Attachments: Pivot Trading Journal

Pivot Trading Journal

#21
Mar 31, 2019 11:59am Mar 31, 2019 11:59am

JoeeF
Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts

OK. Now I've got basic framework from which I can start.

And you will leave pain to take care of itself.

#22
Mar 31, 2019 12:37pm Mar 31, 2019 12:37pm

Merka
Joined Jan 2016 | Status: Trader | 2,062 Posts

Hi Joe
Are the previous posts some abstract from Davit thread or your own thoughts?
Nice work
Cheers

#23
Mar 31, 2019 1:28pm Mar 31, 2019 1:28pm

JoeeF
Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts

Quoting Merka

Disliked

Hi Joe Are the previous posts some abstract from Davit thread or your own thoughts? Nice work Cheers

Ignored

It's my own review from Davit's thread.
regards

And you will leave pain to take care of itself.

#24
Edited 2:10pm Mar 31, 2019 1:59pm | Edited 2:10pm

JoeeF
Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts

Basic calendar overview for this week.
USD,CAD and AUD

RBA Rate Statement
The Reserve Bank of Australia made a major shift in policy in February by signalling that a rate cut was just as likely as a rate hike, abandoning its long-held tightening bias. However, investors have gone a step further and are pricing a 25-basis point reduction in the cash rate by August. With recent economic data suggesting the RBA’s recently downgraded growth forecasts are already looking overoptimistic, the RBA will have a hard time maintaining its current neutral stance and could be tempted to join its New Zealand counterpart in making another dovish turn. The Bank is due to announce its latest policy decision on Tuesday at 03:30 GMT.

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And you will leave pain to take care of itself.

#25
Apr 1, 2019 12:11am Apr 1, 2019 12:11am

JoeeF
Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts

Today's calendar.

Davit's comment:
Watch UJ
not far from 61 and US data is expected to be red until Friday.NFP is expected to be green since previous number was decimal 20k and expectation is lot higher however bigger context is important.Consumer confidence,manufacturing have been getting red hence USD may still decline considering lot of majors are at their bottom supports.
Be mindful NFP is Friday hence if you short early you'll be paying expensive swap until Friday. I think Friday when this may break south again or it can earlier but be mindful when you do what you do..Be aware of timing why part of reason doing the calendar developing intuitive timing!

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And you will leave pain to take care of itself.

#26
Apr 1, 2019 10:08pm Apr 1, 2019 10:08pm

JoeeF
Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts

Rate Statement in 20 minutes ...

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And you will leave pain to take care of itself.

#27
Apr 2, 2019 2:19am Apr 2, 2019 2:19am

JoeeF
Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts

Crude oil at R78

USDCAD - S61
EURCAD - S61
CADJPY - R78
AUDCAD - S78
NZDCAD - S61

On Friday - Employment Change and Unemployment Rate

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And you will leave pain to take care of itself.

#28
Apr 2, 2019 4:46am Apr 2, 2019 4:46am

JoeeF
Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts

Quoting JoeeF

Disliked

Crude oil at R78 USDCAD - S61 EURCAD - S61 CADJPY - R78 AUDCAD - S78 NZDCAD - S61 On Friday - Employment Change and Unemployment Rate {image} {image} {image} {image} {image} {image} {image}

Ignored

Crude oil is still crawling up.

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And you will leave pain to take care of itself.

#29
Apr 2, 2019 7:49am Apr 2, 2019 7:49am

JoeeF
Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts

Quoting JoeeF

Disliked

{quote} Crude oil is still crawling up. {image}

Ignored

R78 - R100
Should I sell oil?

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And you will leave pain to take care of itself.

#30
Apr 2, 2019 8:26am Apr 2, 2019 8:26am

Merka
Joined Jan 2016 | Status: Trader | 2,062 Posts

Quoting JoeeF

Disliked

{quote} R78 - R100 Should I sell oil? {image}

Ignored

Not necessarily.
I've seen several times these pivots failing even 161.8.
To me they are just area of interest but to enter a trade it's necessary to have something else to trigger the trade.
Cheers

#31
Apr 2, 2019 8:54am Apr 2, 2019 8:54am

JoeeF
Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts

Quoting Merka

Disliked

{quote} Not necessarily. I've seen several times these pivots failing even 161.8. To me they are just area of interest but to enter a trade it's necessary to have something else to trigger the trade. Cheers

Ignored

It was only hypothetical question. I don't trade crude oil.
Yes it's probability game. R100 pivot zone is point of interest. PA is trigger.

And you will leave pain to take care of itself.

#32
Apr 2, 2019 11:43am Apr 2, 2019 11:43am

JoeeF
Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts

Quoting JoeeF

Disliked

Crude oil at R78 USDCAD - S61 EURCAD - S61 CADJPY - R78 AUDCAD - S78 NZDCAD - S61 On Friday - Employment Change and Unemployment Rate {image} {image} {image} {image} {image} {image} {image}

Ignored

USDCAD and EURCAD wouldn't be bad trades. I didn't take them.

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And you will leave pain to take care of itself.

#33
Apr 2, 2019 11:50am Apr 2, 2019 11:50am

JoeeF
Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts

AUDCAD
Davit has taken this long.

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And you will leave pain to take care of itself.

#34
Apr 2, 2019 1:38pm Apr 2, 2019 1:38pm

JoeeF
Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts

EURCAD short ...

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And you will leave pain to take care of itself.

#35
Apr 2, 2019 11:43pm Apr 2, 2019 11:43pm

JoeeF
Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts

Quoting JoeeF

Disliked

EURCAD short ... {image} {image} {image}

Ignored

Today's calendar.

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And you will leave pain to take care of itself.

#36
Apr 2, 2019 11:48pm Apr 2, 2019 11:48pm

JoeeF
Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts

Davit:
Here is the reality of trading some days even weeks shit happens then its start rolling. USD has compressed everything and basically forced stale mate until Friday. This is a real challenge for Full Time traders when you got bills etc.Why you almost must hammer it hard when its going your way because there are days like these where shit happens and you had to compensate for that.

And you will leave pain to take care of itself.