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Pivot Trading

  • #2,561
  • Sep 12, 2016 1:10am Sep 12, 2016 1:10am
Long GU
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Let all the living things live blissfully
  • #2,562
  • Edited 4:27am Sep 12, 2016 2:58am | Edited 4:27am
Also in a GU long with targets up to R61 + an EG short, looking for a drop to S38.
Looks like it's going to drop soon. Current 4H candle might close as a BEOB.

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  • #2,563
  • Edited 3:24am Sep 12, 2016 3:14am | Edited 3:24am
Quoting Arjun-LE1
Long GU {image}
Little different with me, I think it's too early to take a long position in this day, I prever wait till wednesday/thursday for the price correction
  • #2,564
  • Sep 12, 2016 3:31am Sep 12, 2016 3:31am
Watching EC. Could be primed for a wave reversal.

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PA is already challenging R61, having made a near 500 pip unchallenged upward move over the last week.

Weekly pivot is 175 pips away to the downside so will watch price action around this level. TDI still strong, however there is strong price resistance at the 1.4750 level and then the 1.4825 level.
  • #2,565
  • Sep 12, 2016 3:35am Sep 12, 2016 3:35am
Quoting mch1970
Watching EC. Could be primed for a wave reversal. {image} PA is already challenging R61, having made a near 500 pip unchallenged upward move over the last week. Weekly pivot is 175 pips away to the downside so will watch price action around this level. TDI still strong, however there is strong price resistance at the 1.4750 level and then the 1.4825 level.
Also R100 (circa 1.4825)on EC this week represents a strong resistance zone over the past 6-9 months, that this pair has often fail to breach.
  • #2,566
  • Sep 12, 2016 3:44am Sep 12, 2016 3:44am
Interesting set-ups already this week.

AUD still getting hammered;

  1. ACHF already approaching S61,
  2. AU nearly between S38 and S61.
  3. EA is approaching R61

CAD still getting hammered;

  1. UC continued upwards and approaching R61.
  2. EC also hit R61



EURO & USD bulls are back in strength - so EU is flat-lining.

At some point these current price waves will break down and retrace/ revert to weekly pivots. So watch this price action carefully and opportunities will present themselves for trading this week.

  • #2,567
  • Sep 12, 2016 4:28am Sep 12, 2016 4:28am
Hi Davit - Long time no speak - hope you're doing ok. Good thing you got going on here - I'm glad you've found your style!

Anyway GBPCAD looks interesting. At R78 and strong supply zone.

JPR
  • #2,568
  • Sep 12, 2016 4:43am Sep 12, 2016 4:43am
Quoting Davit
{quote} Hi I think you must understand that TDI is just support roll in fact I can trade without it as well with no loss of confidence.Your thinking is assuming TDI taking a primal roll of decision making process hence I can see why you like the idea of MTF TDI. You got 6 posts at FF and without any trading track record on my system you are already consumed by desire to "improve" my system. Let me be blank its not the system needs improving its the trader trading the system.You can add alerts,MTF on TDI Pivot history etc and still fail making money....
Hi Davit. Honestly not looking to improve your system as it is great as it is. I was looking only to do less trades by using higher time frames and avoid positional ones. My Achilles heel is in controlling greed and fear which is easier said than done, and that is the reason for trying to use higher time frames. Of course, any trades I could post here will be using your template and indis, the least I can do after all the info you shared.

thanks
  • #2,569
  • Edited 6:13am Sep 12, 2016 6:01am | Edited 6:13am
Nice place for UC short. Wait for PA. SL above 1.3250
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  • #2,570
  • Sep 12, 2016 6:15am Sep 12, 2016 6:15am
Running with this method
outside of my comfort zone...
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Come with me if you want to live....
  • #2,571
  • Sep 12, 2016 6:35am Sep 12, 2016 6:35am
This looks like a busy support zone if we get down there

and right where we want it pivot wise
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Come with me if you want to live....
  • #2,572
  • Sep 12, 2016 7:02am Sep 12, 2016 7:02am
NZ bearish PA starting to look hesitant along with divergence

Watching the 61 support pivot

If it gets down there without any significant bullish correction happening first, then a correction might be well overdue
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Come with me if you want to live....
  • #2,573
  • Sep 12, 2016 7:54am Sep 12, 2016 7:54am
Quoting makron
Nice place for UC short. Wait for PA. SL above 1.3250 {image}
haha.. I'm waiting for my sell limit at 1.31500
  • #2,574
  • Sep 12, 2016 9:05am Sep 12, 2016 9:05am
Quoting Ill-b-back
NZ bearish PA starting to look hesitant along with divergence Watching the 61 support pivot If it gets down there without any significant bullish correction happening first, then a correction might be well overdue {image} {image}
Yep divergence, that was a signal to close my shorts here.

Quoting Ill-b-back
Running with this method outside of my comfort zone... {image}
Maybe too soon, but I'm also in this short.
buying tops / selling bottoms
  • #2,575
  • Sep 12, 2016 9:37am Sep 12, 2016 9:37am
Quoting Jpr
Hi Davit - Long time no speak - hope you're doing ok. Good thing you got going on here - I'm glad you've found your style! Anyway GBPCAD looks interesting. At R78 and strong supply zone. JPR
Thanks JPR and you are welcome to join in the party
In trading, you have to be defensive and aggressive at the same time
  • #2,576
  • Sep 12, 2016 9:40am Sep 12, 2016 9:40am
Quoting Ill-b-back
Running with this method outside of my comfort zone... {image}
Hi friend welcome! We known each other years here and glad you are giving it a try.You'll find with your knowledge of TA and Price action this method will result in easy pips harvested.
green pips
In trading, you have to be defensive and aggressive at the same time
  • #2,577
  • Sep 12, 2016 9:44am Sep 12, 2016 9:44am
Quoting voty
{quote} Yep divergence, that was a signal to close my shorts here. {quote} Maybe too soon, but I'm also in this short.
Just so we are in correct mindset.Divs should not be looked at as signal.They could add more probability odds in your favor when combining with the systems methodology but its something I am not giving great importance.You can have Div and price still pushing up or down in hundreds of pips irregardless of it.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #2,578
  • Sep 12, 2016 9:46am Sep 12, 2016 9:46am
If you have no positions on AN well its great place to build one.
In trading, you have to be defensive and aggressive at the same time
  • #2,579
  • Sep 12, 2016 9:46am Sep 12, 2016 9:46am
Long GU..
140 pips so far.. target R38
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and the opposite.. short UC
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Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #2,580
  • Sep 12, 2016 9:49am Sep 12, 2016 9:49am
Quoting makron
Nice place for UC short. Wait for PA. SL above 1.3250 {image}
like your sharpness keep that edge
Yes agree
In trading, you have to be defensive and aggressive at the same time
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