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Pivot Trading

  • #36,781
  • Apr 28, 2020 10:37am Apr 28, 2020 10:37am
Waiting for tonight...not sure what will happen next since 91500 looks like the right price on daily. I have been super conservative and not loading up...but I guess it is safe...for now.
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  • #36,782
  • Apr 28, 2020 1:09pm Apr 28, 2020 1:09pm
Sold this
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  • #36,783
  • Apr 28, 2020 10:26pm Apr 28, 2020 10:26pm
AUD is still going to the North. Do market makers Sleep?
  • #36,784
  • Edited 2:13am Apr 29, 2020 2:00am | Edited 2:13am
Quoting renkotop
AUD is still going to the North. Do market makers Sleep?
Surprise green data threw it off.Waiting for FOMC Statement then will deal with this DD
All AUD crosses are at swing tops.Its just waiting time now
AC AJ EA GA AN once the ball starts it will snowball fast.
In trading, you have to be defensive and aggressive at the same time
  • #36,785
  • Apr 29, 2020 6:14am Apr 29, 2020 6:14am
Closed GC
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In trading, you have to be defensive and aggressive at the same time
  • #36,786
  • Apr 29, 2020 6:24am Apr 29, 2020 6:24am
added more lots on AUD shorts
Should drop before or after Feds.Not looking for homerun 50pips would be fine.Why you may ask are you so confident?
Well I trust my pivot system.Logically swing already hit top and now its going into correction.
In trading, you have to be defensive and aggressive at the same time
  • #36,787
  • Edited 6:44am Apr 29, 2020 6:31am | Edited 6:44am
Watching UJ for long.She is over stretched
fundamentally BOJ is poised to weaken Yen further.More stimuli and bond buying.Strong Yen is basically suicidal now for Japanese economy
It touched and bounced off S161 very important fib pivot
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In trading, you have to be defensive and aggressive at the same time
  • #36,788
  • Apr 29, 2020 7:04am Apr 29, 2020 7:04am
I am anticipating EU to drop so be cautious buying now. Best spot for long 730-50 dont think it will reach S61
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In trading, you have to be defensive and aggressive at the same time
  • #36,789
  • Apr 29, 2020 7:31am Apr 29, 2020 7:31am
Quoting Davit
Watching UJ for long.She is over stretched fundamentally BOJ is poised to weaken Yen further.More stimuli and bond buying.Strong Yen is basically suicidal now for Japanese economy It touched and bounced off S161 very important fib pivot {image}
Closed UJ
I think things will quiet down until the Feds.Going to take a nap will meet again (talking to myself )
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In trading, you have to be defensive and aggressive at the same time
  • #36,790
  • Apr 29, 2020 9:17am Apr 29, 2020 9:17am
Currently short AC with an average entry of .9074
Currently in very minor DD , took profits on a previous AC trade.
Probably be a bumpy ride down to .9000
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #36,791
  • Edited 10:44am Apr 29, 2020 10:33am | Edited 10:44am
Different systems different outlook

My system we dont sell at 100S EA roadmap system they do...

Trading is not just about above or below 200 SMA. There are events, swing tops, bottoms etc.
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In trading, you have to be defensive and aggressive at the same time
  • #36,792
  • Apr 29, 2020 10:51am Apr 29, 2020 10:51am
Love to see CAD pairs go up again so we can short again.
GC EC UC prime targets. Next month oil cuts takes effect and crude should start going up and with it CAD gaining.
This is my plan on CAD sell the rallies
In trading, you have to be defensive and aggressive at the same time
  • #36,793
  • Apr 29, 2020 11:05am Apr 29, 2020 11:05am
Love to see UJ drop back 630-40 to build longs again

On positive note I was thrilled to mange ride my motorcycle with torn tendon.Was painful at times but wanted a glimmer of hope that I can still do it.
In trading, you have to be defensive and aggressive at the same time
  • #36,794
  • Apr 29, 2020 11:25am Apr 29, 2020 11:25am
Love these old Suzukis specially 1100 78-83
Hard to find them now.If you do they are all cut up "cafe racer" mutilated
Clean example can go up 15k now
Love that square headlight so unique

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In trading, you have to be defensive and aggressive at the same time
  • #36,795
  • Apr 29, 2020 11:31am Apr 29, 2020 11:31am
Placed limit buy on UJ at 640 in case of spike.Happens often on major events
In trading, you have to be defensive and aggressive at the same time
  • #36,796
  • Apr 29, 2020 1:03pm Apr 29, 2020 1:03pm
lots of algo trading going on.Real moves will happen during and after press conference
Right now its basically controlled by robots why you should not stress
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In trading, you have to be defensive and aggressive at the same time
  • #36,797
  • Apr 29, 2020 1:15pm Apr 29, 2020 1:15pm
Quoting Davit
lots of algo trading going on.Real moves will happen during and after press conference Right now its basically controlled by robots why you should not stress https://www.youtube.com/watch?v=S2TTcYVxP6E
What's your current outlook on the USD going into FOMC? I'm currently still holding my USDCHF long and EURUSD short as my USD long short term bias is still in play.
  • #36,798
  • Apr 29, 2020 1:44pm Apr 29, 2020 1:44pm
impressing press conference so far.Powell calm answering questions explaining.
In trading, you have to be defensive and aggressive at the same time
  • #36,799
  • Edited 1:56pm Apr 29, 2020 1:45pm | Edited 1:56pm
Quoting YoungET
{quote} What's your current outlook on the USD going into FOMC? I'm currently still holding my USDCHF long and EURUSD short as my USD long short term bias is still in play.
So far PA is bear USD but could change sharply after press.Lot of algos reacting to his words "more monetary tools" etc.
These things are programed to react to any negative words.We'll see how things go after.
When you consider Euro UK ASIA pretty much in same boat of monitory easing it should not be heavy USD sell off.

You do understand EU short and USD/CHF long both buying USD pretty much same currency.Makes no sense to me
Swiss and Euro are highly correlated.You better just trade Euro
In trading, you have to be defensive and aggressive at the same time
  • #36,800
  • Apr 29, 2020 1:59pm Apr 29, 2020 1:59pm
At this point, with equities sharply higher off their lows, there is little need for Chairman Powell to be overly aggressive in his accommodation rhetoric. Still, it will be the tone rather than any specific policy action that investors will be watching. If Mr. Powell remains unreservedly accommodative risk assets should remain well bid, but if the Fed Chair suggests that some credit risk default will be a natural outcome of the global lockdown that could spook equity markets badly after a strong rally that they have put in over the past few weeks.

http://www.bkassetmanagement.com/fea...he-fed-2_14204

I am currently looking for USD to take flight for a bit. Long term UC needs to go lower eventually. USDMXN is extremely high and in order for it to go lower WTI needs to go higher and UC lower. However, it is USD that moves USDMXN, Oil moves it somewhat but certainly not the peso. Hence why I see USD long for a bit but eventually needs to go lower longer term. My observation but trades will be based on market movement.
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