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Pivot Trading

  • #10,841
  • Jul 5, 2017 3:03pm Jul 5, 2017 3:03pm
I just can not belive the power of this Pivots, Thank you @Davit, you are really making the difference!
  • #10,842
  • Jul 5, 2017 3:49pm Jul 5, 2017 3:49pm
NZD might strengthen with the whole N.Korea situation as it's considered safe haven. So i might cut some NZD trades (AN & NU).
"Letting losses run is the most serious mistake made by most investors."W.O
  • #10,843
  • Jul 5, 2017 5:29pm Jul 5, 2017 5:29pm
close partial, rest to BE
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  • #10,844
  • Jul 5, 2017 9:37pm Jul 5, 2017 9:37pm
Quoting fibo38
close partial, rest to BE {image}
Splendid...
Fall seven times, stand up Eight! #GGMU
  • #10,845
  • Jul 5, 2017 9:39pm Jul 5, 2017 9:39pm
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Fall seven times, stand up Eight! #GGMU
  • #10,846
  • Jul 5, 2017 10:15pm Jul 5, 2017 10:15pm
Quoting fibo38
close partial, rest to BE {image}
Dear fibo38
i want the news indicator plz send me the url where you have downloaded this indicator
my english is very weak, so plz pardon any mistake
  • #10,847
  • Jul 5, 2017 10:50pm Jul 5, 2017 10:50pm
Quoting liamseden
NZD might strengthen with the whole N.Korea situation as it's considered safe haven. So i might cut some NZD trades (AN & NU).
Please don't build analogy then act upon it. Your NZD shorts are fine.Lets see by Friday how things unfold but N.Korea is none factor.
regards
In trading, you have to be defensive and aggressive at the same time
  • #10,848
  • Jul 5, 2017 10:54pm Jul 5, 2017 10:54pm
EJ starting to grow legs on this
Yes I count every position every pipEvery position is mathematically independent trade so anyone again questions this will be removed without answer!
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In trading, you have to be defensive and aggressive at the same time
  • #10,849
  • Jul 5, 2017 11:05pm Jul 5, 2017 11:05pm
Quoting Vicaff
I just can not belive the power of this Pivots, Thank you @Davit, you are really making the difference!
yes there are very effective.Its truly a road map
In trading, you have to be defensive and aggressive at the same time
  • #10,850
  • Jul 6, 2017 2:10am Jul 6, 2017 2:10am
Davit,

can you PM me your email? would like to discuss something. Thanks
  • #10,851
  • Jul 6, 2017 6:53am Jul 6, 2017 6:53am
Quoting mirex
Davit, can you PM me your email? would like to discuss something. Thanks
not managing other people's money and not sharing my email.Thank you
In trading, you have to be defensive and aggressive at the same time
  • #10,852
  • Jul 6, 2017 6:54am Jul 6, 2017 6:54am
Closed NU +266 pips

EJ missed taking profit was sleeping and its opposite now.Gonna have to give it time.
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In trading, you have to be defensive and aggressive at the same time
  • #10,853
  • Jul 6, 2017 6:58am Jul 6, 2017 6:58am
E/C
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  • #10,854
  • Jul 6, 2017 7:21am Jul 6, 2017 7:21am
37.5% drop in ADP employment. Much weaker than expected. US could continue to weaken, unless NFP tomorrow surprises to the upside. We have seen these kinds of changes before. Have to wait for NFP for more clarity.

Trading definitely is a numbers game, as MD says.
  • #10,855
  • Jul 6, 2017 7:24am Jul 6, 2017 7:24am
Quoting liamseden
NZD might strengthen with the whole N.Korea situation as it's considered safe haven. So i might cut some NZD trades (AN & NU).
Could happen. If the US does strike NK, then JPY would probably gain (Japanese funds repatriating capital).
It's what happens in a risk-off scenario.

I see NZ mostly because of higher interest rates, relative to its peers.
  • #10,856
  • Jul 6, 2017 7:25am Jul 6, 2017 7:25am
Quoting pgr45za
37.5% drop in ADP employment. Much weaker than expected. US could continue to weaken, unless NFP tomorrow surprises to the upside. We have seen these kinds of changes before. Have to wait for NFP for more clarity. Trading definitely is a numbers game, as MD says.
When I am not sure about USD I trade crosses. I only had NU and I am out on NU now all crosses.
JPY straightening would help
General data on US economy is getting progressively weaker and Feds are going to cool off on hikes. We may have 1.25 during all Trump years even possible rate cut
Massive infrastructure spending and adding trillion dollars to national debt is not going to lift US economy.This country now is highly polarized much more then ever.Basically 50% of the US population lives in different reality.This does not generate consumer confidence and when people don't spend money everything starts to crawl.
In trading, you have to be defensive and aggressive at the same time
  • #10,857
  • Jul 6, 2017 7:34am Jul 6, 2017 7:34am
Quoting Davit
{quote} When I am not sure about USD I trade crosses. I only had NU and I am out on NU now all crosses. JPY straightening would help General data on US economy is getting progressively weaker and Feds are going to cool off on hikes. We may have 1.25 during all Trump years even possible rate cut Massive infrastructure spending and adding trillion dollars to national debt is not going to lift US economy.
In equity markets the Trump rally was based on the expectation of tax cuts. The infrastructure investment was just a bonus for contractors. Then, with the FBI/Russia story and the difficulties in passing a health care reform, most participants probably see a growing lack of unity within the Republican party.

I would not discount a strong US economy in H2, but for now fundamentals seem weak and Europe is *strangely* (how long will this honeymoon effect last?) the poster child.
  • #10,858
  • Jul 6, 2017 7:37am Jul 6, 2017 7:37am
The market has been weird since Thursday in terms of fundamentals.

We have all the voices using mental gymnastics to play with the market but all the data from all regions disproving that gymnastics, people are now worried about an equities crash. I expect the market will move from a fundamental standpoint to a fear/greed standpoint.

Its going to be messy, as Davit says, crosses are probably the easiest to trade now other than majors because of this mental gymnastics
  • #10,859
  • Jul 6, 2017 7:40am Jul 6, 2017 7:40am
Re CAD, trade balance worsened a lot. See FF Calendar.
Fundamentally, this means that to restore requilibrium (which takes time), CAD would have to weaken against the rest.

This bodes well for UC long. Will take some time, it seems. Market in wait and see mode, until NFP tomorrow.
  • #10,860
  • Jul 6, 2017 7:44am Jul 6, 2017 7:44am
Quoting Takisd
The market has been weird since Thursday in terms of fundamentals. We have all the voices using mental gymnastics to play with the market but all the data from all regions disproving that gymnastics, people are now worried about an equities crash. I expect the market will move from a fundamental standpoint to a fear/greed standpoint. Its going to be messy, as Davit says, crosses are probably the easiest to trade now other than majors because of this mental gymnastics
The fear of a market crash (if it happens), would set in motion risk-off and JPY would probably rise.
In that scenario, a CADJPY short would be interesting ...
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