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Pivot Trading

  • #13,421
  • Edited 10:31am Nov 28, 2017 4:45am | Edited 10:31am
Quoting andy_l
GU.. Let it run.. {image}
Me too...
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Fall seven times, stand up Eight! #GGMU
  • #13,422
  • Nov 28, 2017 5:40am Nov 28, 2017 5:40am
AC...this required a lot of patience! Might go up some more but happy with outcome.
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Invest in Life
  • #13,423
  • Nov 28, 2017 7:48am Nov 28, 2017 7:48am
Quoting Mundo
AC...this required a lot of patience! Might go up some more but happy with outcome. {image}
nice work Mundo


BOC Gov Poloz Speaks at 11.30
might move Cad pairs specially EC
In trading, you have to be defensive and aggressive at the same time
  • #13,424
  • Edited 10:08am Nov 28, 2017 9:56am | Edited 10:08am
+134
As the year coming closer to End I am getting out of my trades reducing exposure until Jan.Dec can be very difficult to trade.Typical spikes occur specially on Christmas holidays. Best stay out of it enjoy your time with family,recharge and start new year.

On taking losses.
I have devoted haters butch of idiots assume people who trade my system seat on huge floating losses.This is a myth mere assumption.
1. I always advocate to trade small
2.Always maintained that you need to be proactive managing your trades.Every system experiences drawdown unless you want to have tight stops then you are in scalping Territory and this system is not for you.
3.There is a disclaimer on my 1st page.I insist experience traders to trade this.I can't be responsible for your psychological issues with taking losses and managing your trades.This is given and that's true on all systems.Markets change you must adapt and manage risk.
4.My system profitability is based on sample size which covers roughly 1Q 3months.That's it if you can't trade it don't waste my time and move on.

I hope everyone is clear on this.
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In trading, you have to be defensive and aggressive at the same time
  • #13,425
  • Nov 28, 2017 10:18am Nov 28, 2017 10:18am
Here is my stats for this month
Notice fees swap is taken out of gross loss.Its decent gain while may not excite lot of people sure it can pay my mortgage
Looking at it its obvious I am not risking a lot on trades but do more frequent trades.That's the style I feel comfortable.My goal is progressively increasing lot sizes as my equity grows.
I have full time job and this is supplemental income but gearing up and building equity to eventually trade full time.Obviously my equity is too small now.
Next year should be very exhilarated growth based on my current equity and knowledge gained trading.
Not selling anything not insisting people sign disclosure forms and not inviting private seminars.THat's not me.I am just a part time trader.
cheers
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In trading, you have to be defensive and aggressive at the same time
  • #13,426
  • Nov 28, 2017 10:20am Nov 28, 2017 10:20am
Did you guys see what just happened to gbp pairs? anyways. my EC is profits. my second trade with this amazing system. Davit thanks for drawing my attention to that resistance area. i was watching it closely.
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John 3:16. Repent Jesus Loves you
  • #13,427
  • Nov 28, 2017 10:32am Nov 28, 2017 10:32am
Quoting vickym
{quote} Me too... {image}
Not sure if it was instinct or something else, I just moved my stop to BE+5 on this one just before the spike. I'm out now
Fall seven times, stand up Eight! #GGMU
  • #13,428
  • Nov 28, 2017 10:34am Nov 28, 2017 10:34am
Anyone holding bitcoins? 10K in sight, might happen in few hrs
Fall seven times, stand up Eight! #GGMU
  • #13,429
  • Nov 28, 2017 10:35am Nov 28, 2017 10:35am
Quoting vickym
Anyone holding bitcoins? 10K in sight, might happen in few hrs
don't trade it. Let it go.Its a huge bubble
Its just my opinion.Why would you risk buying at extreme inflated top? Where is the edge there? Its just a hype.
In trading, you have to be defensive and aggressive at the same time
  • #13,430
  • Nov 28, 2017 10:36am Nov 28, 2017 10:36am
Quoting Davit
{quote} don't trade it. Let it go.Its a huge bubble my opinion.Why would you risk buying at extreme inflated top.
Oh no, I dont understand it and dont trade it. Just curious to know if anyone else does. I dont have such deep pockets
Fall seven times, stand up Eight! #GGMU
  • #13,431
  • Nov 28, 2017 10:40am Nov 28, 2017 10:40am
Quoting Davit
+134 As the year coming closer to End I am getting out of my trades reducing exposure until Jan.Dec can be very difficult to trade.Typical spikes occur specially on Christmas holidays. Best stay out of it enjoy your time with family,recharge and start new year. On taking losses. I have devoted haters butch of idiots assume people who trade my system seat on huge floating losses.This is a myth mere assumption. 1. I always advocate to trade small 2.Always maintained that you need to be proactive managing your trades.Every system experiences drawdown...
Davit.

