Video Trade Journal by 
This was certainly a "smart money" trading day. Hedge fund managers controlled everything before and after today’s main fundamental event, oil inventories, was released. Watch this video to see how we scalped the news using a 1 min chart and also see how the professional traders were trading the 4 hour chart. You will not, because of the influence of the institutional players, today’s daily pivot points were usueless, however the weekly pivots were extremely powerful.
Very educational. Thanks
Great video, captures the moment
Very useful to remember wkly pivots and to keep track of oil!
Very useful to remember wkly pivots and to keep track of oil!
useful to remember wkly pivots and to keep a close eye on oil!
extremely useful video, a question if I may…suppose the oil inventories came out much better than expected, then would’ve oil continued dropping? and the usd/chf probably wouldn’t have hit the weekly pivot, so do you think all the reversals wouldn’t have happened? I think oil was dropping because traders were nervous about the speculation bill in congress and were just looking for a reason to go long on the new oil contracts and the oil inventories gave investors the opportunity they were looking for and then the house defeated the speculation bill and made for a very good day in oil.
i was inpressed
looking to hear more about non farm payrolls
i was inpressed
looking to hear more about non farm payrolls
Swissy hit Daily R1 at 1.0521 and reversed at inventories, what weekly pivot are you talking about? Maybe a Weekly midpivot?
swiss did hit weekly R1 at the londong open and bounced down to Daily S1 for 25 or so pips.
Cable tapped monthly main pivot at the Frankfurt open and headed up for 60 pips until ADP, reversed
at Daily M3 then down past S1 again for the 123%
extension of july 22nd high to july 24 low. Had stalls and small bounced on Weekly S1 thru out these moves.
As for euro, don’t know what your own about, weekly S2 still at 5444 and monthly S1 5423, again is this some weekly mid-pivot? Did get a decent bounce off Weekly S1 just before NY traders arrived at their desks.
Crude didn’t gain on a draw, it was unleaded, plenty of time to enter unleaded gasoline futures and grap 650 ticks. 2 decent pullbacks, trend continued for the rest of the day.
Haha!!!
Got it, recoded my pivot calculators to show weekly and monthly mid-pivots. Hey thanks for the tip, will watch these mids from now on…