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Pivot Trading

  • #28,341
  • Apr 7, 2019 7:01pm Apr 7, 2019 7:01pm
In anticipation of AN correction took partial TP
Will reload lower end
I think its "time" this drops a little
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In trading, you have to be defensive and aggressive at the same time
  • #28,342
  • Apr 7, 2019 7:25pm Apr 7, 2019 7:25pm
Perhaps a clue for a dovish move from Fed, but usually they don't listen to Trump. So not sure yet.
https://www.bloomberg.com/news/artic...t?srnd=premium
I will do my best!
  • #28,343
  • Apr 7, 2019 7:45pm Apr 7, 2019 7:45pm
Quoting FXShoujo
Perhaps a clue for a dovish move from Fed, but usually they don't listen to Trump. So not sure yet. https://www.bloomberg.com/news/artic...t?srnd=premium
Feds don't go hike hike hike hike hike then cut for no reason.There must me data reasons to cut.Example unemployment increase slowing economy etc.So far both fronts no real concern.
Feds may posture dovish because of obvious strength of USD.USD must be lowered to rejuvenate the stocks and treasury bills

Rate cut will significantly boaster Trumps reelection and that's his game plan.Doubt that happens before elections.
In trading, you have to be defensive and aggressive at the same time
  • #28,344
  • Apr 7, 2019 7:50pm Apr 7, 2019 7:50pm
UJ showing nice baby steps to south.
In trading, you have to be defensive and aggressive at the same time
  • #28,345
  • Apr 7, 2019 7:51pm Apr 7, 2019 7:51pm
Quoting Davit
{quote} Feds don't go hike hike hike hike hike then cut for no reason.There must me data reasons to cut.Example unemployment increase slowing economy etc.So far both fronts no real concern. Feds may posture dovish because of obvious strength of USD.USD must be lowered to rejuvenate the stocks and treasury bills Rate cut will significantly boaster Trumps reelection and that's his game plan.Doubt that happens before elections.
I see, thank you Davit.
I will do my best!
  • #28,346
  • Apr 7, 2019 8:21pm Apr 7, 2019 8:21pm
I told you guys I was selling dollar! those few trades I carryover from last week got me a bit nervous. I overloaded them. Honestly. But it gave me a great boost and I recovered all loses and get a little profit. It was risky. UJ could continue run up to 100 pivots. CJ could have stuck in that stupid range. Only 1 AJ that really was good trade and I was confident in that. I closed week positive. Consider that today is Sunday . Now let’s get ready for a E and U roller coasters!
  • #28,347
  • Apr 7, 2019 8:28pm Apr 7, 2019 8:28pm
Quoting denisius
I told you guys I was selling dollar! those few trades I carryover from last week got me a bit nervous. I overloaded them. Honestly. But it gave me a great boost and I recovered all loses and get a little profit. It was risky. UJ could continue run up to 100 pivots. CJ could have stuck in that stupid range. Only 1 AJ that really was good trade and I was confident in that. I closed week positive. Consider that today is Sunday . Now let’s get ready for a E and U roller coasters!
Glad you are managing your trades! Its a marathon not a sprint
In trading, you have to be defensive and aggressive at the same time
  • #28,348
  • Apr 7, 2019 8:54pm Apr 7, 2019 8:54pm
Quoting Davit
{quote} Glad you are managing your trades! Its a marathon not a sprint
Thanks a lot brother. I am trying to cut down amount of trades but increasing orders. But my selection of the trades not always good. A have a lot of work to do on my Trading. First phase is complete, I finally got the good entries. Now working on my exits. Which is 50% premature. I am reading back thread over and over again and every time I find something I have missed. Somehow I can’t grasp “ the natural stop of the trend “ . Work in progress brother.
  • #28,349
  • Apr 7, 2019 8:54pm Apr 7, 2019 8:54pm
Shorted GC at WP with spike up as anticipated (by Davit) last week.
  • #28,350
  • Apr 7, 2019 8:59pm Apr 7, 2019 8:59pm
Watching EN, it’s dancing around 78 Pivot and have several rejections from it. Might go to correction before Euro news. I think E will spike up. According to EU it’s in the same range on daily again. Easily can pull back up at least half way!
  • #28,351
  • Apr 7, 2019 9:06pm Apr 7, 2019 9:06pm
Quoting denisius
Watching EN, it’s dancing around 78 Pivot and have several rejections from it. Might go to correction before Euro news. I think E will spike up. According to EU it’s in the same range on daily again. Easily can pull back up at least half way!
I think you may be wrong on pivot level on EN
Maybe 38R? my chart is basically spot on
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In trading, you have to be defensive and aggressive at the same time
  • #28,352
  • Apr 7, 2019 9:12pm Apr 7, 2019 9:12pm
Quoting denisius
Watching EN, it’s dancing around 78 Pivot and have several rejections from it. Might go to correction before Euro news. I think E will spike up. According to EU it’s in the same range on daily again. Easily can pull back up at least half way!


