When i started learning to trade pivots, there was one thing of Davit's that always stuck in my mind. It is the SR100 level. From page 1: As price travels progressively away from weekly pivot it becomes more likely to go into correction. 61 S/R key ...

Pivot Trading

Agreed. All of these pairs that took off, will pull back. Some are doing so now so just have stay frosty.

Pivot Trading

Couldn't be any worse then buying the DOW.....all the way down ¯\_(ツ)_/¯

Pivot Trading

Nothing on this chart inspires buying. Only other largest weekly drop similar to this was back in Oct 2008. image

Pivot Trading

Congrats to you for being on the right side of the market. You seemed to be one of few who had the level head to see what direction to trade. It should be clear, buy when price goes up, sell going down. Bias is a dangerous drug. Cheers!

Carpe diem: Intraday tactics for Dax and Dow

Dow didn't even make any attempt to fill the gap. That's always a bad sign. For me trading pivots makes it easy to stay onside. Sell at resistance and buy at support. There's nothing on this chart that shows people should be buying. If anything ...

Pivot Trading

Since he's now broke, maybe his fans can chip in and buy him a book on how to trade. image

Pivot Trading

Agreed, EG I looks really great.

Pivot Trading

Yeah I know, how many times have we seen this same scenario play out pre FOMC? Price gets pushed to the extremes leading up and taking out levels like a drunken prom date.

Pivot Trading

Holding on for hope isn’t a strategy. Once UJ blasted thru the r100 level meant a sign of further upside could be in store. That level was also a previous high that it soundly rejected.

Pivot Trading

Yeah, there were quite a few pairs that bounced off their respective ADR after market open today. Pays to stay frosty on these overnight swings.

Pivot Trading

Profits banked. Might revisit some later. Most if not all of these are late week markups from last week that failed SR38/61. image

Pivot Trading

Try this one: url

Journey to Consistent Profits using my 3 Adopted Systems

They are simply weekly Fibonacci Pivot Points, see here for info: url And the future pivots feature is based on current weekly data. Its primarily used on Fridays to get a view on the new week.

Journey to Consistent Profits using my 3 Adopted Systems

Thanks, that is an interesting observation for sure. I have been asked many times about this late week setup. I had discussed it in great lengths with an old school pit trader and he explained it to me as this: When price is stretched into the ...

Pivot Trading

They appear on a regular basis, just have to keep on eye out for them. There were a lot of pairs that fit my preferred setup just this week alone. Those that ended last week stretched into the 78-100+ zones and failed the 38-61 on the new week. Some ...

Journey to Consistent Profits using my 3 Adopted Systems

There were a lot of pairs that fit my preferred setup. Those that ended last week stretched into the 78-100+ zones and failed the 38-61 on the new week. Some so far: AUDCAD AUDJPY AUDUSD CADJPY EURAUD EURCAD EURNZD GBPAUD GBPCAD GBPNZD NZDCAD NZDJPY ...

Pivot Trading

I know, strange isn't it.

Pivot Trading

FF doesn't always populate every news event, and or hasn't as if yet. That's why i also use myfxbook calendar. You should also include medium impact events. image

Pivot Trading

Jumping in without looking is just gambling. For me, pivots added another layer of discipline and to keep me onside. Now if I’m jumping back in on a continuation trade then I look for pull back at key levels. Example: image I would use the same ...

Pivot Trading