My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

Remember, the key is only trade small trades with a larger equity so not having to be called by Oanda to add equity or they will have to close trades to keep them safe within 24 hours. You can wait, or I usually add small amounts to keep my Margin% > 200% +. I do have some extra discretionary money for this situation, as I try to wait for my targets to hit and keeping entry trades in the 61% plus areas to stay within my limit DD to stay within the higher likelihood of a reversal swing trade.

As you can see, so far, I am still on course towards my original Target which was too close to the WPP with EN +105 Pips:

Well, I did had to manually CL a few trades, thus lossing my profits this morning. I believe it was a little greed and going after a misplaced trade last week too near the Pivot WPP area:



But the $8.00 was nothing as it could have been greater after a sudden reversal upward at 15 M.

In retrospect, I may have gotten out in better time using the M1-M5 using my PVSRA-FIFO set up at these lower time frames (see FIFO with Cigarguy). I will see next time in the same situation, I will switch to the very low time frames when I am too close to the Pivot WPP area. Fore example:

Well, I decided to close out all my last 2 EN trades which where too close to the WPP central Pivot point. Trading near the WPP is never a good idea. And, you end up there after a major change in the average weekly WPP, then it is best not to over-trade, trade small, keep a large equality back-up so losses are not too significant e.g. $28 only, to avoid a larger DD in my account - taking trades in the >61-100% Zone is key !



I will take a break now !

Yours,
-John

Thu, March 8,2018 11:00 am EST

GM Friends,
Well, for more choices, I decided to go back to my Currencies Pairs to expand or widened choices again despite my study above.I believe will will even go lower next week to have my 61-100% Zone af=gain as the PA has been running lower:



My personal Journal here is to continue gaining my skills...so I believe this is a good idea at this time. But, watching the 4 pairs that seem to vary less.

Stay green my Friends.

- John

Here is an example where I took a trade too closet within WPP area last week which was not smart to do as it chew up some of my DD:

Here is one I missed because I already was too deep with high DD.Still waiting to hit may target soon as I took this trde too close to the WPP as able:
:

Here is a shot I took on my MT4 AP and it came out to close to the WPP. Using a cellphone MT4 is not smart again as it was too near WWP. I was lucky to get a few pips. But, cellphones MT4 aps are only safe to close trades going against you. I made a few pips by luck only - basically gambling:

Friday March 9, 2018 0805 EST

AC is in the R61-100% Zone looking as it is setting up for a southward movement today:



Best of Luck !

I believe that the MM are taking out SL positions to have the liquidity to use to sell in a few minutes - making for shorting small trades my working diagnosis:

https://charts.mql5.com/17/746/audca...ivision1-3.png

Because we in the EST nearing Friday Close, I will hold these trades hoping that they are closed out without jumping my short trades with the usual MM widening of the spread to save money and closing their book - potentially dangerous:



Have a fun and healthy weekend !

I leave you with this old video again about gambling from one of the greatest singers Kenny Rogers - It can relate to Forex when you do not stay with a plan when playing against the Market Makers (MMs). These are found on Youtube.com using "Forex Songs" as keywords. Note, there are so many Forex Songs in Non-English singing that are so cool but I left out as I couldn't make them out. But, Enjoy the English songs:



And these other songs too - But, they are some that are songs to sell you their systems which I do not support. Just a little fun songs about Forex in different singing styles, that make some funny good points on trading Forex - but, just in a joking manner:

Saturday March 10, 2018 0849 EST

GM Friends,

I am doing a little bit of training using Fx Blue - Trading Simulator V3. It is free at FxBlue.com and a fun way to test and practice your skills while waiting for the market to open tomorrow afternoon:



https://www.fxblue.com/live/

Enjoy.
-JG

Interesting, there seems to be NO predictions with minimal Pivots distances from Week-to-Week or from Month-to-Month. In fact, the total reverse can be true. The only thing say the position from week-to-week or Month-to-Month needs to be within the 78% Fib or better to help secure your DD low 5%-10% or no more than 20% of your equity !

My above work was not a waste of time as I needed to prove this fact for myself. In the end, I will follow Davit's favorite currencies on Page 1 on his Pivot Trading ! I did test Oanda's newest v2 platform and found it be somewhat less Pivot-to-Pivot.I am testing this newer and faster platform based on GMT+2 Demo. I my change over from GMT-5 to the GMT+2

Cheers my friends,
-John

AC +34.4 Demo Oanda v2 - I am using this Oanda V2 Demo account due to my high DD my Oanda Live account wit a Margin Level of 156.80 %. As you will see, I am doing very well on this Demo over the last day:

EC +65.4 :

NC +28 :

Friday March 16, 2018 0843 EST

GM Friends,

All my short trades have eaten up my DD as AC was OB for the last 2 weeks. I just need to wait patiently until my Targets are hit with correction as my Margin % is low at 173.8%. In the meantime, I will focus on studying the thread "Pivot Trading" by Davit. By not trading is still trading by not over-trading and have a Margin Call and having to loss money manually closing out o maintain a decent Margin % at least 150% or greater:



Cheers and Good Luck!
-John

AC +177.8

Well, despite it all, I was able to capture Pips using small lots with a downward expected momentum today:



The gap is closing going towards my earlier short trades. Let's see what what happens next week.

Have a great week all !