DislikedHats off to you gbppip,
If you can enter trades with such cold logic and lack of emotion, you are ONE STEELY EYED TRADER.
You'll probably be rich someday. Emotion blows more accounts than systems.
Salute, Mine Captain!
ShakeyIgnored
Living in China, trading for a living 18 replies
Forex Trading for a living... anyone? 143 replies
Trading for a Living 29 replies
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Book Wanted: Trading For A Living 43 replies
DislikedHats off to you gbppip,
If you can enter trades with such cold logic and lack of emotion, you are ONE STEELY EYED TRADER.
You'll probably be rich someday. Emotion blows more accounts than systems.
Salute, Mine Captain!
ShakeyIgnored
DislikedIt's naked except for daily pivots and monthlies(Not visible)
Nothing else.
One pair... e/u.
MikeIgnored
DislikedLesson 1: Money Management
Simple: Risk no more than 2% on each trade.
Example:
I have an account with $1000.00
2% of $1000.00 is $20.
The stop loss on my system is 75.
The amont of risk/pip is 28 cents.
So – can you trade for a living if your initial capital is $1000?
Hint: NOIgnored
DislikedHello acumen, thank you for sharing your knowledge, great thread......
Can you tell which trading platform do you use for live trading.
regards
pipgameIgnored
DislikedAcumen,
Thanks for all of your input. I noticed that my broker is on a different time zone than yours, and as such the FXI Pivots indicator you posted updates later. Here is a chart of mine to compare with your chart above. Not being a programmer is there a way for me to adjust the indicator to match yours, or should this not be an issue to trade off of?
Thanks
AttachmentIgnored
DislikedHi Acumen,
I am tyring to get the same pivot values as on your chart. You say that you calculate the pivots on NYclose - are you talking about Stockmarket close or some other time for Forex.
Also what is your chart time , EST or GMT? - Because on your chart the pivot changes at midnight and I would expect it to change at the NY close time you are using.
Thanks,
IanIgnored
DislikedOnly trade the US Session and Asian when something looks good.
I honestly don't have targets... I take what the market gives.
Today she only gave me 37... yesterday she gave me 74... monday the bitch took some of my money.
This year I'm averaging about 200 PIPS/week.
MikeIgnored
DislikedMackus
Attached is an adjustable pivot calculator - it's not identical to Acumen's but will get you started.Ignored
Dislikedwhat is the GMT shift if im using FX Pro and i'm in california with pacific time -8 GMT?
also i recalled there is a site which lists the daily pivot points and stuff, but i forgot the urlIgnored
Dislikedwhat is the GMT shift if im using FX Pro and i'm in california with pacific time -8 GMT?
also i recalled there is a site which lists the daily pivot points and stuff, but i forgot the urlIgnored
Dislikedhttp://www.actionforex.com/technical-analysis/pivot-points/eurusd-(pivot-points)-200603205733/
The Action Forex website above provides updated pivots based on the NY close....Ignored
Dislikedhttp://www.actionforex.com/technical-analysis/pivot-points/eurusd-(pivot-points)-200603205733/
The Action Forex website above provides updated pivots based on the NY close....Ignored
DislikedYou know what I always liked that about you Acumen; you call it the way you see it.Ignored
DislikedYou know what I always liked that about you Acumen; you call it the way you see it.Ignored
DislikedThis is one of the best FF threads, subscribed. Thanks Acumen!!
There is only one thing I can add to it-- I also draw weekly pivot and s/r lines in addition to the daily Pivots on my chart (see my EU chart for this past week). (This can be v useful for traders who do H4 and H1 TF)
To all who have not yet tried pivots, do give it a shot and see how accurately it can be used esp for pairs like EU and GU. Seriously an awareness of general trend and these pivots where they lie is all you need.
PS- Acumen, I cannot agree more with your...Ignored