Also Short EG at 78 and short AU at just below R38. Looking at ACHF as well, as just in between R61 and 78. Small positions so DD manageable.

Pivot Trading

Are you short AU already? I can't see a valid sell signal yet. AU price action is in its infancy this week and has not even approached R38 - so you don't have any edge placing orders at this level. In general, be careful with limit orders - they ...

Pivot Trading

EG just popped up to R61 - now at 103% ADR. TDI still showing upwards momentum, but will it run out of steam and fill the gap... Keep watching price action for set-up. image

Pivot Trading

Welcome MrAussieFX - I've followed your posts on FF for a while now . Good to see you've caught the 'pivots' bug!. Nice trade on AU. Managed to catch some green pips on this pair as well.

Pivot Trading

Update on AU - profit target of WP achieved. Closed+350 pips on AU this week. Exited two thirds of this final batch of positions and will let the rest run. 7600 is the first barrier to break, so we might bounce back towards daily open, however still ...

Pivot Trading

Follow up on AUD based trades this week. ACAD +1200 pips image ACHF +250 pips image Just looking at this trade though - you can see the power of pivot levels and the S/R zones. Even though price had traded earlier in the week at and around the ...

Pivot Trading

Update on AC, +911 pips in this leg of the trade, after taking +400 yesterday. +35% this month. Crazy! Love these pivots. image

Pivot Trading

No scripts used with this method. You have to monitor price action around the key 61-100 zones. Enter trades in smaller batches and add as price moves in your favour.

Pivot Trading

Hope some green pips have been made on the oil news. I limited my CAD exposure mainly to AC and a smaller position in UC. Taken +400 pips on AC on the move from R100 to near R38 and still have +450 still currently live in the trade. AC was my ...

Pivot Trading

Nice green pips there. Couple of points. Remember we are in the probability game. The best set-ups (highest probability) are when price has moved into the 61-100 zone. Davit posted earlier about entries made around the WP zone - these typically have ...

Pivot Trading

Yes agreed - good spot. Price peaked just shy of R78 and I'm short from between R61 and R78. We might get a bounce as price reverts to daily open and if it goes through this level, then R38 is a possible exit area. TDI also displayed a nice sharp ...

Pivot Trading

Great trading Davit. Closed +320 pips EG short and +100 pips Long GA. Still long EA and remaining piece of GA. In slight drawdown on AC and ACHF, but positions are light and importantly still over 70% winners on average. Account growth 27% this ...

Pivot Trading

Well all the anticipation and expectation of another Fed statement has passed and not much has really changed. A slightly more hawkish statement, but still data dependent - so the possibility of a Dec hike is still on and I wouldn't be surprised if ...

Pivot Trading

Hi pipsniper - watch the PA on EA first - not sure it's ready to bounce at the S100 level yet. Wait for a confirmation by either PA or TDI.

Pivot Trading

Good trading Wizlon . Your entries are in the R78-100 zone combined with a steep downward cross of the TDI. This method is not about having sniper accuracy with your entry, it's about building a position using the zones as entry and exit ...

Pivot Trading

Couldn't agree more. Think of the trade set up in terms of the zones and their probability of success / failure. EG rarely fails to make it's weekly pivot. It doesn't always happen in the same week, sometimes it might take a couple of weeks -but ...

Pivot Trading

Love Oktoberfest!

Pivot Trading

Just an update from last week. Certainly tested the patience and showed the importance of exercising the rules around the 61-100 zone. Closed EC shorts for +1500 pips across 20 positions. In this case, I reduced trade size on each entry to allow ...

Pivot Trading

Short AC (very small position) from between R78 and R100. Currently trying to get to parity.

Pivot Trading

With you on this trade from 8920. Have the weekly pivot zone at 8525 at target exit.

Pivot Trading