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Pivot Trading

  • #39,261
  • Sep 15, 2021 12:30pm Sep 15, 2021 12:30pm
WE could see EN drop below 66 before NZD GDP giving us opportunity to buy at discount. Strong support at 6570-80
Dumping of NZD is near IMO overall
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In trading, you have to be defensive and aggressive at the same time
  • #39,262
  • Sep 15, 2021 12:43pm Sep 15, 2021 12:43pm
Closed CJ decent gain at 8655
Will reload on dip
In trading, you have to be defensive and aggressive at the same time
  • #39,263
  • Sep 15, 2021 12:49pm Sep 15, 2021 12:49pm
Shorting EA
Following PA Pivots 61 could be battleground will see how it goes
classic head and shoulder
Attached Image(s) (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #39,264
  • Sep 15, 2021 2:12pm Sep 15, 2021 2:12pm
Quoting Davit
{quote} Hi Wags I am just giving you feedback and not applying you are criticizing the system or even if you do its all good.Trading is continuous learning process for everyone. You are correct that I have placed trades before news and often those trades were swing trades not deep long running trend like AN.Longer pair travels one direction harder it is to swing opposite direction and when they do its usually more volatile since MM know lot of liquidity has formed on these pairs. In case of AN should GDP print red we could see some correction but...

Yes i do seem to be attracted to going against currencies which have been trending longer and also not comfortable with trading choppy conditions i do not know why, maybe its because i feel the further the move the better chance of a retrace
  • #39,265
  • Sep 15, 2021 3:36pm Sep 15, 2021 3:36pm
Quoting Davit
{quote} Hi Wags I am just giving you feedback and not applying you are criticizing the system or even if you do its all good.Trading is continuous learning process for everyone. You are correct that I have placed trades before news and often those trades were swing trades not deep long running trend like AN.Longer pair travels one direction harder it is to swing opposite direction and when they do its usually more volatile since MM know lot of liquidity has formed on these pairs. In case of AN should GDP print red we could see some correction but...
I am with you davit. It has happened to me very often. You almost know exactly where a couple is going after the events, but the second the decision is made it often goes the other way and gets your money. The money is gone and a short time later it goes in the forecast direction. I think that's very great in this forum that Davit describes it so precisely. It has happened so often, but nobody says it as precisely as you do.
the highest point comes before the fall
  • #39,266
  • Sep 15, 2021 3:48pm Sep 15, 2021 3:48pm
less than 2 hours until the event, i'm not asleep today, i'm waiting, i'm listening to music from the 80s
the highest point comes before the fall
  • #39,267
  • Sep 15, 2021 5:54pm Sep 15, 2021 5:54pm
Ouch... nzd gdp 2.8 vs 1.1 forecast...
Didnt see that coming
- If you plant corn, you get corn
  • #39,268
  • Sep 15, 2021 9:57pm Sep 15, 2021 9:57pm
Quoting Wags
{quote} Yes i do seem to be attracted to going against currencies which have been trending longer and also not comfortable with trading choppy conditions i do not know why, maybe its because i feel the further the move the better chance of a retrace
Hi Wags
hidden golden nugget in successful trading is range trading what you call "choppy conditions" is my favorite.
Lot of this misconception comes from trading books that often say Don't trade choppy/sideway market.Wrong! That's where you can hit it big and collect big then repeat again and again.Trending market goes deep corrections hence DD is basically given and on top of it Time penalty.I hate holding funds while I could make money on exactly choppy market.
regards
In trading, you have to be defensive and aggressive at the same time
  • #39,269
  • Sep 15, 2021 9:59pm Sep 15, 2021 9:59pm
was not home and totally missed this beautiful low on EN
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In trading, you have to be defensive and aggressive at the same time
  • #39,270
  • Sep 15, 2021 10:02pm Sep 15, 2021 10:02pm
since we are talking about choppy range market check out beautiful EN
If you buy every low with possibility of break out north then 69-70 opens up.What you started as range trading ends up nice swing trade.
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In trading, you have to be defensive and aggressive at the same time
  • #39,271
  • Sep 16, 2021 4:01am Sep 16, 2021 4:01am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,084 Posts | Online Now
Think I left some crumbs on the table....
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We obey the structure that results from the market's reaction
  • #39,272
  • Sep 16, 2021 5:33am Sep 16, 2021 5:33am
Quoting Davit
Shorting EA Following PA Pivots 61 could be battleground will see how it goes classic head and shoulder {image} {image}
Closed EA decent gain
In trading, you have to be defensive and aggressive at the same time
  • #39,273
  • Edited 6:42am Sep 16, 2021 5:42am | Edited 6:42am
NZD lesser GBP still strong but are next to crumble. MM squeeze on these pairs particularly NZD pairs
Best trades are often riskiest trades.

plenty of videos on your tube forex squeeze.Its good getting educated how MM operates.

Look now EN long

Remember when trading crosses look at majors EU at support
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #39,274
  • Sep 16, 2021 8:26am Sep 16, 2021 8:26am
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the highest point comes before the fall
  • #39,275
  • Sep 16, 2021 8:28am Sep 16, 2021 8:28am
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the highest point comes before the fall
  • #39,276
  • Edited 8:58am Sep 16, 2021 8:47am | Edited 8:58am
GOLD at WS100 below Weekly range Low, strong bearish move, really streched over 260% today
Avoid the crowd. Be chess player, not chess piece
  • #39,277
  • Sep 16, 2021 9:06am Sep 16, 2021 9:06am
Nothing more satisfying than being patient, timing your entries then SMASHING the drawdown and coming out on top! Winners are grinners!!

(Edit: NZDCHF)
  • #39,278
  • Sep 16, 2021 9:30am Sep 16, 2021 9:30am
Quick nap and almost 8% gain on account sweet.
did gave you heads up
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In trading, you have to be defensive and aggressive at the same time
  • #39,279
  • Sep 16, 2021 10:03am Sep 16, 2021 10:03am
I was following EC with move down (likely E and C news today) and a spike near S61 and ADR Low. PA was bullish so I took the long for 43 pips.

Attached Image (click to enlarge)
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  • #39,280
  • Sep 16, 2021 10:09am Sep 16, 2021 10:09am
Quoting nigpig
I was following EC with move down (likely E and C news today) and a spike near S61 and ADR Low. PA was bullish so I took the long for 43 pips. {image}
keep it up
In trading, you have to be defensive and aggressive at the same time
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