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Pivot Trading

  • #35,821
  • Mar 25, 2020 3:10pm Mar 25, 2020 3:10pm
Missed EG 9133 low was out walking
Have few lots short on it I may roll it over next trading session if does not drop to 40 or lower
In trading, you have to be defensive and aggressive at the same time
  • #35,822
  • Mar 25, 2020 5:39pm Mar 25, 2020 5:39pm
Quoting Davit
Missed EG 9133 low was out walking Have few lots short on it I may roll it over next trading session if does not drop to 40 or lower
I'm about to hit it again.
  • #35,823
  • Mar 25, 2020 6:27pm Mar 25, 2020 6:27pm
Erratic PA cross the board.
Crude is falling /Stocks Dow falling which makes scared money go back to USD and lesser Euro
That's the situation now and may change later.Generally when stocks equities are selling money goes to USD and Yen and at times Gold.
Everything sort of connected.Dollar decline today was direct result of Stocks making 1st time real rally from bottoms.Will it sustain? Can't say but signs are so far back to safe heaven USD and Yen
In trading, you have to be defensive and aggressive at the same time
  • #35,824
  • Mar 25, 2020 6:34pm Mar 25, 2020 6:34pm
Quoting pipmaster77
{quote} I'm about to hit it again.
It may rally higher but will decline by Friday.Key data on GBP tomorrow.
In trading, you have to be defensive and aggressive at the same time
  • #35,825
  • Mar 25, 2020 7:50pm Mar 25, 2020 7:50pm
Closed all positions on UC
dont like PA and this might get pushed up again and may provide reload.Last thing I want give back good money
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 5 KB
In trading, you have to be defensive and aggressive at the same time
  • #35,826
  • Mar 25, 2020 7:54pm Mar 25, 2020 7:54pm
Some food for thought here traders. New York is under lock down and is the Financial center of the World. We have never been in a situation like this before. 911 was a horrible tragedy, however unfortunately before this is finished I believe it will be far worse. NYSE has closed its trading floor on Monday and is only doing remote electronic trading. This is the first time this has ever occurred that trading continued while the physical floor is closed. This situation is getting worse by the minute. The hospitals are starting to get overwhelmed in New York. Will your broker be able to stay liquid through all of this? I tried contacting customer service at my broker yesterday and was unable to get in contact with anyone. The Governor of Idaho just issued a 21 day stay at home order with the exception of essential services. My UJ short dropped to yesterdays entry point and I closed the trade. Personally I don't think the Fed can buy their way out of this situation. This virus isn't something Trump can fire. I'm going to err on the side of caution and take some money out of my account today. That is a nice FX trade in itself seeing as I deposited the money @ 1.30 on the UC four years ago. I'm taking a break for awhile and concentrate on getting some jobs done around my house as well as completely recover myself. My entire family has been sick in the last five weeks and I'm still not 100% myself, however I'm feeling quite a bit better. I hope everyone stays safe and gets through this.

https://www.cnbc.com/2020/03/18/nyse...ronavirus.html

https://www.worldometers.info/coronavirus/country/us/

https://www.cnn.com/2020/03/25/healt...als/index.html
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #35,827
  • Mar 25, 2020 7:59pm Mar 25, 2020 7:59pm
Quoting Romanov102
Some food for thought here traders. New York is under lock down and is the Financial center of the World. We have never been in a situation like this before. 911 was a horrible tragedy, however unfortunately before this is finished I believe it will be far worse. NYSE has closed its trading floor on Monday and is only doing remote electronic trading. This is the first time this has ever occurred that trading continued while the physical floor is closed. This situation is getting worse by the minute. The hospitals are starting to get overwhelmed...
Nick you take care of yourself and family most important thing.Money will be here
Stay safe and green
In trading, you have to be defensive and aggressive at the same time
  • #35,828
  • Mar 25, 2020 8:12pm Mar 25, 2020 8:12pm
Sometimes you got to trust your intuition.Just when I closed UC shit hits the fan on all commodity pairs

This is a good thing.Love to see EC 56+ so we can short is again
In trading, you have to be defensive and aggressive at the same time
  • #35,829
  • Mar 25, 2020 8:13pm Mar 25, 2020 8:13pm
Tomorrow’s unemployment data could be a record. California alone has seen a million filings over the past two weeks, estimates could be up to 4 million.

