Currently in CJ shorts, will see how far the momentum takes me Lets get these pips{image}
Hard Work, Dedication and Faith
- #39,742
- Oct 13, 2021 12:04pm Oct 13, 2021 12:04pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #39,746
- Oct 14, 2021 6:49am Oct 14, 2021 6:49am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #39,747
- Oct 14, 2021 6:59am Oct 14, 2021 6:59am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #39,751
- Oct 14, 2021 5:47pm Oct 14, 2021 5:47pm
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #39,752
- Edited Oct 15, 2021 4:26am Oct 14, 2021 10:29pm | Edited Oct 15, 2021 4:26am
- Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,082 Posts
Please do not follow my trades.
We obey the structure that results from the market's reaction
- #39,757
- Oct 16, 2021 6:08am Oct 16, 2021 6:08am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Hi guys
Took basically whole week off last week from trading since market conditions didn't suit me.I dislike parabolic moves as the case with commodity pairs.
UJ surged upwards along with other Jen pairs are fears caused by Crude trading at extremes causing inflationary conditions.In my view drop of crude will have domino effect on Yen.Should crude continue go higher testing 90 expect Yen to weaken further.What I noticed last Friday Crude was showing signs of topping out 85 on Brent and 82 on WTI seems strong supply levels but could change as market usually does.
As long as Crude stays up be weary buying Yen.Focus on other pairs
I am tracking buying USD EUR against AUD NZD CAD at appropriate prices based on this system.
On SUN17 EST
My immediate focus will be NZD usually NZD gets pushed up before events then gets dumped hence EN may drop 6390-80 then trade up 64+
This pairs travels fast so getting it right is important. China data looks negative so keep on eye on AUD NZD
stay green
Took basically whole week off last week from trading since market conditions didn't suit me.I dislike parabolic moves as the case with commodity pairs.
UJ surged upwards along with other Jen pairs are fears caused by Crude trading at extremes causing inflationary conditions.In my view drop of crude will have domino effect on Yen.Should crude continue go higher testing 90 expect Yen to weaken further.What I noticed last Friday Crude was showing signs of topping out 85 on Brent and 82 on WTI seems strong supply levels but could change as market usually does.
As long as Crude stays up be weary buying Yen.Focus on other pairs
I am tracking buying USD EUR against AUD NZD CAD at appropriate prices based on this system.
On SUN17 EST
My immediate focus will be NZD usually NZD gets pushed up before events then gets dumped hence EN may drop 6390-80 then trade up 64+
This pairs travels fast so getting it right is important. China data looks negative so keep on eye on AUD NZD
stay green
In trading, you have to be defensive and aggressive at the same time
- #39,758
- Oct 16, 2021 12:37pm Oct 16, 2021 12:37pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Hi guys
Just want to add.No system is perfect every system fails at times and that's why you close positions.You will read lot of posts about this system from idiots,amateurs, dismiss them.Its a waste of time explaining.
If Pivots don't work for you please find something that works and simply move on.Pivot trading in essence is swing trading and extreme parabolic moves which happen every 5-10yrs can disrupt it and that's when you close positions and get out.Does it mean it does not work? No it means in certain conditions pivot or swing trading is not profitable.That's true about every single system every one has weakness.That's it get your head together and continue trading!
Just want to add.No system is perfect every system fails at times and that's why you close positions.You will read lot of posts about this system from idiots,amateurs, dismiss them.Its a waste of time explaining.
If Pivots don't work for you please find something that works and simply move on.Pivot trading in essence is swing trading and extreme parabolic moves which happen every 5-10yrs can disrupt it and that's when you close positions and get out.Does it mean it does not work? No it means in certain conditions pivot or swing trading is not profitable.That's true about every single system every one has weakness.That's it get your head together and continue trading!
In trading, you have to be defensive and aggressive at the same time
- #39,760
- Oct 16, 2021 5:09pm Oct 16, 2021 5:09pm
- Joined Aug 2017 | Status: Trader | 1,609 Posts
Looking at continuing trades on buying EU and Buying JPY next week, this is just my view with pivots so please do not trade what i do
I am taking single entries atm as i said before i end up staying up all night watching charts if i do not have a stoploss which is my problem
I am taking single entries atm as i said before i end up staying up all night watching charts if i do not have a stoploss which is my problem