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Pivot Trading

  • #19,841
  • Jun 10, 2018 10:26am Jun 10, 2018 10:26am
Quoting Davit
Without overwhelming with too many patterns just simple shape is enough for now.I basically use this a lot over and over Often corrections fall right on pivots.Look at pattern and think where the pivots are. {image}
These are also the most common and reliable patterns, tilted “M” and “W” formations. I use them all the time.
Trade with confidence, trade without fear.
  • #19,842
  • Jun 10, 2018 10:37am Jun 10, 2018 10:37am
Quoting fibo38
I modified a programmer to give the alerts, at the key levels. Now it works well. With just saying thank you, it's ok. Enjoy it. {file}
He great I was going to do fix it right after I finish the reading, 150 pages to go...
I know I had a bug there, the alerts worked only when history was enabled in the chart.

So thank you Fibo you saved me some time, downloaded now.
buying tops / selling bottoms
  • #19,843
  • Jun 10, 2018 10:38am Jun 10, 2018 10:38am
Quoting Cryptosurf
{quote} These are also the most common and reliable patterns, tilted “M” and “W” formations. I use them all the time.
Yaasss to this. And a tip for some: If the pattern is just not quite clear because of pinbars, e.g. switch your platform into line chart and take a peek at it that way.

Forgive me for jumping in. That's all I've got.

Happy pippin!
  • #19,844
  • Jun 10, 2018 12:24pm Jun 10, 2018 12:24pm
Quoting Mmarron
Davit. You re talking about G crosses. I d like strongly buy gbp nzd or gbp aud. What do you suggest? The first or second? Thx a lot for your answer.
market not open and can't say however I suspect you are a new trader....if boat fresh new you should not be here 2yrs required experience.
Stick with low ADR pairs. G crosses are hard to trade unless you have solid experience in forex.
In trading, you have to be defensive and aggressive at the same time
  • #19,845
  • Jun 10, 2018 12:52pm Jun 10, 2018 12:52pm
CAD set to open weak, on Trump's tweet (G7).
  • #19,846
  • Jun 10, 2018 12:53pm Jun 10, 2018 12:53pm
Quoting Davit
{quote} market not open and can't say however I suspect you are a new trader....if boat fresh new you should not be here 2yrs required experience. Stick with low ADR pairs. G crosses are hard to trade unless you have solid experience in forex.
hay david, isn't the higher adr the better? since spread becomes lower percentage on risk, isn't it better to just lower our size? am i missing something?
  • #19,847
  • Jun 10, 2018 12:56pm Jun 10, 2018 12:56pm
Quoting densol
{quote} hay david, isn't the higher adr the better? since spread becomes lower percentage on risk, isn't it better to just lower our size? am i missing something?
Try reading this thread ... me thinks you'll learna lot fella ...

Small ADRs are better for beginners ... we linke ranging currencies.


Edit: Me also thinks that just because you called him David you might get the _B_ ___ ___ ___ (fill the blanks)
  • #19,848
  • Jun 10, 2018 12:59pm Jun 10, 2018 12:59pm
Quoting Davit
{quote} market not open and can't say however I suspect you are a new trader....if boat fresh new you should not be here 2yrs required experience. Stick with low ADR pairs. G crosses are hard to trade unless you have solid experience in forex.
Seriously i know you have a good running thread here (look how many follow it), but what is this with that number? Two years of what? How came you to this, do you invest two years to manage trading with the tdi?
I took me nearly three years to go to the point, that i trade now from a line. Yes! I think this is possible to manage in few days. All is about discipline and the sort of money management that suits the entry method.
Perfection is the enemy of good enough!
  • #19,849
  • Jun 10, 2018 1:02pm Jun 10, 2018 1:02pm
Quoting MichaelSch
{quote} Seriously i know you have a good running thread here (look how many follow it), but what is this with that number? Two years of what? How came you to this, do you invest two years to manage trading with the tdi? I took me nearly three years to go to the point, that i trade now from a line. Yes! I think this is possible to manage in few days. All is about discipline and the sort of money management that suits the entry method.
2 years is the fast track.

Strat, one of the great traders on FF mentions 3, see here: https://www.forexfactory.com/showthread.php?t=708441

(Yes it's page 1).
  • #19,850
  • Jun 10, 2018 1:08pm Jun 10, 2018 1:08pm
Quoting pgr45za
{quote} 2 years is the fast track. Strat, one of the great traders on FF mentions 3, see here: https://www.forexfactory.com/showthread.php?t=708441 (Yes it's page 1).
No! It is possible to trade good in less than years. For some member must this point a big pain.
Perfection is the enemy of good enough!
  • #19,851
  • Jun 10, 2018 1:23pm Jun 10, 2018 1:23pm
Quoting MichaelSch
{quote} No! It is possible to trade good in less than years. For some member must this point a big pain.
There are a number of things you need to know before tackling this.
If you bothered to read the link I posted you'd agree with me.

