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Pivot Trading

Quoting Davit
{quote} well done now gives you second opportunity to long again. Maybe little smaller lots. Could you share your trade report indi? Mine stopped working and the one that works does not have % option. Thank you
Closed a few more longs on EC earlier today, and now I am done for the week.
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The Trade Report Indi that I use is a updated version from our friend Russian30.

  1. Here is the indi;
  2. Here is also another updated version that allow multiple versions of Trade Report at same screen;


The Ekim7's version is fine too.

"In the end you only trade yourself."
Hey traders ,
for me , I will be focusing on the AUD/CAD and NZD/CAD this week ( pretty much the same thing).
Looking for these two to trade between 97 and 9780 for the week , that is , I WILL BE TRADING BETWEEN THESE TWO PRICES.
I see the Canadian Bank Rate on Wednesday to be a non-issue , however , like always , you can expect a bit of volatility on Wednesday. COVID has a
severe grip on our economy as most of you already know.
If these pairs fall below 97 , the catalyst will be WTI pushed higher by speculators to the $70- $75 bbl range , then normalize in the weeks ahead to the
$50-$60 dollar range.

Green Pips To All ,
Have a great week ,
GE
"Define the risk OUT of your trade"--Mark Douglas
Hi guys
CAD is over-performing without much of fundamental factors.Yes OPEC maintained same cuts for this month but there is HUGE glut in the market as is hence I do anticipate rabid decline of crude next 3weeks starting after CAD data releases this week last one Friday.
Market is basically in squeeze mode.UC long once becomes clear is solid choice.We should head back to 1.28 then 1.30
Stay safe.
In trading, you have to be defensive and aggressive at the same time
Quoting Davit
Hi guys CAD is over-performing without much of fundamental factors.Yes OPEC maintained same cuts for this month but there is HUGE glut in the market as is hence I do anticipate rabid decline of crude next 3weeks starting after CAD data releases this week last one Friday. Market is basically in squeeze mode.UC long once becomes clear is solid choice.We should head back to 1.28 then 1.30 Stay safe.

For all intents and purposes Davit , the Canadian Oil Industry has been shut down for a year now , in line with Covid. Our oil industry is barely alive up here. My oldest son works directly in the "oil patch" , it's dead and he doesn't see it recovering at all. My parental advice is to leave the oil patch and become either an electrician or an HVAC technician. Too bad , 15 years ago when he was 18 he was grossing over $300K per year.
Cheers traders ,
GE
"Define the risk OUT of your trade"--Mark Douglas
Watching to short CAD.
My prime candidates are EC, CJ.

Let's see.
"In the end you only trade yourself."
Hey GreenEarth!

Interesting comments from you about the Canadian oil industry. CAD is certainly strongest overall currency right now. EUR is weakened across the board. AUD and NZD seemed to have more relative strength so I am watching them. Haven't done any noteworthing trading recently but am getting back into the game now. Lots of nice CAD opportunities missed but there are always more chances.

We are pretty light on red news this week. I usually watch medium and low impact news when this is the case,
Tues: AUD Gov Lowe - red news may bring a short opportunity with GA if it fares well for the AUD. GBP is generally weak right now. Possibly if EA makes a move north toward R61, it would be a good opportunity to short but will wait to see if it can get there.

Wednesday USD CPI which suggests it should receive a boost if the news is as projected. The CAD rate announcement and statement will most likely be priced into the market by then. CAD crude oil inventories are worth watching.

Thurs: EUR rate announcement and statements. Watching, no expected rate change, weaker sentiment probably priced in by then however will wait to see if any surprises.

Friday: CAD unemployment rate and changes. Is forecast to decrease from 9.4% to 9.2%. Once again, potentially strengthening the already strong CAD.

