Pivot Trading

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Originally Posted by ;

quote 2.3%, actually. 2.0% was anticipated. Therefore it beat expectations. Attention to detail is crucial.

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Damn. . I was listening to live and didn't listen to that the 2.3 then discovered the 2.0 following for its GDP price index and got them mixed up... was at work in that time so forgive me

Edit: And the guys on live talk so quickly. . IF nothing else then it really does help to verify the end of the bull run with greater than anticipated GDP not causing it to continue.

I guessed that might happen to be honest on account of the earnings reports before this week. . CAT for example came in with earnings and -6 % shut in the close of the day. . This to me shows weakness in america economy.

I truly think raising rates will turn out bad for the US... government debt is so high right now and of course household debt is at record highs... Can people deal with interest rates climbing more?

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Originally Posted by ;

quote Damn.. I was listening to live and didn't hear the 2.3 then discovered the 2.0 following for its GDP price index and got them mixed up... was at the time so forgive me Edit: And the guys on live talk so fast. . Nothing else it really helps to verify the end of the bull with greater than expected GDP not causing it to continue run. I guessed that might chance to be honest on account of the earnings reports earlier this week. . CAT for example came in with greater than expected earnings and they shut -6% at the end of the afternoon....

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Dollar bulls could only be taking profits ahead of an unclear weekend (NAFTA).

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Originally Posted by ;

quote Dollar bulls could only be taking profits before an uncertain weekend (NAFTA).

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Yes that is a very real possibility

It might go upper but I am tired of the xauusd. GA, GN, EA, EJ were great. This is sufficient for the week. Now is the kings day in Netherlands. Lets have booze, etc. and music. Https://www.forexforum.co.za/attachments/1524888860.png
Thanks all.
https://www.forexforum.co.za/attachm...0828709908.jpg

I had a great week complete way over 10 percent to its month.Could continues to be lot greater week was holding EA UC for BO which so much has not occurred but was in good profit....at one stage both pairs...
That is how it is sometimes it breaks you make lot of money other times bounces right up ingesting the profits.I learned to accept it.
My graph for this week.Let that the haters start...https://www.forexforum.co.za/attachments/1524888864.pnghttps://www.forexforum.co.za/attachments/1524888865.jpg ideal score! Https://www.forexforum.co.za/attachments/1524888865.jpghttps://www.forexforum.co.za/attachments/1524888865.jpg that is $440 per day of trading this week.Certainly beats my routine occupation.

Thank you for your participation! And wish you good results
https://www.forexforum.co.za/attachm...2381198241.jpg

PLAN:

Monday:
NZD Business Confidence
AUD RBA Gov Speaks
Wait and see what happens.

Tuesday:
AUD Cash Rate 1.50 percent, anticipated no change but if they'll increase... AUD will rocket into the skies!
AUD RBA Condition Declaration
GBP manufacturing PMI anticipating red 54.9
GBP maybe go lower at the start of the week
CAD GDP: anticipating green amount 0.3 percent
USD ISM Manufacturing PMI 58.6 anticipated
so after GBPUSD will drop down then maybe buy GU
CAD BOC Gov Poloz Speaks - anticipating nothing special here

Wednesday:
NZD employment shift anticipated positive 0.6 percent
NZD unemplyment rate 4.5 percent no change
if green amounts then will hunt setup for longs on NZDCAD, maybe NZDUSD

GBP construction PMI anticipated green number 50.9
here maybe hunt for longs on GBP

Crude Oil Inventories
USD ADP Non-farm-Employment Change anticipating worst 194.
FOMC, Federal Funds Rate anticipating no change 1.75 percent
maybe dollar at the start of the week will enter correction

Thursday:
AUD Trade Balance anticipating green amounts: 0.95B
nevertheless holding AUDCAD longs. So maybe AUD will get electricity this week.

GBP Services PMI anticipating green amounts 53.3
so after correction about the GBP maybe GBP will start to gain
CAD Trade Balance no forecast nonetheless
USD ISM Non-Manufacturing PMI 58.1 anticipating worse

Friday:
PAYROLLS ELDORADO DAY
AUD RBA Monetary Police Statement do not really understand what to expect
USD Average Hourly earning m/m 0.2 percent
Non-farm Employment Change PAYROLLS: anticipating quite positive : 185K
Unemployment Rate: anticipating lower 4.0 percent


very mixed week. Hard to say...

TO ALL THE TRADERS WHO DID GOOD TODAY AND MOREOVER POSTED THE RESULTS. CHEERS TO YOU GUYS. https://www.forexforum.co.za/attachments/1524768408.png https://www.forexforum.co.za/attachments/1524768409.png

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Originally Posted by ;

quote Oh yeah, on the same trade as well . . Nice ... picture

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that I chickened out, shut it for 35 pips ... Should've stay riding it . . Pivot really helps me providing a structure to the price. Thank you .

Euro falling nicely now
https://www.forexforum.co.za/attachm...8919107499.jpg

Closed EURJPY @WP and EURAUD @R38 500 pips. you helped me a lot with your post changed my mindset. Deeply grateful for what you're currently doing.

This week's equity curve

https://www.forexforum.co.za/attachm...1766962016.jpg

And since I've been following your egy (red line onwards)

https://www.forexforum.co.za/attachm...3346219337.jpg