Pivot Trading

check if the section tdi indicator - tdi rt clone is the same filename or not inside your indicator path

I'm done for the month. Lot's of you've been doing great this month but not me. Last days of the month I will invest into reading and going over charts to reverse this loss.

Not putting up only winners but also losers, this is trading.

Nice report! Where did you generate it?
You will turn it around in April!!

/Morgan

Hi there,

its from myfxbook.com

Change transparency to True.

Current +423 Pips

2.9% yes U up we go.

Hi 1pipperhour
You got to step back and examine what you were and are doing wrong.Its a learning process and also I count my success quarterly. You win 2 out of 3 months and show profit for the quarter then you are doing good.
Instead of changing systems change yourself.Most mistakes are not system related.
cheers

reinstall my template as is.Don't chance anything
Make sure this is done

Hey there, it looks like you are trading a lot of pairs. From my personal experience, I have found that I became profitable after i started trading less.
Overtrading can be bad sometimes. Try looking for high probability entries only. I have been using the harmonics to confirm moves.
When price starts going my way, only then i start increasing lots.
With davits method you only need 4-5 good batches of trades each month.
Hope this helps

This is from Davit Philosophy from clipboard.


The Importance of Mistakes

All automatic guidance systems reach their goals by constantly correcting mistakes. A guided missile on its way to its target has sensors that detect when it’s off course. The guidance mechanism then makes the necessary adjustment and proceeds. This is done thousands of times on its journey. The guided missile relies on this negative feedback to guide it to its destination.
Without this negative feedback, a guided missile would actually not know where it was going and would never reach its target. The same is true for the human servo-mechanism. It is unfortunate that so many of us interpret mistakes as a failure and suffer feelings of frustration and discouragement when actually the mistakes we make are exactly the information that our servo-mechanism needs to make the necessary corrections to take us to our goals. Your servo-mechanism has no opinion one way or the other about mistakes. It simply uses the information to guide it to its objective. What we call “mistakes” are actually valuable lessons for success.
An important part of Psycho-Cybernetics is learning to use mistakes creatively and to remove the negative feelings that mistakes cause.
Self-Image
The destination or goal of a guided missile is a set of coordinates programmed into its computer. The goals that program our creative servo-mechanism are mental images, mental pictures, voices and feelings which we create by the use of imagination. The most basic and important mental image that we use to program our servo-mechanism is our self-image. Our self-image is our mental blueprint or mental picture of ourselves. We don’t usually pay attention to it consciously, but it is there outside of our conscious awareness in great detail.
This self-image is our concept of “the kind of person I am.” It is constructed of our beliefs about ourselves, beliefs that have been unconsciously formed from our past experiences, our triumphs and failures, our successes and disappointments, and also by our observations of the way other people reacted to us, especially early in childhood. From all this raw information we construct a “self,” “who we are,” our self-image. Once an idea or a belief about ourselves becomes part of this self-image, we accept it as being true. We don’t think to question it so we act as if it were true. Our self-image determines our thinking, our feelings, our actions, even what we think our abilities are. It controls the amount of success, excitement, joy, and satisfaction we have. The kind of life we have, even the kind of world we appear to live in, are determined by our self-image.
Self-image explains why positive thinking is so undependable. It explains why willpower is so ineffective and difficult to maintain. Because all the willpower and positive thinking in the world cannot produce change and success if they don’t match our self-image.
Our self-image is constantly programming our creative mechanism. If your self-image is that you are a failure, your servo-mechanism will find a way to deliver that result to you. If your self-image is that you are a victim of circumstance, that will be reflected in your life. If, on the other hand, your self-image is that you are capable and successful, your creative mechanism will produce those results. The science of Psycho-Cybernetics teaches you to change and to create a self-image that is strong, caring, productive and capable. A self-image that is realistic and reasonable, and expresses your best self, your true self.

