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Pivot Trading

  • #18,521
  • May 11, 2018 12:25pm May 11, 2018 12:25pm
Quoting MrAussieFX
When I try to learn something new. I read how others have done it before me, I go through the steps and put those steps in graphical form if possible. If it works once, I try to do it again and keep repeating it until I get consistent with it. I hope the below illustration helps. It is how I see the 1st post of this thread. {image} See if you can see the same thing below. All we have to do is, repeat what works and be patient. {image} kindest regards
Great post MrAussieFX, exactly how I see it/trade it. Simple, clean and on point.

Cheers,
MM
  • #18,522
  • May 11, 2018 12:27pm May 11, 2018 12:27pm
Quoting snail69
Now, when there is more people watching, would like to share tools to make pivoter's life easier. 1) Control Center - everything there for flying the ship 2) Guardian - risk management EA, set and let it do it's job, just manage all in Control Center Enjoy and good luck ! {file} {file}
Thank you!.
  • #18,523
  • May 11, 2018 12:30pm May 11, 2018 12:30pm
Hi guys
Posting from LA.My brother's situation is not good and I came down with inflamed gums due to stress and I am on antibiotics.Flying back to Boston tonight and will trade next week.

I read many BS and strange posts guys demanding that I share my Floating PL and their contribution to this thread is ZERO~!!



I have my reasons why I don't share my stats fully or post live TE and be glad that I shared here as much as I have with no charge to you a system that to intelligent person is a goldmine!I have pages and pages of PM's guys thanking me and sharing me in private how much they are making and how their trading changed fundamentally for better.Had I sold you a system then you have the right to full disclosure and since its not the case asking and demanding this is highly disrespectful.I could just stop posting flat out at FF and frankly have many professional traders advising me to do so and are surprised I shared here how I trade.
Look around guys how many successful traders are here at FF and how many share what and how they trade.Hardly anyone.
Anyway green pips
In trading, you have to be defensive and aggressive at the same time
  • #18,524
  • May 11, 2018 12:42pm May 11, 2018 12:42pm
Quoting Davit
Hi guys Posting from LA.My brother's situation is not good and I came down with inflamed gums due to stress and I am on antibiotics.Flying back to Boston tonight and will trade next week. I read many BS and strange posts guys demanding that I share my Floating PL and their contribution to this thread is ZERO~!! I have my reasons why I don't share my stats fully or post live TE and be glad that I shared here as much as I have with no charge to you a system that to intelligent person is a goldmine!I have pages and pages of PM's guys thanking me and...
And the man is back,this week was a .

Safe journey back and get well soon. We need that fat finger back on the thread
We obey the structure that results from the market's reaction
  • #18,525
  • May 11, 2018 12:47pm May 11, 2018 12:47pm
Quoting Davit
Hi guys Posting from LA.My brother's situation is not good and I came down with inflamed gums due to stress and I am on antibiotics.Flying back to Boston tonight and will trade next week. I read many BS and strange posts guys demanding that I share my Floating PL and their contribution to this thread is ZERO~!! I have my reasons why I don't share my stats fully or post live TE and be glad that I shared here as much as I have with no charge to you a system that to intelligent person is a goldmine!I have pages and pages of PM's guys thanking me and...

