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Pivot Trading

  • #21,441
  • Jul 7, 2018 5:48am Jul 7, 2018 5:48am
Quoting Husky77
{quote} ohh you talk about new ESMA lev rules.ok then ,things are far more simple.most of the retailers will just go for AU brokers.easy.including me of course.i dont trade big amounts and 1/30 is way too much,just some idiot rules from EU idiots.but i hope will switch it back when they will see all retailers will move their money to AU. and be sure even some big guys will not accept that idiot leverage.to trade 1/30 doesnt mean youre a man and if not youre a boy. for me 1/30 is just the most stupid rule they can make. {quote} i was talking 100%...
You , not Davit and you not moderator . This question not for you mate . Davit is a genial trader I also want to become such .
  • #21,442
  • Jul 7, 2018 5:54am Jul 7, 2018 5:54am
Quoting zzz18
{quote} You , not Davit and you not moderator . This question not for you mate . Davit is a genial trader I also want to become such .
dude here in this thread is a community of traders,when you ask something many others may answer you.dont play smart ass with me cos is not the case.i just tried to help you somehow not to be against you.
good luck with what you want to be ,i hope you will not be removed till then for such questions:''i have 200 bucks,how much took you to make 80k? ''
thinking like this i will tell you it can take you probably 1000 years.
good luck
Take what you can, give nothing back
  • #21,443
  • Edited 6:32am Jul 7, 2018 5:56am | Edited 6:32am
Quoting Husky77
{quote} dude here in this thread is a community of traders,when you ask something many others may answer you.dont play smart ass with me cos is not the case.i just tried to help you somehow not to be against you. good luck with what you want to be ,i hope you will not be removed till then for such questions:''i have 200 bucks,how much took you to make 80k? '' thinking like this i will tell you it can take you probably 1000 years. good luck
Why is it called Forex?

Because it takes 4-ever if you have the wrong mindset and you end up going round in circles following your own tail.

Learn from MrAussieFX and PandionFx.
  • #21,444
  • Jul 7, 2018 6:10am Jul 7, 2018 6:10am
Quoting pgr45za
{quote} Why is it called Forex? Because it takes 4-ever if you have the wrong mindset and you end up going rounf in circles following your own tail. Learn from MrAussieFX and PandionFx.
i dont have targets in money or in amounts of money/week/year when i jump in the market.i make my tragets in accord with the moves and zones to spot and catch in one trade.and lot size can be also different in accord with what i think as a posibility for one pair or another.so amounts of $ that can come from this are different and not as targets.i'm thinking more like let's catch this move and get out near or before to the end.when the plan dont work then my edge MM come in place.
thats why i say is hard to measure or say ''this month i will make 1000$''. traders who trade exact same method will never make exact same result in $ at the end of the month,and this because each trader have his own way to trigger and exit.talking about manual here.
mr zzz18 thinking on questions like this will just keep him on same kind of questions next year at same time like today.and he will never get an answer on how much he must wait... but now he is upset on me because i try to be a good mate and tell him the reality.
Take what you can, give nothing back
  • #21,445
  • Jul 7, 2018 6:25am Jul 7, 2018 6:25am
Quoting OAPDave
{quote} NO !!!, It will be a lot harder in my opinion to trade and grow accounts with the new 30:1 & 20:1 than the more forgiving 400:1 which most guys have been used too, so the end of the month might be more than a little interesting , also would not like to be caught in any any deep draw down, so i think it will be easy to spot the haters and trolls from the honest traders when they post To sum of us the cash machine as new rules to deal with
Im not sure what leverage Davit uses, but he's with Oanda and in the states it's capped at 50:1

If "most guys" are using 400:1 then they are most likely blowing accounts. Most long term successful traders use much less then that.

You can still grow your account at lower leverage. Trading is a marathon, not a sprint.

