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Pivot Trading

  • #4,161
  • Oct 16, 2016 6:25pm Oct 16, 2016 6:25pm
Quoting Davit
{quote} this week is loaded with red news.Lets see how it unfolds. green pips

I also slept through opportunity for more entries between my top entry and earlier premature entries on A/C. But there's always another opportunity around the corner. Canadian will be in play again this week. It has broken a trend line against USD. I'm thinking if it can recover to last week's WP it may be a level to short from. But waiting for oil to see which way it heads to start the week. Your thoughts? Good luck this week Bud.

I just listened to Hindi Zahra. Nice.
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  • #4,162
  • Oct 16, 2016 6:30pm Oct 16, 2016 6:30pm
Quoting Blackopal
{quote} I also slept through opportunity for more entries between my top entry and earlier premature entries on A/C. But there's always another opportunity around the corner. Canadian will be in play again this week. It has broken a trend line against USD. I'm thinking if it can recover to last week's WP it may be a level to short from. But waiting for oil to see which way it heads to start the week. Your thoughts? Good luck this week Bud. I just listened to Hindi Zahra. Nice. {image}
I don't anticipate much movements on UC this week.I think Euro Aussie NZD GBP have lot more important data coming out hence I anticipate more volatility there.
Canada's rate will remain .5 and don't anticipate much weakness on Canadian dollar which would be nice for my shorts on AC and NC

Zahra is great.Nice soothing voice.I am still high from some grass smoking... should NC hit 92 it would be a massive gain for my account....patiently been waiting. GDT price is on tues and if this comes out negative NU can easily hit 70 and crosses even lower
In trading, you have to be defensive and aggressive at the same time
  • #4,163
  • Oct 16, 2016 6:32pm Oct 16, 2016 6:32pm
Quoting fibo38
{image}

Nice fibo. Those entries could turn into a helluva lotta pips if E/U bounces from less extreme lows. Best of luck with it mate. I'm doing my part to try to hold the Aussie back for you.
  • #4,164
  • Oct 16, 2016 6:33pm Oct 16, 2016 6:33pm
Quoting Davit
{quote} I don't anticipate much movements on UC this week.I think Euro Aussie NZD GBP have lot more important data coming out hence I anticipate more volatility there. Canada's rate will remain .5 and don't anticipate much weakness on Canadian dollar which would be nice for my shorts on AC and NC Zahra is great.Nice soothing voice.I am still high from some grass smoking...

I know the feeling mate. My opportunities very rare these days. Mines test us constantly.
  • #4,165
  • Oct 16, 2016 7:42pm Oct 16, 2016 7:42pm
I just closed A/U and A/C shorts for a couple hundred pips. A/U may bounce from WP, I had too much exposure short Aussie, still hold shorts A/N, A/J, E/A. Will watch to short A/C higher.
  • #4,166
  • Oct 16, 2016 8:34pm Oct 16, 2016 8:34pm
Closed earlier, happy with AN +82
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I know one thing, that I know nothing - Socrates
  • #4,167
  • Oct 16, 2016 8:44pm Oct 16, 2016 8:44pm
Quoting Tamarind77
Closed earlier, happy with AN +82 {image}

Well done mate. A bird in the hand is better than two in the bush. Closing mine too. A/J short closed as well.
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  • #4,168
  • Oct 16, 2016 9:00pm Oct 16, 2016 9:00pm
Quoting Tamarind77
Closed earlier, happy with AN +82 {image}
After I used Davit's pivot V3, my pivots are as shown in the picture below.

Can anyone clarify the reason why it changed? And my broker's time is the same as GMT time.
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Jakepuia
  • #4,169
  • Oct 16, 2016 9:27pm Oct 16, 2016 9:27pm
From post#2,867
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When Broker candle is set to true
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When Broker candle is set to False
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Best regards
  • #4,170
  • Oct 16, 2016 9:40pm Oct 16, 2016 9:40pm
Quoting MrAussieFX
From post#2,867 {image} When Broker candle is set to true {image} When Broker candle is set to False {image} Best regards
Thank you very very much.
Wish you a happy trading day.

Regards

Jake
Jakepuia
  • #4,171
  • Oct 16, 2016 9:52pm Oct 16, 2016 9:52pm
Long GU
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Let all the living things live blissfully
  • #4,172
  • Oct 16, 2016 11:10pm Oct 16, 2016 11:10pm
@MrAussieFX indi for daily, weekly, monthly stats. (dont forget to enable 'show all' on your account history).
Attached File(s)
File Type: mq4 i-Profit Tracker-Fixed.mq4   17 KB | 522 downloads
  • #4,173
  • Oct 16, 2016 11:13pm Oct 16, 2016 11:13pm
Hi Peeps

My trades from last week.. exited ANZD with small losses as i was not comfortable in the trade again.

