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Pivot Trading

  • #12,201
  • Oct 23, 2017 8:38am Oct 23, 2017 8:38am
Quoting Davit
{quote} Thanks that worked great.My virus dictator did not pick anything. Now I got them on my PC
Just glad to contribute here.. You have shared tremendously providing your wisdom, skill...thanks a bunch man!
  • #12,202
  • Oct 23, 2017 10:21am Oct 23, 2017 10:21am
GM guys
Sometimes you find your trades in DD. This is normal relax and wait.Time is a factor in trading and I have held trades even months.
UJ EJ should come down and I don't think it will take too much time.
Most times when I am in red I don't add new trades.I just wait to close what I have.This is to preserve margin and maintain healthy equity.
In trading, you have to be defensive and aggressive at the same time
  • #12,203
  • Oct 23, 2017 10:37am Oct 23, 2017 10:37am
Waiting in anticipation - trying to grasp everything that I can ~ Thanks to contributors and guides over here. TP to evolve as market moves ~ Thank you


Quoting silentshadow
{quote} Lets see how this whole thing goes ~ Thank you {image}
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  • #12,204
  • Oct 23, 2017 10:43am Oct 23, 2017 10:43am
Guys please make sure you watch Mark Douglas videos and understand proper mindset in trading.Understand probability theory firmly.
He does a wonderful job of articulating these concepts.
You can learn shitload of systems but without proper mindset and probability understanding you will be like a mouse in a wheel going nowhere.

MD is a real trading coach so much wisdom that it shaped how I think.I have ZERO fear from trading.Yes ZERO because I don't perceive the market as threatening.
This is covered in Trading in the zone and in videos.Its important to have this solidly down.
Its basically repeating an Edge over series of trades. Rest is managing money and your own psychology.
In trading, you have to be defensive and aggressive at the same time
  • #12,205
  • Oct 23, 2017 10:59am Oct 23, 2017 10:59am
The U.S. dollar ended the week sharply higher after previous uncertainties never manifested. President Trump has yet to select his next Fed Chair, although Powell appears to be the most likely candidate. At the same time the tensions between North Korea and the U.S. did not escalate. Does this mean that the risks have gone away? Certainly not. However the lack of fresh developments on either fronts coupled with the significant progress made on tax reform, helped the U.S. dollar close out a strong week. The greenback experienced the strongest gains against the New Zealand dollar and Japanese Yen, but none of the major currencies escaped its rally. Looking ahead, investors will remain hopeful that the House will approve the budget reform plans and this positive thinking, along with the sharp rise in U.S. yields on Friday could carry the dollar to fresh highs in the coming week.

Pepperstone
Boris and Kathy Forex Weekly - 23-10-2017
Majors
Inserted Video


Commodities
Inserted Video


Crosses
Inserted Video


I study them each week to help me with fundamentals which is my's weakest link in my trading. Coupled with Davit's Pivots it has been a useful combination. Hope this helps.
Invest in Life
  • #12,206
  • Oct 23, 2017 11:06am Oct 23, 2017 11:06am
Quoting Davit
Guys please make sure you watch Mark Douglas videos and understand proper mindset in trading.Understand probability theory firmly. He does a wonderful job of articulating these concepts. You can learn shitload of systems but without proper mindset and probability understanding you will be like a mouse in a wheel going nowhere. MD is a real trading coach so much wisdom that it shaped how I think.I have ZERO fear from trading.Yes ZERO because I don't perceive the market as threatening. This is covered in Trading in the zone and in videos.Its important...
Yesterday someone showed interest in learning to trade. When they asked me to give them basics they were surprised that all I spoke about was this concept. Hammered Edge over series of trades...that was all. I refused to go any further unless they showed they got this point. Unfortunately they were hoping for some magic system. I agree this is pivotal (intended) in having a successful trading career.
Invest in Life
  • #12,207
  • Oct 23, 2017 11:18am Oct 23, 2017 11:18am
Quoting Mundo
{quote} Yesterday someone showed interest in learning to trade. When they asked me to give them basics they were surprised that all I spoke about was this concept. Hammered Edge over series of trades...that was all. I refused to go any further unless they showed they got this point. Unfortunately they were hoping for some magic system. I agree this is pivotal (intended) in having a successful trading career.
You are doing good job here!I can confirm from my own trading results. June was great July even August loss Sept massively green which covered August loss plus lot more and Oct super green so far.
Did I make mistakes in August? probability with thin liquidity market was erratic and threw me off plus my son's surgery took my mind off from trading.Anyway the point I am trying to make is I look upon these months as series of trades not singular trades.Basically like any other business I judge my success quarterly.
If out of 4 Q I win 3 that's beautiful result every hedge fund manager gladly will take.
Stay positive.
my Oct results so far.Yes I have DD but its very manageable vs account size.
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In trading, you have to be defensive and aggressive at the same time
  • #12,208
  • Oct 23, 2017 3:04pm Oct 23, 2017 3:04pm
Was waiting for Gold and JPY to do its thing...

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Trade with confidence, trade without fear.
  • #12,209
  • Oct 23, 2017 3:10pm Oct 23, 2017 3:10pm
Quoting Cryptosurf
Was waiting for Gold and JPY to do its thing... {image} {image} {image} {image}
excellent trading
I am already in profit on EJ but holding to break 133.I think this has lot left in the tank
In trading, you have to be defensive and aggressive at the same time
  • #12,210
  • Oct 23, 2017 3:18pm Oct 23, 2017 3:18pm
Quoting Davit
{quote} excellent trading I am already in profit on EJ but holding to break 133.I think this has lot left in the tank
I think so as well, cheers!
Trade with confidence, trade without fear.
  • #12,211
  • Oct 23, 2017 4:10pm Oct 23, 2017 4:10pm
Quoting Davit
GM guys Sometimes you find your trades in DD. This is normal relax and wait.Time is a factor in trading and I have held trades even months. UJ EJ should come down and I don't think it will take too much time. Most times when I am in red I don't add new trades.I just wait to close what I have.This is to preserve margin and maintain healthy equity.
AUD/NZD opened 1.11930 was promising with confirmed PA, however extremely overbought. (as it said, above the 100, it has strong fundamentals behind the move) - decided to close with DD at 1.122. Turned out, bad idea.

