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Pivot Trading

  • #1,721
  • Aug 8, 2016 9:37am Aug 8, 2016 9:37am
Quoting jnetfx
short AC, from 1.006 and 1.008, aiming for 0.99800
RBA Gov Stevens Speaks tommorow
He wants Aussie lower desperately and most likely won't be too optimistic.
In trading, you have to be defensive and aggressive at the same time
  • #1,722
  • Aug 8, 2016 9:59am Aug 8, 2016 9:59am
Nice profit! I took some nice pips on this trade as well!

Quoting Davit
closed UC shorts +176pips {image}

Davit, do you think it wiser to make a move on AC tomorrow?
  • #1,723
  • Aug 8, 2016 10:06am Aug 8, 2016 10:06am
Quoting dominus
Nice profit! I took some nice pips on this trade as well! {quote} Davit, do you think it wiser to make a move on AC tomorrow?
Too bullish still Yes wait.I made the mistake shorting this early.Not perfect myself.To be honesty nobody expected Aussie to be this resilient.Its unshakable so far
In trading, you have to be defensive and aggressive at the same time
  • #1,724
  • Aug 8, 2016 10:09am Aug 8, 2016 10:09am
Quoting Davit
{quote} RBA Gov Stevens Speaks tommorow He wants Aussie lower desperately and most likely won't be too optimistic.
Quoting Davit
Hi pivoters I don't trade the yen but this looks attractive.(might break my rule)Bounce from 61S and likely test 38R 105.40 then 61R Japanese actually desperate to lower the Yen.Its appreciation is sending alarm bells Friday's job report was better then anticipated should carry bull momentum further up {image}

Hi Davit,

I hope this is not a newbie question. But would you mind explaining a bit more on the reasoning behind the central bank's intention to lower the Yen/AUD? How do you tell that the price is at a price too high for the central bank to bear?

Thank you.
  • #1,725
  • Aug 8, 2016 10:13am Aug 8, 2016 10:13am
This looks like a short
Attached Image (click to enlarge)
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  • #1,726
  • Aug 8, 2016 10:21am Aug 8, 2016 10:21am
Quoting antonym
{quote} {quote} Hi Davit, I hope this is not a newbie question. But would you mind explaining a bit more on the reasoning behind the central bank's intention to lower the Yen/AUD? How do you tell that the price is at a price too high for the central bank to bear? Thank you.
With global economies slowing down some still in recession and some heading that way its overall in this general business environment that cheaper currencies have a competitive edge.
The main reason Feds BOJ ECB were printing money to lower and stimulate investment and provide services that can compete.
Aussie ideally should be 68-70 and NZD 63-65 and this is the aim.Will it get there? I am sure it will but not sure of time frame.
In trading, you have to be defensive and aggressive at the same time
  • #1,727
  • Aug 8, 2016 10:52am Aug 8, 2016 10:52am
time to go short again?
Attached Image (click to enlarge)
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  • #1,728
  • Edited 3:03pm Aug 8, 2016 1:55pm | Edited 3:03pm
still holding AU shorts, in profit but I sense after today we are heading south deeper most likely not before Stevens gives his talk.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #1,729
  • Aug 8, 2016 5:19pm Aug 8, 2016 5:19pm
Closed A/U longs. Hedge against A/C gone now, worked well, cushioned loss carried.
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  • #1,730
  • Aug 8, 2016 8:33pm Aug 8, 2016 8:33pm
AU short seems into the right direction , but i got DD from shorting EG also DD from my previous GU longs (
anyway, love this system so much..
  • #1,731
  • Edited 8:53pm Aug 8, 2016 8:40pm | Edited 8:53pm
closed AU shorts
+134pips
chipping it away.One brick at the time
might get in on bounce again
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 32 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,732
  • Aug 8, 2016 8:55pm Aug 8, 2016 8:55pm
Quoting Davit
closed AU shorts +134pips chipping it away.One brick at the time {image}
omg, i just added another AU short and price came back up.. drop down a bit more please
  • #1,733
  • Aug 8, 2016 9:09pm Aug 8, 2016 9:09pm
Quoting dnl
{quote} omg, i just added another AU short and price came back up.. drop down a bit more please
hang in there its going down.
I reloaded from 39
In trading, you have to be defensive and aggressive at the same time
  • #1,734
  • Aug 8, 2016 9:15pm Aug 8, 2016 9:15pm
closed another batch on AU
+56+134 190pips on this swing
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 34 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,735
  • Aug 8, 2016 9:19pm Aug 8, 2016 9:19pm
61R on UC 3247 is huge psychological level.Collapse of this opens the door to 33-34
Not going to be easy to break.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 45 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,736
  • Aug 8, 2016 9:35pm Aug 8, 2016 9:35pm
Quoting Davit
{quote} hang in there its going down. I reloaded from 39
Oh yes! sorry i post sc from my phone. Can i hold AU for more drop? Im driving right now
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  • #1,737
  • Aug 8, 2016 9:51pm Aug 8, 2016 9:51pm
Quoting dnl
{quote} Oh yes! sorry i post sc from my phone. Can i hold AU for more drop? Im driving right now {image}
I am out.It could drop more but I have no clue
In trading, you have to be defensive and aggressive at the same time
  • #1,738
  • Aug 8, 2016 9:53pm Aug 8, 2016 9:53pm
Quoting Davit
closed another batch on AU +56+134 190pips on this swing {image}

I closed shorts same move for 42 pips. 42 going down + 82 going up=124.

Hi dnl I lost 28 closed out EG shorts I don't like the look of the GBP right now

Also behind 20 pips on 3 shorts on N/U at the moment, but it should drop again with rate cut expected
  • #1,739
  • Aug 8, 2016 9:54pm Aug 8, 2016 9:54pm
Quoting Davit
{quote} I am out.It could drop more but I have no clue
Argh... Davit, how can you enter and exit on the right time? Are you right in front of your chart at that moment?
sometimes i have no clue when to exit manually even if i already set my TP on Previous high/low or maybe at previous support.
  • #1,740
  • Aug 8, 2016 10:03pm Aug 8, 2016 10:03pm
Quoting Blackopal
{quote} I closed shorts same move for 42 pips. 42 going down + 82 going up=124. Hi dnl I lost 28 closed out EG shorts I don't like the look of the GBP right now Also behind 20 pips on 3 shorts on N/U at the moment, but it should drop again with rate cut expected
EG is heading towards extremely tough R's immediate 8540 61R
Asia moves most often are false specially when none Asian pairs are concern.Fake spikes are common
This are trades that I am confident of holding.
In trading, you have to be defensive and aggressive at the same time
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