If people's main concern is how fast they can grow their account, then their lack of patience will keep them from doing so.
Trade with confidence, trade without fear.
  • #21,446
  • Jul 7, 2018 6:33am Jul 7, 2018 6:33am
Quoting OAPDave
Please can anyone tell me what account size you would need to trade 1 full lot of say E.A with the new 20:1 rule ? EYE Watering !!!!
20 million USD
  • #21,447
  • Jul 7, 2018 6:36am Jul 7, 2018 6:36am
Quoting OAPDave
Please can anyone tell me what account size you would need to trade 1 full lot of say E.A with the new 20:1 rule ? EYE Watering !!!!
for immediate margin call
5000

100.000/20 = 5000
  • #21,448
  • Jul 7, 2018 6:36am Jul 7, 2018 6:36am
Quoting Cryptosurf
{quote} Im not sure what leverage Davit uses, but he's with Oanda and in the states it's capped at 50:1 If "most guys" are using 400:1 then they are most likely blowing accounts. Most long term successful traders use much less then that. You can still grow your account at lower leverage. Trading is a marathon, not a sprint. If people's main concern is how fast they can grow their account, then their lack of patience will keep them from doing so.
a lower leverage of course is more safe like 1/200 for example,but we must be realist and think that most of retailers use 1/500 even 1/1000 crazy ,cos most of retailers have low margin available.so when 1/30 will come in place and they will see required margin for one little skinny 0.01... will run
Take what you can, give nothing back
  • #21,449
  • Jul 7, 2018 6:36am Jul 7, 2018 6:36am
Gidday Crypto . im not sure but 100:1 cost approx $1kAUD so 20:1 would be $5k AUD as I said not sure SP
  • #21,450
  • Jul 7, 2018 6:39am Jul 7, 2018 6:39am
Quoting chess king
{quote} for immediate margin call 5000 100.000/20 = 5000
and for not ... immediate but later some of 8k
size/leverage x exchange rate
Take what you can, give nothing back
  • #21,451
  • Jul 7, 2018 6:53am Jul 7, 2018 6:53am
Quoting OAPDave
{quote} Thank you, nice sensible honest traders reply, but still waiting for a figure ?
You and zzz18 can find these answers elsewhere with a little effort. Asking Davit questions such as this is akin to wanting your hand held.

Davit's not going to hold your hand.
Trade with confidence, trade without fear.
  • #21,452
  • Jul 7, 2018 6:54am Jul 7, 2018 6:54am
If your using 1:400 leverage or anything near it, your in over your head. 1:30 should be entirely sufficient if you are trading with proper risk management.

Risk should be based around your capital, basing it on anything else is destined for failure and is wreckless.
  • #21,453
  • Jul 7, 2018 7:08am Jul 7, 2018 7:08am
Quoting langtoni
If your using 1:400 leverage or anything near it, your in over your head. 1:30 should be entirely sufficient if you are trading with proper risk management. Risk should be based around your capital, basing it on anything else is destined for failure and is wreckless.
are you sure? we have here guys as you saw who start with 200 bucks and want to know how much to wait till 80k.
no MM will save you with that amount on 1/30.only luck. margin for 0.01 will be around 40-70$ depending on pair so will not be that simple to deal with.
Take what you can, give nothing back
  • #21,454
  • Jul 7, 2018 7:20am Jul 7, 2018 7:20am
Quoting Husky77
{quote} are you sure? we have here guys as you saw who start with 200 bucks and want to know how much to wait till 80k. no MM will save you with that amount on 1/30.only luck. margin for 0.01 will be around 40-70$ depending on pair so will not be that simple to deal with.
Apologies Husky77 but anyone maintaining that using leverage anywhere near 400 is positive, responsible and sustainable is seriously mistaken and needs to stop trading immediately. The strategy that Davit lays out is highly consistent and profitable if executed correctly. You may have incredible gains max'ing your leverage for a while but one bad trade with sizeable drawdown compounded by excessive leverage will blow your account. The only people that should be sad about the leverage restrictions are brokers because they love clients trading beyond their means, 99.99% blow their accounts. Please note, leverage can be a useful tool if used responsibly.
Alas, people will do what they will in the end but trading 101 says trade within your means.
  • #21,455
  • Jul 7, 2018 7:36am Jul 7, 2018 7:36am
Quoting Husky77
{quote} dude here in this thread is a community of traders,when you ask something many others may answer you.dont play smart ass with me cos is not the case.i just tried to help you somehow not to be against you.
good luck with what you want to be ,i hope you will not be removed till then for such questions:''i have 200 bucks,how much took you to make 80k? ''
thinking like this i will tell you it can take you probably 1000 years.
good luck
Just relax , I do not need your help
''i have 200 bucks,how much took you to make 80k? '' its a joke , do not need to take everything seriously
  • #21,456
  • Jul 7, 2018 7:40am Jul 7, 2018 7:40am
Quoting Husky77
{quote} if you are EU resident you can say bye bye to any broker who is under the EU regulation.no matter if they also are regulated in Seychelles.
These rules are not permanent, they can be reviewed after some time ( I mean limited leverage )
  • #21,457
  • Jul 7, 2018 7:41am Jul 7, 2018 7:41am
Quoting langtoni
{quote} Apologies Husky77 but anyone maintaining that using leverage anywhere near 400 is positive, responsible and sustainable is seriously mistaken and needs to stop trading immediately. The strategy that Davit lays out is highly consistent and profitable if executed correctly. You may have incredible gains max'ing your leverage for a while but one bad trade with sizeable drawdown compounded by excessive leverage will blow your account. The only people that should be sad about the leverage restrictions are brokers because they love clients trading...
no need to apologise mate . my point was in fact about wake up some guys around who dont know yet to calculate the margin needs with one specific lev but want to trade 1 full lot and ones who dream at Davit balance with 200 bucks start.a serious trader know always bigger lev then the bigger the risk.cos all is about risk when we play in our MM.newbies who start with 100 bucks will be just deleted from the map as clients with this new 1/30 lev rules.and yes i agree only serious traders will stay.
i will go and trade on AU brokers i have 1/200 and 1/400 because i dont have completed my confidence in my skills to be able to risk 10.000$ from start.i play with lower account sizes in few brokers trying to build up ,withdraw ,build up again and so on.when the time will come... i will be there.

