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Attachments: Pivot Trading
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Pivot Trading

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I went short on EC, I hope it works for me
Short AU
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Successful trading is intrinsic to risk management and discipline
Quoting pipmaster77
Yes, pivots rock. I shorted EURAUD from R61 to pivot, entered yesterday and then got the exact same set-up and did it again this morning. I am short NZDCAD, at R61 and over 200% ADR.
Will be watching this in the next few hours (once spreads normalize) to either add with a very tight stop or close the loss.
Gladly as Judge released Crypto XRP and is now trading Live... I made $4K since last evening because of the announcement. Yahoo......
You NEVER will be the person you could be, without pressure & discipline
hello all,

hope all are fine,

today is correction day. im long usd
Quoting maxcapital
hello all, hope all are fine, today is correction day. im long usd
ME TOO
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DOLLAR INDEX
Quoting MuniFX
{quote} shorted at 1.4660 above r78 +125% adr
2nd entry eurcad at 1.4825 (above r161 r3 145% adr)
average price at 1.4742
Muni loves you all!
Quoting MuniFX
{quote} 2nd entry eurcad at 1.4825 (above r161 r3 145% adr) average price at 1.4742

For me these ADR extensions 120%+ doesn't seem to be very effective at weeks like this. 80-120% are good reversal points, but once its 120+ across the board to me this says fundamentals are king and will decide to shoot ADR 150+ easily, regardless of pivot confluence. But that's just my own experience.
Quoting MuniFX
{quote} 2nd entry eurcad at 1.4825 (above r161 r3 145% adr) average price at 1.4742
disclaimer: for consecutive entries i try to get the average price as close as possible to the next weeks pivots (for shorts - above next wpp; for longs below next wpp) , the entries may lack the confirmation of price action and therefor might be very risky (but are within my risk parameters)
Muni loves you all!
Quoting Robertk
{quote} For me these ADR extensions 120%+ doesn't seem to be very effective at weeks like this. 80-120% are good reversal points, but once its 120+ across the board to me this says fundamentals are king and will decide to shoot ADR 150+ easily, regardless of pivot confluence. But that's just my own experience.
yes. i am aware that fundamentals dont respect these levels. thank you for sharing your thoughts.
Muni loves you all!
as a reminder: also davit states on page 1..

Should price smash 100 S/R then you are in strong trend supported by fundamentals.

at this point its countertrend trading (what i did).. and not really in line with davits pivot strategy
Muni loves you all!
Quoting MuniFX
as a reminder: also davit states on page 1.. Should price smash 100 S/R then you are in strong trend supported by fundamentals. at this point its countertrend trading (what i did).. and not really in line with davits pivot strategy
I too had quite some extended pivot and adr trades this week. Blind non-pa entries even because r/r and other technicals allowed it. Unfortunately ending this week -1.5%, unless this last uc short from 30min ago will recover some of it...

All trades placed according to my system. Not much more i can do..
Yes, not quite understanding the fundies behind the CAD weakness in relation to the crosses. Good jobs last week, rate hike this week, oil is up.........all market maker manipulation. I just trimmed some NZDCAD, but I trade small enough to hold.
Quoting MuniFX
{quote} 2nd entry eurcad at 1.4825 (above r161 r3 145% adr) average price at 1.4742
closed 2nd entry +40
1st entry still running
Muni loves you all!
Quoting pipmaster77
Yes, not quite understanding the fundies behind the CAD weakness in relation to the crosses. Good jobs last week, rate hike this week, oil is up.........all market maker manipulation. I just trimmed some NZDCAD, but I trade small enough to hold.
The benefit of trading multiple, small positions.......after averaging in closed NZDCAD and EURCAD both with small profit overall. Still holding a small bit of EURCAD short.
sold eurusd (1.1248)
Muni loves you all!
Quoting MuniFX
{quote} closed 2nd entry +40 1st entry still running
will decide after cad news if i add to eurcad or wait some more
Muni loves you all!
Quoting MuniFX
sold eurusd (1.1248)
sl at 1.1272
Muni loves you all!
i am watching audnzd for possible shorts
Muni loves you all!
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