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Pivot Trading

  • #32,721
  • Nov 15, 2019 9:19am Nov 15, 2019 9:19am
Quoting Pent56
{quote} It's good news for Boris and the Conservative Party. People who vote for the Brexit Party will definitely NOT vote for Labour or the Liberal Democrats. The reason Brexit Party members are standing down is to help support the Conservative candidates in the regions that are a close call between the other parties thus essentially giving the Conservatives their members votes. They want to get Brexit done and their best bet is to help Boris now.
Your posts are gold! Thank you
In trading, you have to be defensive and aggressive at the same time
  • #32,722
  • Edited 9:58am Nov 15, 2019 9:34am | Edited 9:58am
Quoting Davit
AUD should recover soon.Job was only few k's off and unemployment slightly red.Not bad considering Euro zone unemployment numbers and here in US slowing down economy will start showing its ugly face soon.Its coming.Its going to be race to the bottom again ...except Yen Swiss and Euro which are already bottom... Days of green numbers on retail spending, jobs employment will be over ....soon it will be who is less fked up... {image}

you said that yesterday !!!
The Australian dollar is consolidating yesterday's loss, the largest in four months after the disappointing employment data were reported.
If I see AU, The market does not appear to have completed its adjustment, and resistance is now pegged near S78 $ 0.6800.
I hope agreement between the US and China come as positive next week,

According to what US presidential aide Kudlow said, suggesting that a major call will be held today, is helping to sustain sentiment over the weekend.
  • #32,723
  • Edited 11:22am Nov 15, 2019 11:07am | Edited 11:22am
Quoting ppxdf
{quote} I will remove my table. In contact with Oanda, I need to correct my table because Each currency pair will have a different lend/borrow rate each currency pair will have different financing rates. For example 14 November: Instrument Long % Short% AUD/CAD -1.77% -0.39% AUD/CHF 0.69% -2.91% AUD/HKD -4.02% 0.22% AUD/JPY 0.19% -2.39% AUD/NZD -1.21% -1.00% AUD/SGD -2.11% -1.12% AUD/USD -1.75% -0.41% CAD/CHF 1.40% -3.55% CAD/HKD -3.31% -0.43% CAD/JPY 0.88% -3.01% CAD/SGD -1.39% -1.75% CHF/HKD -5.81% 2.02% CHF/JPY -1.63 -0.57% CHF/ZAR -9.96% 5.54%...
Attached File(s)
File Type: pdf Oanda.Costs.SWAPS.POSITIVE.pdf   5 KB | 463 downloads


For example, It's a little tricky to open a long EURCAD position, and keep it open after 5 pm. If not sure will earn € 345.64 over a month.
These are some pairs and directions that I consider not trading if I have a chance of not close before 5 pm
Tues 5pm 1 day
Wed 5pm 3 days
Thurs 5pm 1 day
Fri 5pm 1 day
Sat 5pm 0 days
Sun 5pm 0 days
Basically, on Wednesday I will be charged 3 times the rate.
  • #32,724
  • Nov 15, 2019 12:25pm Nov 15, 2019 12:25pm
Quoting Pent56
{quote} It's good news for Boris and the Conservative Party. People who vote for the Brexit Party will definitely NOT vote for Labour or the Liberal Democrats. The reason Brexit Party members are standing down is to help support the Conservative candidates in the regions that are a close call between the other parties thus essentially giving the Conservatives their members votes. They want to get Brexit done and their best bet is to help Boris now.
Everyone is so sick and tired of hearing about Brexit and the consequences that the mentality has shifted to just get it done and then see what happens. I believe short term it will effect our economy against the other players, but in the long term it will have a greater effect in the long run.

