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Pivot Trading Journal

  • #501
  • Jun 3, 2019 6:20am Jun 3, 2019 6:20am
Quoting PayItForward
Interesting thread, hope you keep it up
Thank you ...
Yes, I will continue.
And you will leave pain to take care of itself.
  • #502
  • Jun 3, 2019 6:30am Jun 3, 2019 6:30am
I'm looking at NU and NC.
NZD is really high.

Holiday - New Zealand - Queen's Birthday today.
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And you will leave pain to take care of itself.
  • #503
  • Jun 3, 2019 6:38am Jun 3, 2019 6:38am
Quoting JoeeF
{quote} UC update ... {image} {image}
S38 is the first target ...
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And you will leave pain to take care of itself.
  • #504
  • Jun 3, 2019 6:42am Jun 3, 2019 6:42am
Quoting JoeeF
{quote} S38 is the first target ... {image}
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  • #505
  • Jun 3, 2019 6:42am Jun 3, 2019 6:42am
Is tomorrow's cut priced in? I'd like to know the answer.
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And you will leave pain to take care of itself.
  • #506
  • Edited 9:48am Jun 3, 2019 6:45am | Edited 9:48am
Quoting kette
close {image}
nice
Know The Presence Of The Market
  • #507
  • Jun 3, 2019 9:20am Jun 3, 2019 9:20am
US ISM Manufacturing PMI is red, more reason to sell USD.
I will do my best!
  • #508
  • Jun 3, 2019 12:51pm Jun 3, 2019 12:51pm
Quoting JoeeF
{quote} S38 is the first target ... {image}
hitted my tp near the s38 !
  • #509
  • Jun 3, 2019 1:00pm Jun 3, 2019 1:00pm
Quoting kette
{quote} {image}

s38 target and close
  • #510
  • Jun 3, 2019 1:11pm Jun 3, 2019 1:11pm
entry a bit late..
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Know The Presence Of The Market
  • #511
  • Jun 3, 2019 3:14pm Jun 3, 2019 3:14pm
Quoting JoeeF
{quote} S38 is the first target ... {image}
good job
  • #512
  • Jun 3, 2019 3:36pm Jun 3, 2019 3:36pm
Quoting kette
{quote} good job
I'm still holding it. Maybe it would be better to close it now and step in on the bounce again.
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And you will leave pain to take care of itself.
  • #513
  • Jun 3, 2019 3:55pm Jun 3, 2019 3:55pm
Quote
As a sign of good faith, Mexico should immediately stop the flow of people and drugs through their country and to our Southern Border. They can do it if they want!
I'm not sure they can.
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And you will leave pain to take care of itself.
  • #514
  • Jun 3, 2019 4:48pm Jun 3, 2019 4:48pm
Market Expects RBA To Cut, So How Should AUD Be Traded?

This is a big week for the Australian dollar. The calendar is full of market-moving events such as retail sales, PMIs, the trade balance and first quarter GDP. All of these reports are important but the biggest driver of Australian dollar flows will be tonight's Reserve Bank of Australia monetary policy announcement. The RBA is widely expected to lower interest rates to a record low of 1.25% and follow with another round of easing in July or August. The market is pricing in a 93% chance of an interest-rate cut and the only question is how eager they will be to move again. Sino-U.S. relations have deteriorated rapidly but domestic data hasn't been terrible.

Taking a look at the table below, consumer spending, inflation, business confidence and housing activity weakened since the last policy meeting but job growth, consumer confidence and manufacturing activity strengthened. Although Chinese data also improved, investors are skeptical of anything but softer reports from China.

Unfortunately, domestic strength won't shield Australia from weaker global growth and lower demand from China. Back in May when the domestic economy was faring ok as well, the Reserve Bank had nothing positive to say about its outlook. The only reason why they held off easing at the time was because they wanted to see if the U.S. and China could reach a trade deal. Unfortunately that never happened and instead, over the past month, trade tensions between the world's 2 largest economies intensified. There's no doubt that Australia will be a casualty of the Sino-U.S. trade war so the RBA will have no choice but to ease if they want to avoid a recession.

As for how the Australian dollar could respond, guidance is key. If the RBA lowers interest rates and appears uncommitted to additional easing, the deeply oversold AUD/USD could squeeze up a percent and head even higher on short covering. All they have to say is future moves are data dependent. If they cut rates and talk of more easing but also highlight the areas of strength / resilience in Australia's economy, we could a modest decline in A$. However if they lower interest rates and signals that this move marks the beginning of a more aggressive easing cycle, we could see a deeper slide in AUD/USD that could take the pair towards 67 cents.

Source: Investing.com
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And you will leave pain to take care of itself.
  • #515
  • Jun 3, 2019 10:38pm Jun 3, 2019 10:38pm
Quoting JoeeF
Market Expects RBA To Cut, So How Should AUD Be Traded? This is a big week for the Australian dollar. The calendar is full of market-moving events such as retail sales, PMIs, the trade balance and first quarter GDP. All of these...
Today's calendar.

RBA Interest Rate Decision (Jun) - in a hour
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And you will leave pain to take care of itself.
  • #516
  • Jun 3, 2019 10:43pm Jun 3, 2019 10:43pm
In zone: EU, AU, NU
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And you will leave pain to take care of itself.
  • #517
  • Jun 3, 2019 10:46pm Jun 3, 2019 10:46pm
Quoting JoeeF
{quote} I'm still holding it. Maybe it would be better to close it now and step in on the bounce again. {image}
UC update ...
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And you will leave pain to take care of itself.
  • #518
  • Jun 3, 2019 11:14pm Jun 3, 2019 11:14pm
Quoting JoeeF
As for how the Australian dollar could respond, guidance is key. If the RBA lowers interest rates and appears uncommitted to additional easing, the deeply oversold AUD/USD could squeeze up a percent and head even higher on short covering. All they have to say is future moves are data dependent. If they cut rates and talk of more easing but also highlight the areas of strength / resilience in Australia's economy, we could a modest decline in A$. However if they lower interest rates and signals that this move marks the beginning of a more aggressive easing cycle, we could see a deeper slide in AUD/USD that could take the pair towards 67 cents.{image}
AU
Sell limits at R138, R161 and R200 ...
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And you will leave pain to take care of itself.
  • #519
  • Jun 3, 2019 11:31pm Jun 3, 2019 11:31pm
Quoting JoeeF
{quote} AU Sell limits at R138, R161 and R200 ... {image}
As expected ...
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And you will leave pain to take care of itself.
  • #520
  • Jun 3, 2019 11:33pm Jun 3, 2019 11:33pm
Quoting JoeeF
{quote} As expected ... {image}
The first sell limit has been filled ...
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And you will leave pain to take care of itself.
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