Pivot Trading

reloading on NC
was waiting for a dip

Added more on NC
350 in dead day in 1.5hr I'll take that any day

Thank you Davit - you opened up the forum for posting. I've been following you for a while (many years on/off). I have learnt a lot by reading your posts - so thanks again!

End of an era as economist Kazuo Ueda takes over Haruhiko Kuroda as Bank of Japan governor on Sunday

Watch Yen Monday and rest of the week. Particularly over bought EJ

Based on my experience over 10yrs trading market usually is ahead of news, rate change,policy change
It wont surprise me MM start "pricing in" end of negative rates.With USD getting weaker UJ naturally should drop under 30 heading to 25
Great chance J pairs open with a gap down

If you done your calendar events you should know where to focus.Not going to spoon feed you guys.I am getting actually sick of repeating myself.
I make the money because I put the time effort every day! Dont expect me holding your hand.Creme rises to top.Folks who are serious perform well and you know who you are and folks who just hang out expecting me to guide them will fail.That's guaranteed.You must do your own work! That's real life!

About stops!
I dont place hard SL but do have them. What happens when you place hard SL and not enough space!
EN close Friday at Oanda over 70pips! Spread!
I bet lot of folks lost lot of money on stops.This is pure rubbery

The higher the current trading volume for an asset, the tighter the spread tends to be. Friday was very low trading volume as you said so low liquidity and things like that increase the spread enormously. I think Monday will be almost the same. I also don't use any hard stops, made too many bad experiences. I trade without stops but always look at how the price develops.

Just been going over the charts and considering opportunities next week.
I'm already short and holding EA and EJ.
Thursday 13th - AUD. A green unemployment rate could help EA trade.

Attached Image (click to enlarge)

In addition, I'm watching:
NC - Head and shoulders pattern on the weekly chart plus a bullish engulfing candle. Also a weekly PB on UC.
News release on wed 12th could have an impact. CAD rate decision, holding at 4.50%. Last held on 8th march and price went up. Possible of the same price action on 12th

Gold - Short. Watching with interest. May trade with stops. Lots of data out for the USD which may impact. 3 x tops (resistance) over 2000

EN - Short. Light on news/data for both next week.

UK - GDP on Thursday 13th - A low forecast of 0.1 might be exceeded which could be positive for the GBP.

Of course I agree.
But the problem today... actually not only today is that everyone wants to have everything now... It's also the times and what they bring us. You want food? Order it. You want clothes? Order and you're stuffed, literally stuffed under your nose. And a lot of people degenerate so they have to think. There's an app for everything, ATP people... So don't be surprised when you show results, quality of input and X amount of advice. And a lot of people don't even read the first page. They don't even click on the attachments and search.
I posted somewhere that I read the thread maybe 3 times in its entirety. On vacation, after the kids went to bed I read through, watching the failure rates on certain S/R. How TDI responds, ADR. Thinning out the positions and I enjoyed it. I've been on FF for a long time and have ridden other systems, but honestly I've probably never had as much confidence in a system as you have. I identified with it and it makes sense to me, but not just the system, but the linking to the reports and the interpretation of them. And yes...it's simple and one doesn't have to look for a miracle. I don't have to focus on a million things ( it's good to take them into account and know them!!! formations, ATP patterns)
But honestly how many people put in the work. How many people can learn without being arrogant. Someone here bitched about you being the arrogant one, that you delete posts instead of helping.... And those are exactly the individuals who don't even finish the first page. The ones who want the spoon. The tit from which they would suck without any effort.

I guess I don't need to add anything. Actually, yeah... Thanks for the work and effort, because I appreciate it so much.

Lot of CAD events next week
EC very much in my "play cards"
Level to watch 48
You'll find 48 is on Key Pivot

EJ
possible in light of new governor taking over BOJ

I am anticipating CAD decline this week.Correction
Level to watch 3687

CJ most likely will continue bearish trend. Levels to watch 9608 if broken (likely) next stronger support 9517

Hi John
I see you are studiedly improving your trading.Less DD and bigger gains.Keep it up and thanks for the post! Great one!

Also a weekly PB which I like the look of. I don't tend to watch for trend lines but this seems quite prominent.

Week beginning 4/9/23
SUNDAY – slow news day
MONDAY – another slow news day
TUESDAY – FOMC members speak – this is not significant however may bring some moves in lieu of any other activity. Likely the conversation clues that the rate hike cycle is possibly over and recent bank failures. Not really news

WEDNESDAY – RED NEWS - CPI m/m, y/y and core m/m. All projections do not support any strengthening of the USD.
BOE Gov Bailey Speaks x2 this day– could cause some volatility but I’m not looking for much here
CAD – BOC Rate Statement – expected to remain unchanged at 4.5%. I’m watching EC and NC here.
USD-FOMC Meeting minutes, expect volatility even if the language is not significant. I don’t believe there are any surprises. Again, the tightening cycle is coming to an end globally. Further rate increases are not expected
AUD – RED NEWS – AUD Employment change – I am watching this one closely, it is projected to support a weakening AUD. If it is more positive than expected, I will look for some opportunities with EA, AC and AN
GBP – GDP – projected to decrease to .1% from .3%

THURSDAY
USD – PPI – Core m/m and m/m – projected results are mixed – may cause volatility but possibly not significant directional moves as USD is weakening overall.
Unemployment Claims – will likely show higher unemployment, which would be good for the USD, projections suggest it will be lower however. So we wait and see here.

FRIDAY – USD – Retail sales and core retail sales – projected lower numbers than previous, possibly more dollar weakness
USD – UofM Consumer Sentiment – projected lower than previous at 61.2 from 62.
Overall, I don’t see any encouraging projections for any USD. I don’t historically trade yen pairs but may need to put it on my radar this week. Watching AUD and CAD
Pairs I am watching this week EN, EC, AC, AN, EA, EZ

Will do more watching as I can this week, I will not be near my laptop to trade but will keep my radar open.

Somehow TMS_Angleator V3-RT2 indicator isn't working. Anyone know how to fix it?

Try this

NY only market (banks) open today! Lets see some action! Hate holiday trading