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Pivot Trading

  • #10,661
  • Jun 30, 2017 6:14am Jun 30, 2017 6:14am
Results for Q2 : ( April 2017 - June 2017)
Account grew up during this Quarter by : +41,06%
Winner trades % : 66%
Loser trades % : 34%

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_154.png Size: 58 KB


Had to cut some EG trades at the beginning of June to stay clear on DD and stay safe.
Still have open positions on AN, NU and EG.

Though you can get to the conclusion that i'm more of a Machine Gun user (Only 66% of targets hit) than a sniper

PS : Thanks for every contributor on this thread.
"Letting losses run is the most serious mistake made by most investors."W.O
  • #10,662
  • Jun 30, 2017 8:43am Jun 30, 2017 8:43am
Hello , Nice looking profitability..keep it up Congratulations.

Am a bit new to this system but 've been around to know that this can work , can anyone give an idea of the normal drawdown levels which can be acceptable with the many users here.

Don't mind but am just a bit curious. at the moment am a trend trader and use these beautiful pivots to take profits.

this is my stats https://www.myfxbook.com/portfolio/mt4-25487/2158789

for those of you who don't use myfxbook - my stats look like 8% gain to DD of 1.7% for a month.

Just want to know is profitability vs Drawdown with the system used by users on this thread

Thanks
  • #10,663
  • Jun 30, 2017 8:55am Jun 30, 2017 8:55am
Quoting Davit
{quote} Could you post a chart? Its important where you started shorting.July NFP usually 1st Friday 1st week should provide incentive for USD bulls to return. Every time we have holiday like 4th of July markets go in extremes.I think things will settle down next month.
always interesting about Friday NFP, big mover, cant wait what happen then
I know one thing, that I know nothing - Socrates
  • #10,664
  • Jun 30, 2017 10:51am Jun 30, 2017 10:51am
Great results thanks Davit, and everyone else

Anyone have a good "close all bottom only for the current symbol" ? thanks happy weekend
  • #10,665
  • Jul 1, 2017 1:53am Jul 1, 2017 1:53am
Quoting vinod.aiyer
Hello , Nice looking profitability..keep it up Congratulations. Am a bit new to this system but 've been around to know that this can work , can anyone give an idea of the normal drawdown levels which can be acceptable with the many users here. Don't mind but am just a bit curious. at the moment am a trend trader and use these beautiful pivots to take profits. this is my stats https://www.myfxbook.com/portfolio/mt4-25487/2158789 for those of you who don't use myfxbook - my stats look like 8% gain to DD of 1.7% for a month. Just want to...
Pls forgive me if I am wrong


Since there is no reply , I will have to take it as no body here has a decent record or they trade demo accounts , in any case their best answer to me would be to Ban me from the thread stating some or the other reason which is illogical as usual.



You go to any big money /smart money clients - the first thing they ask is Drawdown & not how much returns you can give... if you make 100% per month but have more than 50% DD ..then that system/trader is considered nothing better than a LOOSER.

"REAL PROFFESIONAL TRADERS" manage millions of dollars and the return they give is close to 20% per YEAR...you go by what these noob's say here is like 40% per month...completely inaccurate without knowing the drawdown.. In my early years as trader I doubled my account every week.

THE MARK was correct ..all you guys following a failed system..if you still want to follow such stupid system..ask the so called senior traders to show their 500 trades history in myfxbook..

My advise to new traders.......Don't get conned by a nobody who will one day eventually sell you his secret for money once he is famous enough..Wake up newbies.

Hope people here take this advise seriously and not waste time here..


Take care
  • #10,666
  • Jul 1, 2017 2:09am Jul 1, 2017 2:09am
1st I would like to cong, well done
2nd if Am not wrong u have been trading system since Apr 2016
so actually u r trading in t range, selling highs n buying lows using > H1 charts

u might test or update 4 t trending markets
my2cnts
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 42 KB
WaBaS Where are Buyers and Sellers
  • #10,667
  • Jul 1, 2017 2:13am Jul 1, 2017 2:13am
Quoting liamseden
Results for Q2 : ( April 2017 - June 2017) Account grew up during this Quarter by : +41,06% Winner trades % : 66% Loser trades % : 34% {image} Had to cut some EG trades at the beginning of June to stay clear on DD and stay safe. Still have open positions on AN, NU and EG. Though you can get to the conclusion that i'm more of a Machine Gun user (Only 66% of targets hit) than a sniper PS : Thanks for every contributor on this thread.
t bolded words is t root of FX trading
when u know/believe u have winning system all together w/ t mental strength, u can cut losers early n jump in next trades
WaBaS Where are Buyers and Sellers
  • #10,668
  • Edited 2:43am Jul 1, 2017 2:29am | Edited 2:43am
Quoting vinod.aiyer
{quote} Pls forgive me if I am wrong Since there is no reply , I will have to take it as no body here has a decent record or they trade demo accounts , in any case their best answer to me would be to Ban me from the thread stating some or the other reason which is illogical as usual. You go to any big money /smart money clients - the first thing they ask is Drawdown & not how much returns you can give... if you make 100% per month but have more than 50% DD ..then that system/trader is considered nothing better than a LOOSER. "REAL PROFFESIONAL TRADERS"...
Vinod,

Let me add my 2 cents.

