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Pivot Trading

  • #2,141
  • Aug 30, 2016 6:41am Aug 30, 2016 6:41am
Quoting pipsniper007
{quote} I hear you Davit but seeing that its wedged between 38 and 61... likely to breakthrough and close underneath 61........ wicking close to 78 my opinion on that note :nerd:
We don't know that's why orders are stacked and you could only get 1 trigger then you can add more manually.Anyway thought to share but it carries risk as well just like anything relating to price..
In trading, you have to be defensive and aggressive at the same time
  • #2,142
  • Aug 30, 2016 6:46am Aug 30, 2016 6:46am
Here is my EU set up
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #2,143
  • Aug 30, 2016 7:35am Aug 30, 2016 7:35am
Quoting Davit
{quote} We don't know that's why orders are stacked and you could only get 1 trigger then you can add more manually.Anyway thought to share but it carries risk as well just like anything relating to price..

Agreed Arjun is spotting some good setups aah come back days of decent setups im still on the fence, not feeling anything yet
  • #2,144
  • Aug 30, 2016 8:44am Aug 30, 2016 8:44am
A couple of single entries pre Jackson Hole. USD still has momentum vs Yen. EU looking weak.
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  • #2,145
  • Aug 30, 2016 8:52am Aug 30, 2016 8:52am
Quoting Arjun-LE1
GJ Long. Price retracement after London ( yesterday) is recognized as a retracement, the now is to look for a reason to enter either long at R38. {image}
Need to go . End of trade for tonight. Bye.

Thanks Davit. Great Trading System.
Attached Image (click to enlarge)
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Let all the living things live blissfully
  • #2,146
  • Edited 9:11am Aug 30, 2016 8:54am | Edited 9:11am
Quoting Davit
Here is my EU set up {image}
im using new broker and the pivot seems match with yours Davit
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  • #2,147
  • Aug 30, 2016 8:55am Aug 30, 2016 8:55am
Quoting Arjun-LE1
Long on GA. Understand the logic behind this Pivot Point trading strategy, understanding how price moves at Weekly Pivot Points first will assist your trading. You have to determine the direction of price, that is the number one priority. In this case an uptrand preceding. Consolidate between Pivot Point lvels, then move to the next Pivot Point level. These levels are formed around Pivot Point and Whole price numbers. {image}
End of Trade.

Going for Independent Day Merdeka for Malaysia) tonight.

Thanks Davit
Attached Image (click to enlarge)
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Let all the living things live blissfully
  • #2,148
  • Aug 30, 2016 8:56am Aug 30, 2016 8:56am
[Quote = Arjun-LE1; 9109333] {quote} Fin de Comercio. El ir para Merdeka Día independiente de Malasia) esta noche. Gracias pescante {image} [/ quote]

Good !!!!!!
  • #2,149
  • Aug 30, 2016 8:58am Aug 30, 2016 8:58am
Quoting Arjun-LE1
GU Long. Seems to me GBP is strong today. {image}
I leave this trade open. SL at S38
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Let all the living things live blissfully
  • #2,150
  • Aug 30, 2016 9:32am Aug 30, 2016 9:32am
Quoting Arjun-LE1
{quote} Need to go . End of trade for tonight. Bye. Thanks Davit. Great Trading System. {image}

Beautiful
  • #2,151
  • Aug 30, 2016 9:38am Aug 30, 2016 9:38am
Quoting Blackopal
A couple of single entries pre Jackson Hole. USD still has momentum vs Yen. EU looking weak. {image} {image}

Closed both. JPY 222 pips. EU 138. Great thread. Lots of good contributors. Appreciate everyone's contributions and good advice.
  • #2,152
  • Aug 30, 2016 10:08am Aug 30, 2016 10:08am
Quoting Blackopal
{quote} Closed both. JPY 222 pips. EU 138. Great thread. Lots of good contributors. Appreciate everyone's contributions and good advice.
Similar to mine,

Head's up - Iran's deputy minister for industry, mining and trade Moazami said they would like to boost production from 4.75 mbpd from 3.8 mbpd - FF.

CAD is weakening across the board.

