Pivot Trading

Currently monitoring NC.. great opportunity to build long looks like

Also looking to short EN.

I'm watching, it's falling at lightning speed and other pairs, MM probably need money for the weekend Or a divorce settlement???

I finished today's EUR/USD milked beautifully.

This week ended, but I am not satisfied with the execution.

I ended the week in the black, but I was not satisfied. A few mistakes and I haven't had such a "big loss" in a long time. You just know it.That's why I lowered my positions to have better maneuverability.
I expected the EU to crash, but I didn't believe it would fly up like that. That's why I diluted more and smaller positions to be cool. I originally wanted to hold up to WP, but I ended up on YL.

Maybe for next week I will adjust my trading tactics to reduce DD and focus more on watching the market. We'll see how it plays out.

Have a great weekend everyone

A shocker this week. Still tied up in EA and EJ

I think It's too late now for GOLD and Silver, The best entry for GOLD was at 2040 , i took the entries there. Milked a lot....!!!

Glad some of you made money last week.Not me in fact I closed some losses.Was necessary
The Euro crosses were brutal.


ECB rate is May4th
not far and looks like MM priced in lot more then usual...I tried to make sense why NZD performs so poorly and my only rational reason tensions in south seas with China over Taiwan or MM using that as a pretext eliminating liquidity (grabbing stops)
Lets see if anything happens in terms of corrections this week

CJ reached to R100 this week as anticipated. Got most of the up move except last push to R100, missed the opportunity at 99.20 area and didn't find any sweet spot afterward. But I took a short on EC yesterday at daily open and held it till WPP.

Oil may see some resistance at 88-89 next week or later giving corrections to CAD pairs. If that happens buying CAD again.

Yikes, was it EJ that you made a lost on? Kinda interested to know your decision for closing.

I couldn't find any news regarding NZD weakness, could just be MM playing the currency.

I start buying now NC. Low hanging fruits at S38. My target is WPP.

GU AU long, UC short

I start selling CJ now, target: 100

Buy GC, sell EG

Im also short EG

Not the best start of the week, got out with a small loss on UC and AU, BE on GU.

Just a few pips but a larger lot size. it all counts.

Week beginning 4-16
A few stand out red items this week, CPI and PMI are the big bits of news. I' watching CAD pairs, NZD (NC, AN, NC) and a few GBP pairs.

MON
USD – Empire State Manufacturing – projected strengthening although still in the negative. This is a survey of 200 NY state execs, not a significant bit of info but in lieu of other red news, this might create some volatility. USD pairs I might watch are trading near WPP, maybe a scalp but not expecting much.
GBP – Claimant Count Change – projected positive to 10.2K from -11.2K. This is employment related indicator. It is red news although still considered a lagging indicator. If it comes in as projected, possibly this gives the EG a drop toward S38 or ideally S61 before making a move north to WPP.
TUES
EUR – German ZEW economic statement – projected positive increase from 13 to 15.5. We can see if this is news enough to move EG back toward WPP should the above give GBP some strength
CAD – CPI m/m, median y/y and trimmed cpi y/y – mixed. m/m projects some slight positive but y/y numbers don’t support it. I’m watching UC, EC, NC here. If the news comes in as projected, this may pull these pairs toward WPP but I would rather see closer to S61 or S78 levels before taking a trade north.
BOC Macklem speaking – this will likely provide some volatility that might find the levels l want
GBP – CPI y/y –projected decrease from 10.4 to 9.8. Watching EG, if pullback from last weeks bearish move drops below WPP toward S61 ideally, it would be a nice opportunity to go north here.
WED
NZD – CPI q/q – projected slight increase from 1.4 to 1.5%, watching EN, NC, AN here. If this comes in stronger than expected, it could drive some moves south, then possible move to WPP if S61 is met.
THURS
USD – Unemployment – projected slight increase although this number can always come in differently than stated. Just to watch for volatility
CAD – BOC Macklem speaks –testifying before the Standing Senate Committee on Banking also watching for volatility
GBP – Retail sales, this is moderate news but projected to decrease to -.5% from 1.2%
FRI
EUR – French and German Flash PMI –Manufacturing projected decrease, Services projected increases above 50(expansion indicator) Flash usually have a greater impact than final since it comes out first. News is mixed.

GBP – Flash Manufacturing PMI – Manufacturing slight increase to 48.8 from 48.6 but still below 50. Services PMI projected to remain unchanged.
USD – Manufacturing PMI, projected decrease from 49.2 to 49, and below 50. Not supporting USD. Services PMI projected decrease to 51.5 from 52.6, a decrease however still above 50.

EC is looking so lucrative to me i'm waiting for her as PARADISE, also NJ

Friends don't force trades just wait because these week we will bee very abundant, all pairs are doing corrections and they will fly up in trend's directions. Bee patient Just 1 example:

EN at an interesting level with possible short.
Relieved to see the Euro loosing some ground today and hoping there's more to come.

Despite of losses I took last week I am almost up 30% in 2 weeks for the month April.
I am cool with that. To me DD is reasonable bit high on EN but its coming down.
There is no perfection in trading.You do your best