Pivot Trading

No , however I do have some draw down though. Actually working on getting as fit as possible I've been cycling and doing weights. I've worked up to 25 Km a day now. Weather is getting nicer, I hope to start going out with my bike soon. I have a Rocky Mountain 29er. Nice bike, I got it in a divorce sale as couple of years ago in like new condition it still had the tits on the tires. 29 was the theme for the bike. It was their 29th Anniversary it has a 29" frame, 29 speeds, 29" wheels, and it weighs 29 lbs. Here's a couple of Charts: AC and GU. I really don't have much hope for either one of these AUD has flat lined might have to break out the paddles and shock it. I thought we might have seen some PA with that 2 Billion dollar option expiry, however nothing it just kept dropping.

Wasn't much lucky with the entry either...but I sleep through asian session. I am not much worried, though...still a good entry.

Just floating here waiting for the winds to change

So far , FANTASTIC WEEK with the UC !!
Crazy couple of hours yesterday with a sudden spike down to strengthen the CAD , then , suddenly an equally massive reversal to strengthen the USD just as oil was on it's way to poke it's head above $54.00 bbl-----ACCOUNT MANAGEMENT allowed me to easily survive the spike , THANKS TO THE TEACHINGS ON THIS FORUM !!!

YOU GUYS ARE A WEALTH OF INFORMATION AND IT'S A WONDERFUL OPPORTUNITY TO BE ABLE TO INTERACT WITH BRILLIANT TRADERS.

Pivot Point Trading by Davit-----BEST ON THE WEB-----PERIOD.

Let's nail these green pips today !!!!
GE

I took some longs NC

For me it's heavy DD on my AC long.

And it's getting worser, could be the time to take some partial losses on it.

Made some profits this week and no margin left to trade. Managing DD.

Yes, now smashed WR100.

It's trading at pre-Brexit levels, the point here is endless weakness of AUD too dependent to China currency and issues.

Before taking any further position in AUD I'd prefer to see some positive fundamental driver, next in time are CNY Manufacturing PMI end of February and Cash Rate + RBA Statement on Tue March 3 followed by GDP on March 4.

EDIT: More or less the same considerations apply to GN short opportunity.

Nail in the coffin for EUR,
I'm selling EURNZD,EURAUD.
With EURUSD below pivot.
Look at all that green data for USD.
EUR has a lot off revised numbers down..... with the big contributor Italy just pushing EUR down.
GBP is just to green for me.Maybe a correction somewhere?

I know why USD has green data .. Look at this article on a Dutch news website

Sex toy shortage is threatened by coronavirus

19 Feb 2020, 14:55

People who are anxiously waiting for a pleasure package with an erotic twist can just come home from a cold fair in April. The corona virus has paralyzed a large part of the production of sex toys. EDC Retail, a major player in the world of online eroticism, fears a major shortage of sex toys. “The production is only a third of what it is normal. The production of items such as vibrators, butt plugs and erotic games, as well as packaging, is stagnating, ”says director of EDC Retail Eric Idema.

Transport by sea container
Also the delivery of the spicy toy is enormously delayed by the corona virus. “The Chinese trade is largely flat. Sex toys are transported by sea container, a journey of approximately six weeks. But a lot is not being transported at the moment. "
Transporting toys quickly to Europe via air is also not a feasible card, according to Idema. "Air freight has become five times more expensive because of the corona virus."

Extra supplies of sex toys
Although China is the most important country in the world for the production of sex toys, there is still no reason to panic for enthusiasts. “We are three weeks behind schedule. We are not yet in trouble, but we have to pay attention, "says Inema. The director emphasizes that he is trying to prevent a lack of erotic toys, "To minimize adverse effects, we recently purchased additional supplies from suppliers in America and Europe."

Source: https://www.hartvannederland.nl/nieu...r-coronavirus/ (in Dutch)

The current drop in stock indices in all trading floors of the world, following the US stock market, is an excellent opportunity to evaluate a tool to demonstrate the behavior pattern of investors (FX & etc) , which is called “risk-On, risk -Off
when we have S&P 500, US30Y (Bonds 30-Yr Yield) , DXY (Dollar Index) and also Gold in the same graphic, rebasing them to Base Value = 0 result a very good instrument to monitor the current sentiment of the Market.

As I trade only the currencies associated with commodities, it becomes a little easier to understand if the market is Risk-OFF or Risk-On, simply by placing all these pairs on the same basis, as I have posted here, sometimes.

I have been looking at Equities in groups, Asia, America and the Middle East to see if there is a positive or negative across-the-board behavior.
What I don't know exactly (and here I ask for your collaboration) is to define a parameter or a kind of LEGEND,

which can tell us with precision if the market is:

EXTREME RISK ON
SOLID RISK ON
EXTREME RISK OFF
SOLID RISK OFF


Here is a prototype of the legend that I ask for your collaboration to improve this.


S&P 500, US30Y (Bonds 30-Yr Yield) , DXY (Dollar Index) and GOLD
21/FEB/2020 @23:50 gmt time

prototype idea. have to be improved.

Attached Image (click to enlarge)

You need to stay calm

I'll have my fun later when it implodes!

EA should drop to 62 and below very soon and with +swap load it up now
dont fear Euro is broken camel I placed every margin whatever left on this short
You dont get 6360 often (Its just my opinion you own your trades)

should get lot more interesting after Flash Manufacturing PMI USD

AU Deep Crab H4

US Flash looks bad. Hope we all have fun with UJ shorts
And C shorts are perfect as well!!!

Out of UJ at last.
Edit - it wasn't pretty but needs must....

Loaded more on EA

I was in DD on EA north, got out at WPP, then it continued for another 100 pips. I was going conservative. Now it is looking good for another move south. Swaps are much better also. Im with you on that Davit. And thanks!