There is always some unhappy people either about their trading or just their life altogether. No need to be bothered just keep on going what you are doing the best. Have a good weekend and thanks for coming back!
The only thing that will make us successful is if we can control ourselves!
  • #18,526
  • May 11, 2018 12:52pm May 11, 2018 12:52pm
Quoting Davit
Hi guys Posting from LA.My brother's situation is not good and I came down with inflamed gums due to stress and I am on antibiotics.Flying back to Boston tonight and will trade next week. I read many BS and strange posts guys demanding that I share my Floating PL and their contribution to this thread is ZERO~!! I have my reasons why I don't share my stats fully or post live TE and be glad that I shared here as much as I have with no charge to you a system that to intelligent person is a goldmine!I have pages and pages of PM's guys thanking me and...
May God bless your Brother.
One Good Trade
  • #18,527
  • Edited 2:04pm May 11, 2018 12:54pm | Edited 2:04pm
Quoting MrAussieFX
When I try to learn something new. I read how others have done it before me, I go through the steps and put those steps in graphical form if possible. If it works once, I try to do it again and keep repeating it until I get consistent with it. I hope the below illustration helps. It is how I see the 1st post of this thread. {image} See if you can see the same thing below. All we have to do is, repeat what works and be patient. {image} kindest regards
To Davit and/or MrAussieFX, I am still currently in process of reading the thread and taking notes. I have posted some of my notes on the thread before but since Davit doesn't like spoon feeding I have not posted anymore since. "I have tons". This is my first official question on the thread since I am trying to learn on my own and not disrupt the thread by asking obvious questions that I can find out on my own. This how ever hasn't been 100% explained. I know that Davit doesn't use a Hard Stop he decides how much % he wants to risk on a trade and then breaks it down and enters with partial lot size according to his overall risk. I was thinking of doing it doing it this way and wanted to ask you if this would be appropriate..........I was going to measure the pip distance from r/s 61 (first key zone) to either r/s 100, or r/s 138, or r/s 161. Depending on what the previous "strong" S/R levels have been in the past that held up..........and use that Pip Distance (trying to be around 200-300 pips) to calculate my Lot Size according to my Risk%..........then that way I know that I am using correct Risk% and I have enough room for price to go against me to those levels without reaching my SL $$ amount. I thought maybe doing it this way would allow me a more accurate SL using the Key Zones as markers for when to "get out". I know that when price gets to the r/s 100 and above that price could be in a trend as long as Fundamentals Support the move. I am trying to avoid arbitrarily throwing out a $$ amount as my SL and not knowing where on the chart that SL would occur. Along the way I would "add" position at the Key Levels depending on PA. I hope this makes sense, I'm not the best at conveying my thoughts into words/text. Could you give me your opinion on my thoughts? Ty you for everything you have done while Davit is away taking care of family business. You're doing a great job. You have BIG shoes to fill my friend! lol. Kudos!



EDIT: An examle would be this........If I plan on breaking my Total Lots down in to 5 different smaller lots, I would start of by using 20% of my total lot size at R61, then if price goes against me to R78 (lets say that was 50 pips), then at R78, depending on PA I could "add" another 20% lot, then if price again went agaisnt me to R100 (another 50 pips) I again would add another 20% lot depending on PA. This would give me 3 open trades...1 of which is down 100 pips, the 2nd down 50 pips, and the 3rd was just entered so I would be down a total of 150 pips at this point. Then if price continued to go against me to R138 (another 50 pips) I could then add a 4th trade at 20% lot size.......a this point I would be down 250 pips and have 80% of my Total Lot size in play. I would have one more 20% lot size available to enter with at the R161 level (another 50 pips away from R138)......this would be a total of 500 pips against me and I would at that moment have my full 100% lot size in play.......but entering them all at key zones along the way, at the same time staying within my RISK % and my Total $$ amount that I wanted to Risk. I hope this makes sense.........it makes sense in my head....LOL. Thanks for your time. I understand that practicing on Demo first will be the best thing for me to do in order to fully understand how to "enter" my trades and how to correctly calculate my Risk% and Lot Size according to my predetermined $$ amount I want to risk.

I'm not saying I would have a 500 pip SL, I was just using nice round numbers to keep things simple. Trade #1 would have traveled a total of 200 pips (4 levels of 50 pips), Trade #2 would have traveled a total of 150 pips (3 levels against me), Trade #3 would have traveled 100 pips (2 levels against me), and Trade 4 would have traveled 50 pips against me) and Trade #5 would have been placed at Level R161.


EDIT #2.......Maybe a visual will help you better understand me.......

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 131 KB
  • #18,528
  • May 11, 2018 1:01pm May 11, 2018 1:01pm
Quoting snail69
{quote} Chararu, good measurement is TDI in extreme ( especially, colors - No. 4 item there ), then close. I watch it mostly on higher TF like 1H, 4H.
Thank you Snail. I will apply this onwards. Good weekend evryone
  • #18,529
  • May 11, 2018 1:08pm May 11, 2018 1:08pm
Quoting Davit
Hi guys Posting from LA.My brother's situation is not good and I came down with inflamed gums due to stress and I am on antibiotics.Flying back to Boston tonight and will trade next week. I read many BS and strange posts guys demanding that I share my Floating PL and their contribution to this thread is ZERO~!! I have my reasons why I don't share my stats fully or post live TE and be glad that I shared here as much as I have with no charge to you a system that to intelligent person is a goldmine!I have pages and pages of PM's guys thanking me and...

