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Pivot Trading

  • #23,141
  • Dec 3, 2018 9:00am Dec 3, 2018 9:00am
Quoting WGChina
{quote} Hasn't your USD-JPY come out yet?
Hi WGChina, as said still stuck in it.
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Porta itineris dicitur longissima esse
  • #23,142
  • Dec 3, 2018 9:22am Dec 3, 2018 9:22am
Quoting bubincka
{quote} Hi WGChina, as said still stuck in it. {image}
I’m confident it will play out from a technical perspective. I been hit hard on NZD pairs, what a stubborn child we have here. I think sometimes it’s about patience and maintaience of opening trades. Just my two cents
  • #23,143
  • Dec 3, 2018 1:48pm Dec 3, 2018 1:48pm
AN worth to be monitored especially S61
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  • #23,144
  • Dec 3, 2018 3:22pm Dec 3, 2018 3:22pm
I'm holding the EC still and am also AN but with the AN I'm now picking up the range while I wait for the push north (despite the neg swap)
I will get my head around this, but always can be wrong
  • #23,145
  • Dec 3, 2018 4:17pm Dec 3, 2018 4:17pm
Hi guys
As more you do the calendar events it becomes obvious why Pairs do what they do.Example EU is in a limbo waiting to hear Draghi speak AUD waiting for Rate statement and so on.
Need to plan your trades with this knowledge in mind
EC may test 1.50 again but doin't think it has fundamentals to push higher now which may provide re short again
In trading, you have to be defensive and aggressive at the same time
  • #23,146
  • Dec 3, 2018 4:42pm Dec 3, 2018 4:42pm
Quoting Davit
Hi guys As more you do the calendar events it becomes obvious why Pairs do what they do.Example EU is in a limbo waiting to hear Draghi speak AUD waiting for Rate statement and so on. Need to plan your trades with this knowledge in mind EC may test 1.50 again but doin't think it has fundamentals to push higher now which may provide re short again
Your right Davit, I think it’s a on going process and getting burnt from being trigger happy only makes you review what you doing wrong. I’m too happy trigger and this is what gets me into big DD, not more than 10% but I have close trades on a loss due keep long to the strategy. NZD has taken me on a rollercoaster, as the saying goes - The markets can act irrational a lot longer than they can act rational.

I don’t see the point performing well in one month only to give it back the next. I aim to focus on data releases then act after, This is where the real opportunitys lie. I’m not quitter, so I will prevail.

Thanks Riese.
  • #23,147
  • Dec 3, 2018 4:42pm Dec 3, 2018 4:42pm
waiting for this one. I hope AJ will go south
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  • #23,148
  • Dec 3, 2018 7:37pm Dec 3, 2018 7:37pm
Quoting bubincka
{quote} Hi WGChina, as said still stuck in it. {image}
Science and art
  • #23,149
  • Dec 4, 2018 12:07am Dec 4, 2018 12:07am
Quoting RieseP
{quote} NZD has taken me on a rollercoaster, as the saying goes - The markets can act irrational a lot longer than they can act rational.
NZD is a lesson in experience and the real demonstration that anything can happen. There are no news on the horizon but for months NZD is everyday the strongest currency. As Davit says, it has become the new safe haven, and this is also evident from the shift NZD/CHF in favor of the kiwi.
I'm in AN long trade since a while with a controlled DD and I expect an inversion that could take place starting from this week.
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Porta itineris dicitur longissima esse
  • #23,150
  • Dec 4, 2018 12:23am Dec 4, 2018 12:23am
Quoting 1pipperhour
{quote} Once again, there's no stress or panic. I was in that trade earlier than Davit, price moved in my way one day but the other day against me and eventually the move was 200 pips against me. I cut some losses when it was like 100 pips against me but if I looked at monthly and weekly chart I could almost certainly say that market proved me wrong. Odds seem to be against me, there are better trades for taking than this one. {image}
Might be an opportunity ...

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  • #23,151
  • Dec 4, 2018 12:33am Dec 4, 2018 12:33am
Quoting 1pipperhour
{quote} Might be an opportunity ... {image}
agree with you. but if price back below R38 before hit R61, i'll try to short NC
  • #23,152
  • Dec 4, 2018 12:43am Dec 4, 2018 12:43am
Quoting General Lee
{quote} agree with you. but if price back below R38 before hit R61, i'll try to short NC
I'm not rushing into it. NZD has been very stong lately and there's no guarantee it will turn even at r61. But we could see 100+ pips swing.
  • #23,153
  • Dec 4, 2018 12:44am Dec 4, 2018 12:44am
Quoting 1pipperhour
{quote} I'm not rushing into it. NZD has been very stong lately and there's no guarantee it will turn even at r61. But we could see 100+ pips swing.
yes, N little bit weird
  • #23,154
  • Dec 4, 2018 12:47am Dec 4, 2018 12:47am
Quoting 1pipperhour
{quote} Might be an opportunity ... {image}
And on Thursday after OPEC Meetings we can get a better view.
Porta itineris dicitur longissima esse
  • #23,155
  • Dec 4, 2018 12:48am Dec 4, 2018 12:48am
AJ adding more short posisitions
  • #23,156
  • Dec 4, 2018 1:42am Dec 4, 2018 1:42am
Closed EU +875
this was nice gain for me lots were larger
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In trading, you have to be defensive and aggressive at the same time
  • #23,157
  • Dec 4, 2018 1:43am Dec 4, 2018 1:43am
EU
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  • #23,158
  • Dec 4, 2018 1:57am Dec 4, 2018 1:57am
Closed UJ+1500
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In trading, you have to be defensive and aggressive at the same time
  • #23,159
  • Dec 4, 2018 2:28am Dec 4, 2018 2:28am
Quoting bubincka
{quote} So true. As for myself, due a mix of greed and avoiding to take a "reasonable" and fair profit at swing completion I'm still stuck on UJ short going nowhere and subtracting useful margin.
not stuck anymore
WE just need NZD to get weak a little that would be great.Who knew milk producing island is a powerhouse of currency
In trading, you have to be defensive and aggressive at the same time
  • #23,160
  • Dec 4, 2018 2:40am Dec 4, 2018 2:40am
Loading some longs on AN

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let's see how this plays out
"In the end you only trade yourself."
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