BarmyBoris Army 🥳
  • #32,725
  • Nov 15, 2019 12:58pm Nov 15, 2019 12:58pm
closed AN small gain enough for fees
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #32,726
  • Nov 15, 2019 2:24pm Nov 15, 2019 2:24pm
Quoting bubincka
{quote} That's why sometimes it's better to take a moderate profit instead of waiting mega pips. And this is even more true when GBP is involved. I'm long EG targeting WS61 and all of a sudden it drops like a stone. In the end no big surprise, it's forex that every time teaches a new lesson. {image}
personally I'm cautious on GBP pairs. For EURGBP, it looks like there is still some room south, and considering it hasnt made any higher high.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPbDaily.png Size: 47 KB
  • #32,727
  • Nov 15, 2019 2:53pm Nov 15, 2019 2:53pm
Quoting Halfcents
{quote} personally I'm cautious on GBP pairs. For EURGBP, it looks like there is still some room south, and considering it hasnt made any higher high. {image}
agree I closed my EG in profit and left it alone.Love to get out of GC before any Brexit positive deal....Plenty of time to Dec12 but hate getting my money tight up in DD
We may see correction next week and after GC I am done with GBP until things get sorted out.Nobody knows in case of deal how far it will jump. 145 GU? possible
In trading, you have to be defensive and aggressive at the same time
  • #32,728
  • Edited Nov 16, 2019 7:56am Nov 15, 2019 3:33pm | Edited Nov 16, 2019 7:56am
One more week, one more learning. Remember guys, we are in the best thread of FF.
Do not forget the recommendation number 1 of our master.
DO your CALENDAR OF ECONOMIC EVENTS.
We always need to advance things, to advance market reactions.
This practice is very important for our growth.
I am a pilot, and the first thing we learn in aviation is always being ready to react with the right sequence of procedures. WE HAVE TO REDUCE THE CHANCES OF BEING SURPRISED

Euro for next week show me some green optimism. Not sure that. we need to study during the weekend
The Market is like an eagle eye . Probably the Market see it since the week start

EUR French Flash Services..................... PMI..... 53.0.....52.9
EUR French Flash Manufacturing .............PMI...... 50.9.....50.73
EUR German Flash Manufacturing........... PMI...... 42.9....42.1
EUR German Flash Services................... PMI...... 52.0.....51.6
EUR Flash Manufacturing...................... PMI...... 46.4.... 45.9
EUR Flash Services.............................. PMI..... 52.4.....52.2

cheeers
helio
  • #32,729
  • Nov 15, 2019 4:29pm Nov 15, 2019 4:29pm
Closed all the trades for the week. Don't want open trades over the weekend will enter again if I get an opportunity and a good price.

UC opportunity mentioned in post #32,665

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD H4 DEEP CRAB CLOSED TRADE 16 NOV 2019.png Size: 195 KB


Kindest regards
  • #32,730
  • Nov 15, 2019 5:08pm Nov 15, 2019 5:08pm
Good evening all.
I had a good week but made a few mistakes by setting my stop loss to close on my EA and EN trades this week. I got in a little early and then for what ever reason i had the stop close. Just didn't catch it in time......My mistake and i own it. Normally don't set them close at all so not sure what i was thinking. But i stayed with the week and finished well even with that loss. Moving on

Heard this today "Live in the Vision, not in the Circumstance" Just made me think.

Next week is a new week,

My results.

Have a good weekend.

Cheers
Attached Image
If you fail to plan, Plan to fail
  • #32,731
  • Edited 5:24am Nov 16, 2019 4:05am | Edited 5:24am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,082 Posts | Online Now
Quoting Egbert
To much bullish, look at all those green arrows all time frames. Maybe R100 {image}
Just my thinking, I'll wait for R61
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCADM30.png Size: 140 KB
Click to Enlarge Name: GBPCADM30.1.png Size: 160 KB
Click to Enlarge Name: GBPCADDaily.png Size: 165 KB
Click to Enlarge Name: 2019-11-16 (3).png Size: 56 KB
We obey the structure that results from the market's reaction
  • #32,732
  • Edited 5:47am Nov 16, 2019 5:08am | Edited 5:47am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,082 Posts | Online Now
Hopefully this can go down on Tuesday with AUD red news, for me to get in lower. Or will the MM push it down before time, hoping for something positive from the minutes. Got my target, let the MM show their hand.

That's why with pivots I've got an ACE up my sleeve.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDNZDDaily.png Size: 142 KB
Click to Enlarge Name: 2019-11-16 (2).png Size: 18 KB
We obey the structure that results from the market's reaction
  • #32,733
  • Nov 16, 2019 1:23pm Nov 16, 2019 1:23pm
Quoting ppxdf
One more week, one more learning. Remember guys, we are in the best thread of FF. Do not forget the recommendation number 1 of our master. DO your CALENDAR OF ECONOMIC EVENTS. We always need to advance things, to advance market reactions. This practice is very important for our growth. I am a pilot, and the first thing we learn in aviation is always being ready to react with the right sequence of procedures. WE HAVE TO REDUCE THE CHANCES OF BEING SURPRISED Euro for next week show me some green optimism. Not sure that. we need to study during the...
Thank you friend yes its very important the Events! and how that effects price.
In trading, you have to be defensive and aggressive at the same time
  • #32,734
  • Nov 16, 2019 5:18pm Nov 16, 2019 5:18pm
It has been a tough 2 weeks, but nonetheless I want to share my performance for the last 2 weeks to motivate everyone.