Imagination – The Tool of Change

You built your current self-image from the vivid and detailed mental pictures and feelings you’ve experienced in connection with the events of your life, especially in childhood. And you’ll use the same powerful tool, your creative imagination, to construct the kind of self-image that expresses the best of you. You will use your imagination to create images and feelings of success, satisfaction, accomplishment and strength, and with these new positive images you will re-program your servo-mechanism so that it begins to produce results in accordance with your new self-image. You’ll learn to use your imagination in a relaxed, playful way, never straining, never trying too hard.
This process will take time – you didn’t construct your current self-image overnight. But soon the new programming will begin to take.
You will feel yourself beginning to think, to feel, and to act in accordance with your new successful image of yourself. Eventually, this new self-image will become second nature, completely natural and spontaneous, and it will bring you success, satisfaction, enhanced relationships and happiness quite automatically for the rest of your life.

Once you grasp Mark Douglas teachings and truly understand probability theory and combine with this system and apply yourself then you'll see real results.
Its important to understand trajectory of success is not based on 1 month.It is important to correct your guided missile coordinates so you are hitting target more often.This may sound all fluff but I assure you its not.I am living example of what I am sharing!

Thanks Davit, this is awesome! Hits right in the center of my life.

EA, EU and NU all three plays out exactly as planned. Now time to maximize profit. Let see if I learned that lesson. I can close now and be done for a month but is not what I am trying to achieve. My winners have to be bigger than my loosers.

read the forgive chapter as well here it is! Its important you let this sink deep.

Chapter 24
FORGIVENESS
One of the biggest problems I see with traders is that they refuse to forgive themselves for trading mistakes. This causes a much bigger problem than most people realize. You see, when you make a trading mistake, you need to forgive yourself for making that mistake.
But the thing is many people do not forgive themselves for their mistakes. In fact, they do quite the opposite. They beat themselves up and continually picture what they did wrong in vivid detail. This is the very worst thing you can do after making a mistake, trading or otherwise.
Forgiveness is a key concept in Psycho-Cybernetics. As we’ve just learned about how our subconscious works, we know that if we continually picture in vivid detail something, it causes that picture to come true for us. Or it at least makes it much more likely for it to come true. So it only makes sense that if we make a mistake, we must forget that mistake and forgive ourselves completely. If, on the other hand, we don’t forgive ourselves and relive the mistake in our minds again and again, what do you think is going to happen?
It’s obvious that we will repeat the mistake. This happens because our subconscious does not care whether we give it good or bad information, it simply sees the clear pictures we give it and tries to act it out in our lives. Obviously, it can only act this picture out if it’s within our capabilities. And I think we all know that making trading mistakes is quite within our capabilities.
This is the reason it is so important to forgive ourselves when we make a mistake or an error. If we don’t, we are likely to relive the mistake in our minds and then most likely project it onto our trading. This will cause big problems.
If you think back, I’m sure can you think of times where you made mistakes and beat yourself up for it. Not forgiving yourself, no matter what the mistake, will bring out the worst emotions. Remorse, regret, self-doubt, and guilt all come with not forgiving ourselves for a past mistake.
You’ve heard it all before. I’m sure you’ve been told to forget a past losing trade and move on to the next one. Emotions are used correctly and appropriately when it applies to something in the present time. Since we cannot live in the past, we can’t appropriately react emotionally to the past.
As Dr. Maltz says, “The past can be simply written off, closed, forgotten, insofar as our emotional reactions are concerned. We do not need to take an emotional position one way or the other regarding detours that might have taken us off course in the past. The important thing is our present direction and our present goal. We need to recognize our own errors as mistakes.
Otherwise, we could not correct our course and steering or guidance would be impossible. But it is futile and fatal to hate or condemn ourselves for our mistakes.”
One of the biggest reasons people get into losing streaks while trading is because they confuse their losing trades with themselves. In other words, we conclude that because we had a losing trade or a series of losing trades, we are a losing trader.
But the important thing to remember here is we are not our losing trades. Losing trades are part of trading. There isn’t a single trader in the world who doesn’t have losing trades. The only way to avoid them is not to trade in the first place. You cannot be a successful trader until you take mistakes and losing trades for what they really are. They are simply by-products in the trading game and need to be used to gain learning and understanding. But in no way do they define us as a person.
But that is where the big problem comes in. Many people let their losing trades and mistakes define them. If they’re having trouble and have had a series of losing trades, they start to think of themselves as a loser. They continually think of themselves in that way. As we know from before, this kind of thinking will just bring on more of the same.
Forgiving yourself completely is the only way to avoid this trouble. You are not your mistakes and losing trades. You must put the past behind you and go forward. Holding a grudge against yourself only hurts yourself. Forgive yourself, it’s the only way to be successful.

