Thread: Pivot Trading

Originally Posted by ;

Next week outlook Australia market seems to be stalling a little, GDP growth pointing down with decreasing numbers since July 2017, right now quarterly GDP growth reaches .4%. The Australian market improved 0.4 percent in the December quarter of 2017, less than market consensus of a 0.6 percent growth and after an upwardly revised 0.7 percent growth in the prior quarter. It was the weakest growth rate as a contraction in the September quarter 2016, as positive contributions mainly came from final consumption expenditure while non-dwelling...

Not certain why you'd be bullish on CAD considering NAFTA stays the massive problem and yes inflation looks large, but it overlooked that the markets expectations and Poloz stated he was searching for more. If we did notice a little bit of drawback it would be caused by profit taking.

I would not state that the USD is overbought. The market has been responding to yields touching 3% and there is even talk of this being as large as 3.5% to 4% by year end. I wouldn't say the dollar is overbought in comparison to some currency right now because the FED are in a trekking cycle. Take into account that the FED is not fully data dependant the market doesn't respond to every economic data release we get via the calendar. For instance look at the USD GDP release Friday just gone, there was little response.

Originally Posted by ;

quote Not certain why you would be bullish on CAD considering NAFTA is still the massive problem and yes inflation appears high, but it missed the markets expectations and Poloz said he was looking for more. If we did see a little bit of drawback it would be caused by profit taking. I would not state that the USD is overbought. The market has been reacting to yields touching 3% and there's even talk of it being as high as 3.5 percent to 4% annually. I wouldn't say the dollar is overbought compared to any currency right now as the FED are in a hiking cycle. Additionally...

Hi Son
Reaction can come after May 2nd or right before rate decision.IMO USD sell off onward for the remainder of the month most probably.
In fundamental conditions USD is priced in cross the board. UJ is example quit going north and that is true all majors

Originally Posted by ;

quote Hi Son Reaction can come after May 2nd or before rate decision.IMO USD sell off onward for the rest of the month probably. In basic conditions USD is priced in cross the plank . UJ is very good example stopped going north and that is true all majors

I have been made aware that Barclays anticipate weak dollar selling for month end flows.

In regard to CAD I am struggling to see any fundamental that could make it bullish. Oil gains will purely just be opinion for CAD with the major factors being good CPI a Nafta deal that will make it bullish.

I do not think anybody is expecting fireworks from the FED minutes this week, but you never know in this match

From last week's 3.03 to now. It may be the indior of this week's correction. (Just guessing.)

Originally Posted by ;

quote I've been made aware that Barclays anticipate weak dollar selling for month end flows. In regard to CAD I'm struggling to see any fundamental that could ensure it is bullish. Oil gains will purely just be opinion for CAD with the major variables being good CPI a Nafta deal that will make it bullish. I don't think anybody is expecting fireworks from the FED moments this week, however, you never know this match

I'm bullish on the CAD vs USD not so against AUD NZD or Yen so UC could fall by just weakness of USD and not necessarily strength of the CAD

AJ was finding a good support around this region....last week's pos still busy

Originally Posted by ;

quote I am bullish about the CAD vs USD not so against AUD NZD or Yen so UC could drop by just weakness of USD rather than necessarily potency of the CAD

loathed enough CAD includes a bid versus other currencies just not USD. Riot is running until minutes that are .

Vintage system transaction!
NJ

Originally Posted by ;

Good setup for me personally GBP/NZD but to much dread and I've to learn to follow and also add orders...(don't look at new indi with wrong offset) picture

Agree with GS re NU trade - far too much USD strength to consider the long on NU. If you're new to this method, return to the basics, read the entire 890 pages, (most important page however is page) consume the thoughts, go away and examine the set-ups, paper trade or better still - try actual trading, but using a single entrance at 0.01 lot dimensions and concentrate on price action from the 61-100 zone. Get real comfy doing so over and over again and the fear will proceed.

Best information on this thread is the idea of your very own weekly plan. Unless you have defined some parameters to your potential 14, you can not trade. That way you don't have any fear. No-one posting, details or commerce thoughts of the trades with this platform, knows where price will go in the future. But you need to stack the odds in your favor by creating a border that applied over and over again, over a sequence of trades, means that you trade with no fear or emotion, but with odds on your side.

do not be attempting to go long GU now.Too much south pressure plus Carney talking which I presume he may do some verbal damage control.
If US GDP prints crimson there will be a dip most likely but if green this infant drops further.Don't stand facing the train now