Using Pivot Points for Market Ideas
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- BambinoFlex
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Re: Using Pivot Points for Market Ideas
Just opened a sell on AUDCAD. Stop loss 4hr R3 target weekly pivot.
"If you're wrong, guess what...thats TRADING"
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- BambinoFlex
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Re: Using Pivot Points for Market Ideas
AUDCAD looking great! I already have a position open on my MT5 terminal, I use this terminal because all the indicators are for MT4.
After TRO shared his price analyzer on close vs high greater than prev high, I modified my idea a little for scenario 1. Still expect that high but then the following candle not being higher than today's high.
After TRO shared his price analyzer on close vs high greater than prev high, I modified my idea a little for scenario 1. Still expect that high but then the following candle not being higher than today's high.
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- AUDCAD.png (85.79 KiB) Viewed 2435 times
"If you're wrong, guess what...thats TRADING"
- BambinoFlex
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Re: Using Pivot Points for Market Ideas
Got stopped out on that "wickdoll" I will observe today's close and determine my course of action later tonight.
"If you're wrong, guess what...thats TRADING"
- BambinoFlex
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Re: Using Pivot Points for Market Ideas
Tough week on AUDCAD. Still looking at honestly, I traded another pair as well, successfully, but I didn't want to mix up the process. If you have a pivot indicator. Definitely place the weekly pivots and sift through the pairs. You will see what I'm talking about. I don't think the pivots are magical, I think they just offer a line in the sand of what's possible.
Today I might enter my last position on AUDCAD. Looking at the QM pattern I learned earlier, I might implement it on the 4hr chart. Something kinda "clicked" when I saw it
Today I might enter my last position on AUDCAD. Looking at the QM pattern I learned earlier, I might implement it on the 4hr chart. Something kinda "clicked" when I saw it
"If you're wrong, guess what...thats TRADING"
Re: Using Pivot Points for Market Ideas
BambinoFlex wrote:Tough week on AUDCAD. Still looking at honestly, I traded another pair as well, successfully, but I didn't want to mix up the process. If you have a pivot indicator. Definitely place the weekly pivots and sift through the pairs. You will see what I'm talking about. I don't think the pivots are magical, I think they just offer a line in the sand of what's possible.
Today I might enter my last position on AUDCAD. Looking at the QM pattern I learned earlier, I might implement it on the 4hr chart. Something kinda "clicked" when I saw it
Im selling at third at the red, third at the black and another third if it forms a reversal pattern. Then hold until your happy with your profit.
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- audcad-h4-hugo-s-way.png (80.94 KiB) Viewed 2341 times
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- BambinoFlex
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Re: Using Pivot Points for Market Ideas
Mr. Hyde wrote:BambinoFlex wrote:Tough week on AUDCAD. Still looking at honestly, I traded another pair as well, successfully, but I didn't want to mix up the process. If you have a pivot indicator. Definitely place the weekly pivots and sift through the pairs. You will see what I'm talking about. I don't think the pivots are magical, I think they just offer a line in the sand of what's possible.
Today I might enter my last position on AUDCAD. Looking at the QM pattern I learned earlier, I might implement it on the 4hr chart. Something kinda "clicked" when I saw it
Im selling at third at the red, third at the black and another third if it forms a reversal pattern. Then hold until your happy with your profit.
Awesome! I entered pre London, went to sleep. Price ranged and finally tanked late in NY. I’m scalping on it now and looking to add more on a retrace. Pretty much seeking to load up as much as my risk allows.
Thank you for showing me the lines and your thought process on adding 1/3s.
"If you're wrong, guess what...thats TRADING"
Re: Using Pivot Points for Market Ideas
BambinoFlex wrote:Mr. Hyde wrote:BambinoFlex wrote:Tough week on AUDCAD. Still looking at honestly, I traded another pair as well, successfully, but I didn't want to mix up the process. If you have a pivot indicator. Definitely place the weekly pivots and sift through the pairs. You will see what I'm talking about. I don't think the pivots are magical, I think they just offer a line in the sand of what's possible.
Today I might enter my last position on AUDCAD. Looking at the QM pattern I learned earlier, I might implement it on the 4hr chart. Something kinda "clicked" when I saw it
Im selling at third at the red, third at the black and another third if it forms a reversal pattern. Then hold until your happy with your profit.
Awesome! I entered pre London, went to sleep. Price ranged and finally tanked late in NY. I’m scalping on it now and looking to add more on a retrace. Pretty much seeking to load up as much as my risk allows.
Thank you for showing me the lines and your thought process on adding 1/3s.
No problem man. You can also just watch the future contracts of the currencies. So if you see that AUD might be reaching a level where it might turn bearish you can see if that matches with your pairs. Thats why i took a short on AU, AJ and long on EA yesterday. Also you can see that price was right at a trendling. Also that red arrow. Thats a six candlestick pattern that i have learned over the years acts like a SD zone. It can form one of to ways. the first is like the chart shows. Strong move up. One candle reversal. Then three candles back, not closing past the high. Then another reversal candle, preferably closing belwo the lows. The other version is. Strong candle up. then the 3 reversal candles. Then another strong candle up, not closing past the highs. Then a strong candle down. These and like one or two other patterns are pretty much, ,must trade setups for me.
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- AUDCAD_2022-02-24_03-43-10.png (72.8 KiB) Viewed 2292 times
Re: Using Pivot Points for Market Ideas
Those 4 candlesticks is one of the other patterns i look for. The fact that it happend inside a QM pattern inside a daily level, was just insane. Easy 5.5 RR
Yes trading is this easy. Find the way of trading that speaks to you and master it.
Yes trading is this easy. Find the way of trading that speaks to you and master it.
Re: Using Pivot Points for Market Ideas
BambinoFlex wrote:Mr. Hyde wrote:BambinoFlex wrote:Tough week on AUDCAD. Still looking at honestly, I traded another pair as well, successfully, but I didn't want to mix up the process. If you have a pivot indicator. Definitely place the weekly pivots and sift through the pairs. You will see what I'm talking about. I don't think the pivots are magical, I think they just offer a line in the sand of what's possible.
Today I might enter my last position on AUDCAD. Looking at the QM pattern I learned earlier, I might implement it on the 4hr chart. Something kinda "clicked" when I saw it
Im selling at third at the red, third at the black and another third if it forms a reversal pattern. Then hold until your happy with your profit.
Awesome! I entered pre London, went to sleep. Price ranged and finally tanked late in NY. I’m scalping on it now and looking to add more on a retrace. Pretty much seeking to load up as much as my risk allows.
Thank you for showing me the lines and your thought process on adding 1/3s.
Oh you wanted a retrace. Here ya go.
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- audcad-h1-hugo-s-way.png (99.45 KiB) Viewed 2218 times
Re: Using Pivot Points for Market Ideas
There is your entry. Liquidity spike. First time i started looking for these was cuz of Alaismiths thread. He made a post about how price loves to run a extreme by a pip or two and then continue the other way. Good stuff
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- audcad-m5-hugo-s-way.png (50.76 KiB) Viewed 2204 times
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