Pivot Trading

Happy new year to you too Davit. I too am sorry to hear that you will not be posting here as regularly, your knowledge has been a wonderful gift to me and to the majority of traders here. I can only thank you and wish all the best for your family in the future and if you ever decide to come to NZ you are more than welcome to stay here. Do hope that you post here from time to time and let people know how you are doing , Once again all the best.

UJ it's about time. Interesting watching.

Have a pipsful new year. Davit thank you so much for this thread again.

May the pips be with you.

Pair worth putting on your watchlist
AC at strong support however you must wait for market intentions on new year to see which way Aussie will get pushed.
When trading crosses please look at the majors AC is basically AU+UC difference of this becomes AC. It's a good habit always to look at the majors for clues for crosses.

Have currently NU longs UJ shorts AN longs and EU longs on various levels.Looking to get in on AU longs hopefully at lower below 72

You welcome.Thanks everyone for well wishes. Its important that you give this system at least 3 months to test out.You must have larger sample size to see the edge.
Most of you won't be here in 3 months as already proven 95% of guys posting from the beginning of this thread no longer here.
Its important to develop commitment because framing this in narrow parameters allows clarity OF EXECUTION.This is why jumping from system to system is counterproductive and costly.
Stay focused and master one technique before moving on to another.
cheers

Davit , thank you. I take those words VERY , VERY SERIOUSLY !!

Hi Davit
Hi everyone

Happy New Year 2017

Closed EURUSD +330 and EURCAD +611
Yummy +941 pips Thanks Davit

EU I just took some partial profit. The trailing stop is running lets see

Hello Forex Traders

The following chart from Finviz shows what the 10 Year US Bonds are doing.

http://finviz.com/futures_charts.ashx?t=ZN&p=h1

These 10 Year US Bonds or sometimes called Treasuries are the KEY to what will happen in the markets.

If you care for more information on this subject then please visit our thread. Have a great and successful Forex trading year.


Benjaminis

http://www.forexfactory.com/showthre...620091&page=36

Really nice, i could use these indicatore for my ea based on pivots, ilk definitively keep anche eye on this

Just took this trade, lets see how many pips I can get from this trade

1. Oil hits 18-month high as output deal kicks in
Oil prices rose sharply in the first trading session of 2017 on Tuesday, as traders watched developments surrounding the landmark deal reached by the Organization of the Petroleum Exporting Countries and several non-OPEC oil producers to reduce their output this year.
U.S. crude was up $1.18, or 2.2%, to $54.90 by 6:00AM ET (11:00GMT), after touching $55.24, a level not seen since July 2015.
Meanwhile, Brent rose $1.21, or around 2.1%, to $58.03 a barrel, the most since July 2015, amid optimism over planned output cuts by major global oil producers.

2. Dollar climbs back toward 14-year high
The U.S. dollar resumed its rally on Tuesday, climbing back toward its 14-year-high against a basket of currencies as the prospect of rising U.S. interest rates this year kept sentiment bullish.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.95% at 103.34 in early trade, within sight of a 14-year peak of 103.62 touched on December 20.
Against the yen, the dollar was up around 0.65% at 118.26, not far from an 11-month high of 118.65.
Meanwhile, the euro slipped 0.55% against the greenback to 1.0398, moving back toward a 13-year low of 1.0352.
3. Global manufacturing PMI's hit multi-year highs
Signs of solid factory growth in China, the U.K. and Europe gave the global manufacturing sector a solid boost heading into the new year.
The China Caixin manufacturing purchasing managers' index, a private gauge of nationwide factory activity, rose to 51.9 in December from 50.9 in November, data released earlier showed.
The figure marked the strongest upturn in Chinese manufacturing conditions since January 2013.
In the U.K., manufacturing activity registered an unexpected increase in December, hitting a 30-month high and bolstering confidence over the British economy.
Data released Monday showed that manufacturers in the single currency bloc ramped up activity at the fastest pace in more than five years.

Morning fellow traders...
NZDJPY on anyone's list?

First of all, Happy new Year to Mr. Davit and all members of this thread :-).
Back to trading after hectic job about building evacuation drill..

Pair NU, 55 pips so far :-), still going..

Good Day everyone

There has been some interesting news overnigh,t as Rockey007 has pointed out. Today for the moment we have Risk On. That may or may not change once the North American equity markets open for profit taking and other reasons. We shall see and this week major fundamental news is coming out ending with NFP.


Benjaminis

http://www.forexfactory.com/showthre...620091&page=37

Thank for Davit advise, I am currently long AC with 5 positions.

AN

Hi to all,
My first trade of 2017. hope it will go well.
DAVIT, you taught me a lot, i am thankful to you with every trade i catch.
Hope you and your family specially your son is doing well, wish your son a complete and quick health.

Some excellent posts here.Thank you guys

Starting new year with a bang! AN closed +518pips
May wait for correction dip and get in again. 77 ADR on normal 47 so 30 overshoot anticipating 423 38R to be touched again