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Pivot Trading

  • #36,721
  • Apr 23, 2020 9:59am Apr 23, 2020 9:59am
Quoting Mundo
Personally, had a UC trade hit tp. Holding a bit of DD with some, while some in profit. Will hold some to 1.40500 others to WP. Of course if market shows something else I will adjust. Remember...anything can happen.
Done.
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Invest in Life
  • #36,722
  • Apr 23, 2020 11:39am Apr 23, 2020 11:39am
Quoting Davit
{quote} Hi GE I sense a little frustration on your part. DD happens in fact I got some.Chill out and wait out if losses needed then needs to be addressed if you can hold I do anticipate UC dropping substantially soon.
Davit , you nailed it once again my man.
UC dropped substantially and my UC trades are all closed with a 9.4% gain.
Just when I needed that mental pick me up , you were there. For the first time in a long time I was indeed getting impatient with that trade. Just seemed to have "crept into my head" , especially with the sudden significant downturn with oil.
One of Mundo's posts also helped me to stay with it.
Thanks again ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #36,723
  • Apr 23, 2020 3:10pm Apr 23, 2020 3:10pm
Trades closed today
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In trading, you have to be defensive and aggressive at the same time
  • #36,724
  • Apr 23, 2020 4:26pm Apr 23, 2020 4:26pm
Quoting Davit
Trades closed today {image}
And even with a bad shoulder....
Trade with confidence, trade without fear.
  • #36,725
  • Apr 23, 2020 4:49pm Apr 23, 2020 4:49pm
Quoting Davit
"Rebirth" Inspiration is we are going inwards for renewal of life.Everyone home plenty of time questioning our purpose in existence.Time out from rat race... Symbol in the middle is Armenian or Aryan symbol of eternity eternal light and prosperity which is shared in Hindu cultures as well {image}
Hi Davit. Looking at the other paintings that you posted I couldn't tell that you were a cubist like Braque and Picasso
  • #36,726
  • Apr 24, 2020 1:40am Apr 24, 2020 1:40am
Quoting Davit
"Rebirth" Inspiration is we are going inwards for renewal of life.Everyone home plenty of time questioning our purpose in existence.Time out from rat race... Symbol in the middle is Armenian or Aryan symbol of eternity eternal light and prosperity which is shared in Hindu cultures as well {image}
Out of rat race ... it really feels like one, all the masses of people wanting something, and often the wrong things, but in the end all the same ... a paradoxon to which is no solution, if not for planting reason into every individual - an impossible task for humans.

Life is really not about surviving the storm, but learning how to dance in the rain.
Fix up, trade sharp ...
  • #36,727
  • Apr 24, 2020 7:59am Apr 24, 2020 7:59am
Quoting Hutch
{quote} Hi Davit. Looking at the other paintings that you posted I couldn't tell that you were a cubist like Braque and Picasso
I dont box myself.Have done lot of abstractions and realistic works.Thank up for looking

Nothing moving.Very dull day just like Friday weather in Boston cold rainy grey

Long on EU now
Roaster a woodcut
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In trading, you have to be defensive and aggressive at the same time
  • #36,728
  • Apr 24, 2020 8:03am Apr 24, 2020 8:03am
Quoting Davit
{quote} I dont box myself.Have done lot of abstractions and realistic works.Thank up for looking
Not sure if I ever told you my father was a painter and gold smith by profession. This is probably why I have always admired true art, as it is a form of real expression of being without worrying about all the nonsense artificially created ... just noticed the use of the word "artificially" here!

