gbpcad Look at the pair's movement over the last 200 hours, largest of them all. Even more than pairs we are not recommended to trade like gbpjpy and gbpnzd. You would say it should retrace now, but referring to my previous post, you would be ...

Pivot Trading

Thanks for the indicator, can be useful on some charts for overview. For actual trading decisions I prefer individual charts for each pair. I just label the chart with SELL or BUY for the preferred direction, mainly based on the size of the swap. I ...

Pivot Trading

Probably overruled by the drop in oil prices at about the same time.

Pivot Trading

Results: image A bit of a different approach, 'scalping' the Aussie and Kiwi dollar and some other pairs between pivot levels. In case you are wondering, I also reduced my drawdown by 50%.

Pivot Trading

I expect the Aussie dollar to rebound now that ScoMo has been re-elected. No doubt the Kiwi dollar will slowly follow in its footsteps. The polls in Australia have been predicting the Labor Party to win for the last three years, instead the ...

Pivot Trading

I fully support traders trying to understand and control their behaviours. However, a lot of these books are based on the flawed 'theory of mind', which only works in the very short term and in an unchanging environment. The 'theory of mind' is now ...

Pivot Trading

This is not surprising, because weekly pivots are based on the high, low and close of the previous week. The high and low can vary a bit from br0ker to br0ker due to spread, but it is the close that can vary markedly because not all br0kers close ...

Pivot Trading

Look at the divergence in the currencies during the day so far. This based on the movement of all 28 pairs over a period of 200 hours. jpy and chf gaining strongly, gbp down. Gold is also up. If there is real panic the usd will go to the top, being ...

Pivot Trading

What do the two blue dots in your AUSUSD chart represent, please? Another well executed trade BTW, great entry and well kept until S61.

Pivot Trading

According to the latest issue of The Economist, even if a deal is struck, the deep differences in economic models means that their trading relations will be unstable for years to come.

Pivot Trading

Good rejection of 1.61, now twice in a row. Thursday and today.

Pivot Trading

I like your simple reminder system, I use the same but put also a warning on my phone five minutes before red news, either to close trades in time or be alert to sudden moves which often give opportunities for great (added) entries. Also with a note ...

Pivot Trading

Good decision, already seen an improvement overnight (my night). I only hope I can keep improving my impact rating, because the main activity in here is when I am sound asleep. You will just have to put up with me making posts when I get up in the ...

Pivot Trading

Just a correction. Unless Oanda is different from all other br0kers, there is no swap to pay over the weekend. You pay triple swap on Wednesday's close to compensate for that.

Pivot Trading

Very well done, Sir! Looking at the details of your M15 trades, you are a Price Action master.

Pivot Trading

It is based on an indicator I had specifically coded to trace the movements of the eight main currencies from the 28 pairs. I have it set at 200 hours which of course coincides with the 200 ma (heaven forbid). It is similar to the strong/weak ...

Pivot Trading

The attached shows the movement of the eight major currencies on Friday, based on the movement of all 28 individual pairs. You can see that all other seven currencies dropped against GBP, although USD dropped the most. Also interesting is the ...

Pivot Trading

Might pay to edit the definitions of H,L and C in the post you referred to from 'daily' to 'weekly'.

Pivot Trading

Great format for your calendar. Your comment "USD/JPY - good pair to trade due to tight spread." is in my opinion only relevant for scalping, not for the swing trading we do here. Also USDJPY has very expensive daily sell swap of -1.23 pips at the ...

Pivot Trading

We need to be cautious here. EN and AN could easily retrace back to the Weekly Pivot. There is very light trading at this time of the day. Aussie banks not even on board yet at the time of announcement. Tokyo still closed for the next hour. Also ...

Pivot Trading