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Pivot Trading

Absolutely, go TRUMP!!!! The only chance that this nation has!!!!!!!!!!!!!!!!!!!!!!!
TX
Quoting Davit
{quote} noticed I am posting too much lately but that will end soon in few weeks once I start working full time.I will still participate on the thread but not as much as I am now. Just finished watching VP debate Go Trump!
Good Luck on the new job D,

Quoting Tx15
Absolutely, go TRUMP!!!! The only chance that this nation has!!!!!!!!!!!!!!!!!!!!!!! TX
Im just wondering why Trump has given that impression - "the only chance this nation has".. Is it due to his foreign policies (proposed) especially against terrorism? Ive watched and listened to most of what he says, very far from the statesman behavior of presidents. He's riled up a lot of people, certainly the democrats and even some republicans alike are against him winning. So why his popularity and preference?

Cheers
MR
Silence your Ego & Your Power will Rise
Quoting Davit
{quote} don't short AN just leave it alone. NZD is getting weak and chances are it will continue up.Not a high probability trade.I am glad though your lots are small. R38 not the best place to short in general. I posted last night about shorting AU and NU and both worked beautifully...Remember we are looking for high probability trades.We must have the Edge on our side so over large sample size winners come on top. Warm regards
Thank you for the guidance, i had to take the loss on the trades, thankfully they were not material
D labour of a fool wearieth him cos he doesn't know how to enta d city
Mr Davit, did you re-load short on AU at ~0.762? I got huge profit on 0.766 - 0.761 drop with 5 0.05 lot shorts, but I missed the rebounce to short again..

Also if you don't mind me asking, what's your short price of EG entry at? No need for you to answer, it's just to prove myself I'm improving with my mindset getting on par with my mentor. I'm short at 0.880 after a hangman candle on m30.

Regards
The Euro appears to have a V8 motor under the bonnet....
R
Aussie Battler
R138 on EG - without taking a breath. In drawdown on this pair - but will stick with plan.
This pair is very overstretched on most timeframes - but Draghi has stirred some life back into the Euro so have to be patient.
There will be a corrective wave at some point, which means price will revert towards weekly pivot.
Agree with Davit - this is a much safer way to play GBP exposure
Quoting mch1970
R138 on EG - without taking a breath. In drawdown on this pair - but will stick with plan. This pair is very overstretched on most timeframes - but Draghi has stirred some life back into the Euro so have to be patient. There will be a corrective wave at some point, which means price will revert towards weekly pivot. Agree with Davit - this is a much safer way to play GBP exposure
EG @R138
GU @S200

omg.. but it make sense selling EG far saver dan buying GU.
I'm -30 pips on EG holding my position, SL -70 pips
EA is up now, also AU go down. i keep my eye for a retracement. if i was late, so no trade for me.
Quoting dnl
{quote} EG @R138 GU @S200 omg.. but it make sense selling EG far saver dan buying GU.
Big move yes - but price moves in waves and this current up move will have a corrective wave.
Key to emotionless / fearless trading is position sizing and working with the probabilities. I'm short EG between R78 and R138. These are decent levels to be in the trade and my position is small enough that I'm not constantly monitoring the trade.
Quoting mch1970
{quote} Big move yes - but price moves in waves and this current up move will have a corrective wave. Key to emotionless / fearless trading is position sizing and working with the probabilities. I'm short EG between R78 and R138. These are decent levels to be in the trade and my position is small enough that I'm not constantly monitoring the trade.
Tough to look for top or bottom when driven by fear, pound is being dumped even though fundamentals are intact. Or is this classic market herding?

Ive closed most positions with a loss, only 2 running, I would probably get back in if there is a strong 4 hour candle.

Cheers
MR
Silence your Ego & Your Power will Rise
With all the respect to everyone,
Let's get back to trading.

EG hit R138 and is in a downfall at the moment. Sterling gaining strength. Anyone is in this winning trade?
Positioned GU Long between S161&S200. Targeting S100. SL tight under S200.

What you guys think about the profit target and the SL?
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UK Service sector continues to recover from Brexit vote shock
From markiteconomics.com
http://assets.forexfactory.net/nfs/p...g?_=1475656280

The UK service sector continued to recover from July’s EU referendum-induced shock, according to PMI® survey data for September from IHS Markit and CIPS. Business activity rose for the second month running, following a sharp drop in July linked to uncertainty surrounding the UK’s vote to leave the European Union. Moreover, new business rose at the fastest pace since February and the rate of job creation picked up. However, future expectations remained very low by historical standards and the survey recorded the sharpest increase in service sector input prices in over three-and-a-half years.
I have been trading for years and this thread is about the best thing that has happened to me.

Mark Douglas should be knighted!!
Not in the market at the moment because at work, but trying to recognise and understand when the big boys are trying to move the market by taking out stops and then dumping I think it may help when observing PA in pivot areas. I see it that if the big boys are not trying to manipulate the market then retail natural reaction at key areas may be common in terms of a swing happening at those areas but paying mind to the force of the move and PA as well as the big boys may follow retail as well on the swing.
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