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Pivot Trading

  • #11,861
  • Oct 8, 2017 6:10pm Oct 8, 2017 6:10pm
Quoting emmanuel7788
{quote} Davit, floating drawdown (days, weeks and even months) before you post and show those pips profits. Emmanuel

I think this video fits well to the OP and his followers =
Attached Image
  • #11,862
  • Oct 8, 2017 6:15pm Oct 8, 2017 6:15pm
Quoting Black
{quote} I think this video fits well to the OP and his followers = {image}
thanks for your opinion and I understand there are lots of morons like you who don't understand how I trade.Does not matter because my account is progressively growing on Each quarter!
I actually don't mind negative idiots on occasions coming here since I could use some entertainment while trading
In trading, you have to be defensive and aggressive at the same time
  • #11,863
  • Oct 8, 2017 6:41pm Oct 8, 2017 6:41pm
still waiting for this to grow legs
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM30.png Size: 31 KB
In trading, you have to be defensive and aggressive at the same time
  • #11,864
  • Oct 8, 2017 6:49pm Oct 8, 2017 6:49pm
Quoting Davit
Hi guys I am seriously considering stop posting on this thread by end of Oct.I invested way too much time here and I have just handful of guys posting and lots of new traders with littler experience. This obviously effects my trading and time.I like to take my trading to next level and I can't maintain this thread.I may drop a post here and there after Oct but mot much more.
Hi Davit

Sad to hear you are considering pulling back on the thread. I really enjoy the counterbalance you provide to TMS. I like your irreverent, my-way-or-the-highway style.

I take me hat off to you and Emmanuel7788 for all the inane newbie bull and laziness you both have to put up with. You are both way better men than I could ever be in this respect.

Many thanks for the one and half years of your life you have invested in the thread, and way more than this on other threads. Really appreciate your effort and your style.

IMHO trading is not easy and we need to keep an open mind and take information and opinion from a variety of perspectives, and I value yours. Critical thinking is important. We are not always going to meet people who agree with our view of the world, or the markets. But sometimes it's just what we need to keep us on our toes or provide that paradigm shift we need to see the market in a different way. Apologies, newbie prattling, I know.

Best of luck for your focus on next step of trading.
Green pips to you!
Real knowledge is to know the extent of one's ignorance.
  • #11,865
  • Oct 8, 2017 7:12pm Oct 8, 2017 7:12pm
Quoting SanAshi
{quote} Hi Davit Sad to hear you are considering pulling back on the thread. I really enjoy the counterbalance you provide to TMS. I like your irreverent, my-way-or-the-highway style. I take me hat off to you and Emmanuel7788 for all the inane newbie bull and laziness you both have to put up with. You are both way better men than I could ever be in this respect. Many thanks for the one and half years of your life you have invested in the thread, and way more than this on other threads. Really appreciate your effort and your style. IMHO trading is...
Hi SanAshi
Thanks for dropping by.I work hard on my trading and shared some ideas here and some benefited and some not and moved on.
green pips to you
In trading, you have to be defensive and aggressive at the same time
  • #11,866
  • Oct 8, 2017 7:29pm Oct 8, 2017 7:29pm
Quoting Davit
{quote} Hi SanAshi Thanks for dropping by.I work hard on my trading and shared some ideas here and some benefited and some not and moved on. green pips to you
We all go through some sort of journey, unfortunately most don't make it in this business that is the reality. Most go from site to site, system to system , blaming others for their falilures when it is really them. This seems to be a common theme in ff and I don't blame you for wanting to leave.
  • #11,867
  • Oct 8, 2017 7:35pm Oct 8, 2017 7:35pm
Quoting Pip-Miner
{quote} We all go through some sort of journey, unfortunately most don't make it in this business that is the reality. Most go from site to site, system to system , blaming others for their falilures when it is really them. This seems to be a common theme in ff and I don't blame you for wanting to leave.
Hi Pip Miner
Agree with you.Main reason I like to limit posting on this thread is takes lot of my time and frankly very few people understood it.It's deceptively simple and yet its not simple.My brain works based on all my experiences combined and everything I read and its hard conveying that but I tried.
My last post about news for example.Lot of guys here at FF only look at charts and are "technical traders only" and that could be simply laziness of trying to understand the market.I stress importance of it over and over and few get it here.I am ready after Oct to go higher lots and take my trading to next level.
regards
In trading, you have to be defensive and aggressive at the same time
  • #11,868
  • Oct 8, 2017 7:52pm Oct 8, 2017 7:52pm
Quoting Davit
{quote} Hi Pip Miner Agree with you.Main reason I like to limit posting on this thread is takes lot of my time and frankly very few people understood it.It's deceptively simple and yet its not simple.My brain works based on all my experiences combined and everything I read and its hard conveying that but I tried. My last post about news for example.Lot of guys here at FF only look at charts and are "technical traders only" and that could be simply laziness of trying to understand the market.I stress importance of it over and over and few get it...
Wish you all the best whether you are posting here or not. I'm sure you will be smart about increasing lots sizes given trading appropriately is a key plank in your system.
Hope for the best, prepare for the worst.
  • #11,869
  • Oct 8, 2017 8:28pm Oct 8, 2017 8:28pm
Quoting Davit
Closed UJ +1037Pips beautiful way to start the week! {image}
Davit,


