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Pivot Trading

  • #23,381
  • Dec 10, 2018 3:06am Dec 10, 2018 3:06am
Eyeing AN long, waiting for PA to do its thing but nice support to the left.
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  • #23,382
  • Dec 10, 2018 6:35am Dec 10, 2018 6:35am
Brexit mp vote delayed. Gbp is weakening
  • #23,383
  • Dec 10, 2018 6:36am Dec 10, 2018 6:36am
Quoting Ansab001
Brexit mp vote delayed. Gbp is weakening
it is fucked up not weakening
  • #23,384
  • Dec 10, 2018 7:07am Dec 10, 2018 7:07am
EG at R100
  • #23,385
  • Dec 10, 2018 8:04am Dec 10, 2018 8:04am
Closed this too. AUD is on the rise while CAD remains weak despite oil production cut. Wanted to hold for more but after having given back 50 pips per position, I preferred to bank something.

On another side, GU & EG trading at extreme levels but GBP situation is unpredicatable so I prefer to stay on the sideline-
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Porta itineris dicitur longissima esse
  • #23,386
  • Dec 10, 2018 8:17am Dec 10, 2018 8:17am
Hey Pivoters,

There seems to be congruencies with Crude and CAD dropping:

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GBP weakening with Brexit losing favor again:

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But, USD strengthening again with commodities (DXY) and DJ Index increasing, selling off of Gold (XAU):

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Regards,
John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #23,387
  • Dec 10, 2018 8:36am Dec 10, 2018 8:36am
EG dropping with a great ADR and Selling Pivot Zone with a lot of room to go south:

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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #23,388
  • Dec 10, 2018 8:47am Dec 10, 2018 8:47am
Taking any gbp pair atm is a huge huge risk Rmember this method is not just 100 percent technical. If anyone goes for gbp... Good luck
  • #23,389
  • Dec 10, 2018 9:00am Dec 10, 2018 9:00am
Quoting Ansab001
Taking any gbp pair atm is a huge huge risk Rmember this method is not just 100 percent technical. If anyone goes for gbp... Good luck
It is risky but GBP is on richtar scale oversold
  • #23,390
  • Dec 10, 2018 9:03am Dec 10, 2018 9:03am
More potential volatility events for this week:

Tuesday, 11th December

  1. 11:30 – GBP – Avg Wk Earnings 3M YY
  2. 11:30 – GBP – Claimant Count Unem Chng
  3. 11:30 – GBP – ILO Unemployment Rate
  4. 21:00 (approx.) – GBP – Parliament Brexit vote

Wednesday, 12th December

  1. 15:30 – USD – CPI

Thursday, 13th December

  1. 09:00 – EUR – German CPI Final
  2. 10:30 – CHF – 3M Target LIBOR Rate
  3. 14:45 – EUR – ECB Deposit Rate
  4. 14:45 – EUR – ECB Refinancing Rate

*All times are Server Time (GMT+2)

Plan your trade and Trade your plan.
  • #23,391
  • Dec 10, 2018 9:37am Dec 10, 2018 9:37am
Its really helpful to do your calendar before the week begins so guides us in our trading
  • #23,392
  • Dec 10, 2018 9:51am Dec 10, 2018 9:51am
Quoting emmkwad
Its really helpful to do your calendar before the week begins so guides us in our trading
Is on the ff site on the front.
  • #23,393
  • Dec 10, 2018 9:54am Dec 10, 2018 9:54am
Quoting Ansab001
{quote} Is on the ff site on the front.
Davit encouraged us to do that ourselves even though they are on the ff site
  • #23,394
  • Dec 10, 2018 10:06am Dec 10, 2018 10:06am
Quoting emmkwad
{quote} Davit encouraged us to do that ourselves even though they are on the ff site
Exactly do it yourself. You don't need to wait until Op posts it. You can see for yourself. That is the main point in trying to make here
  • #23,395
  • Dec 10, 2018 10:17am Dec 10, 2018 10:17am
Fibo 78 Weekly, high probability bounce
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Trade What's Happening... Not What You Think Is Gonna Happen
  • #23,396
  • Dec 10, 2018 10:28am Dec 10, 2018 10:28am
took a big loss on GU
Badly managed this on many levels.At one point was twice in profit again greed got me...
In trading, you have to be defensive and aggressive at the same time
  • #23,397
  • Dec 10, 2018 10:30am Dec 10, 2018 10:30am
Quoting Davit
took a big loss on GU
Ops... so sorry
Trade What's Happening... Not What You Think Is Gonna Happen
  • #23,398
  • Dec 10, 2018 10:59am Dec 10, 2018 10:59am
Quoting davit
took a big loss on gu Badly managed this on many levels.at one point was twice in profit again greed got me...
just make more and take more, buddy!
We obey the structure that results from the market's reaction
  • #23,399
  • Dec 10, 2018 11:14am Dec 10, 2018 11:14am
EURGBP great opportunity
  • #23,400
  • Dec 10, 2018 11:26am Dec 10, 2018 11:26am
Quoting Davit
took a big loss on GU Badly managed this on many levels.At one point was twice in profit again greed got me...
I did take a beating too....soon after May speech...
Wait for the system to show you the trade!
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