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Pivot Trading

  • #39,221
  • Sep 10, 2021 9:48am Sep 10, 2021 9:48am
I'm enjoying the ride down on NZDUSD.
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  • #39,222
  • Sep 10, 2021 10:25am Sep 10, 2021 10:25am
Quoting Davit
EN {image}
Hey buddy,

Just figured out why you see those random spikes in NZD pairs. NZD has 2 rollovers, the traditional 5 pm EST, but also one at 3 pm EST. Something to be aware of mid afternoon when holding NZD trades.
  • #39,223
  • Sep 10, 2021 2:25pm Sep 10, 2021 2:25pm
Quoting Davit
Waiting for NZD to deflate unreal how strong this piece of shit dairy currency is (no offense to NZ folks I just hate your currency)
I've always found you have to be careful shorting NZ, it nearly always overextends a lot more than should. Smaller volumes and can be pushed then when turns can take more time than others.
  • #39,224
  • Sep 11, 2021 6:19am Sep 11, 2021 6:19am
2nd week of Sept.
Calendar events.Weds is key day !

GBP performed real strong last week after mildly hawkish BOE and projected CPI to be green coming up this weds.We could see some corrections on G pairs and could accelerate after CPI. Bulls could push further up however 39 so far has been strong R
GC could still drop below 74.Crude still way up and this supports the CAD.
USD could bounce after taking a beating last week however chances of this not great specially decimal red retail and CPI projections

Mon
AUD-RBA Gov Lowe Speaks
Could have effect depends what he says....

Tues
USD CPI/Core CPI green here may provide bulls some wind


Weds
GBP CPI This is considered the UK's most important inflation data because it's used as the central bank's inflation target
projection is green and should print green we could see spike some bull action then rabid decline.Why so? I think most good news is already priced in maybe 80% of it.

CAD CPI so far CAD numbers are coming out greener then forecast hence my inclination is another green number here.GC EC has nice potential to decline.

NZD GDP big one and forecast is lower then previous.WE could see finally some corrections on AN and NZD pairs.My personal favorite is EN

AUD Employment data. Not looking good on projection.With lock downs dont see a positive here however mild numbers could be considered plus by the market in this circumstance.

Thurs

USD Retail Sales-terrible projection but could print better then forecast.Wait and see.


Friday

GBP Retail Sales m/m. Green projection.Wait and see how week develops.It could have effect or null
In trading, you have to be defensive and aggressive at the same time
  • #39,225
  • Sep 11, 2021 11:34am Sep 11, 2021 11:34am
Next week great potential to long EN
NZD GDP is weds and projection is negative.I am anticipating EN to go up start of the week and continue. 168+ could be reached by friday.
This is just one of my fave set up.Market could obviously prove me wrong so use your discretion.I like this set up
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In trading, you have to be defensive and aggressive at the same time
  • #39,226
  • Edited 11:51am Sep 11, 2021 11:37am | Edited 11:51am
Emmanuel posted about market types and its important to recognize which type you are trading
I have been altering my style for years depending on type and you can trade Pivots at all types considering you follow PA and events.You dont need a different system for each market type you just need to alter how you trade them.
I am strongest at range market and its my favorite.When you trade trending market often there are deep corrections and you can get into drawdowns.If positions are small you can wait and continue on main trend however you may pay TIME penalty holding funds for weeks.Its not my favorite.I favor quick in and out repeat trades.You can still trade the trending market by getting in and out on dips and rallies and avoiding DD. Last week GC provided over 100pips drop and you should of collected then waited to reload and that reload could be this week.Obviously trading awareness takes time hence why I dont like working with beginners. Stay strong and positive.

link

Successful traders succeed because they have a positive mental attitude and believe in themselves and their system. It's not the other way around. We're not happy because we succeed. We succeed because we're happy. A positive attitude gets positive results.
In trading, you have to be defensive and aggressive at the same time
  • #39,227
  • Sep 11, 2021 11:47am Sep 11, 2021 11:47am
In Memory 9/11
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Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #39,228
  • Sep 11, 2021 6:51pm Sep 11, 2021 6:51pm
Quoting Davit
Emmanuel posted about market types and its important to recognize which type you are trading I have been altering my style for years depending on type and you can trade Pivots at all types considering you follow PA and events.You dont need a different system for each market type you just need to alter how you trade them. I am strongest at range market and its my favorite.When you trade trending market often there are deep corrections and you can get into drawdowns.If positions are small you can wait and continue on main trend however you may pay...
Thanks Davit .

Hv a great weekend
not euphoria follower
  • #39,229
  • Sep 12, 2021 4:37am Sep 12, 2021 4:37am
Quoting Davit
Emmanuel posted about market types and its important to recognize which type you are trading I have been altering my style for years depending on type and you can trade Pivots at all types considering you follow PA and events.You dont need a different system for each market type you just need to alter how you trade them. I am strongest at range market and its my favorite.When you trade trending market often there are deep corrections and you can get into drawdowns.If positions are small you can wait and continue on main trend however you may pay...
Wishing you all the best for the future. May you achieve everything that you want.

