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Pivot Trading

  • #9,201
  • May 14, 2017 7:59am May 14, 2017 7:59am
Quoting DrForexMD
Thank you all, especially Mr. Davit, for his very excellent FF Thread and selfless teachings in Forex trading! However, I am very concerned why my Oanda GMT-5 Demo account bypassed my TP on AN with Friday's NY Close? I lost -26.9 Pips in a wham move by the MM Bears without profiting. Apparently, this was a small demo loss of $1.38 USD with only one micro lot of 0.01. However, this could be worse with multiple lots of any size. Did anyone else experience a AN loss, too? Is it that Oanda doesn't really directly handle the AN pair...
Hi DrForexMD
This is common at close pairs like AN spread can increase as much as 30pips and the reason your SL did not get hit because even though on the chart looks clearly passed SL but in actually SL gets triggered after the spread.
I have Oanda and have no issues since I don't set hard SL's however I had MBtrading and I did close that account.I like Oanda but if you are going to scalp I suggest find brokers that charge less spread on majors then Oanda.In Scalping every pip counts.
regards
In trading, you have to be defensive and aggressive at the same time
  • #9,202
  • May 14, 2017 8:55am May 14, 2017 8:55am
I have been thinking about using the Fib Pivot+TDI method to trade stocks for a while now, however charting is a challenge since Indian stocks are not available on MT4 platform.

As a trial, I manually charted the pivots on tradingview. The power of this method does not stop amazing me, posting sample charts from last week for a couple of scripts. I will be paper trading stocks using this method for the next few weeks on a selected group of scripts - I am sure these will work as well as on Fx.



Davit - did you try this method ever on stocks? Curious to know your findings

Cheers
Vicky
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Fall seven times, stand up Eight! #GGMU
  • #9,203
  • May 14, 2017 9:01am May 14, 2017 9:01am
Quoting vickym
I have been thinking about using the Fib Pivot+TDI method to trade stocks for a while now, however charting is a challenge since Indian stocks are not available on MT4 platform. As a trial, I manually charted the pivots on tradingview. The power of this method does not stop amazing me, posting sample charts from last week for a couple of scripts. I will be paper trading stocks using this method for the next few weeks on a selected group of scripts - I am sure these will work as well as on Fx. Davit - did you try this method ever on stocks? Curious...
stocks are costly to trade.Every transaction plus stock price.I find forex cheapest to trade and I like fundamentals on it easier to understand.
In trading, you have to be defensive and aggressive at the same time
  • #9,204
  • May 14, 2017 9:31am May 14, 2017 9:31am
Happy how AC is unfolding.It worked exactly how I drew the chart.
UC is in DD and needs time.Nothing to worry or panic.Remember if you panic then you are over trading. EC is in DD but minor and I have great expectation this clasping soon.
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In trading, you have to be defensive and aggressive at the same time
  • #9,205
  • May 14, 2017 9:37am May 14, 2017 9:37am
South Korean military: North Korea launches ballistic missile
This should make Yen stronger.Interesting to see how it opens but could drop UJ hard.105 next few months would be sweet
In trading, you have to be defensive and aggressive at the same time
  • #9,206
  • May 14, 2017 12:03pm May 14, 2017 12:03pm
Quoting Davit
South Korean military: North Korea launches ballistic missile This should make Yen stronger.Interesting to see how it opens but could drop UJ hard.105 next few months would be sweet
Hey Davit, thank you for your insight regarding the Yen; combine that with the fact that the EU gap is still waiting to be closed and we get a very high probability of EJ going South like a rock. I mean like a lot :-D
Regards
Trading: the world's hardest way to make easy money.
  • #9,207
  • May 14, 2017 12:24pm May 14, 2017 12:24pm
Quoting BenNeriah
{quote} Hey Davit, thank you for your insight regarding the Yen; combine that with the fact that the EU gap is still waiting to be closed and we get a very high probability of EJ going South like a rock. I mean like a lot :-D Regards
Very probable on EJ and UJ hope this crises lasts a little longer
In trading, you have to be defensive and aggressive at the same time
  • #9,208
  • May 14, 2017 7:45pm May 14, 2017 7:45pm
EUR/CAD could be one to watch
  • #9,209
  • May 14, 2017 11:59pm May 14, 2017 11:59pm
Quoting IvanAntipov
EUR/CAD could be one to watch
we've been watching it for 2 weeks now
  • #9,210
  • Edited 12:51am May 15, 2017 12:14am | Edited 12:51am
Quoting IvanAntipov
EUR/CAD could be one to watch
thanks for the tip
Funny part is you drop in out of blue without even reading last 10pages goes to show idiots are roaming here as usual!

