Caught what looks like a stop hunt and or bull trap on GU, in short at 3317, in prfoit for 17 pips so far. Very aggressive entry, but let's see if it works. image

Pivot Trading

Too many bank holidays around the world today, liquidity is a bit thin. Staying out till tomorrow.

Pivot Trading

NU short @ 7075 , about 20 pips profit so far. Note clean spike through R38 and divergence on TDI. TP a short way above the weekly pivot at 7030. image

Pivot Trading

Just look at these textbook pivot point reactions... this system is just gorgeous Entered long brent oil now, its quite oversold at this stage. image

Pivot Trading

The correlatation is over 95% most of the time. In fact, when UC deviates from brent oil, it can sometimes be used as a trade signal. Not so easy to pull off in practice however, which is why I would recommend sticking to pivots.

Pivot Trading

Maybe. Still seems like a dangerous way to trade though. I used to do things like that, and at some point it tends to just blow your account. I'm not saying he will blow it, but based on where UJ is sitting I'm not sure that GJ can go all that much ...

Geppy vs. GJscalper - a duel to the death!

Agree with this. Else it would be possible to go from $100 to millionaire in the space of a few months. I guess it isn't impossible, but at lower timeframes price is generally just less predictable, so your edge is smaller. That's just my opinion ...

Geppy vs. GJscalper - a duel to the death!

Here's a trade I'm currently in (I use MT4 only for viewing charts, and Oanda's platform for trade execution). SL at the daily open (just below red line), entered after the bullish reversal candle above the S38. Initial TP target is the the first ...

Pivot Trading

I've been trading this system for about 4 weeks now, with some very good results. Before I learned about pivots my trades almost never went beyond 1:1.5 RR, and lately I've been getting very nice entries yielding 1:2 RR and greater most of the time, ...

Pivot Trading

Most likely yes. Also, if you look carefully there's a harmonic pattern forming. That pin bar on the 1H chart is a bit concerning, however.

Pivot Trading

AN strongly overbought, jobs rally nearing an end and NU is also looking pretty cheap so expecting a retrace. Otherwise i'll short from the R100. image Similar situation on UJ, rally is getting very over extended and expecting the R161 to be the ...

Pivot Trading

JPY appears to be oversold across the board, ZAR/JPY reacting to R100 level now and hoping for a good pull back to the R78 level or perhaps deeper. Spreads are a bit much for scalping, but so far I seem to be on the money. USD/JPY is also turning ...

Pivot Trading

Crude oil is dropping like a rock, should be some good buy opportunities soon at the S38 or S61. Make sure to close out your commodity pair longs before it turns around. image

Pivot Trading

Anyone here trade the odd commodities/futures markets? Just spotted this nice little setup on Wheat (trading with Oanda Europe, so I assume this is probably European/London Wheat futures?). TDI has hit the same level 3 times but price has tracked ...

Pivot Trading

Got into this trade a bit earlier on, used a very small SL of about 12 pips and entered from a pullback on the 5M chart. Going for 1:4 Risk Reward Did a very similar thing yesterday and was surprised how well it worked. These pivots just make ...

Pivot Trading

I'm still new to this system, so I can't say, but I remember that somewhere in the thread Davit mentioned how the R61 is quite important, and how the odds of price reversing increases with each subsequent level... or something along those lines. ...

Pivot Trading

Bull trap over here, price looks to be heading back down now though. Looking over some charts last night, I noticed how good these work as a signal in conjunction with the levels. When the pros are trying to squeeze you out, you know there's money ...

Pivot Trading

My TP target is only about 25 pips here so I'm just looking for a small pull back against the trend. On the daily chart, the current level at R61 is in nice confluence with 61.8 fib retracement of the down swing from Decemeber to April, but there is ...

Pivot Trading

NZD and AUD are at their highest levels in almost 5 months, so it made sense to take a short. Nice rejection candle right on the R61 level and some divergence on the TDI. Hoping I can clear this trade before the brexit turmoil starts tonight ...

Pivot Trading