Partly correct. Most of these order were placed yesterday when WR100 seemed to be able to resist and a reversal to occur. The point as you say is not to let the DD rise to much and considering lot size is very small ...

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Hi 1pipperhour, you made a good guess here. PA has just broken WR138 showing a strong bullish "marubozu" candle on H4, now is the time of patience.

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Hi Kimjoun, you should say first which pivot indicator you're using. In case you're using "Davits Pivot V3.2 Auto" you have to set param "Show all S&R to 200%" to true. Best regards, Bubincka

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Me too. And the announced rate cut even if far in time will help to reduce the kiwi value.

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Hi shotshell, far to be an expert I think that since it's more expected scenario 2. in which Fed will raise rates is a bit more priced in while scenario 1. with no rates hike could cause the dollar to drop faster. However is impossible to guess what ...

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UC is a few pips away from 1.35 and WR100 and tomorrow is the big Wednesday, let's be prepared.

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Following good outcome for ANZ Business Outlook the unstoppable march of NZD continues, it's stronger than all other currencies. Now the point is to see when it will start to reverse.

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Unexpected data coming out, e.g. French contraction and overall EUR PMI below forecast while Italy negotiations still ongoing, Brexit deal unresolved and China data printed red. All this strengthen one more time USD with dollar index currently at ...

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I had it on the radar along with other GBP pairs as well, but lacked the courage. You were brave and deserve the profit.

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Losses are normal, as we all know well because we all take some. In your case, after so many winners it's even more normal. What gives the bad feeling more than the loss in itself is when we realize we have fallen victim of greed. I think greed is ...

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Closed this too. AUD is on the rise while CAD remains weak despite oil production cut. Wanted to hold for more but after having given back 50 pips per position, I preferred to bank something. On another side, GU & EG trading ...

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It's good to begin the week with a profit in the pocket. My NJ short missed TP for a few pips, of course if I had been in front of the screen I'd close it manually, however Trade Manager did it.

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Hi Davit, me too. Now after nerve comes the time of real patience.

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Trade Manager closed my EN long, NZD begins to give back. I think this could go well further, but it's week end and since I cannot monitor my trades all the time I need EA do it for me. Not 100% sure on trailing efficiency, ...

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Hi voty, my worst entry ever. Now work commitments prevent me to manage it, 84 is gone, let's try to place some good stop/limit orders.

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Hi Chrysmere, good for you, letting a loss to become huge is a receipt for failure. However, what you affirm, even if theorically correct is controversial among traders. We can say it's highly subjective for your risk appetite / tolerance is ...

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Hi ToddyS2K, agree on CJ entry, it could be avoided and for other CAD open positions they could have been managed better before this flood of news, need to be more careful. Best regards, Bubincka

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With this bunch of high impact news on CAD due between today and tomorrow to enter on CJ long has proved to be a bet at best. Let's say that I let myself be carried away by the enthusiasm, when I could very well have waited for the voice of the ...

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CAD is becoming more and more my bugbear. Today BOC left overnight rate unchanged at 1.75% and this was largely expected nevertheless the loonie plunged hardly across the board. This leave me with two trades that were going well in DD to manage, ...

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I decided to close my short on AJ because it's already beyond WPP and probably AUD after the collapse for the GDP will bounce back a bit. Maybe early closing but I need to free some margin to offset drop on my AN long, now in considerable DD.

Pivot Trading