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Pivot Trading

  • #31,061
  • Jun 19, 2019 5:47pm Jun 19, 2019 5:47pm
Not buying Euro moves now.Pretty deceptive considering ECB basically was total dove.Asia not the best gauge of PA. Staying short on EA and EN
In trading, you have to be defensive and aggressive at the same time
  • #31,062
  • Jun 19, 2019 5:55pm Jun 19, 2019 5:55pm
Quoting Romanov102
Odd, I watched Powell's speech today and was left with the impression that he's basically implying he won't dance and sing like a puppet on a string. The FED is independent he won't comment privately or publicly on political interference, and plans on fulfilling his 4 year term as appointed. Rate's holding at 2.5% no immediate cut and will examine again in the future. I thought he sounded more hawkish than dovish. I thought the markets would have perhaps gone down a little with no immediate cut in site yet they continue to chug higher on nothing....
Thanks for the link.Real interesting. Less shipping already has lots of negative ramifications.Nobody can look at that and assume economy is doing well when in fact its not.
In trading, you have to be defensive and aggressive at the same time
  • #31,063
  • Edited 10:36pm Jun 19, 2019 7:45pm | Edited 10:36pm
AC
NC
EA
On hold EUR NZD AUD USD and NZD USD
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Trading is about paying attention. Davit
  • #31,064
  • Jun 19, 2019 11:01pm Jun 19, 2019 11:01pm
Finally got my low impact member so I can post back here again!Good morning people!

when shorter swings on smaller time frames aren't going so well like this month as markets are trendy, I like to have the daily open with monthly pivots plotted, just to see the bigger picture.

Good to be back!
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  • #31,065
  • Jun 20, 2019 1:14am Jun 20, 2019 1:14am
i m long USDJPY at this point... looks like it is reacting to these levels. looking into USDCAD and Gold.
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all is eternal - this is good news for people who loves bad news
  • #31,066
  • Jun 20, 2019 1:29am Jun 20, 2019 1:29am
shorted EURGBP here again - looking for more down movement.
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all is eternal - this is good news for people who loves bad news
  • #31,067
  • Edited 2:52am Jun 20, 2019 1:41am | Edited 2:52am
shorted XAUUSD here on a upward flag break down - it must correct after such momentum. inside candle on H4 - failed breakup and price dropping back to it lows

UPDATE: well looks like its too soon for move down - jumped out of this
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all is eternal - this is good news for people who loves bad news
  • #31,068
  • Jun 20, 2019 7:46am Jun 20, 2019 7:46am
Quoting Romanov102
Odd, I watched Powell's speech today and was left with the impression that he's basically implying he won't dance and sing like a puppet on a string. The FED is independent he won't comment privately or publicly on political interference, and plans on fulfilling his 4 year term as appointed. Rate's holding at 2.5% no immediate cut and will examine again in the future. I thought he sounded more hawkish than dovish. I thought the markets would have perhaps gone down a little with no immediate cut in site yet they continue to chug higher on nothing....
Same here. We are commercial general supplier of “ anything but food” goods, last year we were receiving 10-15, 18 wheelers to restock warehouse, today we got 1. 90% of our goods is China, all manufacturers raised prices to 15-25% on everything we buy. We started to loose business. Raises this year we’re canceled. If we continue same pace I am going to need a new job very soon.
  • #31,069
  • Jun 20, 2019 7:48am Jun 20, 2019 7:48am
If US is not changing it’s course , I am thinking to move to Cambodia . Get myself small farm and sell lobsters for a dollar
  • #31,070
  • Jun 20, 2019 8:58am Jun 20, 2019 8:58am
Been catching these lovely swings from R61 on EJ
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  • #31,071
  • Jun 20, 2019 9:17am Jun 20, 2019 9:17am
I'm going away for a few days to a cabin on the very west side of the Island. Closed all but 2 of my market short positions at a nice 4 figure loss, left my AJ and NJ open still in the RED on those two. I'm not going to argue with the irrational nature of this market soaring higher on nothing. In retrospect I could have been a little wittier with my answer to their question: Reason for withdrawal? The correct answer should have been: Going fishing for the Halibut, while my remaining positions Flounder! I'll leave you with this GU Daily Harmonic pattern, and a pending Crab pattern on UJ.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #31,072
  • Jun 20, 2019 12:18pm Jun 20, 2019 12:18pm
Quoting Romanov102
I'm going away for a few days to a cabin on the very west side of the Island. Closed all but 2 of my market short positions at a nice 4 figure loss, left my AJ and NJ open still in the RED on those two. I'm not going to argue with the irrational nature of this market soaring higher on nothing. In retrospect I could have been a little wittier with my answer to their question: Reason for withdrawal? The correct answer should have been: Going fishing for the Halibut, while my remaining positions Flounder! I'll leave you...
When you catch this "Ucluelet Minnow @ 231 lbs" remember us landlocked guys out here in Alberta....(ps my favorite fish of all time)
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  • #31,073
  • Jun 20, 2019 1:11pm Jun 20, 2019 1:11pm
Swede , THAT IS A FREAKIN DANDY !!!!!
So was the drop in the USD/CAD !!!!!

Sincerely , GE
"Define the risk OUT of your trade"--Mark Douglas
  • #31,074
  • Jun 21, 2019 4:46am Jun 21, 2019 4:46am
Again! EG, EZ, EA flying north the shittyest market of ever
Trade What's Happening... Not What You Think Is Gonna Happen
  • #31,075
  • Jun 21, 2019 4:58am Jun 21, 2019 4:58am
Quoting ToddyS2K
Again! EG, EZ, EA flying north the shittyest market of ever
Hi there, these emotions brings me to the recommendation of reducing positions sizing. We should not fear the market and we must act clear minded

Green pips!
  • #31,076
  • Jun 21, 2019 6:01am Jun 21, 2019 6:01am
Remember guys, better to admit you were wrong and take a loss, than to blow the whole account because you couldn't cut that loss
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  • #31,077
  • Jun 21, 2019 7:39am Jun 21, 2019 7:39am
closed EN and GU and holds on AU and NU
Happy weekend to all contributors of this Powerful thread of FF
and many many thanks to @Davit
when i close the AU and NU I will post results
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Trading is about paying attention. Davit
  • #31,078
  • Jun 21, 2019 7:49am Jun 21, 2019 7:49am
Quoting Dumaresq
Remember guys, better to admit you were wrong and take a loss, than to blow the whole account because you couldn't cut that loss
losses are the part of this field i am also going in my these two trades in loss after a long time i am not holding my most of trades i hold these because maybe i can recover it
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Trading is about paying attention. Davit
  • #31,079
  • Jun 21, 2019 8:10am Jun 21, 2019 8:10am
Nice to have this thread quiet down and free from noobs and trolls.
I am basically holding until G20 meeting and if everything goes right expecting serious corrections on AUD NZD and YEN
Until then hunkered down and avoiding the shells exploding left and right.

Taking losses is at times crucial. Nothing shame being wrong.Its basically a probability game and you can be wrong and that's normal.

As the arab saying goes you can fall down from a horse but dont stay fallen.
In trading, you have to be defensive and aggressive at the same time
  • #31,080
  • Jun 21, 2019 8:31am Jun 21, 2019 8:31am
Posting my report of the week and turning of the computer have holds AU and NU for next week
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Trading is about paying attention. Davit
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