Pivot Trading

EURGBP Already in buy
GBPCAD loading more sells

How pivot fall in line with the market.
I love this

GM guys closed EU longs +673 happy with the gain.

don't trade high ADR pairs unless you know what you are doing
having said this GC does have trade opertunity

Fibo it is a mistake to say "risk=0" because u r in profit now. So if price goes back to BE point u lose ur profit. There is no such thing as "a free ride" .

Trade What You See How to Profit from Pattern Recognition
LARRY PESAVENTO LESLIE JOUFLAS

From my library of books.Notice I have been aggressively trying to install good habits on my system like Calendar events etc.Point was to be consistent in making money.



STEPS TO TAKE FOR SUCCESSFUL TRADING
One very important item to keep in mind while learning to trade: Each action you take repeatedly will become a habit. The habits that form will lead to either your success or your failure. Habits in and of themselves are neutral; they do not know if they have a positive or negative effect. However, the results of the habits will have a negative or positive outcome in your trading. Therefore, it is in the best interest of each trader to strive to form the very best habits that will ensure success. Traders want to strive for a point in their trading where they are just doing the necessary actions. They should have a high confidence level that over time the edge in their trading will have a positive expectation.This will be developed through testing and implementing a specific trading strategy. We hope the items we have listed will help you determine which direction you are taking. If you are an experienced trader and you have already formed habits that are not producing the desired results, then take time to evaluate your trading and begin to form new habits that will get you the results you desire in trading. Chapter 13 has a worksheet titled “Twenty Sample Trades Worksheet” , designed to help traders instill new trading habits. It focuses on doing the same positive action through a series of trades to create new habits and to observe how the trading edge is played out. Positive habits will produce positive results. Negative habits will produce negative results and will be self-defeating. It may be helpful to make a list of any negative habits that are present in your trading, and a separate list of positive habits to replace those. An example of a negative habit may be that the trader consistently exits a trade before the profit objective is reached. The new positive habit will have the trader hold for the profit objective. Another example may be that the trader enters early before a pattern is completed. The new positive habit will have the trader enter at the correct entry point. Once traders understand and know what their edge is,they will begin to see the importance of consistently executing their plan. They will see if there is a gap between where they are and where they want to be. This is a point where the trader can then fill in the necessary steps to close that gap. Conversely, pay attention to your positive habits. The actions you are doing right in your trading can be developed further into strengths.

Develop support systems to help you instill new positive habits. A support system may be using a buddy system with another trader. It never hurts to have accountability with someone else that can help keep you on the path to your goals,but in the long run each action is your responsibility. Here is a list you can use to help develop your personal plan of action to reach the success level you want in trading:
Ĺ Create positive habits. Ĺ Replace negative habits with positive habits. Ĺ Take 100 percent responsibility for each outcome. Ĺ Create a support system to help keep you on the path to your goals. Ĺ Take a proactive approach to making changes in your trading.
Start with a list of actions that you need to take to reach your goals. Believe in yourself; know that you are a successful trader. As you study the trading patterns in this book, we hope that the aforementioned items will help you to develop as a successful trader.

This is not to attack anyone in particular
When a trader opens a thread trading his/her system and does not post examples of their trades trading their method then its like trying to buy a house from description only.Would you take Karate instruction from a teacher who never kicks? or punch?
What is astonishing to me how many fall for this.Sadly people are attracted to this business thinking they can make easy money "guarantee 100pips a week" on some popular thread! (perhaps only guarantee thing is attracting suckers to paid service)There are no guarantees and anyone who says that must be in delusion or has commercial interest. They are probabilities ONLY! That's the difference not selling you an illusion and yes I post what I preach! My trades are HERE and not guaranteeing you anything!
Your success depends on you!

I often follow up on my trades when I get out I wait for rally or dip and continue on trend.I have made most money this month on EC and practically over 100 trades all successful.From the top to now.1.50 has not been touched yet and its a big pink elephant magnet.Market will get there maybe not today but very soon then it may start another cycle pushing under 1.50

GC thanks to Emmkwad for bringing it to my attention since I seldom trade it.

wow quickest money I made recently. GC is dropping like stone

Update on AJ

Closed EC +425 PA just cant break 5090

Closed AU+634

GU bears getting slaughtered
Glad not shorting this beast

Davit do you open trades on friday if you feel no economic data could jeopardize your postions over the weekend or the beggining of the week? Opportunity may occur on N/J and its tempting. I got out E/U too early i was as work and put my TP S38 however you once said be happy with 50-60% of a swing. Catched U/C from R100 and still riding her.

don't short NJ instead let the big boys do that then go long.Follow the trend UP on dips.I don't open new trades in general on Friday but if I see great set up may and NJ is not it.

Im shorting this after saying im going to avoid GBP

Killin it

don't know where you are but good chance you might get out on correction
Once US governments opens things may start on positive sentiment again on USD

maybe i will start shorting gbpusd at that zone