Pivot Trading

AU Short R61

NZDUSD since last week!

Markets that finished last week in outer R or S zones. Several of these have now reversed significantly.

AUDNZD still going strong,

EURUSD still going,

Missed this short, price struggling at R38, great example of PA and Pivots

EC drop

Nice Price action usd/cad to take a long position ;-)

Ordered too early. Seems to be a home run.

Nice Day! No losses to speak much about - 6% for the week so far... keep it coming!

Where? Looks bearish to me.

The world is slowly picking up speed again. More oil is needed. UC further bearish trend. in my opinion

EJ short, R138 proved difficult to crack and beyond ADR, quick 20 pips to meet the daily goal.

“While a break of support around 1.3850 could be significant we have yet to hear an argument as to why you would want to own CAD.”

The above quote is by TD Securities and they have been "saying" , for over a month now , that the USD will revisit 1.45 before the end of this year.

Personally , I don't know. However , I cannot pose a logical argument against their latest statement.

UC has been a wild ride so far this week and I have been on the sidelines , but , I SHOULD HAVE TAKEN DAVIT'S ADVICE !!!! Davit posted that the UC would migrate towards 1.37 , and it did. His knowledge of Forex is uncanny.
Not sure if the US Employment numbers due tomorrow will move the market. However , Friday's release of CAD Retail Sales could possibly be of interest.

Apparently , Warren Buffett made a statement years ago and it served him and many others quite well. WB stated , "Don't ever bet against the United States of America".
Which leaves me wondering , "Can the US keep a strong dollar of 1.40 or above ?" I agreed with Davit that the US could not. Any input would be greatly appreciated.
Sincerely ,
GE

1st thing you should do stop reading what bankers are saying. TD securities or whatever.
Watch the charts.Best indicator.

AUD showing signs of exhaustion for that matter finally GA might get a decent correction.All AUD pairs are at swing tops/bottoms.Watch then act.

UC Long not perfect, but it is getting better

Gbp numbers were oke GA looks better a volume candle above S100 maybe a grate chance to enter a good trade
like Davit idea ;-)

Davit posted it some time ago. I like it too. The video was gone and back now.

Update for this week almost 9% so far - Not bad considering I am still new at focusing on this again..... should have made more on the EURUSD and shorted heavier today. I got run over yesterday on EURUSD and same for the AUDCAD. waiting for more AUD weakness now .... glad I closed my USDCAD shorts at 1.38ish.. waiting see what happens now. Recovered a lot on EURUSD today with shorts from the 1.10 level.

Probably would have made much more being long the EUR this week - However I am shorting both the GBP and the EUR mostly, although as pointed out by Davit EUR is likely to be rallying somewhat... looking for a re-trace to 1.08 - however that is not certain... lets see if we get some more USD strength or the opposite a clean break of USDIDX and close under 99.0 which would then push up EUR.... interesting BOE talking openly about negative rates this week... could be more selling opportunities. so possibly more EURGBP strength and break over 0.90 coming.

finally, we are back on "RISK ON"


15 DAYS LATER
22/May @ 00:00 GMT : https://br.tradingview.com/chart/QcC6k0VE/
risk tones ON . normality?!! .
Risk-off level: 53


NOW, Do we probably will have trade war again ?
https://www.reuters.com/article/aust...-idUSL4N2D34BD