Guys,
I’m in for a short on EURUSD and NZDJPY.
Pls Trade with your own risk.
Good luck!!!
I’m in for a short on EURUSD and NZDJPY.
Pls Trade with your own risk.
Good luck!!!
6
Weekly Pivot trading with TDI
Does any one prefer H4 over H1? Just a general question, still haven’t found the timeframe for me, I use H4 to get in and H1 for exits. Working prevents me from having screen time, so sometimes I am in profit, but markets turn and I’m in the red. Help please
. Not much happens on 4h so far this week.Regards
Paal
- #2,452
- Aug 30, 2018 6:07am Aug 30, 2018 6:07am
- Joined May 2017 | Status: Trader | 2,047 Posts
Those who followed Davits strategy this week, could have become hell of a lot reacher ! So many set up its crazy. 
I don't even know which one to grab.
On the the serious note: I was following CAd for all this 3 months of rally. Yesterday, the first signs of slipping start to show, today's GDP another one. I am not saying it is trend reversal but sure it can be money taking correction. On other hand AUD didn't make any significant changes and their economic data keeps falling slowly but surely. In my opinion, take what you can and look for another opportunity next week! I hope you guys having a great time!
I don't even know which one to grab. On the the serious note: I was following CAd for all this 3 months of rally. Yesterday, the first signs of slipping start to show, today's GDP another one. I am not saying it is trend reversal but sure it can be money taking correction. On other hand AUD didn't make any significant changes and their economic data keeps falling slowly but surely. In my opinion, take what you can and look for another opportunity next week! I hope you guys having a great time!
- #2,455
- Edited 6:30am Aug 30, 2018 6:19am | Edited 6:30am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Does any one prefer H4 over H1? Just a general question, still haven’t found the timeframe for me, I use H4 to get in and H1 for exits. Working prevents me from having screen time, so sometimes I am in profit, but markets turn and I’m in the red. Help please
Lot of folks trading my system don't understand principles behind it.Its not about H4 candles....
Lets start with the philosophy behind my pivot trading.
Took me years to figure out how to beat the market and one way is to outsmart it.How? By wide net fishing. Majority of retail traders are sniper fisherman meaning they cast their poll and wait for a bite for single fish.This is inefficient, time and energy wasted and capital.My method is about net fishing you cast your net around Pivot zones then you wait until it feels with fish and if you didn't get any fish no problem you repeat (there is random element in the markets)
The repetition is about statistics.Out of 300 trades you will have roughly 70-80% winners that's at least my experience.Important factor is you keep doing and allowing the EDGE to work for you!
Lot of rookies try a system and after 5 losses move on to next system then become a lifelong gypsy...until money runs out. I advise stick to what works and make it work for you.Jumping system to system wastes time and capital because any system 5 or 10 trades is not sufficient data to know if it works.You need in hundreds of trades....
About the pivots.Its not about H4 or Daily or Weekly or Monthly candles its about Pivot zones! Entries can be made 15min-h1 H4 is too late you will miss out of lot of movement and by the time you decide to enter the market can reverse.I have full time job and have no issues about trading 15-1hr
Remember having red trades is ok as long as price is within the zone.You must compensate for randomness and patiently wait and why trading ME in small lots are used because price is a moving target never static.
Anyway good luck
In trading, you have to be defensive and aggressive at the same time
- #2,457
- Aug 30, 2018 6:22am Aug 30, 2018 6:22am
{quote} Hi R Lot of folks trading my system don't understand principles behind it.Its not about H4 candles.... Lets start with the philosophy behind my pivot trading. Took my years to figure out how to beat the market and one way is to outsmart it.How? By wide net fishing. Majority of retail traders are sniper fisherman meaning they cast their poll and wait for a bite.This is inefficient, time and energy wasted and capital.My method is about net fishing you cast your net around Pivot zones then you wait until it feels with fish and if you didn't...
Totally agreed Davit.
Well said.
Not jumping system to system trying different methods.
