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Pivot Trading

  • #29,401
  • Apr 24, 2019 2:21pm Apr 24, 2019 2:21pm
Took this shot in my Town Medford MA
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In trading, you have to be defensive and aggressive at the same time
  • #29,402
  • Apr 24, 2019 2:33pm Apr 24, 2019 2:33pm
Quoting Davit
Took this shot in my Town Medford MA {image}
Nice. I bought my first camera recently. Not managed to take it on many hikes yet due to the nature of the hikes and people i'm with but I'm really beginning to enjoy getting outdoors and snapping away, even if they end up being iPhone shots. I'll share some tomorrow morning, but here's a few on my instagram: https://www.instagram.com/delazylizardd/

Good evening all.
Ben
  • #29,403
  • Apr 24, 2019 2:58pm Apr 24, 2019 2:58pm
Quoting esk1mooo
{quote} Nice. I bought my first camera recently. Not managed to take it on many hikes yet due to the nature of the hikes and people i'm with but I'm really beginning to enjoy getting outdoors and snapping away, even if they end up being iPhone shots. I'll share some tomorrow morning, but here's a few on my instagram: https://www.instagram.com/delazylizardd/ Good evening all. Ben
Ben you got talent for this.Some amazing shots.Jealous you been traveling to some spectacular places
In trading, you have to be defensive and aggressive at the same time
  • #29,404
  • Apr 24, 2019 3:05pm Apr 24, 2019 3:05pm
DD on EU but feel good about the trades.After taking them price dropped little deeper.
MM basically pricing in advance GDP

The way I think great got EU at bargain prices..This is kind of DD I consider good DD which is allowing the trade to develop.Let it alone
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In trading, you have to be defensive and aggressive at the same time
  • #29,405
  • Apr 24, 2019 3:05pm Apr 24, 2019 3:05pm
I started photography, a long time ago. Take a small course.
Here a long exposure photo, this technique is fun ..
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  • #29,406
  • Apr 24, 2019 3:09pm Apr 24, 2019 3:09pm
Quoting fibo38
I started photography, a long time ago. Take a small course. Here a long exposure photo, this technique is fun .. {image}
Have not done that and looks beautiful.I am total amateur.Never took a course on photography but would love to.
In trading, you have to be defensive and aggressive at the same time
  • #29,407
  • Apr 24, 2019 3:36pm Apr 24, 2019 3:36pm
Nice opportunity in the making to hit EC again.Love shorting this over and over.
CAD press conference was rather bullish.They gave no indication of rate cut.CAD should recover.
Between basically 38-38
How successful I've been on EC? 2nd highest earner $$
Results this month so far
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In trading, you have to be defensive and aggressive at the same time
  • #29,408
  • Apr 24, 2019 4:55pm Apr 24, 2019 4:55pm
Quoting fibo38
I started photography, a long time ago. Take a small course. Here a long exposure photo, this technique is fun .. {image}
Your photo is as impressive as those charts of yours.
Invest in Life
  • #29,409
  • Edited 8:03pm Apr 24, 2019 7:06pm | Edited 8:03pm
Its interesting one bad day and the army of noobs fly away as easily as they came.
Sadly this industry attracts lots of simple folks who blow their hard earned money without proper education and experience.
If they only knew success is just around the corner.....

There is learning curve in Forex.Takes 5yrs minimum to become proficient and consistent profitable.Most gave up by 2nd year or just run out of funds.
95% losers in the industry is true only for those less then 5yr experience.Adds get better after 5yrs.This part is crucial to understand

Several senior traders including myself got this massage on PM

"hi bro . i am stuck in nzdusd short trade and audjpy . its over sold hold these trade is batter option what you think about it? "

Obviously this person was not ready to trade PERIOD!Even the verbiage is wrong because short NU and AJ would of been massively profitable.
Could not even articulate the positions correctly.

What happens when these folks IGNORE MY WARNING ON 1ST PAGE

I will refuse to work with New Traders PERIOD! I will kick you out without slightest hesitation!

What we do here is equivalent advance drawing class not beginning drawing 101
You can't jump in advance class and start asking questions that are over your head and disrupt others.Everything has its rightful place and time.
Respect your senior traders! They have put their time!
You got questions use search function! You want indicators its in clipboard!
I will aggressively clean this thread from violators!

Bottom is Trading 101 cubes and shapes.Start there before you open life drawing class!
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In trading, you have to be defensive and aggressive at the same time
  • #29,410
  • Apr 24, 2019 11:29pm Apr 24, 2019 11:29pm
Quoting Pagh
{quote} 70-80% probability sounds like the holy grail to me - obviously your wins have to be bigger than your losses, im fully aware of that. Is this based on your own results or just very rough estimation?
Apologies for the late answer (had to go to work). A colleague from the tread has made the effort to estimate ( I cite from memory) for several couples for 2 years period how often they go beyond the 100 pivot and how often they reflect back to the WP (somewhere in the first 200 pages ) There from are the estimates. When you add confluence (previous S/R, fibo retracement etc you will increase the edge). And below are my results from mid JAN ( still in the bloom and bust cycle ). Regarding wins vs losses it happens often to maintain (for example) a DD 40 $ and later to pick a profit from 20 $ ("Cut your winners and let your loses run" from Bird watching in Lion's Country) Green pips
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  • #29,411
  • Apr 24, 2019 11:34pm Apr 24, 2019 11:34pm
Quoting Davit
{quote} Ben you got talent for this.Some amazing shots.Jealous you been traveling to some spectacular places
Thanks Davit, it's a work in progress much like other areas of my life haha. Grateful to be able to get out, away from screens and enjoy some of the simple pleasures in life.