Quoting zzz18
{quote} Just relax , I do not need your help ''i have 200 bucks,how much took you to make 80k? '' its a joke , do not need to take everything seriously
then why ask questions as jokes to Davit? is a serious play here as you probably saw.i will say bye bye to you now as i feel you will be gone soon.
good luck
Take what you can, give nothing back
  • #21,458
  • Jul 7, 2018 7:55am Jul 7, 2018 7:55am
Quoting Husky77
{quote} no need to apologise mate . my point was in fact about wake up some guys around who dont know yet to calculate the margin needs with one specific lev and ones who dream at Davit balance with 200 bucks start.a serious trader know always bigger lev then the bigger the risk.cos all is about risk when we play in our MM.newbies who start with 100 bucks will be just deleted from the map as clients with this new 1/30 lev rules.and yes i agree only serious traders will stay. i will go and trade on AU brokers i have...
OK maybe I misunderstood your post. But you state something very important..... 'I don't have completed confidence to able to risk 10k'.

I believe there is a school of thought out there whereby traders invest eg €200 and go nuts on leverage hoping to strike it lucky and build the account into the thousands in little or not time and with the view that then they will settle down and reduce risk.... The proper way to be psychologically ready to trade 10k from 100 is to trade your way there responsibly and adding funds slowly as you do, so that you get used to the amounts involved.
  • #21,459
  • Jul 7, 2018 8:03am Jul 7, 2018 8:03am
Quoting Husky77
{quote} no need to apologise mate . my point was in fact about wake up some guys around who dont know yet to calculate the margin needs with one specific lev but want to trade 1 full lot and ones who dream at Davit balance with 200 bucks start.a serious trader know always bigger lev then the bigger the risk.cos all is about risk when we play in our MM.newbies who start with 100 bucks will be just deleted from the map as clients with this new 1/30 lev rules.and yes i agree only serious traders will stay. i will go and...
Question "Hello Davit , how long did you go to the balance 80 000 ? " really important for me , I am sure this very interesting for other traders .
bye bye also
  • #21,460
  • Jul 7, 2018 8:22am Jul 7, 2018 8:22am
Quoting zzz18
{quote} Just relax , I do not need your help ''i have 200 bucks,how much took you to make 80k? '' its a joke , do not need to take everything seriously
@zzz18: I would better not ask this question!!! "ist a joke…."
Just move on!
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