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In trading, you have to be defensive and aggressive at the same time
  • #9,211
  • May 15, 2017 12:52am May 15, 2017 12:52am
this is going nicely from last week
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In trading, you have to be defensive and aggressive at the same time
  • #9,212
  • May 15, 2017 1:00am May 15, 2017 1:00am
Quoting Davit
Happy how AC is unfolding.It worked exactly how I drew the chart. UC is in DD and needs time.Nothing to worry or panic.Remember if you panic then you are over trading. EC is in DD but minor and I have great expectation this clasping soon. {image}
I have been following AC with you all these while but I have a different view regarding your short position.
"As price travels progressively away from weekly pivot it becomes more likely to go into correction." and this happen last week as the price was heavily rejected from S61 and moving progressively to pivot which it failed to touch last week. However, the price is somewhere between the pivot and R38 right now when the new pivot was formed for the week.
Personally, If I am just looking at AC for short entry this week after I have taken profit last week from that drop from R100 in upper week, I wouldn't have consider any setup yet on AC until R61 is touch according to Davit edge considering the rejection of last week from S61. Perhaps I may be wrong considering the fact that you are the master of your strategy but I just like to be cautious in taken trades that do not align with the setup especially around WPivot.
Pls do pardon me if I am getting things muddle up.
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #9,213
  • May 15, 2017 1:05am May 15, 2017 1:05am
Quoting ejiexe
{quote} I have been following AC with you all these while but I have a different view regarding your short position. "As price travels progressively away from weekly pivot it becomes more likely to go into correction." and this happen last week as the price was heavily rejected from S61 and moving progressively to pivot which it failed to touch last week. However, the price is somewhere between the pivot and R38 right now when the new pivot was formed for the week. Personally, If I am just looking at AC for short entry this week after I have taken...
Its obvious you did not bother looking at this chart

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Once again all boneheads will be removed! You don't like my style of running this thread just leave and if you do stay be productive show signs that you are actually following this thread and system.
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In trading, you have to be defensive and aggressive at the same time
  • #9,214
  • Edited 2:45am May 15, 2017 2:17am | Edited 2:45am
shorted and looking for somewhere near s61
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  • #9,215
  • May 15, 2017 2:44am May 15, 2017 2:44am
USD/CAD progressing nicely and finally broke through 1.364 support.

Still holding for 1.355 level

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  • #9,216
  • Edited 4:59am May 15, 2017 3:48am | Edited 4:59am
Short on EJ. Aiming for WKP first; depending on its behavior after the NY Open, I'll hammer it even harder towards S38 or, in case I see signs of a retracement back to R38, I'd be closing this position first, just to be reloading it after London Close or tomorrow. The fundamentals for the Yen (see also newest data on FFC from this morning) combined with all the geo-political events - as above mentioned by Davit - do speak indeed for a strong Yen . At least in the short term.

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Trading: the world's hardest way to make easy money.
  • #9,217
  • May 15, 2017 3:50am May 15, 2017 3:50am
Watchlist - AUD/JPY, tracking this one closely
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Fall seven times, stand up Eight! #GGMU
  • #9,218
  • May 15, 2017 4:18am May 15, 2017 4:18am
AUD/CAD:
Short: 7 positions
TP: 61R

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  • #9,219
  • May 15, 2017 4:24am May 15, 2017 4:24am
Quoting sniperdebt
{quote} I've some short orders around 38r to WP, target 61s - 100s area. And possible will test at 1.537xx area, time will tell.
This started to move well now, are you still in?
  • #9,220
  • May 15, 2017 4:48am May 15, 2017 4:48am
EUR/NZD
SHORT: 1 position until after EUR session tomorrow
TP: 78S

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