Lot of people on this thread that I know of, including me, are trading live. Just because someone did not answer your question should not be a reason for you to make assumptions. Having said that, no one ever claimed that this system (or any system for that matter) has no or relatively low drawdown. We trade this system anticipating some drawdown and to me that is part of the game. Infact one of the characteristics of the system is to enter small and keep scaling in at price levels if PA shows promise. Managing draw down, entries and risk is not and cannot be mechanical; that is where all of us try and read PA and take the best entries. Who knows when and why the price will move anyway...

Besides, why do you expect anyone to share their trades on myfxbook? I dont think that is a mandate - how many serious traders do you really see using an online trade log? And am I or anyone else even answerable to you? NO...

We saw comments from TheMark the other day and now you - my simple question to you is, did anyone ever invite you, TheMark or anyone else to this thread claiming this is the best system ever? NO, right? I am sure you must be damn successful with your trading - if that is indeed the case, why are you lurking here????

Not necessarily all systems will suit everyone's personality - all here are mature enough to know they have serious money on the line - they are good enough to take their own decisions and learn. Why do you want to be a preacher? I really do not prefer debating how good or bad this or any other system is - I have seen traders making money with simple MA crossover systems and people losing tons with very sophisticated algo based systems - so no holy grail here.

We are fellow country-men - if you still want to debate, lets meet over a drink and share thoughts. To me this is a serious place where serious traders discuss ideas - lets not talk junk here and waste everyone else' time.

Cheers
Fall seven times, stand up Eight! #GGMU
  • #10,669
  • Jul 1, 2017 2:46am Jul 1, 2017 2:46am
[quote=vickym;10042043]{quote} Vinod, Let me add my 2 cents. Lot of people on this thread that I know of, including me, are trading live. Just because someone did not answer your question should not be a reason for you to make assumptions. Having said that, no one ever claimed that this system (or any system for that matter) has no or relatively low drawdown.

hmmm... i am out of here , since you are indian you may know the plight of the blind followers of so called saints..any ways take care
  • #10,670
  • Jul 1, 2017 2:49am Jul 1, 2017 2:49am
[quote=vinod.aiyer;10042060]
Quoting vickym
{quote} Vinod, Let me add my 2 cents. Lot of people on this thread that I know of, including me, are trading live. Just because someone did not answer your question should not be a reason for you to make assumptions. Having said that, no one ever claimed that this system (or any system for that matter) has no or relatively low drawdown. hmmm... i am out of here , since you are indian you may know the plight of the blind followers of so called saints..any ways take care
Wise decision that will benefit all - cheers
Fall seven times, stand up Eight! #GGMU
  • #10,671
  • Edited 4:02am Jul 1, 2017 3:07am | Edited 4:02am
Just want to ask the blind followers here , what happened to NZDUSD shorts from 3 weeks ago...davit told that it will drop from his pivots....LOL at all of you

HOW CAN A TRADER HAVE 100% SUCCESSFUL HIT RATE IF HE SHORTED NU 3 WEEKS AGO?? It is so far away from his entries ..its all FAKE

what happens if you blindly follow the leader - leader closes his positions but does not update followers ...followers blow up their accounts.ha ha

He may say that he never said to sell ..here is the proof - https://www.forexfactory.com/showthr...54#post9978454
Attached Image (click to enlarge)
Click to Enlarge Name: follow-the-leader.gif Size: 134 KB
  • #10,672
  • Jul 1, 2017 3:59am Jul 1, 2017 3:59am
Quoting vinod.aiyer
Just want to ask the blind followers here , what happened to NZDUSD shorts from 3 weeks ago...davit told that it will drop from his pivots....LOL at all of you what happens if you blindly follow the leader - leader closes his positions but does not update followers ...followers blow up their accounts.ha ha He may say that he never said to sell ..here is the proof - https://www.forexfactory.com/showthr...54#post9978454 {image}
if you keep lot small and under control, you have no worries, if you have risk controlled then you have no worries, because this system is net fishing,
7th July is friday NFP, possible projection is positive, and NU will deep falling.

