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Pivot Trading

  • #20,981
  • Jun 29, 2018 10:29am Jun 29, 2018 10:29am
Quoting emiel2303
Maybe a strange question but i ask it anyway. For years i have been a scalper 1 - 15M charts. Since few weeks i am trading the marvelous "Davit's startegy" . Good results so far, but: For example i took the Ucad short for a few days. Without big movement. Yesterday i closed the position at BE. Now (as we speak) i miss >170 pips. How do i train my patience? Thanks in advance for any constructive tips.
Probably because over time you developed some bad habits. I’m not a big fan at setting SL at break even. Chances are more then likely that price will revisit your original entry. You have to give the trade some room to breath.

My advice is you go watch Trader Dante’s videos on YouTube. Stop Moaning and Start Improving pt 1 and 2.

Its a great reality check for traders who are suffering from poor habits.

Cheers
Trade with confidence, trade without fear.
  • #20,982
  • Edited 10:47am Jun 29, 2018 10:35am | Edited 10:47am
Just closed Cad/Jap Yen! Wanted to keep it open until next month to inflate my figures and believe it will hit 85.00. But 10% gain is good. Great month so far and my most successful moth ever! From huge DD and being margin called to being up nearly 35%! Patience and understanding leverage is key to success with this system! Also ADR for Cad/Yen was at 145-150%. Logical to close it or close some positions.
Attached Image
  • #20,983
  • Jun 29, 2018 10:58am Jun 29, 2018 10:58am
Nice lot of making money true success is being consistent

From margin call to 35% gain in 1 month is not ok.That's a recipe for disaster.Get your focus guys!
In trading, you have to be defensive and aggressive at the same time
  • #20,984
  • Jun 29, 2018 11:05am Jun 29, 2018 11:05am
Closed Ucad 830+
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Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #20,985
  • Jun 29, 2018 11:06am Jun 29, 2018 11:06am
Quoting Swede
Sure have some funny guys lurking on this thread....I have made 2 posts (questions really) and already VEEFX has me on ignore....Im that good...ha ha..Anyway Davit you have developed a very solid method here and I appreciate all the work that has gone into it....London traders are about to leave for the day so I have taken half profits on my Cable trade...rest can continue for a bit...just wanted to post a trade based on rejection at S78 and price action to give pretty solid evidence of a turn around.......{image}
Quoting Davit
{quote} Hi RG Click on his profile and you'll see he ignored like 50people in 1day and he has ignored just about every good trader.He is mentally challenged and would not care about him.
Davit said VEEFX ignore 50 peoples in a day (very funny) and its 100% true he dont have work to do just ignoring that peoples who make profits with Davit systems, I am always Very thankful to Davit
  • #20,986
  • Jun 29, 2018 11:11am Jun 29, 2018 11:11am
Quoting emiel2303
Maybe a strange question but i ask it anyway. For years i have been a scalper 1 - 15M charts. Since few weeks i am trading the marvelous "Davit's startegy" . Good results so far, but: For example i took the Ucad short for a few days. Without big movement. Yesterday i closed the position at BE. Now (as we speak) i miss >170 pips. How do i train my patience? Thanks in advance for any constructive tips.
My advise is resist doing what you have done for years before and didn't work. Swing trading requires totally different mindset in fact I have ban people scalping my system because its not designed for that.
In Swing trading everything is opposite to scalping wider SL multiple entries (at least on this thread) Patience to allow trades to develop. CNtrader at times holds for weeks sometimes over a month and his harvest will blow any scalper away.He plays golf and enjoys time with family.
When the urge comes to doing what you have done in the past just walk away go to gym,walk your pet, get out of the house and don't check prices every second.Trust the system and it will reward you!
In trading, you have to be defensive and aggressive at the same time
  • #20,987
  • Jun 29, 2018 11:15am Jun 29, 2018 11:15am
Quoting Cryptosurf
{quote} Probably because over time you developed some bad habits. I’m not a big fan at setting SL at break even. Chances are more then likely that price will revisit your original entry. You have to give the trade some room to breath. My advice is you go watch Trader Dante’s videos on YouTube. Stop Moaning and Start Improving pt 1 and 2. Its a great reality check for traders who are suffering from poor habits. Cheers
THX a lot Cryptosurf.
  • #20,988
  • Edited 11:39am Jun 29, 2018 11:16am | Edited 11:39am
To be honest I am not sure why NZD is so weak.None of the majors other then Feds raised rates Bank of Australia did not either and was very dovish and yet AUD is asphalting the NZD
There is no logic other then MM decided to squuze NZD could be totally different next week
what I have been saying all along trade small allow room for error.

