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Pivot Trading

  • #9,741
  • May 31, 2017 12:49pm May 31, 2017 12:49pm
Quoting Davit
Short on Time NC is ideal short level supported by harmonics as well. Short on time going to work thought to share R78 {image}
Davit you used ZUP_v135_ALL.ex4 ?
Default settings ?
Thanks,
  • #9,742
  • May 31, 2017 12:51pm May 31, 2017 12:51pm
Quoting Davit
Short on Time NC is ideal short level supported by harmonics as well. Short on time going to work thought to share R78 {image}

in myself as well for the last hour, with 3 small positions

looking at EC as well, looking interesting on H4
The only thing that will make us successful is if we can control ourselves!
  • #9,743
  • Edited 2:36pm May 31, 2017 2:21pm | Edited 2:36pm
Nice bounce of R61 on NU.

UJ is turning bulish. Target at R100 and R138.

All the USD pairs look like turning. Do you think we will have a decent run in USD until Fed?
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  • #9,744
  • May 31, 2017 4:35pm May 31, 2017 4:35pm
Short NZDCAD since yesterday too!
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  • #9,745
  • May 31, 2017 5:47pm May 31, 2017 5:47pm
This is me done for the month of May. Increase of almost 37%
As you can see the shorts are working out much better for me. Happy with the steady balance increase. Need to drop down the DD by a small bit to around 1-2% otherwise very happy with everything. Would like to thank everyone for putting so much into the thread especially Davit for coming up with the best possible edge.

Now bring on June!!
Attached Image (click to enlarge)
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The only thing that will make us successful is if we can control ourselves!
  • #9,746
  • Edited 6:48pm May 31, 2017 6:20pm | Edited 6:48pm
A/U making lower highs on 4H and keeps dropping back to test S38 . Looking good for a break lower. News starts in one hour. My top entry was a pending hit while working last week. I missed the opportunity for further shorts on the daily reversal.

10:30amAUD
AIG Manufacturing Index

12:30pmAUD
Private Capital Expenditure q/q

AUD
Retail Sales m/m

5:30pmAUD
Commodity Prices y/y
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  • #9,747
  • May 31, 2017 8:42pm May 31, 2017 8:42pm
nice setup NC & EA. Green Pips!
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  • #9,748
  • Jun 1, 2017 2:14am Jun 1, 2017 2:14am
Attached Image (click to enlarge)
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  • #9,749
  • Jun 1, 2017 9:18am Jun 1, 2017 9:18am
Adding shorts EA from here
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"Not all those who wander are lost." - Tolken
  • #9,750
  • Jun 1, 2017 9:29am Jun 1, 2017 9:29am
Bought AN 78s and 100S (last weeks pivots) Haven't added because of PA but DD is becoming irritating, may have to start ripping off band-aids. Any insights?
"Not all those who wander are lost." - Tolken
  • #9,751
  • Jun 1, 2017 9:55am Jun 1, 2017 9:55am
Quoting OpenRoads
Bought AN 78s and 100S (last weeks pivots) Haven't added because of PA but DD is becoming irritating, may have to start ripping off band-aids. Any insights?
I'm in the same boat, I don't think there will not be much change this week, but next week AUD has a few News coming up include the CASH RATE AND RBA on June 5. The cash rate is forecasted to stay the same, which may help the AUD.
  • #9,752
  • Jun 1, 2017 9:56am Jun 1, 2017 9:56am

Source : http://mobile.reuters.com/article/idUSKBN18S50M

=======================================

OPEC discussed cutting its oil output by a further 1-1.5 percent when it met last week, three sources familiar with the matter said, and could revisit the proposal should inventories remain high and continue to weigh on prices.

The Organization of the Petroleum Exporting Countries and non-member producers ultimately decided at their May 25 meeting to extend their existing supply-cutting agreement for nine months, although oil ministers including Saudi Arabia's Khalid al-Falih confirmed deeper curbs had been debated.

One of the sources said the idea floated was to widen OPEC's supply cut by about 300,000 barrels per day (bpd).

That would equate to a further curb of about 1 percent of April output of nearly 32 million bpd and bring OPEC's total pledged cut to 1.5 million bpd, from 1.2 million bpd.

"They wanted to do some scenarios and get around 300,000 bpd of extra cuts to be distributed among everyone," the source, who declined to be identified, said. "But I think they decided to wait and see how the market will react first."

The initial price reaction to OPEC's May 25 decision was one of disappointment that producers had not deepened their cuts. Brent crude fell 5 percent to below $52 a barrel and was trading near there on Thursday, half its level of mid-2014.

