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Pivot Trading

  • #36,901
  • May 6, 2020 9:39pm May 6, 2020 9:39pm
Waiting on lot of trades to reach their destinations.
Meanwhile did this today called "The take down"

Agree lot of Yen crosses are in Pivot zone like specially CJ
Best part +swap

Important event on Pound tonight rate policy
GU already sold aggressively however it could drop lower so not touching it.
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In trading, you have to be defensive and aggressive at the same time
  • #36,902
  • May 7, 2020 6:24am May 7, 2020 6:24am
Quoting Hutch
{quote} That was yesterday. Here are 3 JPY pairs trades on my D1 chart {image}
Good one mate.

No returns like you however was able to bag 50 pips on Cad/Jpy. Market got me on GBP/JPY, it hit my SL at 130.70 and reversed from 130.65 and made at high of 132 (-20 on that).

Was able to bag +30 on Eur/Jpy.

Overall, not the best execution however I was able to bag some green pips overall.

Green pips to all
  • #36,903
  • May 7, 2020 7:13am May 7, 2020 7:13am
Closed GC
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In trading, you have to be defensive and aggressive at the same time
  • #36,904
  • May 7, 2020 7:18am May 7, 2020 7:18am
Long GU 2330
before I could type in profit
Lot of USD positive if any is already priced in on most majors so following Pivot principles
Expecting a massive red number
In trading, you have to be defensive and aggressive at the same time
  • #36,905
  • May 7, 2020 7:39am May 7, 2020 7:39am
ECB President Lagarde Speaks 10am
maybe she can give some life oxygen to this currency.
In trading, you have to be defensive and aggressive at the same time
  • #36,906
  • May 7, 2020 7:44am May 7, 2020 7:44am
Quoting Davit
Long GU 2330 before I could type in profit Lot of USD positive if any is already priced in on most majors so following Pivot principles Expecting a massive red number
Closed
Drops lower I may reload
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In trading, you have to be defensive and aggressive at the same time
  • #36,907
  • May 7, 2020 7:49am May 7, 2020 7:49am
Quoting Davit
{quote} Closed Drops lower I may reload {image}
Good one, that was a quick shopping trip
  • #36,908
  • May 7, 2020 7:50am May 7, 2020 7:50am
Took UC profits, daily target of 0.5% hit, that's 4/4 so far this week
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  • #36,909
  • May 7, 2020 7:52am May 7, 2020 7:52am
Reload on GU at 2350 2x
I think its going to reach 24+either today or tomorrow. Dont expect any good news on NFP
In trading, you have to be defensive and aggressive at the same time
  • #36,910
  • May 7, 2020 8:03am May 7, 2020 8:03am
Looking for long on CJ waiting for it to drop lower
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In trading, you have to be defensive and aggressive at the same time
  • #36,911
  • May 7, 2020 8:07am May 7, 2020 8:07am
I am done for the week. Targets exceeded. Closed EU, trade I should have not entered to begin with but salvaged it, did well enough on UC to compensate. Could have held for tomorrow expecting Red NFP but have good reason to stop.

My antique camera on tripod fell on baby yesterday so decided to just spend the rest of the week with family. He is well, nothing serious thankfully...I was more hurt than he was.
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Invest in Life
  • #36,912
  • May 7, 2020 8:14am May 7, 2020 8:14am
Quoting Mundo
I am done for the week. Targets exceeded. Closed EU, trade I should have not entered to begin with but salvaged it, did well enough on UC to compensate. Could have held for tomorrow expecting Red NFP but have good reason to stop. My antique camera on tripod fell on baby yesterday so decided to just spend the rest of the week with family. He is well, nothing serious thankfully...I was more hurt than he was. {image}
Nice gainGlad nothing serious.Stay healthy
In trading, you have to be defensive and aggressive at the same time
  • #36,913
  • May 7, 2020 8:17am May 7, 2020 8:17am
USD dominance is puzzling to me. Oil up equities doing ok and just weird how dominating it is.
MM screwing with your brain? clearing stops-could be late reaction...
In trading, you have to be defensive and aggressive at the same time
  • #36,914
  • Edited 11:15am May 7, 2020 9:44am | Edited 11:15am
[quote = Davit; 12925112] Die USD-Dominanz ist mir ein Rätsel. Öl einölen Aktien in Ordnung und nur seltsam, wie dominant es ist. MM mit deinem Gehirn schrauben? Clearing stoppt - könnte eine späte Reaktion sein ... [/ quote]


it looks like the us dollar is losing strength

EU wants to go high

Always watch the market, preferably 8 hours on the PC than one hour in the company
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the highest point comes before the fall
  • #36,915
  • May 7, 2020 11:14am May 7, 2020 11:14am
Closed UCOver 2k today and GU close to be in profit
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In trading, you have to be defensive and aggressive at the same time
  • #36,916
  • May 7, 2020 11:16am May 7, 2020 11:16am
Closed GU my day is done
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In trading, you have to be defensive and aggressive at the same time
  • #36,917
  • May 7, 2020 12:27pm May 7, 2020 12:27pm
Quoting Mundo
I am done for the week. Targets exceeded. Closed EU, trade I should have not entered to begin with but salvaged it, did well enough on UC to compensate. Could have held for tomorrow expecting Red NFP but have good reason to stop. My antique camera on tripod fell on baby yesterday so decided to just spend the rest of the week with family. He is well, nothing serious thankfully...I was more hurt than he was. {image}
When the market is paying...why not. Added an additional 3% to take it to an even 20% gain for week, could very well call it the month.

Took note when Davit does the same...calls it the day...next thing you know banking more. This is my job...have to alway stay on top of my job, and if it continues to pay...take a little more. No greed though, that is when market burns me.
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Invest in Life
  • #36,918
  • May 7, 2020 12:43pm May 7, 2020 12:43pm
UJ presets nice "bargain" to long
106.24 3x

Its counter intuitive but weaker USD often follows weaker Yen so USD losses to majors so does the Yen

If I have to look back this month so far best trade was EC at 1.55 I did shout out about it.These are account building trades that when presents which does not happen often you must go bigger then normal to build the account. so yes it was A+++ trade.
In trading, you have to be defensive and aggressive at the same time
  • #36,919
  • May 7, 2020 1:49pm May 7, 2020 1:49pm
Looking forward for CAD spanking tomorrow love to see 41 again so we can murder this more CAD buying is basically free money....at right numbers
In trading, you have to be defensive and aggressive at the same time
  • #36,920
  • May 7, 2020 2:18pm May 7, 2020 2:18pm
UJ stuck on algo noise ally
cant get above 630
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In trading, you have to be defensive and aggressive at the same time
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