How is your shoulder?
Fix up, trade sharp ...
  • #36,729
  • Apr 24, 2020 8:22am Apr 24, 2020 8:22am
EA trade failed yesterday. Today I just opened this trade. Risking 1% for 5%.
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We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #36,730
  • Apr 24, 2020 9:22am Apr 24, 2020 9:22am
@ Davit,
Just a thougth Davit, coz i know your not keen on other indicators/Dashbored (not that i could do it)but have you ever thougth off Having a Dashbored made with were the pivots are on the forex pairs with an alarm say at the 61%/100%.
  • #36,731
  • Apr 24, 2020 10:16am Apr 24, 2020 10:16am
Quoting PipHunter92
EA trade failed yesterday. Today I just opened this trade. Risking 1% for 5%. {image}
When trading higher ADR pairs you should reduce position size
There should be breathing space for trade to take hold.
In trading, you have to be defensive and aggressive at the same time
  • #36,732
  • Apr 24, 2020 10:17am Apr 24, 2020 10:17am
Quoting stu48
@ Davit, Just a thougth Davit, coz i know your not keen on other indicators/Dashbored (not that i could do it)but have you ever thougth off Having a Dashbored made with were the pivots are on the forex pairs with an alarm say at the 61%/100%.
Not sure but not interested.Its not hard for me keeping 5-8pairs in check.If you can't be there at screen monitoring trades set ups then dashboards are useless.
To me trading is work.When I am working I am actively engaged what market is doing.If I can't be at screen then I can't trade period.
In trading, you have to be defensive and aggressive at the same time
  • #36,733
  • Apr 24, 2020 10:23am Apr 24, 2020 10:23am
Quoting Hickson
{quote} Not sure if I ever told you my father was a painter and gold smith by profession. This is probably why I have always admired true art, as it is a form of real expression of being without worrying about all the nonsense artificially created ... just noticed the use of the word "artificially" here! How is your shoulder?
Minor improvement on pain but mobility sucks.No change there.
Love motorcycling and I am afraid may not be able to ride.Prospect of this depresses me more. Feel free to post your Dad's work.I am interested.

Basically scalping now.Almost up 300 just doing that.Big boys are gone today so not expecting big moves.

On Crude starting in May should go up with it CAD gaining finally dropping below 1.40 for good
In trading, you have to be defensive and aggressive at the same time
  • #36,734
  • Apr 24, 2020 12:17pm Apr 24, 2020 12:17pm
Quoting Davit
{quote} Not sure but not interested.Its not hard for me keeping 5-8pairs in check.If you can't be there at screen monitoring trades set ups then dashboards are useless. To me trading is work.When I am working I am actively engaged what market is doing.If I can't be at screen then I can't trade period.
So true. I was reminded of that brutally. Thought I could do some intraday trades while working on other stuff. Well, lots of trades where no profit was taken, but the market changed, went against me ... tons of trades up 1 or 2 R ending up losers.

Only chance for me: D1 and intraday only when complete off days. Otherwise it just does not make any sense.

