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Pivot Trading

  • #7,301
  • Feb 23, 2017 12:12pm Feb 23, 2017 12:12pm
Quoting sniperdebt
{quote} Hi Traders, New week, new opportunities. Last week of the month[Feb, profit taking]. Still DD on some pairs. {image}
today trades
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  • #7,302
  • Feb 23, 2017 2:13pm Feb 23, 2017 2:13pm
Fibo38 , are you now long US/CAD ?
"Define the risk OUT of your trade"--Mark Douglas
  • #7,303
  • Feb 23, 2017 2:38pm Feb 23, 2017 2:38pm
Quoting GreenEarth
Fibo38 , are you now long US/CAD ?
At the moment not
  • #7,304
  • Feb 23, 2017 2:52pm Feb 23, 2017 2:52pm
Read this about iron ore inventories in China

https://www.google.co.uk/amp/mobile....android-h3g-gb
  • #7,305
  • Feb 23, 2017 4:22pm Feb 23, 2017 4:22pm
Quoting Davit
Lets get down little deeper what I dislike and why. Lots of traders at FF drawing LINES and assume because certain TL intersect then something else could happen on Price.This way of thinking is total amateurish and one only has to understand that there are dynamic traders that do move price and their reasoning of pushing price up or down is independent of any TL. Ironically his prediction did not materialize...Price did break 7691 and after some hiccups back below it. You might be surprised I have been studying lot of guys here for educational purposes.Sometimes...

I just thought I'd clarify my views on this post. We all know that traditionally investors in stocks and Forex rely heavily on charts and trend lines to help them determine entry points and try to predict future direction. And we've all tried this ourselves. I've had more success with Davit's system than with any other I've ever tried. I still don't mind keeping an eye on trend lines to provide potential confluence for entries based on Davit's pivots. But as Davit points out in his post, breaks of trend lines often do not eventuate in predicted results. And picking the points for drawing the lines is not a precise science by any means, with spikes and wicks etc. to consider. Probabilities, fibs, multiple entries and price action combined have improved my results, and basically it's a much simpler trading method, with more CONSISTENT results.

Made a couple of short entries N/U this morning. Bearish 4 HR pinbar, R38 support/resistance level
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  • #7,306
  • Feb 23, 2017 5:18pm Feb 23, 2017 5:18pm
https://www.businessinsider.com.au/t...nd-fast-2017-2



Spot markets slumped on Thursday following a late plunge in Chinese futures, and with the latter down heavily again overnight, it looks like the weakness may extend into a third session.
According to Metal Bulletin, the spot price for benchmark 62% fines tumbled 3.14% to $91.34 a tonne, accelerating on the 0.6% slide recorded in the prior session.
It was the largest one-day percentage decline since January 6.



SHFE Copper 47,480 , -2.61%
SHFE Aluminium 13,630 , -2.75%
SHFE Zinc 22,560 , -2.67%
SHFE Nickel 87,550 , -2.05%
SHFE Rebar 3,479 , -0.94%
DCE Iron Ore 687.00 , -4.05%
DCE Coking Coal 1,217.50 , -0.37%
DCE Coke 1,664.00 , -0.57%
  • #7,307
  • Feb 23, 2017 5:34pm Feb 23, 2017 5:34pm
Quoting fibo38
Davit I put a scrip that can be of help for many people. Place 3 orders at once, you can set the size, stop and profit. It would be nice if some programmer can be added more than 3 positions at a time and you can also enable and disable the stop. I think it's interesting. For this trade PA. {file} {file}

How do i put it in mt4 ? it is not working for me
  • #7,308
  • Feb 23, 2017 5:45pm Feb 23, 2017 5:45pm
Today a question was raised as to why AUD's so strong lately. These thoughts are from a blog I follow (marctomarket.com):

Australia's government auctioned a record A$1.1 bln of 11-year bonds today, and the demand for the 2.75% coupon was strong. The government has been stepping up the size of the auctions in recent months. The demand appears to have helped the Australian dollar return to the upper end of its $0.7600-$0.7700 range that has confined most of the price action this month. The strong demand at the auctions is the good news, but the record size auctions reflect the fact that Australia's budget deficit is expected to widen this year to a little over 2% this year from 1.5% last year. S&P has a negative outlook for Australia's AAA rating since last July. The government will update its fiscal projections in May.
Be water, my friend
  • #7,309
  • Feb 23, 2017 6:06pm Feb 23, 2017 6:06pm
"Australian Government bonds are highly secure investment products. Their returns set a benchmark for the market. With these types of bonds you lend money to the government at an agreed interest rate for a certain amount of time. The Government will pay the interest and return your principal at maturity."

Short term impact I suppose on A/U as a lot of U.S. and other currencies just bought Aussie to buy these bonds? Oz just added to it's debts at a high interest rate comparable to those in Other top ten currency markets. No positive for the country"s economy in that fact.
  • #7,310
  • Feb 23, 2017 6:12pm Feb 23, 2017 6:12pm
[Quote = Peta; 9593267] {quote} ¿Cómo puedo poner en MT4? que no está funcionando para mí [/ quote]
Put in scrip folder
  • #7,311
  • Feb 23, 2017 6:38pm Feb 23, 2017 6:38pm
Quoting fibo38
[Quote = Peta; 9593267] {quote} Cmo puedo poner en MT4? que no est funcionando para m [/ quote] Put in scrip folder

Added A/C short on bump back up towards R68. Looking for week close at W.P.

Two more N/U shorts just below daily open
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  • #7,312
  • Feb 24, 2017 1:24am Feb 24, 2017 1:24am
GBPCHF starting to move south at R78
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If you do not risk it, you cant make it, you cant risk nothing for somethin
  • #7,313
  • Feb 24, 2017 2:33am Feb 24, 2017 2:33am
dont have time to watch over at the pc just coming back form IKEA need to set up new desk and some furniture Quick few pips and let the weekend start!!
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The only thing that will make us successful is if we can control ourselves!
  • #7,314
  • Feb 24, 2017 2:58am Feb 24, 2017 2:58am
go
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  • #7,315
  • Feb 24, 2017 3:00am Feb 24, 2017 3:00am
Quoting fibo38
go {image}
hit
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  • #7,316
  • Feb 24, 2017 3:27am Feb 24, 2017 3:27am
Quoting fibo38
go {image}
Quoting Gigant
{quote} hit {image}
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  • #7,317
  • Feb 24, 2017 3:38am Feb 24, 2017 3:38am
jpy strong up uj
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  • #7,318
  • Feb 24, 2017 4:07am Feb 24, 2017 4:07am
Just began reading from first page, was surprised by the accuracy of the pivot.

Thanks

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Be a spectator, not a player
  • #7,319
  • Feb 24, 2017 4:16am Feb 24, 2017 4:16am
Gold is very extended between WR78 and WR100. good day
  • #7,320
  • Feb 24, 2017 5:04am Feb 24, 2017 5:04am
Quoting Blackopal
{quote} I agree, congratulations, I watched this trade too but I only took one bite of it yesterday, I took my shorts on A/C instead, thinking A/U should drop, which made A/C a better option. May work yet.....A/U may yet close down b4 the week end. {image}

Aussie is giving some ground
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