I took a loss on NJ not a huge loss will never let get out of control but I did closed all positions and total was red.Its fine I am ok with it and my account just has small dip for the month.I am not bothered by it at all Its a cost of doing business YOU CAN"T BE RIGHT ALL THE TIME in fact its not about being right its about the Edge over large sample size trades.Edge will show its way.
Nobody knows the future what has happened is no guarantee it will happen again same way there is randomness in the market.
That's one aspect seldom talked about.You and I don't know when that big MM presses buy or sell.You don't know if AN drops 1 hr from now or next Tues.You guys follow me right? Because we don't know the outcome of any trades we trade our edge over large sample size and become winners and that's what casino does they don't know every game outcome but they know out of 10k bets they have 3% Edge and that's enough to generate millions
think about that
In trading, you have to be defensive and aggressive at the same time
  • #20,989
  • Jun 29, 2018 11:23am Jun 29, 2018 11:23am
Quoting Davit
To be honest I am not sure why NZD is so weak.None of the majors other then Feds raised rates Bank of Australia did not either and AUD is asphalting the NZD There is no logic other then MM decided to squuze NZD could be totally different next week
i am also waiting of NZD strong and AUD beat all like USD and other pairs, anyway I hope sir this will go up in next week as your opinion.
  • #20,990
  • Jun 29, 2018 11:27am Jun 29, 2018 11:27am
Quoting Davit
{quote} My advise is resist doing what you have done for years before and didn't work. Swing trading requires totally different mindset in fact I have ban people scalping my system because its not designed for that. In Swing trading everything is opposite to scalping wider SL multiple entries (at least on this thread) Patience to allow trades to develop. CNtrader at times holds for weeks sometimes over a month and his harvest will blow any scalper away.He plays golf and enjoys time with family. When the urge comes to doing what you have done in...
This is actually a very good advice Davit, I felt identified with the "check prices every second" I have patiente to let the trade develop, but hell, I need to find out a way to just stop checking the app every 15m... But this is psicological thing in which I'm working on

Kind Regards, the weekend is almost here!
Building a Freedom All Time Return: 5,178.8%
  • #20,991
  • Jun 29, 2018 11:34am Jun 29, 2018 11:34am
AN too good to pass up loaded up on it
Where it is and no real correction this is begging to be corrected
In trading, you have to be defensive and aggressive at the same time
  • #20,992
  • Jun 29, 2018 11:48am Jun 29, 2018 11:48am
Quoting Davit
AN too good to pass up loaded up on it Where it is and no real correction this is begging to be corrected
For trades such as these, where it is the end of the week and price has pushed way past S/R 100, What is the general move since pivot levels change each week. I imagine it`s on a case by case basis where logic and common sense is required.
  • #20,993
  • Jun 29, 2018 11:49am Jun 29, 2018 11:49am
Just to understand probability for fun read House Edge on Roulette
https://bestroulette.net/house-edge/

Keep in mind our EDGE is lot higher since you have control over SL and position size.

I am trying to make you guys understand what Edge is and what probability is.My mind seriously no longer thinks in losing winning individual trades.I basically REWIRED MY BRAIN ITS ALL PURE PROBABILITIES what Mark Douglas said.
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In trading, you have to be defensive and aggressive at the same time
  • #20,994
  • Jun 29, 2018 11:54am Jun 29, 2018 11:54am
Bearish engulfing candle on Nasdaq (H4). Just saying.
  • #20,995
  • Jun 29, 2018 12:04pm Jun 29, 2018 12:04pm
Quoting SirYodaa
{quote} For trades such as these, where it is the end of the week and price has pushed way past S/R 100, What is the general move since pivot levels change each week. I imagine it`s on a case by case basis where logic and common sense is required.
you should look where price is.Now think what's the probability this going lot higher. I'll say like 20% going lower 80%
basically this situation is more classical S/R trading and I am willing to risk to find out.
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In trading, you have to be defensive and aggressive at the same time
  • #20,996
  • Jun 29, 2018 12:05pm Jun 29, 2018 12:05pm
4.95% up this month. Not too bad. But when I grow up, I want to be better than Davit
  • #20,997
  • Jun 29, 2018 12:11pm Jun 29, 2018 12:11pm
i have a question about today the last day of the week

i think its no good put orders 5 hours after NY
and the next week we have another pivot

its better wait at monday?
  • #20,998
  • Jun 29, 2018 12:20pm Jun 29, 2018 12:20pm
Quoting Juan007
i have a question about today the last day of the week i think its no good put orders 5 hours after NY and the next week we have another pivot its better wait at monday?
every situation is different.You do what's best for you
AN could open Monday lot lower...
I guess I wasting time here talking about EDGE probability etc.
In trading, you have to be defensive and aggressive at the same time
  • #20,999
  • Jun 29, 2018 12:20pm Jun 29, 2018 12:20pm
Quoting Juan007
i have a question about today the last day of the week i think its no good put orders 5 hours after NY and the next week we have another pivot its better wait at monday?
Dear Seņor Bond (007),

Traders are leaving their desks.
Next week is a lighter week - July 4th in the US --- so it's barbeque time.
You do the math

This message will NOT self destruct.

P
  • #21,000
  • Jun 29, 2018 12:23pm Jun 29, 2018 12:23pm
Maybe it's just me, and it's just a coincidence, but the minute VEEFX started ignoring me, my results just improved from the get go.
Maybe he got rid of my ignorance; by ignoring me, he must of vaccinated me against his ignorance.

Powerful stuff ... or dare I say TREMENDOUS?
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