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Pivot Trading

  • #10,061
  • Jun 14, 2017 9:34am Jun 14, 2017 9:34am
Price is bouncing off the pivot point with bearish divergence on GU.
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  • #10,062
  • Jun 14, 2017 9:44am Jun 14, 2017 9:44am
From News f Oil
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  • #10,063
  • Jun 14, 2017 9:56am Jun 14, 2017 9:56am
Quoting W4rri8r
{quote} Great Video Davit, sold my Yamaha 600cc back in Dec looking for a BMW or Ducati commuting bike, definitely the Scrambler is in my short list now. Big NIght ahead ...Oil rejecting Pivot point. (will post pic later) (I'm at work). Green Pips to all.
Welcome! Try Craigslist lots of bikes for half the price in great conditions less then 15k miles.BMW drive train has always been an issue and maintaining or replacing it is costly unless you buy Rotax based twin which is Austrian engine the 800CC series.
Ducs are easy to work on and very light.If you just want a commuter you can buy unbreakable Honda 750 Nighthawk which I have and heavily modifying it.
Lots of great bikes out there and does not have to be new.
cheers
In trading, you have to be defensive and aggressive at the same time
  • #10,064
  • Jun 14, 2017 9:58am Jun 14, 2017 9:58am
Wow I am glad I did not short NU earlier
what a monster move up
taking a stab at it.If you look at the Daily this thing had no retrace and way overdue and over appreciated.
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In trading, you have to be defensive and aggressive at the same time
  • #10,065
  • Jun 14, 2017 10:08am Jun 14, 2017 10:08am
Hello everyone,

I'm new around here but i would like to test the system TDI + pivots. I'm a retail trader with 2 years of trading now but still struggling to make consistent profit so that's why i would like to join this thread if possible.

For example just for clarification please, on this uSDCAD 30mn chart, i saw this setup, divergence on TDI and we are far far away below S200. IS it a valid setup to start entering long positions.

Thanks everyone

JT
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  • #10,066
  • Jun 14, 2017 10:09am Jun 14, 2017 10:09am
Davit and all - is there a book/s on Macroeconomics that you could suggest?
Fall seven times, stand up Eight! #GGMU
  • #10,067
  • Jun 14, 2017 10:15am Jun 14, 2017 10:15am
Quoting Jt85
Hello everyone, I'm new around here but i would like to test the system TDI + pivots. I'm a retail trader with 2 years of trading now but still struggling to make consistent profit so that's why i would like to join this thread if possible. For example just for clarification please, on this uSDCAD 30mn chart, i saw this setup, divergence on TDI and we are far far away below S200. IS it a valid setup to start entering long positions. Thanks everyone JT {image}
Welcome!
1st off Divergence is not a reliable signal its how oscillator computes and has little effect on Dynamic traders who move price!Watch Mark Douglas videos for starters.
on UC keep in mind we have a MAJOR fundemetal news release today on rates! So your analyses should have this as backbone factor.
Cheers
In trading, you have to be defensive and aggressive at the same time
  • #10,068
  • Jun 14, 2017 10:18am Jun 14, 2017 10:18am
Quoting vickym
Davit and all - is there a book/s on Macroeconomics that you could suggest?
Honestly Forex is a wild animal.You can have positive news and pair moving down or opposite negative news and pair appreciating.
Its what Dynamic traders do and system is designed to take your money.Why I trade small.
Watch pivots best source you need.
Example had you read macroeconomics on NZ you might of concluded no way NU should be 73 but it did get there or EU at 1275 but its here.
Forces that move price in Forex have their own ballgame and our job is to go along with them.
In trading, you have to be defensive and aggressive at the same time
  • #10,069
  • Jun 14, 2017 10:34am Jun 14, 2017 10:34am
Quoting Davit
{quote} Welcome! 1st off Divergence is not a reliable signal its how oscillator computes and has little effect on Dynamic traders who move price!Watch Mark Douglas videos for starters. on UC keep in mind we have a MAJOR fundemetal news release today on rates! So your analyses should have this as backbone factor. Cheers
Thanks for your clear response. I will for sure watch Mark Douglas videos. ANd noted about fundamentals effects on forex.

Really appreciated the thread here.

