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Pivot Trading

  • #33,321
  • Dec 18, 2019 11:18am Dec 18, 2019 11:18am
Quoting Davit
{quote} yes.Retiring is wrong word.Quitting the job
SO HAPPY FOR YOU!!!!!!!!!!!!!!!!!!!!!
  • #33,322
  • Dec 18, 2019 11:21am Dec 18, 2019 11:21am
Quoting Davit
{quote} yes.Retiring is wrong word.Quitting the job
I'm glad for you Davit for these decision was time , by the way EC look's good for starting to build long's!?
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  • #33,323
  • Dec 18, 2019 11:22am Dec 18, 2019 11:22am
biggest news on NZD today. Lets think RED
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In trading, you have to be defensive and aggressive at the same time
  • #33,324
  • Dec 18, 2019 11:23am Dec 18, 2019 11:23am
Quoting Davit
{quote} yes.Retiring is wrong word.Quitting the job
I’m sure I am not the only here looking forward to next year then that’s what my plan is in two years time. Happy for you Davit! Keep up your great work! Most of people on FF are waste of time. This thread is the greatest think I ever found online. Wasn’t posting much recently as I have moved the country. But once I settle down I will post a lot more regularly.

cheers
Luke
Money is a part of what turns you into who you are.
  • #33,325
  • Dec 18, 2019 11:24am Dec 18, 2019 11:24am
Quoting mizi123
{quote} I'm glad for you Davit for these decision was time , by the way EG look's good for starting to build long's!? {image}
You might of made a mistake EG if anything is short play and either way I am done trading GBP until things settle down
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In trading, you have to be defensive and aggressive at the same time
  • #33,326
  • Dec 18, 2019 11:26am Dec 18, 2019 11:26am
Quoting Davit
Hi guys just heads up on CAD CPI coming in the morning and basically only relevant event on it for the year.There is GDP on DEC 23 but I suspect wont matter from lack of liquidity. I suggest not buying CAD now. Oil going down and may break 60.CPI projection is negative. I am not shorting EC now will wait
i missed this post and it seems i'm not the only one, hopefully not many people took too many losses on CAD. i'm glad i waited for a clear signal.
Capital preservation, live to trade another day
  • #33,327
  • Dec 18, 2019 11:29am Dec 18, 2019 11:29am
Quoting koziolq
{quote} I’m sure I am not the only here looking forward to next year then that’s what my plan is in two years time. Happy for you Davit! Keep up your great work! Most of people on FF are waste of time. This thread is the greatest think I ever found online. Wasn’t posting much recently as I have moved the country. But once I settle down I will post a lot more regularly. cheers Luke
Thank you Luke please do contribute more when you can. My concept has always been elevating trading to higher level when we have great traders contributing.Why I basically eliminated beginner traders because they hold everyone back...
Here we are at life drawing class nudes not drawing cubes and apples!
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In trading, you have to be defensive and aggressive at the same time
  • #33,328
  • Dec 18, 2019 11:35am Dec 18, 2019 11:35am
very high probability trade AC long
I am in 3lots at 8984 Very high probability we'll see 90+again by Friday
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In trading, you have to be defensive and aggressive at the same time
  • #33,329
  • Edited 11:53am Dec 18, 2019 11:43am | Edited 11:53am
Why I love commodity pairs because of very predictable nature.Most range.When one of them gets too much love like NZD now then it gets beaten down again.Cycle continues. Most rookies chase account killers like GJ GN GA but miss the pink elephant in the room
Its not about distance its about profitable trades.I can load up example AC with low ADR knowing its not going to run away. Doing same on GJ and getting it wrong without SL you got yourself a receipt for failure.Rookies motivated by greed pros always think in terms of risk!Money is just by product of executing profitable low risk trades. Now you might be thinking what's low risk trades....that's where my system comes in!
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In trading, you have to be defensive and aggressive at the same time
  • #33,330
  • Dec 18, 2019 12:51pm Dec 18, 2019 12:51pm
Greetings Fellow Pivoteers,

