Pivot Trading

Quoting kin78

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I was looking at EG as well because it came up on the radar based on pivot level....but I was looking to see what catalyst/event would we rely on in the news feed that would trigger the drop in price? Could it be that we are looking at a strong trend based on fundamentals? The economic and Industrial Sentiments have improved. So that could mean it has more room to go higher.

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Quoting Davit

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Dovish Powell today could settle the markets.USD is receiving panic spill over from Stocks

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Quoting codyt.b

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{quote} Good morning everyone ... love the thread mr Davit. quick question say powell a known dove comes out and says some real dovish things today and being as stretched the dollar bids are do you think theres a possible of some mean reversion back to the weekly pp? also im attatching some market insight i got this weekend sorry im late with it #newtothethread but im very in tuned with the fundamentals and the "THEMES" the market is moving to day in and day out so id like to be able to share with you ill do my best to keep things short once again...

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Quoting Davit

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{quote} severely over bought USD positions will have to take profit and that's when opposite moves start.Could happen today After Powell or Friday and my guesses are just that market can prove anyone wrong. Over bought CAD is primed to fall 1st. CAD GDP is Friday and does not matter the number since its way over priced in already.

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Quoting codyt.b

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{quote} yes i took a small short on CAD/JPY yesterday it looks WAYY overbought looks like its following us10y to the topside for no reason now i know jpy is heavily corrolated to us10y because of the 900 somthing BILLION they own of us debt but i say NO reason for cad to follow ...

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Quoting codyt.b

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just bought gbp/cad held s100 and plenty of oil should help the uk oil scare as well as boost cad targeting weekly pp (Demoing the system) {image}

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Quoting Egbert

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{image}

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Quoting Wags

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Well that was a crappy day lol Think i did everything right but sometimes theres nothing you can do Cut my losses today though instead of convincing myself and looking through rose coloured glasses There has been some stronger moves this week and last i think as well on the pairs i have traded

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Quoting Mastropiero

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{quote} I have a small account, a keep it small cause know i still make this mistakes, i have to improve my SL and risk management.. Lose my profits, but im still on business

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