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Pivot Trading

  • #1,861
  • Aug 17, 2016 4:54am Aug 17, 2016 4:54am
Long EU. 20pips SL.
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Let all the living things live blissfully
  • #1,862
  • Aug 17, 2016 4:59am Aug 17, 2016 4:59am
Quoting pipsniper007
{quote} my view on EU has strong upside potential based on previous PA structure...i'd like to get involved there in anticipation of a drop since its hanging on key R78 level but R100 / R138 looks tempting for price to fight towards...im still on the fence tho, any hint of uncertainty i stay out
Thanks brother! I am wary too. I am looking for it to get up around R100, and show signs of exhaustion. But, I think it will be untradeable pre-FOMC minutes...
  • #1,863
  • Aug 17, 2016 5:07am Aug 17, 2016 5:07am
Quoting jnetfx
{quote} Thanks brother! I am wary too. I am looking for it to get up around R100, and show signs of exhaustion. But, I think it will be untradeable pre-FOMC minutes...

sure man, FOMC is making traders nervous thats why charts are stallingwill hit the gym for a few hrs and see where we stand later


FOMC will be good moves......but just consolidation and buildup till then
  • #1,864
  • Aug 17, 2016 6:16am Aug 17, 2016 6:16am
E/G H1. Looking for R61. Some resistance just above but trading with uptrend, so see if it can push through.

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'Fail to plan, plan to fail'
  • #1,865
  • Aug 17, 2016 10:52am Aug 17, 2016 10:52am
hope some of you who didn't close AC and NC both dropped tremendously
In trading, you have to be defensive and aggressive at the same time
  • #1,866
  • Edited 10:34pm Aug 17, 2016 12:31pm | Edited 10:34pm
Still awake...
waiting for FOMC..

Sell EU..
reason: Price @ R78, TDI crossed down (now flat..).
The position of TDI crossed is between 50 and 32, is it still okey? --> mark with red arrow
Or should we wait until the position of TDI crossed above 50 (I prefer TDI cross down above 50 to 68 for Short).

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and up it go North.. after the FOMC hit SL......
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #1,867
  • Aug 17, 2016 8:01pm Aug 17, 2016 8:01pm
Dearest brother and sister pivot warriors, from the ancient holy lands to NYC. AUD red news out in 30 mins. AUD closed below WP. Case of wait and see.
'Fail to plan, plan to fail'
  • #1,868
  • Aug 17, 2016 8:49pm Aug 17, 2016 8:49pm
Hey guys, been unable to trade for over 2 weeks due to work etc, very frustrating! My first trade back and I get caught out by the Monday fall in USD despite fundamental predictions of a rise ... looks like a lot of people having a rough ride in this market, what happened to those smooth curves I was getting used to? Ugh.
Anyway its good to read all the new posts and catch up!
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  • #1,869
  • Edited Aug 18, 2016 3:44am Aug 17, 2016 8:50pm | Edited Aug 18, 2016 3:44am
+100 pips

Tried to put positions more carefully and hold positions with patience.


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+50 pips

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Missed R78 limited sell order & Closed with +25 pips

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  • #1,870
  • Aug 17, 2016 8:54pm Aug 17, 2016 8:54pm
Quoting inforserve
+100 pips Tried to put positions more carefully and hold positions with patience. {image}
Holding that first short must have been a bit nerve-wracking! Lovely 2nd entry more than made up for it though
  • #1,871
  • Aug 17, 2016 9:20pm Aug 17, 2016 9:20pm
Quoting Nostromo
{quote} Holding that first short must have been a bit nerve-wracking! Lovely 2nd entry more than made up for it though

Thanks

I now use ADR and pviot level to select positions.
  • #1,872
  • Aug 17, 2016 11:03pm Aug 17, 2016 11:03pm
Quoting inforserve
{quote} Thanks I now use ADR and pviot level to select positions.
hello infoserve, i have a question, is wide ADR means the price was exhausted? and soon will go up or down prior to the move?
  • #1,873
  • Aug 17, 2016 11:04pm Aug 17, 2016 11:04pm
UJ is at strong support psychological 100
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In trading, you have to be defensive and aggressive at the same time
  • #1,874
  • Aug 17, 2016 11:08pm Aug 17, 2016 11:08pm
Quoting dnl
{quote} hello infoserve, i have a question, is wide ADR means the price was exhausted? and soon will go up or down prior to the move?
ADR is good indicator of daily range.If example pair moved over 130pips and normally does 80 then anticipate correction or "exhaustion"
It should treated same way as "heads up"
PA is most important and fundemetal factors.Case in point Brexit vote that was huge and drop was huge as well.Follow the news

Right now question is does EU have what it takes to go beyond 1.13?Its pretty overstretched and worth putting it on "watch list"
its at 100R so far FOMC passivity helped fuel its gain but week is getting to close and sometimes dumping happens on Fridays.
In trading, you have to be defensive and aggressive at the same time
  • #1,875
  • Aug 17, 2016 11:21pm Aug 17, 2016 11:21pm
Quoting Davit
{quote} ADR is good indicator of daily range.If example pair moved over 130pips and normally does 80 then anticipate correction or "exhaustion" It should treated same way as "heads up" PA is most important and fundemetal factors.Case in point Brexit vote that was huge and drop was huge as well.Follow the news Right now question is does EU have what it takes to go beyond 1.13?Its pretty overstretched and worth putting it on "watch list" its at 100R so far FOMC passivity helped fuel its gain but week is getting to close and sometimes dumping happens...

thanks Davit for the explaination.. but over stretched daily range doesnt mean it will get an instant corrective right? and we dont know how far the corrective will move..
sometimes it takes days or weeks, same with the terms of overbought and oversold. cmiiw
  • #1,876
  • Aug 17, 2016 11:44pm Aug 17, 2016 11:44pm
Quoting dnl
{quote} thanks Davit for the explaination.. but over stretched daily range doesnt mean it will get an instant corrective right? and we dont know how far the corrective will move.. sometimes it takes days or weeks, same with the terms of overbought and oversold. cmiiw
Yes and that's why I said its just heads up.Same with pivots its just probability factor.We are basically stocking more odds in our side.That's all.
Not going to work all the time but will work over 100 trades.
Throw my pivot on any pair and watch 100R 100S and see how many times price turned at these junctions.That's probability
In trading, you have to be defensive and aggressive at the same time
  • #1,877
  • Aug 18, 2016 12:40am Aug 18, 2016 12:40am
@ dnl

Hi Dnl, I am from Jakarta... where is your location?
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #1,878
  • Aug 18, 2016 1:06am Aug 18, 2016 1:06am
Quoting andy_l
@ dnl Hi Dnl, I am from Jakarta... where is your location?
hi andy, im from solo. please enable your PM sir
  • #1,879
  • Aug 18, 2016 1:45am Aug 18, 2016 1:45am
UCAD on her way down to S100 ?
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  • #1,880
  • Aug 18, 2016 3:46am Aug 18, 2016 3:46am
Pounsterling on steroids.. Cheers
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