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Pivot Trading

  • #42,601
  • Mar 15, 2023 12:07pm Mar 15, 2023 12:07pm
Quoting John Chipsa
{quote} Nice hold, I was going to hold until tomorrow when the AUD news is out, but since it's been sped up so much, I took it. Otherwise, I reckon it'll get to 57 now
i'm back in with small short now
maybe you/we can get better position with ecb news.
Muni loves you all!
  • #42,602
  • Mar 15, 2023 1:43pm Mar 15, 2023 1:43pm
closed EU letting UC shorts to run feel more confident on CAD
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In trading, you have to be defensive and aggressive at the same time
  • #42,603
  • Mar 15, 2023 1:49pm Mar 15, 2023 1:49pm
Went to be on eur/us and eur/jpy, AND LETTING USD/CAD RUN TOO!
  • #42,604
  • Edited 2:31pm Mar 15, 2023 2:16pm | Edited 2:31pm
Be careful with the EUR.

I think Lagarde is in a very bad situation right now.

1. Already said 50bps. If she goes for that financial situation blow up.

2. If she goes for 25bps, EUR blow up to the south. Lose credibility.

3. If she goes for no hike, do not ask what will happen.
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  • #42,605
  • Mar 15, 2023 2:43pm Mar 15, 2023 2:43pm
CLOSED MY TRADES
  • #42,606
  • Mar 15, 2023 5:11pm Mar 15, 2023 5:11pm
I like the look of AJ so entered long with a fairly tight stop due to the employment data later.
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Successful trading is intrinsic to risk management and discipline
  • #42,607
  • Mar 15, 2023 5:13pm Mar 15, 2023 5:13pm
Long oil
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Successful trading is intrinsic to risk management and discipline
  • #42,608
  • Mar 15, 2023 6:48pm Mar 15, 2023 6:48pm
Quoting nittohanns
I like the look of AJ so entered long with a fairly tight stop due to the employment data later. {image}
Employment could print red.Its little early buying AUD
60pip SL I would not consider it tight stop
In trading, you have to be defensive and aggressive at the same time
  • #42,609
  • Mar 15, 2023 7:35pm Mar 15, 2023 7:35pm
LOt of Yen buying now.Looks like Asia got spooked from Swiss Bank episode
Will wait until it settles
In trading, you have to be defensive and aggressive at the same time
  • #42,610
  • Mar 15, 2023 9:48pm Mar 15, 2023 9:48pm
Quoting nittohanns
I like the look of AJ so entered long with a fairly tight stop due to the employment data later. {image}
Jumped on it little lower after the Event and PA is just too jittery and I closed
Looks like it really wants to go under 88
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In trading, you have to be defensive and aggressive at the same time
  • #42,611
  • Edited 12:52am Mar 16, 2023 12:34am | Edited 12:52am
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A classic pivot. 151 green. Unfortunately, I haven't been able to be in front of the market the last bit, family and health matters. So am very grateful for this affirmation.
  • #42,612
  • Mar 16, 2023 2:11am Mar 16, 2023 2:11am
Quoting Davit
{quote} Employment could print red.Its little early buying AUD 60pip SL I would not consider it tight stop
It's a fair point. I got lucky and still in the trade. Hopefully it will start heading up now following the green numbers.
Successful trading is intrinsic to risk management and discipline
  • #42,613
  • Mar 16, 2023 2:14am Mar 16, 2023 2:14am
Quoting Davit
{quote} Jumped on it little lower after the Event and PA is just too jittery and I closed Looks like it really wants to go under 88 {image}
A good result Davit considering the PA at the time. I'm still holding as PA looks to be improving this morning.
Successful trading is intrinsic to risk management and discipline
  • #42,614
  • Mar 16, 2023 2:15am Mar 16, 2023 2:15am
Big day today.
  • #42,615
  • Mar 16, 2023 2:17am Mar 16, 2023 2:17am
Quoting nittohanns
{quote} A good result Davit considering the PA at the time. I'm still holding as PA looks to be improving this morning.
closed at 88.42
Successful trading is intrinsic to risk management and discipline
  • #42,616
  • Mar 16, 2023 3:17am Mar 16, 2023 3:17am
too much uncertainty regarding ECB meeting, yes 50 bps on paper but certainly might take a dovish stance in light of recent events, closed trades with no regret, on technical side closed at pivot level 78 (from 138-100) and PA also approaching upper trendline resistance on the 4 H
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Seek first to understand, then to be understood
  • #42,617
  • Mar 16, 2023 3:56am Mar 16, 2023 3:56am
Woke up earlier then usual.Too excited to sleep
Trades closed so far today Still have positions on UC
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In trading, you have to be defensive and aggressive at the same time
  • #42,618
  • Mar 16, 2023 3:59am Mar 16, 2023 3:59am
If EC hits 47 sell with confidence! even 4650
That's my focus not interested on anything else for the moment
In trading, you have to be defensive and aggressive at the same time
  • #42,619
  • Mar 16, 2023 4:14am Mar 16, 2023 4:14am
Watching the same, WPP area.
  • #42,620
  • Mar 16, 2023 4:15am Mar 16, 2023 4:15am
Traditional natural price for UC is 128-130 that's when USD is strong. Right now its severely over sold. I am aiming 1st 135 then target 132 by in and out rinse.To me (I could be wrong) its great opertunity to increase equaity by buying CAD
In trading, you have to be defensive and aggressive at the same time
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