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Attachments: Pivot Trading
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Pivot Trading

GA could be good for shorts. At good resistance on the weekly. Currently at 1.91. Could go to 1.92.
R78 and ADR exceeded. Looking like good confluence.
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Successful trading is intrinsic to risk management and discipline
Some of JPY pairs at good levels. Looking for longs.
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Long entry of EJ
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LONG ON EG
Quoting fxandthedax
{quote} There are only 2 templates , the indicator is not there. You may have the indicator?
Attached File(s)
File Type: ex4 ZUP_v135_ALL.ex4   247 KB | 34 downloads
Attached File(s)
File Type: ex4 PZ_Harmonic.ex4   59 KB | 37 downloads







try these
Attached File(s)
File Type: ex4 ZUP_v135_ALL.ex4   247 KB | 78 downloads
File Type: ex4 PZ_Harmonic.ex4   59 KB | 82 downloads
Hello Davit,

great thread and strategy. I found it a couple of weeks ago and reading itt horoughly and making notes along the way, now being a couple of hundred pages in.

I really like your concept of position building and stop loss based on $amount instead of hard stop loss, and already put it to work successfully. My only problem with it is practicallity in some situations. How would you exit a loosing trade manually if you are not monitoring your trade all the time. Lets assume your trade would go over your $amount for a stop loss during your sleep. Do you still have a hard SL for those situations as back up or?

If this was answered somewhere in the next hundred pages i didn't read yet, i am deeply sorry.

Br,
Juri
I have gone long NZD/CAD as I expect a bit of profit taking before CAD GDP. Chinese data is out of the way so USD news will be in focus now.

Target S1, however I will close if it can't take out the round number as that would signify another lower high intraday.
Fibonacci Pivot Points: Advanced Forex Indicator for Trading Strategies and Market Trends (actionforex.com)

Sorry I don't have meta trader.

Closed. Couldn't even make it to 82.
Quoting nittohanns
GA could be good for shorts. At good resistance on the weekly. Currently at 1.91. Could go to 1.92. R78 and ADR exceeded. Looking like good confluence. {image}
Yup....it looks high probability short setup
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Patterns all the way from Month to hour.. waiting for 15min
sold Gbp/aud
Quoting StarChild10
{image} {image} {image} Patterns all the way from Month to hour.. waiting for 15min
I think 1h or 4h confirmation will be a much better option
[quote=alish746;14443787]{image} LONG ON EG[/quote
That's a simple and clean template. Do you mind if you could share your template ? Especially the ADR indicator. Cheers.
Quoting juri93
Hello Davit, great thread and strategy. I found it a couple of weeks ago and reading itt horoughly and making notes along the way, now being a couple of hundred pages in. I really like your concept of position building and stop loss based on $amount instead of hard stop loss, and already put it to work successfully. My only problem with it is practicallity in some situations. How would you exit a loosing trade manually if you are not monitoring your trade all the time. Lets assume your trade would go over your $amount for a stop loss during your...
Hi Juri,

Welcome to the thread. Just keep reading. Davit will probably answer when he can, he has his own way of exiting losing trades, based on what he knows about the pairs he is trading. And yes, he has answered this question many times. It is more of a personal decision, he does seem to exit manually though from what I have seen. He does tend to focus more on a person learning the system and using their own critical thinking to decide how they want to trade.

There is an indi somewhere that averages a basket of trades to give you an exit to accommodate whatever loss you decide, 3%-4%. Some here aim for 3% drawdown on any trade with multiple entries. It is a continuing exercise in discretion, pivot levels and fundamentals. Good luck!
Watching NC long between S61-S78. Looks like a nice opportunity.

Who sold JPY, CONGRATULATIONS!!!


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Expect a little volatile market today as it's month end. So these moves are nothing weird.

EG hit S100 and ADR low. Depends on your risk appetite when to go long. I will wait 0.859-0.857 area. If not hit, no trade.
100 pips profit in, another 100 pips to go.
target 1.0560
now almost half way there!
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Quoting emmkwad
hi guys took a long break but was still following watching EURJPY closely for sells
EURJPY selling nicely
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Expecting further sells on EURJPY after some retracement
Also watching GBPJPY for sells
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Increased trade size on my favored pairs a bit and got my 10% in May.

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Quoting nittohanns
GA could be good for shorts. At good resistance on the weekly. Currently at 1.91. Could go to 1.92. R78 and ADR exceeded. Looking like good confluence. {image}
I hope some of you took the GA trade. Great move from R100 (weekly resistance). Nice weekly pinbar forming now.
Successful trading is intrinsic to risk management and discipline
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