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Pivot Trading

  • #13,481
  • Nov 30, 2017 2:21pm Nov 30, 2017 2:21pm
Quoting VEEFX
{quote} Forget about human brain for a second. That's a complex subject understood only by few LOL So, why I am counting down and not up? Think about what I said in my EDIT below. It's required to do top down analysis and most probably because I developed my entire EA based on code snippets I found on forums :-) Edit: Doing this on a MTF will quickly tell us how many time a pair revisit the price at daily/weekly open. While I am here, many also don't understand the concept of leverage (no disrespect if this is rudimentary for some. Trading pairs...
Would rather suffer Eroica, Nutcracker or Swan Lake in silents then Forex Symphony.
That one will drive you nuts.
  • #13,482
  • Nov 30, 2017 2:59pm Nov 30, 2017 2:59pm
Unlike some here my november was quite, didn't get lots of profit but no DD too so why complain.
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Got in the UJ longs along with the pullback this evening, waiting for it to reach 113.xx by the end of this week:
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"Letting losses run is the most serious mistake made by most investors."W.O
  • #13,483
  • Nov 30, 2017 3:36pm Nov 30, 2017 3:36pm
Quoting liamseden
Unlike some here my november was quite, didn't get lots of profit but no DD too so why complain. {image} Got in the UJ longs along with the pullback this evening, waiting for it to reach 113.xx by the end of this week: {image}
nice one! what was the idea behind your entry?
John 3:16. Repent Jesus Loves you
  • #13,484
  • Nov 30, 2017 5:31pm Nov 30, 2017 5:31pm
my USDJPY just hit tp overnight @ 112.6
thank you davit for it
a trade I made from my own looking at the system and charts
I will get my head around this, but always can be wrong
  • #13,485
  • Edited 4:41am Dec 1, 2017 4:21am | Edited 4:41am
Quoting 1pipperhour
{quote} 2 weeks since start with demo. It has been interesting . All went up the hill till yesterday when € exploded and I had maybe 10 trades open on EA. When it reached to 3% DD I started to close some trades. Price kept going up and there were no reversal signs so I decided to close all EA trades. After that price went up another 200 pips ... . This happens, you have to take some loss to preserve your capital. Leave those trades behind and keep going. Had also 2 trades on GU. One closed and the other still opened and profit locked in....
It's a month now with this demo account and Davit's method. Haven't traded every trading day with this method, so it's less than 20 trading days in a month. DD still under 6% like I wanted. Gain 7,5%. Not bad at all. Lost almost 3% of the account two times. Recovered from the first one in a week, from the second one in two days. It's essential to me keeping DD small because of the recovering. It is hard to recover from 20%-30% loss. It takes time and is mentally hard and there's no guarantee that it won't happen again shortly after first one, which makes 40%-50% DD of the account.

So in a perspective if you think that 7,5% is not much then look at it this way - 7,5% of the 2000€ account is 150€, 20 000€ account 1500€ and 200 000€ account 15 000€. Who needs 15 000€ a month ...? Not me.

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  • #13,486
  • Dec 1, 2017 7:21am Dec 1, 2017 7:21am
happy new month guys!
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John 3:16. Repent Jesus Loves you
  • #13,487
  • Edited 8:07am Dec 1, 2017 7:40am | Edited 8:07am
there is something special about S78 and R78 levels. can someone explain?.... after few minutes
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John 3:16. Repent Jesus Loves you
  • #13,488
  • Dec 1, 2017 7:55am Dec 1, 2017 7:55am
Quoting ifophia
there is something special about S78 and R78 levels. can someone explain? {image}
The reasons are all in thread ifophia.
If you are good at something, never do it for free--Joker
  • #13,489
  • Dec 1, 2017 8:07am Dec 1, 2017 8:07am
I'll drop in here and there and post set ups to look.
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In trading, you have to be defensive and aggressive at the same time
  • #13,490
  • Dec 1, 2017 8:09am Dec 1, 2017 8:09am
AN may bounce then short.This really wants to go lower.NZD is severely undersold but I don't think it will stay that way.
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In trading, you have to be defensive and aggressive at the same time
  • #13,491
  • Dec 1, 2017 8:11am Dec 1, 2017 8:11am
right on the money 100R
Numbers came out better then anticipated.Great I have EC shorts running
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In trading, you have to be defensive and aggressive at the same time
  • #13,492
  • Dec 1, 2017 8:14am Dec 1, 2017 8:14am
EC, good fall
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Fall seven times, stand up Eight! #GGMU
  • #13,493
  • Dec 1, 2017 8:18am Dec 1, 2017 8:18am
Finished Nov strong. 9% gain of equity which is very close to 10% a month my goal.
Continue to look for great set ups guys and hummer those winners! See you later
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In trading, you have to be defensive and aggressive at the same time
  • #13,494
  • Dec 1, 2017 8:28am Dec 1, 2017 8:28am
WE have same situation as UC yesterday. Another one on UJ
Don't get inpatient watch PA and agleator.Look for clear bear candles.YOu must really work this over and over in your brain until it becomes automatic like driving a car.One glance and you know ITS not the time yet!
need a refresher read post 13457
https://www.forexfactory.com/showthr...88764&page=673
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In trading, you have to be defensive and aggressive at the same time
  • #13,495
  • Dec 1, 2017 8:32am Dec 1, 2017 8:32am
Quoting ifophia
there is something special about S78 and R78 levels. can someone explain?.... after few minutes {image} {image}
its on 1st page....
In trading, you have to be defensive and aggressive at the same time
  • #13,496
  • Dec 1, 2017 9:32am Dec 1, 2017 9:32am
Quoting liamseden
that EC chart is crying out for sellers. very tempting.
Sniped it from 1.5350, one of my best entries. I will post charts once i'm home.
"Letting losses run is the most serious mistake made by most investors."W.O
  • #13,497
  • Dec 1, 2017 9:41am Dec 1, 2017 9:41am
Need to stop lurking and hiding and be more active in the thread too as have learned so much from Davit and thankful for slowly putting me on the right path. There are my results for the month as well. DD to be improved and be more picky about trades so loss would drop down. Still decent gain in my equity.



Have a good weekend everyone!
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The only thing that will make us successful is if we can control ourselves!
  • #13,498
  • Dec 1, 2017 9:53am Dec 1, 2017 9:53am
Quoting pabuuu
Need to stop lurking and hiding and be more active in the thread too as have learned so much from Davit and thankful for slowly putting me on the right path. There are my results for the month as well. DD to be improved and be more picky about trades so loss would drop down. Still decent gain in my equity. Have a good weekend everyone! {image}
good job try cutting DD and focus not getting in early.
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In trading, you have to be defensive and aggressive at the same time
  • #13,499
  • Dec 1, 2017 10:12am Dec 1, 2017 10:12am
I know I said I won't place anymore trades in Dec but could not help myself
UJ+655
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In trading, you have to be defensive and aggressive at the same time
  • #13,500
  • Dec 1, 2017 12:04pm Dec 1, 2017 12:04pm
Well, I am still far away from you Davit but 2% is 2 %. Steady second month on a the row. . Could be more but E really messed me up 2 weeks ago. I didn't loose a single trade in last 2 weeks. I traded EA, EN, UJ and UC. Perfect pivot follow this week. No stress. Good luck everyone and have a great weekend Davit!
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