https://www.forexfactory.com/news/98...-to-spike-to-a
Trade with confidence, trade without fear.
  • #35,830
  • Mar 25, 2020 8:19pm Mar 25, 2020 8:19pm
Quoting Cryptosurf
Tomorrow’s unemployment data could be a record. California alone has seen a million filings over the past two weeks, estimates could be up to 4 million. https://www.forexfactory.com/news/98...-to-spike-to-a
Looks too obvious why I think MM will push USD up before dumping. Sort of go after dumb money clear all stops then go opposite.
That's my thinking now.
Its no secret market knows it now but USD is gaining.
In trading, you have to be defensive and aggressive at the same time
  • #35,831
  • Mar 25, 2020 8:33pm Mar 25, 2020 8:33pm
Without people working I dont see Stocks going higher on sustainable manner why I think we are heading another bottom.
Nervousness on commodity pairs shows it

AUD getting trashed but look at AN may provide bargain.
In trading, you have to be defensive and aggressive at the same time
  • #35,832
  • Mar 25, 2020 9:09pm Mar 25, 2020 9:09pm
Many thanks to you Davit , Cryptosurf , and Romanov102.

UC is acting weird and right now I am extremely puzzled , especially wondering now if the employment number's are actually going to be a catalyst up or catalyst down.

Collectively , you guy's have a ton of experience and I am quite nervous given the comment by Romanov102.

GE
"Define the risk OUT of your trade"--Mark Douglas
  • #35,833
  • Mar 25, 2020 9:10pm Mar 25, 2020 9:10pm
Quoting Davit
Without people working I dont see Stocks going higher on sustainable manner why I think we are heading another bottom. Nervousness on commodity pairs shows it AUD getting trashed but look at AN may provide bargain.
I shorted AN today and closed it 90 pips ago. Was long GBPAUD, exited because I didn't like PA, that was 320 pips ago!!!!! I believe you are 100% correct in having to adapt to our present conditions. I really don't like letting anything run. So I grabbed my profit, but in hindsight........
  • #35,834
  • Mar 25, 2020 9:11pm Mar 25, 2020 9:11pm
Find it ironic that Euro is perceived as safe heaven with just about every country there on lock down and Italian virus victims climbing and other countries as well.
You can see a pattern by MM dump commodity pairs 1st then GBP then go lastly dump the Euro.This is the exact cycle we experienced recently

Poor AUD never gets a break Everyone stumping on it
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM30.png Size: 55 KB
In trading, you have to be defensive and aggressive at the same time
  • #35,835
  • Mar 25, 2020 9:15pm Mar 25, 2020 9:15pm
Quoting GreenEarth
Many thanks to you Davit , Cryptosurf , and Romanov102. UC is acting weird and right now I am extremely puzzled , especially wondering now if the employment number's are actually going to be a catalyst up or catalyst down. Collectively , you guy's have a ton of experience and I am quite nervous given the comment by Romanov102. GE
Yeah I mentioned the current effect here https://www.forexfactory.com/showthr...3#post12816273
Trade with confidence, trade without fear.
  • #35,836
  • Mar 25, 2020 9:20pm Mar 25, 2020 9:20pm
Shorted EURJPY,
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY-5M15.png Size: 40 KB
  • #35,837
  • Mar 25, 2020 9:21pm Mar 25, 2020 9:21pm
Quoting Cryptosurf
{quote} Yeah I mentioned the current effect here https://www.forexfactory.com/showthr...3#post12816273
Yes , I remembered your post as soon as I saw it , however , I must admit that I should have studied the significance of it far more thoroughly.

GE
"Define the risk OUT of your trade"--Mark Douglas
  • #35,838
  • Mar 25, 2020 9:23pm Mar 25, 2020 9:23pm
Quoting GreenEarth
Many thanks to you Davit , Cryptosurf , and Romanov102. UC is acting weird and right now I am extremely puzzled , especially wondering now if the employment number's are actually going to be a catalyst up or catalyst down. Collectively , you guy's have a ton of experience and I am quite nervous given the comment by Romanov102. GE
You still holding UC? If yes profits shrinking.It might turn around who knows but its hard watching your money get smaller.I am very happy I closed mine at 4217
In trading, you have to be defensive and aggressive at the same time
  • #35,839
  • Mar 25, 2020 9:28pm Mar 25, 2020 9:28pm
Quoting pipmaster77
Shorted EURJPY, {image}
looks solid trade
In trading, you have to be defensive and aggressive at the same time
  • #35,840
  • Mar 25, 2020 9:37pm Mar 25, 2020 9:37pm
Wondering if WTI is going to revisit S38 ($20.67). With everything shutdown , demand for Crude has to be way down , thus , any OPEC cuts are moot right now.

Romanov102 REALLY has me thinking. Could there be a move that is so massive , no would ever imagine it could happen.

GE
"Define the risk OUT of your trade"--Mark Douglas
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