PS: stay healthy, wear a mask, wash your hands, and don't forget social distancing.
All the best wishes.
Intraday Trading is an Art _ hoda
  • #39,230
  • Sep 13, 2021 8:47am Sep 13, 2021 8:47am
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the highest point comes before the fall
  • #39,231
  • Sep 13, 2021 8:51am Sep 13, 2021 8:51am
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the highest point comes before the fall
  • #39,232
  • Sep 13, 2021 8:54am Sep 13, 2021 8:54am
Quoting Davit
Next week great potential to long EN NZD GDP is weds and projection is negative.I am anticipating EN to go up start of the week and continue. 168+ could be reached by friday. This is just one of my fave set up.Market could obviously prove me wrong so use your discretion.I like this set up {image}
got in at right price.Perfect entries
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In trading, you have to be defensive and aggressive at the same time
  • #39,233
  • Sep 13, 2021 9:07am Sep 13, 2021 9:07am
Too much noise has been made about the pound.If its out there and obvious most likely opposite to happen 1st.Decline of G pairs before going higher.
37 GU possible before 39+
I remember same type of articles about AUD recent past 78+well never got there and opposite happened.Look who wrote that article on GBP another bank!

Interesting quote from article
“Even if every single member believes the conditions had been met, that would not imply a rate rise is imminent,” Martins wrote. “The guidance is that the conditions were a necessary requirement for tightening but not an automatic trigger.”
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In trading, you have to be defensive and aggressive at the same time
  • #39,234
  • Sep 13, 2021 9:11am Sep 13, 2021 9:11am
EN going up nicely
In trading, you have to be defensive and aggressive at the same time
  • #39,235
  • Sep 13, 2021 9:14am Sep 13, 2021 9:14am
Quoting Davit
{quote} kam zum richtigen Preis.Perfekte Einträge {image}

EN rises like a rocket, a lot of power
the highest point comes before the fall
  • #39,236
  • Sep 13, 2021 9:25am Sep 13, 2021 9:25am
Quoting Pivoter
{quote} EN rises like a rocket, a lot of power
should break 66 today but anything can happen in the market
Possible GC going south strongly before GBP CPI
In trading, you have to be defensive and aggressive at the same time
  • #39,237
  • Sep 13, 2021 9:32am Sep 13, 2021 9:32am
gc took money from me on friday, but now for the second time i'm short in gc again
the highest point comes before the fall
  • #39,238
  • Sep 13, 2021 11:19am Sep 13, 2021 11:19am
Quoting Davit
{quote} should break 66 today but anything can happen in the market Possible GC going south strongly before GBP CPI

the big guys work very hard on 1.66 .....
the highest point comes before the fall
  • #39,239
  • Sep 13, 2021 11:42am Sep 13, 2021 11:42am
Closed EN will reload on dip
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In trading, you have to be defensive and aggressive at the same time
  • #39,240
  • Sep 13, 2021 2:48pm Sep 13, 2021 2:48pm
Got some action on CJ long


One of my old time favorite artists who passed away recently.Love Leonard Cohen RIP
Inserted Video


I was always workin' steady but I never called it art
I got my shit together meeting Christ and reading Marx
It failed my little fire but it spread a dying spark
Go tell the young Messiah what happens to the heart
There's a mist of summer kisses where I tried to double park
The rivalry was viscious, the women were in charge
It was nothing, it was business, but it left an ugly mark
I've come here to revisit what happens to the heart
I was selling holy trinkets, I was dressing kind of sharp
I let pussy in the kitchen and a panther in the yard
In the prison of the gifted I was friendly with the guards
So I never had to witness what happens to the heart
I shoulda seen it coming, after all I knew the chart
Just to look at her was trouble, it was trouble from the start
Sure we played a stunning couple, but I never liked the part
It ain't pretty, it ain't subtle, what happens to the heart
Now the angel's got a fiddle, the devil's got a harp
Every soul is like a minnow, every mind is like a shark
May have broken every window, but the house
The house is dark, I care but very little
What happens to the heart
Then I studied with this beggar, he was filthy, he was scarred
By the claws of many women he had failed to disregard
No fable here, no lesson, so singing meadowlark
Just a filthy beggar guessing what happens to the heart
I was always workin' steady, but I never called it art
It was just some old convention like the horse before the cart
I had no trouble betting on the flood against the Ark
You see, I knew about the ending, what happens to the heart
I was handy with a rifle, my father's 303
I fought for something final, not the right to disagree
In trading, you have to be defensive and aggressive at the same time
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