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Pivot Trading

  • #28,621
  • Apr 12, 2019 12:21am Apr 12, 2019 12:21am
Quoting Davit
{quote} 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
Ok Thanks - here it is - I had some bumps and I have had to clear some dead wood from my head and negative trading habits. it has been a long journey. I tried other systems so many times - I was here a couple of times before and did not believe that this system worked and I would over trade pivots in the wrong direction and also traded with too much prejudice towards taking a trend trade looking for 300 pip moves. haha does not work in FX unless you are lucky and very patient. Swing Trades is where the consistent regular money. I need to watch more MD videos more often. your consistent discipline is impressive not just in words but also in actions.

Here is the last 30days trading from 11 Mar to 12 Apr. I believe I am improving and stopped a lot of negative trading and taking profits more consistently.
Lossers and winnners - some of the bad and good ones... showing that I had some bad trades and in particular made losses on larger position sizes. bad habits.

Also below is the last 2 weeks - 28 Mar to 12 Apr. I have lot less big losers and also trading better in zone and taking profits regularly rather than watching them erode.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 11 Mar to 11 Apr.jpeg Size: 134 KB
Click to Enlarge Name: lossers.jpeg Size: 82 KB
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  • #28,622
  • Apr 12, 2019 12:47am Apr 12, 2019 12:47am
Try this news calendar indicator if you are having problems with FF source indi. It draws vertical lines for news on chart. Use as is, but depending on the broker server location time shift simply change the time shift input.
Attached File(s)
File Type: ex4 FXSSI.Calendar.ex4   99 KB | 439 downloads
  • #28,623
  • Apr 12, 2019 1:25am Apr 12, 2019 1:25am
You could try this news indi as well...works well for me
Attached File(s)
File Type: ex4 FlexNewsIndicator.ex4   57 KB | 466 downloads
  • #28,624
  • Apr 12, 2019 2:41am Apr 12, 2019 2:41am
everyone made good profit on this week. but for me this week is not so great. UJ short close early but it down to my tp level. EU short didn't close with great profit it's now on a DD same as EN. I did made mistakes and lessons learnt from it. anyway I'm double my account I'm satisfied with that
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  • #28,625
  • Apr 12, 2019 3:37am Apr 12, 2019 3:37am
EN - Hope this comes down to my TP's so I can either BE or get out with a little profit.
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  • #28,626
  • Apr 12, 2019 3:58am Apr 12, 2019 3:58am
Quoting darshanaint
everyone made good profit on this week.
Hi darshanaint, probably this week many made big profits, but not everyone, at least not me.

I hadn't much time to trade this week taken away by my job and other concerns.
Even in this case I managed to have the week in profit, not a big one but still a profit and I'm satisfied.

Sure, I missed the best trains like AU, AC, EU, but when you have little time and you're not there with your head, I mean focus at 100% as trading at this level requires, you have to be very careful and be happy with what you have made.

I say this because trading in a hurry, I made alot of mistakes like late entry, early exit and nevertheless final outcome is green.

At the moment I've some running DD due to wrong foot entries like shorting EU while China trade data came out very positive supporting the EUR and crushing USD, despite yesterday good data on dollar. Now trading around WR138 @1.1316 previous support area of a certain importance, if it doesn't turn I can consider to exit with a small loss or to wait some more days - since it's swap positive.

What's more important is that this week, a bit far from trading affair, has given me the opportunity to reflect on where I was only one year ago with my own trading and without Davit's system: yes I was already profitable, but much less than now and above all much less confident in myself.

Now back to trading the week is not over yet.

Best regards,
Bubincka
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Porta itineris dicitur longissima esse
  • #28,627
  • Apr 12, 2019 4:01am Apr 12, 2019 4:01am
Quoting tehtawar
Too early but i my goal this week. I hope can reach 4 digit soon . Thanks Davit and all contributors, still have a lot things to learn here {image}
Miss my target this week because taking profit too early . Next week i hope i can reach my 1st target, no no ICAN REACH MY ! 4 digit .
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Stay low, Go fast - No luck, All skill
  • #28,628
  • Apr 12, 2019 4:36am Apr 12, 2019 4:36am
Quoting bubincka
{quote}
At the moment I've some running DD due to wrong foot entries like shorting EU while China trade data came out very positive supporting the EUR and crushing USD, despite yesterday good data on dollar. {image}


perplexing day.Its more about MM pushing for stops fills then Chinese data.China does shitload of business with US much bigger then Euro hence if anything stronger USD should be the norm but after Feds dovish tone sentiment is shifting

Below is a list highlighting 15 of China’s top trading partners in terms of export sales. That is, these countries imported the most Chinese shipments by dollar value during 2018. Also shown is each import country’s percentage of total Chinese exports.

  1. United States: US$479.7 billion (19.2% of total Chinese exports)
  2. Hong Kong: $303 billion (12.1%)
  3. Japan: $147.2 billion (5.9%)
  4. South Korea: $109 billion (4.4%)
  5. Vietnam: $84 billion (3.4%)
  6. Germany: $77.9 billion (3.1%)
  7. India: $76.9 billion (3.1%)
  8. Netherlands: $73.1 billion (2.9%)
  9. United Kingdom: $57 billion (2.3%)
  10. Singapore: $49.8 billion (2%)
  11. Taiwan: $48.7 billion (2%)
  12. Russia: $48 billion (1.9%)
  13. Australia: $47.5 billion (1.9%)
  14. Malaysia: $45.8 billion (1.8%)
  15. Mexico: $44.1 billion (1.8%)

