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Pivot Trading

  • #1,661
  • Aug 4, 2016 8:06am Aug 4, 2016 8:06am
Watch reaction on EG yellow box I drew
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In trading, you have to be defensive and aggressive at the same time
  • #1,662
  • Aug 4, 2016 8:17am Aug 4, 2016 8:17am
Beauty of Fibonacci pivots
should charge you guys using my indi
If you think its just random drop my template on any pair and observe.

So far EG can't break strong 8480 dble top however PA is still bulish
usually every swing (wave) ends with a spike
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In trading, you have to be defensive and aggressive at the same time
  • #1,663
  • Aug 4, 2016 8:49am Aug 4, 2016 8:49am
Closed my EC shorts
+509pips squeezed whatever I could on this pair and moving on.Got EG on radar
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In trading, you have to be defensive and aggressive at the same time
  • #1,664
  • Aug 4, 2016 8:58am Aug 4, 2016 8:58am
Quoting Davit
Closed my EC shorts +509pips squeezed whatever I could on this pair and moving on.Got EG on radar {image}

Well done! AC sliding now with Canadian strength... Just need Aussie to go where it belongs and that will be a good trade too.
  • #1,665
  • Aug 4, 2016 9:10am Aug 4, 2016 9:10am
[Quote = pescante; 9067203] reacción del reloj en el cuadro amarillo EG dibujé {image} [/ quote]

Good!!!.
Davit
Does not appear letter does not get the 78% level.
Why?
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  • #1,666
  • Aug 4, 2016 9:20am Aug 4, 2016 9:20am
Quoting Davit
{quote} ...Question is if you had real money would you have pulled the trigger?...
yeah davit, I know what you mean. we'll see that in a week or two when I come back from vacation and find time to trade regularly. till then I'll continue pulling the trigger of this toy gun
  • #1,667
  • Aug 4, 2016 9:30am Aug 4, 2016 9:30am
Quoting Davit
Beauty of Fibonacci pivots should charge you guys using my indi If you think its just random drop my template on any pair and observe. So far EG can't break strong 8480 dble top however PA is still bulish usually every swing (wave) ends with a spike {image}

Hey Davit

Just to test, I put your template on Sugar. Stunning consistency on WP! I will keep it loaded and watch for rise to pivot. Might have a play with it.
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  • #1,668
  • Aug 4, 2016 2:36pm Aug 4, 2016 2:36pm
Closed EC little early...but it could of spiked high so I am happy.Sometimes its impossible to collect 100% of the move even 60% is fine by me.

Was out and missed my short on EG at 61 or close to 61R
still not late will watch PA see where is heading
Still holding AU shorts I don't think PA broke 7620 convincingly R38 is sttill there.
Last day and we may see some dumping on this over bloated currency.
In trading, you have to be defensive and aggressive at the same time
  • #1,669
  • Aug 4, 2016 2:41pm Aug 4, 2016 2:41pm
Shorting EURGBP, I'm new to your system, hope I'm doing it correctly. Cheers!
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  • #1,670
  • Aug 4, 2016 2:42pm Aug 4, 2016 2:42pm
Quoting Blackopal
{quote} Hey Davit Just to test, I put your template on Sugar. Stunning consistency on WP! I will keep it loaded and watch for rise to pivot. Might have a play with it. {image}
If its traded majority of times with humans(not robots) Fib will work because its based on human emotion.Does not matter what,Elliot Wave works on everything which is part of Fibonacci ratios in turn part of harmonics.Its all connected.
In trading, you have to be defensive and aggressive at the same time
  • #1,671
  • Aug 4, 2016 2:44pm Aug 4, 2016 2:44pm
Quoting dominus
Shorting EURGBP, I'm new to your system, hope I'm doing it correctly. Cheers! {image}
its a good probability trade.Trading is all about stacking adds in your favor.Lot of pound rate cut has already been priced in
If it makes you feel better I took same trade just now
In trading, you have to be defensive and aggressive at the same time
  • #1,672
  • Aug 4, 2016 2:52pm Aug 4, 2016 2:52pm
It sure does!

