Pivot Trading

If you have decided to short UJ then imo it's too early, even though price is at R100.
Everyone's trading style is different. For example, Davit shorted CJ the other day but I was looking to buy it, we both made money.
The thing is, you can buy or sell, what matters is how you manage it.

NJ daily ADR hit and in the zone as well. Possible short opportunity.

So true!

Am under water

CJ caught short nice entry. Optimal setup with ADR high, R78 and a nice demand zone, as well as a bearish 1h pinbar.

Much better than my entry

I went down a size. The reason is to improve the inputs and cuddle with it more. There's no hurry...

My positions are in red.Holding but always willing to cut if necessary.
Its just part of the business.You dont want to be burn dont become a cook

These are times when men get separated from boys

Going long on AC. AU at support, UC going up. So looks like a good opportunity.
I may be wrong so do your own analysis.

If you are still holding Cad/Jpy I would try and cut some of the position with profit from other trades as the swap is a killer. Whilst Japanese equities are still going up I don't see the Yen strengthening.

I'm out of my AC losing trade. Closed after news when it closed under S100.

Just wanted to share my recent trading journey with you all, and boy, it's been quite a ride! This month, I faced my biggest loss in the past two years, and I thought it'd be cool to remind myself (and you guys) about the mistakes I made along the way.
First things first, I always check those pivot lines from last month! If I had bothered to glance at the EU and UJ lines from last month, I would've dodged these bad trades. Lesson learned.

I also made the silly mistake of adding more positions way too soon. I mean, what was I thinking? That's not my style at all! It's like I temporarily forgot all my trading smarts.
Now, the loss is still hanging over my account, and I'm in the red DD territory. The big question for me is whether to close or hold these positions for the upcoming week. Tough decision, but I'm on it!

Listen, I hope I'm not bumming you out with these negative report. But it's trading, and we still have two more weeks to do better. Losses are part of the trading journey, and we always move on, ready for the next opportunity.

My aim here is to remind us all about the importance of sticking to our own trading rules. So, guess what? I'm creating a trusty checklist of my trade rules, my trading Bible, if you will. Gonna keep it close and consult it before every trade. No more silly slip-ups!
Let's learn from our blunders and keep growing as traders.

Cheers to better trades and brighter days!

First let me say this - I've been there and done that too. I have to congratulate you on sharing with others because until you do that you're bound to repeat the past. For me to admit that I had destroyed my account in 1 week after months of gains was heart breaking; but later therapeutic.

Let's face it - unless we admit our mistakes and failures what's to stop us from repeating the past? RULES & GUIDELINES.

Congratulations on taking that step. I'm sorry for your loss and I understand your pain.

Onward and upward!

Thank you for your transparency. Indeed, we have all been there. I have taken some losses this month too, mostly trading outside of the pivot edge, or loosely within the guidelines. Like you mentioned though, silly slip ups. Brighter days for sure!

If only the accuracy was still....

AC has recovered. Looking to give it a try one more time

I stayed in but only just. I still like the location and there wasn't too much more risk to the downside. Daily pb and pivots still good.

EC had better entry though. Missed it.

EN has a good location for long entry

Closed all AC in profit. Wanted to hold but reached ADR high. Might look to re enter if weekly pb is confirmed and on a dip / pivot.
Long - AN