Pivot Trading

Quoting Mundo

Disliked

My attempt at this weeks Calendar. Monday 9:00am USD ISM Non-Manufacturing PMI 9:30pm AUD RBA Rate Statement - Seems like no change is in order. I will be following this one because however it moves it will, in my opinion, have NZD follow suit on Wed. Especially if they do change rates or have dovish Statement. Good for AN trade. AUD Cash Rate Tuesday All Day USD Congressional Elections - Republicans maintain control Dollar rises...and I think big. If not, it will be a long winter for the Dollar and Trump and US Gov will be back to the old boring...

Ignored

Quoting Davit

Disliked

{quote} Hi Mundo This week is all about the pink elephant in the room which you barely touched.Feds rate is most important event and it possibly shapes not only this week prices but entire Nov going to Dec. Just thought you should have a solid plan how to trade it! {image}

Ignored

Quoting Mundo

Disliked

{quote} Custom dictates that the Fed does not move rates in an election month, and as we might expect the market positioning reflects that, with 94% of November Fed funds futures positions signalling no change. - Pepperstone I just thought that this statement carried some weight. I see the elections deciding what the market will do this week. But I could be wrong thanks for pointing this out to me.

Ignored

Quoting Egbert

Disliked

{quote} AGREE! {image}

Ignored

Quoting Davit

Disliked

{quote} Hi Mundo The way I look at the calendar events is to gauge possible trading scenarios and creating awareness when and what. I start with most important to trickle down. Feds rate. In my view if rates stays the same USD most likely may get a beating and could get a beating from start of the week however it may not be the case,either way my bias is USD weakness to continue and more to come. Doing the calendar is to put you in Tune with the music of the market! Your focus/ filtering where to hit hard where to easy off the[/highlight]...

Ignored

Quoting Mundo

Disliked

{quote} Great lesson...since I have to learn when to do this. Thanks for your input always looking to become a better trader so will work on this. This is for me a huge improvement as I had mentioned from my start I was one to trade strictly technical and am still grasping the fundamental part. Good thing you keep making it clearer each time.

Ignored

Quoting elan1988

Disliked

started loading short audcad, nzdcad. first target pivot. postions holding now short usdjpy (5 positions) short usdcad (9 positions) short eurcad (4 positions) short audcad (1 positions) short nzdcad (1 positions)

Ignored

Quoting Davit

Disliked

Nice both AC and NC opened lower I shorted both lets how it goes once real liquidity kicks in. Still heavy short on UC.I think this may plunge lower once Feds rate remain unchange

Ignored

Quoting Davit

Disliked

Nice both AC and NC opened lower I shorted both lets how it goes once real liquidity kicks in. Still heavy short on UC.I think this may plunge lower once Feds rate remain unchange

Ignored

Quoting nezis

Disliked

{quote} Davit. You can not let everything take its course. I and a lot of people here who are interested in what you write. Your thread is your rules. In general, it is worth discussing only your messages. Otherwise, as in the Russian saying: With seven nannies the child loses an eye.

Ignored