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Pivot Trading

  • #28,601
  • Apr 11, 2019 5:14pm Apr 11, 2019 5:14pm
Quoting atraderfx
{quote} I 100% agree with you Davit, since I followed your advice, to drop the TDI from my charts and focus only on Pivot's and ADR my performance has sky rocketed!.. 60% gain in 1month. no more analysis paralysis. waiting for TDI cross or confirmation of divergence. I trade Pure Price Action from R61-R100 and S61-S100 zones and good weaker currencies from the R38 and stronger currencies from S38.
Great could you post this month's meta graph? Like how many trades wins losses Equity curve? Thanks
something that spectacular deserves a detail graph
In trading, you have to be defensive and aggressive at the same time
  • #28,602
  • Apr 11, 2019 5:16pm Apr 11, 2019 5:16pm
Quoting v2vboni
Try these... ( updated/fixed web XML frequency update ) {image} (1) News.ex4 ─ classic ( web XML updates run/reset timer from an on-load event ) {file} (2) News_Event.ex4 ─ classic but with button control for impact selection ( web XML updates run/reset timer from an on-load event and when switching from News OFF to ON ) {file}
still same problem.I think its feed timing is the issue.
Attached Images
In trading, you have to be defensive and aggressive at the same time
  • #28,604
  • Apr 11, 2019 5:33pm Apr 11, 2019 5:33pm
happy with the gain this week so far.Got Friday to finish off the week

That's lot more then what I make at my reg job..actually the job is starting to effect my trading I missed NY morning hours where volatility is great...kind of feel I am getting the crumbs when I get home...after the appetizers and entree has been consumed.
GC loose end closed it
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #28,605
  • Apr 11, 2019 5:43pm Apr 11, 2019 5:43pm
Quoting Davit
happy with the gain this week so far.Got Friday to finish off the week That's lot more then what I make at my reg job..actually its starting to effect my trading I missed NY morning hours where volatility is great... GC loose end closed it {image}
Needless to say but amazing results, thank you for sharing.
P.s your broker cant be the happiest bunch your out here living the dream sir
  • #28,606
  • Apr 11, 2019 6:04pm Apr 11, 2019 6:04pm
did 2 mistakes today AU and AC shorts should of kept longer....about 20pips each longer...

Had to run to sign off tax ducs why but still staff like these nags me. There are things I also need polishing.
In trading, you have to be defensive and aggressive at the same time
  • #28,607
  • Apr 11, 2019 6:07pm Apr 11, 2019 6:07pm
Quoting kingdomk
I'm not liking the look of this rejection candle. Just seen this didn't get a chance to close any of my sells {image}
This is NOT a rejection candle. It is just the result of the spread widening at the NY close/open. These volatile pairs can have spreads of up to 20 pips at that time even with reputable ECN brokers.
  • #28,608
  • Apr 11, 2019 6:16pm Apr 11, 2019 6:16pm
Quoting ikdenk
{quote} This is NOT a rejection candle. It is just the result of the spread widening at the NY close/open. These volatile pairs can have spreads of up to 20 pips at that time even with reputable ECN brokers.
I was aware of spreads widening during volatile events such as news, wasn't aware they can widen drastically during region open/close. Thank you Ikdenk
  • #28,609
  • Apr 11, 2019 6:22pm Apr 11, 2019 6:22pm
Quoting Davit
did 2 mistakes today AU and AC shorts should of kept longer....about 20pips each longer... Had to run to sign off tax ducs why but still staff like these nags me. There are things I also need polishing.
You need to work on this behaviour, otherwise it will make you 'feel' dissatisfied even though you are making a lot of money. It is a form of 'greed'.

I deal with this partly by closing the chart as soon as I close all the trades. If I reopen the chart later, at least I have put some time between the closes and the 'regret' and have had the opportunity to reflect on my wins, percentages, whatever reinforces behaviour positively.

