Pivot Trading

Agreed, it’s just not enough to follow the calendar alone. Rather one has to keep abreast of current events and how that can affect certain pairs.

Closed EA nice gain,Below today results

I sent a PM link to my calendar and others for example so you get an idea and already said use search function to get more answers.
You are not going to understand Pivot trading in a day or week. Try a year and see how that goes.
Word of advise if what you tried before didn't work with you then why bring same attitude mentality again here.I am trying to steer you in right direction but you get ahead of yourself by firing way too many questions. Did you look at my calendar event example? Does not seem you did.
I can't make you a winner you got to be want it yourself and put work.

If you are smart enough you should check out senior Pivot members here what they do.Trust me you will learn a lot.

Waiting until stops clear and dumping begins.

Shorting GC
I think brexit is priced in

I can almost convincingly say there are more winner profitable traders here at Pivots then any other thread systems here.Its not arrogance ego boasting just facts
Off shoot ideas group of guys developing EA trading Pivots and doing well.Its inspired from here.My PM full of hundreds of testimonies of success stories.Why I even bother mentioning because people asking questions need to understand nothing is achieved without effort and work.That's the difference separating losers from winners. Get out of comfort zone and apply yourself!Don't shortcut does not work.You only doing disservice to yourself.

Davit, please! Stop judging me. How do I prove that I've changed? Forget that thread. Believe me, I'm trying so hard to get my head around. But if you're implying a "no question" rule, I will obey the rules cause I'm really serious about this thread and don't wanna get in the way.

The same way someone reacts to something they do not know will happen...

Be prepared. Rather than focusing on all things that might make trading complicated...focus on perfecting the trading method, on the things you do have control over.

Its not judging its observation.I asked you to do a calendar event analyses and you showed nothing.Why was that hard? I gave you example and links
and search on this thread gives 34pages!!!! of info
You telling me you looked and didn't get? what I was asking? Does not seem genuine response.

What I am looking for.Obviously market will do what it does and at times total opposite what you think but that's not why you do it.You do it so you are aware these events impact on pairs and that guides you in decision making process and helps you get in sink with the market.

I've been asked by my mentor, Davit, to do a calendar analysis. Since we're in the second half of the week, I think I can do a daily analysis for Thursday and Friday:

Thursday:
There will be President Lagarde’s first ECB meeting and the ECB will formally launch its long awaited strategy review. Although it's too early to judge, but even the thought of a change in the market sentiment can create some serious volatilities.

Also, again in EUR area, although industrial production figure may not appear to be important on its own, but since it can confirm the solidity of the latest PMI jump, it can be worth monitoring.

Friday:
The only figure worth watching is US retail sales. It is supposed to prove the continued private consumption growth. If not, a lot of traders will be disappointed!

Let's not forget UK election tomorrow and possible pound volatility.

Of course. Boris Johnson can get his Brexit deal through parliament before Christmas and in a year EU will divorce UK forever. Otherwise we'll see a second referendum where GBP will be the best movie to watch

For new and experienced traders joining us its important to understand where I am coming from. Mark Douglas had profound influenced on me and totally changed my view of the markets.When others see pain and suffering and loss I see the market as ever present opportunity to prosper.Its shifting from fear to opportunity from sure trade to probabilities.With this in mind lets refresh Mark Douglas gold nuggets

Winning and being a winning trader are two different things…
Anyone, and I literally mean anyone, even a 5-year-old child, can find themselves in a winning trade. It does not require any special skill to get lucky on any particular trade and hit a winner. All you have to do is open your trading platform and push a few buttons and if you get lucky, you can make a lot of money in a short amount of time.
As a result of the above, it’s natural for a trader who has not yet developed his or her trading skills to take the leap from “it’s easy to win” to “it can’t be that much harder to make a living from this”.
This is how many traders’ careers get started. Needless to say, it is also how they get on the path to losing a whole lot of money just as fast or even faster than they made it.
A winning trader has the mental skills to realize, understand and utilize the FACT that any particular trade he or she takes has basically a random outcome. That is to say, they cannot possibly know the outcome of that trade until it is over. The winning trader knows this and they also know that they must trade in-line with this belief over a large series of trades and ignore all the temptations and feelings that get kicked up on each trade they take. They are able to do this because they keep their eyes on the bigger picture. That bigger picture is the fact that IF they execute their method flawlessly, over and over, over a long enough period of time / series of trades, they will come out profitable.
Thus, do not mistake a winning trade for you being a winning trader, yet. A very easy trap to fall into.

