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Pivot Trading

  • #22,041
  • Oct 29, 2018 6:30pm Oct 29, 2018 6:30pm
Quoting Davit
Ok guys lets go over simple chart NJ I have been buying every dip Why you may ask! Simple look its classic range chart and we at the bottom going north. Once this is established we are looking dips to buy. Simple correct? Pull your calendar events and look. BOJ data coming up hence dips very likely. There you just got a trading plan for this pair and you can repeat same on AJ That's Tues Oct 30. Had you not been aware of BOJ and totally oblivious to news then you might of missed golden opportunity to make solid $$ You just got a beautiful insight...

...now, a trade plan thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: NJ.JPG Size: 113 KB
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #22,042
  • Edited 6:46pm Oct 29, 2018 6:31pm | Edited 6:46pm
Quoting SirYodaa
{quote} Davit, I think one of my main struggles as I was starting with this system was every R/S 61-100, I would look for reversal in direction of WPP, I would make profits actually, but I learned very very quickly that became a horrible recipe for disaster, because i would blindly enter reversal at those zones and get into huge drawdowns not understanding why and blaming the system too difficult. I don't have 2 years experience, but I have a brain and willingness to learn learn learn. I have an obsessive personality so when I pick something I'm...
you are doing good.There are lots of snake oil salespeople trying to make trading simple its not.Let me elaborate pressing buttons is simple but reasons are not.Your trading psychology may not have matured without proper experience...
As you gain experience correct decisions become automatic like playing piano with correct hand posture but that correct hand posture had to have started someplace.
Keep at it you will get progressively stronger and mistakes are natural don't beat yourself when you do but make an effort to learn from it.
cheers
In trading, you have to be defensive and aggressive at the same time
  • #22,043
  • Oct 29, 2018 6:39pm Oct 29, 2018 6:39pm
just to inspire you guys
Over 13k this month.Not going to post these kind of info often but showing what's possible
look at profit factor
To give you a perspective I make under 3k a month from my day job.You may wonder why not trade full time.I and my family need health insurance.Basically I am working this shit job for that...
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 19 KB
In trading, you have to be defensive and aggressive at the same time
  • #22,044
  • Oct 29, 2018 6:49pm Oct 29, 2018 6:49pm
Quoting Davit
just to inspire you guys Over 13k this month.Not going to post these kind of info often but showing what's possible look at profit factor To give you a perspective I make under 3k a month from my day job.You may wonder why not trade full time.I and my family need health insurance.Basically I am working this shit job for that... {image}
Davit why do you keep your day job, most people hate there jobs, reason I’m asking this? Is it because of the boredom and loneliness that’s associated with trading?
  • #22,045
  • Oct 29, 2018 6:53pm Oct 29, 2018 6:53pm
Quoting RieseP
{quote} Davit why do you keep your day job, most people hate there jobs, reason I’m asking this? Is it because of the boredom and loneliness that’s associated with trading?
He stated the reason in his post.
"Him and his family need health insurance for that reason he is working but also trading"
  • #22,046
  • Oct 29, 2018 6:55pm Oct 29, 2018 6:55pm
Quoting RieseP
{quote} Davit why do you keep your day job, most people hate there jobs, reason I’m asking this? Is it because of the boredom and loneliness that’s associated with trading?
He literally said it in his post
  • #22,047
  • Oct 29, 2018 6:58pm Oct 29, 2018 6:58pm
Quoting Davit
just to inspire you guys Over 13k this month.Not going to post these kind of info often but showing what's possible look at profit factor To give you a perspective I make under 3k a month from my day job.You may wonder why not trade full time.I and my family need health insurance.Basically I am working this shit job for that... {image}
Nice drawdown. What is the time period for those 485 trades?

