Pivot Trading Journal

hey u trading against me you .... broker are u market maker

trade always with mp

yes

Today's calendar.

Will 35 hold? I think no, but anything can happen.

Pairs in the zone ...
UC, EA, AC, AN

Stocks Break Support, More Losses Ahead For FX?

U.S. equities sold off sharply today, breaking through some important support levels and this sell-off drove all of the major currencies lower. The Dow Jones Industrial Average hit a fresh 3-month low. The S&P 500 slipped underneath 2800. The New Zealand dollar, one of the most sensitive high-beta currencies, led the decline despite stronger business confidence and ANZ activity index. With the world’s two largest economies engaged in an intensifying trade war, investors are worried that the global economy will be hit hard by a simultaneous slowdown in the U.S. and China. After walking away from trade talks, China’s biggest state-owned newspaper issued a hostile warning to the U.S. that said “We advise the U.S. side not to underestimate the Chinese side’s ability to safeguard its development rights and interests. Don’t say we didn’t warn you!” Investors are worried that China will restrict or worse, cut its export of rare earth materials, which are crucial components in almost all high-tech manufacturing. If China plays the rare-earth card we could minimally see another 2% to 3% drop in equities that will translate into big losses for currencies. AUD and NZD will be hit the hardest but USD/JPY could sink toward 1.08 and EUR/USD could drop to 1.10.

Many countries are already feeling the pain of the trade war. This morning, Germany reported the largest one-month increase in unemployment in 10 years. While nearly 75% of the increase was due to reclassification of some people, this was also the first rise in nearly 2 years. The unemployment rate rose from 4.9% to 5%. This deterioration is consistent with the slowdown in job growth reported in the manufacturing and service sector PMIs. According to the Federal Labor Agency, “we are seeing the first signs of a weakening economy on unemployment.” Further weakness is likely, which means that when the European Central Bank meets next month their concerns will grow. Keep an eye on 1.10 as that could be the next target for EUR/USD.

USD/CAD traded above 1.35 even before the Bank of Canada’s monetary policy announcement. It was no surprise that the BoC left interest rates unchanged and while they had some positive things to say, investors were not convinced that Canada can continue to grow at its current pace. According to the BoC, data reinforces their view that the slowdown in Q4 and Q1 was temporary and there’s more evidence of a pickup in Q2. They felt that overall growth in business investment firmed, the removal of tariffs and the prospects of the U.S. Mexico Canada Agreement are positive. The oil sector is also beginning to recover as production and prices increase. But there are risks. The BoC saw the escalating trade war as a problem for global growth and warned that China restrictions have a direct impact on Canada’s exports. The uptrend in USD/CAD remains intact with tomorrow’s current account balance likely to be weak given the deterioration in trade activity in the first quarter.

Last but not least, GBP/USD is at the cusp of hitting 4-month lows and we’re getting asked if the pair is nearing a bottom. There are no major UK economic reports scheduled for release this week so it is all about flows. UK politics are still a mess. The economy is at risk of the same strains as the rest of the world and sterling is a high-beta currency. In downtrends, when investors are bailing out of risky positions, currencies can oftentimes move lower than most would anticipate. The key support level of GBP/USD is closer to 1.25 but the January flash-crash low of 1.2442 could be tested as well.

Source: ForexLive

Hu Xijin, ediitor from the China Global Times

China is not a "communistized" state.

Are you sure? LOL

I've got sell limits on R61, R78, R100 and R138.
I'm expecting red GDP ...

I have a buy order in eurusd lets see

3.1 -> 3.1

UC short ...
I hope CAD GDP tomorrow will be green ...

Crude Oil Inventories are not supporting me ...

What expert is that the dash pivot indicator?

You can find more here:
https://www.forexfactory.com/showthr...2#post12136782

Maybe one day I'll release them publicly but I'm not sure. There is no reale value from indicators and EAs development.

Suggestions from this morning were really valuable.
I regret I didn't take it. Never mind. The next is on the corner.

thanks!!!! but im not seing the pivot dash board only the indicator
i just saw the indicators your the one that code him really nice, its a untap market maibe u could sell them

This is JFPivotDash ...

Its really cool mate and for mt5 doesn't exist too much indicator and ea.
You did a great job!

Thank you for kind words ...