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Pivot Trading

  • #17,161
  • Apr 11, 2018 10:51am Apr 11, 2018 10:51am
Spot on post, bravo.

Quoting Davit
{quote} please knock off the preying hands.This system is based upon probability theory and I suggest you watch Mark Douglas videos again and again until it sinks in You guys grow balls and trade like an adult! Trading is a game of probabilities. To make money in the markets, you must be trading a strategy which provides you with an edge. If you apply that strategy correctly over time, it should make you more money than you lose. It’s the understanding of how probabilities work, which is key to a traders success. Let’s look at a simple scenario...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #17,162
  • Apr 11, 2018 11:40am Apr 11, 2018 11:40am
Quoting keikor
{quote} Hello Davit, Can I know how do you manage this trade as this seems to be a drawdown now? You mentioned that you have a hard stop of say $500 per batch, may I know what is your hard stop if this trade didn't reverse? Thanks!
my hard stop is 30k how is this relate to you
500 was an example your sl should be based on your account size

You should seriously maybe consider not trading at all specially my previous posts about probabilities and info on my 1st page.Either you prefer spoon fed or you are excruciatingly lazy to do search on this thread by using search function

anyway you are removed

STOP LOSS
1 Decide how much each swing is worth example $500
2. Divide $500 into mini lots for multiple entries example .50c a pip gives 1000 pip distance
3. This allows averaging in orders as seen fit irregardless if previous orders are in red
4. Orders are placed as long as reason for trade is still valid
5. If conditions change loss is taken since orders are not placed all at once this allows smaller loss
Swings
Each Swing investment $500 (example yours could be anything)
Swing is taken as loss once -$500 is reached
There are no exceptions.No running red beyond $500
Orders broken down into mini lots that satisfies each swing consist of 10-15 trades
My budget for this is 2-3% of account risk say $500 for example.I then enter trades on mini lots and as long as my 500 is not consumed on DD and I am still confident of my trade I stay on it.I may choose to get out early but most times my SL is predetermined.This allows me to cast a wider net. So my 10mini lots can cover 50pip distance hence capture better RR
There is advantage to trade this way.Should PA go against you and you no longer like the trade you can get out by fraction of lot invested hence your loss is minimal instead of traditional 1 trade 1lot per trade when if wrong loss is substantially higher.
Numbers posted are for examples only
In trading, you have to be defensive and aggressive at the same time
  • #17,163
  • Apr 11, 2018 11:56am Apr 11, 2018 11:56am
XBRUSD short trade taken from r100:

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AUDJPY short from r61:

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AUDUSD short from r100:

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GBPUSD short from +r100:

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NZDUSD short from +r78:

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Am I the only one who can see setups clearer when shorting?
  • #17,164
  • Apr 11, 2018 11:58am Apr 11, 2018 11:58am
In profit GU AU GA

I can remove boneheads all day long and you know what this thread excels because freeloaders are not slowing the rest of traders here who are committed.

Advise to new traders.Read page 1 and SHUT THE FK UP and read the material and practice place some trades and again SHUT THE FK UP until you feel confident! Don't offer flying Buddhas Bollinger bands MA's and other garbage indicators! KEEP your baggage private!
Yes this is harsh but its becoming real nuisance!dealing with idiots.You don't like my attitude? That's great even more reason you should not be here!
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In trading, you have to be defensive and aggressive at the same time
  • #17,165
  • Apr 11, 2018 12:19pm Apr 11, 2018 12:19pm
FOMC minutes coming out soon, It will be interesting to see if they change it to four rate hike not three! I think this is a possibility and this will no doubt strengthen the Dollar.
What are your thought guys?
  • #17,166
  • Apr 11, 2018 12:20pm Apr 11, 2018 12:20pm
My first couple weeks with Davit's method. Nowhere near perfect, plenty of rookie mistakes, but despite that still kept a 70% win ratio and +22% on my account. Now just have to cut out the silly mistakes.

