You're going to get burnt. Consider this a warning from someone who has been burnt.
Trade 0.01 or 0.02.
2
Open Trade near Pivot line (Pivot Point) 14 replies
Weekly Pivot to Pivot Trading 19 replies
The Pivot Net Revisited (Weekly Pivot Net) 41 replies
Help with daily pivot, weekly pivot on MT4 3 replies
Pivot high - Pivot low MT4 3 replies
Disliked{quote} It seems to me you are trading too big. You're going to get burnt. Consider this a warning from someone who has been burnt. Trade 0.01 or 0.02.Ignored
DislikedWow took a nap woke up then could not believe my eyes!Funny I had whole discussion about this! "1st fundamentally inflated GBP finally is coming back to earth after decimal numbers and week is coming to close.Think about it why would MM buy GBP after shitty numbers with 2days left to trade.More likely scenario is further dropping this hot potato. 2nd in downtrend selling rallies apply and uptrend buying dips.This is trading 101 Selling at pivot is acceptable when it aligns with chart and fundamentals.Is it ideal? No but certain situations yes its...Ignored
DislikedAlso had a nice morning. Started to look into GBPAUD. USDCAD +942 AUDNZD +548 {image} {image}Ignored
DislikedAlso had a nice morning. Started to look into GBPAUD. USDCAD +942 AUDNZD +548Ignored
Disliked{quote} You were buying UC just from the same place I was buying. Didn't have the confidence to hold past the daily open line. It was really choppy for a while and as soon as it started taking off I took profit haha. It happens a lot to me, I start to micromanage my trade in the 5M timeframe. Any advice to cope with this? I have been trying to stop looking at the 5M/15M charts and only use those TF for entries. Basing my exits from H1 and H4. Good job on the trades BTW !!Ignored
Disliked{quote} Congratulations! Awesome pip numbers Just curious what was the buying trigger for USDCAD? I might be wrong, but I thought we are looking for S61 at least or S78 better, and your trades appear to be halfway only to S38 Also, if buying S38 for the last 4 weeks, that won't work, not yet anyway. Thanks, keep up the good work {image}Ignored
Disliked{quote} Congratulations! Awesome pip numbers Just curious what was the buying trigger for USDCAD? I might be wrong, but I thought we are looking for S61 at least or S78 better, and your trades appear to be halfway only to S38 Also, if buying S38 for the last 4 weeks, that won't work, not yet anyway. Thanks, keep up the good work {image}Ignored
Disliked{quote} So your not trading pivots as per the OP but assigning success to this thread, that will confuse any new comers Good luckIgnored
Disliked{quote} So your not trading pivots as per the OP but assigning success to this thread, that will confuse any new comers Good luckIgnored
Disliked{image} Having a Mac I cannot use the .ex4 and .tpl files on page 1. Can someone upload a screen shot of their chart properties as above with Davit's chart colours please so I can set up on Mac. Regards RobIgnored
DislikedFound something interesting on the clipboard for this thread. 10,000+ downloads for most of the indicators that are a part of Davit's template/system, while books he recommends reading are at less than half that number. Probably even less than that for people who actually purchase and read Trading in the Zone by Mark Douglas. Any ding dong can see a pattern and click sell or buy at a certain time, but I believe the real power in this method is actually the trader's psychology, understanding of themselves, true understanding of probabilities, and...Ignored
Disliked{quote} Hi John Snail69 is talented trader.He does often what I do as well and have preached same ideas.It may look confusing but its not.When I take swing often once get out if fundamentals agree I re enter on bounces or dips.This is trading purest at its best taking advantage of waves. 38R 38S are valid trade zone and most often price ranges a lot here. I think its better to observe and incorporate good trading habits instead of challenging it. regardsIgnored
Disliked{quote} Davit, thanks for kind words. I am honored as they come from the trader of your caliber.Ignored