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D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #4,174
  • Oct 17, 2016 12:02am Oct 17, 2016 12:02am
so far EUR is gaining strength.. but maybe i need to lower my TP
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  • #4,175
  • Oct 17, 2016 4:08am Oct 17, 2016 4:08am
A/U higher low, bouncing up from weekly pivot, TDI cross up, green arrows
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  • #4,176
  • Edited 5:27am Oct 17, 2016 5:16am | Edited 5:27am
Quoting Blackopal
A/U higher low, bouncing up from weekly pivot, TDI cross up, green arrows {image} {image}
just be aware important events on Aussie dollar starting from Monday

looks like nobody noticed this so I will repost again

Monday ‬1:35pmEST ‬EUR ECB President Draghi Speaks
‬Whenever he speaks we pay attention

5:10pm AUD RBA Gov Lowe Speaks
8:30pm AUD Monetary Policy Meeting Minutes
both events will effect the Aussie dollar.I like the fact Gov lowe speaks earlier so we could get a feel how this might move until 8.30 pm

Monday 5:45pm NZD CPI q/q 0.0% 0.4%
Change in the price of goods and services purchased by consumers;Note that forecast is negative.I have long time shorts on NC and this could break that tough 93 hopefully to 92
Tues 8:30pm GDT Price Index last action -3.0%
Dairy action effects NZD high impact last action was negative and NU dropped over 100pips in hours.
Thurs 8:30am EUR ECB Press Conference

This week is very heavy GBP news
If you still have EG shorts this week may push finally down like 200pips south

Tues 4:30am GBP CPI y/y 0.9% previous 0.6 positive forecast here

Weds 4:30am GBP Average Earnings Index 3m/y 2.3% no change here
Claimant Count Change 3.4K (2.4K previous) slight negative here.Less is better
Change in the number of people claiming unemployment-related benefits during the previous month
Unemployment Rate 4.9% (4.9% previous)

8:30pm AUD Employment Chang, 15.2K -3.9K
AUD Unemployment Rate 5.7% 5.6%
Employment change is very positive but unemployment rate forecast is slightly negative.This could be a miss bag data canceling each-other.

CAD heavy news but in my view as long as crude remains high above 50 or 49.50 CAD will remain strong.Rate will remain .5 no surprise there

China

Tues CNY GDP q/y 6.7% 6.7% very high impact if positive AUD and NZD may gain
Industrial Production y/y 6.4%6.3%

Wow this is going to be one challenging week.If Draghi becomes little more hawkish we could see Euro gain from recent drops.I think correction is likely.
AUD could get even stronger if Chinese data comes out positive however if Aussie data comes out negative this could cancel each other
In trading, you have to be defensive and aggressive at the same time
  • #4,177
  • Edited 5:40am Oct 17, 2016 5:29am | Edited 5:40am
This week is exceptional fundemetal heavy week and I suggest guys wait for the events results then make your trades or scalp if you must trade on smaller TF.
Can we see AU at 75? by Tues YES or could shoot up to 7670 61R however we can't predict what Lowe has for us on Monday.

My instinct tells me that RBA prefers cheaper weaker AUD and its unlikely for them to be hawkish unless they are ready to cut rates again.
Not so distant past they announced their ideal rate under today's economic conditions to be at 67-68 so its already way over appreciated mostly by carry over funds..
I am short on AUD through Yen and Cad but not USD
In trading, you have to be defensive and aggressive at the same time
  • #4,178
  • Oct 17, 2016 5:40am Oct 17, 2016 5:40am
Quoting Davit
{quote} just be aware important events on Aussie dollar starting from Tues looks like nobody noticed this so I will repost again Monday ‬1:35pmEST ‬EUR ECB President Draghi Speaks ‬Whenever he speaks we pay attention 5:10pm AUD RBA Gov Lowe Speaks 8:30pm AUD Monetary Policy Meeting Minutes both events will effect the Aussie dollar.I like the fact Gov lowe speaks earlier so we could get a feel how this might move until 8.30 pm Monday 5:45pm NZD CPI q/q 0.0% 0.4% Change in the price of goods and services purchased by consumers;Note...

Good morning over there to you mate. Thanks for reminder, have my eye on the upcoming events. It will be 8;10 A.M. tomorrow here when Lowe speaks, and 11:30 when monetary policy meeting minutes come out. I'm home renovating, was a carpenter as well as gemmologist in recent history, will have access to computer to keep an eye on developments and P.A. preceding news, may close trade prior to news.
  • #4,179
  • Oct 17, 2016 5:44am Oct 17, 2016 5:44am
Since it's so influential, here's an update on USD basket for everyone to keep track of. Is currently slipping just a bit from what has been a pretty flat day.
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  • #4,180
  • Oct 17, 2016 5:51am Oct 17, 2016 5:51am
Davit, please post random daily chart to make sure our pivot level is correct.
thanks
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