OPEC officials nonetheless hope an inventory glut will ease in the next few months as market fundamentals move closer to balance. OPEC is not scheduled to meet again to set policy until November.

"By the next meeting, if prices and the situation remain like this, they will have to do something ... Everyone will be on board (for more cuts) if prices remain like they are now," the source said, adding that he expected the market and prices to improve by the third quarter.

=======================================




Oil cartels wont stop until They get Atleast 55$ per barrel. Extra Good news for our XXXCAD shorts.

"Letting losses run is the most serious mistake made by most investors."W.O
  • #9,753
  • Jun 1, 2017 10:15am Jun 1, 2017 10:15am
Quoting liamseden
Source : http://mobile.reuters.com/article/idUSKBN18S50M ======================================= OPEC discussed cutting its oil output by a further 1-1.5 percent when it met last week, three sources familiar with the matter said, and could revisit the proposal should inventories remain high and continue to weigh on prices. The Organization of the Petroleum Exporting Countries and non-member producers ultimately decided at their May 25 meeting to extend their existing supply-cutting agreement for nine months, although oil ministers including...

US oil production and exports stealing OPEC share. 9 mil bpd currently. Will be harder for OPEC than before.
  • #9,754
  • Jun 1, 2017 10:49am Jun 1, 2017 10:49am
Quoting bwarrh
{quote} I'm in the same boat, I don't think there will not be much change this week, but next week AUD has a few News coming up include the CASH RATE AND RBA on June 5. The cash rate is forecasted to stay the same, which may help the AUD.
Thanks for the response. I was hoping news last night for me (this morning) would have offered a turn but to no avail....I am uncomfortable but not in pain so I am just going to close that chart for a while and check in after major news.
"Not all those who wander are lost." - Tolken
  • #9,755
  • Jun 1, 2017 11:10am Jun 1, 2017 11:10am
Quoting OpenRoads
{quote} Thanks for the response. I was hoping news last night for me (this morning) would have offered a turn but to no avail....I am uncomfortable but not in pain so I am just going to close that chart for a while and check in after major news.
Your posts are results of typical over trading
Yes I have DD on AN among others and does not irritate me or piss me off.I am simply waiting. Its a marathon not a sprint and if you think you can double your account every month this thread is not for you.
In trading, you have to be defensive and aggressive at the same time
  • #9,756
  • Jun 1, 2017 11:12am Jun 1, 2017 11:12am
closed NC +343 thought it might bounce up again but did not.Happens looking left you can tell why I thought that...ATM
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #9,757
  • Jun 1, 2017 11:35am Jun 1, 2017 11:35am
Let me state this to all new traders here.

1.Must watch Mark Douglas videos link 1st page
2.Must understand firmly concept of probability
3.Must trade low leverage and small positions by scaling in and out of positions
4.Best probability trades 61-100
5.Have exit plan before committing because in forex anything can happen!

Do all above I can assure you will have a solid equity building system.
In trading, you have to be defensive and aggressive at the same time
  • #9,758
  • Edited 12:02pm Jun 1, 2017 11:47am | Edited 12:02pm
What has come down to political left is deplorable Kathy Griffin holding Trump's head in blood in typical manner how ISIS beheaded thousands of victims.
I am actually speechless! upset! Can't even describe how painful this is to most Americans!Parents of decapitated victims must be appalled and this moron insensitive a-hole doing what ISIS did and making a political statement? This women should be ban from life from everything!

deleted the image its too offensives but you can Google it and see it for yourself
In trading, you have to be defensive and aggressive at the same time
  • #9,759
  • Jun 1, 2017 12:02pm Jun 1, 2017 12:02pm
Quoting Davit
What has come down to political left is deplorable Kathy Griffin holding Trump's head in blood in typical manner how ISIS beheaded thousands of victims. I am actually speechless! upset! Can't even describe how painful this is to most Americans!Parents of decapitated victims must be appalled and this moron insensitive a-hole doing what ISIS did and making a political statement? This women should be ban from life from everything!
Absolutely!
  • #9,760
  • Jun 1, 2017 12:10pm Jun 1, 2017 12:10pm
Quoting Davit
What has come down to political left is deplorable Kathy Griffin holding Trump's head in blood in typical manner how ISIS beheaded thousands of victims. I am actually speechless! upset! Can't even describe how painful this is to most Americans!Parents of decapitated victims must be appalled and this moron insensitive a-hole doing what ISIS did and making a political statement? This women should be ban from life from everything! deleted the image its too offensives but you can Google it and see it for yourself
Not fan of Trump since I first saw him, I just don't like this kind of people, but this was way too much...
buying tops / selling bottoms
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