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Pivot Trading

  • #34,501
  • Feb 11, 2020 12:43pm Feb 11, 2020 12:43pm
Quoting RieseP
{quote} Got my eyes on this.... waiting for confirmation
It will work, it takes time!!!
  • #34,502
  • Feb 11, 2020 1:00pm Feb 11, 2020 1:00pm
Quoting Davit
These guys are wasting time with idiotic questions.Feds have done good job and economy is in good shape rest is just noise until there is something significant happens such as increasing unemployment reason to cut rates and global China issues effecting US.Other then that its just wasting time.Nothing here to listen much Lets see if EU GU UC gain they are overkilled On UC and has the best potential to go 32 and below by end of the month rates being the same there is no swap charge or small amount.
For us whether the economy is good or not so good we make money when assets go up or down. On the other hand, for workers the economy is not that great because of a loss of purchasing power according to factcheck.org although this wasn't explicitly stated. This is because the CPI increased by 6% since President Trump was elected while wage increase has only been 2.5%.
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  • #34,503
  • Feb 11, 2020 1:15pm Feb 11, 2020 1:15pm
closed another UJ
each drip fills the bucket
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In trading, you have to be defensive and aggressive at the same time
  • #34,504
  • Feb 11, 2020 1:21pm Feb 11, 2020 1:21pm
waiting CJ to drop WP for possible long trades
UJ may break after Powell tomorrow.That's a good thing creating trades.
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In trading, you have to be defensive and aggressive at the same time
  • #34,505
  • Feb 11, 2020 1:45pm Feb 11, 2020 1:45pm
Quoting RieseP
{quote} Got my eyes on this.... waiting for confirmation
You are not going to confirm anything until this.This kind of thinking process should be automatic on pro level trading why we go over the calendar.
Should RNBZ cut the rate (being ahead of the virus effect) this could jump another 100pips north.Are you willing to take the risk now? NOT me.
bigger trajectory is north.
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In trading, you have to be defensive and aggressive at the same time
  • #34,506
  • Feb 11, 2020 1:57pm Feb 11, 2020 1:57pm
Quoting Davit
{quote} You are not going to confirm anything until this.This kind of thinking process should be automatic on pro level trading why we go over the calendar. Should RNBZ cut the rate (being ahead of the virus effect) this could jump another 100pips north.Are you willing to take the risk now? NOT me. {image}
Exactly my thinking. This can shoot up to R138-R161 before it finds its true resistance. Looking at EA aswell but wait until Thursday. Im fine tuning my approach and will only focus on small number of pairs but will hit them hard when the time and location is right. Sniper mode full effect. Sitting on my hands. That's why i chose to sit out last week due to coronavirus. This is learning process when we have unnecessary DD. Yes DD is essential but can we improve on this without using up margin. Its a a journey not a destination
  • #34,507
  • Feb 11, 2020 2:32pm Feb 11, 2020 2:32pm
Social liberals
Take money from rich give it to poor.Wait that sounds just like what Lenin said in 1917 bolshevik revolution and we know how that went including starving Cuba and Venezuela now.
If I worked all my life building wealth I sure dont want to bail out someone seating on the couch watching netflex and eating potato chips and whining there are no jobs! Yes there are Jobs! all fail drive a fking UBER
Liberals are so out of touch with reality that bugles the mind. You can't take capital from very same source that creates jobs and opportunities.This has been proven over and over. Take from rich give to poor is terrible idea.What's better idea instead of creating government hand out dependency motivate poor for self determination to succeed.Nobody was motivated in soviet union! How I know it? I lived there!Nobody cared...why it collapsed
In trading, you have to be defensive and aggressive at the same time
  • #34,508
  • Feb 11, 2020 2:48pm Feb 11, 2020 2:48pm
Quoting Davit
{quote} You are not going to confirm anything until this.This kind of thinking process should be automatic on pro level trading why we go over the calendar. Should RNBZ cut the rate (being ahead of the virus effect) this could jump another 100pips north.Are you willing to take the risk now? NOT me. bigger trajectory is north. {image} {image}
Well Davit, I' m not a pro Level Trader. I' m checking the calender as some others do. And I take the Risk!!!
  • #34,509
  • Feb 11, 2020 2:53pm Feb 11, 2020 2:53pm
Quoting renkotop
{quote} Well Davit, I' m not a pro Level Trader. I' m checking the calender as some others do. And I take the Risk!!!
That's perfectly fine each trade their money as they see fit.I am just another forum member.Market can prove me wrong anytime.
In trading, you have to be defensive and aggressive at the same time
  • #34,510
  • Feb 11, 2020 2:55pm Feb 11, 2020 2:55pm
Quoting Davit
{quote} That's perfectly fine each trade their money as they see fit.I am just another forum member.Market can prove me wrong anytime.
What means " I am just another Forum member"?
  • #34,511
  • Feb 11, 2020 2:56pm Feb 11, 2020 2:56pm
Quoting renkotop
{quote} What means " I am just another Forum member"?
means my opinion is irrelevant what matters what market does.I just think in probabilities.5yrs ago I would of taken this trade but not now.Its my own evolutionary growth as a trader.Again I could be wrong but that's not the factor.Factor is given 10 times same set up how many of those could be winners or losers? That's how my mind works now.