Hi Davit and Family,
Truthfully I am not a good trader, I am still learning how to trade by following the rules of this thread. I trust the Lord Jesus that one day I will be able to trade like this kind and caring person called Davit. I have been reading every post Davit post everyday. What draws me to this thread is Davits Kindness and His unselfishness. I am not writing this for brownie points but from my heart. There is no money in the world that can replace Family. I am a Minister of the Gospel so it touches my heart to read what is happening to your brother and how it is affecting you. Myself and my wife will be in prayers for you and your family during this time. Specifically for God's peace to fill your heart replacing the fears and stress. Just want you to know, you are not alone during this time. We share your burden
Troy and Diane
  • #18,530
  • May 11, 2018 1:11pm May 11, 2018 1:11pm
Quoting Seshwaan
{quote} Someone else may be better experienced to answer this but I will give you my take - There is really no rule on when to exit trades, it depends on your trade management strategy to be honest. You have to just watch price action when it gets to the next pivot and decide from there. Ideally I look for exits at the WPP but there are times that price does not reach it and thus an earlier exit is necessary but on the other hand I have closed at WPP and then price has moved beyond it. Here is an example of USDCAD this week that I closed at WPP...
Thank you Seshwaan for the thorough explanation on how you evaluate trades as they progress. I have looked at some of my trades and realised that i have left some pips, by closing from one pivot to next. I will review past trades by checking price action when approaching pivot, TDI levels especially at H1 and H4. Trailing the profit by use of an SL is a very good idea.
  • #18,531
  • May 11, 2018 1:11pm May 11, 2018 1:11pm
Quoting Davit
Hi guys Posting from LA.My brother's situation is not good and I came down with inflamed gums due to stress and I am on antibiotics.Flying back to Boston tonight and will trade next week. I read many BS and strange posts guys demanding that I share my Floating PL and their contribution to this thread is ZERO~!! I have my reasons why I don't share my stats fully or post live TE and be glad that I shared here as much as I have with no charge to you a system that to intelligent person is a goldmine!I have pages and pages of PM's guys thanking me and...
Hope your brother gets well.. and for you, heal up brother and ignore the idiots..def lots of folks here that appreciate you as I do. I knew from the first time reading your forum that this is a gift, very thankful for all that you do..
  • #18,532
  • May 11, 2018 1:28pm May 11, 2018 1:28pm
Quoting MrAussieFX
When I try to learn something new. I read how others have done it before me, I go through the steps and put those steps in graphical form if possible. If it works once, I try to do it again and keep repeating it until I get consistent with it. I hope the below illustration helps. It is how I see the 1st post of this thread. {image} See if you can see the same thing below. All we have to do is, repeat what works and be patient. {image} kindest regards
Thank you MrAussieFX. I have just printed this, it captures and summarises post 1 in an easy way to understand. These setups do occur on regularly and i should therefore be able to catch some pips. I will do my homework and review past week setups using this.
  • #18,533
  • May 11, 2018 1:43pm May 11, 2018 1:43pm
Quoting Davit
Hi guys Posting from LA.My brother's situation is not good and I came down with inflamed gums due to stress and I am on antibiotics.Flying back to Boston tonight and will trade next week. I read many BS and strange posts guys demanding that I share my Floating PL and their contribution to this thread is ZERO~!! I have my reasons why I don't share my stats fully or post live TE and be glad that I shared here as much as I have with no charge to you a system that to intelligent person is a goldmine!I have pages and pages of PM's guys thanking me and...
first and foremost I am sorry to hear about you and your brother and hope you both get better very soon. no one in their right mind could ask or should ask you for more than you have so generously given already. I as do many thank you for your kindness, and your time you spend here. I know it a sacrifice when you could be spending your time with family or doing other things. if people cant see you are helping people learn how to trade and make money.
then they are insane or jealous of your success. again thank you. best wishes.
  • #18,534
  • May 11, 2018 1:52pm May 11, 2018 1:52pm
Quoting MrAussieFX
When I try to learn something new. I read how others have done it before me, I go through the steps and put those steps in graphical form if possible. If it works once, I try to do it again and keep repeating it until I get consistent with it. I hope the below illustration helps. It is how I see the 1st post of this thread. {image} See if you can see the same thing below. All we have to do is, repeat what works and be patient. {image} kindest regards
Thank you.
Invest in Life
  • #18,535
  • May 11, 2018 2:02pm May 11, 2018 2:02pm
Welcome back Davit! Sorry to hear about your brother. And yet you found time to post here. We honestly miss you. Mr AussiFX did some answering and shared trade plans which is big thanks to him for that, but without your moderation it gets cluttered. Glad to have you back. Safe travels. I am out of country for 2 weeks. Not sure if I will be able to trade but I got my portable TS with me. Hope to catch up with you next week.
  • #18,536
  • May 11, 2018 2:11pm May 11, 2018 2:11pm
Following on my post#18,496 here

