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Pivot Trading

  • #7,421
  • Feb 26, 2017 12:36pm Feb 26, 2017 12:36pm
Quoting Mundo
{quote} Thank you. I love Chess...have not played in a while. Used to meet with a friend and play...he would teach me a lesson everytime...but it kept me sharp and consistently learning...until he moved a year ago. Have not played since. Will look at this for sure.
You'll find after few sharp games looking at the chart everything becomes more in focus.What I mean everything is news PA pivots mostly.In chess when you make a move its always in relation to other pieces on the board.You kind of start seeing the chart same way.You look at majors to see how crosses are doing,news due in 5min then you look at how PA is doing and how that might effect crosses.These kind of combination observations is critical in trading because it requires you be aware or pay the price of ignorance.
regards

Dendrites are the tree-like branches that conduct signals from other neural cells into the neurons they are attached to. Think of them like antennas picking up signals from other brain cells. The more antennas you have and the bigger they are, the more signals you’ll pick up. Learning a new skill like chess-playing causes dendrites to grow. But that growth doesn’t stop once you’ve learned the game; interaction with people in challenging activities also fuels dendrite growth, and chess is a perfect example.

Doctors used to think that humans stop making new neuron connections past early adulthood but new research shows in fact your brain grows all your life when property stimulated.
In trading, you have to be defensive and aggressive at the same time
  • #7,422
  • Feb 26, 2017 2:04pm Feb 26, 2017 2:04pm
Hi all - when does the indi update pivots for the new week? Only after open on Sunday?
Fall seven times, stand up Eight! #GGMU
  • #7,423
  • Feb 26, 2017 2:19pm Feb 26, 2017 2:19pm
New day, new opportunities.

+ RBA's Governor Lowe said that he expects "a period of stability" in interest rates.
+ Trumph want a weaker dollar
+ FOMC & AUD rate on 7 march.

Patience is a virtue... time will come.
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  • #7,424
  • Feb 26, 2017 4:43pm Feb 26, 2017 4:43pm
New Week.
Oders from final last week, The S61 is from las week. Now is S38.
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  • #7,425
  • Feb 26, 2017 5:19pm Feb 26, 2017 5:19pm
Here's Lien&Schlossberg's Forex outlook for next week
https://pepperstone.com/en/forex-new...ekly-27-2-2017

cheers
Be water, my friend
  • #7,426
  • Feb 26, 2017 11:57pm Feb 26, 2017 11:57pm
hi Davit,

i try your method with pivot fib .

exit AJ near pivot rejection

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AC still holding on as pivot break and target R38

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Look for it and you will find it
  • #7,427
  • Feb 27, 2017 12:15am Feb 27, 2017 12:15am
Quoting sniperdebt
New day, new opportunities. + RBA's Governor Lowe said that he expects "a period of stability" in interest rates. + Trumph want a weaker dollar + FOMC & AUD rate on 7 march. Patience is a virtue... time will come. {image} {image}
good post
tracking EG
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In trading, you have to be defensive and aggressive at the same time
  • #7,428
  • Feb 27, 2017 12:17am Feb 27, 2017 12:17am
Quoting braveh4rt
hi Davit, i try your method with pivot fib . exit AJ near pivot rejection {image} AC still holding on as pivot break and target R38 {image}
good start
In trading, you have to be defensive and aggressive at the same time
  • #7,429
  • Feb 27, 2017 12:18am Feb 27, 2017 12:18am
Quoting vickym
Hi all - when does the indi update pivots for the new week? Only after open on Sunday?
yes new week generally starts from lets say beginning of the week?
In trading, you have to be defensive and aggressive at the same time
  • #7,430
  • Feb 27, 2017 12:22am Feb 27, 2017 12:22am
Aussie GDP q/q is expected to be positive so play it safe until Tues night 7.30pm EST
We may see push then dump on the Aussie and that goes on crosses as well.Much of the gain coming from higher Iron ore prices but fundamentally Aussie economy is still on shaky grounds.
Speaking of Iron ore interesting article
On Tuesday, the most-traded iron ore on the Dalian Commodity Exchange climbed as high as 741.50 yuan ($108) a ton, its highest price since the contract was launched in October 2013. The commodity also climbed on Monday.
While traders are betting on an increase in demand for iron ore in coming months as the construction season returns in China, currently, there is a large amount of supplies sitting at Chinese ports. According to SteelHome consultancy, stockpiles of imported iron ore at major Chinese ports has reached 127.55 million tons, the most since at least 2004. China imported 92 million tons of iron ore in January, up 12% compared to a year ago.
The rally in iron ore prices has defied expectations, but analysts are still calling for a price correction. Steel demand in China is expected to moderate this year as China wraps up its infrastructure spending programs while new iron ore supplies are entering the market. Both analysts and major miners are bracing for a pullback in prices BMO Capital Markets, one of the more bearish banks, sees iron ore averaging $45 by the start of 2018.
In trading, you have to be defensive and aggressive at the same time
  • #7,431
  • Feb 27, 2017 12:33am Feb 27, 2017 12:33am
so far 2 rejection candles on AC WP proving major R
Isn't this fun guys? Love trading
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In trading, you have to be defensive and aggressive at the same time
  • #7,432
  • Feb 27, 2017 12:50am Feb 27, 2017 12:50am
Quoting fibo38
New Week. Oders from final last week, The S61 is from las week. Now is S38. {image}
just be careful on this.March expectation of hike is low and USD may see further decline soon until May and UJ at 108 is not unreasonable by May
In trading, you have to be defensive and aggressive at the same time
  • #7,433
  • Feb 27, 2017 1:04am Feb 27, 2017 1:04am
Seems my AC pivot differ from you.

Yours is below pivot, and mine is above pivot.

i use default setting from template.

no i adjust to use broker candle = false and set to last week H1 start and end candle on 5am .

now almost same with your pivot.

and closed with +16 pips.

Attached Image (click to enlarge)
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So based on rejection, better to short with target R38 as H! TDI and M30 TDI at the top now.
Look for it and you will find it
  • #7,434
  • Feb 27, 2017 1:09am Feb 27, 2017 1:09am
Quoting Davit
{quote} yes new week generally starts from lets say beginning of the week?
What I meant was will the pivots update 'only' after the new week start or right after the week ends; the indicator has the required data in both cases anyway.

I refreshed my charts and could see the updated pivots, thanks!
Fall seven times, stand up Eight! #GGMU
  • #7,435
  • Feb 27, 2017 1:33am Feb 27, 2017 1:33am
Quoting vickym
{quote} What I meant was will the pivots update 'only' after the new week start or right after the week ends; the indicator has the required data in both cases anyway. I refreshed my charts and could see the updated pivots, thanks!
It was just a joke
green pips
In trading, you have to be defensive and aggressive at the same time
  • #7,436
  • Feb 27, 2017 2:04am Feb 27, 2017 2:04am
Orders from last week,
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  • #7,437
  • Edited 6:15am Feb 27, 2017 2:06am | Edited 6:15am
im short in xaueur and after the waiting now running south from R38 maybe to Pivot.

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Update 1:

Have another entry at 78 fibo

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Look for it and you will find it
  • #7,438
  • Feb 27, 2017 6:03am Feb 27, 2017 6:03am
How Private message with other members ?
  • #7,439
  • Feb 27, 2017 6:48am Feb 27, 2017 6:48am
Buy EA as ussual...
100 pips
Attached Image (click to enlarge)
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Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #7,440
  • Feb 27, 2017 7:25am Feb 27, 2017 7:25am
Update
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