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Pivot Trading

  • #34,961
  • Feb 26, 2020 10:48am Feb 26, 2020 10:48am
https://www.myfxbook.com/forex-econo...6-2020/1958185

not included on FF calendar.
Money is a part of what turns you into who you are.
  • #34,962
  • Feb 26, 2020 12:40pm Feb 26, 2020 12:40pm
Quoting koziolq
https://www.myfxbook.com/forex-econo...6-2020/1958185 not included on FF calendar.
https://abcnews.go.com/Politics/trum...ry?id=69228747

Let's see what this will bring us..
May the Force be with you.
  • #34,963
  • Feb 26, 2020 1:16pm Feb 26, 2020 1:16pm
We have some NZD news ahead. Will EN stay at orange? Probably not, I think it will go all the way up to green. When it does, maybe we will have nice selling opportunities.

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May the Force be with you.
  • #34,964
  • Feb 26, 2020 3:19pm Feb 26, 2020 3:19pm
Waiting on the sideline to see PA on EA. Patience and discipline is in full play here.

EU is making a recovery while AU continues its downtrend, and almost approaching its lowest level since 2008. In case that AU makes some correction, EA will follow. The only question now is when? Covid-19 continues to spook market esp commodity currencies but its affecting Italy already as well. If its true that the virus will start to fall off during the summer months, then we might see gradual decrease in the reported cases of infections and uptick in recoveries. It may take some time to be back to normal economic activity in China, thus AU and NZ following. We may not have to wait for that to happen for some upward movement to AU as anything can happen in the market, who knows. But most important thing here is to stay patient for the right opportunity to pops up and when it does, do not hesitate to hop in.

Btw, made 2 batches of good gains trading GN this week taking advantage of its obvious up and down movement, catching the highs at R38 and R78 which I patiently waited for the price to reach the level. Price is going up currently and we may see price between R78 and R100 which is another good place for shorts.

EG is another pair I'm already in, its at R61. In H4 its making an uptrend but on the daily it's still clearly on the downtrend, not making any higher high yet.
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Fortune favors the brave.
  • #34,965
  • Feb 26, 2020 4:21pm Feb 26, 2020 4:21pm
AUDJPY may bring in some trading opportunities by end of this week

AJ daily
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AJ 4 hour
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AJ 1 hour
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Best regards
  • #34,966
  • Feb 26, 2020 6:58pm Feb 26, 2020 6:58pm
Quoting MrAussieFX
AUDJPY may bring in some trading opportunities by end of this week AJ daily {image} AJ 4 hour {image} AJ 1 hour {image} Best regards
IF the AUD dollar can get any life.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #34,967
  • Feb 26, 2020 7:01pm Feb 26, 2020 7:01pm
MY FX trading sucks so far this week. I had 4 positions EA, UC, UNOK short and AC long. All four are negative. I cut my UC at the Oil Inventory report this morning at a small loss. I'm happy to be rid of it, and it turned out to be a wise choice. My Index trading is going awesome this week though. I wish I had piled more index shorts on I had quite a few, however I did have room for more. I'm happy with my results thus far though.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #34,968
  • Edited 7:32pm Feb 26, 2020 7:14pm | Edited 7:32pm
EU on an H1, UNOK on an H4. If you've never done a UNOK trade I enter with a 1000 pip stop and a 1000 pip limit and then adjust accordingly. from R78 to T1 is a 1,000 pip move.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #34,969
  • Edited 9:26pm Feb 26, 2020 8:41pm | Edited 9:26pm
How NOT to trade
Recognize PA and respect it.

Diary of the biggest arrogant FF loser Deltaone
Multi-million dollar loser!Please share HOW you really feel you ARE IN HALL OF FAME OF ff biggest LOSER NOW!
What happened to your elite education? Preparing you for situation just like this? I guess "peanut" traders did whole lot better! then you!
Its all Karma you reap what you sow.

good day,
decided to close all longs on dow yesterday @27.800 and switched of screen afterwards. big loss, no problem. costed me what market gave me the last few months. no reason to moan, it is like it is. still enough left to make it back, just a matter of time. don´t look back, look ahead.
cons to the bears - and good luck!

liar you didn't make 2.5-3 million you lost!last few months! Prove me wrong imbecile post your stats!
That's adding mindlessly trying to catch a falling knife then gets better
Post total loss asshole!
sl hit. -40
sl hit. -40
sl hit. -40
sl = -20
sl hit. -40
sl hit. -40
sl hit. -40
hit. -40
sl -40
sl = -20
sl = -40 .
sl hit. -20
sl hit. -60
sl hit. -60
sl hit. -20
sl hit. -20
sl hit. -60


sl = -40 now.
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In trading, you have to be defensive and aggressive at the same time
  • #34,970
  • Feb 26, 2020 8:45pm Feb 26, 2020 8:45pm
Quoting Davit
How NOT to trade Recognize PA and respect it. Dairy of the biggest arrogant FF loser Deltaone good day, decided to close all longs on dow yesterday @27.800 and switched of screen afterwards. big loss, no problem. costed me what market gave me the last few months. no reason to moan, it is like it is. still enough left to make it back, just a matter of time. don´t look back, look ahead. cons to the bears - and good luck! liar you didn't make 2.5-3 million you lost!last few months! Prove me wrong imbecile post your stats! That's adding mindlessly trying...
Nothing on this chart inspires buying. Only other largest weekly drop similar to this was back in Oct 2008.