Dont judge or blame the system, if you dont know what are you doing.

NZD is too fat, do you know EW? market never move straight line, will fall soon. Spike UP is possible to clear all stops, before fall down.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 63 KB
I know one thing, that I know nothing - Socrates
  • #10,673
  • Jul 1, 2017 4:41am Jul 1, 2017 4:41am
[quote=Tamarind77;10042125]{quote} if you keep lot small and under control, you have no worries,

I know abt lot sizing,dont use that on me...I am discussing the system and the leader...

WHAT, U STILL HOLDING NU shorts???.

Are u crazy, ALL YOU DO is HOPE AND PRAYER FOR GOOD NFP ???.are you trader or GAMBLER?

WHAT IS UR PLAN B IF IT DOES NOT WORK AND NU MAKES HIGHER HIGHS?

THINK BEFORE U SPEAK, MKT KILLS STUPID TRADERS A LOT FASTER THAN U THINK...

Pls dont reply again....U will get EMBARASSED
  • #10,674
  • Jul 1, 2017 4:45am Jul 1, 2017 4:45am
Quoting vinod.aiyer
Just want to ask the blind followers here , what happened to NZDUSD shorts from 3 weeks ago...davit told that it will drop from his pivots....LOL at all of you HOW CAN A TRADER HAVE 100% SUCCESSFUL HIT RATE IF HE SHORTED NU 3 WEEKS AGO?? It is so far away from his entries ..its all FAKE what happens if you blindly follow the leader - leader closes his positions but does not update followers ...followers blow up their accounts.ha ha He may say that he never said to sell ..here is the proof - https://www.forexfactory.com/showthr...54#post9978454...
Oh look here is him closing the NU https://www.forexfactory.com/showthr...30#post9980230

You don't pay much attention.
  • #10,675
  • Jul 1, 2017 5:07am Jul 1, 2017 5:07am
Vinod,

You are hilarious! Another broke, jealous, bitter trader....these forums are full of them....makes me giggle.

You've obviously tried a method like this or similar....scaled in too quickly and got burned....that's your fault and no one else's....very quick to go after Davit....no one here follows him blindly and if they do then they shouldn't....everyone is accountable for their own trading....you sir, like to blame others for your lack of success.....your frustration is palpable and seeping through my screen as I read your post.....your just a frustrated keyboard warrior who blew his account and won't take ownership.....so I think I speak for everyone here when I say.....Please take your bullshit, wrap it in more shit, sprinkle it with some jealousy, garnish with bitterness and eh.....shove it up your ass!

PS. Live account, consistent returns, low drawdown (because I scale in very very very carefully)
  • #10,676
  • Jul 1, 2017 5:07am Jul 1, 2017 5:07am
Good profit this Month June... Using only Pivot and Daily Open Price
Attached Image
Le$$ I$ More
  • #10,677
  • Jul 1, 2017 5:44am Jul 1, 2017 5:44am
[quote=langtoni;10042243]Vinod, You are hilarious! Another broke, jealous, bitter trader....these forums are full of "

Just because someone crticises your method you say he is broke???.....are you 12 year old kid...I posted myfxbook of one of my many trading accounts with a balance of 10000 usd ....do you know myfxbook....thats where real traders post real trading account results...
Dont bother because on myfxbook you cannot manipulate results.Ha ha.
I"Ve been in ff since when you were born..

I ve been tired of ff because it is full of shady crooks like you and your leader....just came here because of a pm from a trader who lost money following your failed system...

I have been screwing tiny little FAKER bitches like you since time immemorial...he he.

I do it as part of my social responsibility towards genuine traders who want to make a career out of this.

You will weep cry and burn...trust me I have seen many stupid traders do it over the years....

And you will learn...untill then you are free to continue to dream on

Hahahaha
Best regards
  • #10,678
  • Jul 1, 2017 5:53am Jul 1, 2017 5:53am

  1. vinod.aiyer
  2. | New Member

    Yeh, was born yesterday.

  • #10,679
  • Jul 1, 2017 6:01am Jul 1, 2017 6:01am
Quoting Takisd
vinod.aiyer | New Member Yeh, was born yesterday.
Lol...why should I use my original id if All I want to do is expose you fakers....I dont want you coming in my thread and spoil it with ur low quality trading accumen.....LOL..
  • #10,680
  • Jul 1, 2017 6:15am Jul 1, 2017 6:15am
Vickym , well said and enough said. Period.

I admire the progressive people on this thread , we are a TEAM----T-TOGETHER E-EVERYONE A-ACCOMPLISHES M-MORE

"green pips to all" because we are mentally equipped to do so

regards to everyone ,

GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
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