Hi mate,

You said that EN is dancing around 78 WR but on my chart it's touched the 38WR. I think your pivots might not have updated from last week.

Cheers,
Nigel
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  • #28,353
  • Apr 7, 2019 9:44pm Apr 7, 2019 9:44pm
Another thing to keep in mind that all E pairs most likely will stay bullish until ECB weds
Why everyone must do the calendar so you have an intuitive roadmap for the week
Context very important.That's why I would not even consider shorting any Euro pair until then. MM most likely will push Euro pairs specially crosses up then dump just prior or after ECB
In trading, you have to be defensive and aggressive at the same time
  • #28,354
  • Apr 7, 2019 10:18pm Apr 7, 2019 10:18pm
Love to see EC reach 61R 5080-90
One of my favorites pairs to short with +swap
Dont buy EC now let the MM do the heavy lifting-negetive swap
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In trading, you have to be defensive and aggressive at the same time
  • #28,355
  • Apr 7, 2019 11:13pm Apr 7, 2019 11:13pm
Here is a little swap rate table I whipped up to let you check quickly.

Cheers,
Nigel

Attached Image
  • #28,356
  • Apr 8, 2019 1:38am Apr 8, 2019 1:38am
EU Brexit Summit will be held on April 10 (the same day as the Monetary Policy Statement). Wouldn't it be too dangerous to trade the E pairs before the Brexit Summit? Or perhaps it won't do any effect?
https://www.theguardian.com/politics...t-at-eu-summit
I will do my best!
  • #28,357
  • Apr 8, 2019 1:49am Apr 8, 2019 1:49am
Quoting russian30
Barring the mess up on WTI, I think I made some OK trades with hardly any drawdown. Still holding UJ and CJ into next week. {image} Have a good weekend all.
Hi
Could you provide the mq4 of this board of trading results ?
Thx
Attached Image
  • #28,358
  • Apr 8, 2019 2:57am Apr 8, 2019 2:57am
Quoting zoraxfx
{quote} Hi Could you provide the mq4 of this board of trading results ? Thx {image}
https://www.forexfactory.com/showthr...6#post12126246
  • #28,359
  • Apr 8, 2019 3:48am Apr 8, 2019 3:48am
Quoting FXShoujo
EU Brexit Summit will be held on April 10 (the same day as the Monetary Policy Statement). Wouldn't it be too dangerous to trade the E pairs before the Brexit Summit? Or perhaps it won't do any effect? https://www.theguardian.com/politics...t-at-eu-summit
This thread is more about technicals with some reference in fundamentals. If pairs fits rules and some fundamentals guide you to confirm that movement then you don't need worry much about news. But is right avoid some pairs if you dont see clear political moment...
Try don't lose pants never...
  • #28,360
  • Apr 8, 2019 3:49am Apr 8, 2019 3:49am
UJ starting to move a little now. Also had longs on UC. This might appear contradicting to UJ shorts but there was a strong setup on UC last week. Also traded AJ. Trades are doing good and positive.

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Patience and Discipline, these are the Holy Grail.
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