Thanks for your advice. I know awareness is a key trait of a successful trader, just need a reminder sometimes 
- #16,882
- Apr 4, 2018 3:27am Apr 4, 2018 3:27am
Hi all,
First things first, respect to Davit.
First post in this thread. UC long -
There was the chance that price could be taken lower so did wait a bit after the TDI cross to enter so was a bit late intentionally.
First things first, respect to Davit.
First post in this thread. UC long -
There was the chance that price could be taken lower so did wait a bit after the TDI cross to enter so was a bit late intentionally.
- #16,886
- Apr 4, 2018 3:57am Apr 4, 2018 3:57am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts
- #16,892
- Apr 4, 2018 4:30am Apr 4, 2018 4:30am
Hi all,
Hope you've enjoyed any easter breaks. Back to trading business!
I've closed out a few CAD positions with +255. Up 3% for the day. Won't be trading CAD pairs for the rest of the week.
I've found a GU trade I quite like. I'm seeing fresh lows with a nice consolidated pullback to the weekly pivot. TDI/Wave looking to point to the downside. I've 8 shorts currently open. I'd like to target untouched lows highlighted to the left.
This is what I'm seeing, and thus - trading.
Ben
Hope you've enjoyed any easter breaks. Back to trading business!
I've closed out a few CAD positions with +255. Up 3% for the day. Won't be trading CAD pairs for the rest of the week.
I've found a GU trade I quite like. I'm seeing fresh lows with a nice consolidated pullback to the weekly pivot. TDI/Wave looking to point to the downside. I've 8 shorts currently open. I'd like to target untouched lows highlighted to the left.
This is what I'm seeing, and thus - trading.
Ben
- #16,893
- Apr 4, 2018 4:55am Apr 4, 2018 4:55am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} Awesome! Great solid trading, that DD is inspiring. Ben
GL buddy
- #16,895
- Apr 4, 2018 5:07am Apr 4, 2018 5:07am
{quote} thnx Ben dude! .... it was the master trader Lastingwell that showed me how 2 do this but it took me like 4 ever to finally understand ...... i use a simple fractals management sys on the DD chart to control risk ..... remember wat da man says dudes risk is like 1 of the few things u can control in trade'n
.Ben
- #16,897
- Apr 4, 2018 5:13am Apr 4, 2018 5:13am
Hello traders, stumbled upon this thread by chance, and really like the look of things. I trade a system pretty comfortably already but these pivots might be the thing that takes my system to the next level. Big thanks to Davit for putting this public, traders helping traders is how we get better.
I will be honest and say i haven't read everything yet, I'm on page 75 or so, plenty more to go. I think I covered the basics though, and I will try not to ask stupid questions.
I took the EG today as my first trade using Davit's method. Everything looks correct to me, so i will post the chart here, but please do say if there is a mistake.
Previous rejection of S61 yesterday, then a gap down early this morning for price to hold around S61 @ 0.8716
I like the building of positions, can help minimize risk, but it's hard to know when to add them on.
Exited just above S38, almost exited after the bounce of daily open, but decided to trust the system.
Happy trading to all and thanks Davit for sharing, will keep testing and hopefully this adds a needed edge to my trading.
I will be honest and say i haven't read everything yet, I'm on page 75 or so, plenty more to go. I think I covered the basics though, and I will try not to ask stupid questions.
I took the EG today as my first trade using Davit's method. Everything looks correct to me, so i will post the chart here, but please do say if there is a mistake.
Previous rejection of S61 yesterday, then a gap down early this morning for price to hold around S61 @ 0.8716
I like the building of positions, can help minimize risk, but it's hard to know when to add them on.
Exited just above S38, almost exited after the bounce of daily open, but decided to trust the system.
Happy trading to all and thanks Davit for sharing, will keep testing and hopefully this adds a needed edge to my trading.
{quote} thnx Ben dude! .... it was the master trader Lastingwell that showed me how 2 do this but it took me like 4 ever to finally understand ...... i use a simple fractals management sys on the DD chart to control risk ..... remember wat da man says dudes risk is like 1 of the few things u can control in trade'n
- #16,899
- Apr 4, 2018 5:54am Apr 4, 2018 5:54am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} Thanks for this - Would you mind explaining a little more? I think i'm in the "not fully understand" group
theres no way around this ...... IMO finding ur edge [if u can] is the holygrail of things u must do ....... like Davit says u only need a small edge 2 win ....... my guessing is that 30% of traders can do this over short timeframe [after few to five years getting there]"over short timeframe" ...... i notice that mega good traders smash'n it like a boss start to go south after a year or two ...... strange kinda thing like the market got cluey and decided to smash them back
...... yeah sure as shirt Lastingwell was a master traderIMO even wit edge doesnt mean spit if u cant manage it right ...... u could be a winning loser np
meaning u sabotage ur self like idot ..... i did that all the time ...... until i started managing the risk [DD chart] and not the currency chart ...... dis was like mega hard to do and took me long timeIMO indis are important ..... fundies are important ..... [& yes like Hanover says u must have both] ........ BUT! they will not do any more than tell u when ur setup hits ..... thats it thats all nothing more nothing less ....... u got no control wat will happen for that or any other setup ...... it will only take 1 dude somewhere in the world 2 slam u out of that trade or ur account!!!!!!!!! ......... the 1 thing u can control is RISK
hope this rant helps
- #16,900
- Apr 4, 2018 6:02am Apr 4, 2018 6:02am
{quote} ..... IMO the first step before anyting is make sure u have edge
Ha, sorry - I was unclear, I meant could you explain a little more about your risk control method with the DD chart? The fractal method you mentioned.
Thanks for the above also. I've been trading over 3 years now and reaching the point where I'm starting to feel things click, more in sync with the market and the right price action is becoming obvious. I need to work on a lot of stuff. Constant wheel in motion though and I never expect this to stop.
Ben