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Pivot Trading

Made some pips on AZ now waiting for price to hit 100 for AU.

AUD is expecting cash rate to be the same next week, don't see it crashing to 138. But you never know, will see price action.
Just added to EA. R100, ADR high reached. AUD CPI data to watch for this morning, hoping for green release.
Successful trading is intrinsic to risk management and discipline
EJ fell today from R100 to S61
Successful trading is intrinsic to risk management and discipline
Quoting nittohanns
EJ fell today from R100 to S61
Unless there is clear risk on/risk off sentiment I struggle to trade EJ as I can never manage positions sizing for the size of the market waves. If you fight the trend you can easily blow your account!
Hi guys
I anticipate not much will happen until we get closer to May 4th ECB rate.Any-case I am in short EN and EC
JUst matter of waiting.

This system performs best when there are more swings but obviously Feds and ECB decisions are putting dumper on it for now.This is the time when scalping for short gains are ideal until big moves.
In trading, you have to be defensive and aggressive at the same time
What a move in all EUR pairs... I´m glad, that I reduced my lot size a lot. But still, slowly its getting uncomfortable... Lets see, what price will do. If it will not show any stop signs, I will start to close out some losing positions....
the only place success comes before work is in the dictionary
Holding some positions of EC short as well. As we are in a trading zone planning to add at R100.
Swap is positive so not worrying much.
I am holding my AU Long's though I think I might have to hold it for a while. I have my stop loss below 138 lets see how prices move this few days.
I think EU would have caused a lot of people to blow their account this week. I am not trading Euro until May 4th is over.
EU Classic pump and dump. I’m gonna sell the heck of this when catalysts tell me to. ECB needs to react with higher rates imo. It’s gonna drop big cause a lot of company’s can’t handle rate going up.

but only my opinion!
Quoting maxcapital
EU Classic pump and dump. I’m gonna sell the heck of this when catalysts tell me to. ECB needs to react with higher rates imo. It’s gonna drop big cause a lot of company’s can’t handle rate going up. but only my opinion!
I've loaded myself badly into GBP/CAD...I'm thinking of ending it..but on the other hand I have a strong feeling that it's too artificially driven.
I don't know...


But as Davit wrote...everyone is waiting for the ECB and the Fed. But I've pretty much ruined my month. But that's just my fault... Fucking pound
It's not a dream. Chipsa is real!
Quoting John Chipsa
{quote} I've loaded myself badly into GBP/CAD...I'm thinking of ending it..but on the other hand I have a strong feeling that it's too artificially driven. I don't know... But as Davit wrote...everyone is waiting for the ECB and the Fed. But I've pretty much ruined my month. But that's just my fault... Fucking pound
Right there with ya. Small positions, but geez, it's up 500 pips since beginning of last week, pull up a 4 hr, there are only 3 bear candles.......absolutely no pull backs. It's all manipulation.
Quoting pipmaster77
{quote} Right there with ya. Small positions, but geez, it's up 500 pips since beginning of last week, pull up a 4 hr, there are only 3 bear candles.......absolutely no pull backs. It's all manipulation.
Yeah, but I'm not enjoying it. But I know if I shit on it now, it'll come off. I'd like to wait for the GDP CAD on Friday.. let's see there might be a boost to the CAD...

If that forming PIN BAR holds and closes. Could be momentum down too...

Let's do it like with GAME STOPE... Let's play on our own MM...
It's not a dream. Chipsa is real!
Nice 4H pinbars (just closed) on EC and EA. Lets hope this is an indicator for a substantial fall.
Successful trading is intrinsic to risk management and discipline
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With ADR High for my target
Nothing is impossible - IHS
Quoting John Chipsa
{quote} Yeah, but I'm not enjoying it. But I know if I shit on it now, it'll come off. I'd like to wait for the GDP CAD on Friday.. let's see there might be a boost to the CAD... If that forming PIN BAR holds and closes. Could be momentum down too... Let's do it like with GAME STOPE... Let's play on our own MM...
CAD forecast is negative for Friday, although- I've noticed that the craziest negative forecast in the world suddenly turns positive when the market is overstretched. Almost as if the numbers are manipulated. I'm assuming the same will likely happen come Friday. I'm sticking to my shorts regardless. A market can only go on for so long without retracing.

Edit- that being said, EURCAD is falling nicely at the moment.
Quoting Egbert
{image} {image} {image} With ADR High for my target
Hit target right to the pip.
Quoting E7i
{quote} CAD forecast is negative for Friday, although- I've noticed that the craziest negative forecast in the world suddenly turns positive when the market is overstretched. Almost as if the numbers are manipulated. I'm assuming the same will likely happen come Friday. I'm sticking to my shorts regardless. A market can only go on for so long without retracing. Edit- that being said, EURCAD is falling nicely at the moment.
Manipulation (most likely) or the numbers are already baked in....buy the rumor, sell the news....or in CAD case sell the rumor, buy the news.
This system provides the best road map for entries and exits. However, the true skill in trading is determining where the MM are going to move the price. Exactly why multiple small trades, casting a net over the zone (61-100) is the way to build positions.
Quoting pipmaster77
{quote} Manipulation (most likely) or the numbers are already baked in....buy the rumor, sell the news....or in CAD case sell the rumor, buy the news. This system provides the best road map for entries and exits. However, the true skill in trading is determining where the MM are going to move the price. Exactly why multiple small trades, casting a net over the zone (61-100) is the way to build positions.
Completely agreed, friend
Quoting E7i
{quote} CAD forecast is negative for Friday, although- I've noticed that the craziest negative forecast in the world suddenly turns positive when the market is overstretched. Almost as if the numbers are manipulated. I'm assuming the same will likely happen come Friday. I'm sticking to my shorts regardless. A market can only go on for so long without retracing. Edit- that being said, EURCAD is falling nicely at the moment.
I screwed up badly this month, then I'll post it here, but you know why it's dropping? Because I closed the wrong open shorts...haha... I'll post it tomorrow, for info...
It's not a dream. Chipsa is real!
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