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Pivot Trading

  • #18,901
  • May 22, 2018 12:51pm May 22, 2018 12:51pm
Quoting jarfx05
for the skeptics.... {image}
Holy Moly!
  • #18,902
  • May 22, 2018 1:12pm May 22, 2018 1:12pm
congratulations on your success davit. you are such an inspiration for many of us .
  • #18,903
  • May 22, 2018 1:59pm May 22, 2018 1:59pm
Quoting jarfx05
if you catch your swing, take everything that gives you thanks for Davit for inspiration {image}
hi

hehe, men, you are very greedy to live some pips for the others lol
  • #18,904
  • May 22, 2018 3:18pm May 22, 2018 3:18pm
Quoting ellenbrook
{quote} hi hehe, men, you are very greedy to live some pips for the others lol

I'm not greedy. I need 10 pips a day to live comfortably. Most of the profits give help to sick people and dogs. See joy in the eyes of another human being. Priceless.

regards
if you're doing we all have results with all
  • #18,905
  • May 22, 2018 6:16pm May 22, 2018 6:16pm
Quoting jarfx05
{quote} I'm not greedy. I need 10 pips a day to live comfortably. Most of the profits give help to sick people and dogs. See joy in the eyes of another human being. Priceless. regards
Dear jarfx05, well done and I thank you for your kindness. Glad to see there are others

Now, if every profitable trader even contributed 1% of monthly profits to good causes...One act of random kindness goes a long way

Dear Davit, thank you and all of the contributors for this thread. Going to learn your approach to trading with pivots if you don't mind.

Kind Regards,
Tzamo
"Work hard, put in the effort, and follow your dreams..." -Me
  • #18,906
  • May 22, 2018 6:40pm May 22, 2018 6:40pm
Quoting Davit
Major milestone on my trading account hit 70k Jan at 40k 30k gain over 10% gain a month exceeding my expectations. This is after taking 6k for monthly mortgage payments after 2days of trading this week. I really don't care if you are skeptical I am not here to prove idiots anything.Most if not all trades are posted here! {image} {image}
Awesome and inspiring!
  • #18,907
  • Edited 9:06pm May 22, 2018 6:45pm | Edited 9:06pm
EURAUD - construction work done news helped...and now just sit and wait.

Waiting finished: +>500
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  • #18,908
  • May 22, 2018 7:10pm May 22, 2018 7:10pm
aud/jpy drop nicely
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  • #18,909
  • May 22, 2018 7:37pm May 22, 2018 7:37pm
thank you Davit for sharing your great work !!!
GA
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don´t follow me,you will loose your moneyy
  • #18,910
  • May 22, 2018 8:05pm May 22, 2018 8:05pm
Quoting Davit
Major milestone on my trading account hit 70k Jan at 40k 30k gain over 10% gain a month exceeding my expectations. {image} {image}
MAZEL TOV
Plan your trade and Trade your plan.
  • #18,911
  • May 22, 2018 8:39pm May 22, 2018 8:39pm
Quoting jarfx05
{quote} I'm not greedy. I need 10 pips a day to live comfortably. Most of the profits give help to sick people and dogs. See joy in the eyes of another human being. Priceless. regards
haha, sir, you misunderstood me I knew it you will react that way please read again my comment have a nice day god bless.
  • #18,912
  • May 22, 2018 9:01pm May 22, 2018 9:01pm
Hi Guys thank you for all your support and lets continue making

Interesting person I removed from this thread started a thread asking help because he lost 4k in 1 week back before posting here then out of curiosity I read some of his posts...and ?
Some people should not repeat should not trade at all!
A person who does not even understand leverage should not trade at all! It actually pisses me off that these guys lie themselves on my thread then I spend energy analyzing their posts and concluding they should not be here wasting my time.I strongly detest lairs.

Note to everyone you will be removed for not having experience and that means more then clicking buy or sell!Respect this thread or you will be removed!
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In trading, you have to be defensive and aggressive at the same time
  • #18,913
  • Edited 9:24pm May 22, 2018 9:12pm | Edited 9:24pm
big day tomorrow
If Feds position themselves more dovish outlook expect USD sell off in more aggressive manner.
EU and GU in particular severely discounted
In trading, you have to be defensive and aggressive at the same time
  • #18,914
  • May 22, 2018 9:37pm May 22, 2018 9:37pm
Quoting Davit
big day tomorrow If Feds position themselves more dovish outlook expect USD sell off in more aggressive manner. EU and GU in particular severely discounted
Well said from fundamental perspective. Now, look at GU and EU on 1H and you can see rockets at Cape Canaveral prepared for launch. Especially GU.
  • #18,915
  • May 22, 2018 9:45pm May 22, 2018 9:45pm
Hi Davit,

I was wondering if you had time to give me some advice on one of my post from about 2 weeks ago. I asked you a question in post# 18,595 about my post #18,527. You replied to me in post #18,596 and you replied, "I'll get back to you later just not in the right frame of mine drinking now and little pissed off"

If/when you have time, if you don't mind can you possibly give me your advice whether or not this is a viable way of setting my pending orders?

