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  • #30,521
  • May 17, 2019 4:44am May 17, 2019 4:44am
still holding
GBPCHF, GBPJPY, GBPUSD, EURGBP
made some gains
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  • #30,522
  • May 17, 2019 9:57am May 17, 2019 9:57am
Nice recovery on JPY pairs. I anticipate continuation next week because we are really at the bottom and in need of some sort of correction.
  • #30,523
  • May 17, 2019 10:09am May 17, 2019 10:09am
Quoting 1pipperhour
Nice recovery on JPY pairs. I anticipate continuation next week because we are really at the bottom and in need of some sort of correction.
i hope so mate...
  • #30,524
  • Edited 10:47am May 17, 2019 10:37am | Edited 10:47am
Quoting ppxdf
I am happy to be part of the best thread of FF. I had an Excellent week, despite I took a loss to keep my risk management within the tolerable, cutting loss when my floating reached 10% of my capital. So, I closed a trade in loss of u$ 538.12 . Still, my profit has been consistent and above the average of the past 14 weeks. Profit in May . (05/01 to 05/10 Gain: 4.72% -- us$ 1,158.23) AVERAGE 14 weeks . (us$ 9,132.58 / 14 weeks -- us$ 652.00) Thanks God, Thank you Davit, and also thanks to you that, in some way, also contributes to the consistency...
I am happy to be part of the best thread of FF.
this week I was below my expectations. However by the fact that I have already reached 50% of my monthly average, then I opted for risk aversion not adding new trades. My floating trades are still high and I should keep the same idea next week.
Profit in May (1/2 month) . (05/01 to 05/17 Gain: 5.85% -- us$ 1,455.88)
AVERAGE 15 weeks . (us$ 9,430.23 / 15 weeks -- us$ 628.00)

Thanks God, Thank you Davit, and also thanks to you that, in some way, also contributes to the consistency of this thread . !!!!
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  • #30,525
  • May 17, 2019 11:20am May 17, 2019 11:20am
Hiya Fellow Traders/Pivoters,

Been away for awhile was dealing with few health issues. I am Back in the saddle. The best thread on FF indeed!

Sincerely,
Opayq
Plan your trade and Trade your plan.
  • #30,526
  • May 17, 2019 11:57am May 17, 2019 11:57am
Quoting Opayq
Hiya Fellow Traders/Pivoters, Been away for awhile was dealing with few health issues. I am Back in the saddle. The best thread on FF indeed! Sincerely, Opayq
Welcome back
  • #30,527
  • May 17, 2019 12:27pm May 17, 2019 12:27pm
With oil soaring, and Cad in strong resistance area I took this trade based on my pivot levels R3 being touched......taken on my Ipad while awaiting boarding a ship to Alaska. Sorry Davit this is not your template but it is you I thank for the method. This trade alone will help pay my passage..
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  • #30,528
  • May 17, 2019 12:28pm May 17, 2019 12:28pm
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  • #30,529
  • Edited 10:32pm May 17, 2019 12:55pm | Edited 10:32pm
Identify!!!

I have attached couple of charts as an example from my "weekly trade plan / Fundamentals".
Have a great weekend everyone.

Cheers

LOCATION = Pivots
LOGIC = PiPS
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Plan your trade and Trade your plan.
  • #30,530
  • May 17, 2019 1:28pm May 17, 2019 1:28pm
Quoting Swede
With oil soaring, and Cad in strong resistance area I took this trade based on my pivot levels R3 being touched......taken on my Ipad while awaiting boarding a ship to Alaska. Sorry Davit this is not your template but it is you I thank for the method. This trade alone will help pay my passage.. {image}
Going on an Alaskan cruise? I'll go down to Stephenson Point and wave at you as you go by. What time does your ship leave?
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #30,531
  • Edited 4:26pm May 17, 2019 1:48pm | Edited 4:26pm
This is not on the trade pair list, however it is one I've been successful with USD NOK. What I like about it is basically it's a USD OIL trade. The Norwegian economy is heavily reliant on oil and gas. Their economy is stable, their credit ratings are AAA, and they are not in the EU. https://en.wikipedia.org/wiki/Economy_of_Norway There are very few news calendar events on Norway. I find it responds to Harmonics and Pivots very well. This is the platform I trade on, I have the zig zag indicator turned on, as you can see it forms a number of W and M patterns, these are useful if you want to manually measure and train your eyes to find harmonic patterns that correspond with pivot levels. First trade entered, I will be scaling in if things go well. ( USD calendar Powell speaking on Monday) When I enter a trade on this one I usually enter a 1000 pip stop and limit and adjust accordingly. On Standard pivot points it is currently just above the MR1 pivot the arrow is pointing at the red line just above the Davit pivot weekly central pivot point.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #30,532
  • May 19, 2019 3:27am May 19, 2019 3:27am
I expect the Aussie dollar to rebound now that ScoMo has been re-elected. No doubt the Kiwi dollar will slowly follow in its footsteps.

