Pivot Trading

GU i got in bit too early...


I did how-ever get bit this morning from it

Stay focus Pivoters
Price Action Events Pivots shape price.Ignore forum noises.Less you read what others think better for you.Best guide is what's happening in the chart.
The amount of nonsense people post here at FF is staggering.

Thank you Davit.

USD may get a much needed boast tomorrow 9am Fed Chair Powell is speaking.

Lot of USD pairs look like need corrections.

Flat ATM

Got bit from the AU earlier

Week. Prop demo so not real $.

Looks like some sell off before the fed news.

Flat now. Dont know how NY is going to push USD and Powell later possible spike down on USD and better numbers to buy USD
today so far
shorting AUD is my focus but EU EA on my rather as well

Flat also will look to see what is on offer after news.

Question.

Does anyone skip Mondays. I made money yesterday but was lot waiting around from mid-morning till afternoon to get out of some positions. I know with the piv being reset on Sundays does anyone skip the Monday to jump into the action on the tuesdays?

Just a ponder...

Canadian numbers coming out nice n green hence 35+good place to buy Canadian dollar . (note buying CD is shorting UC)

I was scalping GU like you yesterday

EC is one of my faves to short note ADR
Dont be early bird WAIT!

We are going to see nice volatility today. Every word by Powell is going to spike both ways

US Fed Chair Jerome Powell is speaking on Tuesday and the stock market investors will be looking for cues for the market direction. The last time when Powell spoke, the markets tanked. On January 10, Powell will speak at the Sveriges Riksbank International Symposium on Central Bank Independence, Stockholm, Sweden at 9:00 a.m. ET.
US equities on Monday ended lower than the previous week’s closing. After two Federal Reserve officials hinted that interest rates could rise above 5%, a stock market surge came to a halt, and speculators who anticipated a peak below 5% were given cold water.
The head of the Fed Bank of San Francisco, Mary Daly, predicted that the central bank would increase interest rates to around 5%. Raphael Bostic, her colleague in Atlanta, stated that policymakers should increase interest rates above 5% by the beginning of the second quarter and then remain on hold for “a long period.”

TDI arrows how to use them properly.

If M15 M30 H1 green but H4 D1 red generally applies larger trend is bear and you should not hold buys too long.
Preferably only short like AC
Beauty of it for me one glace and gives you lot of info without wasting time

in my humble opinion the powell speech will be a non-event.
he speaks in sweden about cb independence, not about fed policy or views on usd.

kind regards.

The reason it may move the market because nothing else happening until Thurs CPI hence market needs a reason to move

Regret getting out of shorting GU early