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Pivot Trading

  • #34,321
  • Feb 5, 2020 2:55am Feb 5, 2020 2:55am
Quoting 1pipperhour
{quote} Holding mine... started at.6350. Even have room to add more. Looks really cheap at this level. Quite confident about it but sure market can hand my ass over to me. Overall DD is somewhere at 3.5%.
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  • #34,322
  • Feb 5, 2020 4:04am Feb 5, 2020 4:04am
EA you beauty.....always keep the faith.....PATIENCE
  • #34,323
  • Feb 5, 2020 4:27am Feb 5, 2020 4:27am
Before New York session close, we have today some FX option expiries.
EU might move from 1.10 to 1.11
EUR/USD: 1.1000-15 (400M), 1.1050 (630M), 1.1065-70 (470M), 1.1085-90 (370M), 1.1100 (350M)
GBP/USD: 1.2975 (637M), 1.3000 (370M)
EUR/GBP: 0.8500 (210M), 0.8675 (450M)
AUD/NZD: 1.0315 (400M), 1.0525 (400M)
AUD/USD: 0.6700 (1BLN), 0.6800 (620M)
NZD/USD: 0.6560 (340M), 0.6575 (410M)
USD/CAD: 1.3170-80 (1.1BLN), 1.3375 (350M)
USD/JPY: 108.45-50 (1.1BLN), 109.00-10 (2.6BLN)
EUR/JPY: 121.00 (390M)
EUR/NOK: 10.26 (550M)
  • #34,324
  • Edited 5:11am Feb 5, 2020 4:58am | Edited 5:11am
Hello World !!,
don't be afraid. just take Abidol and Darunavir against coronavirus and plz keep calm until some options close at the contract price and put aud on top again. lol

seriously now.
China’s Changjiang Daily, the official newspaper of the city of Wuhan where the virus outbreak began, reported on Tuesday that a team of researchers led by Zhejiang University professor Li Lanjuan have found that drugs Abidol and Darunavir can inhibit the virus in vitro cell experiments.
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  • #34,325
  • Feb 5, 2020 5:35am Feb 5, 2020 5:35am
Quoting langtoni
EA you beauty.....always keep the faith.....PATIENCE
yep its a beauty for sure not my work but I like it
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In trading, you have to be defensive and aggressive at the same time
  • #34,326
  • Feb 5, 2020 5:43am Feb 5, 2020 5:43am
Quoting ppxdf
Hello World !!, don't be afraid. just take Abidol and Darunavir against coronavirus and plz keep calm until some options close at the contract price and put aud on top again. lol seriously now. China’s Changjiang Daily, the official newspaper of the city of Wuhan where the virus outbreak began, reported on Tuesday that a team of researchers led by Zhejiang University professor Li Lanjuan have found that drugs Abidol and Darunavir can inhibit the virus in vitro cell experiments. {image}
Didn't even take a week ... not to mention a year ...
  • #34,327
  • Edited 6:02am Feb 5, 2020 5:45am | Edited 6:02am
Quoting ppxdf
close my long AN also. risk. despite that we know will be 80% chance cut rate. very soon market is ahead. probably already have that cut priced.
I am trying to understand you mean Aussie cut or NZD
I dont expect anymore cuts on Aussie rest of the year.Its already historical low and AU below 68 is already cheap.Fires and Conoravirus may or may not have an impact and I suspect may not.
https://www.bloomberg.com/news/artic...s-over-economy
If you think some banks predictions are somehow accurate most not!I remember reading a PDF on bank's(cant remember which) prediction of AU at 76 last year! Could not have been more wrong.I Stopped reading anything other then what central banks say and think only relevant source RBA