EURCAD buy trade (11-05-2018) approx. +990 points

A friend asked me the following question. I thought I will share here as it was my personal thought on how I'm going to approach this EURCAD buy trade.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Question about S100.png Size: 64 KB


My reply is shown below
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD H4 Hold Off.png Size: 230 KB


So eventually the retest of S100 happened, TDI was as per the requirements and Anglelator was good to go
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Buy 11052018.png Size: 161 KB


So 8 hrs later and a bit of babysitting the trade, the results are shown below
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Closed trade 11052018.png Size: 214 KB


So results for this week 19 of 2018
Even taking losses on few pairs, I ended up with AUD 1,317 profits

I believe few of you made some good money on this EURCAD trade.

I captured 9 mins video of EURCAD buy trade. I hope it will help you see how price reacts to news and why you must trust your trading plan.
Inserted Video


Best regards
  • #18,537
  • May 11, 2018 2:13pm May 11, 2018 2:13pm
Quoting BrianRay
Results for the week of May 6th - May 11th. The charts and fundamentals will tell you what to do. Do your homework. Be patient. Let the trade come to you. Take the loses. Move on. Happy hunting!!!! {image}
Hi Brian
You had some great trades but I think and I could be wrong since I don't know your account size but you are trading 001 lot and 50pips move nets you 5 dollars.
You took over 400 trades and your biggest trade was under 10 dollars.
My advise is show more discretion and increase lots on pairs that have A+ set ups so you are collecting better returns.If what you are doing working good for you then simply dismiss my post.I thought to share how I would approach it myself.

Lets say
A+ set ups 30C a lot
A set ups 20c a lot
B set ups 10C a lot
In trading, you have to be defensive and aggressive at the same time
  • #18,538
  • May 11, 2018 2:16pm May 11, 2018 2:16pm
Glad you are back Davit. Prayers for you and your family!
  • #18,539
  • May 11, 2018 2:17pm May 11, 2018 2:17pm
Quoting MrAussieFX
When I try to learn something new. I read how others have done it before me, I go through the steps and put those steps in graphical form if possible. If it works once, I try to do it again and keep repeating it until I get consistent with it. I hope the below illustration helps. It is how I see the 1st post of this thread. {image} See if you can see the same thing below. All we have to do is, repeat what works and be patient. {image} kindest regards
Thank you
You have been great!Showing following principles shared here with solid results.
In trading, you have to be defensive and aggressive at the same time
  • #18,540
  • May 11, 2018 2:21pm May 11, 2018 2:21pm
Quoting MrAussieFX
When I try to learn something new. I read how others have done it before me, I go through the steps and put those steps in graphical form if possible. If it works once, I try to do it again and keep repeating it until I get consistent with it. I hope the below illustration helps. It is how I see the 1st post of this thread. {image} See if you can see the same thing below. All we have to do is, repeat what works and be patient. {image} kindest regards
This is good MrAussieFX! I took a picture of this chart and put it on my desktop for reviewing again and again. Thank you!
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