Pivot Trading

WE are at few hours to the end of the day.
I think the worst DD is over.
since last day, the relative strength of the EUR at the moment, is stronger than:
USD in 45 pips
NZD in 121 pips
CAD in 90 pips
AUD in 134 pips
since last day, the relative strength of the AUD at the moment, is weaker all pairs against:
CAD -17 pips
GBP -50 Pips
JPY -59 pips
NZD neutral
USD -23 pips
EUR -40 pips
CHF -58 pips

I keep telling myself why I was so idiot that I gave up my little weekly profit? I didn't take headlines seriously and went long on CJ before GDP release and went to sleep thinking what would be the worst case? I breached all my rules, I ignored all the headlines I knew and here I am, I gave up my weekly little profit

They say knowledge is power! But what if there's no will to use it as in my case?!

Seems like Corona is right here in my account JPY roaring ...

I'm holding on to my 8% DD. I Only made just short of 2% and I won't be trading next week. Im having it off. I believe Corona is here for a while. We just had cases of people in the UK with this horrible virus. I would rather sit on the sidelines.

Closing for the week and month.

The coronavirus situation really messed up my trades.

Going to next month carrying some DD in some AUD crosses, mostly on EA.
Plenty of data releases for AUD next week. Let's see if AUD react up a bit.
If I don't see any improvement, I may start to partially cut some positions as a loss like this week.

week red. New month new trades

EA on H1 In Standard Pivots it is right on the monthly M3. USD has been falling and AUD has been falling with it, a little out of sync in my opinion. The AUD has certainly taken a shellacking this week, being weak against all other currencies. I wish I'd stayed completely out of the AUD. My account would have been much better off without it. At least my AUD DD have been offset by my GER30, NQ, S&P shorts and XAU long gains, and a couple of EU longs so I'm basically net zero for the week. The EUR is a mystery soaring in value while the printing presses continue to run. I think we're far from done with the Brexit saga either, Scotland wants an XIT now. I saw that on RT news. It never ends. Look at the lack of Volume at these high EA levels. I know the volume is only representative of the broker you deal with I deal with FXCM so they have a lot of traders you can see there hasn't been a lot of volume at these prices. Next week more RED Aussie events and NFP.

complicate week with expressive Unrealized P/L (Floating) to cut from now on, and few margin.
As I said, I have a pineapple to peel holding current open positions against me.
eventually return part of my gain back to the table

result this week.

result this month.

Just wait when they announce they've found vaccine...

I' ve have heard it may take one year to find a vaccine….

I've read the same. But I think it doesn't matter how long will it take to market this vaccine. What counts is the first news they've made a progress and found something that shows good results or smth.

COT has never been used to predict anything. Even if you believe in it, it's the the direction of "trends" that matters and not one single week's report. There are couple of online tools which display theses reports in a graphic way which should be more telling.

Yes, Right!!!

that's right. You are absolutely correct.
In Information Technology (T.I) we know that a piece of data does not say anything.
A piece of data when you have it late, says even less. (here on this point is where i wanted to hear you)
when you put a lot of pieces of data updated together, you have information.
yes, There are couple of online tools which display theses reports also delayed. I have some of them.
but again, The focus is: Why they do not released to everyone on Tuesday??.
there are other data that you can get directly from the mainframe, like the options that expire the following week and also IMM net POSITION in Billion as I already said.

In the past years I mate the experience, that the more indicators, tools and so on I use the worser my trading gets. That is because every tool, is so complex that it takes years to really understand how to use it. In the end it's only about where price is in relation on chart. Therefore pivots are perfect. Rest is only probabilities.... One tool more and you are only more distracted from price action. PPE! Stay focused

here's a few more pieces of information that may or may not be useless.

FACTBOX-Airlines suspend China flights because of coronavirus outbreak - Reuters News
01-Feb-2020 01:52:48
Adds Qantas, Air New Zealand suspensions

AIR CANADA
Air Canada said on Jan. 28 it was cancelling select flights to China.

AIR FRANCE
Air France said on Jan. 30 it suspended all scheduled flights to and from mainland China until Feb. 9.

AIR INDIA
Air India said it was cancelling its Mumbai-Delhi-Shanghai flight from Jan. 31 to Feb. 14.

AIR NEW ZEALAND
Air New Zealand said on Feb. 1 it will suspend its Auckland-Shanghai service from Feb. 9 to March 29 due to travel restrictions affecting crew and a decline in forward bookings.

AIR SEOUL
South Korean budget carrier Air Seoul said on Jan. 28 it had suspended all flights to China.

AIR TANZANIA
Tanzania's state-owned carrier said it would postpone its maiden flights to China. It had planned to begin charter flights to China in February.

AMERICAN AIRLINES
American Airlines said it will cancel flights to Beijing and Shanghai starting Jan. 31, and run through March 27, though it will continue to fly to Hong Kong.

BRITISH AIRWAYS
BA said on Jan. 30 it had cancelled all flights to mainland China for a month.

CATHAY PACIFIC AIRWAYS
Hong Kong's Cathay Pacific said it would progressively reduce capacity to and from mainland China by 50% or more from Jan. 30 to the end of March.

DELTA AIR LINES
Delta Air Lines announced cancellations, with its last flights out of mainland China on Feb. 5, running through April 30.

EGYPTAIR
Egypt's flag carrier said on Jan. 30 it would suspend all flights to and from China starting Feb. 1.

EL AL ISRAEL AIRLINES
El Al Israel Airlines said on Jan. 30 it was suspending flights to Beijing until March 25. Israel's Health Ministry said it will not allow flights from China to land at its airports.

