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Pivot Trading

  • #35,141
  • Mar 4, 2020 10:46am Mar 4, 2020 10:46am
Quoting Davit
some optimism. Dont think this was posted at FF news Inovio Pharmaceuticals set to trial Covid-19 vaccine in April https://www.pharmaceutical-technolog...cine-timeline/ Could be why market is slowly buying up AUD NZD
Optimism 2 with http://www.ipharminc.com/brilacidin-1
  • #35,142
  • Mar 4, 2020 10:54am Mar 4, 2020 10:54am
Quoting 1pipperhour
Anyone planning to trade BOC rate cut today? Personnaly watching GC and NC short term longs.
Took some small longs on both.
  • #35,143
  • Mar 4, 2020 10:59am Mar 4, 2020 10:59am
Quoting rosalieone
{quote} Optimism 2 with http://www.ipharminc.com/brilacidin-1
Do you know how Long it takes to sell such a Kind of product?
  • #35,144
  • Mar 4, 2020 11:18am Mar 4, 2020 11:18am
Quoting Davit
Armenia’s 5-star care for quarantined citizens makes global headlines YEREVAN, MARCH 3, ARMENPRESS. Posh suites and a luxury hotel – these are the conditions that the Armenian authorities have provided for the 32 quarantined direct contacts of the first novel coronavirus patient. The direct contacts are quarantined at the Tsakhkadzor resort town’s previously defunct Golden Palace five-star hotel. PM Nikol Pashinyan had earlier said that those quarantined must be treated “like we would like our families...

Davit , the US and Canada should follow Armenia's lead. Excellent display of proper healthcare contingency plans.
Sincerely ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #35,145
  • Mar 4, 2020 12:21pm Mar 4, 2020 12:21pm
Some updates of coronavirus in Italy

Infections are growing quickly. Now the number is 3089 with 107 deaths. Total recovered people are growing too, but not quick as new infected people.
Schools and Universities in every city are closed until at least the middle of March.
The most important economic data: 7 potential billion of Euros lost between March and May 2020 with an estimated of 31 million people less than usual times.
Lots of businesses are having more and more difficulties to continue their activities.

I think that Italy will collapse heavily. I don't know when yet, but the damages that this virus is creating are very big.

I am seeing that also in Germany, France and Spain the number of infected is increasing more and more, but I don't know their future forecasts.
If you are interested to coronavirus infected, deaths and recovered by every Nation, you can check this site: https://www.worldometers.info/coronavirus/
Give me a lever long enough and a place to stand, and I will move the Earth
  • #35,146
  • Mar 4, 2020 12:25pm Mar 4, 2020 12:25pm
Quoting artestine
Some updates of coronavirus in Italy Infections are growing quickly. Now the number is 3089 with 107 deaths. Total recovered people are growing too, but not quick as new infected people. Schools and Universities in every city are closed until at least the middle of March. The most important economic data: 7 potential billion of Euros lost between March and May 2020 with an estimated of 31 million people less than usual times. Lots of businesses are having more and more difficulties to continue their activities. I think that Italy will collapse heavily....
Yes artestine, we face the same Problem in Germany. Automobile Sales decreased by 10%, which is a lot...
Best regards,
renko
  • #35,147
  • Mar 4, 2020 12:29pm Mar 4, 2020 12:29pm
Quoting ppxdf
04/Mar @ 13:00 GMT : Risk-off lvl 11 https://br.tradingview.com/chart/QcC6k0VE/ I have followed my script and avoided trade as soon as the risk-off reached 20 points below the 50-point average line. I still hold my EA shorts, which have returned almost 350 pips, So I already have more than $7000 of margin recovered. and no trade I will open til my script go back at least lvl -30
This is a very useful graph, thanks for sharing.
  • #35,148
  • Mar 4, 2020 1:06pm Mar 4, 2020 1:06pm
They should make a graph of 4 types of ordinary flu. World map would be dark red. I don't get the madness. We have 2 cases in Estonia, 1 is recovering, 2nd has mild symptoms. In the same time we have 4 dead because of the ordinary flu ...

So tell me, who finances all this panic? You spend couple of hundreds of millions for creating and holding panic and then you cash in billions of drug spendings by countries.
  • #35,149
  • Mar 4, 2020 1:55pm Mar 4, 2020 1:55pm
while waiting trades to fulfill their targets
Attached Image (click to enlarge)
Click to Enlarge Name: Capture33.PNG Size: 857 KB
In trading, you have to be defensive and aggressive at the same time
  • #35,150
  • Mar 4, 2020 4:17pm Mar 4, 2020 4:17pm
It has been a quiet week for me so far, busy at work, not much time to trade
and still recovering from last weeks DD. I have some trades that are in profit
but don't want to close them yet. Waiting for some euro crosses to fall.
May the Force be with you.
  • #35,151
  • Mar 4, 2020 5:14pm Mar 4, 2020 5:14pm
Quoting 1pipperhour
So tell me, who finances all this panic? You spend couple of hundreds of millions for creating and holding panic and then you cash in billions of drug spendings by countries.
Banks. They are actually responsible for 99% of all evil thats going on in the world now and before.

