Disliked{quote} Anything can happen...but major trend shows GBP strength not weakness. You may get a small pullback but it may be short lived. {image} {image}Ignored
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Open Trade near Pivot line (Pivot Point) 14 replies
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Disliked{quote} Anything can happen...but major trend shows GBP strength not weakness. You may get a small pullback but it may be short lived. {image} {image}Ignored
DislikedHey Fellow Pivoters, A great example of Stop Loss Hunting by MMs making the liquidity to go against you ! This is why Davit's Pivot Trading Systems works ! {image} {image} Cheers ! - JohnIgnored
Disliked{quote} I think it had more to do with Johnson meeting with Macron today. Macron stating that UK withdrawal agreement can be amended. Removes some uncertainty winch is good for the pound.Ignored
Disliked{quote} Thanks Cryptosurf, I see this now...I was already buying the GU based on obvious technical strong support at 1.21. I should have predicted positive talks for a need to keep a mutual agreement and to go slow with the Brexit deal or any other agreements so not to negatively affect UK and the rest of the European economies. I am very glad that you are here sharing your expertise on Forex fundamentals and the technicals as well - I am impressed with all the talent here... I am sure Davit would be excited and proud how well all you gifted contributing...Ignored
Disliked{quote} Are you aware that NZD is planning on cutting another 1/2% on their prime? https://www.forexlive.com/centralban...ahead-20190816Ignored
Dislikedagree it also makes you approach trading like a job.You hit certain number then its fine time to let go.Another trade another day.
About 70-80% of forex is not trending which means holding a position hoping for home run is against you statistically why trend traders are often in DD and this DD can get very large.Not ideal approach. We focus on swings!! Can't state this enough Swings!Ignored
DislikedSuddenly @ 08:00 NYT things going a little crazy on London Market USD dropping CAD dropping OIL dropping. {image} {image} {image}Ignored
DislikedSuddenly @ 08:00 NYT things going a little crazy on London Market USD dropping CAD dropping OIL dropping. {image} {image} {image}Ignored
DislikedThe Chinese are big forex traders. I wonder how many BILLIONS they made this morning by positioning themselves before announcing the tariffs? The Chinese also trade lots of options on forex. I find this website useful they give a breakdown of FX options expiries you can sign up for free and get a daily email from them or just look at their website under the more tab on the top right side forex orders. I like to know the levels and mark them on my chart even though its not a news event quite often after the expiry especially if it expires close to...Ignored
Disliked{quote} yes know this but how do you trade spot forex using options.. read somewhere that price attract towards these expiry levels. also saw price bouncing from these levels sometime. could you kindly explain if you anything about option expiry and how to use it with spot fx. thanksIgnored
DislikedAnd some wineers during the week best milked pair GA {image} {image} {image} {image}Ignored