I remember you talking about that in the thread but have no clue how to come to that figure. Would you mind sharing so we can all have as close to the same pivot levels as you.
Heres a story ill chare with you all about patience and when I was learning FX before I started getting good.
Its starts with my mentor Dominik just taking me on after months of me trying to prove to him how bad I wanted to be a successfull trader. He finally took me on one day and gave me a series of rules to follow. The exact rules I try to enforce here. Be patient. Dont be risky. Dont take every trade because the signals have lined up. Understand why your taking the trade before you take it. Dont trade in danger zones like close tp to many pivots ect. The biggest rule is patience. So one day I had 9 trades 2 goos and 7 bad. I lost 15% of my account. Freeking out I called my mentor to detail my bad day. He tells me "im comming over" I was like sweet! He shows up at my house and goes over my trades. He then says to me " why did you make 9 trades when there was only 1 valid trade. HMmmmmmmm..... I told him I just didnt wait for the bar to close on three of them. 2 of them I thought it would go my way. And 1 was traded high risk around to many pivot and resistance. Your lucky you made what you did he says. Why didnt you follow the rules he says. I dont know I replied back. Give me your wallet he says. Ok here you go I replied back giving him my wallet and thinking nothing of it. He then proceeds to take all the cash out of my wallet and head for my bathroom. This is weird I thought, whats he gonna do. He proceeds to throw my cash in the toilet and flush it. WTF I said to him. He then says to me, this is what your doing with your money if your not going to sit and wait for the proper setups. $200 bucks gone. Then he says your going to make all those pips back and dont call me till its done. The point here is you need to have patience. I wouldnt dare make a trade thats not on a valid setup. Hope this helps some people out.
Heres a story ill chare with you all about patience and when I was learning FX before I started getting good.
Its starts with my mentor Dominik just taking me on after months of me trying to prove to him how bad I wanted to be a successfull trader. He finally took me on one day and gave me a series of rules to follow. The exact rules I try to enforce here. Be patient. Dont be risky. Dont take every trade because the signals have lined up. Understand why your taking the trade before you take it. Dont trade in danger zones like close...
Ignored
Wow , what an amazing and inspirational true story.
Hope everyone benefited from this.
P.S. : Jedi Kindly post your template again so that we all have the same Pivot Points.
Great story. Since this is my first night and I took two trades that were not perfect (only losing -10 pips total) that story hit home with me.
I just opened a demo with ibfx and my weekly pivot is now at 1.2611. I agree that if you can post your template again, we all can have the same pivots.
Cant wait for this bounce. Were in a wide open zone. Whe this bounce occures fo the upper TL it should be a fantastic sight. Keep in mind nothing is guaranteed only almost guaranteed. This should be something well worth waiting for.
I opened a demo with ibfx and my weekly pivot is at 1.2611. What I just noticed is your weekly pivot line is drawn at 1.2611 but the text says 1.2820. Is that on purpose?
ha ha I never noticed that. I think we need a nice clean indicator for my system. One that included the Stochs a colored MACD, the Emas and the weekly monthly and daily pivots.
ha ha I never noticed that. I think we need a nice clean indicator for my system. One that included the Stochs a colored MACD, the Emas and the weekly monthly and daily pivots.
Possible bearish bounce in the works. Everyone needs to be ready to trade and also watching the way the price is acting at the moment. Try to think about what youd be doing if you were long right now.
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