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Pivot Trading

  • #16,581
  • Edited 2:50pm Mar 27, 2018 1:48pm | Edited 2:50pm
AN could see a rise later on when business confidence comes out. See below my reasoning. I forgot to mention that I want to see a hit of S78 and reaction. Thank you Davit for all the valuable information in here.


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  • #16,582
  • Mar 27, 2018 2:04pm Mar 27, 2018 2:04pm
Quoting Davit
{quote} if you use that as signal you will lose.Think about it.It can't be that simple right?Just go to Oanda retail positions table and take every trade opposite.This is a myth.Trading is lot harder. one of many https://www.dailyfx.com/forex/educat...ders_Make.html From below chart retail traders by large had the right direction but their R/R was poor.Why is their R/R poor because positions were too big over leveraged and they were shitting in their...
Thats absolutely true. And I am a perfect example of it. That's seems to be my issue I am working hard on to resolve but have no success. Good example; I Sold EU yesterday night before bed, 1 order( can't afford more to risk overnight) today's what I see? Nice 50 pips down
and what I did? I closed it. Automatically. Absolutely without thinking. If I would wait I bit longer and and add more orders instead I would be doubling and tripling my profit and yet I am grabbing penny and go. It's already clear it's in my mind. Not market not anyone else is involved but me creating my own troubles. need to read MD again and again and again until it stuck in my head like my own idea.
  • #16,583
  • Mar 27, 2018 2:11pm Mar 27, 2018 2:11pm
Hi Denisius,

why dont you trade 0.01 lot? I think if this is even too high for you then you should really not trade live at all and rather trade demo while at the same time save up some trading capital.

Just an idea...did not mean it bad.

Cheers

Jester
  • #16,584
  • Mar 27, 2018 2:35pm Mar 27, 2018 2:35pm
Hi Davit,

Thank you for the immense amount of valuable information. It has been a tremendous help to me for many reasons. I have been able to consolidate the good habits and remove many of the bad ones through studying this thread.

I have attached a trade I took on the NZD/JPY earlier.
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  • #16,585
  • Mar 27, 2018 2:43pm Mar 27, 2018 2:43pm
My first trade from how much i have understod i hope it will go well
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  • #16,586
  • Mar 27, 2018 3:01pm Mar 27, 2018 3:01pm
Quoting RobertSummer
Hi Davit, Thank you for the immense amount of valuable information. It has been a tremendous help to me for many reasons. I have been able to consolidate the good habits and remove many of the bad ones through studying this thread. I have attached a trade I took on the NZD/JPY earlier. {image}

Your levels are off by as much as 15 pips.
I wouldn't use that broker.

Use OANDA GMT-5 as per page 1.
  • #16,587
  • Mar 27, 2018 3:02pm Mar 27, 2018 3:02pm
Quoting pgr45za
{quote} Your levels are off by as much as 15 pips. I wouldn't use that broker. Use OANDA GMT-5 as per page 1.
Thank you, I will check that now.
  • #16,588
  • Mar 27, 2018 3:10pm Mar 27, 2018 3:10pm
great thread.
Fay All Time Return: -98.7%
  • #16,589
  • Mar 27, 2018 3:17pm Mar 27, 2018 3:17pm
G negative. EG positive.

https://www.bloomberg.com/news/artic...est-since-2016
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  • #16,590
  • Mar 27, 2018 3:40pm Mar 27, 2018 3:40pm
Quoting Jester_73
Hi Denisius, why dont you trade 0.01 lot? I think if this is even too high for you then you should really not trade live at all and rather trade demo while at the same time save up some trading capital. Just an idea...did not mean it bad. Cheers Jester
It's not that. I trade long enough with real money but with different results. I can trade full lots but what's for? If I can't achieve consistency in trading. I tried all styles and ways to trade. Big mone small mone one lot many lots one order etc etc. I was making a lot but I was loosing a lot more. and I keep coming back to same results. I can have few great months and then I blew it all away. 6 months ago I found Davits Povots and his MD book. And things changed. But fears of past losses still in the head. First time I found peace in trading. But I still have habit to take small instead of take big. No reason to risk big money if I do the same stupid thing with small. Thanks for advice!
  • #16,591
  • Mar 27, 2018 5:38pm Mar 27, 2018 5:38pm
Ok, first stab on AN....I am aware of the news coming up in 80 minutes hence only 2 0.01 lots to test waters.

