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Pivot Trading

  • #38,141
  • Feb 26, 2021 3:47am Feb 26, 2021 3:47am
Quoting R61
Closed AU +253 With larger lots. {image}Currently holding some shorts on AC from last week in DD.
Closed AC + 238
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Done for the month!
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No open trades.
"In the end you only trade yourself."
  • #38,142
  • Feb 26, 2021 4:00am Feb 26, 2021 4:00am
Quoting R61
{quote} Closed AC + 238 {image} Done for the month! {image} No open trades.
awesome gains in a month! You are good example of sticking around and learning and getting better.Well done!

Closed another batch on NC
its been great shorting NZD AUD

My stats indicator stopped working after update of metatrader.
In trading, you have to be defensive and aggressive at the same time
  • #38,143
  • Feb 26, 2021 6:05am Feb 26, 2021 6:05am
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD.M30.png Size: 47 KB
We obey the structure that results from the market's reaction
  • #38,144
  • Feb 26, 2021 10:38am Feb 26, 2021 10:38am
Quoting Davit
amazing no offense to New Zealand but tiny country with dairy economy dominating everything! Looks like entire financial institutions parked their money on it. Sustainable? We'll see
Davit , actually booked nice profit on the NZD/CAD once this pair broke down from R100 the second time. I did not understand why the Kiwi has been decimating the CAD , disappointing News aided a very rapid decline today.

On another note , USD News , Personal Income UP 10% ? Gotta be pricing in stimulus cheques unless I am really missing something.

Enjoy your weekend traders ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,145
  • Feb 26, 2021 12:13pm Feb 26, 2021 12:13pm
Quoting GreenEarth
{quote} Davit , actually booked nice profit on the NZD/CAD once this pair broke down from R100 the second time. I did not understand why the Kiwi has been decimating the CAD , disappointing News aided a very rapid decline today. On another note , USD News , Personal Income UP 10% ? Gotta be pricing in stimulus cheques unless I am really missing something. Enjoy your weekend traders , GE
Hi friend welcome back.
IMO It was already priced in up to yesterday on all USD pairs then dumping started.Obviously NZD AUD strength comes from Covid factor having almost no issues in proportion what rest of the countries going through now shut downs etc.With vaccination in full swing market already dumping AUD NZD and should continue.Johnson & Johnson one shot vaccine is huge positive.
My bias is USD bull now.
In trading, you have to be defensive and aggressive at the same time
  • #38,146
  • Feb 26, 2021 12:16pm Feb 26, 2021 12:16pm
Quoting Egbert
{image}
I would not hold this. IMO was not good trade
In trading, you have to be defensive and aggressive at the same time
  • #38,147
  • Feb 27, 2021 1:45am Feb 27, 2021 1:45am
Quoting Davit
{quote} My stats indicator stopped working after update of metatrader.
I'm not sure why but this worked for me.

Try this. If you have this option marked then unmark it.

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  • #38,148
  • Edited 6:29am Feb 28, 2021 5:18am | Edited 6:29am
Thought to share some ideas about GC.

In my opinion it will test the 1.83 area in the course of two months. The good thing is, in that time it can be traded both ways collecting 50-200 pips at the time. So my bias is up for now.
  • #38,149
  • Feb 28, 2021 8:10am Feb 28, 2021 8:10am
Quoting 1pipperhour
Thought to share some ideas about GC. In my opinion it will test the 1.83 area in the course of two months. The good thing is, in that time it can be traded both ways collecting 50-200 pips at the time. So my bias is up for now.
“When you really believe that trading is simply a probability game, concepts like right or wrong or win or lose no longer have the same significance.” – Mark Douglas

Do what market does follow dont predict.It could go 83 and also to 72.As traders we are not in the business of knowing the future we basically try squeezing money from our EDGE. That's it.Its a probability game.

