 6:54am Jun 21, 2016 6:54am
EURGBP at 768, reacting to the S78 level. Some divergence on the indicator as well. Pin bars on the bull side are keeping me on the sidelines for now. Awaiting confirmational break, TDI cross over, and the US open.

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Better to run, than curse the road
  • #624
  • Jun 21, 2016 7:27am Jun 21, 2016 7:27am
Quoting steve2010
EURGBP at 768, reacting to the S78 level. Some divergence on the indicator as well. Pin bars on the bull side are keeping me on the sidelines for now. Awaiting confirmational break, TDI cross over, and the US open. {image}
Hi Steve what parameters are you using? according to my pivot the EURGBP is hitting s138 whereas yours its s78?
Attached Image
who dares wins
  • #625
  • Jun 21, 2016 7:32am Jun 21, 2016 7:32am
Here is a possible setup
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  • #626
  • Jun 21, 2016 7:44am Jun 21, 2016 7:44am
Quoting Dkmillion
Here is a possible setup {image}
Indeed s38 seems like good support. Price has spiked though, not sure what do now?
who dares wins
  • #627
  • Jun 21, 2016 7:46am Jun 21, 2016 7:46am
Quoting steve2010
USD/ZAR reacting to S61 level, most of the commodity pairs are slightly overextended right now and oil is turning lower so this could be a good long entry, awaiting candle close and start of US session to assess market sentiment before getting in here. PA looks good to me, would like to hear Davit's thoughts on this though? {image}
Yellen is due to testify 10am .I bet she will sound dovish and long term hawkish so don't know how market will react but USD may bounce.
In trading, you have to be defensive and aggressive at the same time
  • #628
  • Jun 21, 2016 7:47am Jun 21, 2016 7:47am
Quoting MasterJedi
{quote} Hi Steve what parameters are you using? according to my pivot the EURGBP is hitting s138 whereas yours its s78? {image}
Just noticed my charts dont line up with Davit's either, gonna have to dig through the thread now and find those settings. Broker candle is set to true, start and open time are set to the default
Better to run, than curse the road
  • #629
  • Jun 21, 2016 7:47am Jun 21, 2016 7:47am
Quoting MasterJedi
{quote} Indeed s38 seems like good support. Price has spiked though, not sure what do now?
You can do one of two things... you can either trade it or not...
  • #630
  • Jun 21, 2016 7:48am Jun 21, 2016 7:48am
I got this going now and some DD on NU
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In trading, you have to be defensive and aggressive at the same time
  • #631
  • Jun 21, 2016 7:50am Jun 21, 2016 7:50am
Quoting Dkmillion
{quote} You can do one of two things... you can either trade it or not...
Haha your right...its all too simple really lol!
who dares wins
  • #632
  • Jun 21, 2016 7:56am Jun 21, 2016 7:56am
Quoting steve2010
{quote} Just noticed my charts dont line up with Davit's either, gonna have to dig through the thread now and find those settings. Broker candle is set to true, start and open time are set to the default
I have the same settings as you then except I have the "show S&R to 200%" on. I wonder why this is...
who dares wins
  • #633
  • Jun 21, 2016 8:11am Jun 21, 2016 8:11am
Quoting Davit
I got this going now and some DD on NU {image}
Good call davit. Made some $$ on the NU long on a pull back. Closed quickly though as not sure where this heading...
who dares wins
  • #634
  • Jun 21, 2016 10:14am Jun 21, 2016 10:14am
closed my AC shorts
+190pips
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In trading, you have to be defensive and aggressive at the same time
  • #635
  • Jun 21, 2016 10:43am Jun 21, 2016 10:43am
I made 20! Thanks Davit!
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  • #636
  • Jun 21, 2016 11:10am Jun 21, 2016 11:10am
Quoting Dkmillion
I made 20! Thanks Davit! {image}
nice every little bit adds up by the end of the month.
In trading, you have to be defensive and aggressive at the same time
  • #637
  • Jun 21, 2016 11:35am Jun 21, 2016 11:35am
AC, I got a few, 28, didn't quite make target on that last sell, and have a buy set above if if if, if she does run higher
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"You know what needs to be addressed , completely completely reverse that".
  • #638
  • Jun 21, 2016 11:48am Jun 21, 2016 11:48am
Quoting Kmw
AC, I got a few, 28, didn't quite make target on that last sell, and have a buy set above if if if, if she does run higher {image}
Don't buy AC always sell AC
Fundamentally CAD is better shape then the Aussie.This is one pair that I only sell.That's just me.
Good trading
your limit long is such sucker move.Sorry ...you must shed yourself from assumptions of price.You can't assume price hitting your limit is the beginning of new move up or the end of swing in which case you become a victim.
Same applies your bottom sell limit.
In trading, you have to be defensive and aggressive at the same time
  • #639
  • Jun 21, 2016 12:00pm Jun 21, 2016 12:00pm
Quoting steve2010
USD/ZAR reacting to S61 level, most of the commodity pairs are slightly overextended right now and oil is turning lower so this could be a good long entry, awaiting candle close and start of US session to assess market sentiment before getting in here. PA looks good to me, would like to hear Davit's thoughts on this though? {image}
Steve, im in South Africa and the major protest in the capital helped the USDZAR up from the S100 level, plus the 1 hr chart shows a perfect entry candle
  • #640
  • Jun 21, 2016 12:47pm Jun 21, 2016 12:47pm
Hi Davit.
Have been demo trading your system not quite long like i told you before and the result is quite impressive. thanks for that. Now am planning to go on live account now. So am making sure i have all the right settings for the system.

My chart looks like your chart except for one thing. I notice my chart doesnt have those little boxes that diplays orange or red or green in the TMS_ Angleator v3 -RT2 indicator at the far right corner on my chart just as you have it on your chart and other guys have it on their chart as well. (I mean that place i shaded with yellow sphere on the chart is what am talking about) Please is there any settings you would suggest for this? or how do i correct that?
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