These are just some things I am watching, not an indepth analysis in any way. I'm watching, AN, GA, EU is in a nice place but the USD is much stronger than EUR now. I would rather a pullback and entry short. For now, I am watching for pullbacks. EG is also in nice place at S78 but one more I think may pullback and continue south.
Thoughts? Thanks.
Quoting rupasi
Hey GreenEarth! Interesting comments from you about the Canadian oil industry. CAD is certainly strongest overall currency right now. EUR is weakened across the board. AUD and NZD seemed to have more relative strength so I am watching them. Haven't done any noteworthing trading recently but am getting back into the game now. ....... The CAD rate announcement and statement will most likely be priced into the market by then. CAD crude oil inventories are worth watching. Thurs: EUR rate announcement and statements. Watching, no expected rate change,...
Hey Rupasi , the CAD is definitely surprising to me at the moment except against the NZD and AUD. Booked a nice profit on the AC and did not have S61 in as a target for this week , but , now I definitely do. This is Forex and I shouldn't be creating my own bias , but , I did as a safety measure. I will be shorting pullbacks on these pairs this week. I definitely believe that the AC will have a very tough time to break through the S61-S78 zone on a sustained basis. Thus , I have to re- adjust my AC trading zone for this week to be between the WPP and S78. Powerful moves on the daily chart.
"Define the risk OUT of your trade"--Mark Douglas
Quoting GreenEarth
{quote} Hey Rupasi , the CAD is definitely surprising to me at the moment except against the NZD and AUD. Booked a nice profit on the AC and did not have S61 in as a target for this week , but , now I definitely do. This is Forex and I shouldn't be creating my own bias , but , I did as a safety measure. I will be shorting pullbacks on these pairs this week. I definitely believe that the AC will have a very tough time to break through the S61-S78 zone on a sustained basis. Thus , I have to re- adjust my AC trading zone for this week to be between...
Good going on catching some pips there.
Im selling Audusd!
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Nothing is impossible - IHS
Quoting R61
Watching to short CAD. My prime candidates are EC, CJ. Let's see.
Closed CJ +117
Started shorting from R61.
Few but heavy.
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"In the end you only trade yourself."
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Nothing is impossible - IHS
Short AC @ .9642 with a take profit set at .9680 for overnight while I sleep.
Regards ,
GE
"Define the risk OUT of your trade"--Mark Douglas
Quoting GreenEarth
Short AC @ .9642 with a take profit set at .9680 for overnight while I sleep. Regards , GE
You probably meant long. Your TP got hit plus lot more.
In trading, you have to be defensive and aggressive at the same time
Quoting Davit
Hi guys CAD is over-performing without much of fundamental factors.Yes OPEC maintained same cuts for this month but there is HUGE glut in the market as is hence I do anticipate rabid decline of crude next 3weeks starting after CAD data releases this week last one Friday. Market is basically in squeeze mode.UC long once becomes clear is solid choice.We should head back to 1.28 then 1.30 Stay safe.
Crude already coming down with it CAD.Lets see how it unfolds tomorrow morning. Key factor is BOC reduction of bond buying.If they say nothing then CAD will get killed most likelihood. Crude was the factor well its already going to be in the past.Market already did its squeezing..
Having said above anything can happen in the markets.
In trading, you have to be defensive and aggressive at the same time
Quoting Davit
{quote} You probably meant long. Your TP got hit plus lot more.
I suspect they meant short but did a typo of .9642 instead of .9742
(entry long @.9642 would not have been triggered for the TP to have been hit.)
Hope for the best, prepare for the worst.
Hi Traders , I must be clear here , I am SHORT AC @ .9642

Cheers,
GE
"Define the risk OUT of your trade"--Mark Douglas
Quoting GreenEarth
Hi Traders , I must be clear here , I am SHORT AC @ .9642 Cheers, GE
Well , if I could read , and then re-read what I type , I might just get somewhere in Forex , LOL !!!!

I am SHORT AC @ 9742

Damn that was hard, sorry if I confused anyone
Signed ,
The Confused GE
"Define the risk OUT of your trade"--Mark Douglas
I am here to guide anyone who need assistance on Pivot with combination of PA + Maths. Yes, I can go commercial and sell my techniques, but i bet it wont work for anyone in long term. If I just want money, yes I can. Different character attracted to different profession by norm. Not everyone can become a surgeon and not everyone can become a farmer. You need to come back to yourself before choosing this profession. Why trading? No matter what is the reason behind it, Trading is simply 80% Money Management, 10% Technique, 10% Psychology. It requires certain characteristics to be built for this profession. Yes it all takes time to reshape yourself to get graduated.

Anyone who puts it their believes in commercial section is only for some hidden motive. I am not here to comment about them. One can learn to believe and believe again and again and switch again forever. That's what people are doing here for long time on any context.

I can teach you + - / x and some algorithms. But without knowing where, how and when to apply the formula, you will just become a parrot that repeats the formula on any occasion. Knowledge is about knowing. To start knowing and feel it your self requires effort of course.
Education and practice with the right teacher. There are many you can believe but once you know you just know it

You can watch my trading log at my channel t.me/ahritrade. Take time to learn and analyze your self. Follow my trades free until you really know. I will train you. No obligation. Once you are earning yourself, then maybe you can choose to donate as a gratitude if you wish.

Free Personal Trade Journal: https://t.me/ahritrade
Quoting GreenEarth
{quote} Well , if I could read , and then re-read what I type , I might just get somewhere in Forex , LOL !!!! I am SHORT AC @ 9742 Damn that was hard, sorry if I confused anyone Signed , The Confused GE
No worries friend.
Hey Folks ,
Trade of AC triggered another position , short AC at the WPP 9770 , currently in profit.
1st position of AC still in drawdown at 9742. Still targeting 9670 for TP by the end of the week.
I am keeping an eye on the 9720-9730 for an alternate TP if support proves to be too substantial , just above S38(9693).

Cheers ,
GE
"Define the risk OUT of your trade"--Mark Douglas
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