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Pivot Trading

  • #22,001
  • Oct 28, 2018 6:21pm Oct 28, 2018 6:21pm
Quoting Davit
{quote} Price can do anything I would suggest you clean up your chart from all the junk. Can't trade pivots if your one leg is stuck what you were doing prior perhaps unsuccessfully. You got to let go of your past. I got indicators and template.
will do.
thanks.
If you don't know how to earn money, don't loose it.
  • #22,002
  • Oct 28, 2018 8:39pm Oct 28, 2018 8:39pm
Quoting Davit
My calendar events Wont be posting this every week since this is my personal analyses.Doing it so you guys get an idea. Background tone USD corrections likely to continue however market is king. Monday AUD Building Approvals m/m 1st thing that jumped up to me. Generous 3.9% from previous dismal-9.4% Will continue hold AU and AJ longs. I see AUD getting some love.In fact my AJ is largest positions I have now. Tues USD CB Consumer Confidence 136.3 previous 138.4 should this print even more red I anticipate USD selling to continue specially on EU and...
My bias is somewhat the same. What I am looking to trade this week are long AU EU EC AN AJ and short UC UJ and waiting on EN. Mid-term elections this month;therefore, this NFP is a big test as to the economy strength in US. As we all know Dems are looking to win big and a strong economy will prove that Trumps tactics work and has country going right direction. Although I believe this is what is happening I don't see the numbers backing it "for some reason" cough cough...so I expect NFP to print red. Forecast 191K Previous 134K gives enough room to print red.
Invest in Life
  • #22,003
  • Oct 28, 2018 11:12pm Oct 28, 2018 11:12pm
Quoting Davit
{quote} This happens and did happened to me on EG end up holding it for almost a year however what I did kept selling the tops collect wait price hit 88+ sell again and again over 10 times I think and not only it covered my loss but made good profit on it. So in your case once you see price not breaking 1.60 put a SL to collect profit wait price jump up sell again do it as often as swings allow to eventually price breaking south or close enough that taking the loss would be equalized+ by repeated profit taking
Hi Davit,
Am glad to learn this. It happened to me on EUR/AUD too, held it for almost 3 months. Finally got out with minor loss. While waiting I have enough margin to make pips from other pairs.
  • #22,004
  • Oct 28, 2018 11:27pm Oct 28, 2018 11:27pm
Quoting kellycml
{quote} Hi Davit, Am glad to learn this. It happened to me on EUR/AUD too, held it for almost 3 months. Finally got out with minor loss. While waiting I have enough margin to make pips from other pairs.
thanks davit.

Me too.. i had enough marigin to trade other pairs. Beauty of this system is to trade with small lots
  • #22,005
  • Oct 29, 2018 2:47am Oct 29, 2018 2:47am
Quoting elan1988
Davit i started selling EurAUD two months before under the belief of AUD get strong. Due to lack of experience, i couldnt understand the Tradewar impacted the AUD. I continued selling at regular interval under the belief that AUD get strong. Pips went against me around -5000 points, drawdown almost 40% but i had enough margin to safeguard the balance. Between 1.6350 - 1.6075 swing i managed to lock 2000points as of now and waiting for the break of 1.6000 level. i could have gone out with minor loss but out of sheer ego and confidence of aud get...
With that kind of money management you will lose your account eventually. Maybe not with this trade but the next. You need to learn to let go. What you are doing is not stress free trading. Market can do what ever, you can't rely on hope that it will turn. It may not for a long time. Then what you do? You lose your account. Do as Davit has said on his first page. Close some positions, 25%-30% and watch what market does. Take control. At the moment market controls you.
  • #22,006
  • Oct 29, 2018 3:47am Oct 29, 2018 3:47am
Champions! 2018
lived both cities but Boston has been my home for 30yrs
What a series! Well deserved win!
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In trading, you have to be defensive and aggressive at the same time
  • #22,007
  • Oct 29, 2018 4:10am Oct 29, 2018 4:10am
Quoting 1pipperhour
{quote} With that kind of money management you will lose your account eventually. Maybe not with this trade but the next. You need to learn to let go. What you are doing is not stress free trading. Market can do what ever, you can't rely on hope that it will turn. It may not for a long time. Then what you do? You lose your account. Do as Davit has said on his first page. Close some positions, 25%-30% and watch what market does. Take control. At the moment market controls you.
I Under stood .. it was stressful but i learned a lot after that to manage. it wont happen in any other trade hereafter

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  • #22,008
  • Oct 29, 2018 4:21am Oct 29, 2018 4:21am
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  • #22,009
  • Oct 29, 2018 4:43am Oct 29, 2018 4:43am
Good morning friends, both my AJ and NU are doing weell LONG
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  • #22,010
  • Oct 29, 2018 6:09am Oct 29, 2018 6:09am
looking WPP
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  • #22,011
  • Oct 29, 2018 8:00am Oct 29, 2018 8:00am
Quoting elan1988
looking WPP {image}
Is this trade from last week?
  • #22,012
  • Oct 29, 2018 8:17am Oct 29, 2018 8:17am
Quoting 1pipperhour
{quote} Is this trade from last week?
yes
  • #22,013
  • Oct 29, 2018 9:56am Oct 29, 2018 9:56am
@Davit, There are many traders who do not trade news, cause of lack of command(experience) on fundamentals, so if you dont mind, would you like to give a concluded summary on trading fundamental??? I will be thankful for this kindness.
  • #22,014
  • Oct 29, 2018 10:00am Oct 29, 2018 10:00am
Hi Davit,

Finally!! Welcome back to your home ground.



Ron.
  • #22,015
  • Oct 29, 2018 10:05am Oct 29, 2018 10:05am
Quoting RonFXLive
Hi Davit, Finally!! Welcome back to your home ground. Ron.
Welcome back to you too Ron!!
  • #22,016
  • Oct 29, 2018 10:07am Oct 29, 2018 10:07am
Quoting Marlin Man
{quote} Welcome back to you too Ron!!
Thank you Marlin Man.. has been long.. haha..

miss you guys man and pls continue to trade with Davit’s System.
  • #22,017
  • Oct 29, 2018 10:23am Oct 29, 2018 10:23am
Quoting RonFXLive
{quote} Thank you Marlin Man.. has been long.. haha.. miss you guys man and pls continue to trade with Davit’s System.
Ron!

Welcome back, here's to hoping you stay with us!
  • #22,018
  • Oct 29, 2018 10:26am Oct 29, 2018 10:26am
Quoting SirYodaa
{quote} Ron! Welcome back, here's to hoping you stay with us!

Thank you SirYodaa.

You’re doing great!!
  • #22,019
  • Oct 29, 2018 12:04pm Oct 29, 2018 12:04pm
Maybe somone will like the idea of havin rules on the chart reading and focusing on them before you take a decision
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  • #22,020
  • Edited 12:43pm Oct 29, 2018 12:31pm | Edited 12:43pm
Closed NJ +513
I closed last trade same pair at 8296 700+gain Friday then reentered another batch. So I Get in on dips/rallies until swings ends or the Edge no longer there. I often discussed this method and wont explain again.
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In trading, you have to be defensive and aggressive at the same time
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