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Pivot Trading

AU Short R61
NZDUSD since last week!
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Wait for the Lion to eat and become satisfied and tired
Markets that finished last week in outer R or S zones. Several of these have now reversed significantly.
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AUDNZD still going strong,
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Wait for the Lion to eat and become satisfied and tired
EURUSD still going,
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Wait for the Lion to eat and become satisfied and tired
Missed this short, price struggling at R38, great example of PA and Pivots
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EC drop

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Nice Price action usd/cad to take a long position ;-)
Quoting renkotop
Spike EU- going short Spike UC- going long
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!
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Quoting NLtrader
Nice Price action usd/cad to take a long position ;-)
Where? Looks bearish to me.
Quoting NLtrader
Nice Price action usd/cad to take a long position ;-)
The world is slowly picking up speed again. More oil is needed. UC further bearish trend. in my opinion
the highest point comes before the fall
EJ short, R138 proved difficult to crack and beyond ADR, quick 20 pips to meet the daily goal.
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“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
Quoting GreenEarth
“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...
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.
Life begins at the end of your comfort zon
Quoting renkotop
{quote} Ordered too early. Seems to be a home run.
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.


Inserted Video
the highest point comes before the fall
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.
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Quoting ppxdf
{quote} 30 DAYS LATER 05/May @ 14:00 GMT : https://br.tradingview.com/chart/QcC6k0VE/ improvement in risk tones continue. Going to the normality?Probably!!!! . Risk-off level: 45

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
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