Nice! but those trades are not closed yet, right?

Maybe you want to consider using this attached script on your trade charts and shows us where the actual entries are before you close them.
This will show us how long you held on to those trades before you posted them now.
Attached File(s)
File Type: ex4 Draw_OpenPos.ex4   5 KB | 580 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,870
  • Oct 8, 2017 8:59pm Oct 8, 2017 8:59pm
funny posting about my trades if there're closed when I wrote in plain English

"Closed UJ +1037Pips"

If trading is about paying attention to details this is like not seeing a horse in the middle of the road
Trades were taken last Friday!
In trading, you have to be defensive and aggressive at the same time
  • #11,871
  • Oct 8, 2017 9:09pm Oct 8, 2017 9:09pm
Quoting Davit
funny posting about my trades if there're closed when I wrote in plain English "Closed UJ +1037Pips" If trading is about paying attention to details this is like not seeing a horse in the middle of the road Trades were taken last Friday!

But your chart posted shows those trade lines which means those trades were still open when you posted your chart, right?

I merely ask that you consider using the script (Draw Open Pos) to show us where those trade entries were.

By looking at your trade orders numbers, I can tell the chronological cal order but not the actual time of the entries.

To understand your money management and trade management, it will help newbies learn and to see your entries on your chart below, how long you held o to those trades before last Fridays' NFP and after NFP.

Attached Image (click to enlarge)
Click to Enlarge Name: Davit UJ trades 09-10-2017 10-00-00.png Size: 199 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,872
  • Oct 8, 2017 9:13pm Oct 8, 2017 9:13pm
Quoting emmanuel7788
{quote} But your chart posted shows those trade lines which means those trades were still open when you posted your chart, right? I merely ask that you consider using the script (Draw Open Pos) to show us where those trade entries were. By looking at your trade orders numbers, I can tell the chronological cal order but not the actual time of the entries. To understand your money management and trade management, it will help newbies learn and to see your entries on your chart below, how long you held o to those trades before last Fridays' NFP and...
I take a screen shot before closing which shows pip count then I close.. Trades were taken AFTER NFP
I don't like trading before important news release

My Money management has been described here many times and people who participate here know it.

STOP LOSS

1 Decide how much each swing is worth example $500
2. Divide $500 into mini lots for multiple entries example .50c a pip gives 1000 pip distance
3. This allows averaging in orders as seen fit irregardless if previous orders are in red
4. Orders are placed as long as reason for trade is still valid
5. If conditions change loss is taken since orders are not all placed all at once this allows smaller loss
Swings
Each Swing investment $500
Swing is taken as loss once -$500 is reached
There are no exceptions.No running red beyond $500
Orders broken down into mini lots that satisfies each swing consist of 10-15 trades

My budget for this is 2-3% of account risk say $500 for example.I then enter trades on mini lots and as long as my 500 is not consumed on DD and I am still confident of my trade I stay on it.I may choose to get out early but most times my SL is predetermined.This allows me to cast a wider net. So my 10mini lots can cover 50pip distance hence capture better RR
There is advantage to trade this way.Should PA go against you and you no longer like the trade you can get out by fraction of lot invested hence your loss is minimal instead of traditional 1 trade 1lot per trade when if wrong loss is substantially higher.

Numbers posted are for examples only
Hope that answers you
In trading, you have to be defensive and aggressive at the same time
  • #11,873
  • Oct 8, 2017 9:21pm Oct 8, 2017 9:21pm
Quoting Davit
{quote} I take a screen shot before closing which shows pip count then I close.. Trades were taken AFTER NFP I don't like trading before important news release

so I was right that chart you posted was taken before you closed those trades, just to show the pips count .

why don' simply you use my script (Draw OpenPos) when you want to post similar chart again before you close them.
We want to see where the actual trade entries were and how long you held on to your trades and wait till the market turn around in your favour and you can close them.