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I think the key thing is small lot sizes and building your position. The Pivots are not always perfect, and there will be drawdown/stop-hunting, but if you keep the lots small and can withstand the drawdown, when price does go in your favour you can tack on more lots.

Please heed Davit's advice and READ THE THREAD, the results will follow .

Thank you Davit for the guide, i look forward to trading more with the method.
  • #17,167
  • Apr 11, 2018 1:18pm Apr 11, 2018 1:18pm
GU still running
not sure yet if it may bounce from R78 up again or break south.Too early to tell
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In trading, you have to be defensive and aggressive at the same time
  • #17,168
  • Apr 11, 2018 1:21pm Apr 11, 2018 1:21pm
I think this trade is taken correctly. Please correct me if I'm wrong.
Thank you, mr. Davit.

Cheers,
Gina
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  • #17,169
  • Apr 11, 2018 1:25pm Apr 11, 2018 1:25pm
I have sold NU and im watching NC...
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  • #17,170
  • Apr 11, 2018 1:27pm Apr 11, 2018 1:27pm
Is the key to trading successfully thinking of trading like an art more than a science?

Maybe that's why Davit calls himself an artist in his profile.

Sometimes we can just sense that price is going to go down or going to go up, we need to be weary of our mind numbing our inner intuition. For it itself is more knowledgeable than what we think it is.

I love trading as one of the main reasons one is successful is because he had to master himself before mastering the market. Without being confident on who you are, why are you trading and the decisions you take, there is no way to succeed.

Sometimes price location, near pivots, can "predict" the future fundamental news. How come, for example, price stall just on R100- a level drawn at the beginning of the week- and from there reverse in the moment and time before sentiment changes or a piece of news is given just there?

What comes first the chicken or the egg?
  • #17,171
  • Apr 11, 2018 2:29pm Apr 11, 2018 2:29pm
Quoting Nenuser
XBRUSD short trade taken from r100: {image} AUDJPY short from r61: {image} AUDUSD short from r100: {image} GBPUSD short from +r100: {image} NZDUSD short from +r78: {image} Am I the only one who can see setups clearer when shorting?
I usually stick to lurking but I had a very similar issue, only with buying.

I was able to fix this by switching the colors of my candles. Bull candles are now red, Bear candles are now blue. Give it a try, imo it makes structure easier to spot without bias.

Cheers.

And thank you, Davit. For someone who learned from Price is Everything, new perspectives and edges are always welcome.
  • #17,172
  • Apr 11, 2018 4:13pm Apr 11, 2018 4:13pm
[quote=Davit;10955607]{quote} please knock off the preying hands. I suggest you watch Mark Douglas videos again and again until it sinks in You guys grow balls and trade like an adult!

Brilliant
Indentify > Plan > Accept > Execute
  • #17,173
  • Edited 8:15pm Apr 11, 2018 7:57pm | Edited 8:15pm
Good evening pivoters

Looks like Syria attack threat is much to do about nothing.Few missiles even if fired does not change anything.
Stay calm let the market lead.USD is unnaturally sold off due to Trump tweets about Syria attack but my view remains USD corrections are due and staying on course.
US economy is doing great and Feds minutes was bullish that's what matters not hell hole situation in Syria where hundreds of faction groups are killing each other.This situation is a nightmare for ordinary Syrians.Their country is essentially hijacked by US,Russia,Turkey,Iran,Saudi Arabia,Israel,Lebanon each fighting for influence.
To blame everything on Assad is not seeing the bigger picture.Gas attack allegedly by Assad has not been confirmed.It has been reported that rebel group has staged the whole thing.Could be true and its real possibility rebels have something to do with this drawing US in conflict.
Crude is spiking!
In trading, you have to be defensive and aggressive at the same time
  • #17,174
  • Apr 11, 2018 10:38pm Apr 11, 2018 10:38pm
Watch guys on Yen pairs for opertunity! Whenever anything happens scared money flows to Yen and love to see UJ at 106 to hummer this hard
Watch AJ as well
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In trading, you have to be defensive and aggressive at the same time
  • #17,175
  • Edited 11:42pm Apr 11, 2018 11:28pm | Edited 11:42pm
Jobless Claims
Released On 4/12/2018 8:30:00 AM For wk4/7, 2018
PriorConsensusConsensus Range
New Claims - Level242 K230 K225 K to 232 K
4-week Moving Average - Level228.25 K
New Claims - Change24 K