Given Coronavirus effects its not ruled out rate cut.I rather stay on sidelines on this.Always another trade that has better probabilities on the corner.
In trading, you have to be defensive and aggressive at the same time
  • #34,512
  • Feb 11, 2020 3:05pm Feb 11, 2020 3:05pm
Quoting Davit
{quote} means my opinion is irrelevant what matters what market does.I just think in probabilities.5yrs ago I would of taken this trade but not now.Its my own evolutionary growth as a trader.Again I could be wrong but that's not the factor.Factor is given 10 times same set up how many of those could be winners or losers? That's how my mind works now.
Dear Davit, you might be Right. Future will Show.
I' m a more or less a aggressive Trader and I have at the Moment good free margin. I know it is risky to take the trade!!!
  • #34,513
  • Feb 11, 2020 3:07pm Feb 11, 2020 3:07pm
Quoting renkotop
{quote} Dear Davit, you might be Right. Future will Show. I' m a more or less a aggressive Trader and I have at the Moment good free margin. I know it is risky to take the trade!!!
If you are already in it good luck!
In trading, you have to be defensive and aggressive at the same time
  • #34,514
  • Feb 11, 2020 3:09pm Feb 11, 2020 3:09pm
The expectations are that the RBNZ will stay on hold.

So, with a hold the most likely outcome, the focus will shift on to the forward guidance from the RBNZ. The NZD has been losing value against the AUD over recent days and there is a belief that New Zealand will be hit harder than Australia if/when the coronavirus impact grows. The thinking is that New Zealand is more vulnerable to the virus as trade makes up about 60% of New Zealand's economy compared to around 40% of Australia's economy. Tourism in New Zealand amounts to just under 6% of the economy, while Australia's tourism is around 3%.

So, when the rate statement is released, the market focus will be on the forward guidance. If we get a dovish tilt, remember the BNZ and the ANZ GDP reductions:
However, the outlook for New Zealand is tempered somewhat by the coronavirus outbreak expected to weigh on GDP figures. Both ANZ and BNZ have cut their growth forecasts for New Zealand's GDP projections
  • #34,515
  • Feb 11, 2020 3:12pm Feb 11, 2020 3:12pm
Quoting Davit
{quote} means my opinion is irrelevant what matters what market does.I just think in probabilities.5yrs ago I would of taken this trade but not now.Its my own evolutionary growth as a trader.Again I could be wrong but that's not the factor.Factor is given 10 times same set up how many of those could be winners or losers? That's how my mind works now. Given Coronavirus effects its not ruled out rate cut.I rather stay on sidelines on this.Always another trade that has better probabilities on the corner.
With regard to Coronavirus the News are silent at the Moment. My serious fear is that this Virus is going to be transferred to Africa an then the whole world has a serious Problem. News are not Talking About this at the Moment.

My native language is German and so it is difficult to translate my real expressions….

Best regards,
renko
  • #34,516
  • Feb 11, 2020 3:28pm Feb 11, 2020 3:28pm
Hey Davit,

I am an uber driver. Also potato chip eater but not so much netflix. I'm short on UC now, watching AN for reaction to 5pm PST rate announcement and statement. It looks like it will remain at 1%, an only 10% chance of rate cut but likely dovish language that might see AN move up to R100 or R138. We shall see soon!

Also up 11% this month so far. No whiners here.
  • #34,517
  • Feb 11, 2020 4:03pm Feb 11, 2020 4:03pm
Quoting Davit
Social liberals Take money from rich give it to poor.Wait that sounds just like what Lenin said in 1917 bolshevik revolution and we know how that went including starving Cuba and Venezuela now. If I worked all my life building wealth I sure dont want to bail out someone seating on the couch watching netflex and eating potato chips and whining there are no jobs! Yes there are Jobs! all fail drive a fking UBER Liberals are so out of touch with reality that bugles the mind. You can't take capital from very same source that creates jobs and opportunities.This...
I'd drive a Fking Uber for extra cash! I actually have a couple of applications into a few driving apps, however our Cockroach Socialist Provincial government keeps dragging their ass giving the green light for these companies to start working here. They've been in power for 3 years and one of their election promises was to have Uber and other apps up and running in the first year. Surprise! Surprise!
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #34,518
  • Edited 6:21pm Feb 11, 2020 5:33pm | Edited 6:21pm
UC

Bearish rejection candle off R38 and multi week resistance at daily TF. Showing some cracks. Will hold and add more positions.

Red US data later this week would help.
Fortune favors the brave.
  • #34,519
  • Feb 11, 2020 7:05pm Feb 11, 2020 7:05pm
Quoting renkotop
First short for AN on the way!!! {image}
Time for a TP???
  • #34,520
  • Feb 11, 2020 7:09pm Feb 11, 2020 7:09pm
Quoting Skracor247
{quote} Time for a TP???
it could be going back to range 103-4 look at the daily
I'm waiting for a reload
I will get my head around this, but always can be wrong
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