Pivot Trading

closed another on EA
It adds up To give you an idea this can be lucrative I made 500 between EC and EA in 1hr.Wont disclose all my trades profit amount but this to show you range can be substantial.

New Oanda rules if you close your trades before 5pm EST you dont get charged swap fees
That means buying crappy Euro against AUD NZD does not cost anything as long as you dont hold it pass 5pm

Just a few of my trades running.

same selling GBP but different route
Textbook Pivot trading GC was easy to spot and matter of waiting a little

You need to place something bigger then 10cent a pip....!

Cannot agree more. A+ trade

Red line was my long trade last night, it was a set and forget as I was sleeping. Pivot was my tp, looks like there was alot left on the table, no regrets, profits a profit! Also took a long on Eurjpy off the S38 anyone else get in on this? Looking to get out at the pivot, see how this plays out.

My day results.Exceeded my goalclosed GC

Happy Veterans Day.” “For your service, your sacrifice and your hard work,
Thank you.

well done

GC fighting for 170 but going to hold little awhile see if she breaks south. Yes I did reload
6975 reasonable correction R38

USD In the United States, the calendar is relatively thin until Wednesday, when Fed Chairman Jay Powell testifies before the Joint Economic Committee of Congress.

AUD staged a spectacular recovery lately, with an improving trade outlook and the RBA signalling that it’s done with rate cuts for a while fuelling the rally. Markets now assign a mere 15% chance for another cut in December, and that could fall towards zero if the upcoming wage price index for Q3 (Wednesday) and employment data for October (Thursday) come in strong.

EUR Considering how weak the German PMIs were throughout the quarter, such an outcome, unfortunately, seems quite likely. If that’s the case, it may be a very unpleasant week for the Euro, as the ‘doom and gloom’ of recent years returns to haunt it. That could raise the odds that the European Central Bank (ECB) rolls out even more monetary stimulus under the leadership of Christine Lagarde, something that markets currently don’t consider very likely judging by the pricing of future rate cuts.

GBP As usual, the pound will probably react only to politics; not economics. All eyes remain on the election campaign, and the biggest driver for sterling now may be what opinion polls signal.

CAD remains in a range between 1.33000 and 1.31000 and while it could become a pair of interest for now we’ll wait until further price action development.

NZD The Reserve Bank of New Zealand (RBNZ) will announce its decision early on Wednesday, and markets seem somewhat split over whether policymakers are going to cut rates.

Inflation was stronger than the RBNZ had projected in Q3, as was the labour market, while the US-China ceasefire painted a brighter picture for exports.

JPY The silver lining is that domestic demand likely stayed solid, but that may change in Q4, as the sales tax was raised in October. The last time Japan raised this tax back in 2014, a recession followed, so the BoJ will likely wait for Q4 results before it draws any conclusions on the economy.

Keep an eye on your charts for possible major price moves.

Closed GC had a great day so going to sleep.

I've been shorting EA all year, cash cow!

Good start to the week for me.

Looking forward to the rest of the week.

Cheers

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may hit EG again nice dive down at close almost sure she got 20-30 pips north in her.Have to wait until spread comes down
sometimes best trades are obvious trades.No need home runs just give me 20-50pips end of the day it piles up

My favorite hobby. Had to pause my fun until the kids are out of the house....but after that I’m back in the saddle

Ride right, Pass left

Great you are doing good at forex as wellgot to keep those brain cells sharp.Now you just need to play speed chess
chess.com
No not 1hr 2hr game! Nope fast 5min games!Quick thinking sharp reflexes! Will keep your brain baby sharp!I play average 20games a day basically in between trades best when I am drinking and playing and watching the debilitating effect alcohol on thinking happen in real time

Thank you.

I do enjoy chess, used to play with my Dad. Never got that good at it but i will check out the site.

Thx for the info

Cheers

that teal horizontal line, what is that?