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Pivot Trading

  • #41,921
  • Feb 5, 2023 10:50pm Feb 5, 2023 10:50pm
Bottom ADR is my target.
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We obey the structure that results from the market's reaction
  • #41,922
  • Feb 5, 2023 11:02pm Feb 5, 2023 11:02pm
Quoting Davit
Big gap on UJ Lets see if it closes {image}
80% of the time the GAP will be filled!

But we shall see what will happen this week. If we get a low risk entry idea then good reward:risk profit.

The Weekly is still sideways wide range. So it is possible to sell the 'top' and target the 'bottom.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #41,923
  • Feb 6, 2023 7:43am Feb 6, 2023 7:43am
Nice bounce on GC and EG
cutting down DD
CAD PMI at 10am
In trading, you have to be defensive and aggressive at the same time
  • #41,924
  • Edited 12:44pm Feb 6, 2023 10:47am | Edited 12:44pm
Unfortunately Ivey PMI was a blowout (I haven't looked into the detail) so I hope you have managed to get out of GBP CAD or at least have room to hold. I think this will pressure CAD pairs until some news reverses this.

Employment ticked up in the Ivey report so Friday could be tricky.
  • #41,925
  • Feb 6, 2023 11:09am Feb 6, 2023 11:09am
Just scalping as you do Mondays in general
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Pip Student
  • #41,926
  • Feb 6, 2023 1:25pm Feb 6, 2023 1:25pm
A couple of possibilities.
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Successful trading is intrinsic to risk management and discipline
  • #41,927
  • Feb 6, 2023 1:33pm Feb 6, 2023 1:33pm
Quoting Steamroller
Unfortunately Ivey PMI was a blowout (I haven't looked into the detail) so I hope you have managed to get out of GBP CAD or at least have room to hold. I think this will pressure CAD pairs until some news reverses this. Employment ticked up in the Ivey report so Friday could be tricky.
Couple of things
1st PMI is a survey asking purchasing managers about future orders, prices, supplier deliveries, and inventories.
It may and may not reflect accurately about employment.There is a reason why its not red event
Survey of about 175 purchasing managers, selected geographically and by sector of activity to match the economy as a whole, which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;

2nd there are lot of events between today and Friday and other side of CAD is GBP.
regards
In trading, you have to be defensive and aggressive at the same time
  • #41,928
  • Feb 6, 2023 1:52pm Feb 6, 2023 1:52pm
i had to...
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  • #41,929
  • Feb 6, 2023 5:58pm Feb 6, 2023 5:58pm
AUD rate decision and later in the day...!!
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  • #41,930
  • Feb 6, 2023 8:41pm Feb 6, 2023 8:41pm
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #41,931
  • Feb 6, 2023 10:49pm Feb 6, 2023 10:49pm
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250 green pips
  • #41,932
  • Feb 7, 2023 1:23am Feb 7, 2023 1:23am
i am loading up on usd (selling). i think eur inflation will be ok and usd will print red news. price at levels.
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  • #41,933
  • Feb 7, 2023 4:42am Feb 7, 2023 4:42am
Just 1 scalp till news, Latter this aff
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Pip Student
  • #41,934
  • Feb 7, 2023 8:40am Feb 7, 2023 8:40am
Quoting apples1978
Just 1 scalp till news, Latter this aff {image}
which news you are referencing thks
In trading, you have to be defensive and aggressive at the same time
  • #41,935
  • Feb 7, 2023 8:44am Feb 7, 2023 8:44am
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Always on edge when feds are due
Pip Student
  • #41,936
  • Feb 7, 2023 8:44am Feb 7, 2023 8:44am
3 pairs
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  • #41,937
  • Feb 7, 2023 8:49am Feb 7, 2023 8:49am
Quoting apples1978
{image} Always on edge when feds are due
for me Heads talking is not an event.Most of the times there are invited to speak and almost all the time they are careful what they say.They wont talk policy for sure.Its why I dont even go over them.
Next 2 real events are GBP policy meeting and GDP.Personally think Pound may take off bull run after.Market can prove me wrong but I think pound has been bleeding too long.
In trading, you have to be defensive and aggressive at the same time
  • #41,938
  • Feb 7, 2023 9:05am Feb 7, 2023 9:05am
Thanks good to know, will log that.

Have a small holding on AUDCAD.
Pip Student
  • #41,939
  • Feb 7, 2023 9:38am Feb 7, 2023 9:38am
Closed CADJPY.
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  • #41,940
  • Feb 7, 2023 9:43am Feb 7, 2023 9:43am
Quoting erlas7
Closed CADJPY. {image}
same
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In trading, you have to be defensive and aggressive at the same time
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