We hit a roadblock at 10 am EST... out.
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- #19,322
- Edited 9:31am Jun 1, 2018 9:15am | Edited 9:31am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Davit, it's kind of fun feeling to be on 1:22 leverage and on open positions up 8.3% .... new to me.... but definitely pleasing.
From trading in the Zone
For those who have learned how to be consistent, or have broken through what I call the
“threshold of consistency,” the money is not only within their grasp; they can virtually take it
at will. I’m sure that some will find this statement shocking or difficult to believe, but it is
true.
– Mark Douglas
If someone or something is against you and causes you pain, how are you likely to respond?
You’ll feel compelled to fight, but what exactly are you fighting? The market is certainly not
fighting you. Yes, the market wants your money, but it also provides you with the
opportunity to take as much as you can.
– Mark Douglas
My system is designed to overcome typical errors traders make.Tight stops and large lots.Both deadly.This is often not addressed most systems here on FF
Too much focus on technical part but missing out core concepts like low gearing and wider stops.
People who get what I am doing make shitload of money and ironically with small lots and wider stops.
I have 72k account still trade mini lots and still hit 10%+ a month.
Example if you had 3 standard lot position. -10pips red will set you back -300 now you are worried at -20pips you are -600 and now you panic get out and price bounces right up without you and you just became victim of typical randomness that occurs on lower TF
Had you had smaller lots you would of had your coffee and grocery shopping and came back with 75pips in profit and missed all little spikes.
This is the difference!
In trading, you have to be defensive and aggressive at the same time
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- #19,325
- Jun 1, 2018 9:33am Jun 1, 2018 9:33am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #19,327
- Jun 1, 2018 9:43am Jun 1, 2018 9:43am
- Joined Jun 2010 | Status: Trader | 1,509 Posts
People who get what I am doing make shitload of money and ironically with small lots and wider stops.... Yes and yes.... this week +59%; leverage not over 1:50 most of the time around 1:30/35 Very nice weekend to all !!! PS: USDCAD opened only now and let it fly... {image}
- #19,329
- Jun 1, 2018 10:02am Jun 1, 2018 10:02am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #19,331
- Jun 1, 2018 10:24am Jun 1, 2018 10:24am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #19,332
- Jun 1, 2018 10:40am Jun 1, 2018 10:40am
{quote} Its obvious swing hit 78S (I am off -12pips on my pivots)bounced right back up I missed taking TP manually and once realized my mistake I quickly moved SL to protect further profit loss.This being friday no point to keep running.Running a thread sometimes works against me missing out the spikes.... You should know by now pivot zone and reversal areas.No point hoping it goes lower when low got hit
Thank you for the positive feedback
today setup my trading history thank all pivoter happy weekend
- #19,338
- Jun 1, 2018 11:09am Jun 1, 2018 11:09am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #19,339
- Edited 11:34am Jun 1, 2018 11:13am | Edited 11:34am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
