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My Pivot Trading challenge

  • #1
  • First Post: Edited 10:53am Apr 27, 2020 8:34am | Edited 10:53am
From 464.95 $ to 26ī189ī776.80 $ This is the goal. Gaining 20% monthly for at least 5 years. I started the challenge on 1 April 2020 and was using Wordpress to keep the journal. The problem is that it's messy and I can't see very well the charts published. If you want to check the link HERE. So I will try to import all my trades of this month and keep updating this thread instead to see the charts more clearly. I trade usually 1 hour per day and 1 trade per day. My trades are swings, so they can last several days to 1-2 weeks maximum. This month I closed some trades on the weekend because the news can change the logic behind my trades. I will update shortly all the trades and today's new trade. A buy on USDJPY.

If you have any questions about the system I use in my trading refer to Davit's thread. All the credits go to him.
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #2
  • Edited 10:53am Apr 27, 2020 8:37am | Edited 10:53am
01 April 2020
This shows not only the trade but even the date. My trade just started. Itīs not an AAA+ trade but still, I am risking a little more than 3% to get a little more than 10%. The first step is the most important one.

06 April 2020
Trade closed with a total gain of 9%. Today it moved a little. Now open only trade #4. Usdjpy sell order
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 1.JPG Size: 185 KB
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #3
  • Edited 10:54am Apr 27, 2020 8:39am | Edited 10:54am
02 April 2020
Today we have an AAA+ Trade. The price shows rejection under R72. The win ratio is not so good, but I am confident in the trade setup. Riskin little more than 2% to gain a little more than 5%. The first trade is not yet closed. I will update it at the moment it closes.

03 April 2020
Trade closed manually at entry . 2 days no movement. I can’t afford to find surprises Monday because governments make changes.
P.s( Trade would have gone to TP after 1 week. Closing it was a loss for me.)
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 2.JPG Size: 125 KB
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #4
  • Edited 10:53am Apr 27, 2020 8:41am | Edited 10:53am
03 April 2020
Here is trade #3. I waited for the release of NFP today, that’s why the trade is so late. Setup is pretty good AAA+. The first trade is near TP, at the moment is +300 pips. The second trade is still at place -20 pips at the moment I am writing the post. Have a great weekend and happy pips to all.

03 April 2020
Trade closed manually at entry. small movement but I can’t afford to find surprises Monday because governments make changes during weekends.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 3.JPG Size: 118 KB
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #5
  • Edited 10:53am Apr 27, 2020 8:42am | Edited 10:53am
06 April 2020
We have our first trade of the week or trade #4. It is a very good setup. It looks like the Usdjpy pair failed to make new highs during the London time. Its now 17:15 GMT and this pair has good probability going down.

13 April 2020
Closed finally after a week in TP. total gain – commissions(swap) = 4.5%
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 4.JPG Size: 98 KB
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #6
  • Edited 10:54am Apr 27, 2020 8:43am | Edited 10:54am
Trade #5 07 April 2020
This is the new trade. Risking 2% to gain 10%. I was not very convinced by the support but still it is valid as an AAA+ trade. Fits all the criteria of my trading system. We have the trade of yesterday still open +20 pips, 1% in profit but far from the target. Letīs see how this week will be.

08 April 2020
Trade stopped. Loss of -2.1 %. 8 hours ago it was gaining 4%. I stuck with the plan and trade closed for a loss.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 5.JPG Size: 107 KB
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #7
  • Edited 10:54am Apr 27, 2020 8:45am | Edited 10:54am
Trade #6 08 April 2020
Trade #6. The rejection of the resistance is strong. A bit late to the move but still the odds are in my favor. Risking 3% to gain 6%. Trade #5 was closed for a 2.1% loss after looking very good. It was gaining 4% last night. Trade#4 still positive but moving too slowly. It needs still another 50 pips to go to TP.

15 April 2020
Trade closed for a good profit. Almost 8%.
Attached Image (click to enlarge)
Click to Enlarge Name: trade 6.JPG Size: 106 KB
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #8
  • Edited 10:55am Apr 27, 2020 8:47am | Edited 10:55am
Trade #7 09 April 2020
This is trade #7. Cad gaining from the Oil production cuts so it is a risky trade. The fact that my system is technical and this trade has the edge I am in. Entered only half my trade. Risking 1% to get close to 3.9%. If the PA shows support here I will add the other half of the trade.

10 April 2020
Entered the second trade today. Price is still there, no new lows so the trade is valid and a good setup.

13 April 2020

Both trades closed with a loss of 1.5%.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 7.JPG Size: 115 KB
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #9
  • Edited 10:55am Apr 27, 2020 8:49am | Edited 10:55am
Trade #8 10 April 2020
This is my trade today. Gbp costs a little more in margin and risk/profit. Risking 3.2% to gain 18%. This trade can go on for some weeks.

13 April 2020

Trade closed with loss.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 8.JPG Size: 108 KB
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #10
  • Edited 10:55am Apr 27, 2020 8:51am | Edited 10:55am
Trade #9 13 April 2020

Today Cad moved a lot. Our trade USDCAD got stopped. Total loss of 1.5%. GBPAUD got stopped with a loss of 3%. USDJPY closed at tp at 4.5%. So this is the new trade for today. Letīs see if it’s a win.

