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Pivot

Indecision on The USDCADLast post: June 20th. See chart . Review: Price had broken through and established a bull trend above the March high. Update: Recent indecision in the market suggests the much needed pullback is a possibility. Conclusion: Standing aside and letting price dictate a pullback or a trend continuation. A pullback is preferable. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Long
by Sublime_Trading
2
Horizontal line near 1.32000 works?It seems that it responded to a horizontal line near 1.32000(In my chart,1.32108). The movement is similar to eurusd, but will it respond cleanly? 1) The horizontal line functions as a resistance I choose short aim to before.MPP 1.30760 2) The horizontal line does not function as a resistance I want to consider the long if it goes above the horizontal line and functions as a support, but since it is a phase where the trend seems to be going down, let's observe carefully. ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Short
by fondiea
1.16 Horizontal line reactivate?The horizontal line of around 1.16 (1.16077 in my chart) became a move as if it would work again. 1) Short when judging that it is resisted to the horizontal line Since there are double zero 1.15000 and YPP 1.14786 under the current value, Even if we trade here, it seems to be a short position with short S/L. 2) Before making a judgment, watch again as you cross the horizontal line We will observe whether it functions as support or whether the horizontal line is ignored. ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Short
by fondiea
strugle of MPP 110.769 AgainAlthough we can see a return to the horizon which attacked a few days ago overall, UJ is no exception. Also, unlike the previous contact at 6/15, it is stopped cleanly. On the other hand, when considering that the wall of the limit order is thin due to overshooting of double zero 110.000 over two times, It seems to be becoming short-term advantage. 1) It was confirmed that MPP 110.769 functioned as resistance. Aim for a short, try a double zero 110.000 penetration. However, if it is determined that 110.000 penetration has failed, the position is handled. 2) price penetrated above MPP 110.769. If MPP can be confirmed as a support line, consider a long targeting around 110.5 which is before the weekly trend line. ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Short
by fondiea
1
S & P 500 cleanly responded to horizontal line 2738.6The S & P 500, which has continued to raise for a long time, stopped raising before 2800.0 and then backed down. Currently it is stopped by the horizontal line near the high price of last month. Horizontal line 2738.6 is 1) Functioned as a support line. Long until MPP 2768.0 long.(long if it can attack safely WPP 2762.1 long) 2) It does not function as a support line. Wait for functioning as a resistance or wait for other resistance and follow with a short. ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo Line: Horizontal line or Trend line seen by weekly or monthly Indigo fine wire: Horizontal line or Trend line seen by 4hourly or daily Dotted dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
OANDA:SPX500USDLong
by fondiea
Could MPP0.99139 support?usdchf was gradually lowered from double-zero 1.0000 to YPP 0.98340 in May, It's trying to get back to the original level unnoticed. If it is supported by MPP 0.99139, long materials up to double-zero 1.00000 can be tested. ------------------------- ---------------------- - - Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo Line: Horizontal line or Trend line seen by weekly or monthly Indigo fine wire: Horizontal line or Trend line seen by 4hourly or daily Dotted dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close ------------------------- ---------------------- - -
Long
by fondiea
The TRYJPY Weakens Further Last post: June 13th. See chart . Review: Price had bounced off resistance suggesting weakness back in the direction of the bear trend. Update: Price has continued to weaken but is a distance away from breaking and closing below the pivot support of May. Conclusion: Applying patience and waiting for price to clear support before placing further short trades. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Short
by Sublime_Trading
2
Bulls Moving Price on The USDTRYLast post: May 25h. See chart . Review: The bulls resumed control of the market following a volatile day in the market. Update: This was short-lived as the bears came in strong and pulled back to a pivot support zone where price has bounced to the upside. Conclusion: Applying patience until the high of May and the major round number 5.0000 is cleared. Will then consider more long trades. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Long
by Sublime_Trading
GBPCHF short position - still running - target 4RGood morning everyone, sharing with you the principles I used to get this nice position on GBP/CHF. The strong move visible on 4h chart caught my eye, signaling an unstable bullish environment. I entered on the 5m chart at pivot rejection + 50ema break. Price took a while to move and actually got against me for a while, then crashing pretty quickly. My target is the Weekly 0.382 Fibonacci retracement I'm really inspired to share with you guys the strategies that I'm using to successfully trade the markets and get consistent returns, get the first 2 lessons for free bit.ly
by UnknownUnicorn485324
SHORT Bitcoin reversal imminant? well wait until 15th April So after my last chart and roadmap for bitcoin 2018 spring to summer: we gotta get a good close idea of what may happen in the days leading up to this.... some of you might just wanna take a break or do something else but i know there is bucket loads of puppers and cats all tuned in to this market right now, i mean we love seeing things fall as much as we do building them, its just natural anyhow its only 5 days away, was meant to do this a week ago, many apologies for that but everyday has been confirming what i first starting thinking about the tax returns and the cashouts since the last layer of the bubble popped we seem to be inside a triangle on the 60m chart and looks like if it breaks that support we will see a test of 600/5800 next on the list of bounce areas are $5800-600, 4200 and then if it does get panic sold extremes of $3600 $4k and $5k might come into play as psychological levels all these levels are backed up by the trusted gann fans and fibs, lets see if it plays out and this is what im following...... if you DO have any questions about this or anything else please leave a comment or join our chat in telegram link below REMEMBER all these can play out in next five days or maybe longer, also someone like George Soros can come along and buy tens of thousands of bitcoins at once etc etc list go on everything is possible, its just whether its probable, bitcoin has taught us, never say never and i have been in BTC since it was a few $$ this looks like a good time to get in, if buying on bounces keep stop loss under the last low, or hodl for all hell! bless up and bring on the cheap bitcoins! JOIN US ON THE LINKS BELOW for 24/7 FREE crypto coin analysis and ZERO pump and dump spam :)