Cheers
  • #10,070
  • Jun 14, 2017 10:35am Jun 14, 2017 10:35am
NU has been in a range for months
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In trading, you have to be defensive and aggressive at the same time
  • #10,071
  • Jun 14, 2017 10:37am Jun 14, 2017 10:37am
Thanks for your inputs, but it doesn't hurt learning an important aspect related to this business.
Fall seven times, stand up Eight! #GGMU
  • #10,072
  • Jun 14, 2017 10:50am Jun 14, 2017 10:50am
Quoting vickym
Thanks for your inputs, but it doesn't hurt learning an important aspect related to this business.
https://www.babypips.com/learn/forex...ental-analysis
suggest reading this
In trading, you have to be defensive and aggressive at the same time
  • #10,073
  • Jun 14, 2017 10:53am Jun 14, 2017 10:53am
hi Davit,do you still hold EG short?
  • #10,074
  • Jun 14, 2017 11:02am Jun 14, 2017 11:02am
Quoting Davit
{quote} https://www.babypips.com/learn/forex...ental-analysis suggest reading this
Cheers!
Fall seven times, stand up Eight! #GGMU
  • #10,075
  • Jun 14, 2017 11:16am Jun 14, 2017 11:16am
Quoting cooltsing
hi Davit,do you still hold EG short?
yes if that makes a difference for you
In trading, you have to be defensive and aggressive at the same time
  • #10,076
  • Jun 14, 2017 11:32am Jun 14, 2017 11:32am
Quoting Davit
NU has been in a range for months {image}
The probability of potential outcome on this could be really nice.

Thinking;

1) rate hike already priced in so that will not likely help USD strength. (a pass would weaken further)
2) Weak $ has helped drive stocks and other asset classes, which investors, banks and the like seem to be happy about.
3) Safety hasn't moved money to the USD, North Korea firing off weapons, political risks Europe and Arab Nations and so on.
3) What could cause USD to strengthen?
"Not all those who wander are lost." - Tolken
  • #10,077
  • Jun 14, 2017 11:39am Jun 14, 2017 11:39am
Quoting OpenRoads
{quote} The probability of potential outcome on this could be really nice. Thinking; 1) rate hike already priced in so that will not likely help USD strength. (a pass would weaken further) 2) Weak $ has helped drive stocks and other asset classes, which investors, banks and the like seem to be happy about. 3) Safety hasn't moved money to the USD, North Korea firing off weapons, political risks Europe and Arab Nations and so on. 3) What could cause USD to strengthen?

Signalling toward Balance sheet normalization today?

I am apt to start think that maybe the US is shifting from a strong dollar policy.

I did read during the presidential elections here in the US that some of Trumps agenda would depend on a weaker dollar .Anyone else have any thoughts?
"Not all those who wander are lost." - Tolken
  • #10,078
  • Jun 14, 2017 11:55am Jun 14, 2017 11:55am
Quoting OpenRoads
{quote} I am apt to start think that maybe the US is shifting from a strong dollar policy.
There is no weak or strong dollar policy. USD value is depended on Economics and world economies.
Feds don't lead they follow data.Data usually always in the past.
I have already stated that in Forex things happen contrary to what you expect.This is why you can have doctorate degree on economics and still fail as a trader.
I am getting little annoyed do people watch PIVOTS? ok lets focus on it.
In trading, you have to be defensive and aggressive at the same time
  • #10,079
  • Jun 14, 2017 12:01pm Jun 14, 2017 12:01pm
WE got this monster without correction past 100R
what is the probability for correction? I think more like 70-80%
That's it! Its good enough for me.WE can add lots of mambo jumbo on it but fact is nobody knows the future and its just probabilities
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In trading, you have to be defensive and aggressive at the same time
  • #10,080
  • Jun 14, 2017 12:06pm Jun 14, 2017 12:06pm
Quoting Davit
WE got this monster without correction past 100R what is the probability for correction? I think more like 70-80% That's it! Its good enough for me. {image}

Sorry Davit, didn't mean to annoy. Some of the teachings here also suggest trying to identify longer term trends. May thoughts did not imply that EU won't end up back at 108xx or that NZD/USD won't retrace. Just something I've been researching and contemplating myself. I will keep to myself.

Cheers, Friend. Im Short NZD/USD too.
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"Not all those who wander are lost." - Tolken
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