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Pivot Trading

  • #39,161
  • Sep 3, 2021 7:23am Sep 3, 2021 7:23am
Looks like lot of pairs are at their extreme swings. EN in particular
Hope NFP slaps back
In trading, you have to be defensive and aggressive at the same time
  • #39,162
  • Sep 3, 2021 7:46am Sep 3, 2021 7:46am
Quoting Davit
Looks like lot of pairs are at their extreme swings. EN in particular Hope NFP slaps back

Same here for AC and GA

Im not in to much DD with them though atm
  • #39,163
  • Sep 3, 2021 7:47am Sep 3, 2021 7:47am
Crappy numbers then again August rarely is the month people looking for work or jobs being created.Its vacation time.
I think terrible number is priced in
In trading, you have to be defensive and aggressive at the same time
  • #39,164
  • Sep 3, 2021 7:52am Sep 3, 2021 7:52am
Quoting Davit
Crappy numbers then again August rarely is the month people looking for work or jobs being created.Its vacation time. I think terrible number is priced in
Some nice rejections forming now though
  • #39,165
  • Sep 3, 2021 8:02am Sep 3, 2021 8:02am
Quoting acsandrei
That high filled my position {image}
You gonna retire in luxury when that closes lol ,,,,, hopefully
  • #39,166
  • Sep 3, 2021 8:04am Sep 3, 2021 8:04am
Quoting Wags
{quote} Some nice rejections forming now though
We'll see much more possible moves south after London close.
In trading, you have to be defensive and aggressive at the same time
  • #39,167
  • Sep 3, 2021 8:13am Sep 3, 2021 8:13am
Quoting Davit
{quote} We'll see much more possible moves south after London close.

That would be nice finish to the week
  • #39,168
  • Sep 3, 2021 8:14am Sep 3, 2021 8:14am
green here may take the wind out of bulls 10am
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In trading, you have to be defensive and aggressive at the same time
  • #39,169
  • Sep 3, 2021 8:22am Sep 3, 2021 8:22am
To me what's amazing is NZD strength unwavering
needs little more time....
In trading, you have to be defensive and aggressive at the same time
  • #39,170
  • Sep 3, 2021 8:25am Sep 3, 2021 8:25am
Quoting Davit
To me what's amazing is NZD strength unwavering needs little more time....

Is it because people still anticpating rate hike eventually?
  • #39,171
  • Sep 3, 2021 8:31am Sep 3, 2021 8:31am
Quoting Wags
{quote} Is it because people still anticpating rate hike eventually?
that also Feds uncertainty
They were vague about rates so market parked their funds on NZD but as always in forex things get shuffle fast.Today's safe heaven is tomorrow's hot seat.
In trading, you have to be defensive and aggressive at the same time
  • #39,172
  • Sep 3, 2021 9:09am Sep 3, 2021 9:09am
Combined with EU shorts, i'm also on Nasdaq longs after bouncing on R61 (Nasdaq usually don't retrace too much)
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Avoid the crowd. Be chess player, not chess piece
  • #39,173
  • Sep 3, 2021 9:15am Sep 3, 2021 9:15am
Quoting acsandrei
Combined with EU shorts, i'm also on Nasdaq longs after bouncing on R61 (Nasdaq usually don't retrace too much) {image}
Sweet Italian friend!

Love Ducati, Moto Guzzi
New MG 850 sweet looking bike
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In trading, you have to be defensive and aggressive at the same time
  • #39,174
  • Sep 3, 2021 10:10am Sep 3, 2021 10:10am
Quoting Davit
{quote} Sweet Italian friend! Love Ducati, Moto Guzzi New MG 850 sweet looking bike {image}
I'm 24, I haven't tried the big italian motorcycle breeze yet, only a Honda CB 650,but love them
Avoid the crowd. Be chess player, not chess piece
  • #39,175
  • Edited 12:28pm Sep 4, 2021 11:11am | Edited 12:28pm
Hi fellow Pivot traders.
Focus on trading go over calendar and be ready
If you must cut losses I usually cut in increments unless PA shows no chance of recovery then I cut fully.EU likely go into deeper correction after Thurs ECB and EU may go into a range until then.We got RBA BOC ECB Tues Weds Thurs.Should be better week.
Remember its a marathon not a sprint. I had months in red and I had months over 30% most 65% gain so keep on trading.and be positive winners are!
In trading, you have to be defensive and aggressive at the same time
  • #39,176
  • Sep 5, 2021 12:19pm Sep 5, 2021 12:19pm
I like to go through higher TF charts at the weekend, something that i have not been doing since i started the pivot trading but i will be adding this to the going through the news at weekends as well

Here are some standout charts for me for the coming week

Please check the TF on each image

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  • #39,177
  • Sep 5, 2021 10:41pm Sep 5, 2021 10:41pm
Quoting Wags
I like to go through higher TF charts at the weekend, something that i have not been doing since i started the pivot trading but i will be adding this to the going through the news at weekends as well Here are some standout charts for me for the coming week Please check the TF on each image {image} {image} {image} {image} {image} {image}
Higher TF should be intuitive default base analyses of any instrument traded.The reason I dont mention a lot because I assumed most here have minimum 2years trading experience hence not needed to be reminded.

Birds eye view is starting view but its not everything.

EU starting to head south nice
In trading, you have to be defensive and aggressive at the same time
  • #39,178
  • Sep 6, 2021 7:46am Sep 6, 2021 7:46am
Word of advise if you going to scalp you scalp lowest spread pairs and TRADE towards higher probability direction with pivots in mind hence if BO does occur you stay on it.
In trading, you have to be defensive and aggressive at the same time
  • #39,179
  • Sep 6, 2021 2:45pm Sep 6, 2021 2:45pm
Hi Team!
Tonight late night its RBA rate once confirmed I am anticipating AN going north.Anything can happen but AUD likely gets some oxygen against its little brother.

Cut NC positions by 20% chalk it up as business expense.Reminded me the wonderful song "telephone call" by Kraftwerk "you're so close but far away"
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In trading, you have to be defensive and aggressive at the same time
  • #39,180
  • Edited 3:30pm Sep 6, 2021 3:15pm | Edited 3:30pm
Quoting Davit
Hi Team! Tonight late night its RBA rate once confirmed I am anticipating AN going north.Anything can happen but AUD likely gets some oxygen against its little brother. Cut NC positions by 20% chalk it up as business expense.Reminded me the wonderful song "telephone call" by Kraftwerk "you're so close but far away" https://www.youtube.com/watch?v=OYhQVrXBgxU {image}

very good german group, beginnings of synthesizers, ancestor of depeche mode etc.

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the highest point comes before the fall
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