Could be the case of weekend and London wanting to make their highs and NY could crash it down

In trading, you have to be defensive and aggressive at the same time
  • #28,629
  • Edited 5:49am Apr 12, 2019 5:04am | Edited 5:49am
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}
I have paid special attention to the negative swaps, and for this reason, this week I paid for the price of my discomfort.
I was not able to earn any penny with USDJPY because it took longer than I expected and so I decided to put almost all UJ trades on BreakEven because of high swap rates.
  • #28,630
  • Apr 12, 2019 5:21am Apr 12, 2019 5:21am
NU. Good weekend. !!!!!!!!!!!!!!!!
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  • #28,631
  • Apr 12, 2019 5:30am Apr 12, 2019 5:30am
Quoting Davit
{quote} perplexing day.Its more about MM pushing for stops fills then Chinese data.China does shitload of business with US much bigger then Euro hence if anything stronger USD should be the norm but after Feds dovish tone sentiment is shifting
Hi Davit a very good insight, this make things a bit more clear to me since it's hard for me to understand where sudden EUR strength comes from, apart from Industrial Production a little more positive than forecast.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #28,632
  • Apr 12, 2019 5:34am Apr 12, 2019 5:34am
Quoting fibo38
NU. Good weekend. !!!!!!!!!!!!!!!! {image}
Nice one , I spoted that early and missed entry due to work
  • #28,633
  • Apr 12, 2019 5:38am Apr 12, 2019 5:38am
EZ showing signs for reversal
  • #28,634
  • Apr 12, 2019 6:00am Apr 12, 2019 6:00am
Quoting bubincka
{quote} Hi darshanaint, probably this week many made big profits, but not everyone, at least not me. I hadn't much time to trade this week taken away by my job and other concerns. Even in this case I managed to have the week in profit, not a big one but still a profit and I'm satisfied. Sure, I missed the best trains like AU, AC, EU, but when you have little time and you're not there with your head, I mean focus at 100% as trading at this level requires, you have to be very careful and be happy with...
Thank you Bubincka. motivate me.
  • #28,635
  • Apr 12, 2019 6:40am Apr 12, 2019 6:40am
Quoting kingdomk
EN - Hope this comes down to my TP's so I can either BE or get out with a little profit. {image}
no worries you should be in profit
In trading, you have to be defensive and aggressive at the same time
  • #28,636
  • Apr 12, 2019 6:49am Apr 12, 2019 6:49am
AUD in rally mode after China trade good data.

Next week AUD Monetary Policy Meeting Minutes released on Tue and China GDP on Wed, then AUD job data on Thu expected to print green.
Therefore even if many good opportunities are taking shape to go short on AC, AU it's better to wait if this move has legs to continue.
A lot of CAD data to come too, so weighting on AC direction.
Porta itineris dicitur longissima esse
  • #28,637
  • Apr 12, 2019 6:59am Apr 12, 2019 6:59am
Every time I said “ I am done for the week “ new set ups shows up . I don’t like to trade Friday’s , swaps over weekend and mm usually pushing further. Trading is like drugs you want more and eventually you die from overdose . Looking at Fibo , CryptoSurf, Davits trades and others I noticed one thing that combines them all together. Patience!!!!!!!
really you don’t need More, you need 1-2 in the right time and the right place. Look at CJ and NU. 1-2 trades overnight between Thursday and Friday. And you done. Have a great weekend guys. I will sure enjoy that nice spring sunny days. Thanks everyone for being part of our big successful team. I think we are outperformed any threads here on FF for 1000% every week!
  • #28,638
  • Apr 12, 2019 7:06am Apr 12, 2019 7:06am
Quoting Davit
{quote} no worries you should be in profit
Sure am!! It was a huge mistake getting in too early, but I think I've learnt a few things from it. I'm jotting it down on my notebook
- Importance of DOL and PA during these times
- Look for low ADR pairs, although slow at times it will get me thinking dynamically and hopefully allow me to build some good practices
- MM and Risk. I've never used trade manager, usually stops but I may consider this when I'm rushed in for work
- Fundies rule, the spike up on EN was unjustified (apart from WTI hitting lows). Hang in there, have enough rounds to fire @ the top!

Thank you Davit, you gave the confidence to hold onto this! Got out with about 30 pips profit in the end.
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  • #28,639
  • Apr 12, 2019 7:12am Apr 12, 2019 7:12am
Really struggling to commit to trading at the moment due to running my own business and having its busiest period. My only passion is trading and sometimes it does cross my mind to sell-up and commit full-time to trading which is daunting due to fact by routine all i know is to get up - go out - and physically work. I miss trades and sometimes miss to close trades.

I hope everyone is doing good.... I recently started following Claudia1 and Billy T just because they trade the UK Open and generally only look for 10 pips and that's them done for the day, however i like this style of trading with weekly pivots + PA + Fundamentals .

I guess i'm just ranting
  • #28,640
  • Apr 12, 2019 7:17am Apr 12, 2019 7:17am
Quoting RieseP
Really struggling to commit to trading at the moment due to running my own business and having its busiest period. My only passion is trading and sometimes it does cross my mind to sell-up and commit full-time to trading which is daunting due to fact by routine all i know is to get up - go out - and physically work. I miss trades and sometimes miss to close trades. I hope everyone is doing good.... I recently started following Claudia1 and Billy T just because they trade the UK Open and generally only look for 10 pips and that's them done for the...
you need minimum 50k to trade full time. That's stressful.When you get shit days adds to pressure and why you need more capital.
I know the feeling but right time will come.
In trading, you have to be defensive and aggressive at the same time
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