Quoting Davit
{quote} Minor improvement on pain but mobility sucks.No change there. Love motorcycling and I am afraid may not be able to ride.Prospect of this depresses me more. Feel free to post your Dad's work.I am interested. Basically scalping now.Almost up 300 just doing that.Big boys are gone today so not expecting big moves. On Crude starting in May should go up with it CAD gaining finally dropping below 1.40 for good
Good you are feeling better. Can relate to the depression of not doing your favorite sports any longer - was the same for me with basketball. But we are blessed with a lot of interests, so they can replace that. Not sure about posting the work ... first I would need to take a picture and second I do not own any of his works - they are all sold or taken by "family and friends" - long and sad story, so I leave it at that.
Fix up, trade sharp ...
  • #36,735
  • Apr 24, 2020 1:54pm Apr 24, 2020 1:54pm
[quote=Hickson;12899941]{quote} So true. I was reminded of that brutally. Thought I could do some intraday trades while working on other stuff. Well, lots of trades where no profit was taken, but the market changed, went against me ... tons of trades up 1 or 2 R ending up losers. Only chance for me: D1 and intraday only when complete off days. Otherwise it just does not make any sense. {quote} Good you are feeling better. Can relate to the depression of not doing your favorite sports any longer - was the same for me with basketball. But we are blessed with a lot of interests, so they can replace that. Not sure about posting the work ... first I would need to take a picture and second I do not own any of his works - they are all sold or taken by "family and friends" - long and sad story, so I leave it at that.[/quote
High possibilit to EU next weekend run on North,lets see forex factory news next week,below 1,06000 is a deadly sin..
  • #36,736
  • Apr 25, 2020 4:08am Apr 25, 2020 4:08am
Quoting Davit
{quote} Minor improvement on pain but mobility sucks.No change there. Love motorcycling and I am afraid may not be able to ride.Prospect of this depresses me more. Feel free to post your Dad's work.I am interested. Basically scalping now.Almost up 300 just doing that.Big boys are gone today so not expecting big moves. On Crude starting in May should go up with it CAD gaining finally dropping below 1.40 for good
You know why DAVIT oil won't go up so fast? Because the street is interested in buying oil! I hear from neighbourhood buy oil buy oil... The street can't enter at lows.. yes they can but "payments for positions are there There is everywhere advertisements to buy OIL. The scams of forex recommend buy OIL. Yes So in my oppinion OIL will rise but not so fast. Maybe half year? Because street are oppening lot of forex accounts in brokers etc, people are buying OIL and PAY for contract ROLLING! The market of resources is different from forex. I think they will keep people at low levels to pay for rolling for some half year and then raise. Thats just my oppinion. Regards.
  • #36,737
  • Apr 25, 2020 7:30am Apr 25, 2020 7:30am
Davit, i just wanted to say thank you! I have always attained consistency trading weekly pivots (for 3 years now), but my monthly returns were always 2-3%, which is still incredible but not reaching full potential. Recently you mentioned targeting 0.5% per day. I started to trade the last two and half weeks with that daily target in mind, while also reducing my holding time of trades (which significantly reduces exposure in this unpredictable market climate). I'm up 6.1% thus far this month, with a week still to go! It's been a light bulb period for me! So a true and sincere thank you from across the pond!

With that said, EC was my baby this week, shorted earlier in the week and then took a long on Friday to attain my targets!
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  • #36,738
  • Apr 25, 2020 9:33am Apr 25, 2020 9:33am
Quoting dobrakaloria
{quote} You know why DAVIT oil won't go up so fast? Because the street is interested in buying oil! I hear from neighbourhood buy oil buy oil... The street can't enter at lows.. yes they can but "payments for positions are there There is everywhere advertisements to buy OIL. The scams of forex recommend buy OIL. Yes So in my oppinion OIL will rise but not so fast. Maybe half year? Because street are oppening lot of forex accounts in brokers etc, people are buying OIL and PAY for contract ROLLING! The market of resources is different from...
Thank you for your input.I think oil reaching 25 in MAY very probable.That's all I need to hit my targets on CAD
In trading, you have to be defensive and aggressive at the same time
  • #36,739
  • Apr 25, 2020 9:38am Apr 25, 2020 9:38am
Quoting langtoni
Davit, i just wanted to say thank you! I have always attained consistency trading weekly pivots (for 3 years now), but my monthly returns were always 2-3%, which is still incredible but not reaching full potential. Recently you mentioned targeting 0.5% per day. I started to trade the last two and half weeks with that daily target in mind, while also reducing my holding time of trades (which significantly reduces exposure in this unpredictable market climate). I'm up 6.1% thus far this month, with a week still to go! It's been a light bulb period...
You welcome
To improve your gains even more you should rate your trades.Very your lot size based on quality of set up.
A+
A
B and stop there. A+ should get the max love highest risk you are willing to trade A less B lowest.
Example UC hitting 4250-43 is in my Book A+ hence will hit it hard. EC at 52 would be B hence lowest lot.
Once you master this you can hit 10-20% a month
Yes market is very much short shifted.Moves are short with lots of range and you know I love range.
Keep it up
In trading, you have to be defensive and aggressive at the same time
  • #36,740
  • Apr 25, 2020 9:51am Apr 25, 2020 9:51am
Results so far this month. Have some DD positions on AUD monitoring closely.AUD love will crash soon.
Got 1week to go.
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In trading, you have to be defensive and aggressive at the same time
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