For those of you still using the TMS_Angleator V3 - RT2 indicator, I'm not a programmer but I like to tinker with things. I didn't change the functionality of the indicator but I didn't like the appearance so I cleaned it up a bit. Enjoy & Seasons Greetings everyone.
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File Type: mq4 TMS_Angleator V3 - RT2 - PB.mq4   44 KB | 656 downloads
  • #33,331
  • Edited 2:45pm Dec 18, 2019 2:30pm | Edited 2:45pm
GDP was tiny bit better and whatever it is IMO already priced in so holding on to AN long and NU short to see where it goes until Friday.If I can't get lower number to get out of NU red trades then will take the loss.I do believe very likely we'll see 6520-50 by Friday
Have no intention to close AN.I am more interested getting out of NU
Keep in mind this data is hugely lagging. Its up to Sept.
New Zealand’s GDP expanded 0.7 percent on a quarterly basis in the three months to September 2019, up from a 0.1 percent expansion in the previous period to beat market expectations of a 0.6 percent rise. Growth was nudged by retail activity, up 2.4 percent (vs 0.8 percent in Q2) and boosted by spending on electronics such as appliances, mobile phones, and computers. Several GDP components rebounded in the third quarter, namely: primary industries 1.1 percent (vs -0.5 percent); manufacturing 0.6 percent (vs -1 percent), and construction 0.6 percent (vs -0.9 percent). In contrast, utilities contracted 0.2 percent after expanding 0.8 percent. On annual basis, activity rose 2.3 percent following a 2.1 percent expansion. GDP Growth Rate in New Zealand averaged 0.64 percent from 1987 until 2019, reaching an all time high of 2.80 percent in the third quarter of 1999 and a record low of -2.40 percent in the first quarter of 1991

Last Q could be dramatically worse since Trump trade war.That's gonna be released later 2020
In trading, you have to be defensive and aggressive at the same time
  • #33,332
  • Edited 3:44pm Dec 18, 2019 3:12pm | Edited 3:44pm
Since I am new to the club and therefore at the risk of becoming removed for getting in the way by my naive posts, I try to be more of an observer than contributor. But then again not to the extent I be tagged as a lurker.

Why I decided to go long on EA:

EUR PMIs are all pointing towards a better months ahead, yesterday's German's Claimant made it, at least for the time being, more promising.

AUD, on the other hand, is already running away from some dark clouds and CBA's minutes were more than dovish. We'll have AUD's employment data which has been "always" a market mover no matter what. I know projection is a beautiful positive figure, but I am here to react to events and not predicting them. In other words, if I find myself swimming in the opposite direction of the river's flow, then I'll close my positions and never look back on it again.

Since I'm newbie, I've already opened some micro lots "along the way" until I see a more promising PA on WP.

P.S. to decide another rate cut on February or not, RBA said they'd be watching data. This means big guys are more anxious than you and me; in other words we could see some dramatic moves in the next couple of weeks.

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If you can't measure it, you can't improve it!
  • #33,333
  • Dec 18, 2019 3:24pm Dec 18, 2019 3:24pm
Quoting josephcom
Since I am new to the club and therefore at the risk of becoming removed for getting in the way by my naive posts, I try to be more of an observer than contributor. But then again not to the extent I be tagged as a lurker. Why I decided to go long on EA. EUR PMIs are all pointing towards a better months ahead, yesterday's German's Claimant made it, at least for the time being, more promising. AUD, on the other hand, are running away from some dark clouds and CBA's minutes were more than dovish. We'll have AUD's employment data which has been "always"...
you have a less chance of getting removed if you would just use the indicators and templates provided here on this thread. Davit's trying to keep it consistent on this thread with all of the posts and examples.
  • #33,334
  • Edited 4:11pm Dec 18, 2019 3:59pm | Edited 4:11pm
Quoting josephcom
Since I am new to the club and therefore at the risk of becoming removed for getting in the way by my naive posts, I try to be more of an observer than contributor. But then again not to the extent I be tagged as a lurker. Why I decided to go long on EA: EUR PMIs are all pointing towards a better months ahead, yesterday's German's Claimant made it, at least for the time being, more promising. AUD, on the other hand, is already running away from some dark clouds and CBA's minutes were more than dovish. We'll have AUD's employment data which has been...
Sometimes it is important for you to examine the big picture. weekly and monthly chart.
Then you will understand what Davit teach about LOCATION and therefore less probability to go north than other cross you could to trade..
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  • #33,335
  • Dec 18, 2019 4:31pm Dec 18, 2019 4:31pm
FK yeahhh
Holding on to EA and long AC paid off massively!
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In trading, you have to be defensive and aggressive at the same time
  • #33,336
  • Dec 18, 2019 4:33pm Dec 18, 2019 4:33pm
Employment figures do not disappoint this time.

