Pivot Trading Journal

I've made my own review of the Davit's thread. It's only from the first half of that thread. Later I'll do the second half. It's a good starting point I think.

Part #1 started from Post 6
Part #2 started from Post 46
Part #3 started from Post 106
Part #4 started from Post 149
Part #5 started from Post 189
Part #6 started from Post 217
Part #7 started from Post 277
Part #8 started from Post 337

Alright, thank you. Will read it now.

probability EA

dax very lower daily gold overbought daily

AU update ...

Closed it with small profit.

Today's calendar.



EUR!

In zone: EU, AU, NU, NJ, AN, NC

AU ...

If you are an AUD bear, here you go - iron ore down 3% in China today, headed for big weekly decline

Australia's trade surplus in April was a good one, much of it to do with booming iron ore exports

1. Meanwhile today, Dalian iron ore is down more than 3%
2. For the week iron ore is on track for its worst week since mid-April year to date:

Source: ForexLive

EUR: 3 Things To Expect From ECB

Thursday's European Central Bank monetary policy announcement will be a big one. EUR/USD rallied for 4 days straight this week but the sellers are returning ahead of the rate decision.

What To Expect From The ECB:

1. Details on their new Targeted Long Term Refinancing Operation
2. Updated economic projections
3. New Forward Guidance

Back in March, the ECB announced a series of new loans that would provide additional stimulus to the Eurozone economy. They said the details of this program known as TLTRO-III would be provided in June. Now that the time has rolled around, EUR/USD traders are eager to see how generous the program will be, how it will be priced and whether the interest rate will be negative, zero or close to zero. Their inflation and growth forecasts will also be updated and ECB President Draghi will deliver a speech where he could talk about the possibility of further action if growth or inflation weakens further.

The Eurozone is in a low-growth phase and despite some improvements, the most important drivers of monetary policy – consumer spending, inflation, manufacturing activity and retail sales weakened. German retail sales fell -2% in April, which was significantly worse than the market’s forecast for an increase. German unemployment rolls also increased the most in 4 years and while part of that was due to changes in categorization, the labor department warned that this was the first sign of a weakening economy. For now, the EU escaped auto tariffs but a simultaneous slowdown in the U.S. and China will hit the economy hard. If the ECB felt that more stimulus was warranted before the U.S. slapped China with another round of tariffs, the need for accommodation has only increased since then.

EUR/USD crashed when they rolled out TLTRO-III and the sell-off could resume if the central bank lowers their growth and inflation forecasts. But that may not be enough. Given how deeply oversold the EUR/USD is, investors may have already discounted ECB dovishness and accounted for lower economic projections. So the nail in the coffin for the euro will have to be changes in their forward guidance and talk of new loan programs beyond the current TLTRO.

Source: Investing.com

EU
Sell limits at: R100, R138, R161 and R200

The first sell limit has been filled.

ECB Press Conference - in 20 minutes !!!!

The second one has been filled ...

Step in is one question but step out is the second one.

Maybe bad trade management. 40 pips were on the table ...

Today's calendar.



Holiday China - Tuen Ng Day ...
USD NFP ...

In zone: EU, AU, NU, NJ, AN

EU update ...

AU update ...