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Pivot Trading

  • #29,301
  • Apr 23, 2019 2:14pm Apr 23, 2019 2:14pm
closed AC may reload depending PA
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In trading, you have to be defensive and aggressive at the same time
  • #29,302
  • Apr 23, 2019 2:18pm Apr 23, 2019 2:18pm
Quoting v2vboni
{quote} 7:08 PM Tuesday, April 23, 2019 Greenwich Mean Time (GMT) I promise no more updates... ; )─ {image} News Events indicator... corrected small things like "1 hrs" instead of "1 hr"... the same goes with "1 days" and " 1 mins" the pending alert time (in minutes) is converted accordingly to hours and days or minutes remaining code optimization with tooltip: {file} classic setup without tooltip: {file}
is there any calender Events indicator with can show actual result mate? so we dont need to watch result from FF calender
  • #29,303
  • Apr 23, 2019 2:21pm Apr 23, 2019 2:21pm
watching AJ...i'll wait after cpi data
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  • #29,304
  • Apr 23, 2019 2:21pm Apr 23, 2019 2:21pm
So many great setups today, hope you guys are taking some.
"In the end you only trade yourself."
  • #29,305
  • Apr 23, 2019 3:14pm Apr 23, 2019 3:14pm
Quoting forrestang
{quote} I think there is a massive difference between 'averaging-DOWN' vs 'averaging-IN.' Averaging-IN, is entering the trade, with a plan to get to or close to a certain size, with a predefined max loss you are willing to take. I.e., should your active trade get close to that max loss, you exit the trade. Averaging-DOWN, is entering a trade, that happens to be going against you, and you are likely already over the size of trade you initially planned to take, and are just adding hoping to not have to book a loss at some point. Some people would...
Well I meant the right one, were you have a plan: in German it's called "verbilligen", means getting a better price.
  • #29,306
  • Apr 23, 2019 3:15pm Apr 23, 2019 3:15pm
Hey Davit - i have a question that i hope that you will answer for probably the 100th time - or maybe one of your followers can answer. Ive been looking around for the answer but dont really feel like i got the exact one. When you trade in "badges" to decrease risk, how come you place several trades at a low low size with sometimes seconds in between (looking at some of your images of trades taken on chart) instaed of just 1 trade with the combined amount of x lot size? Like 1x 0.30 instead of 3x 0.10 that are taken within a minute anyway?

I've been trying to avoid asking "stupid questions" by browsing the thread alot, but this question really bothers me not being able to find the answer
  • #29,307
  • Apr 23, 2019 3:17pm Apr 23, 2019 3:17pm
Scaling in scaling out, whatever you want to call it, it´s an art,like trading as a whole...Davit mentioned it is kind of second nature to him...

Next big one is taking profits...

Anyway, I´m learning a lot from most of you here.
Thanks a million.
  • #29,308
  • Apr 23, 2019 3:23pm Apr 23, 2019 3:23pm
Quoting Pagh
Hey Davit - i have a question that i hope that you will answer for probably the 100th time - or maybe one of your followers can answer. Ive been looking around for the answer but dont really feel like i got the exact one. When you trade in "badges" to decrease risk, how come you place several trades at a low low size with sometimes seconds in between (looking at some of your images of trades taken on chart) instaed of just 1 trade with the combined amount of x lot size? Like 1x 0.30 instead of 3x 0.10 that are taken within a minute anyway? I've...
I have increased my lot sizes and number of trades has also been reduced.Doing what I have done advantage of closing at different levels.
In trading, you have to be defensive and aggressive at the same time
  • #29,309
  • Apr 23, 2019 3:28pm Apr 23, 2019 3:28pm
Today's results despite of being at work best time NY morning but still managed almost 1k

