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Pivot Trading

  • #11,521
  • Sep 18, 2017 6:44am Sep 18, 2017 6:44am
I think if you are short on UC you should show caution.
Looks like accumulation forming to break north. Weds Feds event may trigger it.
close up below
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In trading, you have to be defensive and aggressive at the same time
  • #11,522
  • Sep 18, 2017 8:34am Sep 18, 2017 8:34am
Quoting Davit
Hi guys have little time now like to cover few refresher points When you have it good going then that's when you must be vigilant not to get overconfident and careless. 1. Overtrading One of the common symptoms to overconfidence is over trading. This can be done by trading too frequently, taking extremely large trades, or taking uncalculated risks. Overconfident traders can believe they are so “well equipped” with the right skills that they do not properly money management. If they did they would realize their overtrading can have disastrous effects....
No.1 is so true. Been in profit for 3 months and lost almost ALL profits in 2 weeks. Increased my lot size which was a mistake and wanting to rush to double my account. The good thing is i haven't blown my live account. Reading trading in the zone by Mark Douglas, really great book to start of in trading.
  • #11,523
  • Sep 18, 2017 9:27am Sep 18, 2017 9:27am
Quoting watzzup
{quote} No.1 is so true. Been in profit for 3 months and lost almost ALL profits in 2 weeks. Increased my lot size which was a mistake and wanting to rush to double my account. The good thing is i haven't blown my live account. Reading trading in the zone by Mark Douglas, really great book to start of in trading.
Trading is just like any other occupation takes time and honesty.Most are not honest to address their weaknesses.Its like alcoholism 1st one must identify his/her weaknesses to work on.
good luck
In trading, you have to be defensive and aggressive at the same time
  • #11,524
  • Sep 18, 2017 9:32am Sep 18, 2017 9:32am
I obviously take lots of trades that I don't post. I feel that's appropriate because I have metal resolve to address lot size, DD, and SL levels that works for me however positing my trades all of them might create adverse situation of others copying my trades and not managing it properly.

Having said above I am short and in profit on CJ and EN both charts were posted this morning

My monthly so far
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In trading, you have to be defensive and aggressive at the same time
  • #11,525
  • Sep 18, 2017 11:08am Sep 18, 2017 11:08am
Nice drop on CAD CJ
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In trading, you have to be defensive and aggressive at the same time
  • #11,526
  • Sep 18, 2017 3:47pm Sep 18, 2017 3:47pm
Quoting Davit
I obviously take lots of trades that I don't post. I feel that's appropriate because I have metal resolve to address lot size, DD, and SL levels that works for me however positing my trades all of them might create adverse situation of others copying my trades and not managing it properly. Having said above I am short and in profit on CJ and EN both charts were posted this morning My monthly so far {image}
Nicely done Davit,

I just came across to your thread and found it interesting, is there any specific post or source that had summarized your trading style or i should go over all 500+ pages?
Thanks
MB
  • #11,527
  • Sep 18, 2017 5:34pm Sep 18, 2017 5:34pm
Quoting Mohsen-b
{quote} Nicely done Davit, I just came across to your thread and found it interesting, is there any specific post or source that had summarized your trading style or i should go over all 500+ pages? Thanks MB
Hi Mohsen
Pretty much everything is on page 1. Practice on demo to gain confidence.
regards

30min to RBA monetary policy
should be a mover
In trading, you have to be defensive and aggressive at the same time
  • #11,528
  • Sep 18, 2017 6:20pm Sep 18, 2017 6:20pm
Quoting Davit
{quote} Nice to see you back.I am recovering from back injury still in pain.Walking with tilted back and know how it feels not being mobile. Speedy recovery
Put a good sized wooden block under your sacrum..and or find a steep flight of stairs and place sacrum on edge..dangle legs down stairs ..put up with the pain..the plates in your sacrum need realigning..
  • #11,529
  • Sep 18, 2017 6:49pm Sep 18, 2017 6:49pm
Long time no see master sniperdept, I wonder how his account now.
The last time I saw he sold EJ and EU from May but now I think it DD a lots, really want to know what he will do next to control.
He is 1 of mine favourite trader.
  • #11,530
  • Sep 18, 2017 7:49pm Sep 18, 2017 7:49pm
Quoting Mohsen-b
{quote} Nicely done Davit, I just came across to your thread and found it interesting, is there any specific post or source that had summarized your trading style or i should go over all 500+ pages? Thanks MB
There's a word doc another lad put together called Pivot Trading with TDI. https://www.forexfactory.com/showthr...2#post10061092

its a culmination of Davit's important posts and explanations. I found it to be very informative.
Trade with confidence, trade without fear.
  • #11,531
  • Sep 18, 2017 11:43pm Sep 18, 2017 11:43pm
Quoting Cryptosurf
{quote} There's a word doc another lad put together called Pivot Trading with TDI. https://www.forexfactory.com/showthr...2#post10061092 its a culmination of Davit's important posts and explanations. I found it to be very informative.
Thank you very much, great support.
  • #11,532
  • Sep 18, 2017 11:46pm Sep 18, 2017 11:46pm
Quoting Davit
{quote} Hi Mohsen Pretty much everything is on page 1. Practice on demo to gain confidence. regards 30min to RBA monetary policy should be a mover
Thank you.
  • #11,533
  • Sep 19, 2017 4:15am Sep 19, 2017 4:15am
EA nice running
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  • #11,534
  • Sep 19, 2017 4:36am Sep 19, 2017 4:36am
EC start going south
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  • #11,535
  • Sep 19, 2017 5:26am Sep 19, 2017 5:26am
Quoting danc
{quote} Put a good sized wooden block under your sacrum..and or find a steep flight of stairs and place sacrum on edge..dangle legs down stairs ..put up with the pain..the plates in your sacrum need realigning..
Hi Danc thank you have been doing leaning on doors and pushing opposite hip in to straighten it and made a noticeable difference.
Going to continue the exercise which was recommended by a physical therapist.If it fails will try your technique.
Thank you
In trading, you have to be defensive and aggressive at the same time
  • #11,536
  • Sep 19, 2017 5:28am Sep 19, 2017 5:28am
Quoting rihlian
EA nice running {image}
Looks like similar to my EN and all E crosses stalling now but could move again.
good job
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In trading, you have to be defensive and aggressive at the same time
  • #11,537
  • Sep 19, 2017 5:44am Sep 19, 2017 5:44am
USD data was positive actually so do anticipate pump and dump on majors VS USD
AU could not break 80 so do anticipate more range.Range is good, that's where I make most consistent money
In trading, you have to be defensive and aggressive at the same time
  • #11,538
  • Sep 19, 2017 6:08am Sep 19, 2017 6:08am
Closed EN +749pips
happy with that. WAs not sure if it will break WP so not being greedy.
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In trading, you have to be defensive and aggressive at the same time
  • #11,539
  • Sep 19, 2017 10:10am Sep 19, 2017 10:10am
Few of my open positions for the week.

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I still have my GJ longs from last week. I am targeting 155/157 long term. All positions saved by SL in case of trend reversal.
  • #11,540
  • Sep 19, 2017 10:27am Sep 19, 2017 10:27am
Quoting solecrusader
Few of my open positions for the week. {image} {image} {image} {image} I still have my GJ longs from last week. I am targeting 155/157 long term. All positions saved by SL in case of trend reversal.
Its simply spectacular!
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In trading, you have to be defensive and aggressive at the same time
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