I love riding motorcycles and have been 30yrs and one thing you never want to do is target fixation.Looking at directly at an object you trying to avoid hitting.
If you do this you will almost 100% hit it.Trick is to look at the exit not the object.Where you look your body follows.In racing you look not directly in front specially on the turn but ahead where turn ends and your body posture follows.You see the relationship with trading? Target fixation and fixation on mistakes is bad.Look at the image below!

colin edwards...

Brilliant post Davit

I'm printing these off and reading them daily!

Thank you guys for your support!

GU is at WP and looks like tough one to break so far.Should it go south it will open the floodgates on G pairs specially GE and GC

Could be stalling due to news event on Thurs and could drop lot more and firmly should it print negative

"Forgive yourself, it’s the only way to be successful. "

Great thoughts Mr.Davit. I think forgiving is one of the ways get to another level of being human. Holding grudges, being mean never lead to anything good. Being generous and help others is the way to live the life. Even your thread, pretty sure you learned a lot yourself after writing out rules and trying to follow them as precise as you can to show others on "how to" properly do things. In the wish of helping others you helped yourself as well and maybe even more than you realize ;-)

Wonderful posts Davit!

I'm currently battling with myself in many different ways, not just trading! Trying to become a better all rounded person is a difficult task. I envision my 'ideal' self and future regularly, although more often than not I slip back into the negative thinking that has led me to certain situations i'm currently facing. By nature I'm a self-doubter, lack in confidence and a pessimist. Albeit people tell me i'm confident and out-going, funny how we see ourselves so differently to other's. Our mind's rule us, it's a shame they can be so virus like and completely take control of our rational thoughts.

Without rambling on too much, I've been trying to do a lot of self-improvement in the past year or so, all mainly to help become a better trader, but also to elevate myself to a level I know i can reach both professionally and personally. Things I've undertaken and would recommend everyone to at least try:

Read - minimum 15 minutes a day. I'm currently reading 'The Power of Now' by Eckhart Tolle & 'Into The Wild' by Jon Krakauer. I noticed a tone of Tony Robbins? (Not sure if it originates from him, but he talks similar to reverting a car from crashing by looking away from the wall) - I like the short guide 'Notes from a friend'

Meditate - Daily - 10 mins min. I've been using the 'Headspace' app for a while now, great app lots of features and has really helped me get good night's sleeps.

Sleep - Routine! Go to sleep and wake at the same time each day. No electronics before bed.

Pilates - Stretch! I sit for 10+ hours a day at a desk... I feel sooo good after pilates, it's harder than it looks - but well worth it, your mind and body will thank you.

Exercise - Just do some form of exercise - anything! Get outdoors and walk. Walk for 30mins... walk somewhere you've never walked before Breathe that air, it really helps when you're in shitty drawdown! Not to mention all the amazing benefits exercise does for the mind and body!

Eat Clean - Watch what you eat, cut out all the shitty stuff - sugars, breads, fried shit. Blergh.. drink plenty of water and lots of veg - Makes such a big difference to your energy levels.

I find the most difficult aspect to all of this is consistency. To be consistent with everything is so damn hard. It feels impossible some days. It's so easy to get distracted. I honestly think this is what separates the elite to the norm...disciplined consistency and routine in everything... If you can do it everyday in your day to day life, it'll show in your trading too. Well, i'm by no means an expert at any of the above. I've just come to realise that I can actually stand back, listen to my thoughts and take control when they start going wonky... i'm a long way from reaching where I want to be, but i'm trying to lay the foundations block by block.

#rambleover

Ben