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Pivot Trading

  • #6,241
  • Jan 24, 2017 8:11am Jan 24, 2017 8:11am
Quoting Davit
hope you guys still on AC shorts.Dropping fast now
Im still on UCAD and AUDCAD and NZDCAD
So hard on EA
I know one thing, that I know nothing - Socrates
  • #6,242
  • Jan 24, 2017 8:15am Jan 24, 2017 8:15am
Quoting Tamarind77
{quote} Im still on UCAD and AUDCAD and NZDCAD So hard on EA
EA be patient.
It was 100pips lower last week...monthly close coming up next week might create strong up move
In trading, you have to be defensive and aggressive at the same time
  • #6,243
  • Jan 24, 2017 8:19am Jan 24, 2017 8:19am
Quoting Davit
{quote} EA be patient. It was 100pips lower last week...monthly close coming up next week might create strong up move
Yes, Thanks Davit
since i have build with right lot, its not hurt me, so i can manage them.
I know one thing, that I know nothing - Socrates
  • #6,244
  • Jan 24, 2017 8:35am Jan 24, 2017 8:35am
Hi Davit,

just a quick question, do you still change weekly H1 start candle and H1 finish candle? and set Broker's candle to false?
Or broker's candle is always set to true?
  • #6,245
  • Jan 24, 2017 8:47am Jan 24, 2017 8:47am
For those still struggling to set the pivot to be exactly aligned to Davit's pivot.
For this week settings, according to his latest post on the #6238 AU, #6239 NU.

Use this on the Oanda demo account. You will see the pivot is aligned to Davit's.
Load his template and change the setting on the indicators Davit Pivot V3.


It needs to be change every week when you set Broker's candle to false.
Attached Image
  • #6,246
  • Jan 24, 2017 9:06am Jan 24, 2017 9:06am
Update on UCAD
Very beautiful R38 Davit Pivot and retracement on 61 Fibo daily.
Selling the rallies.
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I know one thing, that I know nothing - Socrates
  • #6,247
  • Jan 24, 2017 10:40am Jan 24, 2017 10:40am
USDJPY looks good for a long.
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  • #6,248
  • Jan 24, 2017 10:46am Jan 24, 2017 10:46am
Quoting Davit
hope you guys still on AC shorts.Dropping fast now
here.
Always on AC (target 0.98700), waiting for EA to go up and considering to close my last tickets on AJ.
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"Letting losses run is the most serious mistake made by most investors."W.O
  • #6,249
  • Jan 24, 2017 11:42am Jan 24, 2017 11:42am
Quoting Davit
hope you guys still on AC shorts.Dropping fast now
Targeting S38
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  • #6,250
  • Jan 24, 2017 7:12pm Jan 24, 2017 7:12pm
AN on the move just as Davit said

Starting to build micro longs.
  • #6,251
  • Jan 24, 2017 9:53pm Jan 24, 2017 9:53pm
Quoting GreenEarth
Mraam , although I am a newbie to Forex I HAVE FOLLOWED FINANCIAL MARKET NEWS FOR YEARS. From my perspective on this topic , I hold the probable belief that if Trump is to accomplish his "MAKE AMERICA GREAT AGAIN" campaign promises , the USD HAS TO STAY RELATIVELY LOW , BUT, HIGH ENOUGH TO REMAIN A SAFE HAVEN CURRENCY. (In one of Trump's recent speeches he remarked that he needs "a little luck") THUS , JANET YELLEN and her team cannot determine how many rate hikes , if any , without a clear direction on Financial Policy from the Whitehouse. From...
Interesting perspective GreenEarth. Likewise ive always applied FA on investments, valuation as well as economic indicators. Forex though is unique in the sense that many factors come into play. So one must take heed of both TA & FA.

My take on whats coming down the road, based on what ive read and seen so far, eg
- Moving factories onshore (Case in point the disbanded Mexican car factory)
- Tax relief for corporations
- Tax increase/penalties for offshore US companies
- Possible trade war
- Renegotiation of trade deals
- US/CAD oil pipeline
- & many others

Seems to point to a few things 1) Increase domestic consumption 2) Create jobs 3) Local Production & Manufacturing. Point 3) is interesting because there could be plans to increase US exports & if this is the case a cheaper dollar would make sense. GDP will rise & so will Net Debt.

News from the wires - trump to sign executive order on visa ban for several muslim countries.

Uncertain times.

Green Pips
MR
Silence your Ego & Your Power will Rise
  • #6,252
  • Jan 24, 2017 11:20pm Jan 24, 2017 11:20pm
good evening guys
closing some trades
AC+865pips
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #6,253
  • Edited Jan 25, 2017 12:40am Jan 24, 2017 11:22pm | Edited Jan 25, 2017 12:40am
NU +85pips
Kept it 8hrs but not going south so taking what I can.USD still weak so this might go higher since I think UJ can still continue going lower which creates momentum for other majors to follow.
With this mindset its best I stay clear from buying USD for now.Does not mean NU can't drop below 72 but I trade what is right for me.
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In trading, you have to be defensive and aggressive at the same time
  • #6,254
  • Jan 24, 2017 11:30pm Jan 24, 2017 11:30pm
Strong start for new year.Jan so far 16% account growth
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In trading, you have to be defensive and aggressive at the same time
  • #6,255
  • Jan 24, 2017 11:42pm Jan 24, 2017 11:42pm
after poor data on AUD I anticipate EA finally to continue going north.This has been rather strenuous trades for lot of folks here including MoneyTalk and others.Light end of the tunnel.I anticipate once London and NY come in play this will go higher.
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In trading, you have to be defensive and aggressive at the same time
  • #6,256
  • Jan 25, 2017 12:44am Jan 25, 2017 12:44am
Quoting Davit
good evening guys closing some trades AC+865pips {image}
Hi Davit, why not holding its a little bit longer?
Are you waiting for retracement and loading again?
Regards.
I know one thing, that I know nothing - Socrates
  • #6,257
  • Jan 25, 2017 12:47am Jan 25, 2017 12:47am
Quoting Tamarind77
{quote} Hi Davit, why not holding its a little bit longer? Are you waiting for retracement and loading again? Regards.
had to close to be able to open new trades like AN
It was taking too much margin and I am happy with the $$ not greedy
If you look at the UC its going up slightly so if AU and UC move same pace not much bear action on AC
That's my reasoning.Closed open new fronts to battle.Sort of moving troops around.
Generally I don't like to focus on 1 currency.Between EA AJ and AC my exposure to Aussie dollar is too great.Had to trip the herd.Another reason why...closed my AC
In trading, you have to be defensive and aggressive at the same time
  • #6,258
  • Jan 25, 2017 12:50am Jan 25, 2017 12:50am
Can't let this go
AN always loved going long on this pair.Might dip below 400 but always comes back
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #6,259
  • Jan 25, 2017 12:56am Jan 25, 2017 12:56am
As you can see daily 380-60 zone has been major support for this pair and its likely to get there hence why only invested 25% of my intended lots so far.
In general terms this is by far "safest" long positions to build since money always flows to Aussie...and NZD economy is not great either.
Funny part I do want it to go lower to load more even though that might add some DD it will be minor.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #6,260
  • Jan 25, 2017 1:03am Jan 25, 2017 1:03am
Added four long positions to AUD/NZD
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Added two short positions to GU
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