Pivot Trading

Quoting J1mm

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{quote} Thank you for your time... I have a last question, when you decide you will close your trades in a loss? When price breaches a certain pivot level or when you see PA is changing structure not in your direction? Probably also applicable for when you exit your trades in profit I ask this, because sometimes I have closed some trades in a loss after a huge breach o 100 level just to find out price retracing back, probably something that I have also to work in on the emotional way as when you see this kind of behaviour...

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Quoting lordgbengs

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{quote} Hi J1mm Please see highlighted excerpt of page 1 again; ''As price travels progressively away from weekly pivot it becomes more likely to go into correction. 61 S/R key zone 78R/S is Scott Carney's last chance for reversal (spikes stops taken before reversal) 100R/S another major zone. Should price smash 100 S/R then you are in strong trend supported by fundamentals.'' If you are in a trade and price smashes 100R/S, what you should do is see if the smashing is supported by fundamentals before closing your trades blindly, some times, MM fades...

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Quoting lordgbengs

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{quote} The edge is in the system

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Quoting ia1979

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Hi All, I understand Davit's instructions about not placing your entire trade/risk at one price, and I can see that he starts off on one price and will stack. The concept makes sense as that way the damages can be limited if price goes against you. I guess my question is that how far away does the price have to move in the wrong direction for it to be considered we are in a losing trade? Or is it pretty much subjective (some people might start getting uncomfortable if it moves 50 pips away and others might still be OK if it moves 100 pips away)?...

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Quoting bubincka

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Hi fellow traders, I reviewed the code of the trade manager published on post # 20726 so here's a better version. In this new version it is no longer necessary to set the TP when dragging the EA on a chart. The EA can be either dragged onto the chart or added to Davit's template without any prefixed TPs. The single TP or the one in pips for each trade can be left blank or set/changed using the F7 key. Best regards, Bubincka {file}

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Quoting J1mm

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There we go with EA Less trades because my account is not very huge, so I cannot add too much to the position if I want to hold some DD Was not awake this morning so I failed to catch the test on the R78 {image}

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Quoting birdland

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{quote} please read first page post#1 if you dont want to be removed

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Quoting bubincka

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Hi fellow traders, I reviewed the code of the trade manager published on post # 20726 so here's a better version. In this new version it is no longer necessary to set the TP when dragging the EA on a chart. The EA can be either dragged onto the chart or added to Davit's template without any prefixed TPs. The single TP or the one in pips for each trade can be left blank or set/changed using the F7 key. Best regards, Bubincka {file}

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