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Pivot Trading

  • #33,741
  • Jan 10, 2020 1:16am Jan 10, 2020 1:16am
Quoting Davit
...In AUD case market seems not committed to buy AUD so far. Could be Feb 3rd rate decision maybe another cut looming.Dont know and Feb 3rd still long way off in forex time.
I think Australia is in a difficult riddle to solve.

In politics they support US and in same time wants to have business with China, without which they're gone.
Looking at fundamentals all recent data release for AUD printed green and well above forecast.
Furthermore RBA will probably keep rates on hold at 0.75%:

https://www.fxstreet.com/news/rba-se...b-202001100548

Despite all of this it seems lately NZD outperforms its cousin AUD hit by bushfires, safe haven for sure plays a role here.
As Davit says some trades and moves take more time to develop, in recent days AUD seems to have woken up finally.
Porta itineris dicitur longissima esse
  • #33,742
  • Jan 10, 2020 3:18am Jan 10, 2020 3:18am
Closed EA nice gain almost 4% account gain and will be over 4% once I closed AC
May reload on bounce

EU at same level as AU kind of stale mate why I closed.
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #33,743
  • Jan 10, 2020 3:25am Jan 10, 2020 3:25am
tempting to long EC....but there is that possibility very green CAD data....Will stay put unless it drops 4480 and lower
In trading, you have to be defensive and aggressive at the same time
  • #33,744
  • Jan 10, 2020 3:33am Jan 10, 2020 3:33am
Now I want EA bounce north badly
In trading, you have to be defensive and aggressive at the same time
  • #33,745
  • Jan 10, 2020 3:49am Jan 10, 2020 3:49am
GC is on steroids now
going to take a nap will catch up before NFP
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In trading, you have to be defensive and aggressive at the same time
  • #33,746
  • Jan 10, 2020 3:57am Jan 10, 2020 3:57am
0.9 for AC is too round to be ignored; acts like a magnet. Only 10 pips away and I'll be happy to call it a green trade
  • #33,747
  • Jan 10, 2020 4:08am Jan 10, 2020 4:08am
I've closed EA.

Wished I have more bullets to commit to this, funds tied up in other trades mainly in AN from which I hope to quit soon.
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Porta itineris dicitur longissima esse
  • #33,748
  • Edited 5:30am Jan 10, 2020 5:13am | Edited 5:30am
Not bad for a first week of business.
Still holding some longs on AC.
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Hit EA multiple times this week, 3 or 4 batches on the short side.
"In the end you only trade yourself."
  • #33,749
  • Jan 10, 2020 5:46am Jan 10, 2020 5:46am
Closed two sets of EA trades this week. Probably could have held longer this morning but happy with returns. Great to see everyone making cash cash money!
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  • #33,750
  • Jan 10, 2020 6:12am Jan 10, 2020 6:12am
In hindsight it was bad mistake to close EA so early, lots of pips left on the table, good it was the second time this week on this pair.

Adding to this yesterday distraction on GA closed incidentally by trade manager on VPS are more than 1000 pips unrealized.
I have to be more concentrated, calm and focused to maximize profits when market is in giving mode.
Then of course in hindsight it's all easy, but at least avoid inattention is a minimum requirement.

And despite all of the above and significant losses taken on AN, the beginning of 2020 has been very good.
Thanks again Davit and all traders here.
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Porta itineris dicitur longissima esse
  • #33,751
  • Edited 7:47am Jan 10, 2020 7:31am | Edited 7:47am
SHORT UJ. SL 20 pips only

disadvantage
risk. as it is a wild horse

advantage
swap positive
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  • #33,752
  • Jan 10, 2020 7:38am Jan 10, 2020 7:38am
Closed AC at 84 after wow data on CAD
Almost 1/2 of my target goal of 10% reached.I am pleased with that anything over 10% is gravy

I am sure our friend here Romanov is scratching his head "where the fk they get those numbers"
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In trading, you have to be defensive and aggressive at the same time
  • #33,753
  • Jan 10, 2020 7:42am Jan 10, 2020 7:42am
Guys, since both NFP and Average Hourly Earning appeared red, UJ 109.00 will be so reachable. Swap will be against me, but still worth it

I'll call it a day; am so sleepy
  • #33,754
  • Jan 10, 2020 7:46am Jan 10, 2020 7:46am
Quoting ppxdf
advantage swap positive
Mine's negative Am I wrong?

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  • #33,755
  • Jan 10, 2020 7:48am Jan 10, 2020 7:48am
Quoting finally-2020
Guys, since both NFP and Average Hourly Earning appeared red, UJ 109.00 will be so reachable. Swap will be against me, but still worth it I'll call it a day; am so sleepy
its a probability game.You are just as right as wrong but its at within system rules.Watch PA
one thing to keep in mind Yen is highly manipulated.Its one currency that gets controlled by BOJ even though they deny it but I think its true.They are keeping it artificially weak...very noticeable
In trading, you have to be defensive and aggressive at the same time
  • #33,756
  • Jan 10, 2020 7:49am Jan 10, 2020 7:49am
CJ breaking 84 WOW not touching it
In trading, you have to be defensive and aggressive at the same time
  • #33,757
  • Jan 10, 2020 7:51am Jan 10, 2020 7:51am
MY FX trades closed for the week AC at a small profit CJ at a small loss. Based on what I know living in Canada with customers having no freight with some closing there doors, and all the people I know that are slow or not working in so many different sectors. I'm calling BS on the CAD jobs data. It's in the news nearly everyday of the week layoffs here there and everywhere. Over 18,000 jobs in the province I live in alone in the past few months.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #33,758
  • Jan 10, 2020 7:51am Jan 10, 2020 7:51am
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We obey the structure that results from the market's reaction
  • #33,759
  • Jan 10, 2020 7:52am Jan 10, 2020 7:52am
Quoting finally-2020
{quote} Mine's negative Am I wrong? {image}
Yes correct when shorting UJ you are buying the Yen -10% rate
In trading, you have to be defensive and aggressive at the same time
  • #33,760
  • Jan 10, 2020 7:54am Jan 10, 2020 7:54am
Quoting Romanov102
MY FX trades closed for the week AC at a small profit CJ at a small loss. Based on what I know living in Canada with customers having no freight with some closing there doors, and all the people I know that are slow or not working in so many different sectors. I'm calling BS on the CAD jobs data. It's in the news nearly everyday of the week layoffs here there and everywhere. Over 18,000 jobs in the province I live in alone in the past few months.
Maybe out side your Provence things are rosier
In trading, you have to be defensive and aggressive at the same time
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