Cheers,
Ben
  • #29,412
  • Apr 24, 2019 11:50pm Apr 24, 2019 11:50pm
Very refreshing reading experienced and serious traders dropping nuggets of wisdom backed by strong records of cos. Now that the 'Army of Noobs' and holy grail hunters have left their battle stations we continue.
EN:
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  • #29,413
  • Apr 25, 2019 12:04am Apr 25, 2019 12:04am
EUR/NZD: Short
TARGET: S61

Rejection price action is starting to form at R61.
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  • #29,414
  • Apr 25, 2019 1:29am Apr 25, 2019 1:29am
Quoting Davit
Its interesting one bad day and the army of noobs fly away as easily as they came. Sadly this industry attracts lots of simple folks who blow their hard earned money without proper education and experience.
Not a bad thing. I have noticed an increase in new guys here over the last two or three weeks with really silly comments or questions. It was obvious most of them were looking for short cuts, not studying everything from page 1 till now.
But I am also still new here. Started with this system at the beginning of the year only. Stilll at a point where I rather read than talk. My pips count so far has been
January : Loss of 1047 pips
February : Profit of 2064 pips
March : Profit of 3591 pips
April : Loss of 6206 pips
Total till date : Loss of 1598

So yes, I am not ready to contribute here yet. However, I must say, out of the 71 days I was able to trade since the beginning of January, I made losses only on 9 days. What I did wrong during some of those nine days was to break two of my own rules. Those two rules are to bail out when my DD is at 200 pips and secondly not to stay in a trade if it starts trending and break through the 78 line. Just my rules. So far it has worked like a charm. I admit the big killer was yesterday. Lost 5100 pips. Yes, I will take all critism. It is deserved. But like I say, another lesson learned. Shouldn't have broken those two rules of mine.

What the system has learned me though, namely keep lotsizes small and rather use multiple entries has saved my butt, even when losing 5100 pips. So, yes, I felt bad yesterday, for about 5 minutes, because of my own stupidity. This morning I am back at it though. Still confident, still motivated by all your successes, still staying strong and still battling on. And I won't break my two rules again. Green pips to you all.
  • #29,415
  • Apr 25, 2019 1:32am Apr 25, 2019 1:32am
For those who do not believe in market manipulation, we are now witnessing it live. The dollar continues to rise without any reason as well as OIL. It is typical of market makers to take advantage of the moments of less liquidity sending prices in their direction (I see that periodically in the last 9 years of trading). I see damage coming to the horizon

My question is ... who really wants this so strong dollar??
Trade What's Happening... Not What You Think Is Gonna Happen
  • #29,416
  • Apr 25, 2019 1:47am Apr 25, 2019 1:47am
Quoting ToddyS2K
For those who do not believe in market manipulation, we are now witnessing it live. The dollar continues to rise without any reason as well as OIL. It is typical of market makers to take advantage of the moments of less liquidity sending prices in their direction (I see that periodically in the last 9 years of trading). I see damage coming to the horizon My question is ... who really wants this so strong dollar??
In addition, it looks to me like a stops clearing, where's Trump with his tweet of weak dollar
  • #29,417
  • Apr 25, 2019 1:49am Apr 25, 2019 1:49am
Throughout history people never learn..

I was reading through the thread as I was told by a good trader about it. Joined and was shocked at the amount of people who either dont listen or dont read.

As Davit says we don't trade the CHF.. Post 29,403 EURCHF trade with 7 likes. Do any off them listen.. Even if the trade worked out.

What everyone should look at, is why has the EURUSD gone though the S100 zone.

Counter trending is not for those with little experience. Sit back open the EURUSD and study it. Why did it go through all the Support zones.
I'll leave this thread now as I don't trade this method but just wanted to say LISTEN, WATCH, LEARN.

Davit is a good trader. A very good one after looking through all this thread in my spare time but you wont be as good as him if you DON'T LISTEN.

Stop trading now as its gonna be hell next week with spikes with the Japanese on a long holiday break.
That will be time to MEGA study. open each chart and figure why it counter trended at a certain level and why some didn't.

Your success rate will explode.
  • #29,418
  • Apr 25, 2019 1:53am Apr 25, 2019 1:53am
NC hammered at s61 and currently pushing through DO
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  • #29,419
  • Apr 25, 2019 2:00am Apr 25, 2019 2:00am
Quoting Davit
Its interesting one bad day and the army of noobs fly away as easily as they came. Sadly this industry attracts lots of simple folks who blow their hard earned money without proper education and experience. If they only knew success is just around the corner..... There is learning curve in Forex.Takes 5yrs minimum to become proficient and consistent profitable.Most gave up by 2nd year or just run out of funds. 95% losers in the industry is true only for those less then 5yr experience.Adds get better after 5yrs.This part is crucial to understand...
Naaah, give me a naked woman, I'll start there
  • #29,420
  • Apr 25, 2019 2:01am Apr 25, 2019 2:01am
Mate i am not here to Challenge your post but to correct you if you will believe and permit me to do so, this is not market manipulation as you think everything is going according to programmed, i once said it in one of my post that trading is pure computer programming and that Euro will fall to 1.10 or 1.09 to complete the move, if you want me to give more light on this then let me know then i will take a picture of the chart to explain more better, but my advice is to buy any of the majors as more as you can from this point dollar is going to fall up to 150 pip or more before going up again.
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