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Pivot Trading

  • #17,621
  • Edited 10:34am Apr 23, 2018 10:24am | Edited 10:34am
Quoting Opemipo
{quote} Pls what is your opinion now on our EURAUSD trade?{image} Olufemi
What are the reasons for your entry?

It seems like you entered sell on a short term support, not on a key level (pivot, RN) and without reason at all. Even the TDI, which serves as confirmation, didn't agree with your short. Price may come back depending on Today's AUD CPI news.

Why are you a "High Impact member, top 1%" if you can't identify these things?

I see, a few pages back you decided to follow Davit's signal. But, you entered too late. That's why following signals blindly even from a great trader might lead to losses. If you can't see clearly the entry for yourself then you won't be able to exit in the right moment.
  • #17,622
  • Apr 23, 2018 10:25am Apr 23, 2018 10:25am
Quoting Davit
{quote} had you actually installed my template as is you would not have had issues.I can already tell by TDI colors lines and Anglator background is different so its obvious you skipped steps then you ask for help. make sure this is correct.You are on thin ice. {image}
installed but some files cant open so that added standalone tms angelator and tdı why is not transparent
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  • #17,623
  • Apr 23, 2018 10:32am Apr 23, 2018 10:32am
Quoting Nenuser
{quote} What are the reasons for your entry? It seems like you entered sell on a short term support, not on a key level (pivot, RN) and without reason at all. Even the TDI, which serves as confirmation, didn't agree with your short. Price may come back depending on Today's AUD CPI news. Why are you a "High Impact member, top 1%" if you can't identify these things?
Ask Davit the same question here https://www.forexfactory.com/showthr...10988753#reply

Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #17,624
  • Apr 23, 2018 10:36am Apr 23, 2018 10:36am
Quoting Opemipo
{quote} Ask Davit the same question here https://www.forexfactory.com/showthr...10988753#reply Olufemi
Davit sold in R38 and was deep into profit for 5 hours. His reason and timing was different than yours. You followed blindly and you got burnt!
  • #17,625
  • Apr 23, 2018 10:38am Apr 23, 2018 10:38am
Quoting Nenuser
{quote} Davit sold in R38 and was deep into profit for 5 hours. His reason and timing was different than yours. You followed blindly and you got burnt!
lol...You sound too arrogant brother.

Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #17,626
  • Apr 23, 2018 10:40am Apr 23, 2018 10:40am
Apparently, those who can't read (page 1, 2 years experience) also can't search.

Please understand that we don't have the time to spoonfeed you, change your diapers and whatnot ...

Shape up or ship out ...
  • #17,627
  • Apr 23, 2018 10:46am Apr 23, 2018 10:46am
Quoting Opemipo
{quote} Pls what is your opinion now on our EURAUSD trade?{image} Olufemi
Did u read this from Davit?

I have no idea.I play probabilities and honestly don't know future of my trades outcome.Nobody knows either.Point is understanding how probabilities work out with an Edge.
This thread is based on many things and probabilities is one major aspect.

Technical price patterns aren’t designed to tell us what ‘will’ happen next…
Technical methods of any kind, price action included, are not designed to tell us what a market will do next. As Douglas says, they are designed to help us put the ODDS of success in our favor over a SERIES of trades. There are some profound psychological implications that go along with this fact…
The outcome of any particular signal is unique and random. There’s no way to know in advance the outcome of any particular signal or the sequences of wins and losses or over a series of trades. In other words, the nature of trading is random.
Douglas goes onto to describe something that may be a little difficult to understand at first, but that is critical for you to grasp if you want to make consistent money trading:

Next time someone asks me this will be removed from this thread!
  • #17,628
  • Apr 23, 2018 10:48am Apr 23, 2018 10:48am
Quoting Opemipo
{quote} Pls what is your opinion now on our EURAUSD trade?{image} Olufemi

IMO price looks to want to jump up to R61. I had positions opened from last week at the 1.6 level, and was able to close them today before the LO as i didn't like the PA. When i first jumped in this thread i was very tempted to follow Davit after he posts, but if you look back at the history of his posts, his entries are razor sharp usually right at the pivot level, so if PA reverses he is not in bad shape with DD and can re-evaluate. Davit's entries are around 25+ pips higher than yours, multiplied by the number of lots, you do the math on how many pips you are behind.