13 April 2020

Trade closed in a couple of hours with a loss.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 9.JPG Size: 134 KB
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #11
  • Edited 10:55am Apr 27, 2020 8:51am | Edited 10:55am
Trade #10 14 April 2020

Trade #10. The stop is small because if it makes new high there is no sense being in the trade. About trade #9 that closed fast in 2 hours. Today its near TP. The price barely touched SL and bounced from there. It was painful seeing it today going well as a trade.

14 April 2020

Trade closed with a loss of 1.2%. The trend is strong. The trades’ setup was not so good.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 10.JPG Size: 97 KB
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #12
  • Edited 10:55am Apr 27, 2020 8:53am | Edited 10:55am
Trade #11 15 April 2020

Trade #11. Last week trade was very near to take profit. Last day trade in loss. This is the same trade of 2 weeks ago, price a little bit lower.

17 April 2020

I did not notice that the trade was closed at entry. Moving the stop was a bad idea. Only today the trade should have been more than 200 pips in positive.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 11.JPG Size: 113 KB
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #13
  • Edited 10:56am Apr 27, 2020 8:54am | Edited 10:56am
Trade #12 16 April 2020

This is trade #12. As far GBP is the only moving currency at the moment. All other markets are staying in place or in range. Risking 2% for more than 12%. Excellent ratio if this is the top of this market.

20 April 2020

Trade closed in TP this morning with a gain of 9.5 % net gain. With this trade, we are done for the month. Archived now 22%. All new trades from today till the last day of the month will be half size. I can’t say no to trading but will do all necessary to not touch the gains done until now.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 12.JPG Size: 125 KB
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #14
  • Edited 10:56am Apr 27, 2020 8:54am | Edited 10:56am
Trade #13 17 April 2020

Trade #13 is EurJpy. In the last 24 hours it seems like it has stopped going south. Very good probability that its the end of the downtrend. Risking 2% to gain at least 6%. Last trade is doing well. Near TP of 10%. If that closes in TP, I archive successfully the target for the month.

20 April 2020

Closed trade at entry. No gain or loss. Moving too slow. Target archived for this month.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 13.JPG Size: 117 KB
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #15
  • Edited 10:56am Apr 27, 2020 8:55am | Edited 10:56am
Trade #14. Bonus trade

This is a bonus trade. I have already archived the monthly bonus. Gained 22% yesterday. So from today until the end of the month our trades are half the original ones. Opened this today as bonus trade 1. Risking only 1% to fain 2.3%. Very interesting the fact with oil yesterday. For the first time in history. USOIL futures of may 2020 went to -40$/barrel. This seems like we are heading towards another economic crisis. Be safe people.

23 April 2020

Oil still down, but the trade was closed in TP of 2%.
Attached Image (click to enlarge)
Click to Enlarge Name: trade 14.JPG Size: 118 KB
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #16
  • Edited 10:56am Apr 27, 2020 8:57am | Edited 10:56am
Trade #15 & #16. Bonus trade 22 April 2020

Today we have 2 great setups. Both in GBP so entered in both of them with half size. GBPJPY is a great setup but early entry. Eurgbp is a good probability trade but not so sure about the strong bullish trend. It’s a counter-trend trade.

22 April 2020

Both trades closed in negative. Total loss of 1%. The first bonus trade opened yesterday is still open and in profit of 1% now. Still 40 pips far from TP:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Trade 15.JPG Size: 115 KB
Click to Enlarge Name: Trade 16.JPG Size: 109 KB
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #17
  • Edited 10:56am Apr 27, 2020 8:58am | Edited 10:56am
Trade #17. Bonus trade 23 April 2020

Very good Risk Reward ratio. A bit early as a trade but Price action is already showing rejection at this level.

Trade closed in stop loss.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 17.JPG Size: 98 KB
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #18
  • Edited 10:57am Apr 27, 2020 8:59am | Edited 10:57am
Trade #18 Bonus trade 24 April 2020

This is our trade today. Already closed in SL. Lost 1%
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.JPG Size: 98 KB
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #19
  • Edited Apr 28, 2020 4:29am Apr 27, 2020 9:00am | Edited Apr 28, 2020 4:29am
Trade #19 Bonus Trade 27 April 2020

This is the trade of today. USD should show some strength, but very risky setup. Risking 0.8% for 2 %. Let’s see

28 April 2020.
Trade closed in a stop loss of 0.7%.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 18.JPG Size: 97 KB
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #20
  • Apr 28, 2020 8:31am Apr 28, 2020 8:31am
Trade #20 Bonus trade

Yesterday's trade was near TP and today closed in SL. Patience. Today we have an overvalued AUD for weeks. And GBPAUD seems a good setup A+. Risking 1.5% for 5%. Enjoy and happy pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 20.JPG Size: 91 KB
We are what we repeatedly do. Excellence, then, is not an act, but a habit
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