Here's to way to recovery of our AN Longs!

Glad that I also took AC longs, its a very high probability set-up as Davit already said in earlier post. EA reach my TP as well.
Fortune favors the brave.
  • #33,337
  • Dec 18, 2019 4:40pm Dec 18, 2019 4:40pm
Quoting Davit
FK yeahhh Holding on to EA and long AC paid off massively! {image}
nice. you hit the 2.
I am in also with AZ and AC.
holding short EA for long time too
i was considering 40k in my projection
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  • #33,338
  • Dec 18, 2019 4:40pm Dec 18, 2019 4:40pm
Quoting ppxdf
{quote} Sometimes it is important for you to examine the big picture. weekly and monthly chart. Then you will understand what Davit teach about LOCATION and therefore less probability to go north than other cross you could to trade.. {image}
Note taken! As usual I appreciate your sharing and caring...

P.S. I see a big lesson in your post. Seems super-important to me.
If you can't measure it, you can't improve it!
  • #33,339
  • Dec 18, 2019 4:41pm Dec 18, 2019 4:41pm
Quoting bojack34
{quote} you have a less chance of getting removed if you would just use the indicators and templates provided here on this thread. Davit's trying to keep it consistent on this thread with all of the posts and examples.
Thank you. I changed my template...
If you can't measure it, you can't improve it!
  • #33,340
  • Edited 5:22pm Dec 18, 2019 4:48pm | Edited 5:22pm
Quoting josephcom
Since I am new to the club and therefore at the risk of becoming removed for getting in the way by my naive posts, I try to be more of an observer than contributor. But then again not to the extent I be tagged as a lurker. Why I decided to go long on EA: EUR PMIs are all pointing towards a better months ahead, yesterday's German's Claimant made it, at least for the time being, more promising. AUD, on the other hand, is already running away from some dark clouds and CBA's minutes were more than dovish. We'll have AUD's employment data which has been...
You forgetting pink elephant in the room BREXIT
Lots of uncertainty and that includes Euro zone countries their PMI CPI GDP's
To me we may see massive dumping of Euro by the end of the year. Based on location and everything else going long EA before major news was big no.
anyway keep honing your skills

from 2016
The Importance of Mistakes

All automatic guidance systems reach their goals by constantly correcting mistakes. A
guided missile on its way to its target has sensors that detect when its off course. The guidance
mechanism then makes the necessary adjustment and proceeds. This is done thousands of times
on its journey. The guided missile relies on this negative feedback to guide it to its destination.
Without this negative feedback, a guided missile would actually not know where it was going
and would never reach its target. The same is true for the human servo-mechanism. It is
unfortunate that so many of us interpret mistakes as a failure and suffer feelings of frustration and
discouragement when actually the mistakes we make are exactly the information that our servomechanism
needs to make the necessary corrections to take us to our goals. Your servomechanism
has no opinion one way or the other about mistakes. It simply uses the information
to guide it to its objective. What we call mistakes are actually valuable lessons for success.
An important part of Psycho-Cybernetics is learning to use mistakes creatively and to remove the
negative feelings that mistakes cause.