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  • #16,592
  • Mar 27, 2018 7:26pm Mar 27, 2018 7:26pm
Quoting Jester_73
Ok, first stab on AN....I am aware of the news coming up in 80 minutes hence only 2 0.01 lots to test waters. {image}
I mentioned it already. Davit saw it last week. I am in as well.
  • #16,593
  • Mar 27, 2018 7:36pm Mar 27, 2018 7:36pm
I like the dog mate.
R





Quoting denisius
{quote} I mentioned it already. Davit saw it last week. I am in as well.
Ronnie Renko
  • #16,594
  • Mar 27, 2018 8:44pm Mar 27, 2018 8:44pm
EA H4 +50pips ..... stop hunt setup ..... theres something about a wink entry way cool ...... this is the type of trade u dont want 2 hold 4 to long [smash&grab]

some superb trading im seeing every1
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  • #16,595
  • Mar 27, 2018 10:53pm Mar 27, 2018 10:53pm
Quoting pgr45za
My impression with this thread is that it has more to do with reading fundamentals (getting in sync with the mind of the market) than it does just with pivots. Pivots are "just" the signposts. Having looked at this week's calendar, along with a reading of the news to gain a grip of where sentiment is headed I conclude: 1. EUR expected to strengthen a bit on Monday with hawk Weidman. 2. USD expected to outperform all week as confidence and GDP expected to improve from last print. Also, as Mnuchin said on Fox News Sunday that negotiation with China...
Excellent. I do think you have the writing talents to package your fundamentals in a story-like manner or by way of a script which can evoke scenes. Having spent more than 20,000 hours on watching the screens and hurting the back, I enjoyed watching the behaviour of symbols and groups and forecasting comparing a day or or a session as a play where the symbols take turn to perform. I wish I had writing and story-telling skills. Watching the screen and the ability to forecast the dancing movements linked to triggers (announcements made on the stage) gave me a lot of pleasure and pelf. Purely watching screen based on fundamental script never made me lose money. I always waited for the trade to happen and whenever I pushed myself to go for the trade I lost money.
Practice makes a person perfect
  • #16,596
  • Mar 27, 2018 10:59pm Mar 27, 2018 10:59pm
Quoting Opayq
Upcoming news events. {image} {image} {image} {image} {image} {image} {image} {image} {image}
Can you please give the source of this material?
Thank you.
Practice makes a person perfect
  • #16,597
  • Mar 27, 2018 11:35pm Mar 27, 2018 11:35pm
Quoting mizi123
My first trade from how much i have understod i hope it will go well {image}
Hi friend you are missing angelator key indicator and magnified price indicator.Please install them.
Angelator more important.
cheers
In trading, you have to be defensive and aggressive at the same time
  • #16,598
  • Mar 28, 2018 1:11am Mar 28, 2018 1:11am
Quoting Davit
{quote} Hi friend you are missing angelator key indicator and magnified price indicator.Please install them. Angelator more important. cheers
YES Davit, I really don't understand what i em missing out with TMS angleator but he dosen't blink when i put it on the chart if somone can help me i will be very thancful
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  • #16,599
  • Mar 28, 2018 1:38am Mar 28, 2018 1:38am
Only my 3rd group of trades with Davit's system but loving it so far!!

Still learning the ropes so got in a bit early and I chickened out early (was on my phone so couldn't see TDI all red) but still managed to snag around +130 pips in a few hours.

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  • #16,600
  • Mar 28, 2018 1:52am Mar 28, 2018 1:52am
Quoting mizi123
{quote} YES Davit, I really don't understand what i em missing out with TMS angleator but he dosen't blink when i put it on the chart if somone can help me i will be very thancful {image}
Hi mizi,

pls check under indy setup the visualization, I am enabled all TF and data window.
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