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Attachments: Pivot Trading
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Pivot Trading

Another Gap Up

GBP JPY.
Only one position trade as monies tied to USD JPY/
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Let all the living things live blissfully
Two position on EUR JPY

Gap Up
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Let all the living things live blissfully
Simple Set Up for USD JPY. Look at this Post #4,712 when I made an entry.

I got couple of question in my inbox on the set up I used for Davit Pivot Method.

Please look at the chart attach for simple explanation.

Basically, I scan chart where price is in consolidation or in areas of S/R.

Look at USD JPY consolidated on 3rd and 4 th Nov.

Important ! Then look at the Price Action in relation to Pivot Point.

In this case look at price structure when price is bouncing between S100 and S78.

There is Inverted Hammer ( Pin Bar) that definitely mislead traders to short this pairs prematurely.

If this trade went wrong, I m set to loose around 25-30 pips to swing low.

This is very low risk trade, because the set up is perfect for Davit's Pivot Point System.

If you think you got a set up . please post in this thread, we look and discuss it together.

Everybody has their own ways to approach this method, but the key is always remains with Pivot Point and Price Action.

Sincerely

Arjun
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AUD CAD

Looking at set up.

This high match the highest in April 2014.

Will check back every 4 hours on how the PA formation. Currently , its filling up the gap.

Anyone want to share views on this pairs ?

EDIT : Another Chart for Support Area
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Hello Arjun,

I think UCHF gonna ramp up unless it dips for few pips.

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Thank you,
Quoting Arjun-LE1
AUD CAD Looking at set up. This high match the highest in April 2014. Will check back every 4 hours on how the PA formation. Currently , its filling up the gap. Anyone want to share views on this pairs ? EDIT : Another Chart for Support Area {image} {image}
I am short on AC and NC both are way overstretched.Both due serious corrections
to me both are more longer term trades so requires patience
NC in particular is at historical high and if they cut rates to 1.75 I anticipate drop to 95
In trading, you have to be defensive and aggressive at the same time
EUR AUD Set Up

Looking at LONG set up.

Ealy this month, Pin bar on Daily Time frame. Price push to test the resistance.

Today price gap down and start moving up to the 1.45940 resistance area.

Keeping close watch on this pair
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Let all the living things live blissfully
Guys please I really like to see more engagement to Arjun posts and in general.Can't just wait passively until someone posts a gold nugget.
In trading, you have to be defensive and aggressive at the same time
Quoting Davit
Guys please I really like to see more engagement to Arjun posts and in general.Can't just wait passively until someone posts a gold nugget.
FYI I'm guilty of primarily lurking as I think the thread interesting but haven't yet had the time to wade through the mechanics of chart setup, partly as I suspect it involves a metatrader platform (which I don't currently use) and partly due to other restrictions on my time. Hope to do so in future but expecting it will be a while off yet.
Hope for the best, prepare for the worst.
Hello fellows,
Lucky trade when i started build possition on UJ at Friday last week
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Quoting longbk
Hello fellows, Lucky trade when i started build possition on UJ at Friday last week {image}
its nice when it works.good job
In trading, you have to be defensive and aggressive at the same time
Quoting Arjun-LE1
EUR AUD Set Up Looking at LONG set up. Ealy this month, Pin bar on Daily Time frame. Price push to test the resistance. Today price gap down and start moving up to the 1.45940 resistance area. Keeping close watch on this pair {image}
I have an opposite view on EA for 2 reasons,

1) Looking at the 4H chart, price couldnt push through R38, it looks the same on the daily for the past few candles
2) Gap up couldnt sustain its momentum, first 4H candle got pushed back, observe the 2nd candle - Red crossing/closing below Pivot.

Also 2 things to be aware of - 1) There will be volatility in the next few days wild swings can be expected & 2) Trading at Pivot line could go either way.

Already @ BE.

Cheers & Green Pips
MR
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Silence your Ego & Your Power will Rise
Guys i think eurnzd will go up but i am not sure about the entry level. Should i eait more to see additional pa?
fakey narrow channel breakout play on the H4 - trade off the back of red news - entry wit sellstop [sat it under R38 as priced was approach'n R61] that way if price shot up passed R100 i would have a chance of missing the trade [a good ting ] ..... tried add'n but messed up [bad entry] so stoped @ 2 tickets ....... didnt expect huge gap down - just lucky
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Long EUR AUD
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Hi Arjun,
My candles seem to match up with everyone else based on the same pairs and time frames but not with yours I believe there may have been somthing i have missed but you candles formation never seems to be the same as mine. I have scrolled though a number of pages for answer but found none.
Many thanks for clarifying

PS: that chart above i have a match but your USD/JPY 4hr my candles post 4743 dont!!
LH
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Quoting Arjun-LE1
Long EUR AUD {image}
trading in the direction of the trend - 4hr pin bar with a price rejected at S38 zone and daily pin bar that reversed the trend to bullish.
whole structure is under correction at point c of wave count. TDI angle in agreement

I'm in.
Quoting RSA-Pips
{quote} trading in the direction of the trend - 4hr pin bar with a price rejected at S38 zone and daily pin bar that reversed the trend to bullish. whole structure is under correction at point c of wave count. TDI angle in agreement I'm in.
What is the target? I cant reach the charts due to work.
Quoting Arjun-LE1
EUR AUD Set Up Looking at LONG set up. Ealy this month, Pin bar on Daily Time frame. Price push to test the resistance. Today price gap down and start moving up to the 1.45940 resistance area. Keeping close watch on this pair {image}
Nice one Arjun

I am in this too since close to two weeks, nice setup for the longer time, from a weekly perspective. Sorry cant post charts now
D labour of a fool wearieth him cos he doesn't know how to enta d city
closed EC shorts +568Pips
Not sure with election how CAD is going to perform.So taking my pips out
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In trading, you have to be defensive and aggressive at the same time
2 traders viewing now