Pivot Trading

Romanov... I see it..I'll keep an eye on what you see too..I'm waiting to close some orders today.

I think the usd cad may finally fall

Next week maybe

once this thing is over Usd/Cad might fall like a brick, in fact, Cad is doing pretty good considering that down move on Oil

many things can happen today still...
will depend on whether the big players will want.

Even with a bad start on AUDJPY, my month has been fantastic, Oil has been real great to me. Here's my monthly results with Open trades still going on.

Now that I have a better capital to play with, my focus for next couple months is to slack on sizing positions and better control my drawdowns.

Have a good weekend everyone and keep working hard, believe me, it's all worth it!

Edit: Tought I posted my monthly results but was from somewhere in Mars, here's the good printscreen

I agree....I’m actually talking to myself to stay with the program....small manageable portions, predetermined risk with a hard or mental stop, manage greed by accepting volatile conditions and taking profits early at key levels instead of holding for the big score ( which seldom ever happens anyway) and keep abreast of news with Cad....will nafta ever get resolved.?.....will the Chinese keep up the treats in retaliation of our holding CFO for Hwauie?...will oil start to recover? When can I go on another cruise?. Ok, skip the last one but now more than ever pay attention.!!! These are the times when profits can evaporate for even the best traders....

SWEDE , STAY WITH THE PROGRAM !!!!! This is the BEST program on Earth !!!!
Stay positive.
Being a Canadian , NAFTA was a terrible Trade Agreement from the start , and still is. The Leaders that initiated it were/are crooks. Wall Street is full of crooks.
However , let's forget about all of that and focus on Trading , right here at PIVOT POINT TRADING !!!!
Great to know that you are taking profits , whether it is early may be frustrating , but , YOU WILL NEVER GO BROKE TAKING PROFITS !!!
OIL , is a very , very interesting commodity.
I have to keep telling myself , forget about everything and focus on the trade in front of me , on the chart right in front of ME !!!
Today was another excellent day for me and now that I am done trading for the day I am asking myself WHY the USD should have blown up past 1.36 but didn't due to the massive 2 day plunge with oil.
Stay POSITIVE , as long as we all stick to this program , our lives will be much better for it.

STAY POSITIVE ,
GreenEarth

Oh and by the way, if you wonder why I haven't been much active since last couple weeks, it's cause since Davit instaured Low Impact (yellow flag) required to posts I tought I couldn't... Seems like it doesn't work so I'll try to posts more of my trades live in June.

Nobody knows trade more than Trump do :-), he's the expert of all things..

Hi guys
Anticipating June and possibly July and August to be correction months for USD. Trump polices will weaken the USD and as everything in forex nothing goes straight up or down.
Anticipating Yen to relax as well. CJ is at beautiful level. Near 80 that's a bargain IMO
CJ lowest since 2016 and that low was caused by severe crash of oil prices.
Just how low can oil prices go and who is hardest hit? 2016!
https://www.bbc.com/news/business-35245133

Posting this because we dont have that crises and CAD fundamental are looking good based on recent data.Why 2016 should be dismissed as criteria.

We'll wait until more liquid time to see where PA wants to go on this

EC should drop below 5050 this week. CAD weakness IMO is fundamentally without merit hence expecting it to gain strength.

One of the best videos I watched on China Trade War
Explains the why's

A couple of good reading eBooks:

A pre 2020 Trump election campaign speech by Curtis Ellis (Trump Campaign Senior Advisor) - much better speaker and far more convincing than Trump could ever be ...
Suggestion - IMO - do your own research and obtain a balanced view ... a few links below:
https://en.wikipedia.org/wiki/World_Trade_Organization - Trade-related disputes are resolved by independent judges at the WTO through a dispute resolution process.
https://en.wikipedia.org/wiki/Berne_Convention
https://en.wikipedia.org/wiki/List_of_Copyright_Acts
Business Is Modern War ...

Just got back from a 10 day vacay in Scotland. Had a great time but what a shit show when May decided to step down.

CJ on a Daily pattern printing a potential crab pattern, We should keep a close eye on this, perhaps a buy this week off of the 61 or 78 level. I sat through a four figure draw down last week. I lost one trade GU, and not a revenge trade as some people call them. I looked at the pivot level that I was stopped out on Friday and bought it again, and closed it 1:20 later and recovered just over half of my loss. 19 trades on the go last week and every one was red at one point. Looking better today back to mid three figures and half are green. Patience, on a bright note I've collected $10.19 in interest now on my AJ and NJ carry trades.

Down approx. 4% II qtr. Not good but nothing catastrophic either.

AUD/USD
Fundamentals: As the Reserve Bank of Australia’s next policy meeting nears on June 4. Earlier this week, RBA Governor Philip Lowe gave his strongest indication yet, saying the Bank “will consider the case” for a rate cut at the meeting. Conservative coalition government has provided some support on the expectation that there will be large tax cuts to boost the economy.

Technicals: More so to do with fundamental aspects the Aussie rallied from the 0.6900 . However, buyers might wait to go long until they see a clear cut move above the 0.7000, NOTE: confirmed by the all important intraday higher lows.

i'm watching GA

GM guys
Nice correctives moves. Took CJ long