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Pivot Trading

  • #25,941
  • Feb 22, 2019 7:42am Feb 22, 2019 7:42am
Quoting pgr45za
Better than expected retail sales C
Worst Than expected my friend
  • #25,942
  • Feb 22, 2019 7:47am Feb 22, 2019 7:47am
Quoting Davit
{quote} keeping my AC longs
you are keeping AC longs week CaD data and AUD corrections Am i Correct?
  • #25,943
  • Feb 22, 2019 7:48am Feb 22, 2019 7:48am
Quoting darshanaint
{quote} you are keeping AC longs week CaD data and AUD corrections Am i Correct?
A is due for a bigger bounce. US/China will reach some sort of deal soon.
  • #25,944
  • Feb 22, 2019 7:49am Feb 22, 2019 7:49am
Quoting darshanaint
{quote} you are keeping AC longs week CaD data and AUD corrections Am i Correct?
Yes I need 9450 to clear early entries before that bank manipulation drop.That was unexpected.
Shows that you can recover.I can close all and be in profit now but do think I have real shot maybe next week 9450+
Don't mind holding.Fees if any will be minimum on this
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADM30.png Size: 48 KB
In trading, you have to be defensive and aggressive at the same time
  • #25,945
  • Feb 22, 2019 7:49am Feb 22, 2019 7:49am
If only I'd shorted that :x
  • #25,946
  • Feb 22, 2019 7:56am Feb 22, 2019 7:56am
Keep an eye on EURAUD ... for me it woud be 0.10% gain of balance.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD-H1.JPG Size: 99 KB
Discipline and winning attitude
  • #25,947
  • Feb 22, 2019 7:57am Feb 22, 2019 7:57am
Quoting Davit
{quote} depends on OIL and Retail sales Crude is looking Topsy
I have been following the EIA report for some time. I am a retail trader and this is my basic understanding.
Please see overall flow sheet below and updated charts on the latest EIA report.

My own fundamental analysis is

Domestic production at an all time high.
Domestic production will probably stay high at these prices.

Gasoline and Distillate stocks are high.
Refinery input is reduced and will probably stay low until Gasoline and Distillate Stocks reduce.

Net imports ranging , slightly down.

CONCLUSION.
Crude Inventories will probably rise more.
Price close to top

I have been following Davit for a long time and I would like to contribute if I can.

Thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Summary Flowsheet.jpg Size: 31 KB
Click to Enlarge Name: Domestic Crude Production.jpg Size: 35 KB
Click to Enlarge Name: Net Crude Imports.jpg Size: 51 KB
Click to Enlarge Name: Refinery Input.jpg Size: 41 KB
Click to Enlarge Name: Crude Stocks.jpg Size: 39 KB
Click to Enlarge Name: Distillate Stocks.jpg Size: 37 KB
Click to Enlarge Name: Gasoline Stocks.jpg Size: 33 KB
  • #25,948
  • Feb 22, 2019 8:01am Feb 22, 2019 8:01am
Quoting Mct63
{quote} I have been following the EIA report for some time. I am a retail trader and this is my basic understanding. Please see overall flow sheet below and updated charts on the latest EIA report. My own fundamental analysis is Domestic production at an all time high. Domestic production will probably stay high at these prices. Gasoline and Distillate stocks are high. Refinery input is reduced and will probably stay low until Gasoline and Distillate Stocks reduce. Net imports ranging , slightly down. CONCLUSION. Crude Inventories will probably...
As per reinstated back in the year of 2016, Davit once stated that crude oil was traded based on the currency of dollar $. If dollar is gaining strength, you know the equivalent of what's going to happen to crude oil. And, oil has a correlation to USD/CAD pairs as well.
  • #25,949
  • Feb 22, 2019 8:02am Feb 22, 2019 8:02am
AUDJPY... I think I will keep it open until next week with relevant news coming on Thursday.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY-H1.JPG Size: 97 KB
Discipline and winning attitude
  • #25,950
  • Feb 22, 2019 8:04am Feb 22, 2019 8:04am
for the newbies to understand it better ... business as usual
https://www.investopedia.com/article...dollar-cad.asp
Take what you can, give nothing back
  • #25,951
  • Feb 22, 2019 8:09am Feb 22, 2019 8:09am
Quoting Davit
{quote} Yes I need 9450 to clear early entries before that bank manipulation drop.That was unexpected. Shows that you can recover.I can close all and be in profit now but do think I have real shot maybe next week 9450+ Don't mind holding.Fees if any will be minimum on this {image}

to avoid the oanda FIFO rule, you may consider to set the TP for all orders with a price below 0.94075 to +10 pips ( around 0.9417).
then those positive orders will be closed without problem with the FIFO rule.
  • #25,952
  • Feb 22, 2019 8:11am Feb 22, 2019 8:11am
Quoting ppxdf
{quote} to avoid the oanda FIFO rule, you may consider to set the TP for all orders with a price below 0.945 to +10 pips ( around 0.9417). then those positive orders will be closed without problem with the FIFO rule.
have done this before thank you but in this case I prefer keeping everything live and still active
In trading, you have to be defensive and aggressive at the same time
  • #25,953
  • Feb 22, 2019 8:14am Feb 22, 2019 8:14am
Euro bulls fighting tooth and nail for 59 on EA
losing battle IMO soon they need to take TP its friday
In trading, you have to be defensive and aggressive at the same time
  • #25,954
  • Feb 22, 2019 8:26am Feb 22, 2019 8:26am
Quoting Husky77
for the newbies to understand it better ... business as usual https://www.investopedia.com/article...dollar-cad.asp
I understand this. Maybe I was unclear in the post, I was referring to the price of oil. The main observation is that oil inventories are very high and look to stay high and may go higher. High inventories usually top out the price of oil but there are other variables as other have mentioned such as Usd etc.
  • #25,955
  • Feb 22, 2019 8:40am Feb 22, 2019 8:40am
EA 59
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #25,956
  • Feb 22, 2019 8:48am Feb 22, 2019 8:48am
This one even funnier 59
https://media1.tenor.com/images/b9a4...itemid=5624909
In trading, you have to be defensive and aggressive at the same time
  • #25,957
  • Feb 22, 2019 8:49am Feb 22, 2019 8:49am
Quoting Davit
{quote} looks like you were in DD on GJ long time and serious one at that. Why don't you take my advise and not trade GJ?
I have a bit of DD but bearable. I knew it would go down ,. Patience is the key to success.
I'll listen to you. I will not trade this pair anymore.Thank you
  • #25,958
  • Feb 22, 2019 8:51am Feb 22, 2019 8:51am
Quoting Davit
EA 59 {image}
This reminds me of EURCAD last week
  • #25,959
  • Feb 22, 2019 8:54am Feb 22, 2019 8:54am
Draghi will move it down.Good old draggy Dovy Italian
In trading, you have to be defensive and aggressive at the same time
  • #25,960
  • Feb 22, 2019 9:01am Feb 22, 2019 9:01am
Closed EA just in case Draghi pulls a rabbit trick
+2011
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM30.png Size: 44 KB
In trading, you have to be defensive and aggressive at the same time
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