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Weekly Pivot trading with TDI

  • #801
  • Aug 1, 2018 11:02pm Aug 1, 2018 11:02pm
Keep an eye on CJ !!
  • #802
  • Aug 2, 2018 2:46am Aug 2, 2018 2:46am
Quoting ohm
Keep an eye on CJ !!
already starts to reverse
  • #803
  • Aug 2, 2018 3:25am Aug 2, 2018 3:25am
Strange why AC is moving down when AUD is strong based on news this week. Maybe it's just waiting to bottom out?

1st screenshot = 1hr near S61
2nd screenshot = daily support between S61 to S78
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot2.png Size: 95 KB
adapt or be killed
  • #804
  • Aug 2, 2018 3:35am Aug 2, 2018 3:35am
Quoting Neil0163
Keep an eye on EC ADR red coming into a previous area where it flew off from (S61 Spike) Tdi is starting to turn 1) Watch for Price action 2) Take entry
Hi Neil,

GC, AC, NC are worth to check too, they are at WS61. Of course for GC it's better to wait BOE outcome.
Porta itineris dicitur longissima esse
  • #805
  • Aug 2, 2018 3:40am Aug 2, 2018 3:40am
Quoting slappymove
Strange why AC is moving down when AUD is strong based on news this week. Maybe it's just waiting to bottom out? 1st screenshot = 1hr near S61 2nd screenshot = daily support between S61 to S78 {image} {image}
I was just watching it and making the same considerations. Probably the main reason for AUD downward move are bound to trade war between USA and China plus Gold price heading down since January.
Porta itineris dicitur longissima esse
  • #806
  • Aug 2, 2018 3:41am Aug 2, 2018 3:41am
Quoting slappymove
Strange why AC is moving down when AUD is strong based on news this week. Maybe it's just waiting to bottom out? 1st screenshot = 1hr near S61 2nd screenshot = daily support between S61 to S78 {image} {image}
Essentially the AUD is a commodity currency so any weakness in commodities or issues with major trading partners ( Who buy aussie commodities ) i.e. china will result in AUD weakness. The CAD is a commodity currency also - Is the aussie a weaker commodity currency than CAD - current price action says yes.
  • #807
  • Aug 2, 2018 3:42am Aug 2, 2018 3:42am
"A pound under the political cosh is unlikely to find much love from a dovish 25bps BoE rate hike at the August 'Super Thursday' meeting. The tail risk of no rate hike this week would be the equivalent of pulling a rug from under GBP’s feet - with risks of GBP/USD falling to 1.28."

https://think.ing.com/articles/pound...eting-preview/

Key messages: Dovish BoE hike unlikely to spur much GBP upside

  1. A pound under the political cosh is unlikely to find much love from a dovish 25bps BoE rate hike this week. While we see the MPC delivering a 25bps rate hike at the ‘Super Thursday’ August BoE meeting, we think the potential for at least one, if not two dissenters (Cunliffe and Ramsden) – as well as cautious rhetoric by Governor Carney in the post-meeting press conference – is unlikely to engender much hawkish spirit in either UK rates or the pound this week, not least as both markets remain dominated by the risk of a no-deal Brexit.

  1. The Bank of England not hiking this week would be the equivalent of pulling a rug from under GBP’s feet – with GBP/USD falling to 1.2800/50 and EUR/GBP rallying to 0.90-0.91.
  2. However, the most likely market reaction following an expected 25bps BoE rate hike is a dovish one as the current political and broader economic environment renders any hawkish BoE assertions as incredible right now.
  3. While the UK rates market is underestimating the potential BoE rate hike path under a smooth Brexit scenario, we doubt investors will be broadly willing to bring forward their BoE policy tightening expectations given the obvious near-term political headwinds. However, we note GBP sentiment is particularly bearish – with positioning and options markets having already adjusted to the prospect of near-term GBP weakness. This may limit any GBP fallout from a dovish BoE rate hike this week.

