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Pivot Trading

  • #33,061
  • Dec 6, 2019 5:32am Dec 6, 2019 5:32am
Quoting Davit
Lots of money going into NZD its sickening Made the mistake of shorting NU..... DD now
for me not only NU i am having DD in AN EN also,i am giving last chance to these pairs to retrace after US data, if not then i will looking to get out of them
  • #33,062
  • Dec 6, 2019 6:32am Dec 6, 2019 6:32am
Quoting Davit
Lots of money going into NZD its sickening Made the mistake of shorting NU..... DD now
I'm short on NU and still in AN, both in DD.

Kiwi always surprises me, it's the currency I know less and more often than not gives me troubles.
Since I don't see big reasons to justify such a strength apart what you recalled yesterday it means that a first US / China deal by 15 Dec. is more likely.
Porta itineris dicitur longissima esse
  • #33,063
  • Dec 6, 2019 6:55am Dec 6, 2019 6:55am
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCHFM30.png Size: 168 KB
We obey the structure that results from the market's reaction
  • #33,064
  • Dec 6, 2019 7:00am Dec 6, 2019 7:00am
Quoting Egbert
{image}
I was short at S78 and I have collected some pips. I'm planning to re-enter 6620 - 6660
Trade What's Happening... Not What You Think Is Gonna Happen
  • #33,065
  • Dec 6, 2019 7:03am Dec 6, 2019 7:03am
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM30.png Size: 152 KB
We obey the structure that results from the market's reaction
  • #33,066
  • Dec 6, 2019 7:09am Dec 6, 2019 7:09am
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADM30.png Size: 143 KB
We obey the structure that results from the market's reaction
  • #33,067
  • Dec 6, 2019 7:35am Dec 6, 2019 7:35am
Nice profits.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADM30.png Size: 148 KB
We obey the structure that results from the market's reaction
  • #33,068
  • Dec 6, 2019 7:42am Dec 6, 2019 7:42am
Quoting Egbert
Nice profits. {image}
Yeah those CAD numbers just released was a big miss.
Trade with confidence, trade without fear.
  • #33,069
  • Edited 8:01am Dec 6, 2019 7:51am | Edited 8:01am
Closed a 2nd batch of NC as a loss due to red numbers for CAD.

Attached Image (click to enlarge)
Click to Enlarge Name: cad.png Size: 4 KB


Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADM5.png Size: 28 KB


But still positive on week.

Attached Image


As Mark Douglas said: There is a random distribution between wins and losses for any given set of variables that
define an edge.

New week, new opportunities.
"In the end you only trade yourself."
  • #33,070
  • Dec 6, 2019 8:11am Dec 6, 2019 8:11am
Quoting Cryptosurf
{quote} Yeah those CAD numbers just released was a big miss.
Try living up here. Truedud and his band of windbags have decimated this country.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #33,071
  • Dec 6, 2019 8:15am Dec 6, 2019 8:15am
GU Deep Crab on the H4 strong NFP today and USD is at support. UK elections next week.
Attached Image (click to enlarge)
Click to Enlarge Name: GUDPH4061219.jpg Size: 293 KB
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #33,072
  • Dec 6, 2019 8:43am Dec 6, 2019 8:43am
NZD
Lot of traders now caught on wrong side of USD expecting bad USD news. Wrong!
Now frantically trying to cover their positions before NZD falls???
It is possible for a thrust up to hit stops then the plunge??
US Dollar Index does not include NZD.
  • #33,073
  • Dec 6, 2019 8:58am Dec 6, 2019 8:58am
Taking it down again.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADM30.1.png Size: 143 KB
We obey the structure that results from the market's reaction
  • #33,074
  • Dec 6, 2019 9:33am Dec 6, 2019 9:33am
Quoting MoneyTalks58
This is also in my radar. Might take some small amounts. {image}
This is also ok.
Attached Image (click to enlarge)
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  • #33,075
  • Dec 6, 2019 9:36am Dec 6, 2019 9:36am
Quoting R61
Closed a 2nd batch of NC as a loss due to red numbers for CAD. {image} {image} But still positive on week. {image} As Mark Douglas said: There is a random distribution between wins and losses for any given set of variables that define an edge. New week, new opportunities.
Not alone on CAD losses I closed GC short for a $50 loss and banked $420 on USD NOK shorts. I entered a couple of GU shorts and EU shorts after NFP this morning.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #33,076
  • Dec 6, 2019 10:01am Dec 6, 2019 10:01am
Which means a deal will be signed very very soon to maximize impact....lol
Attached Image (click to enlarge)
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  • #33,077
  • Dec 6, 2019 10:02am Dec 6, 2019 10:02am
Quoting MoneyTalks58
{quote} This is also ok. {image}
FYI: theres a tradingview template with weekly pivots. I posted here: https://www.tradingview.com/chart/US...ly-Fib-Pivots/
Trade with confidence, trade without fear.
  • #33,078
  • Dec 6, 2019 10:55am Dec 6, 2019 10:55am
Quoting Cryptosurf
{quote} FYI: theres a tradingview template with weekly pivots. I posted here: https://www.tradingview.com/chart/US...ly-Fib-Pivots/
Thank you so much man. It is really nice. I had missed it.
  • #33,079
  • Dec 6, 2019 3:05pm Dec 6, 2019 3:05pm
if we watch closely at NU its clear that its standing at its peak
1. resistance trendline channel
2. 61.8 fibo level
3. double hanging man candlestick pattern formed there (H4 TF)
4. divergence on oscillators
and same story is happening in EN but AN has still room to move more 100 pips down,
thats my own technical analysis, time will tell the true story
Attached Image (click to enlarge)
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  • #33,080
  • Edited 2:19pm Dec 7, 2019 1:34pm | Edited 2:19pm
Hi guys
Tough week holding some red trades.If I dont see improvements I will cut them.Weds big day for USD.Feds fund rate/Lets see if good old greenbacks rebounds and rather likely.
Nothing on NZD until 16th of Dec Business confidence which in retrospect explains heavy NZD buying basically it was least riskiest to park funds.AUD and CAD took hits because they were data heavy and both not very good either which explains their performance last week.
CAD Friday data was frankly unexpected and market as well and why such dramatic reactions. Well lets how things unfold next week.Very likely MM start dumping their GBP positions before election GC is prime candidate.
Be mindful good chance after Feds rate Weds GBP gets dumped GU watch this closely. Could be as much as 200pips south.

Go over the calendar and have fun
In trading, you have to be defensive and aggressive at the same time
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