above from book Emotion free trading (clipoard -Davit's philosophy)

Oct 2016

This is from PDF on clipboard under Davit's Philosophy.Obviously changed the title for copy rights reasons

Chapter 24
FORGIVENESS
One of the biggest problems I see with traders is that they refuse to forgive themselves for
trading mistakes. This causes a much bigger problem than most people realize. You see, when
you make a trading mistake, you need to forgive yourself for making that mistake.
But the thing is many people do not forgive themselves for their mistakes. In fact, they
do quite the opposite. They beat themselves up and continually picture what they did wrong in
vivid detail. This is the very worst thing you can do after making a mistake, trading or otherwise.
Forgiveness is a key concept in Psycho-Cybernetics. As weve just learned about how
our subconscious works, we know that if we continually picture in vivid detail something, it
causes that picture to come true for us. Or it at least makes it much more likely for it to come
true. So it only makes sense that if we make a mistake, we must forget that mistake and forgive
ourselves completely. If, on the other hand, we dont forgive ourselves and relive the mistake in
our minds again and again, what do you think is going to happen?
Its obvious that we will repeat the mistake. This happens because our subconscious does
not care whether we give it good or bad information, it simply sees the clear pictures we give it
and tries to act it out in our lives. Obviously, it can only act this picture out if its within our
capabilities. And I think we all know that making trading mistakes is quite within our
capabilities.
This is the reason it is so important to forgive ourselves when we make a mistake or an
error. If we dont, we are likely to relive the mistake in our minds and then most likely project it
onto our trading. This will cause big problems.
If you think back, Im sure can you think of times where you made mistakes and beat
yourself up for it. Not forgiving yourself, no matter what the mistake, will bring out the worst
emotions. Remorse, regret, self-doubt, and guilt all come with not forgiving ourselves for a past
mistake.
Youve heard it all before. Im sure youve been told to forget a past losing trade and
move on to the next one. Emotions are used correctly and appropriately when it applies to
something in the present time. Since we cannot live in the past, we cant appropriately react
emotionally to the past.
As Dr. Maltz says, The past can be simply written off, closed, forgotten, insofar as our
emotional reactions are concerned. We do not need to take an emotional position one way or the
other regarding detours that might have taken us off course in the past. The important thing is
our present direction and our present goal. We need to recognize our own errors as mistakes.

Otherwise, we could not correct our course and steering or guidance would be impossible. But it
is futile and fatal to hate or condemn ourselves for our mistakes.
One of the biggest reasons people get into losing streaks while trading is because they
confuse their losing trades with themselves. In other words, we conclude that because we had a
losing trade or a series of losing trades, we are a losing trader.
But the important thing to remember here is we are not our losing trades. Losing trades
are part of trading. There isnt a single trader in the world who doesnt have losing trades. The
only way to avoid them is not to trade in the first place. You cannot be a successful trader until
you take mistakes and losing trades for what they really are. They are simply by-products in the
trading game and need to be used to gain learning and understanding. But in no way do they
define us as a person.
But that is where the big problem comes in. Many people let their losing trades and
mistakes define them. If they're having trouble and have had a series of losing trades, they start
to think of themselves as a loser. They continually think of themselves in that way. As we know
from before, this kind of thinking will just bring on more of the same.
Forgiving yourself completely is the only way to avoid this trouble. You are not your
mistakes and losing trades. You must put the past behind you and go forward. Holding a grudge
against yourself only hurts yourself. Forgive yourself, its the only way to be successful.

Above its extremely important paradigm shift how you see trading and how you see mistakes and losers.To me its where one should be ideally or strive to reach.Once you truly grasp probability factor of my system then a loser is just a statistic by product of sample..Its all probability over series of trades and like MD says on my 1st page "You don’t need to know what is going to happen next in order to make money." Its so simple and profound same time.I still get chills reading simple things like this by Mark Douglas
In trading, you have to be defensive and aggressive at the same time
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