Closed some EN
Missed some great set ups....Well I do my best with limited time I have with high liquidity time.
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In trading, you have to be defensive and aggressive at the same time
  • #29,310
  • Apr 23, 2019 3:39pm Apr 23, 2019 3:39pm
In general when price hits 61-100 before a news release I relax and counter trade.Its basically priced in.
Example AUD news tonight.Does not matter most likely AUD will appreciate no matter what number it comes out.
Example I took long on AJ and feel confident about it.Its solid trade in my opinion.This is how I operate stacking probabilities in my favor then allowing the trade to develop.Hope this makes sense if not then this thread is over your skill sets.

goes without saying anything can happen!
Notice my entries are above the spike which means I waited for PA to turn north
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In trading, you have to be defensive and aggressive at the same time
  • #29,311
  • Apr 23, 2019 3:42pm Apr 23, 2019 3:42pm
Quoting Davit
Today's results despite of being at work best time NY morning but still managed almost 1k Closed some EN Missed some great set ups....Well I do my best with limited time I have with high liquidity time. {image}
You remind me of a Spanish friend of mine who plays online poker, in the evening, several opponents at the same time while watching TV with his family.... he makes money every day, and has fun too...
  • #29,312
  • Apr 23, 2019 3:46pm Apr 23, 2019 3:46pm
Quoting cuchuflito
{quote} You remind me of a Spanish friend of mine who plays online poker, in the evening, several opponents at the same time while watching TV with his family.... he makes money every day, and has fun too...
Everything is just probabilities Its knowing how to use this basic idea.
In trading, you have to be defensive and aggressive at the same time
  • #29,313
  • Apr 23, 2019 3:48pm Apr 23, 2019 3:48pm
I took UC Short
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You NEVER will be the person you could be, without pressure & discipline
  • #29,314
  • Apr 23, 2019 3:48pm Apr 23, 2019 3:48pm
Closed AC and GU today
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  • #29,315
  • Apr 23, 2019 3:49pm Apr 23, 2019 3:49pm
track EG very close
Notice also market picks a currency dumps then reverses same following day or week.Today's dumping heavy was CAD and GBP but they are maxed out tomorrow could be Euro Yen
You guys understand right its rare a currency get bought every day.This cycle could be triggered by news like on CAD promise of continued high production keeping Iran out etc. GBP still jitters on Brexit however same exact currencies could be bullish tomorrow.
Studying the calendar gives an insight which is likely to be risk on or off.
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In trading, you have to be defensive and aggressive at the same time
  • #29,316
  • Apr 23, 2019 3:56pm Apr 23, 2019 3:56pm
Quoting DiamondMiner
I took UC Short{image}
good that's solid trade me too
In trading, you have to be defensive and aggressive at the same time
  • #29,317
  • Apr 23, 2019 4:04pm Apr 23, 2019 4:04pm
whenever I want to lough and cheer myself I watch YouTube Star Cussing Parrot Pebble
This bird is hilarious "I told you you fking asshole" Its how expressive the head shakes are and pacing like human.Its a marvel to watch
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Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #29,318
  • Apr 23, 2019 4:16pm Apr 23, 2019 4:16pm
Quoting Davit
whenever I want to lough and cheer myself I watch YouTube Star Cussing Parrot Pebble This bird is hilarious "I told you you fking asshole" Its how expressive the head shakes are and pacing like human.Its a marvel to watch https://www.youtube.com/watch?v=4abffz10ffI https://www.youtube.com/watch?v=EYpwOucI-f4
LMAO!!
  • #29,319
  • Apr 23, 2019 4:51pm Apr 23, 2019 4:51pm
Quoting Davit
In general when price hits 61-100 before a news release I relax and counter trade.Its basically priced in. Example AUD news tonight.Does not matter most likely AUD will appreciate no matter what number it comes out. Example I took long on AJ and feel confident about it.Its solid trade in my opinion.This is how I operate stacking probabilities in my favor then allowing the trade to develop.Hope this makes sense if not then this thread is over your skill sets. goes without saying anything can happen! Notice my entries are above the spike which means...

thanks for the heads up davit...i put a buy order at 79.20
buy the rumor,sell the news
  • #29,320
  • Apr 23, 2019 8:38pm Apr 23, 2019 8:38pm
Audjpy fall badly ...
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