I rather you focus on red events next week get familiarize yourself.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #38,150
  • Feb 28, 2021 2:28pm Feb 28, 2021 2:28pm
Quoting Davit
{quote} Hi friend welcome back. IMO It was already priced in up to yesterday on all USD pairs then dumping started.Obviously NZD AUD strength comes from Covid factor having almost no issues in proportion what rest of the countries going through now shut downs etc.With vaccination in full swing market already dumping AUD NZD and should continue.Johnson & Johnson one shot vaccine is huge positive. My bias is USD bull now.
Davit , I am a USD bull as well. Totally agree with you on the lack of Covid interference in those two economies.
Have a green week everyone,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,151
  • Feb 28, 2021 3:59pm Feb 28, 2021 3:59pm
Key pairs to watch this week AUD NZD USD less EUR GBP
AU 78+is short territory watch PA Tues GDP is projected to be less the previous. Higher AC goes closer to 99 better place to short. Longer trajectory is below 90
In trading, you have to be defensive and aggressive at the same time
  • #38,152
  • Feb 28, 2021 11:29pm Feb 28, 2021 11:29pm
Quoting Davit
{quote} “When you really believe that trading is simply a probability game, concepts like right or wrong or win or lose no longer have the same significance.” – Mark Douglas Do what market does follow dont predict.It could go 83 and also to 72.As traders we are not in the business of knowing the future we basically try squeezing money from our EDGE. That's it.Its a probability game. I rather you focus on red events next week get familiarize yourself. Regards
It's the result of my analyze and is the same statement as your "I'm USD bull". I'm GBP bull. Doesn't mean I will only buy, it means I trade it as market will allow.
Like I wrote it can be traded both ways using pivots and adr.
And I always look at the key events, this is what you taught here and this is what I follow every week.
  • #38,153
  • Mar 1, 2021 6:36am Mar 1, 2021 6:36am
trades today so far.Could of made lot more on GC was ranging prior of breaking 77
Day is young.Daily goal reached already anywayfrom this point on its gravy
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In trading, you have to be defensive and aggressive at the same time
  • #38,154
  • Mar 1, 2021 8:06am Mar 1, 2021 8:06am
ECB President Lagarde Speaks
in 5min
watch Euro pairs
In trading, you have to be defensive and aggressive at the same time
  • #38,155
  • Mar 1, 2021 10:20am Mar 1, 2021 10:20am
over 1400 for day still going.

Want to mention again if you want to make it in forex you got to get in sink with the market and know what's coming what is being dumped what is being bought.
If you put no effort you'll get crappy results that's true in everything.

Great opportunities today all around.You only need to look and know what you are looking
In trading, you have to be defensive and aggressive at the same time
  • #38,156
  • Mar 1, 2021 6:47pm Mar 1, 2021 6:47pm
few days old.Collage with nude
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In trading, you have to be defensive and aggressive at the same time
  • #38,157
  • Mar 2, 2021 9:07am Mar 2, 2021 9:07am
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We obey the structure that results from the market's reaction
  • #38,158
  • Mar 2, 2021 12:30pm Mar 2, 2021 12:30pm
Got only EC long waiting to hit target its been slow moving.Partly has to do with OPEC meeting CAD has been on fire.

line drawing staff around my studio
After my brother passed away when I see mugs with broken handle it reminds me of him and same time telling me mug still functional and matches symbolizing life still fires.
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In trading, you have to be defensive and aggressive at the same time
  • #38,159
  • Mar 2, 2021 1:02pm Mar 2, 2021 1:02pm
Heads up AC setting up nicely to short.
We got AUD GDP tonight then should deflate after (priced in already IMO).Very nice set up
Longer trajectory AC should reach 90 and below. Virus factor is wearing off
In trading, you have to be defensive and aggressive at the same time
  • #38,160
  • Mar 2, 2021 1:31pm Mar 2, 2021 1:31pm
Closed EC modest gain. Some days just does not work out the way you intended and its normal.
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In trading, you have to be defensive and aggressive at the same time
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