What time frame, market times, markets you traded here on average?
  • #22,048
  • Oct 29, 2018 7:06pm Oct 29, 2018 7:06pm
Quoting RieseP
{quote} He posted a video of YouTube 3 weeks ago using weekly pivot points so he is still actively trading using this method.
Can you share the link please?
  • #22,049
  • Oct 29, 2018 7:12pm Oct 29, 2018 7:12pm
Quoting Davit
You may wonder why not trade full time.I and my family need health insurance.
You get private health plans everywhere, you don´t need to be employed. With making 5 figures from trading regulary this should be no big deal.
  • #22,050
  • Oct 29, 2018 7:19pm Oct 29, 2018 7:19pm
Quoting SirYodaa
{quote} He literally said it in his post
I only seen the 13k
  • #22,051
  • Oct 29, 2018 7:39pm Oct 29, 2018 7:39pm
AJ building long position from WPP....
  • #22,052
  • Oct 29, 2018 8:08pm Oct 29, 2018 8:08pm
Quoting bojack34
{quote} Can you share the link please?
go back a few pages it's there
I will get my head around this, but always can be wrong
  • #22,053
  • Oct 29, 2018 8:19pm Oct 29, 2018 8:19pm
Quoting Davit
just to inspire you guys Over 13k this month.Not going to post these kind of info often but showing what's possible look at profit factor To give you a perspective I make under 3k a month from my day job.You may wonder why not trade full time.I and my family need health insurance.Basically I am working this shit job for that... {image}
good stuff. i say you need 3x your job salary

1x=job to cover expenses (if you're already saving a lot from current salary, great!
2x=savings for bad trading weeks/month
3x=fuck you money

unless you're single with no kids living with mom and pops, then i'd say this is good guideline
  • #22,054
  • Oct 29, 2018 9:40pm Oct 29, 2018 9:40pm
Quoting nimtrader
{quote} go back a few pages it's there
I’ve went thru the last 10 pages but could not find it. A little help please. I also tried to search YouTube but could not find anything. Txs
  • #22,055
  • Oct 29, 2018 9:52pm Oct 29, 2018 9:52pm
Quoting bojack34
{quote} I’ve went thru the last 10 pages but could not find it. A little help please. I also tried to search YouTube but could not find anything. Txs
Really? See page 1102 bojack.
  • #22,056
  • Oct 29, 2018 9:52pm Oct 29, 2018 9:52pm

  1. " bojack34

Quoting nimtrader
{quote} go back a few pages it's there
I’ve went thru the last 10 pages but could not find it. A little help please. I also tried to search YouTube but could not find anything. Txs"

it was on page 1102, did you really have a look

Quoting v2vboni
{quote} Oh! sorry it is him.. he introduced himself at the beginning of the video https://www.youtube.com/watch?v=dweUH5NqNFE&t=2s
I will get my head around this, but always can be wrong
  • #22,057
  • Oct 29, 2018 10:19pm Oct 29, 2018 10:19pm
Quoting nimtrader
" bojack34 Quoting nimtrader {quote} go back a few pages it's there I’ve went thru the last 10 pages but could not find it. A little help please. I also tried to search YouTube but could not find anything. Txs" it was on page 1102, did you really have a look {quote}
I honestly did, not sure how I didn’t see it. Ty
  • #22,058
  • Oct 30, 2018 2:00am Oct 30, 2018 2:00am
closed my massive AJ position
mega gain+1815
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH1.png Size: 52 KB
In trading, you have to be defensive and aggressive at the same time
  • #22,059
  • Oct 30, 2018 2:10am Oct 30, 2018 2:10am
Quoting lddd
{quote} Nice drawdown. What is the time period for those 485 trades? What time frame, market times, markets you traded here on average?
everything is on my profile.you click on images you get my closed trades that will give you an idea what and when
In trading, you have to be defensive and aggressive at the same time
  • #22,060
  • Oct 30, 2018 2:56am Oct 30, 2018 2:56am
After closing a good trade last week on NJ I've been able to get a handful of pips on NJ again today.
But since I'll go on vacation for a few days where I'll have limited or none access to my VPS for trading I prefer to close most of my positions.
Attached Image (click to enlarge)
Click to Enlarge Name: NJ_MANUAL_CLOSE_30_10_2018.jpg Size: 121 KB
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