I'm sure that there are probably many different ways to do this as long as we are breaking our lots down upon entry. Txs for your time Davit! Best thread on FF.

EDIT: I have tons of notes that i've taken from the 9680 posts that i've read so far (that is where i left off). I'm just trying to get a grasp on if I'm on the right track as far as keeping the Levels in mind when entering trades. I know you don't use a SL you use a $$ amount. If you feel that this is an individual preference than I understand and I will work it out on my own. Thanks in advance!
  • #18,916
  • May 22, 2018 9:52pm May 22, 2018 9:52pm
NJ
Made no secret I was planning to buy and perfect set up for me.
Positions were added incrementally on UP and not down.This means I was patiently waiting sign of bulls to show up
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In trading, you have to be defensive and aggressive at the same time
  • #18,917
  • Edited 10:26pm May 22, 2018 10:05pm | Edited 10:26pm
Quoting bojack34
Hi Davit, I was wondering if you had time to give me some advice on one of my post from about 2 weeks ago. I asked you a question in post# 18,595 about my post #18,527. You replied to me in post #18,596 and you replied, "I'll get back to you later just not in the right frame of mine drinking now and little pissed off" If/when you have time, if you don't mind can you possibly give me your advice whether or not this is a viable way of setting my pending orders? I'm sure that there are probably many different ways to do this as long as we are breaking...
Hi Bojack

From my own experience in the past I tried to cap my trades to max 5dollar a pip on 5k account that is all positions combined max 5dollars.
At 10k I increased it to 8dollars max and stayed long time at this.Question is hard to answer because each persons tolerance for risk is different based on experience.I tend to be conservative trader which explains why I don't like hyper pairs like GJ Still now I trade mini lots...still hit over 10% a month...
You have to experiment what you are comfortable risking.There is no hard answers books recommend 1-2% risk...I risk more then that and don't feel pressured.Only you know the answer.Be honest to yourself.If lacking experience and you don't have self discipline then don't risk too much until you overcome these typical trading behaviors.Worst thing you can do is copy someone else trading risk tolerance and blow your account because you don't have that persons experience.Everyone is different. I can tell right away Snail is on different level and to copy him may be a mistake.Run at your own pace.
Good luck
In trading, you have to be defensive and aggressive at the same time
  • #18,918
  • May 22, 2018 10:09pm May 22, 2018 10:09pm
Quoting Davit
{quote} Hi Bojack From my own experience in the past I tried to cap my trades to max 5dollar a pip on 5k account that is all positions combined max 5dollars. At 10k I increased it to 8dollars max and stayed long time at this.Question is hard to answer because each persons tolerance for risk is different based on experience.I tend to be conservative trader which explains why I don't like hyper pairs like GJ Still now I trade mini lots...still hit over 10% a month... You have to experiment what you are comfortable risking.There is no hard answers...
Ok, thanks Davit. I was going to only risk 2% and break it down how I pictured in my post. I will forward test this method and see if it works and if not I will pivot to other possibilities. Thanks for your reply!
  • #18,919
  • May 22, 2018 10:12pm May 22, 2018 10:12pm
AUDCAD short:

According to rules H4 R61.

Any comments are very welcome.

Best regards, renko
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  • #18,920
  • May 22, 2018 10:15pm May 22, 2018 10:15pm
Quoting bojack34
{quote} Ok, thanks Davit. I was going to only risk 2% and break it down how I pictured in my post. I will forward test this method and see if it works and if not I will pivot to other possibilities. Thanks for your reply!
don't over think it.Forward testing is over exaggerated. With same set ups I can make money and you can lose money difference is subjective. We trade ourselves.Work on yourself.Market is neutral.
When Mark Douglas says every moment is unique in the market is true.There are patterns that repeat however there are also factors that are unique every day like news etc. There is great deal of randomness however there is also order within chaos like pivots...
Don't want to get too deep but testing historical data for future projections for most part are flawed...
In trading, you have to be defensive and aggressive at the same time
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