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Pivot Trading

  • #7,501
  • Feb 28, 2017 12:03pm Feb 28, 2017 12:03pm
Quoting fibo38
Entry {image}
i'm lookin at this also but you are just entering on the touch of 100? There isnt even any tdi or reversal confirmation here.

I am confused since the thread starter clearly states we need some kind of confirmation but can we enter based on the touch of 61-100 now?
  • #7,502
  • Feb 28, 2017 12:05pm Feb 28, 2017 12:05pm
Quoting CrocodileRex
{quote} calm down there. i didnt take the trade but i did see a PA reversal on the 61 and on the 15min ucad. There was a nice reversal bar and tdi. Didnt you guys agree? From my experience, that was a clear sign of tdi cross and off the 61. Isnt that a valid ucad trade? both arrows were at 4oclock that time. correct me if i am wrong. Edit: also, there's just not me who was looking on the canadians. Check out previous posts earlier. I think those guys got burnt hard. please report back here for those who have taken the trade. {image}
I took the trade 15min chart was bearish on UC but big boys had more in the tank.Happens.End of the month is most times unpredictable balancing the books etc.
175% ADR on UC this is more then usual and there will be corrections.

Usually when 1 commodity pair gets hit hard rest follow. I think After tonight's GDP Aussie might be next.
In trading, you have to be defensive and aggressive at the same time
  • #7,503
  • Feb 28, 2017 12:12pm Feb 28, 2017 12:12pm
Quoting Davit
{quote} I took the trade 15min chart was bearish on UC but big boys had more in the tank.Happens.End of the month is most times unpredictable balancing the books etc. 175% ADR on UC this is more then usual and there will be corrections.
ok, thanks for confirming i'm not the only one who watched this.
  • #7,504
  • Feb 28, 2017 12:27pm Feb 28, 2017 12:27pm
crude
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In trading, you have to be defensive and aggressive at the same time
  • #7,505
  • Feb 28, 2017 12:29pm Feb 28, 2017 12:29pm
Short on AC
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  • #7,506
  • Feb 28, 2017 1:06pm Feb 28, 2017 1:06pm
Hello Davit, Thank you for the great job;
I am silent reader of your great blog from Germany

Hello Davit, Thank you for the great job; I am silent reader of your great blog from Germany Thank you for joining us. Today was an interesting day.
  • #7,507
  • Feb 28, 2017 1:06pm Feb 28, 2017 1:06pm
With ADR @ 245% seemed to me like a high probability this pair needed to correct. Although it was way past my S100 TDI. Also gave me a Divergence...so took two positions and see what it does. Also all CADs probably start correcting.
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Invest in Life
  • #7,508
  • Edited 1:30pm Feb 28, 2017 1:12pm | Edited 1:30pm
Hi Traders,

Updated.
+ Took several short yesterday on Gold and ( Closed ),Currently have one short position & buy left on but watching these areas closely.
+ Open some buy position on en pairs ( UJ,CJ,EJ).
+ Long term position still running EA, EG, Gold

Have a nice week end.
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  • #7,509
  • Feb 28, 2017 3:00pm Feb 28, 2017 3:00pm
[Quote = CrocodileRex; 9609603] {} cotización que estoy buscando en este también, pero que sólo están entrando en el toque de 100? Tampoco hay incluso cualquier TDI o de confirmación de inversión aquí. Estoy confundido ya que el hilo de arranque establece claramente que necesitamos algún tipo de confirmación, pero podemos entrar basado en el toque de 61-100 ahora? [/ Quote]
The adr is very high. It's time for a break
  • #7,510
  • Feb 28, 2017 3:02pm Feb 28, 2017 3:02pm
Davit , yes I did get hard today in the USD/CAD spike. This spike seemed to come out of nowhere. I wasn't paying attention to Crude simply because I find that there is an intermittent connection between the two. I focus more on the DXY. I'm wondering if the market is responding to the budget news with respect to Trump's speech this evening before Congress. I'm holding put for now. Just curious to know if large buyers came into the market or were large shorts abandoned at these levels.
I live in Canada , and I cannot see Poloz raising rates.
Regards,
"Define the risk OUT of your trade"--Mark Douglas
  • #7,511
  • Feb 28, 2017 3:42pm Feb 28, 2017 3:42pm
24 hours trade
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+
  • #7,512
  • Feb 28, 2017 3:44pm Feb 28, 2017 3:44pm
Done for the month. Held some DD from last week but went into profit also entered at higher or lower pivot for max pips. Was patient, managed trades and made them profitable. Issue I said I would work on this week.

