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JoeeF replied Apr 7, 2019Calendar for this week. image Wed: GBP - GDP - forecast is lower then previous GBP - Manufacturing Production - forecast is lower then previous --- EUR - Main Refinancing Rate EUR - Monetary Policy Statement EUR - ECB Press Conference --- USD - ...
Pivot Trading Journal
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JoeeF replied Apr 7, 2019Some thoughts related to Fundamentals (Part #2): I still can't figure why the CAD is so weak. Good data, oil up and it got spanked hard...EC 4880!!! wow Need to wait on my UC trades and carry over next week. I just don't have the answers why. Poor ...
Pivot Trading Journal
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JoeeF replied Apr 7, 2019Some thoughts related to Trading psychology (Part #2): Another trader that I like is Richard Donchian the father of trend following and break out. What he did basically draw a channel and take every break out and some were false and some successful. ...
Pivot Trading Journal
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JoeeF replied Apr 7, 2019Some thoughts related to Trading psychology (Part #2): Just want to throw this out there. The events that happened yesterday is basically anomaly a Black Swan on G pairs. I sincerely apologize and sorry for any losses. I understand some follow my ...
Pivot Trading Journal
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JoeeF replied Apr 7, 2019Some thoughts related to Trading psychology (Part #2): Worrying and stressing is result of position size as you probably figured out correctly hence why I stress small lots so you can take trades in confidence based on the EDGE of this system by ...
Pivot Trading Journal
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JoeeF replied Apr 7, 2019Some thoughts related to Trading psychology (Part #2): I keep rereading and rereading "Trading in the Zone" by Mark Douglas Reason is every chapter is simply gold nuggets. He highly influenced how I trade. He made me understand what true probability ...
Pivot Trading Journal
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JoeeF replied Apr 6, 2019Some thoughts related to Pivots (Part #2): Watch AU EC UC EG Keep in mind that UC dropping will make AU go higher so you can't short AU and short UC same time, When you sell USD and if that works chances are USD is weak cross all majors image ...
Pivot Trading Journal
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JoeeF replied Apr 6, 2019Some thoughts related to Pivots (Part #2): EC touched R78, TDI still points upwardsish, thoughts? Watch until you see red candles and TDI turning south starting from 15min candles It is at exhaustion level. Good probability short but TDI will help ...
Pivot Trading Journal
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JoeeF replied Apr 6, 2019Some thoughts related to Pivots (Part #2): This is what I am talking about I have UC shorts in minor DD and its fine. I can easily hold this and should price jump to 3280 which is unlikely but should it get there my positions will be there and I ...
Pivot Trading Journal
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JoeeF replied Apr 6, 2019Some thoughts related to Pivots (Part #2): Just sharing trading insight Most systems are based on trends and often these systems fail badly when PA goes into a range and that happens like 70% of times. So I decided years ego that if price ranges ...
Pivot Trading Journal
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JoeeF replied Apr 6, 2019Some thoughts related to Pivots (Part #2): I like to share a technique I use with high impact news day. Let’s take example UC As you noticed price is trying to break 38R but not having very good success so far. You can anticipate spikes during news ...
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JoeeF replied Apr 6, 2019Davit: Not placing hard stop does not mean there is no stop loss.
Pivot Trading Journal
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JoeeF replied Apr 5, 2019Davit: UJ at 100R If you are short already RELAX hold You have to train your brain to accept DD as part of trading which means no stressing,panicking and if you are then you are over trading your position is too big. I rarely go over 10 dollar a pip ...
Pivot Trading Journal