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Pivot Trading

  • #41,881
  • Feb 3, 2023 7:38am Feb 3, 2023 7:38am
Positive employment numbers! Nice trade on USD pairs like EU.
  • #41,882
  • Feb 3, 2023 7:39am Feb 3, 2023 7:39am
Attached Image (click to enlarge)
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We obey the structure that results from the market's reaction
  • #41,883
  • Feb 3, 2023 7:41am Feb 3, 2023 7:41am
Look at CJ I pointed out earlier today
What a beauty
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM30.png Size: 18 KB
In trading, you have to be defensive and aggressive at the same time
  • #41,884
  • Feb 3, 2023 7:45am Feb 3, 2023 7:45am
got in to the UJ before news.
Check the move.
Attached Image (click to enlarge)
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  • #41,885
  • Feb 3, 2023 8:01am Feb 3, 2023 8:01am
Are things will reverse with the ISM PMI. justing thinking.
  • #41,886
  • Feb 3, 2023 8:05am Feb 3, 2023 8:05am
Quoting Davit
EU at R61 My thinking and market can prove me wrong is market makers think "here goes retail traders buying up the Euro because ECB said they will raise rates in march" Well its all fine and daddy only issue its way too obvious and obvious in trading losses 95% of them. So what's the smart money do? Dont know but selling Euro might be WE got NFP and NY still close so now its "watch time" {image}
Yes you are right about obvious.
That why I mention to nito the silver will break to the downside, huge move on gold all thinking will go up or reverse and boom to the down.
  • #41,887
  • Feb 3, 2023 9:31am Feb 3, 2023 9:31am
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM30.png Size: 24 KB
We obey the structure that results from the market's reaction
  • #41,888
  • Feb 3, 2023 9:37am Feb 3, 2023 9:37am
Possible short opportunity
R100 ADR but no PA
Attached Image (click to enlarge)
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Successful trading is intrinsic to risk management and discipline
  • #41,889
  • Feb 3, 2023 9:46am Feb 3, 2023 9:46am
Hi Davit,

I observe your pair choice is different.
Like for example. Less experience ppl like me, when we see the move I will go for UJ EU GU and so on immediately.

But in your case if you enter EU you choose UC instead of UJ.
Is it because to reduce the risk exposure?
  • #41,890
  • Feb 3, 2023 10:00am Feb 3, 2023 10:00am
Just a thought:

I think the USD is getting strong from here on, fundamentally.

As USD was rising last year which brings the inflation down in oct nov dec.

In oct nov dec USD direction was down put pressure on the USD and all thinking inflation going down.
I think now the inflation will show its real face and will go up, that's why MM running to the USD now.

Thats why J.P said 'We have not discussed the pause, and we will give information about it in the March meeting'.
  • #41,891
  • Feb 3, 2023 10:16am Feb 3, 2023 10:16am
made a shitload of money this week.
pivot trading is the easiest and most profitable system here on ff.
thanks to all contributors.

have a nice weekend!
Muni loves you all!
  • #41,892
  • Feb 3, 2023 10:33am Feb 3, 2023 10:33am
Now that's more like it! Its been a good week.
Still lots of work to do on entries and exits. I'm still learning that's for sure.
Still holding EG
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD(£)Daily (3).png Size: 14 KB
Successful trading is intrinsic to risk management and discipline
  • #41,893
  • Feb 3, 2023 10:37am Feb 3, 2023 10:37am
Quoting nittohanns
Now that's more like it! Its been a good week. Still lots of work to do on entries and exits. I'm still learning that's for sure. Still holding EG{image}
Your drawdown never ceases to amaze me. Well done on another fantastic week of results!
  • #41,894
  • Feb 3, 2023 10:38am Feb 3, 2023 10:38am
GC look promising for the next week I think, CAD news on Monday.
will touch @161.
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  • #41,895
  • Feb 3, 2023 10:42am Feb 3, 2023 10:42am
Quoting bitgiggy
{quote} Your drawdown never ceases to amaze me. Well done on another fantastic week of results!
Thanks very much
Successful trading is intrinsic to risk management and discipline
  • #41,896
  • Feb 3, 2023 11:15am Feb 3, 2023 11:15am
Quoting smd101
Hi Davit, I observe your pair choice is different. Like for example. Less experience ppl like me, when we see the move I will go for UJ EU GU and so on immediately. But in your case if you enter EU you choose UC instead of UJ. Is it because to reduce the risk exposure?
When I am not sure about USD I like crosses
In trading, you have to be defensive and aggressive at the same time
  • #41,897
  • Feb 3, 2023 11:18am Feb 3, 2023 11:18am
GC didnt work out looking to cut the loss
Need push up
Unusual strength of CAD caught me off guard specially that crude is falling
Happens not every trade is a winner.
In trading, you have to be defensive and aggressive at the same time
  • #41,898
  • Feb 3, 2023 11:20am Feb 3, 2023 11:20am
Its all cross the board. Look at NC example
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In trading, you have to be defensive and aggressive at the same time
  • #41,899
  • Feb 3, 2023 11:36am Feb 3, 2023 11:36am
On GC I didn't like the PA so I worked to clear my position which was surprisingly difficult as the bounces were very small. Out of the market now and only beer change lost. Ready for the weekend.
  • #41,900
  • Feb 3, 2023 12:10pm Feb 3, 2023 12:10pm
Quoting Davit
GC didnt work out looking to cut the loss Need push up Unusual strength of CAD caught me off guard specially that crude is falling Happens not every trade is a winner.
I entered GC, but cut it out and change the mind.
Going long on WTI better to invest there rather than stuck in GC, plus swap is also 3x on weekend.
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