Quoting Davit
{quote} its a good probability trade.Trading is all about stacking adds in your favor.Lot of pound rate cut has already been priced in If it makes you feel better I took same trade just now
  • #1,673
  • Aug 4, 2016 3:08pm Aug 4, 2016 3:08pm
Quoting Davit
{quote} Excellent summery When you zoom out to Daily you can see that this down move is only the first leg then bounce up maybe 46 and down to 4450.Looks like typical Elliot Wave so far. Aussie is still playing hard ball.My take is lot of funds are going to AUD because of perceived "safe heaven and high yield" Usually does not last long.Fundamentals are weak on Auusie to be this persistent. AC is still at extreme overbought level (chance for you to get in...) Patiently waiting for this fat pig to lose weight {image}
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  • #1,674
  • Aug 4, 2016 3:29pm Aug 4, 2016 3:29pm
Quoting squawk
{quote} {image}
Hi my friend like your chart.Lets see how it unfolds.
Currently short AC NC AU EG

Jess it looks so pessimistic all my trades are shorts latelyIn fact I can't recall last time I went long...
In trading, you have to be defensive and aggressive at the same time
  • #1,675
  • Aug 4, 2016 4:01pm Aug 4, 2016 4:01pm
Quoting Davit
{quote} Hi my friend like your chart.Lets see how it unfolds. Currently short AC NC AU EG Jess it looks so pessimistic all my trades are shorts latelyIn fact I can't recall last time I went long...
Similar. Sometimes we need to turn our charts up-side-down.(AC for fun) My biggest shorts are on the Kiwi crosses at the moment AN and NC but longer term so mmmm. With you on AC as well but a staggered approach. My thinking is Oil is pulling back is seasonal based on gasoline spread (over estimation of summer driving by refineries) You can see it on the crack spread chart. This time last year they were getting $30 same season this year they are getting $15. Looks like margins are starting to turn again. I'm thinking it will range 40 -50 or spring up.

Nice trading Davit...
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  • #1,676
  • Edited 6:47pm Aug 4, 2016 6:34pm | Edited 6:47pm
AUD/NZD H4 BUOB. Might head south after hitting target as a lot of traffic/resistance there. AUD RBA statement due soon. Hope all are well.

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'Fail to plan, plan to fail'
  • #1,677
  • Aug 4, 2016 6:48pm Aug 4, 2016 6:48pm
Quoting Davit
Closed my EC shorts +509pips squeezed whatever I could on this pair and moving on.Got EG on radar {image}
HI Davit

Generally we short at some R levels but not below the pivot. But in this case you did some thing different. Please can you give some more details about this type of setup.

May be we all are missing this type of Setups.

Thanks
  • #1,678
  • Edited 8:35pm Aug 4, 2016 8:12pm | Edited 8:35pm
Quoting mkfx
{quote} HI Davit Generally we short at some R levels but not below the pivot. But in this case you did some thing different. Please can you give some more details about this type of setup. May be we all are missing this type of Setups. Thanks
Why not below pivot?I go with PA .For example AC has been climbing for weeks and WP is now at 9898 basically 99 which is seriously high for this pair hence selling below WP makes sense since there is tremendous room for correction like to 96 over 300pips south.This will make more sense if you zoom out and look at daily chart.
I never said anywhere I don't sell or buy below or over WP.I did say price reversal becomes greater when it stretches progressively away from WP.That's when counter-trending but one can actually buy going away from WP with the trend in fact using WP as a starting point.So nothing is cut and dry.Each pair is uniquely positioned.AC for example is so stretched that there is no way I will buy now so naturally I am selling it now.
Hope this helps
In trading, you have to be defensive and aggressive at the same time
  • #1,679
  • Aug 4, 2016 9:04pm Aug 4, 2016 9:04pm
Quoting Davit
{quote} Why not below pivot?I go with PA .For example AC has been climbing for weeks and WP is now at 9898 basically 99 which is seriously high for this pair hence selling below WP makes sense since there is tremendous room for correction like to 96 over 300pips south.This will make more sense if you zoom out and look at daily chart. I never said anywhere I don't sell or buy below or over WP.I did say price reversal becomes greater when it stretches progressively away from WP.That's when counter-trending but one can actually buy going away from...

Thanks Davit. Earlier i was not looking such setups at all. Now i will start to understand and wil look.
  • #1,680
  • Aug 5, 2016 4:31am Aug 5, 2016 4:31am
AUD/USD H4 BUOB. TDI green bounce up off red. Price testing R61 continuously, which makes me reckon this has further to go north. Target R78. Might even hit R100.

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'Fail to plan, plan to fail'
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