Consensus Outlook
Initial claims are expected to come in at 230,000 in the April 7 week vs an outsized jump to 242,000 in the prior week. Even at 242,000, claims have been consistent with minimal layoffs and strong demand for labor.

-

Import and Export Prices
Released On 4/12/2018 8:30:00 AM For Mar, 2018
PriorConsensusConsensus Range
Import Prices - M/M change0.4 %0.2 %-0.1 % to 0.5 %
Export Prices - M/M change0.2 %0.3 %0.0 % to 0.4 %
Import Prices - Y/Y change3.5 %
Export Prices - Y/Y change3.3 %

Consensus Outlook
Inflationary effects of the lower dollar are what to watch for in import prices though Econoday's March consensus is a modest 0.2 percent gain. In February, import prices rose 0.4 percent despite a sharp decline in petroleum prices. Export prices are seen rising 0.3 percent in March.
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Plan your trade and Trade your plan.
  • #17,176
  • Apr 11, 2018 11:52pm Apr 11, 2018 11:52pm
Quoting Nenuser
Is the key to trading successfully thinking of trading like an art more than a science? Maybe that's why Davit calls himself an artist in his profile. Sometimes we can just sense that price is going to go down or going to go up, we need to be weary of our mind numbing our inner intuition. For it itself is more knowledgeable than what we think it is. I love trading as one of the main reasons one is successful is because he had to master himself before mastering the market. Without being confident on who you are, why are you trading and the decisions...
you are making lot of assumptions about me with only 2 posts.Obviously you have not read the thread at all.
I said in my profile I am an artist because I am one for real!Stop preaching!
Try stay quiet please!Focus on trading! and maybe reading the thread a little
I am giving you a chance don't fk it up.Don't respond to this post! Stay low and observe!If you do respond you will be removed
In trading, you have to be defensive and aggressive at the same time
  • #17,177
  • Apr 12, 2018 2:31am Apr 12, 2018 2:31am
Quoting Davit
{quote} you are making lot of assumptions about me with only 2 posts.Obviously you have not read the thread at all. I said in my profile I am an artist because I am one for real!Stop preaching! Try stay quiet please!Focus on trading! and maybe reading the thread a little I am giving you a chance don't fk it up.Don't respond to this post! Stay low and observe!If you do respond you will be removed
You hit the bulls eye with your reply Davit. Nothing against anyone but people really need to stop talking, begin reading and start discussing meaningful stuff. It'll be whole lot fun then.
Fall seven times, stand up Eight! #GGMU
  • #17,178
  • Apr 12, 2018 2:40am Apr 12, 2018 2:40am
Still in GU...notice how yesterday's and today's open price is acting like a pivot. Price is stuck between open price and 100R. Perhaps the BOE press conf tonight might move things...lot of space to the downside and lot of positive USD data lately + hawkish statement yesterday, so my bet still remains to the downside. But you never know and one shld be prepared for any outcome always. Cheers!
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Fall seven times, stand up Eight! #GGMU
  • #17,179
  • Apr 12, 2018 4:09am Apr 12, 2018 4:09am
Eu is looking good for now, looking to take profit around R38, if we get a rejection.

My Gu still running and in profit now, not sure if this is a retracement of the dollar or a turn but I will not get greedy and prob close both at R38
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  • #17,180
  • Apr 12, 2018 4:30am Apr 12, 2018 4:30am
Nice points
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