  1. Hawkish BoE rhetoric alone is unlikely to elicit a steeper UK rate curve. At best, we see the curve staying where it is or bull flattening (longer-term UK rates moving slightly lower). This lends itself to a neutral to bearish GBP reaction in the short-term – with GBP/USD potentially falling back to 1.30 this week as the focus shifts to a tricky few months for Brexit politics.

  1. Looking more broadly, our BoE-Brexit matrix shows an array of outcomes for GBP/USD and EUR/GBP under (1) varying no deal Brexit risks and (2) alternative BoE policy stances. With our house view that a no-deal Brexit will ultimately be avoided – we continue to see the potential for a significant relief rally in the pound on the basis of positive Brexit outcome (GBP/USD moving to 1.37-1.38 and EUR/GBP moving to 0.85-0.86). The catalyst for this re-pricing would be a concrete resolution on the Irish border 'backstop' dispute.

  • #808
  • Aug 2, 2018 3:46am Aug 2, 2018 3:46am
Pretty happy with the start of the month. EJ,UJ,CJ,NJ and BJ. This is a real account.
Took my profit a little early in hindsight but exiting is not easy.
Thank you Davit your undying effort to help so many people.
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  • #809
  • Aug 2, 2018 3:47am Aug 2, 2018 3:47am
It feels like I'm watching paint dry while waiting for AUD/USD to hit my TP!
Attached Image (click to enlarge)
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  • #810
  • Aug 2, 2018 3:57am Aug 2, 2018 3:57am
i got in on the JPY move as well, but on EJ. + closed gbpchf early because price was stalling
Attached Image(s) (click to enlarge)
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  • #811
  • Aug 2, 2018 5:35am Aug 2, 2018 5:35am
Just printed new fresh CJ interesting .... is interesting week ahead greate weekend to all of you friends!
Attached Image (click to enlarge)
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  • #812
  • Aug 2, 2018 5:40am Aug 2, 2018 5:40am
Quoting mizi123
Just printed new fresh CJ interesting .... is interesting week ahead greate weekend to all of you friends! {image}
Interesting resistance area will turn into support (maybe ) R61....
Attached Image (click to enlarge)
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  • #813
  • Aug 2, 2018 6:01am Aug 2, 2018 6:01am
Looks like gbpcad flew up after the s61
  • #814
  • Aug 2, 2018 6:15am Aug 2, 2018 6:15am
Quoting sharingan9
Looks like gbpcad flew up after the s61
I was in
  • #815
  • Aug 2, 2018 6:38am Aug 2, 2018 6:38am
Quoting Neil0163
{quote} I was in
Nice trade buddy. I stayed out. didnt know how news was gunna go. Were you confident that gbp news would print green? cheers.

News keeps getting in the way of my gbp trades lol. I took a short on UJ for the week. that was it for me. Wanted to get in on gbpcad but it hit the 61 just 4 hours before the news. Didnt want price to range or travel 30 pips south and then have news print red dropping pirce down another 70 pips and having my trade drown in draw down. You mentioned the votes were coming in for the rates. WHere did you see the votes? on the news? I notice you are in UK. cheers
  • #816
  • Aug 2, 2018 6:44am Aug 2, 2018 6:44am
Got big spikes on GBPCAD and GBPAUD. Guess it's related to broker.

Attached Image (click to enlarge)
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  • #817
  • Aug 2, 2018 6:49am Aug 2, 2018 6:49am
Quoting kirinda
Got big spikes on GBPCAD and GBPAUD. Guess it's related to broker. {image}
your chart is so much different than mine. GBPCAD went up for me:

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  • #818
  • Aug 2, 2018 6:51am Aug 2, 2018 6:51am
Seems Carney is dragging the pound with his speech. Too much gbp news in one go. Who knows what would have happened.
  • #819
  • Aug 2, 2018 6:56am Aug 2, 2018 6:56am
Quoting sharingan9
{quote} your chart is so much different than mine. GBPCAD went up for me: {image}
Yes, it's very different. Luckily I was't in any trade with these pairs.
  • #820
  • Aug 2, 2018 6:57am Aug 2, 2018 6:57am
Cleaning ratailers SL's, after positive info for Sterling people started buying
Attached Image
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