Pivot Trading

On same Trade GC You are like my shadow now
Next to fall NZD cant wait this inflated bloated currency to get unwind

Was finished trading, but cannot let this go.

NC

I'm on NC and GA.

Not big positions since end year is near.

Been in and out on EZ after it spiked down last week. Rechecking my chart looks like it got some unfinished business down there. Same as AUDNZD

Worth to monitor these areas

Green pips

Tuesday

NZD ANZ Business Confidence

AUD Monetary Policy Meeting Minutes
AUD Home Loans m/m


Wednesday

GBP

CPI y/y
PPI Input m/m
Core CPI y/y
HPI y/y
PPI Output m/m
RPI y/y

CAD
CPI m/m
Common CPI y/y
Median CPI y/y
Trimmed CPI y/y
Core CPI m/m

Thursday

NZD

GDP q/q
Trade Balance

AUD

Employment Change
Unemployment Rate
JPY
Monetary Policy Statement
BOJ Policy Rate
BOJ Press Conference

GBP
Retail Sales m/m
MPC Official Bank Rate Votes
Monetary Policy Summary
Official Bank Rate

CAD
ADP Non-Farm Employment Change

Friday

GBP
Current Account
Final GDP q/q

CAD
Core Retail Sales m/m
Retail Sales m/m

Thursday could be the busy day for NZD, AUD, JPY, and GBP

Short term potential opportunities that I'm looking for

UC New York Session 16/12/2019

Attached Image (click to enlarge)

AN

Attached Image (click to enlarge)

Closed GU and NC

Best regards

we have USA PMI in few minutes.
we know that FED leaves rates on Hold.
for how long?
some economist says
“They’ll probably drop the rate for unemployment. We’re seeing them coming down and we’re not seeing a pickup in inflation.”

this PMI will show us US economy's performance the fourth quarter.
The November surveys showed encouraging signs in line with GDP growth of around 1.5%. Official industrial production and PCE inflation numbers will also help assess if the FOMC is likely to remain happy to stay on hold.

I see potencial in these CJ - short!? Any opinion.

When trading crosses look at majors
CJ is basically UJ+UC look where they are relative to pivots and look at CJ then look at calendar.You'll find your answer
I have gone through this multiple times here. Pivots- Price Action- Events PPE =Trade or no Trade

At this level where I am and how I have been drilling this it should be second nature.Why I dont like working with new traders.
It sometimes gets to my nerves.There is expectation that material covered here repeatedly should be already assimilated.
Why I do the calendar every week why without looking at calendar I know exactly where and when events unfold...

Nice dumping of GBP still short on GC Next stop NZD Business bullshit confidence

less negative then before !(good for NZD)Lets see how RBA policy is next
I really like this site.Been doing lot of my research here
https://tradingeconomics.com/
Graphs stats by country etc.

MM moving EA to R38
I will starting loading my short there or 1.6233 if I see rejeition

This morning on wake up a nice surprise on GU and GA closed by my trade manager.

Good profit and notice one more time PA on remarkable zones as WPP and ADR exhaustion.

Hi Davit!
Do their forecasts are accurate?

Closed GC what a trade it was!over 4k pips

yes so far that I observed.

SHORT EA

Brexit news what's next
https://www.bbc.com/news/uk-politics-46393399
I think this weakens Euro ,short rallies does not change the fact major member is leaving EU
I will look to sell Euro crosses on rallies specially EC EA EN

Part of this system is breaking up lots into smaller lots so You can "capture the move"
post from 2018

from 2018
"This system takes advantage of market volatility and uses same tools MM use to take your stops in your advantage.
I use fish net method versus sniper.Multiple entries vs single.
When price is at example R61 UJ example I place 5 orders when PA moves in my way.I will add more should price continues going south but suppose after 4hrs price goes against you.That's fine remember we still have not added all our intended orders and price is still in the zone.Price spikes at 100R basically taking stops and creating liquidity for large MM orders and you added additional 5orders.This is not adding to losers this is BUILDING A POSITION when entire order is 1 batch of trades! Think of the CAT we got it covered from tail to head.
Now suppose price smashed 100R and started to go north even more.I usually wait to see if its a fake out or not because vast majority of times its a shake up spikes.Lets say it was not then I close 25% of my red trades and wait to see how PA reacts.If everything goes against me I may close all positions as loss.NO big deal continue hammering trades because I firmly believe in sample size.My account does not die with 1 batch or 10batch of red trades!!!!!

This is not martingale nor brainless way to trade in fact its pretty sophisticated taking advantage of spikes and volatility when others die you thrive!"

Bubincka makes good use of this concept and many others.

My humble opinion on EUR:

I can't see why it's heading north with such a rush. Disappointing PMIs (yesterday), Brexit impact and the fact that we're still waiting for tomorrow's Germany's Business Climate (which they say will most probably point to south).

At least NZD doesn't deserve such a pressure against EUR. I'll go short on EN to see what happens.