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Pivot Trading

  • #26,161
  • Feb 26, 2019 8:09am Feb 26, 2019 8:09am
Quoting denisius
Sold GC
I'm short too on that and long on EG.
After such a move there were chances on all GBP pairs, however I prefer to keep a low risk.
If it had not been for the red news on the dollar I would have shortened GU.
Porta itineris dicitur longissima esse
  • #26,162
  • Feb 26, 2019 8:10am Feb 26, 2019 8:10am
So have I.


Quoting denisius
Sold GC
Ronnie Renko
  • #26,163
  • Feb 26, 2019 8:17am Feb 26, 2019 8:17am
Quoting bubincka
I closed my UJ short. Powell and CB Consumer Confidence are close next, there's always time to reload. {image}
In hindsight, I could close now my UJ short and stay safe before the red news release.
But what is important here is to observe once again the amazing precision of the Fib Weekly Pivots.
Attached Image (click to enlarge)
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Porta itineris dicitur longissima esse
  • #26,164
  • Feb 26, 2019 8:41am Feb 26, 2019 8:41am
EG L progressing. Looking left R/S ... possible double bottom forming.
Brexit clouds on the horizon. The storm is not over, not by a long shot.

EC S. New nibble. Tomorrow is CPI - expected to be greener.
  • #26,165
  • Feb 26, 2019 9:12am Feb 26, 2019 9:12am
GC
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADH1.png Size: 64 KB
  • #26,166
  • Feb 26, 2019 9:13am Feb 26, 2019 9:13am
Powel has speak
Attached Image (click to enlarge)
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  • #26,167
  • Feb 26, 2019 9:15am Feb 26, 2019 9:15am
I think the USD is strong now after the news.
Let's hope the Pivot matches with USD direction.
  • #26,168
  • Feb 26, 2019 9:36am Feb 26, 2019 9:36am
I'm short GC, NC and UC

OPEC breaking news should help CAD recover last days selloff
  • #26,169
  • Feb 26, 2019 9:44am Feb 26, 2019 9:44am
E/C short at the top
Attached Image (click to enlarge)
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  • #26,170
  • Feb 26, 2019 9:50am Feb 26, 2019 9:50am
Quoting samet
ı think euro gbp good opportunity to buy {image}
Also looking for a long, but Sterling still strong there and Powell has just made Euro weaker. Waiting for PA to signal possible reversal
Wait for the system to show you the trade!
  • #26,171
  • Feb 26, 2019 9:52am Feb 26, 2019 9:52am
As Davit says when EUR/USD hits resistance, fastest move is on EUR/CAD. Unfortunately only one position. I'm overloaded on AN
Attached Image (click to enlarge)
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  • #26,172
  • Feb 26, 2019 9:55am Feb 26, 2019 9:55am
Expecting NZD trade balance:
Attached Image (click to enlarge)
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  • #26,173
  • Feb 26, 2019 10:01am Feb 26, 2019 10:01am
Quoting fibo38
GC {image}
Hi fibo38,

in such a volatile market maybe is better your choice to close trades at a reasonable profit, otherwise now that GBP is rallying strong again you look at your profits to evaporate and you're left with DD to manage.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM15.png Size: 52 KB
Porta itineris dicitur longissima esse
  • #26,174
  • Feb 26, 2019 10:07am Feb 26, 2019 10:07am
Quoting TamRoofer
I'm short GC, NC and UC OPEC breaking news should help CAD recover last days selloff
Good Job on UC i missed my entry but i got CJ..... I did not trade GC coz Pound very strong now. But will be watching those levels too
Wait for the system to show you the trade!
  • #26,175
  • Feb 26, 2019 10:13am Feb 26, 2019 10:13am
Quoting bubincka
{quote} Hi fibo38, in such a volatile market maybe is better your choice to close trades at a reasonable profit, otherwise now that GBP is rallying strong again you look at your profits to evaporate and you're left with DD to manage. {image}
I'm also in this pair, and I don't like it... is too volatile and GBP is in wild mode... huge DD is coming, maybe better to close at BE or for a small loss
Trade What's Happening... Not What You Think Is Gonna Happen
  • #26,176
  • Feb 26, 2019 10:14am Feb 26, 2019 10:14am
Quoting bubincka
{quote} Hi fibo38, in such a volatile market maybe is better your choice to close trades at a reasonable profit, otherwise now that GBP is rallying strong again you look at your profits to evaporate and you're left with DD to manage. {image}
Hie Bubincka. if you look at the PA you see signs of strength in Pound even when it hit R100. Very strong that i will only buy the pullbacks
Wait for the system to show you the trade!
  • #26,177
  • Feb 26, 2019 10:14am Feb 26, 2019 10:14am
Quoting bubincka
{quote} Hi fibo38, in such a volatile market maybe is better your choice to close trades at a reasonable profit, otherwise now that GBP is rallying strong again you look at your profits to evaporate and you're left with DD to manage. {image}
no worries imo, look left on the daily chart

GBP bulls might want to snap Stops at R161 and then this will fall hard! only a possibility obviously so watch your exposure and protect capital
  • #26,178
  • Feb 26, 2019 10:17am Feb 26, 2019 10:17am
Quoting MrDevisen
{quote} Hie Bubincka. if you look at the PA you see signs of strength in Pound even when it hit R100. Very strong that i will only buy the pullbacks
according to this system, if I'm right, you NEVER go long past R61 levels!
  • #26,179
  • Feb 26, 2019 10:21am Feb 26, 2019 10:21am
Nice retrace will be at 50 fib @1.3400 around
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 47 KB
Trade What's Happening... Not What You Think Is Gonna Happen
  • #26,180
  • Edited 10:38am Feb 26, 2019 10:27am | Edited 10:38am
Quoting TamRoofer
{quote} according to this system, if I'm right, you NEVER go long past R61 levels!
yes you are right and notice that i said pullbacks. Meaning i wait for price to come down to S61 and i look at the PA and then go long. That is what i meant.

EDIT....
You cannot just click buy or sell because price is at R16 or S61...No you cant do that at all. As an example look at EG now or GC. I learnt in this thread that it is important to study the PA at the trigger levels and yes you wont get them all but atleast you will be consistent. DD can be messy.
Wait for the system to show you the trade!
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