Pivot Trading

UJ about to fall like a stone.
Waiting for confirming PA.

AN L hitting it now with strength.

Hey david, why don't we have a telegram group?? so that we can communicate and chat on phone. Much faster to share each others idea etc....

This thread is not only about forex. For example, look at the orange juice

Just my personal view, but I prefer this format, it provides us with the opportunity to think about it before we respond, Davit is doing a great job with house keeping re what gets posted here by a few short stayers, may it continue to be a positive profitable evirament.

Nice, what broker is that?

I agree, chat groups sometimes lends itself to idle chatter and unwanted noise.

Pepperstone

UJ S as I said earlier.

AN L and AU L all seem good to go now.

BOJ in less than 5 hours.

Commodities ??, being a Kiwi, I expect milk powder to be there also.

I agree, I have the convenience that I can wait until news out of Sydney and Tokyo have pasted

Hi Guys
About drawdowns
This subject is often misunderstood and twisted into gross forum debates and traders who have history of blown accounts.Very few understand nature of DD
DD is essential part of any successful trading system if anyone tells you otherwise they are lying and deceiving you.There is no such thing as zero DD system that is successful long term.This comes down to stop losses.Are you going to take a loss every time price goes against you 20-30pips?If yes you will deplete your account before you know it. Trades need room to develop!! If executed properly based on the Edge of the system then allow the edge to develop.Running 5% 10% even 15% is acceptable if you are growing your account same time.
This is true of most successful systems.
If you are running 10% DD but gaining your account same time by end of the year you will be still in great profit.This is the truth in trading

The dream of novice market speculators is that they will continually bask in the warmth of profitable times. This myth is falsely promised by the promoters of trading systems and trading training programs. In fact, just the opposite is true. Most long-term profitable traders spend the vast majority of their trading careers either in Trading Drawdowns or recovering from a drawdown. Any slick promoter who tells you different is not dealing from a full deck.
Most successful long-term traders are underwater the majority of time. Welcome to trading!

I have and had DD most of the times.In fact it does not bother me at all because I trust my EDGE to generate more then my DD in consistent bases.

That's it

Here is an example of healthy DD
Trades were executed based on system rules however random market aspect can't be predicted hence PA went further south.
Do I worry? NO !Does this batch of traders have potential to be profitable YES I'll say 80% chance to be profitable.There you go healthy DD situation.Should I close as loss now? NO because trades need time.Its in the Zone and great potential to shoot up.
Example of DD that I am perfectly fine to hold.

Thank You Davit.

This is very much true and repeated by the legendary trader Peter Brandt.

AN not sure what it wants to do!

It wants to go north.

hi
hope I be very welcome and not be blocked will be a gentleman and follow the boss protocol anywhere hope you all made a lot of pips yesterday

Yes, individually with the US they ( A & N ) often move together, not so right now so we have opportunity with all three pairs, just got to sit on our hands until we get more confirmation that this south bound journey is over

I fully agree with Davit, dear I say it, one just has to have the balls to live with it, and cope with how our wive's ( partners ) react when they choose to look over our shoulders when we are busy at the screen.