Is it possible to do it all in less than 2 years? Possibly.
How about 2 weeks. Not on your lolly!
  • #19,852
  • Jun 10, 2018 1:31pm Jun 10, 2018 1:31pm
Quoting pgr45za
{quote} There are a number of things you need to know before tackling this. If you bothered to read the link I posted you'd agree with me. Is it possible to do it all in less than 2 years? Possibly. How about 2 weeks. Not on your lolly!
I have read a lot of posts here on ff of traders talking about it taking 5, 6 even ten years, to be consent winner, and some never make it.
and I am sure picked it up faster. it is not one size fits all.
  • #19,853
  • Jun 10, 2018 1:36pm Jun 10, 2018 1:36pm
Quoting pgr45za
{quote} There are a number of things you need to know before tackling this. If you bothered to read the link I posted you'd agree with me. Is it possible to do it all in less than 2 years? Possibly. How about 2 weeks. Not on your lolly!
I do not agree with you. Trading can be really simple, more simple as here shown, but as with every entry method you must have a money management to keep you in the market. With good discipline and focus to trade the entry model as it is. If you know a person in your family that are do things exact after a plan and you give some help understanding basic elements, that person is relative short time in position to make money. I was not in this position and go the "long" way, but this can not mirror on others. So a hint "you must trade first x years to get in this here" is only to block other, new members to post.
Perfection is the enemy of good enough!
  • #19,854
  • Edited 6:47pm Jun 10, 2018 1:41pm | Edited 6:47pm
Quoting Mmarron
Davit. You re talking about G crosses. I d like strongly buy gbp nzd or gbp aud. What do you suggest? The first or second? Thx a lot for your answer.
I suggest gn long over ga long as AN has been heavy but broader trend appears to be headed up? In which case if AN bounces then GN will appreciate more than GA. I have been following AN and am hoping to get a signal for long entry on that pair.
  • #19,855
  • Jun 10, 2018 1:41pm Jun 10, 2018 1:41pm
Quoting MichaelSch
{quote} I do not agree with you. Trading can be really simple, more simple as here shown, but as with every entry method you must have a money management to keep you in the market. With good discipline and focus to trade the entry model as it is. If you know a person in your family that are do things exact after a plan and you give some help understanding basic elements, that person is relative short time in position to make money. I was not in this position and go the "long" way, but this can not mirror on others. So a hint "you must trade first...
I think we are saying the same things using different words:

1. It is possible to learn any technique and practise it in a couple of weeks.

2. But ... mastery, true mastery requires psychological work and very few do that, After making mistakes (costly ones) they begin to appreciate MM.

I think Davit sets the bar here at 2 years to signal that you need to know enough so as not to ask basic babypips questions like a) what is a pip?, b) what is a R/S? c) what is a Gartley? d) what is PA? e) what is stacking? etc etc etc. People with less than 2 years of experience are here of course, reading and learning, just not posting introductory newbie questions. Others who presumably are at a more advanced level read this thread and that would be a time waster to see it filled with fluff.

As Davit has said multiple times, you shouldn't be in an advanced class learning how to draw a human figure if you have not yet mastered drawing an apple.
  • #19,856
  • Jun 10, 2018 1:47pm Jun 10, 2018 1:47pm
Quoting MichaelSch
{quote} Seriously i know you have a good running thread here (look how many follow it), but what is this with that number? Two years of what? How came you to this, do you invest two years to manage trading with the tdi? I took me nearly three years to go to the point, that i trade now from a line. Yes! I think this is possible to manage in few days. All is about discipline and the sort of money management that suits the entry method.
Everyone is free to trade any time they like as Mark Douglas said it does not take a skill pressing a button and finding yourself in a winning trade.To be consistent trader will take you lot more then 2yrs.Its not about technicals trading takes psychology as well.
While anyone can trade my system not everyone can make money and frankly I don't want to be part of rookies losing their accounts!!!I am upfront honest about it and its for their benefit I kick them out!

You have joined FF in 2015 opened a thread trading martingale in 2017 that's after 2yrs you were going to show everyone how to trade martingale!!
You got to be kidding coming here with your chest pounding lol
Wonder of it all
In trading, you have to be defensive and aggressive at the same time
  • #19,857
  • Jun 10, 2018 1:47pm Jun 10, 2018 1:47pm
from Mr. Pip, a great trader, with a long-running thread here on ff, ''It took me years, blood, sweat, tears and much sacrifice to figure this all out.''
  • #19,858
  • Jun 10, 2018 1:56pm Jun 10, 2018 1:56pm
Quoting dogdays713
from Mr. Pip, a great trader, with a long-running thread here on ff, ''It took me years, blood, sweat, tears and much sacrifice to figure this all out.''
Yes I have not seen consistent profitable trader with 2yrs or less ever!Anywhere!Might get lucky over leveraging getting 150% return on peanut size account but next month all wiped out and cycle continuing....
I can basically say will take you solid 5yrs to know what's going on and be consistent profitable and that if you apply with hard work as we know 95% all traders lose in this business!Only small % rise to the top and you will not find TOP trader 2yrs less experience ever anywhere!
In trading, you have to be defensive and aggressive at the same time
  • #19,859
  • Jun 10, 2018 1:58pm Jun 10, 2018 1:58pm
Quoting Davit
{quote} Everyone is free to trade any time they like as Mark Douglas said it does not take a skill pressing a button and finding yourself in a winning trade.To be consistent trader will take you lot more then 2yrs.Its not about technicals trading takes psychology as well. While anyone can trade my system not everyone can make money and frankly I don't want to be part of rookies losing their accounts!!!I am upfront honest about it and its for their benefit I kick them out! You have joined FF in 2015 opened a thread trading martingale in 2017 that's...
You are not wrong at all, but do you have a person in your family that are from nature good in do things exact as a plan tells him? Do you can think that this person wil in far shorter time trade with better result as you now? The market is not really different for both. Can a so called senior with more than your two years(if this is to measure the skill) kill his account with your method? Can it be?
Perfection is the enemy of good enough!
  • #19,860
  • Jun 10, 2018 2:01pm Jun 10, 2018 2:01pm
Quoting MichaelSch
{quote} You are not wrong at all, but do you have a person in your family that are from nature good in do things exact as a plan tells him? Do you can think that this person wil in far shorter time trade with better result as you now? The market is not really different for both. Can a so called senior with more than your two years(if this is to measure the skill) kill his account with your method? Can it be?
I think your point has been made and we've spent too much time on it already.
On with more important matters!
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