They can keep creating panic, I am not "buying it", instead I am buying it.
Everyone can see the chart, but only a few can actually read it.
  • #35,152
  • Mar 4, 2020 7:22pm Mar 4, 2020 7:22pm
Quoting renkotop
Did short on AC at 0.886!
Renkotop , looks to me like your trade is going to be quite profitable , at least at this time of writing.
Best Wishes ,
GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #35,153
  • Mar 5, 2020 3:32am Mar 5, 2020 3:32am
Quoting GreenEarth
{quote} Renkotop , looks to me like your trade is going to be quite profitable , at least at this time of writing. Best Wishes , GreenEarth
No, it is currently working against me.
  • #35,154
  • Edited 1:26pm Mar 5, 2020 5:14am | Edited 1:26pm
Hi guys

Euro amazingly going up despite of all the bad news which amazes me how much banks control everything.Italy is shot down basically and Euro going up despite of it.


CAD If Russia agree on oil cut CAD should gain and looks like Russians will agree with OPEC cut unless they want to sell oil at 25 a barrel or less

Crappy situation overall.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #35,155
  • Mar 5, 2020 5:43am Mar 5, 2020 5:43am
Quoting renkotop
Did short on AC at 0.886!
Hi Renkotop , I still believe that you being short AC at .8861 will be a very good trade.

I would upload some charts but for some reason , and I have tried many things , I haven't been able to upload charts. I'm using Windows 10 and a HP Laptop.
Frustrating.
All kinds of great trading opportunities.
Regards,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #35,156
  • Mar 5, 2020 8:18am Mar 5, 2020 8:18am
Good Morning Professionals.
OPEC agreed to cut production by 1.5 Million Barrels per day and OPEC wants other non-OPEC Countries to cut another 500,000 barrels per day.
By REGULAR PRODUCTION STANDARDS , this is a "drop in the bucket". WOO-HOO !!
BUT , MARCH is the typical MAINTENANCE SHUTDOWN PERIOD for Saudi Arabian refineries.
So , the agreed to cuts AND maintenance shutdowns will absorb the EMERGENCY SURPLUS amount for the entire World !!
THINK ABOUT THIS !!! THIS IS A BIG DEAL !!!! Any major catastrophies in the World , there will be a period of NO EXCESS OIL based on regular consumption demands OR a SUPPLY INTERRUPTION !!! I believe that RUSSIA has no choice but to agree with OPEC because CHINA'S DEMAND for Oil will be cut significantly , due to Coronavirus impacts. Oil Price is ready to pop higher on the WTI DAILY CHARTS , $50.38 (R38) is easily within reach within 1-6 days. The sooner that Russia posts a News release , the sooner the price increase.

PLUS , US FED ALREADY HAVING DISCUSSIONS ABOUT RATE CUTS AGAIN IN MARCH , APRIL AND MAY !!!! (News just released )

Currently short USD/CAD 1.3420 with TP at 1.3325 (FEB 10 high on 4 hr chart and approx. the midpoint between WPP and S38).
Expect my profit target to be reached by Friday's close.
FOCUS , FOCUS , FOCUS
Can't win 'em all , but , in Forex Trading you don't have to.
Regards ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #35,157
  • Mar 5, 2020 8:29am Mar 5, 2020 8:29am
Quoting bubincka
I know it could look strange but It seems that the more coronavirus spread in Europe, the more the EUR appreciates....
It's still true, sad but true.
Porta itineris dicitur longissima esse
  • #35,158
  • Mar 5, 2020 8:34am Mar 5, 2020 8:34am
Quoting bubincka
{quote} It's still true, sad but true.
Shorts for EU are on the way!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 49 KB
  • #35,159
  • Mar 5, 2020 8:36am Mar 5, 2020 8:36am
Quoting bubincka
{quote} It's still true, sad but true.
Hi Bubincka , it is very odd. I believe that it's very hard to gauge the World's view of the US Economy right now as well.
Regard's
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #35,160
  • Mar 5, 2020 8:54am Mar 5, 2020 8:54am
Quoting renkotop
{quote} Shorts for EU are on the way! {image}
Are you sure...? This pattern does not convince me ... it seems to be accumulating before a further breakout ... maybe I'm wrong
Trade What's Happening... Not What You Think Is Gonna Happen
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