Mental skills are the key to trading…
A key point that Mark Douglas really seems to want to drive into people is: Even if your method is a high-probability method, it’s the proper execution of that method that you need proper mental skills for. If you don’t have those mental skills, even a winning strategy will lose.
Mental skills are things like; staying focused on the process, on your method, and not worrying about the consequences if this trade goes wrong. If you don’t have the proper mental skills to stay positively focused on the process of trading; on doing exactly what you need to do when you need to do it without reservation, hesitation or fear, you will not make money in the market.
It’s critical to remember that no matter how good your technical method is at generating wining trades, turning those winners into a consistent income takes the ability to do or not do some things that the method can’t help us with. The method can’t force us to pre-define our risk, or with making the mistake of moving our stop closer and stopping us out prematurely, it can’t stop us from hesitating and getting in too late or from over-trading or from getting out too soon and leaving money on the table. No matter how good the method, if you make mental errors you will lose.
If you really boil down what Mark is saying by his comments on “mental skills”, it basically comes down to having ice-cold ‘blood in your veins’ discipline. Mental skills like discipline essentially means the ability to control yourself and especially your behavior / actions in the market against the CONSTANT TEMPTATION the market gives us. Essentially, as a trader, you are fighting against yourself to see which part of your brain has more control; the older, emotional and more primitive part or the more advanced logic and planning parts.

Technical price patterns aren’t designed to tell us what ‘will’ happen next…
Technical methods of any kind, price action included, are not designed to tell us what a market will do next. As Douglas says, they are designed to help us put the ODDS of success in our favor over a SERIES of trades. There are some profound psychological implications that go along with this fact…
The outcome of any particular signal is unique and random. There’s no way to know in advance the outcome of any particular signal or the sequences of wins and losses or over a series of trades. In other words, the nature of trading is random.
Douglas goes onto to describe something that may be a little difficult to understand at first, but that is critical for you to grasp if you want to make consistent money trading:
By accepting the random nature of trading I can produce consistent results…
Now, on the surface, it seems contradictory to say you can produce consistent results from something that is random in nature. However, let’s dig a little deeper…
Technical methods and patterns will give a trader the same advantage a casino has over any individual player. A casino has an “edge” for every game they offer. What a casino knows is that whilst any singular instance of someone playing their game might result in the player winning money or even hitting the “jack pot”, due to the edge they hold, over-time and over enough series of events, the casino will make a profit, and a large one at that. Remembering this point will help you make the transition from thinking in ‘certainties’ as I put it, to thinking in probabilities as Mark describes and as you should be thinking.
If you don’t integrate the randomness principle, you will find trading is the most frustrating endeavor you can undertake. You can only generate consistent returns by understanding that each trade is random and unique, and then taking that information and using it to control yourself after each trade. Do not get hung up on your last trade. Instead, focus on consistently trading your method over and over.
Frustration comes from expecting something our method can’t do. Technical methods find and identify patterns in collective human behavior, the problem is, the outcomes don’t always correspond with the pattern on a trade by trade basis. There doesn’t have to be a relationship with the outcome and pattern. There is no guarantee that this trade will be the exact same result as the last one, even if they look the same. Rather, the method only tells us that IF we use it consistently, then over a series of trades, we should be profitable.
Think in probabilities, not certainties…
Perhaps the point Mark Douglas is most famous for drilling into traders, is that you need to learn to think in probabilities.
We did discuss this a little earlier, but it’s critical to understand that there’s a random distribution of wins and losses over any sequence of trades. Traders who learn to think in probabilities do not experience the mental ‘trauma’ like those traders who haven’t learned to think in probabilities because they are not ‘expecting’ a winner on any given trade like those who don’t think in probabilities. Learning to think in probabilities releases your expectations from trades because you are focused on the results of the overall series of trades, not on the result of any given trade.
If you have a weighted coin that will be heads 70% of the time, you still don’t know the sequence of heads and tails, all you know is OVER TIME 70% of the flips will be heads.

Now think Pivots and this system is the platform that we operate rest is executing our Edge over series of trades and not being obsessed being right since remember outcome of the trade is random!!!!!

I took today EA and told you guys basically to do it as well.Made over 2k on this trade alone and it fit my system perfectly.Did not hesitate wobble procrastinate or FEAR.I executed my trade and let the market randomness provide the Edge outcome which my system is based upon. You take 100 trades 61-100 I bet you can nail 80% winners. That's it execution and mental knowledge and preparedness to act.

Once again, an excellent text as usual. Thank you Davit for your time, for your dedication. Certainly this text deserves to be in the book that DrForexMD was preparing about his trajectory in this thread.

This text should go on post #1 of every thread in FF.

And GJ is messing around soory Egbert i liked to quote myself

What do you mean?

My intention was to repost my results for predicted pairs on sunday, and instead of quoting myself i have quoted you, these was all

Gheorghe Zamfir a Romanian (country of my wife) Legend ... good to listen in trading sessions