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Pivot Trading

  • #3,961
  • Oct 11, 2016 8:15am Oct 11, 2016 8:15am
Quoting Davit
added 2 more on EU longs 6 positions now hammering this puppy
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Textbook.
Rules on chart.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,962
  • Oct 11, 2016 10:25am Oct 11, 2016 10:25am
Hey all look at Eur/JPY for possible long at S38 level. Previous resistance now becomes our new support, please look for signs to enter the trade and not just take the trade once price hits S38. Price Action is King.

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  • #3,963
  • Edited 3:42pm Oct 11, 2016 12:07pm | Edited 3:42pm
Quoting Davit
{quote} Hi S You are welcome to join US.More experience traders on this thread better for everyone.Elevates everyone's trading. regards
Thanks Davit....
Heres a nice " mistake " ...
My risk was calculated to 10 pips .. entry was around the S3 .. in DAX M5
TDI nicely obersold and the " timing " for countertrades are very important -- it was 1 hour before close of the Frankfurt Börse ( stock exchange just 20 km from here )

But my GF sent the message we gets holiday end of october , same as I do .. so Im looking for a nice trip ..

My plan was really to scalp 7--8--10 pips max out of the market ..and not 30 !
The price hit my " emergency TP " ( 50 ema ).. in the end the exit was a mistake .

Have a nice evening ..
Guido
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Risiko birgt immer auch die Chance.
  • #3,964
  • Oct 11, 2016 12:28pm Oct 11, 2016 12:28pm
Quoting Ibar51
Time to sleep will have made loads of green pips when I wake up. Wish you all well in your trading. 3 trades going short AN short Cf and long EU Closed UJ with 80pip gain,
hope you had stop loss on EU
  • #3,965
  • Oct 11, 2016 1:09pm Oct 11, 2016 1:09pm
Getting ready for major NU long. But only after I see PA on daily. Yes daily.
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buying tops / selling bottoms
  • #3,966
  • Oct 11, 2016 1:11pm Oct 11, 2016 1:11pm
Quoting dttsomh
{quote} hope you had stop loss on EU
I'm also long EU without stop and quite relaxed about that. Tiny position is a key.
buying tops / selling bottoms
  • #3,967
  • Oct 11, 2016 1:24pm Oct 11, 2016 1:24pm
Long EU with a buy limit at S100 and short uchf with a sell limit at R100. Lets see how it goes
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  • #3,968
  • Oct 11, 2016 1:59pm Oct 11, 2016 1:59pm
Quoting ayoayo
Long EU with a buy limit at S100 and short uchf with a sell limit at R100. Lets see how it goes {image} {image}
Remember that those two pairs have almost perfect inverse correlations - UChf goes down, EU goes up, so you're doubling your risk by trading them in opposite directions
Better to run, than curse the road
  • #3,969
  • Oct 11, 2016 2:11pm Oct 11, 2016 2:11pm
Quoting steve2010
{quote} Remember that those two pairs have almost perfect inverse correlations - UChf goes down, EU goes up, so you're doubling your risk by trading them in opposite directions
Yes I know. Thank you for the reminder
  • #3,970
  • Oct 11, 2016 6:10pm Oct 11, 2016 6:10pm
FYI.

RBNZ's McDermott warns of low inflation figure likely in September quarter; says inflation likely to be at bottom end of 1-3% target range in December quarter; repeats September OCR comment that "further policy easing will be required"


http://www.interest.co.nz/news/84042...flation-likely
  • #3,971
  • Oct 11, 2016 7:43pm Oct 11, 2016 7:43pm
Thank you mr davit,, your system trade was great..
  • #3,972
  • Oct 11, 2016 8:24pm Oct 11, 2016 8:24pm
Good evening ladies and gentlemen
EA looks real good for long.I have been waiting patiently for this.Could drop further to 61S
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In trading, you have to be defensive and aggressive at the same time
  • #3,973
  • Oct 11, 2016 8:25pm Oct 11, 2016 8:25pm
Quoting Ahmad.forex
Thank you mr davit,, your system trade was great..
welcome and please take your time reading the material.
In trading, you have to be defensive and aggressive at the same time
  • #3,974
  • Oct 11, 2016 8:28pm Oct 11, 2016 8:28pm
Quoting Davit
Good evening gentlemen and ladies EA looks real good for long.I have been waiting patiently for this.Could drop further to 61S {image}
good call
  • #3,975
  • Oct 11, 2016 8:49pm Oct 11, 2016 8:49pm
Quoting Davit
Good evening ladies and gentlemen EA looks real good for long.I have been waiting patiently for this.Could drop further to 61S {image}
Hi Davit are you still in the EU trade.
  • #3,976
  • Oct 11, 2016 9:01pm Oct 11, 2016 9:01pm
Quoting Ibar51
{quote} Hi Davit are you still in the EU trade.
yes also divergence on h1-30min
In trading, you have to be defensive and aggressive at the same time
  • #3,977
  • Oct 11, 2016 9:02pm Oct 11, 2016 9:02pm
Quoting inforserve
FYI. RBNZ's McDermott warns of low inflation figure likely in September quarter; says inflation likely to be at bottom end of 1-3% target range in December quarter; repeats September OCR comment that "further policy easing will be required" http://www.interest.co.nz/news/84042...flation-likely
good info thks
In trading, you have to be defensive and aggressive at the same time
  • #3,978
  • Oct 11, 2016 9:21pm Oct 11, 2016 9:21pm
Quoting Davit
Good evening ladies and gentlemen EA looks real good for long.I have been waiting patiently for this.Could drop further to 61S {image}

Good evening Davit. I got into the E/A about an hour ago. Added a new short a couple of minutes ago after A/U rose, Taking E/A down. My long E/U from yesterday went down quickly and stopped out at 1.1074 while I was working. I'm now back in long at 1.1044 from S100, so 30 pips below where I was stopped. My A/U and A/C shorts all closed at pending TP over night, more than compensated for EU loss of one entry. Haven't had time yet to update pivot colours, will get there eventually.

U/C weekly pivot has been steadily rising, I see you took good trade short from not far above WP. The highs around 1.33 are now nearby at R38. Question for teacher....how does this effect your entry strategy for UC?
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  • #3,979
  • Oct 11, 2016 9:34pm Oct 11, 2016 9:34pm
This just out on FF............

From sbs.com.au


RBA likely to hold rates, says HSBC

The Reserve Bank will keep interest rates steady well into 2017 if commodity and oil prices remain at their current levels or rise, according to HSBC. The RBA has cut rates twice this year to take the cash rate to a record low of 1.5 per cent, attempting to overcome inflation that sits at a 17-year low. HSBC economists say consumer prices could rise to be back within the RBA's two to three per cent target band by the beginning of 2017. The recent lift in commodity and oil prices means both underlying and headline inflation have likely passed their recent trough, they said. "Although this still means that year-on-year ... (full story)
  • #3,980
  • Oct 11, 2016 9:46pm Oct 11, 2016 9:46pm
This is why we are currently getting a run up in pairs against USD. I can't find USD basket in Oanda, this chart from IG. As you can see USD has been on quite a run, could be time to let off steam.
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