Thank you Davit!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 14 KB
Pips Collector EA, No Martingale, No Grid
  • #32,735
  • Nov 16, 2019 6:04pm Nov 16, 2019 6:04pm
Quoting huatboyz
It has been a tough 2 weeks, but nonetheless I want to share my performance for the last 2 weeks to motivate everyone. Thank you Davit! {image}
Good results although dont understand why such few trades in 2 weeks and why the "struggle"
Are you doing the calendar? Are you aware? Be aware what's coming!
In trading, you have to be defensive and aggressive at the same time
  • #32,736
  • Nov 17, 2019 9:38am Nov 17, 2019 9:38am
My Calendar Events week three November

Is relatively a quiet week, focus will be on CAD and EUR and maybe AUD.

Mon
AUD Monetary Policy Meeting Minutes This may come dovish as RBA puts a lot of emphasis on Labor Market. With recent weak labour market numbers, unemployment going up to 5.3% and employment -19K. Last, but also important, any US-China news on Trade-war have direct impact on AUD. Looking AN, AC for longs and EA for shorts. Only A+ setups

Tues
CAD Manufacturing Sales m/m -0.5% 0.8% Projection is red here. This may fuel UC and EC north, looking for shorts later.
NZD GDT Price Index This usually moves prices on NZD. If red, NJ could present some opportunities for shorts (currently on a range situation) and AN for longs

Weds
CAD CPI m/m 0% -0.4% Watching UC, EC for shorts and maybe AC for longs
USD FOMC Meeting Minutes The upcoming minutes could shed some light on something Chairman Powell alluded to during his press conference – namely, that it would take a “really significant move up in inflation” before the Fed considers raising rates again. This triggered a notable market reaction back then, as investors saw it as a signal that the Fed is willing to let the economy to ‘run hot’, meaning it would tolerate a period of above-target inflation without raising rates. (source)

Thurs
EUR ECB Monetary Policy Meeting Accounts
USD Philly Fed Manufacturing Index 7 5.6. Red here could be nice for UC shorts
CAD BOC Gov Poloz Speaks

Fri
EUR ECB President Lagarde Speaks
EUR Lots of PMI data Projections are positive, we may see some pump and dump scenario here. Ideally for me is to see EUR gaining until Thurs and then on Friday EUR long positions get dumped. Let's watch how MM will move the price!
CAD Core Retail Sales m/m 0.7% -0.2%. Projection positive. Looking UC and EC for shorts
USD Flash Manufacturing PMI 51.5 51.3

I'll be looking to short UC, EC, EA and longs on AN and perhaps AC.
Is very unlikely that I will be short on EUR before Thurs or long on CAD before Weds. Let MM push price towards a more favorable location (61-100 zone), then let probabilities do the work.

Let's pile the pips!
"In the end you only trade yourself."
  • #32,737
  • Nov 17, 2019 12:41pm Nov 17, 2019 12:41pm
Quoting r61
My Calendar Events week three November Is relatively a quiet week, focus will be on CAD and EUR and maybe AUD. Mon AUD Monetary Policy Meeting Minutes This may come dovish as RBA puts a lot of emphasis on Labor Market. With recent weak labour market numbers, unemployment going up to 5.3% and employment -19K. Last, but also important, any US-China news on Trade-war have direct impact on AUD. Looking AN, AC for longs and EA for shorts. Only A+ setups Tues CAD Manufacturing Sales m/m -0.5% 0.8% Projection is red here. This may fuel UC and EC north,...
I dont know how you do it but its weirdly mimicking my thoughts
In trading, you have to be defensive and aggressive at the same time
  • #32,738
  • Nov 17, 2019 5:20pm Nov 17, 2019 5:20pm
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,082 Posts | Online Now
Might close soon,
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30.png Size: 154 KB
We obey the structure that results from the market's reaction
  • #32,739
  • Nov 17, 2019 5:25pm Nov 17, 2019 5:25pm
Gap up on all G pairs. Need them to close...
In trading, you have to be defensive and aggressive at the same time
  • #32,740
  • Nov 17, 2019 5:28pm Nov 17, 2019 5:28pm
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,082 Posts | Online Now
Quoting Davit
Gap up on all G pairs. Need them to close...
Agree, there will only be one chance to close.
We obey the structure that results from the market's reaction
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