COINBASE:BTCUSDShort
by majorlee
1
PivotBoss Wick Reversal SetupPATTERN SUMMARY 1. The body is used to determine the size oftlle reversal wick. A wick tllat is between 2.5 to 3.5 times larger than the size of the body is ideal. 2. For a bullish reversal wick to exist, tlle close ofthe bar should fall witllin tlle top 35 percent of the overall range of the candle. 3. For a bearish reversal wick to exist, the close of the bar should fall within the bottom 35 percent of the overall range of the candle. PATTERN PSYCHOLOGY Figure 2-4 shows several types of bullish and bearish reversal wick candlesticks that can all signal profitable reversal opportunities in the market, especially if these patterns are paired with key pivot levels. In traditional candlestick jargon, these particular candlesticks would have names ranging from hammer, hanging man, inverted hammer, shooting star, gravestone doji, or dragonfly doji, depending on where the candle is placed in a trend. Now you can see why I simply call these candlesticks wicks, or even tails. Instead of fumbling over the proper naming of these candlesticks, I believe it is more important to know what these patterns represent. What are they telling you? Types of Candlestick Reversal Wicks When the market has been trending lower then suddenly forms a reversal wick candlestick, the likelihood of a reversal increases since buyers have finally begun to overwhelm the sellers. Selling pressure rules the decline, but responsive buyers entered the market due to perceived undervaluation. For the reversal wick to open near the high of the candle, sell off sharply intra-bar, and then rally back toward the open of the candle is bullish, as it signifies that the bears no longer have control since they were not able to extend the decline of the candle, or the trend. Instead, the bulls were able to rally price from the lows of the candle and close the bar near the top of its range, which is bullish - at least for one bar, which hadn't been the case during the bearish trend (see Figure 2.5). The Stages of a Reversal Wick Stage 1 Stage 2 Stage 3 Essentially, when a reversal wick forms at the extreme of a trend, the market is telling you that the trend either has stalled or is on the verge of a reversal. Remember, the market auctions higher in search of sellers, and lower in search of buyers. When the market over-extends itself in search of market participants, it will find itself out of value, which means responsive market participants will look to enter the market to push price back toward an area of perceived value. This will help price find a value area for two-sided trade to take place. When the market finds itself too far out of value, responsive market participants will sometimes enter the market with force, which aggressively pushes price in the opposite direction, essentially forming reversal wick candlesticks. This pattern is perhaps the most telling and common reversal setup, but requires steadfast confirmation in order to capitalize on its power. Understanding the psychology behind these formations and learning to identify them quickly will allow you to enter positions well ahead of the crowd, especially if you've spotted these patterns at potentially overvalued or undervalued areas.
FX:SPX500
by ParCorn
2
HOW TO TRADE PIVOTS THE RIGHT WAYBest Pivot Point Strategy PDF Pivot Points are one of our favorite trade setups, and we’re going to show you what is the best method to trade pivot points through our best pivot point strategy PDF. The pivot point strategy doesn’t require significant trading capital, and it can yield positive results right away. More often than not retail traders use pivot points the wrong way. They usually sell to quickly when the first pivot point resistance level is reached and buy too soon when the first pivot point support level is reached. This is the wrong way to trade because you’re trading against the prevailing momentum which is one of the reasons why retail traders lose money. Now, before we go any further, we always recommend taking a piece of paper and a pen and note down the rules of the trading strategy. For this article, we’re going to look at the sell side. Step #1: Trade only at the London open or the 8:00 AM GMT The best time to trade the pivot points strategy is around the London session open. However, it can be used for the New York session open with the same rate of success. We trade the London open because that’s the time big banks are opening for business, and the smart money operates in the market. Note* We’re going to use the 15-minutes time frame and trade based off of the daily pivot points. Step #2: Sell at the market if after the first 15-Minutes we’re trading below the Central Pivot Point If after the first 15-minutes into the London trading session we’re trading below the central pivot point then we sell at the market. The trade logic behind this simple rule is that once the market is displaying a disposition to trade below the central pivot point, the same as with the law of motion, we assume that the bearish momentum will continue to persist. If the price of any currency pair is trading below the central pivot point, then the bias for the day is bearish and we’re only looking for selling opportunities. Important Note * If after the first 15-minutes into the London session we’re too close to the first support level we better skip this trade opportunity because the profit margin has tightened. Step #3: Hide your Protective Stop Loss 5-10 pips above the Central Pivot It’s essential to have a good strategy for your stop loss as much as to have an entry strategy. If the price breaks above the central pivot point then the sentiment has shifted on the bullish side and it’s wise to get out of any short trades. However, in order to accommodate any false breakouts, we also use a buffer of about 5-10 pips above the central pivot point for our SL. Step #4: Take Partial Profit #1 at Support 1; Take Partial Profit #2 at Support 2. We employ a multiple take profit strategy because we want to make sure we give the market the chance to reach for deeper support levels. The first pivot point support level is the first trouble area and we want to bank some of the profits here. We also advice moving your protective stop loss to break even after you took profits. At the second pivot point support level is where we want to liquidate our entire position and be square for the day. Note** the above was an example of a SELL trade using the best pivot point strategy PDF. Use the same rules for a BUY trade – but in reverse. To find out the complete strategy with chart examples PM me and I will be happy to help.
Short
by Tradingstrategyguides