On that note
"Economic data supported the case for the RBA to pause and wait for further details on how rate cuts last year were working their way through the economy, and how badly current shocks have derailed the economy’s ‘gentle turning point"
makes perfect sense wait to see how rate cuts effects economy from last year.Anyway I could be wrong but I noticed you get carried away by reading lot of material that at best just speculation.
In trading, you have to be defensive and aggressive at the same time
  • #34,328
  • Feb 5, 2020 6:08am Feb 5, 2020 6:08am
GC at cross roads UP WP or go back down
longer term this should be below 70 keep in mind CAD will range until Friday data
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In trading, you have to be defensive and aggressive at the same time
  • #34,329
  • Feb 5, 2020 6:19am Feb 5, 2020 6:19am
If you thought Art or Artists not analytical well think again....Just drawing a battle not the way I work but this guy is fascinating
I bet there is a geometry teacher somewhere going WTF?
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In trading, you have to be defensive and aggressive at the same time
  • #34,330
  • Feb 5, 2020 6:23am Feb 5, 2020 6:23am
Took the GC
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In trading, you have to be defensive and aggressive at the same time
  • #34,331
  • Feb 5, 2020 6:35am Feb 5, 2020 6:35am
Leonardo was aware of the geometry and studied it well and applied it to drawing.The guy on video I posted is not off the mark.Interesting that Golden ratio was known to Leonardo and centuries of artists before him.Greeks Babylonians Egyptians Hindus all knew it.
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In trading, you have to be defensive and aggressive at the same time
  • #34,332
  • Feb 5, 2020 6:43am Feb 5, 2020 6:43am
What we think pretty is inherently based on Golden ratio.When its not we also inherently think its ugly but may not know it why....

So Fib Pivots are more then what you think.Its inherently has the EDGE through centuries of execution in arts Architecture,Math, Geometry natural shapes stars formations etc.
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In trading, you have to be defensive and aggressive at the same time
  • #34,333
  • Feb 5, 2020 6:49am Feb 5, 2020 6:49am
Our friend here DiamondMiner has a valid view on Fib fan measurements
In trading, you have to be defensive and aggressive at the same time
  • #34,334
  • Feb 5, 2020 7:14am Feb 5, 2020 7:14am
There were a lot of pairs that fit my preferred setup. Those that ended last week stretched into the 78-100+ zones and failed the 38-61 on the new week.

Some so far:
AUDCAD
AUDJPY
AUDUSD
CADJPY
EURAUD
EURCAD
EURNZD
GBPAUD
GBPCAD
GBPNZD
NZDCAD
NZDJPY
NZDUSD
USDJPY
XAUUSD
Trade with confidence, trade without fear.
  • #34,335
  • Feb 5, 2020 7:18am Feb 5, 2020 7:18am
Golden ratio in action. Check out this website for some more amazing images using fib calculations. https://www.rafael-araujo.com/
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  • #34,336
  • Edited 7:50am Feb 5, 2020 7:33am | Edited 7:50am
Quoting Davit
{quote} I am trying to understand you mean Aussie cut or NZD I dont expect anymore cuts on Aussie rest of the year.Its already historical low and AU below 68 is already cheap.Fires and Conoravirus may or may not have an impact and I suspect may not. https://www.bloomberg.com/news/artic...s-over-economy If you think some banks predictions are somehow accurate most not!I remember reading a PDF on bank's(cant remember which) prediction of AU at 76 last year! Could not have been...
my comments was because on Tue Feb 11 we have Official Cash Rate for New Zealand.
i see on reuters that reserve bank of new zealand made revision on that polls, that 12 analyst (breakdown of 15 forecast) should vote for cut rate from 1% to 0.80%
I was not sure if market already considering that eventual cut.
If cut, nzd might spike down, and our AZ long could continue go north. right?
  • #34,337
  • Feb 5, 2020 7:43am Feb 5, 2020 7:43am
Quoting ppxdf
{quote} my comments was because on Tue Feb 11 we have Official Cash Rate for New Zealand. i see on reuters that reserve bank of new zealand made revision on that polls, that 12 analyst (breakdown of 15 forecast) should vote for cut rate from 1% to 0.80% I was not sure if market already considering that eventual cut. If cut, nzd might spike down, and our AZ long could continue go north. right? {image}
I was not sure your comment was on RBNZ. RBNZ has been kind of comfortable specially after large liquidity influx into their banks.Not sure if they will cut.

Looks like extremely green ADP market is not buying!Seems too good...
In trading, you have to be defensive and aggressive at the same time
  • #34,338
  • Feb 5, 2020 7:47am Feb 5, 2020 7:47am
Quick 30min job
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In trading, you have to be defensive and aggressive at the same time
  • #34,339
  • Feb 5, 2020 7:59am Feb 5, 2020 7:59am
UJ has failed multiple times breaking above 110 something to be aware of. You may not short UJ but if Yen gains look at the Yen crosses they may move faster
USD likely remain strong until NFP results
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In trading, you have to be defensive and aggressive at the same time
  • #34,340
  • Feb 5, 2020 8:01am Feb 5, 2020 8:01am
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We obey the structure that results from the market's reaction
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