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Pivot Trading

  • #24,001
  • Jan 9, 2019 2:19am Jan 9, 2019 2:19am
Quoting 1pipperhour
Consensus has changed, overnight rate will stay at 1.75% for CAD. Interesting if 2.00% was priced in and now it will stay unchanged then will it shoot up or what.
USDCAD seems to be poised to go up.
There are to many news and variables on the horizon today on both currencies, so it's difficult to decide.
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Porta itineris dicitur longissima esse
  • #24,002
  • Jan 9, 2019 4:02am Jan 9, 2019 4:02am
Quoting Davit
Wonder why liberal lefty feminists never hardly ever criticize barbaric practices of Gulf states on apostasy laws Looks like as long as its in Muslim countries its acceptable since there is hardly any protest. PC culture in the west lost all credibility long ego. " Saudi Arabia, which adheres to some of the world's strictest interpretations of Sunni Islam, has long prevented women from taking on a larger role in society. Male guardians have the power...
Well its quite simple. Its because Saudi is America biggest ally and money cow. Also your president Trump can't take ''strong action'' against SA because of the Khashoggi murder. So its not just leftists.
  • #24,003
  • Jan 9, 2019 12:02pm Jan 9, 2019 12:02pm
Quoting bubincka
{quote} USDCAD seems to be poised to go up. There are to many news and variables on the horizon today on both currencies, so it's difficult to decide. {image}
The fall is too fast for a reversal, i would say, it will continue atleast until 1.30500. Anyway, this looks like a down trend for quite some time. Better wait for safer short entry.
-._.-
  • #24,004
  • Jan 9, 2019 1:41pm Jan 9, 2019 1:41pm
Quoting bubincka
{quote} USDCAD seems to be poised to go up. There are to many news and variables on the horizon today on both currencies, so it's difficult to decide. {image}

don't buy blindly thinking it will reverse, wait for a price action confirmation first to have a higher odds of winning trade.
We're not here to be right, we're here to Profit Consistently!
  • #24,005
  • Jan 9, 2019 6:42pm Jan 9, 2019 6:42pm
It’s all about oil with cad......
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  • #24,006
  • Jan 10, 2019 1:14am Jan 10, 2019 1:14am
Quoting darksize
{quote} The fall is too fast for a reversal, i would say, it will continue atleast until 1.30500. Anyway, this looks like a down trend for quite some time. Better wait for safer short entry.
Quoting ranilo.vince
{quote} don't buy blindly thinking it will reverse, wait for a price action confirmation first to have a higher odds of winning trade.
Exactly what I wanted to say, after yesterday's news PA is still there.
Porta itineris dicitur longissima esse
  • #24,007
  • Jan 10, 2019 7:37am Jan 10, 2019 7:37am
EURUSD waiting for Powell to sell
watching Gold closely too
  • #24,008
  • Jan 10, 2019 9:02am Jan 10, 2019 9:02am
Is there a dashboard that alerts when price hits S61 and R61 areas? thanks
  • #24,009
  • Jan 10, 2019 9:15am Jan 10, 2019 9:15am
Quoting MarkStep
Is there a dashboard that alerts when price hits S61 and R61 areas? thanks
Look at pivot voty on the dash board.
We obey the structure that results from the market's reaction
  • #24,010
  • Edited 10:00am Jan 10, 2019 9:47am | Edited 10:00am
Hi guys
The reason not posting a lot frankly not good set ups and waiting for trades that I have going to close hence don't want to make the same mistakes of over trading which I did last 3 weeks of Dec.
I did add more shorts on EC on spike.

There is some possibly of trades on AJ long but waiting for a dip on this.Should China new trade deal get iron out AUD will get stronger.

Did add more longs on AN

Below old picture of my boys playing piano
they are young adults now
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In trading, you have to be defensive and aggressive at the same time
  • #24,011
  • Jan 10, 2019 9:55am Jan 10, 2019 9:55am
Quoting Davit
Hi guys The reason not posting a lot frankly not good set ups and waiting for trades that I have going to close hence don't want to make the same mistakes of over trading which I did last 3 weeks of Dec. I did add more shorts on EC on spike. There is some possibly of trades on AJ long but waiting for a dip on this.Should China new trade deal get iron out AUD will get stronger. Did add more longs on AN
Yep its be patient and sit on hands time. Only trade the A+ set ups.
  • #24,012
  • Edited 11:44am Jan 10, 2019 11:19am | Edited 11:44am
Quoting langtoni
{quote} Yep its be patient and sit on hands time. Only trade the A+ set ups.
And that's the key. These A+ setups happen all the time. I've found such setups watching for end of week "Late Markups" into extreme levels. In the new week, I watch for them to fail to break above the 38/61 levels "Distribution" and then "Decline".

Prime Example:

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Trade with confidence, trade without fear.
  • #24,013
  • Jan 10, 2019 2:16pm Jan 10, 2019 2:16pm
Quoting Cryptosurf
{quote} And that's the key. These A+ setups happen all the time. I've found such setups watching for end of week "Late Markups" into extreme levels. In the new week, I watch for them to fail to break above the 38/61 levels "Distribution" and then "Decline". Prime Example: {image} {image}
Nice post, thank you.
  • #24,014
  • Jan 10, 2019 6:40pm Jan 10, 2019 6:40pm
Nice +retail on Aussie
0.4%
In trading, you have to be defensive and aggressive at the same time
  • #24,015
  • Jan 10, 2019 7:33pm Jan 10, 2019 7:33pm
One of the most fun games I watched.
Inserted Video

The Greatest Queen Sacrifice in Chess History | Nezhmetdinov vs Chernikov (1962)

from comments
this isn't the greatest queen sacrifice in history. The greatest queen sacrifice in history occurred in year 2007 in the match between me and my neighbor when I gave him the queen for free because I urgently had to go to the toilette.
In trading, you have to be defensive and aggressive at the same time
  • #24,016
  • Jan 10, 2019 11:06pm Jan 10, 2019 11:06pm
Loaded more shorts on EA.
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  • #24,017
  • Jan 11, 2019 12:36am Jan 11, 2019 12:36am
Quoting Egbert
{quote} Look at pivot voty on the dash board.
WHich dashboard my friend? thanks
  • #24,018
  • Jan 11, 2019 1:15am Jan 11, 2019 1:15am
I closed my EA around WS38 for a nice profit.
I know there's room for more downward move but I prefer to avoid the risk of a bounce on support and free some margin.
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Porta itineris dicitur longissima esse
  • #24,019
  • Jan 11, 2019 2:12am Jan 11, 2019 2:12am
Quoting bubincka
I closed my EA around WS38 for a nice profit. I know there's room for more downward move but I prefer to avoid the risk of a bounce on support and free some margin. {image}
Congratulation to nice profit, good job :-)
-._.-
  • #24,020
  • Jan 11, 2019 2:25am Jan 11, 2019 2:25am
Quoting Davit
...There is some possibly of trades on AJ long but waiting for a dip on this.Should China new trade deal get iron out AUD will get stronger. Did add more longs on AN ... {image}
Hi Davit,

me too closely watching AJ because I see potential for upside.
What bothers me, since I'm currently long on AN, for a long period is that whenever AUD is rising, suddenly NZD follows and often performs even better.

I know that these two currencies are strictly connected but with all respect Aussie economy seems to me to be a bigger measure, as you say the key is China/USA trade and being AUD a proxy for China if the developments will be positive will see for sure a rise.

Best regards,
Bubincka
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