Any improvement needed is then seen as further reinforcement rather than punishment for closing too early. Any profit is good profit.
  • #28,610
  • Apr 11, 2019 6:28pm Apr 11, 2019 6:28pm
Quoting ikdenk
{quote} You need to work on this behaviour, otherwise it will make you 'feel' dissatisfied even though you are making a lot of money. It is a form of 'greed'. I deal with this partly by closing the chart as soon as I close all the trades. If I reopen the chart later, at least I have put some time between the closes and the 'regret' and have had the opportunity to reflect on my wins, percentages, whatever reinforces behaviour positively. Any improvement needed is then seen as further reinforcement rather than punishment for closing too early. Any...
great advise.I am just very competitive by nature. Once played 20 chess games in a row with total stranger online missing work food totally consumed to beat this guy and after doing it felt totally stupid
Yes I need to work on this.
In trading, you have to be defensive and aggressive at the same time
  • #28,611
  • Apr 11, 2019 6:46pm Apr 11, 2019 6:46pm
don't be afraid to hit this again should it test the high
Waiting for a spike on this.I prefer to get in higher where I got out last trade.
9540 where I got out.I do this often on same swing essentially its like being on same trade but you are taking multiple TP's hence maximizing profits
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #28,612
  • Apr 11, 2019 6:49pm Apr 11, 2019 6:49pm
Davit, check AN if you haven't already. Great spot even on daily. If not tomorrow , next week would be definitely.
  • #28,613
  • Apr 11, 2019 6:51pm Apr 11, 2019 6:51pm
Quoting denisius
Davit, check AN if you haven't already. Great spot even on daily. If not tomorrow , next week would be definitely.
Its only a buy for me. Let MM push down and I will load buys. Some pairs I trade one direction only and this is one of them.
I divulged from how I approach trading here once and end up costing me a lot.Dont like making same mistake.I prefer to be on fundamental side of things.
Some were shorting this from 400-450 and look where it is now.
I learned to trust how I trade.Feel comfortable when I know what I am doing.
In trading, you have to be defensive and aggressive at the same time
  • #28,614
  • Apr 11, 2019 6:58pm Apr 11, 2019 6:58pm
Quoting Davit
{quote} Its only a buy for me. Let MM push down and I will load buys. Some pairs I trade one direction only and this is one of them. I divulged from how I approach trading here once and end up costing me a lot.Dont like making same mistake.I prefer to be on fundamental side of things. Some were shorting this from 400-450 and look where it is now. I learned to trust how I trade.Feel comfortable when I know what I am doing.
Understood.
  • #28,615
  • Apr 11, 2019 8:30pm Apr 11, 2019 8:30pm
Don't have much time to trade and/or participate since mid-march, work is at full pace for me right now but still doing my forex things, taking couple mins on sunday to do my calendar and looking at obvious trade setup every night.

Thanks again Davit, without your teaching I'd still be a breakeven/losing trader.

Also big thanks to guys like Fibo, Crypto, GMO, etc... you guys know who you are, without you this thread would'nt be the same, hope to get more times to participate in couple weeks
Attached Image (click to enlarge)
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  • #28,616
  • Apr 11, 2019 8:42pm Apr 11, 2019 8:42pm
Quoting Davit
{quote} Its only a buy for me. Let MM push down and I will load buys. Some pairs I trade one direction only and this is one of them. I divulged from how I approach trading here once and end up costing me a lot.Dont like making same mistake.I prefer to be on fundamental side of things. Some were shorting this from 400-450 and look where it is now. I learned to trust how I trade.Feel comfortable when I know what I am doing.
I would have to agree. PA keeps grinding up.
Trade with confidence, trade without fear.
  • #28,617
  • Apr 11, 2019 8:48pm Apr 11, 2019 8:48pm
Quoting fibo38
Update and / closed gold {image}
you are a big inspiration in my trading journey Sir, keep it up!
Attached Image (click to enlarge)
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  • #28,618
  • Apr 11, 2019 11:03pm Apr 11, 2019 11:03pm
EURO pairs setting up nicely H1
EURJPY EURUSD
  • #28,619
  • Edited Apr 12, 2019 9:38am Apr 11, 2019 11:09pm | Edited Apr 12, 2019 9:38am
I am happy to be part of the best thread of FF.
Profit this week . (04/07 to 04/13 Gain: 4,57% -- us$ 916.10)
I have had goods results and and this week I was able to overcome my average of the last 10 weeks. so, I will do my best to keep my weekly average . us$663/week (us$6638.16 / 10 weeks).


Thanks God, Thank you Davit, and also thanks to you that, in some way, also contributes to the consistency of this thread . !!!!
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  • #28,620
  • Apr 12, 2019 1:31am Apr 12, 2019 1:31am
Quoting ppxdf
I am happy to be part of the best thread of FF. Profit this week . (04/07 to 04/13 Gain: 4,57% -- us$ 916.10) I have had goods results and and this week I was able to overcome my average of the last 10 weeks. so, I will do my best to keep my weekly average . us$663/week (us$6638.16 / 10 weeks). Thanks God, Thank you Davit, and also thanks to you that, in some way, also contributes to the consistency of this thread . !!!! {image} {image} {image}
Well done
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