Holding peso buy from S38 TP R38
CADCHF buy from S200
EURCAD sell from R78 on DD Sold again on R161

Holding these but not interested on having trades open during Trump speech.

Results from Davits pivots for February...
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Invest in Life
  • #7,513
  • Feb 28, 2017 3:50pm Feb 28, 2017 3:50pm
dont touch
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+
  • #7,514
  • Edited 7:42pm Feb 28, 2017 7:28pm | Edited 7:42pm
Oil has recovered most of yesterday's losses but the Canadian has not recovered against most pairs, still very weak against the USD, reflected in other pairs.

Here's an article about oil prices. Oil chart has a rectangle with the top of it on yesterday's opening price. There was a strong 30 minute engulfing bull candle bounce from S38 towards WP.

http://www.cnbc.com/2017/02/27/us-oi...ompliance.html


Excerpt from article....
ut its oil output for a second month in February, allowing the exporter group to boost already strong compliance with agreed supply curbs on the back of a steep reduction by Saudi Arabia.
In February, supply from the 11 OPEC members with production targets under the deal has averaged 29.87 million bpd, down from a revised figure of 29.96 million bpd in January and 31.17 million bpd in December, according to the Reuters survey.
Compared with the levels the countries agreed to make the reductions from, in most cases their October output, this means the OPEC members have cut output by 1.098 million bpd of the pledged 1.164 million bpd, equating to 94 percent compliance


The Usd is strong today against most majors including yen, Euro, pound, NZD, Aussie. Allowing for the fact that oil is back up to WP, the weakness of CAD to other crosses seems excessive without other fundamental explanation.
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  • #7,515
  • Feb 28, 2017 7:41pm Feb 28, 2017 7:41pm
Some DD
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  • #7,516
  • Feb 28, 2017 7:49pm Feb 28, 2017 7:49pm
I close these orders from last week
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  • #7,517
  • Feb 28, 2017 7:51pm Feb 28, 2017 7:51pm
Morning Folks,

2 quick trades.. all the time I have.

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Cheers
MR
Silence your Ego & Your Power will Rise
  • #7,518
  • Feb 28, 2017 7:52pm Feb 28, 2017 7:52pm
Quoting Blackopal
Some DD {image} {image} {image} {image} {image}
AC and UC coming soon, 10 minutes and talk trump. we will see
  • #7,519
  • Feb 28, 2017 8:57pm Feb 28, 2017 8:57pm
4 entries and exits EA

N/U I had a pending set before I left home for a long night shift AUS time. It was nice to me. I only had small entry because I couldn't keep an eye on it.
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  • #7,520
  • Feb 28, 2017 9:26pm Feb 28, 2017 9:26pm
Quoting CrocodileRex
{quote} calm down there. i didnt take the trade but i did see a PA reversal on the 61 and on the 15min ucad. There was a nice reversal bar and tdi. Didnt you guys agree? From my experience, that was a clear sign of tdi cross and off the 61. Isnt that a valid ucad trade? both arrows were at 4oclock that time. correct me if i am wrong. Edit: also, there's just not me who was looking on the canadians. Check out previous posts earlier. I think those guys got burnt hard. please report back here for those who have taken the trade. {image}
Sorry croc, I wasn't attacking. I was just wondering about the trade triggers that were taken. Anything helps me learn more.
If you are good at something, never do it for free--Joker
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