Your system is one of two systems I would recommend for my children to learn. Never worry about the haters. You, and I really should say we, will make a lot of money next year.

Inserted Video
If you are good at something, never do it for free--Joker
  • #13,432
  • Nov 28, 2017 10:45am Nov 28, 2017 10:45am
Quoting jmn5611
{quote} Davit. Your system is one of two systems I would recommend for my children to learn. Never worry about the haters. You, and I really should say we, will make a lot of money next year. https://www.youtube.com/watch?v=P38JfibHLsM
Thank you Jim means a lot!
I think I have a great platform to trade in terms of system and rest is working on patience both for great set ups and patience to allow profits to run.
Trading is very much like ART more you draw easier and better you become and same in music.Your every trading year should be step forward in personal knowledge and equity gain.
I agree next year should be very profitable for us! Cheers
In trading, you have to be defensive and aggressive at the same time
  • #13,433
  • Nov 28, 2017 10:50am Nov 28, 2017 10:50am
Quoting ifophia
Did you guys see what just happened to gbp pairs? anyways. my EC is profits. my second trade with this amazing system. Davit thanks for drawing my attention to that resistance area. i was watching it closely. {image}
EC has not even touched the potential to move south. We should see 1.50 by years end.Don't be eager to get out.
You welcome and price did hit R61 on bulls eye.
In trading, you have to be defensive and aggressive at the same time
  • #13,434
  • Nov 28, 2017 10:54am Nov 28, 2017 10:54am
Quoting jmn5611
{quote} Davit. Your system is one of two systems I would recommend for my children to learn. Never worry about the haters. You, and I really should say we, will make a lot of money next year. https://www.youtube.com/watch?v=P38JfibHLsM
I have always known Davit to be a genius Artist and an Excellent Forex trader. if you play you chess you can relate his style to that of Mikhal Tal not everyone can understand it. am still trying to put the puzzles together and am loving it. I really like this song but i dont i know the meaning.
John 3:16. Repent Jesus Loves you
  • #13,435
  • Nov 28, 2017 10:54am Nov 28, 2017 10:54am
Hi Davit. Do you mind sharing what is your outlook for Eur/Usd from here? Thank you.
  • #13,436
  • Nov 28, 2017 10:57am Nov 28, 2017 10:57am
Quoting MoneyFocus
Hi Davit. Do you mind sharing what is your outlook for Eur/Usd from here? Thank you.
Feds are set to raise IR in DEC
Usually price gets there before the event so I anticipate Euro dropping lower 117 is not out of picture.Then perhaps sharp north trend after the event.
In trading, you have to be defensive and aggressive at the same time
  • #13,437
  • Nov 28, 2017 10:57am Nov 28, 2017 10:57am
ooh baby
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Fall seven times, stand up Eight! #GGMU
  • #13,438
  • Nov 28, 2017 10:59am Nov 28, 2017 10:59am
Quoting Davit
{quote} Feds are set to raise IR in DEC Usually price gets there before the event so I anticipate Euro dropping lower 117 is not out of picture.Then perhaps sharp north trend after the event.
Thank you.
  • #13,439
  • Nov 28, 2017 11:06am Nov 28, 2017 11:06am
Quoting ifophia
{quote} I have always known Davit to be a genius Artist and an Excellent Forex trader. if you play you chess you can relate his style to that of Mikhal Tal not everyone can understand it. am still trying to put the puzzles together and am loving it. I really like this song but i dont i know the meaning.
I think Magnus Carlsen could beat Mikhal Tal any day. But that is just my opinion.
If you are good at something, never do it for free--Joker
  • #13,440
  • Nov 28, 2017 11:08am Nov 28, 2017 11:08am
Quoting Davit
{quote} EC has not even touched the potential to move south. We should see 1.50 by years end.Don't be eager to get out. You welcome and price did hit R61 on bulls eye.
We rise on the shoulders of gaints. Davit you are really an amazing guy. i dont know why someone would ever hate you. am always your student
John 3:16. Repent Jesus Loves you
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