After that jumped to USD/JPY 113.165. I thought the r100 holds, PA confirmed with the first 3-5 candles. Im still in, hopefully it will reach the 112.45. (i believe in it)

i think i will stay simple: When PA confirms, price should be near the 78 - i will be in, if the price breaks the level of 100 with a good ammount i will take the DD.

What do you think Davit? i can see clearly the PA for the AUD/NZD, it will be a falling star in my opinion. Which one was the worse choice: To start a trade when it was obviously well above the 100 threshold, or not to be patient nor trusting my gutts.

Thank you for your time.
  • #12,212
  • Edited 6:33pm Oct 23, 2017 6:15pm | Edited 6:33pm
Quoting Thomas88
{quote} AUD/NZD opened 1.11930 was promising with confirmed PA, however extremely overbought. (as it said, above the 100, it has strong fundamentals behind the move) - decided to close with DD at 1.122. Turned out, bad idea. After that jumped to USD/JPY 113.165. I thought the r100 holds, PA confirmed with the first 3-5 candles. Im still in, hopefully it will reach the 112.45. (i believe in it) i think i will stay simple: When PA confirms, price should be near the 78 - i will be in, if the price breaks the level of 100 with a good ammount i will...
Hi Thomas with all cases watch PA even if its at 78-100
In NZD pairs obviously election strong fundemetal factor pushed it to extreme.This is not common more common is price hitting 61-100R/S and turning and rest is probabilities stacking many trades over x amount of time.
I have DD on AN but frankly not worried.It should come down significantly.

To answer clearly its on my 1st post.Watch PA make your trades.
regards

Dismiss traders who predict extremes like NU at 61 etc.These are same type of traders who predicted EU at parity not long ego.Its human nature to panic.Don't stay calm.I have spent great deal of time on psychology.Its important to see things objectively.
In trading, you have to be defensive and aggressive at the same time
  • #12,213
  • Oct 23, 2017 6:46pm Oct 23, 2017 6:46pm
Quoting Thomas88
{quote} AUD/NZD opened 1.11930 was promising with confirmed PA, however extremely overbought. (as it said, above the 100, it has strong fundamentals behind the move) - decided to close with DD at 1.122. Turned out, bad idea. After that jumped to USD/JPY 113.165. I thought the r100 holds, PA confirmed with the first 3-5 candles. Im still in, hopefully it will reach the 112.45. (i believe in it) i think i will stay simple: When PA confirms, price should be near the 78 - i will be in, if the price breaks the level of 100 with a good ammount i will...
Hi Thomas
It is always a good idea to check longer T/F for previous turning points enclosed photo and keep your SL above this area lower position size if needed. Blue line on photo. It is also a good area for entering a trade.
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  • #12,214
  • Oct 24, 2017 12:39am Oct 24, 2017 12:39am
EUR/JPY | SELL 133.766 | Bought back at 133.497 | 27
EUR/JPY | SELL 133.830 | Bought back at 133.176 | 65
EUR/JPY | SELL 133.897 | Bought back at 133.203 | 69

A big thanks to @Davit and collaborators

Quoting silentshadow
Waiting in anticipation - trying to grasp everything that I can ~ Thanks to contributors and guides over here. TP to evolve as market moves ~ Thank you {quote} {image}
  • #12,215
  • Oct 24, 2017 3:52am Oct 24, 2017 3:52am
Quoting Davit
growing legs on this {image}
Hello Davit sir please send me this indicator here.
Thanks in advance
  • #12,216
  • Oct 24, 2017 4:07am Oct 24, 2017 4:07am
Quoting um4ir
{quote} Hello Davit sir please send me this indicator here. Thanks in advance
Refer to the first comment please
  • #12,217
  • Oct 24, 2017 4:50am Oct 24, 2017 4:50am
Davit sir please send me. I am trying to find but still not found, please help me sir. Thank you
Attached Image (click to enlarge)
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  • #12,218
  • Oct 24, 2017 5:05am Oct 24, 2017 5:05am
Quoting um4ir
Davit sir please send me. I am trying to find but still not found, please help me sir. Thank you {image}
Possible reversal:AU-S78,EA-R61,EU-must south(my opinion ,EU"s trend south).NU-support on H4-0.6850
Regards
  • #12,219
  • Oct 24, 2017 5:19am Oct 24, 2017 5:19am
Quoting um4ir
Davit sir please send me. I am trying to find but still not found, please help me sir. Thank you {image}
Read the first post of this thread thoroughly,..Everything is clearly mentioned over there..
  • #12,220
  • Oct 24, 2017 5:25am Oct 24, 2017 5:25am
Quoting um4ir
I am trying to find but still not found,
The blue line is daily_open_line
The red flags is a news indicator. Only one or two use that one here,
The third indicator in the bottom window
TDI RT clone which is needed for the TDS Angelater
on the right side of the second window.

They will be in the paperclip right at the top of the screen though
you would be far better searching them out in FF and reading up on them for your self to learn how they work

Also seriously you would be best to read page one as silent shadow has already mentioned.
this is not a thread for those who don't want to put in any effort themselves.
Davit's in charge here and blocks those who he thinks are not up to par
"You know what needs to be addressed , completely completely reverse that".
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