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Pivot Trading

Quoting 1pipperhour
{quote} Boom!
it was a huge blast
Quoting Davit
Hi Pivoters Sorry being MIA basically dodging the bullets now. Have CAD sells so waiting for Rate Decision then CAD should be dumped massively. Waiting patiently.
Hi Folks !!
Davit posted this 2 days ago !!!!
Fundamentals , Pivot Points , Technical trading , SCREEN TIME !!!!
When I see Davit post remarks like this , I literally lick my lips because I've seen him be successful on these setups pretty much 100% of the time !!!!

Now , I AM WAITING TO REVISIT S61 TO SEE IF S78 OR S100 IS REACHED. I will be looking for LONG ENTRIES PERSONALLY.
Since I'm Canadian , 25 Basis Point Hike in Canada , is going to pile on a "World of Hurt" to this Country.

Sincerely , GE
"Define the risk OUT of your trade"--Mark Douglas
If you're trading the UC this week , tomorrow MIGHT be somewhat mundane , MIGHT !!!!
Friday is CAD Employment Data , a significant miss or a significant gain , COULD SPARK QUITE A RALLY ON THE DAY !!!!
Currently , I'm on the sideline waiting to see what the Asian Session brings followed by the New York Session.
If I don't see a decent setup , I simply wait for next week.
A valuable lesson that I learned from the Senior Traders on this thread is , "DON'T GAMBLE "!!!! , "TRADING IS WAR "!!!! , "DON"T GET IN FRONT OF A FREIGHT TRAIN , YOU WILL LOSE EVERY TIME" !!!!
I realize that this post gives the impression that I'm "fence sitting" , I am. Sometimes , "fence sitting" is a prudent trading bias to hold.

Regards ,
GE
"Define the risk OUT of your trade"--Mark Douglas
I have NC buys, UJ sells and AZ Sells... All quite a lot in draw down allready, but I still have some room to my mental stop loss... If prices will not make any significant change, I need to cut...
the only place success comes before work is in the dictionary
Ben1 Return This Week: na
If you ask me then seems like CJ is testing supply and still wants to go higher. Interesting.
EC Buys, 4H TF
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Seek first to understand, then to be understood
If possible I will re-enter at pullback.

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Quoting 1pipperhour
If possible I will re-enter at pullback. {image}
I wouldn't short until there is a strong reversal sign
Quoting alish746
{quote} I wouldn't short until there is a strong reversal sign
Did I short it?
Quoting 1pipperhour
If possible I will re-enter at pullback. {image}
I may enter long after the news, daily trend is up, JPY is weak. Not expecting and bad surprise with the data but still going to see first before I enter. A pullback would be nice in the next hour or so but if there isn't one, this still works I think.
Bad numbers, some relief for CAD shorts.
Possible one to watch - UC longs
However, CPI on Tues and PPI and rate decision on Weds which may influence.
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Green pips for the week ahead all!
Successful trading is intrinsic to risk management and discipline
Another one which may provide some results - AN shorts
Watching NZD GDP on Weds expected to have declined by 0.5% on the previous release but the estimate is low at 0.1% and a green number would help shorts.
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Successful trading is intrinsic to risk management and discipline
US CPI numbers red, so the question is, are they going to raise rate tomorrow...
If they do, $ will fly I think.
Quoting 1pipperhour
US CPI numbers red, so the question is, are they going to raise rate tomorrow... If they do, $ will fly I think.
hopefully not. I have still some UJ shorts... I consider to close them before the news...
the only place success comes before work is in the dictionary
Ben1 Return This Week: na
Quoting 1pipperhour
US CPI numbers red, so the question is, are they going to raise rate tomorrow... If they do, $ will fly I think.
But expected was 4.1%, this is slightly better. Core MoM was 0.4% (as expected)

I think it's very possible for a pause on the rate hike tomorrow.
EJ short at 5123

Ridiculous level
In trading, you have to be defensive and aggressive at the same time
AN shorts since last week, played out yesterday, patience pays
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Seek first to understand, then to be understood
Quoting Davit
EJ short at 5123 Ridiculous level
with the swap it is not worth it.
Quoting Steamroller
{quote} with the swap it is not worth it.
Good point. Thank you for pointing this out. I often forgot the swap in the past... My swap on my open UJ trades at the moment is already sooo high
the only place success comes before work is in the dictionary
Ben1 Return This Week: na
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