Slow day for me, closed EA, NC from last week. No charts as they aren't the right template. Waiting for CAD and AUD news later on today, interested to see if the market already pricing in Peloz speech on UC, or if there is more to go.
  • #17,629
  • Apr 23, 2018 10:58am Apr 23, 2018 10:58am
Quoting Opemipo
{quote} lol...You sound too arrogant brother. Olufemi
I am not. I am trying to tell you what you did wrong. You are arrogant thinking that you can win with no effort. You have to be sharp, this is a zero sum game, when you lose others are winning so expect direct competition from smarter, more experienced people and with more resources than you. If you are lazy and expect to win with little effort, taking the profit from others then you will probably lose in the long term.
  • #17,630
  • Apr 23, 2018 11:10am Apr 23, 2018 11:10am
Quoting Ptecz
{quote} Did u read this from Davit? I have no idea.I play probabilities and honestly don't know future of my trades outcome.Nobody knows either.Point is understanding how probabilities work out with an Edge. This thread is based on many things and probabilities is one major aspect. Technical price patterns aren’t designed to tell us what ‘will’ happen next… Technical methods of any kind, price action included, are not designed to tell us what a market will do next. As Douglas says, they are designed to help us put the ODDS of success in our favor...
I love your response brother. Thanks so much.

Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #17,631
  • Apr 23, 2018 11:11am Apr 23, 2018 11:11am
Quoting Canning34
{quote} IMO price looks to want to jump up to R61. I had positions opened from last week at the 1.6 level, and was able to close them today before the LO as i didn't like the PA. When i first jumped in this thread i was very tempted to follow Davit after he posts, but if you look back at the history of his posts, his entries are razor sharp usually right at the pivot level, so if PA reverses he is not in bad shape with DD and can re-evaluate. Davit's entries are around 25+ pips higher than yours, multiplied by the number of lots, you do the math...
Thanks so much for your response. Very encouraging...

Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #17,632
  • Apr 23, 2018 11:13am Apr 23, 2018 11:13am
Quoting Nenuser
{quote} I am not. I am trying to tell you what you did wrong. You are arrogant thinking that you can win with no effort. You have to be sharp, this is a zero sum game, when you lose others are winning so expect direct competition from smarter, more experienced people and with more resources than you. If you are lazy and expect to win with little effort, taking the profit from others then you will probably lose in the long term.
Brother, I know you have been in this thread longer than I do. If you come to my zone too, you will probably be in the same shoe.

Do not worry, I will take my time to learn and learn the system very well.

May God bless you. Thanks so much.

Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #17,633
  • Apr 23, 2018 12:04pm Apr 23, 2018 12:04pm
Guys and gals,

check out the S&P 500 monthly chart: huge AB=CD bearish pattern formed.
Could it be headed to 1500?
  • #17,634
  • Apr 23, 2018 12:38pm Apr 23, 2018 12:38pm
UJ (held from last week)
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  • #17,635
  • Apr 23, 2018 12:42pm Apr 23, 2018 12:42pm
Quoting Canning34
{quote} IMO price looks to want to jump up to R61. I had positions opened from last week at the 1.6 level, and was able to close them today before the LO as i didn't like the PA. When i first jumped in this thread i was very tempted to follow Davit after he posts, but if you look back at the history of his posts, his entries are razor sharp usually right at the pivot level, so if PA reverses he is not in bad shape with DD and can re-evaluate. Davit's entries are around 25+ pips higher than yours, multiplied by the number of lots, you do the math...

Just my 2 cents.
Depend on your own TF, on Mar 16(Long White) & Api 13 (Pinbar) @S100.
Last friday, closed my long @1.5890, +90 pips, hold a week, because swap fee.
Waiting for short @1.61xx above.

Cheers
  • #17,636
  • Apr 23, 2018 1:02pm Apr 23, 2018 1:02pm
Quoting Nenuser
{quote}Why are you a "High Impact member, top 1%" .
This is by far the most overrated thing on FF. Just because someone has a red dot besides their name does not make them a good trader. We have plenty of examples on this thread itself.
Fall seven times, stand up Eight! #GGMU
  • #17,637
  • Apr 23, 2018 1:06pm Apr 23, 2018 1:06pm
Quoting Opemipo
{quote} Pls what is your opinion now on our EURAUSD trade?{image} Olufemi
you are removed from here.Its not personal.Did not see you put effort at all to understand what this thread is about.
green journey somewhere else.
In trading, you have to be defensive and aggressive at the same time
  • #17,638
  • Apr 23, 2018 1:16pm Apr 23, 2018 1:16pm
Quoting pgr45za
Guys and gals, check out the S&P 500 monthly chart: huge AB=CD bearish pattern formed. Could it be headed to 1500?
All three, DJI, SP500 and NASDAQ are not looking well at all.
Trade with confidence, trade without fear.
  • #17,639
  • Apr 23, 2018 3:10pm Apr 23, 2018 3:10pm
XAUUSD is near a good support around S100. Check the blue box. I am following it. My only concern is there is a room to WS138-WS161 area.
I hope i will evaluate the price action well.
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  • #17,640
  • Apr 23, 2018 3:47pm Apr 23, 2018 3:47pm
Quoting Cryptosurf
{quote} All three, DJI, SP500 and NASDAQ are not looking well at all.
Cause a dollar strength continues! I am watching it all day , I have been waiting for it few months already. Data keeps supporting but Bulls didn't want to give up. Euro down imminent. I am looking at most pairs and all of them at key points. Now it's ether make it or break it.
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