Pending retail sales data may resolve direction. EDIT: And so it did, Cheers!

Pivot Trading

My view from the Florida Keys for the past two weeks. Time to get back to work... image

Pivot Trading

You can always create a thread on "Trading Journals" section if you have found a particular niche that divert from the weekly pivots. I myself sometimes use 4h pivots on intraday energies and equities. Same late period markup/markdown strategy.

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Yeah that weekly candle is pretty savage and there's a lot of air below. Its been pretty stretched most of the year. There may be money to be made counter trading it, just have to keep a close eye on her. image

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What I meant is that I don’t utilize Russian30’s ADR pivot dashboard for pivots. I use it for quick review of ADR levels at beginning of trading day. I’ll visually look at the pairs I’m interested in for certain structure at key levels. That’s more ...

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Check russians30 profile, its under forum attachments. EDIT: I don't find the pivot levels useful as im looking more at structure. Im looking at the ADR levels once a day in the AM when I start the session.

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Thanks and well done. I also lover your ADR dashboard as well. Allows me to do a quick glance on where pairs are sitting and review further at PA, levels etc. image

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Yeah it is a great tool. As i have mentioned it before, it is merely a visual representation of the key info displayed on the ADR_v2 indi. image EDIT: For all that are using the "!SM_ADR_Marker" indi, make sure its set at 20 ATR and not the ...

Pivot Trading

Exactly, from my perspective the fundamentals/news events can rarely sustain a price move when its already at the top/bottom of a range. AU has had three attempts to push higher and its struggling at the moment. My long term view is bullish on AU, ...

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You noticed that too. It made an easy decision to jump in.

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Awesome! Yeah these pairs that are stretched late week are gold nuggets prime for picking!

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Lots of pairs had late week markups and swing failures this week. image image

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I had been using them prior to coming across pivots. But it was a bit hit and miss. All we are trading is swing failures/mean reversions. Pivots+ADR brings attention to key locations.

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The ADR imo is often overlooked, but i find it extremely powerful with pivots.

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Well done on the trades and your're well ahead of most.

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Agreed, if people aren’t making money this month then they aren’t assessing/managing these setups properly.

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EC was a textbook late week markdown as well. image

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Yeah I was watching both oil and gold to fail into the new week.

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It is at a cracking level for sure. Just keep an eye on those levels below and TP. image

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Yeah man, textbook late week markup and swing failure. image

Pivot Trading