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Pivot Trading

  • #34,541
  • Feb 12, 2020 7:10am Feb 12, 2020 7:10am
Quoting Davit
{quote} dont think its ready to short yet. Not in the zone and there is that gap {image}
Recovered my DD on this from 2 weeks ago and added positions with profit I wasn’t prepared to let go. How many weeks can price be in outer levels without retracing?
  • #34,542
  • Feb 12, 2020 8:44am Feb 12, 2020 8:44am
Canadian government bond yields rose across a steeper yield curve in sympathy with U.S. Treasuries on Wednesday. The 10-year yield was up 1.7 basis points at 1.376%, reaching 1.395 having touched its highest intraday level since Feb. 6. Now at 1.382%.

It means, good for those on board of Short UC., since CANADA FX DEBT-Canadian dollar climbs to one-week high as virus fears has been reduced.

  1. Canadian dollar rises 0.2% against the us$
  2. Price of U.S. oil increases
  3. Canada 10-yr yield hits near one-week high at 1.382%.

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  • #34,543
  • Feb 12, 2020 9:06am Feb 12, 2020 9:06am
Quoting 1pipperhour
{quote} Could work but it has fallen over a week straight ... I believe we see lower levels maybe this week already, near S100, this is what I'm looking at. Lagarde speaking later today. Not to mention EC has a killer swap for long, not good for a long hold.
EC near historical support.

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  • #34,544
  • Feb 12, 2020 9:43am Feb 12, 2020 9:43am
In the end I closed my UC short at 3260 after Crude Oil Inventories came out much greater than forecast.

However CAD seems to gain despite bad data, for me it's a good profit banked.
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Porta itineris dicitur longissima esse
  • #34,545
  • Feb 12, 2020 10:35am Feb 12, 2020 10:35am
Quoting bubincka
In the end I closed my UC short at 3260 after Crude Oil Inventories came out much greater than forecast. However CAD seems to gain despite bad data, for me it's a good profit banked. {image} {image}
Its never wrong to bank but there is such a thing as early.
In trading, you have to be defensive and aggressive at the same time
  • #34,546
  • Feb 12, 2020 10:58am Feb 12, 2020 10:58am
Quoting Davit
{quote} Its never wrong to bank but there is such a thing as early.
Totally agree.

It happens frequently to me therefore I have an issue here, must work harder on that.
Porta itineris dicitur longissima esse
  • #34,547
  • Feb 12, 2020 11:12am Feb 12, 2020 11:12am
Quoting bubincka
In the end I closed my UC short at 3260 after Crude Oil Inventories came out much greater than forecast. However CAD seems to gain despite bad data, for me it's a good profit banked. {image} {image}
sometimes I prefer to close a little early with the intention of re-entering on the pullback.
Sometimes it works.
I took @ 3270.
3270 to 3243 is about 33 pips.
when I have a chance to re-enter, I can make more pips in the same range.
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  • #34,548
  • Feb 12, 2020 11:54am Feb 12, 2020 11:54am
Hey guys , I caught the short trade on USD/CAD , like many of you.
Despite the massive build of Crude , the UC kept falling.
Wondering if this massive crude build is actually a BIG NEGATIVE for the USD since the US is now a net exporter of oil. This should negatively affect the US GDP going forward , in a perfect world.
Very interested in the US News on Thursday and Friday of this week.

Would really like to see a pullback to 1.3251 (S38) since I exited at 1.3242.
I am still getting out of profitable trades early , GEEZ !!!!
Excellent day though !!!!!

Green Pips To All ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #34,549
  • Feb 12, 2020 12:04pm Feb 12, 2020 12:04pm
WATCH LIVE: WHO briefing on the coronavirus at 18:00 GMT / 13:00 ET.
Inserted Video
  • #34,550
  • Feb 12, 2020 12:14pm Feb 12, 2020 12:14pm
floating 1.5% DD
looking forward to shed this as well
In trading, you have to be defensive and aggressive at the same time
  • #34,551
  • Feb 12, 2020 12:35pm Feb 12, 2020 12:35pm
“It never ceases to amaze me: we all love ourselves more than other people, but care more about their opinion than our own.”
― Marcus Aurelius, Meditations
In trading, you have to be defensive and aggressive at the same time
  • #34,552
  • Feb 12, 2020 1:30pm Feb 12, 2020 1:30pm
Looking for opportunities to buy the Euro. Eyes peeled open. Especially E/A. lets wait for whats Lowe has to say. Happy trading
  • #34,553
  • Feb 12, 2020 1:49pm Feb 12, 2020 1:49pm
Quoting RieseP
Looking for opportunities to buy the Euro. Eyes peeled open. Especially E/A. lets wait for whats Lowe has to say. Happy trading
Agree, but I think we have to wait!
  • #34,554
  • Feb 12, 2020 4:36pm Feb 12, 2020 4:36pm
I'm long EA 1,6139 and EU 1,0874 right now. I awaiting a correction to the upside.
  • #34,555
  • Feb 12, 2020 5:43pm Feb 12, 2020 5:43pm
https://gisanddata.maps.arcgis.com/a...23467b48e9ecf6

let's look at this graph tomorrow.
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  • #34,556
  • Feb 12, 2020 10:42pm Feb 12, 2020 10:42pm
I like this pair USD/NOK. What I like about it is for the most part is there are very few news releases on Norway. They have a Triple A credit rating. It's a very similar trade to UC as their economy has lots of OIL and GAS, just less noise as we only have to deal with USD news events on most occasions and the price of oil. There are the occasional Norway news release so its similar to a UC trade with just less noise in the form of news releases on one third of the equation. I'm in a short on it now.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #34,557
  • Edited 11:13pm Feb 12, 2020 11:02pm | Edited 11:13pm
Quoting Romanov102
I like this pair USD/NOK. What I like about it is for the most part is there are very few news releases on Norway. They have a Triple A credit rating. It's a very similar trade to UC as their economy has lots of OIL and GAS, just less noise as we only have to deal with USD news events on most occasions and the price of oil. There are the occasional Norway news release so its similar to a UC trade with just less noise in the form of news releases on one third of the equation. I'm in a short on it now. {image} {image}
50pips spread? 755 ADR wow
get this wrong and costly mistake
PA is bullish now

Based on spread alone I dont see why the attraction. 1 lot is immediately -500 just getting in.Which if your account is tight this is not the right way to grow it.
In trading, you have to be defensive and aggressive at the same time
  • #34,558
  • Feb 12, 2020 11:09pm Feb 12, 2020 11:09pm
Long EG now
Should see minimum 8430 by Friday or more. I think Euro got spanked too hard needs correction
In trading, you have to be defensive and aggressive at the same time
  • #34,559
  • Feb 12, 2020 11:18pm Feb 12, 2020 11:18pm
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We obey the structure that results from the market's reaction
  • #34,560
  • Edited Feb 13, 2020 5:19am Feb 12, 2020 11:36pm | Edited Feb 13, 2020 5:19am
Quoting ppxdf
https://gisanddata.maps.arcgis.com/a...23467b48e9ecf6 let's look at this graph tomorrow. {image}

unfortunately when you click on this link https://gisanddata.maps.arcgis.com/a...23467b48e9ecf6
and When you see numbers like this, you have a clear and realist scenario what market is doing.
they move to risk-off trades, which means buy the yen and sell stocks,"
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take a look Tokyo Stock Price Index going down,
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and Japanese YEN as green again
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new cases increasing
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