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Pivot Trading

  • #43,561
  • Jun 7, 2023 9:13am Jun 7, 2023 9:13am
Quoting 1pipperhour
{quote} Boom!
it was a huge blast
  • #43,562
  • Jun 7, 2023 3:54pm Jun 7, 2023 3:54pm
Quoting Davit
Hi Pivoters Sorry being MIA basically dodging the bullets now. Have CAD sells so waiting for Rate Decision then CAD should be dumped massively. Waiting patiently.
Hi Folks !!
Davit posted this 2 days ago !!!!
Fundamentals , Pivot Points , Technical trading , SCREEN TIME !!!!
When I see Davit post remarks like this , I literally lick my lips because I've seen him be successful on these setups pretty much 100% of the time !!!!

Now , I AM WAITING TO REVISIT S61 TO SEE IF S78 OR S100 IS REACHED. I will be looking for LONG ENTRIES PERSONALLY.
Since I'm Canadian , 25 Basis Point Hike in Canada , is going to pile on a "World of Hurt" to this Country.

Sincerely , GE
"Define the risk OUT of your trade"--Mark Douglas
  • #43,563
  • Jun 7, 2023 9:31pm Jun 7, 2023 9:31pm
If you're trading the UC this week , tomorrow MIGHT be somewhat mundane , MIGHT !!!!
Friday is CAD Employment Data , a significant miss or a significant gain , COULD SPARK QUITE A RALLY ON THE DAY !!!!
Currently , I'm on the sideline waiting to see what the Asian Session brings followed by the New York Session.
If I don't see a decent setup , I simply wait for next week.
A valuable lesson that I learned from the Senior Traders on this thread is , "DON'T GAMBLE "!!!! , "TRADING IS WAR "!!!! , "DON"T GET IN FRONT OF A FREIGHT TRAIN , YOU WILL LOSE EVERY TIME" !!!!
I realize that this post gives the impression that I'm "fence sitting" , I am. Sometimes , "fence sitting" is a prudent trading bias to hold.

Regards ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #43,564
  • Edited 3:24am Jun 8, 2023 1:13am | Edited 3:24am
I have NC buys, UJ sells and AZ Sells... All quite a lot in draw down allready, but I still have some room to my mental stop loss... If prices will not make any significant change, I need to cut...
  • #43,565
  • Jun 8, 2023 7:14am Jun 8, 2023 7:14am
If you ask me then seems like CJ is testing supply and still wants to go higher. Interesting.
  • #43,566
  • Jun 8, 2023 6:43pm Jun 8, 2023 6:43pm
EC Buys, 4H TF
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Seek first to understand, then to be understood
  • #43,567
  • Jun 9, 2023 2:32am Jun 9, 2023 2:32am
If possible I will re-enter at pullback.

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  • #43,568
  • Jun 9, 2023 4:40am Jun 9, 2023 4:40am
Quoting 1pipperhour
If possible I will re-enter at pullback. {image}
I wouldn't short until there is a strong reversal sign
  • #43,569
  • Jun 9, 2023 5:11am Jun 9, 2023 5:11am
Quoting alish746
{quote} I wouldn't short until there is a strong reversal sign
Did I short it?
  • #43,570
  • Jun 9, 2023 5:51am Jun 9, 2023 5:51am
Quoting 1pipperhour
If possible I will re-enter at pullback. {image}
I may enter long after the news, daily trend is up, JPY is weak. Not expecting and bad surprise with the data but still going to see first before I enter. A pullback would be nice in the next hour or so but if there isn't one, this still works I think.
  • #43,571
  • Jun 9, 2023 7:42am Jun 9, 2023 7:42am
Bad numbers, some relief for CAD shorts.
  • #43,572
  • Jun 11, 2023 2:09pm Jun 11, 2023 2:09pm
Possible one to watch - UC longs
However, CPI on Tues and PPI and rate decision on Weds which may influence.
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Green pips for the week ahead all!
Successful trading is intrinsic to risk management and discipline
  • #43,573
  • Jun 11, 2023 2:17pm Jun 11, 2023 2:17pm
Another one which may provide some results - AN shorts
Watching NZD GDP on Weds expected to have declined by 0.5% on the previous release but the estimate is low at 0.1% and a green number would help shorts.
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Successful trading is intrinsic to risk management and discipline
  • #43,574
  • Jun 13, 2023 7:36am Jun 13, 2023 7:36am
US CPI numbers red, so the question is, are they going to raise rate tomorrow...
If they do, $ will fly I think.
  • #43,575
  • Jun 13, 2023 9:48am Jun 13, 2023 9:48am
Quoting 1pipperhour
US CPI numbers red, so the question is, are they going to raise rate tomorrow... If they do, $ will fly I think.
hopefully not. I have still some UJ shorts... I consider to close them before the news...
  • #43,576
  • Edited 10:11am Jun 13, 2023 9:48am | Edited 10:11am
Quoting 1pipperhour
US CPI numbers red, so the question is, are they going to raise rate tomorrow... If they do, $ will fly I think.
But expected was 4.1%, this is slightly better. Core MoM was 0.4% (as expected)

I think it's very possible for a pause on the rate hike tomorrow.
  • #43,577
  • Jun 14, 2023 9:36am Jun 14, 2023 9:36am
EJ short at 5123

Ridiculous level
In trading, you have to be defensive and aggressive at the same time
  • #43,578
  • Jun 14, 2023 11:33pm Jun 14, 2023 11:33pm
AN shorts since last week, played out yesterday, patience pays
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Seek first to understand, then to be understood
  • #43,579
  • Jun 15, 2023 1:10am Jun 15, 2023 1:10am
Quoting Davit
EJ short at 5123 Ridiculous level
with the swap it is not worth it.
  • #43,580
  • Jun 15, 2023 1:34am Jun 15, 2023 1:34am
Quoting Steamroller
{quote} with the swap it is not worth it.
Good point. Thank you for pointing this out. I often forgot the swap in the past... My swap on my open UJ trades at the moment is already sooo high
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