The polls in Australia have been predicting the Labor Party to win for the last three years, instead the Liberal/National coalation will continue to govern.

When Labour won the election in NZ two years ago, there was a big drop in the Kiwi dollar and business confidence dropped significantly and never recovered.

I believe this 'bad news' was already baked in the Aussie dollar from which I now expect it to recover, despite uncertainty over the trade war between China and the USA. This trade war will be with us for a long time as I mentioned in an earlier post.
  • #30,533
  • May 19, 2019 3:56am May 19, 2019 3:56am
Quoting ikdenk
I expect the Aussie dollar to rebound now that ScoMo has been re-elected. No doubt the Kiwi dollar will slowly follow in its footsteps. The polls in Australia have been predicting the Labor Party to win for the last three years, instead the Liberal/National coalation will continue to govern. When Labour won the election in NZ two years ago, there was a big drop in the Kiwi dollar and business confidence dropped significantly and never recovered. I believe this 'bad news' was already baked in the Aussie dollar from which I now expect it to recover,...
Hi guys
To add to your post China is showing restrain and advising US same.There is prospect of Trade war solution.
The Pink elephant in the room is Rate decision on June 4th by RBA.My opinion is rate will stay the same considering AUD is already dangerously too low and New PM Scott Morrison may change the sentiment for positive.
In Forex nothing goes straight down endlessly.
April has not been good for me.I accept it and move on.Its a marathon. My style of trading and my positive attitude has not been altered.
In trading, you have to be defensive and aggressive at the same time
  • #30,534
  • May 19, 2019 5:16am May 19, 2019 5:16am
Quoting Davit
{quote} Hi guys To add to your post China is showing restrain and advising US same.There is prospect of Trade war solution. The Pink elephant in the room is Rate decision on June 4th by RBA.My opinion is rate will stay the same considering AUD is already dangerously too low and New PM Scott Morrison may change the sentiment for positive. In Forex nothing goes straight down endlessly. April has not been good for me.I accept it and move on.Its a marathon. My style of trading and my positive attitude has not been altered.
need to have a solution..Usa playing your game and china too.
  • #30,535
  • May 19, 2019 8:34am May 19, 2019 8:34am
Points that I am Considering Next Week. ( EDT TIME )
We have: Brexit , FOMC minutes, US durable goods orders

Mon May 20

12:30 GBP MPC Member Broadbent Speaks
Scalping
13:05 USD FOMC Member Clarida Speaks
Scalping

19:00 USD Fed Chair Powell Speaks
Scalping
21:30 AUD Monetary Policy Meeting Minutes
Scalping

Tue May 21

4:30 GBP Inflation Report Hearings
Scalping
10:45 USD FOMC Member Evans Speaks
Scalping
12:00 USD FOMC Member Rosengren Speaks
Scalping
18:45 NZD Retail Sales q/q.......................PESSIMISM 0.6% 1.7%
NZD Core Retail Sales q/q........................PESSIMISM 0.9% 2.0%
Edit

21:30 AUD Construction Work Done q/q..OPTIMISM 0.1% -3.1%
Scalping
22:15 AUD RBA Gov Lowe Speaks
Scalping

Wed May 22

4:30 GBP CPI y/y.................................. OPTIMISM 2.2% 1.9%
GBP PPI Input m/m.............................. OPTIMISM 1.1% -0.2%
GBP Public Sector Net Borrowing........ OPTIMISM 5.2B 0.8B
GBP RPI y/y.......................................... OPTMISM 2.8% 2.4%
UK inflation: Wednesday, 4:30. Consumer price action has moderated in recent months, with headline inflation dropping to 1.9% year over year. Core CPI stood at similar levels in March, at 1.8%. Any rise in inflation will increase the chances of a rate hike by the BOE, assuming Brexit is resolved, which is a big if.
8:30 CAD Core Retail Sales m/m......................OPTIMISM 0.8% 0.6%
CAD Retail Sales m/m.......................................NEUTRAL 0.8% 0.8%
Edit

14:00 USD FOMC Meeting Minutes
FOMC meeting minutes: The Federal Reserve left its interest rates unchanged in May and did not hint it is set to cut interest rates, contrary to investors’ expectations. Fed Chair Jerome Powell insisted that the factors behind low inflation are temporary and highlighted the upbeat economic indicators. Since then, both the jobs report and the inflation report were more than OK. While the minutes document a meeting that was held before the trade war flared up, it is important to note that it is redacted until the very last moment and is designed for markets’ consumption. The minutes may be somewhat more dovish than Powell’s comments, providing some solace to markets. We may see that some members of the all-powerful central bank wanted to cut interest rates this year.