ETHIOPIAN AIRLINES
The African carrier on Jan. 30 denied reports it had suspended all flights to China. The airline's statement contradicted its passenger call centre, which told Reuters earlier in the day that flights to China had been suspended.

ETIHAD AIRWAYS
Abu Dhabi's Etihad Airways said passenger flights between Beijing and Nagoya, in Japan, had been temporarily suspended due to low travel demand.

FINNAIR
Finland's Finnair said on Jan. 31 it was cancelling all flights to mainland China between Feb. 6 and Feb. 29 and to Guangzhou between Feb. 5 and March 29.

KENYA AIRWAYS
Kenya Airways said on Jan. 31 it has suspended all flights to China until further notice.

LION AIR
Indonesia's Lion Air Group said on Jan. 29 it would suspend all flights to China from February. The airline has suspended six flights from several Indonesian cities to China so far and will suspend the rest next month.

LOT POLISH AIRLINES
Polish carrier LOT said it had decided to temporarily suspend its flights to Beijing until Feb. 9.

LUFTHANSA
Germany's Lufthansa said on Jan. 29 it was suspending Lufthansa, Swiss and Austrian Airlines flights to and from China until Feb. 9. The airline continues to fly to Hong Kong, but it will stop taking bookings for flights to mainland China until the end of February.

QANTAS AIRWAYS
Australia's Qantas said on Feb. 1 it was suspending direct flights to mainland China. The Australian national carrier's direct flights from Sydney to Beijing and Sydney to Shanghai will be halted from Feb. 9 until March 29.

ROYAL AIR MAROC
Moroccan airline Royal Air Maroc (RAM) has temporarily suspended its direct flights to China, the company said on Jan. 30. RAM had on Jan. 16 launched a direct air route with three flights weekly between its Casablanca hub and Beijing.

RUSSIA
All Russian airlines, with the exception of national airline Aeroflot , will stop flying to China, Deputy Prime Minister Tatiana Golikova said.

RWANDAIR
Rwanda carrier RwandAir has halted flights to and from China until further notice, the airline said in a statement on Friday. The decision will be reviewed later in February, it said.

SAS
Nordic airline SAS said on Jan. 30 it has decided to suspend all flights to and from Shanghai and Beijing from Jan. 31 until Feb. 9.
SAS offers 12 regular weekly connections from and to Shanghai and Beijing.

SCOOT
Singapore airline Scoot said it was suspending all flights between Singapore and China from Feb. 8, media reported.

SHANGHAI AIRLINES
Shanghai Airlines said on Jan. 31 it would suspend its Chengdu-Budapest flight between Feb. 4 and March 28 and its Xi'an-Budapest flight between Feb. 6 and March 26 according to a statement on the website of the Budapest Airport operator.
The airline's Shanghai-Budapest flight is unaffected.

SINGAPORE AIRLINES
Singapore Airlines Ltd said on Jan. 31 it would reduce capacity on some of its routes to mainland China in February.
The cuts include flights to Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, Xiamen and Chongqing, some of which are flown by regional arm SilkAir. Its budget carrier Scoot is also cutting back on flights to China.

TURKISH AIRLINES
Turkey's flag carrier said on Jan. 30 it would decrease frequency on scheduled flights to Beijing, Guangzhou, Shanghai and Xian between Feb. 5 and Feb. 29.

UNITED AIRLINES
Chicago-based United announced cancellations, saying last flights out of mainland China will be Feb. 5, running through March 28.
United had previously suspended 24 U.S. flights to Beijing, Hong Kong and Shanghai between Feb. 1 and Feb. 8 because of a significant drop in demand.

UNITED PARCEL SERVICE INC
UPS has cancelled 22 China flights, as a result of the Wuhan quarantines and normal manufacturing closures due to the Lunar New Year holiday, UPS Chief Executive David Abney said on Jan. 30. He did not specify how many flights cancellations were due to the virus.

VIETJET
Vietnam's Vietjet will suspend all flights to and from China from Feb. 1, the company said on Jan. 31. Vietnam Airlines will suspend some flights to China.

VIETNAM AIRLINES
Vietnam Airlines will suspend its flights to destinations in China next week over coronavirus concerns, the company said on Friday.

VIRGIN ATLANTIC
Virgin Atlantic said on Jan. 30 it would suspend its daily operations to Shanghai for two weeks from Feb. 2. It cited declining demand for flights and the safety of its customers and staff.

Wanna trash a country? Turn off its air traffic. Bu-bye China

If you thought you had some small losses guys here are in Red in tens of thousands
https://www.forexfactory.com/showthread.php?t=506246
Might make you feel better

Closing was pretty hyper up on Euro
I think very probable Euro comes down next week.Month closes are often strong one way or another.portfolio additions or dumping
China fears are legit concerns now. In ironic twist its like invading china without firing single shot.Destroying its economy capability by themselves doing.
Idiotic Mayer of town throwing a banquette for 40 k families while knowing virus was out there hence helping spreading.If this is not oxymoron I dont know what is.."lets throw a banquette for thousands pretending nothing is wrong"Chinese genius at work

100K loss for the day....

Not the worst part what's worse keep adding longs while Virus is spreading and effects getting bigger on Wall Street
We may have serious deflation on stocks

Yes, I saw that he was adding. When do you say, hey the market got away from me? I'll take a loss and start again when my criteria are met. That type of trading looks crazy to me.

Imagine holding that over the weekend...