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Pivot Trading

  • #43,221
  • May 1, 2023 11:10pm May 1, 2023 11:10pm
Janet Yellen: Zahlungsunfähigkeit der USA bereits am 1. Juni möglich - DER SPIEGEL
  • #43,222
  • May 1, 2023 11:15pm May 1, 2023 11:15pm
AUD rate increase to 3.85% that's helped my EA trades
Successful trading is intrinsic to risk management and discipline
  • #43,223
  • May 1, 2023 11:31pm May 1, 2023 11:31pm
AU had to stop me out before going up. Missed all the gains. Oh well.
  • #43,224
  • May 2, 2023 2:53am May 2, 2023 2:53am
FX Street - EUR Harmonized Index of Consumer Prices - 7.0% vs 6.9% expected
However, according to FF - EUR CPI Flash Estimate y/y 7.0% vs 7.0% expected
Successful trading is intrinsic to risk management and discipline
  • #43,225
  • May 2, 2023 3:10am May 2, 2023 3:10am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,086 Posts | Online Now
On my radar to buy
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH4.png Size: 23 KB
We obey the structure that results from the market's reaction
  • #43,226
  • May 2, 2023 8:26am May 2, 2023 8:26am
EC hit ADR High 4963
In trading, you have to be defensive and aggressive at the same time
  • #43,227
  • Edited 9:07am May 2, 2023 8:33am | Edited 9:07am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,086 Posts | Online Now
Quoting Davit
EC hit ADR High 4963
I missed this one, will wait for a pullback to buy.
Rate increase already priced in.

Green pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM30.png Size: 21 KB
We obey the structure that results from the market's reaction
  • #43,228
  • May 2, 2023 8:35am May 2, 2023 8:35am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,086 Posts | Online Now
Was looking at AUDUSD but will still leave this one on the sell.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 20 KB
We obey the structure that results from the market's reaction
  • #43,229
  • May 2, 2023 8:39am May 2, 2023 8:39am
I got a small short position on EJ and Gold.
  • #43,230
  • May 2, 2023 8:43am May 2, 2023 8:43am
Rode US30 all the way down, now it's 2x ADR, back up we go.....also building NC shorts.
The net is cast on NC, employment news this evening, hopefully it spikes up and grabs ALL of my orders.
  • #43,231
  • May 2, 2023 9:04am May 2, 2023 9:04am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,086 Posts | Online Now
Not selling this, looking to BUY.
Just my two sents.
FOMC Wednesday

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM30.png Size: 21 KB
We obey the structure that results from the market's reaction
  • #43,232
  • May 2, 2023 9:32am May 2, 2023 9:32am
Quoting Egbert
Not selling this, looking to BUY. Just my two sents. FOMC Wednesday Regards {image}
Dont buy yet.
UJ is very high drop of 250pips will push down CJ around 98 area.
Look for something else
In trading, you have to be defensive and aggressive at the same time
  • #43,233
  • May 2, 2023 9:33am May 2, 2023 9:33am
NU at critical junction.
Employment could print red sending this down back to 6150 area or lower
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM15.png Size: 20 KB
In trading, you have to be defensive and aggressive at the same time
  • #43,234
  • May 2, 2023 9:59am May 2, 2023 9:59am
CAD really getting destroyed today, must be because oil is getting hammered.
  • #43,235
  • May 2, 2023 10:53am May 2, 2023 10:53am
Quoting Davit
Shorting EJ and looking to add EC as well.Right now EC going up so waiting. Its very possible almost certain ECB rate will be either No action or modest .25 raise not dramatic .50 Market has priced in .50 therefore .25 or no action will sent Euro pairs down in crashing manner Feds either no action or .25 Already lot of big stores closing, House prices down and sales down, car sales down. If Feds push on rates recession is basically guaranteed then they will start cutting. US economy is at critical stage. I think FEds made a mistake waiting too long...
I love such e setups
Attached Image (click to enlarge)
Click to Enlarge Name: ac.png Size: 21 KB
  • #43,236
  • May 2, 2023 6:13pm May 2, 2023 6:13pm
Closed my ej and gold no time to manage them this week.

Done for the week, good luck and happy pipping all, may the greens be with you.
  • #43,237
  • May 3, 2023 1:11am May 3, 2023 1:11am
Oil gets beating. Recession fears.
  • #43,238
  • May 3, 2023 8:16am May 3, 2023 8:16am
Quoting 1pipperhour
Oil gets beating. Recession fears.
Yes, my CAD positions getting a bit frustrating. How many days in a row can you max ADR? Still have a few bullets to fire before I start peeling some off.
  • #43,239
  • May 3, 2023 10:37am May 3, 2023 10:37am
Quoting pipmaster77
{quote} Yes, my CAD positions getting a bit frustrating. How many days in a row can you max ADR? Still have a few bullets to fire before I start peeling some off.
thank you for all your comments. Your experience is very helpful. May I ask, how you do that, when „start peeling some of“? Do you start with the biggest loser? I’m just interested to learn, because such Szenarios are the most important one to be longtime profitable imho…
  • #43,240
  • May 3, 2023 11:09am May 3, 2023 11:09am
Quoting kleybenny
{quote} thank you for all your comments. Your experience is very helpful. May I ask, how you do that, when „start peeling some of“? Do you start with the biggest loser? I’m just interested to learn, because such Szenarios are the most important one to be longtime profitable imho…
Doesn't matter much to me how I release them as it is just reducing overall position. However, when building the position I do not use stop losses (well emergency ones 100s of pips away), when adding those last bullets, I use some pretty tight stops. Reason being, if my trade is still valid, I want those bullets available again. So I guess, in reality, my smallest losers come off first.
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