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Trade with confidence, trade without fear.
  • #34,971
  • Feb 26, 2020 8:52pm Feb 26, 2020 8:52pm
Quoting Cryptosurf
{quote} Nothing on this chart inspires buying. Only other largest weekly drop similar to this was back in Oct 2008. {image}
Joke of a trader!Poster boy of WHAT NOT TO DO!
In trading, you have to be defensive and aggressive at the same time
  • #34,972
  • Feb 26, 2020 8:58pm Feb 26, 2020 8:58pm
Hi guys
sorry had little fun with my old foe DeltaASS . Reduced EA positions by 25%
Lets see how it goes from this point on.
In trading, you have to be defensive and aggressive at the same time
  • #34,973
  • Feb 26, 2020 9:00pm Feb 26, 2020 9:00pm
Quoting Davit
Hi guys sorry had little fun with my old foe DeltaASS . Reduced EA positions by 25% Lets see how it goes from this point on.
Couldn't be any worse then buying the DOW.....all the way down ¯\_(ツ)_/¯
Trade with confidence, trade without fear.
  • #34,974
  • Edited 9:38pm Feb 26, 2020 9:05pm | Edited 9:38pm
Quoting Cryptosurf
{quote} Couldn't be any worse then buying the DOW.....all the way down ¯\_(ツ)_/¯

"I need a cigarette" after -3 mil "I need a drink and out of cigarettes with shaking hands"

Deltaone we really like you please come here and post your TOTAL LOSS
Love to make a plaque dedicated to you!

As this fool loves praising himself its only more fun posting it.Often loves saying "Deltaone second to none!"
Right exactly Nobody here bought DOW from 29 all the way to 2780 then some more You are SECOND TO NONE!for SURE!
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In trading, you have to be defensive and aggressive at the same time
  • #34,975
  • Feb 26, 2020 11:49pm Feb 26, 2020 11:49pm
Quoting Romanov102
MY FX trading sucks so far this week. I had 4 positions EA, UC, UNOK short and AC long. All four are negative. I cut my UC at the Oil Inventory report this morning at a small loss. I'm happy to be rid of it, and it turned out to be a wise choice. My Index trading is going awesome this week though. I wish I had piled more index shorts on I had quite a few, however I did have room for more. I'm happy with my results thus far though. {image} {image} {image} {image}
More or less same as you apart the fact I don't trade index.

My biggest mistake in hindsight has been not to close AC for a profit I didn't consider adequate, e.g. greed went into play.
Now managing DD on this and other open positions as well, that's part of trading.
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Porta itineris dicitur longissima esse
  • #34,976
  • Feb 27, 2020 12:14am Feb 27, 2020 12:14am
Quoting bubincka
{quote} More or less same as you apart the fact I don't trade index. My biggest mistake in hindsight has been not to close AC for a profit I didn't consider adequate, e.g. greed went into play. Now managing DD on this and other open positions as well, that's part of trading. {image}
I'm in deep drawdown too, and also in other A longs, but everything is under control, at the moment.
In the meanwhile probabilities for a cut rate for 18th March are higher day after day.
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Give me a lever long enough and a place to stand, and I will move the Earth
  • #34,977
  • Feb 27, 2020 12:49am Feb 27, 2020 12:49am
Quoting OnlineAddict
Many people will short EURxxx pairs due to the panic...so I guess the banks will do the opposite, to make some bonus cash.
Quoting OnlineAddict
Retail will start shorting now...banks may start shorting few hundred pips higher...when the numbers actually start coming in, because now we only have assumptions. "Buy the rumor, sell the fact" EDIT: Citibank just recommended to sell EU at 850, with a SL at 1010...so you know whats the real target.
Could be happening soon. 1050-1100 first area to short.
Everyone can see the chart, but only a few can actually read it.
  • #34,978
  • Feb 27, 2020 12:54am Feb 27, 2020 12:54am
Quoting Romanov102
I had a notification pop up in my sidebar yesterday stating my version of windows 10 needed updating. I figured I'd postpone it until the weekend . My computer is only 7 months old. Well this morning I woke up and my trading platform was frozen and I had to reboot my computer it took over 1 1/2 hours right at prime time this morning. Lesson here, always have a backup plan if possible: power outage, computer not working, lost internet. Fortunately I have Trading Station and MT4 on my other computer so I can monitor things , If I lost internet I can...
Winning 2/3 of your trades is excellent. Last April with proper money management I only had a 40% winning trades and still managed to earn over $3,000 for the month. Unknown to most people some old CPUs are better than newer ones. I trade with an Alienware that I bought in 2013 with a i7-4910MQ CPU and it's still faster than most computers
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  • #34,979
  • Feb 27, 2020 1:43am Feb 27, 2020 1:43am
Taking on a little water with EA shorts, but manageable....Closed shorts on GN, maybe prematurely but happy taking profits in lieu of the current market conditions
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  • #34,980
  • Feb 27, 2020 1:54am Feb 27, 2020 1:54am
Quoting langtoni
....Closed shorts on GN, maybe prematurely but happy taking profits in lieu of the current market conditions {image}
I did the same mistake on GN (one more time).
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Porta itineris dicitur longissima esse
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