Now that you want to post trade closed, there is another script that draw on your charts all the trade closed from your MT4 Terminal Account Summary. Shall I post this script for you too?

You don't like trading before important news, but some of those trade were open before the news NFP, right?
You can also drag and drop those trades from your Terminal Account Summary to plot the entries and exits arrows. Standard feature.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,874
  • Oct 8, 2017 9:27pm Oct 8, 2017 9:27pm
Quoting emmanuel7788
{quote} Davit, Nice! but those trades are not closed yet, right? Maybe you want to consider using this attached script on your trade charts and shows us where the actual entries are before you close them. This will show us how long you held on to those trades before you posted them now. {file}
And this indicator. I always use it when posting my trade charts.
RS
Attached File(s)
File Type: mq4 Trade_Plotter.mq4   4 KB | 471 downloads
Attached File(s)
File Type: ex4 Trade_Plotter.ex4   11 KB | 403 downloads
  • #11,875
  • Oct 8, 2017 9:29pm Oct 8, 2017 9:29pm
Quoting RisingSun
{quote} And this indicator. I always use it when posting my trade charts. RS {file}{file}

Good one. Thanks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,876
  • Oct 8, 2017 9:38pm Oct 8, 2017 9:38pm
Quoting Davit
{quote} I take a screen shot before closing which shows pip count then I close.. Trades were taken AFTER NFP I don't like trading before important news release My Money management has been described here many times and people who participate here know it. STOP LOSS 1 Decide how much each swing is worth example $500 2. Divide $500 into mini lots for multiple entries example .50c a pip gives 1000 pip distance 3. This allows averaging in orders as seen fit irregardless if previous orders are in red 4. Orders are placed as long as reason for trade is...

Thanks.

I have read this before and know what you do with money management. Hence the great interest that some of us active TMS traders who are doing system development are studying the mental strategy and behaviour of traders according to their money management and risk appetite. Big E was an example where he would risk 15% to 30% per trade from his $10K account. That drew a lot of attention in our studies. He was doing it for fun and entertainment.

Theory is great to read. Doing it in real live market trading with real money from our day job is quite another thing. We all need mental fitness to be able to trade real money and consistently over longer term, by that I mean consistency over as period of at least 3 to 5 years trading the same system.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,877
  • Oct 8, 2017 9:43pm Oct 8, 2017 9:43pm
Quoting emmanuel7788
{quote} Thanks. I have read this before and know what you do with money management. Hence the great interest that some of us active TMS traders who are doing system development are studying the mental strategy and behaviour of traders according to their money management and risk appetite. Big E was an example where he would risk 15% to 30% per trade from his $10K account. That drew a lot of attention in our studies. He was doing it for fun and entertainment. Theory is great to read. Doing it in real live market trading with real money from our day...
Its not a theory I actually practice it.I can't speak for others.I stated plain here what I do.
As for how I post my closed trades its not important importance reflects in my account stats.Bottom line is my winner trades are winner trades!How I choose to post them is irrelevant.This is my thread and I like showing pip count and like the way I post them.I don't question others how they choose to post their trades.
Some trades take longer some trades are quick.That's why time factor is none issue.Importance is account growth!
In trading, you have to be defensive and aggressive at the same time
  • #11,878
  • Oct 8, 2017 9:59pm Oct 8, 2017 9:59pm
Quoting Davit
{quote} I take a screen shot before closing which shows pip count then I close.. Trades were taken AFTER NFP I don't like trading before important news release My Money management has been described here many times and people who participate here know it. STOP LOSS 1 Decide how much each swing is worth example $500 2. Divide $500 into mini lots for multiple entries example .50c a pip gives 1000 pip distance 3. This allows averaging in orders as seen fit irregardless if previous orders are in red 4. Orders are placed as long as reason for trade is...
Too clarify..similar to gurangax and his trade style? Martindale with am over risk limit between all trades but continuous small entries as PA allows?
  • #11,879
  • Oct 8, 2017 10:00pm Oct 8, 2017 10:00pm
Watch AN guys
In trading, you have to be defensive and aggressive at the same time
  • #11,880
  • Oct 8, 2017 10:05pm Oct 8, 2017 10:05pm
Quoting Davit
Watch AN guys
Don't trade tho pair much.. but looks at key resistance for a good short
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