Thu May 23

3:15 EUR French Flash Services PMI..........................................OPT/PESS?? 50.7 50.5
EUR French Flash Manufacturing PMI........................................ OPT/PESS?? 50.1 50.0
3:30 EUR German Flash Manufacturing PMI.............................. OPT/PESS?? 44.9 44.4
EUR German Flash Services PMI............................................... OPT/PESS?? 55.2 55.7
4:00 EUR Flash Manufacturing PMI............................................ OPT/PESS?? 48.2 47.9
EUR Flash Services PMI..............................................................OPT/PESS?? 53.0 52.8
EUR German Ifo Business Climate............................................. NEUTRAL 99.2 99.2
Euro-zone PMIs: Thursday morning: France at 3:15, Germany at 4:30, and the euro-zone at 4:00. Markit’s forward-looking surveys are well-correlated with actual growth figures and are closely watched by markets. The most significant indicator is Germany’s manufacturing purchasing managers’ index. The score stood at 44.4 points in May, showing that the locomotive of the euro-zone is contracting quite substantially. Any score below 50 represents contraction. The services sector is doing better, and not only in the continent’s largest economy but at 52.8 points, the currency bloc is only experiencing meager growth. Markets will want to see improvements now.

Day 1 EUR European Parliamentary Elections
7:30 EUR ECB Monetary Policy Meeting Accounts
ECB meeting minutes: The European Central Bank left its policy unchanged but reiterated that risks are moving to the downside. While some economic indicators have been improving, uncertainty remains high in light of the US-Chinese trade war, Brexit, and other factors. The document will likely repeat a cautious outlook.
European elections: Thursday-Sunday. Citizens of the 28 member states, including the UK, will vote in a new European parliament. The body, based in Brussels and in Strasbourg, has limited clout over European matters, but its voice and its composition are important. Anti-immigration, euroskeptic parties are expected to make considerable gains after five turbulent years that saw an immigration crisis, Brexit, the rise of Donald Trump, rising employment, but high uncertainty about the future. A substantial gain for radical parties may weigh on the euro. A special focus will be given to the vote in the UK. If the ruling Conservative Party comes out with a poor outcome, the pressure on PM Theresa May to resign will likely mount. An unimpressive result for the opposition Labour will also increase the internal divide. The vote may prove a turning point in the never-ending Brexit process.

Fri May 24

4:30 GBP Retail Sales m/m 1.1%
UK retail sales: UK shoppers were out and about in March and the volume of sales increased by a whopping 1.1%. The data for April may be different, as Easter came later. We may see another volatile outcome. In any case, the focus will soon turn back to Brexit.

Day 2 EUR European Parliamentary Elections
8:30 USD Core Durable Goods Orders m/m 0.4%
USD Durable Goods Orders m/m 2.7%
Tentative USD Treasury Currency Report
US durable goods orders: Investment has been lagging in comparison to other parts of the US economy. The data for April, released now, will provide a better insight into GDP growth in the second quarter of the year. Headline orders rose by 2.7% in March but core ones advanced by only 0.4%. The focus remains on core figures due to the high volatility of the headline data, heavily influenced by aircraft sales.
  • #30,536
  • May 19, 2019 10:44am May 19, 2019 10:44am
Next Week!
I have advised Davit that I will not post My Calendar this week.
However, two Links of Note!
http://www.bkassetmanagement.com/fea...d-gbp-go_13150
https://www.investing.com/news/econo...s-week-1872601
  • #30,537
  • May 19, 2019 1:45pm May 19, 2019 1:45pm
Sorry guys not related to trading but read this story and hit me hard.This beautiful young man was killed because of simply being Jewish and he looks like my son...
There are too many sick brainwashed people out there.
https://oc-media.org/key-witness-tes...he-was-jewish/
Key witness testifies that Safarov was killed because he was Jewish

below my son.
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In trading, you have to be defensive and aggressive at the same time
  • #30,538
  • Edited 5:17pm May 19, 2019 2:04pm | Edited 5:17pm
Всем привет .
Возможная область сопротивления плюс уровни разворота.
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You're the only author of everything that's happening to You !
  • #30,539
  • May 19, 2019 2:46pm May 19, 2019 2:46pm
AUD looks to be a decent size gap up on the open.

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Trade with confidence, trade without fear.
  • #30,540
  • May 19, 2019 5:29pm May 19, 2019 5:29pm
How cool is this.Grand Master playing live chess with listening techno and playing and analyzing moves same time!
This guy is GM guys!
https://www.twitch.tv/chessbrah

https://en.wikipedia.org/wiki/Eric_Hansen_(chess_player)
Canadian GM 2600 rated player FIDE
My son is 2100 got lazy otherwise has real talent to become GM but got into playing piano

To me Trading is very similar to chess always looking at different things same time to make a trade or move...
In trading, you have to be defensive and aggressive at the same time
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