Weekly Pivot trading with TDI

May speech

This is a live account?

Skippyone, no sir. It's demo currently, just don't have the cash available right now too much tide up in Coin, probably in a few months I will. However, I learn from every move I make and every post the Senior or shall I say more experienced guys post. Need to learn more on Fundamentals, and the Psychology of trading. I've got the Technicals down. But, Davit's idea is solid as far as I can see, know thy self and know thy enemy.

Well thats about as much drawdown as im willing to take on AC - closed out half my postions at a loss on AC and kept the other half open on NC- still in heavy DD...
Also closed out GC for net zero... im done with CAD for now!

Hi guys
Hit EJ again successfully
+668

1500 real R for EU
testing 61S again. ISM Non-Manufacturing PMI at 10am

hope will reach the target soon

other side of you

Closed EG very nice gain +2224

will always love you Charles Aznavour RIP
https://en.wikipedia.org/wiki/Charles_Aznavour

don't be afraid of spikes just about every swing ends with a spike.Push hit stops create liquidity then go opposite.That's how MM operate.

EJ may provide reloading

That's the difference between you and I
You take a loss and I make a profit from same trade. I already stated too many times how to trade this system but obviously you didn't get it

Finally got stopped out on my AC long. Losses happen, they are part of trading. Considering that we are at three-years low, I was thinking to close only a part of my trade letting the rest run, but CAD is too strong now and AUD too weak, so take the loss and turn the page. Maybe reload when this rundown stops and a clear sign of reversal appears.

Enjoy your day. Once again, thanks for all your support.

It's not easy to change mind & attitude towards DD. But I'm struggling with it)

Agree

Guys! Just to reiterate:

When you enter a trade, one of the first things that should come to mind is how much you want to RISK, NOT how much you want to PROFIT. Enter small positions and build as trade goes against you or for you. If you sweat because of DD then it's because you are either placing bigger margin than you can handle, or you are not using properly how to increment lots.

again, say you want to trade 0.1 lots, divide your positions into 5 x 0.02, or 10 x 0.01. DD in this system should NOT make you sweat, it should make you drool over opportunity to buy at lower price or sell at higher price.

Notice how ISM results printed Green, way more than expected, yet AU didn't drop by much when logically speaking it should have dropped hard and fast, think why? Think outside the box.

Stay safe, stay green!

biggest part of trading is mental - not too high - not too low. That being said, this style of trading is not for everyone. One thing that helps me is averaging in with smaller size . Just my opinion.

I was busy at work and I see some DD and losses here and there. My insight. Do you know what Davits secret is? He wants to win . BADLY!!!!!. He does everything it takes to manage his trades. He is INTO his trades, his mind is part of each one of them. I couldn’t understand it until i started to do the same. You have set of rules to follow and all that but you CAN NOT STOP ANALYZING. You need to remember what past week was and what to expect from new one( calendar). Blindly wait for 61-100 will not take you anywhere. If you in DD know for sure where to get out. Not “ maybe “ not “ I was thinking to close half and bla bla bla” NO. Exactly where to get out. Don’t make your decision based on hours, if you can wait for a day to close. ANALYZE market in complex. Even if it’s all going against you right now, see where it’s lending, maybe it’s the point where you can ADD more to counter losses and get out in profit. DONT GET GLUED OR FROZEN. Market is not static’s so you should not be. Be proactive. Guys and Gals! There is no miracles here, it’s fun. You have to love it to trade it successfully. You have to live with it, eat sleep and shit with it. Only then it’s going to be a money, wealths and anything else you want. But if you think you can scratch a surface by just trading 61-100 it’s not going to happen!

Simple example: last few weeks; dollar strong- why sell it? CAD -MOTHERFUCKING KING - for last 4 months- why sell it? AUD- 6 month downtrend- why buy it?

Out of all this you still can make short 30 pip swings if you confident enough. But if not, TRADE WITH TREND WITH HELP OF PIVOTS!

Hi Davit

Are you still in longs for AU?