Pivot Trading

AN appears to gravitate towards S61 will be watching this closely.On greater scheme of things longer term PA will go north.

Closed EA on spike +317pips

anticipating a dip again for reload.

AU close to sell zone but on the fence on this in case big boys want to flash out all weak shorts

Change the broker to Oanda.

me too! although fxcm is pretty similar

NJ stalling at R61
we have not had any meaningful retrace on UJ which keeps crosses climbing.
Might change this Weds after rate decision.

Working on it thank you

Power of pivots right to the T

Hi Davit hope your son is recovering well at home have been taking a break from trading in major dd on NJ.

and here hehe

AUDCAD

missed this one

LOL

Excellent Chart on EUR/USD

I am posting now here a fascinating link concerning Silver Manipulation from Bloomberg. https://www.bloomberg.com/news/artic...-a-dozen-chats

Keep up your excellent work.

Benjaminis

Hello

This chart shows what happened in the last 24 hours. Why it happened fundamentally lets you confirm it with the technical indicators. If you are interested in why please have a look at my thread. Thanks.

http://www.forexfactory.com/showthre...=620091&page=6


http://www.zerohedge.com/news/2016-1...ops+to+zero%29

Hi everyone, i missed the rallye on USDJPY, i shorted from 116.00 but got stopped on the entry ( my bad i moved the SL to the entry point). The target was R38,
hope i catch another good signal for today .

Anyway atleast i know i'm on the right way. Have a nice day everyone, and Davit hope your son is recovering well.

Edit : btw i bought the book of mark douglas trading in the zone today.

Disclaimer: Opinions are not to be viewed as investment advice. There is RISK in trading Forex.

Please note the Quote From Mr. Davit:

Here is how to trade pivots.
As price travels progressively away from weekly pivot it becomes more likely to go into correction.

61 S/R key zone 78R/S is Scott Carney's last chance for reversal (spikes stops taken before reversal) 100R/S another major zone.
Should price smash 100 S/R then you are in strong trend supported by fundamentals.

Pivots can be traded both with the trend and against.I personally don't subscribe to typical bookish mentally that if previous H4 is bear then assumption should be another bear candle.This is very wrong way to look at the markets.Markets are in constant motion and within 1 H4 candle price can move opposite over 100pips against previous candle so its not about previous candles but where price is in relative to pivots.In simple terms Location is what is important.
I trade 15-30min charts however bigger works as well.

TDI is our friend.When price hit major pivots we wait for TDI to turn thus confirm the move.Sharp angles important when its almost horizontal PA is weak or consolidating thus avoid trading.
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Despite that, USDJPY the price action. S38 support, TDI was friendly and H1 Trend break and retrace back to the best price with small SL and entry was taken. There is always another opportunity ahead meantime I'm focusing on Flawless Execution

AU

4th Dimension Explained By A High-School Student. How cool is that 0:

My opinion, this is four pair that worth to watch for today:
AUDCAD
NZDCAD
AUDUSD
NZDUSD