Cheers
MR
Silence your Ego & Your Power will Rise
  • #2,153
  • Edited 10:47am Aug 30, 2016 10:31am | Edited 10:47am
Quoting mraam
{quote} Similar to mine, Head's up - Iran's deputy minister for industry, mining and trade Moazami said they would like to boost production from 4.75 mbpd from 3.8 mbpd - FF. CAD is weakening across the board. Cheers MR
Hi Mraam
Iran should it boast production 1 million barrel more is of no consequence on greater scheme of things.Cad weakening temporarily but that's because USD is strengthening
Lets also keep in mind that OPEC may cut production since they are not too happy with cheap oil either.There is lot of talk about "meeting"
On daily fluctuation its almost none factor.
regards

On a side note thanks to out current president Iran got paid 400million dollars plus lifting of sanctions while they still arm and support Hezbollah which happens to fight against US and its allies.I have never witnessed more stupider policy ever!
In trading, you have to be defensive and aggressive at the same time
  • #2,154
  • Aug 30, 2016 11:02am Aug 30, 2016 11:02am
Quoting Davit
{quote} Hi Mraam Iran should it boast production 1 million barrel more is of no consequence on greater scheme of things.Cad weakening temporarily but that's because USD is strengthening Lets also keep in mind that OPEC may cut production since they are not too happy with cheap oil either.There is lot of talk about "meeting" On daily fluctuation its almost none factor. regards
Hello Davit,

A good article on how Iran has displaced market demand with its cheap oil, imo a real factor that further weakens oil price. http://fuelfix.com/blog/2016/04/11/i...meeting-looms/ - This was back in April when Irans bpd was 1.7 now its more than twice the figure. Oil makes up more than 20% of Cad exports, pretty significant. The OPEC cartel has met twice before to reduce production but failed - Deep rooted animosity between Saudi and Iran. Even if something does happen we still have shale oil, russia and soon the UK. Cheap oil to stay for sometime IMO.

Cheers
MR
Silence your Ego & Your Power will Rise
  • #2,155
  • Aug 30, 2016 11:25am Aug 30, 2016 11:25am
Quoting mraam
{quote} Hello Davit, A good article on how Iran has displaced market demand with its cheap oil, imo a real factor that further weakens oil price. http://fuelfix.com/blog/2016/04/11/i...meeting-looms/ - This was back in April when Irans bpd was 1.7 now its more than twice the figure. Oil makes up more than 20% of Cad exports, pretty significant. The OPEC cartel has met twice before to reduce production but failed - Deep rooted animosity between Saudi and Iran. Even if something does happen...
Yes my friend I am really aware of connection CAD and oil.Been trading CAD for years.We had oversupply situation few months back and oil shoot up to 51
Real mover ATM is USD since oil is traded based on USD
If NFP comes out negative expect oil to bounce up.
regards
In trading, you have to be defensive and aggressive at the same time
  • #2,156
  • Aug 30, 2016 12:09pm Aug 30, 2016 12:09pm
Quoting Davit
so far UC can't break 38R but showing no weakness either neutral to me.No trade {image}
Agreed - jumped the gun with UC shorts. Exited my small initial position at breakeven. Now at R61 so let's see if pushes up to R 100 or breaks down to weekly pivot zone.
  • #2,157
  • Aug 30, 2016 12:15pm Aug 30, 2016 12:15pm
Have my limit orders for UC similarly stacked at R78 and R100.😀
  • #2,158
  • Aug 30, 2016 5:24pm Aug 30, 2016 5:24pm
Another pivoteer enjoying the fruit of this great thread. The best tree on FF!!! Thank you so much Davit. We are greatly indebted to you.

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  • #2,159
  • Aug 30, 2016 5:48pm Aug 30, 2016 5:48pm
Quoting magicalmalin
Another pivoteer enjoying the fruit of this great thread. The best tree on FF!!! Thank you so much Davit. We are greatly indebted to you. {image}
Welcome and great job!
Don't be shy post your trades so we can all learn from each other!
Another Aussie trader.We got more then few here on this thread!Love the time in Australia when London opens.Wished I lived there.
nice to have you and continue piling the pips
In trading, you have to be defensive and aggressive at the same time
  • #2,160
  • Aug 30, 2016 6:38pm Aug 30, 2016 6:38pm
Quoting magicalmalin
Another pivoteer enjoying the fruit of this great thread. The best tree on FF!!! Thank you so much Davit. We are greatly indebted to you. {image}
Nice one
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