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Pivot Trading

  • #11,561
  • Sep 21, 2017 7:33am Sep 21, 2017 7:33am
Quoting lisat
{quote}High impact news for usd in just over 5 minutes I hope you are trading small as Davit recommends.
I know, the trade is in demo account, only for testing
Avoid the crowd. Be chess player, not chess piece
  • #11,562
  • Sep 21, 2017 7:39am Sep 21, 2017 7:39am
Quoting acsandrei
Hi, i'm new in this discussion. I spent yesterday and today's morning studyng this method. I found it very interesting and i want to partecipate posting this: usdjpy touched the r78 but wasn't strong to go higher. TDI is going down in divergence in h1, and in m15 crossed down {image}
For situations such as this, i've had some success waiting to see if price will drop below the current daily opening level.
Trade with confidence, trade without fear.
  • #11,563
  • Sep 21, 2017 7:41am Sep 21, 2017 7:41am
Quoting acsandrei
{quote} I know, the trade is in demo account, only for testing
Demo or live it doesn't really matter. Try to trade your demo as you would do on your live.
Success means going from failure to failure without loss of enthusiasm
  • #11,564
  • Sep 21, 2017 8:16am Sep 21, 2017 8:16am
Quoting Expo33
{quote} Wow, instant gratification. EA flying north a smooth 120 pips. Took profits just before the weekly pivot, didn't want to get greedy. Now on the sidelines. Beware: Instant gratification >>> ego >>> over confidence >>> foolish mistakes Stay humble, stay safe, stay green {image}
good job and great attitude
In trading, you have to be defensive and aggressive at the same time
  • #11,565
  • Sep 21, 2017 8:18am Sep 21, 2017 8:18am
Quoting DrForexMD
I believe that the UJ has been OB and now just below F78-F100 Area. So, I went short 0.01 lot with a small live account. I believe I have a wide DD using a large SL distance to protect against the usual NYO reversal and the Red News Wham. Please let me know if this is an adequate set-up: {image}
looks good
when you project descending waves keep in mind the fundamentals.Feds said they will most likely increase interest rate before new year so the retraction may not go deep
In trading, you have to be defensive and aggressive at the same time
  • #11,566
  • Sep 21, 2017 9:32am Sep 21, 2017 9:32am
With hard work and dedication the green pips will follow. Thanks for your thread it has helped me and others tremendously. Cheers Davit
Attached Image (click to enlarge)
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  • #11,567
  • Edited 3:13pm Sep 21, 2017 2:03pm | Edited 3:13pm
GJ still going strong.
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GU
Attached Image (click to enlarge)
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  • #11,568
  • Sep 21, 2017 4:14pm Sep 21, 2017 4:14pm
Quoting solecrusader
GJ still going strong. {image} GU {image}
Wow that is very inspiring, good job!
Trade with confidence, trade without fear.
  • #11,569
  • Sep 21, 2017 8:25pm Sep 21, 2017 8:25pm
Quoting solecrusader
GJ still going strong. {image} GU {image}
Very inspiring!
I found that you don't have exit point (TP), so how do you decide to exit? Is it after PA break the main trend or how?
  • #11,570
  • Sep 21, 2017 9:12pm Sep 21, 2017 9:12pm
Hi Davit

I never expect i will be able to trade like these. Thanks to you. one of my problem right now it over trading. Any suggestion?
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  • #11,571
  • Sep 22, 2017 1:03am Sep 22, 2017 1:03am
Morning, Afternoon, Evening Folks,

Very limited time to trade past few months, EA still running, closed half, other half still running, all in profit.

Attached Image (click to enlarge)
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Cheers & Green Pips

MR
Silence your Ego & Your Power will Rise
  • #11,572
  • Sep 22, 2017 6:18am Sep 22, 2017 6:18am
Quoting mraam
Morning, Afternoon, Evening Folks, Very limited time to trade past few months, EA still running, closed half, other half still running, all in profit. {image} Cheers & Green Pips MR
Good morning, nice entry. The EA that you are using has been created by you or was postet in this thread? thank you
Avoid the crowd. Be chess player, not chess piece
  • #11,573
  • Sep 22, 2017 6:39am Sep 22, 2017 6:39am
Quoting acsandrei
{quote} Good morning, nice entry. The EA that you are using has been created by you or was postet in this thread? thank you
EA = EUR/AUD currency pair
Pride always comes before destruction.... -Proverbs 16:18
  • #11,574
  • Sep 22, 2017 6:44am Sep 22, 2017 6:44am
Quoting Expo33
{quote} EA = EUR/AUD currency pair
Oh, my mistake, sorry..
Avoid the crowd. Be chess player, not chess piece
  • #11,575
  • Sep 22, 2017 7:34am Sep 22, 2017 7:34am
AC FOR THE NEWS
Attached Image (click to enlarge)
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  • #11,576
  • Sep 22, 2017 10:15am Sep 22, 2017 10:15am
Quoting mraam
Morning, Afternoon, Evening Folks, Very limited time to trade past few months, EA still running, closed half, other half still running, all in profit. {image} Cheers & Green Pips MR
Welcome back my friend.Hope everything is ok
In trading, you have to be defensive and aggressive at the same time
  • #11,577
  • Sep 22, 2017 10:19am Sep 22, 2017 10:19am
Quoting rihlian
Hi Davit I never expect i will be able to trade like these. Thanks to you. one of my problem right now it over trading. Any suggestion? {image} {image} {image}
Yes set X amount for every badge max lot committed.
Your total entries example should not exceed more then 5 dollar a pip (could be any amount don't know your account size) Does not matter how you break it up as long as total entries caps out at 5
I don't know your account size but no matter what allow more then 200% free margin.Once you hit your max lot size+free margin then you quit until you close exiting trades to free margin.Free margin is important because it gives you peace of mind to trade knowing you have reserves.Relaxed mind makes better decisions panic mind makes hasty emotional decisions. Good trading should be mechanical and boring.Should be like driving a car things done mechanically almost subconsciously but this is hard to achieve usually after 5yrs of trading you start getting it.
hope this helps
In trading, you have to be defensive and aggressive at the same time
  • #11,578
  • Sep 22, 2017 10:53am Sep 22, 2017 10:53am
holding this among other trades
click on weekly and you'll see the range
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #11,579
  • Sep 22, 2017 10:56am Sep 22, 2017 10:56am
still on this
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #11,580
  • Sep 22, 2017 11:14am Sep 22, 2017 11:14am
Quoting Davit
holding this among other trades click on weekly and you'll see the range {image}
Would this be considered a good example as you mentioned in post#233?
https://www.forexfactory.com/showthr...62#post8941262

Specifically:

"ADR is just allowing you to see daily extremes better. Example if UC travels 100ADR last 20days and its at 110 then chances of correction is great."

The 20 day ADR was at 124 and price up around R138.
Trade with confidence, trade without fear.
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