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Pivot Trading

  • #37,221
  • May 22, 2020 2:17am May 22, 2020 2:17am
Reminder when not sure about USD trade none USD pairs.Often none USD pairs are more predictable.
In trading, you have to be defensive and aggressive at the same time
  • #37,222
  • May 22, 2020 3:43am May 22, 2020 3:43am
Quoting renkotop
Spike EU- going short Spike UC- going long
Both trades Exit in good Profit.
  • #37,223
  • May 22, 2020 4:58am May 22, 2020 4:58am
Quoting renkotop
{quote} Both trades Exit in good Profit.
Got a good one on EU short, but again exited really too early.

I know a profit it's a profit, however I have to work heavily on this aspect for I leave on the table too much.
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Porta itineris dicitur longissima esse
  • #37,224
  • May 22, 2020 6:02am May 22, 2020 6:02am
Quoting bubincka
{quote} Got a good one on EU short, but again exited really too early. I know a profit it's a profit, however I have to work heavily on this aspect for I leave on the table too much. {image}
Davit did write to my orders: "You got to work on your impulses.You have history of early unnecessary entries".
At the end he was Right.

Renko
  • #37,225
  • May 22, 2020 7:11am May 22, 2020 7:11am
Quoting renkotop
{quote} Davit did write to my orders: "You got to work on your impulses.You have history of early unnecessary entries". At the end he was Right. Renko
Hi Renko,

I suffer of both issues, early entries & early exits!

The good part is there's a lot of room for improvement.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #37,226
  • May 22, 2020 8:58am May 22, 2020 8:58am
Closed all my trades now. It was a nice week, with drawdown, but in the end it worked out quite well. My results for this week on my demo account:

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I know, its way to much risk. But its demo and I want to see how fast I could grow a very small account. I would never risk that much with an bigger account.

I could grow this demo account within 17 days already 73% now. I know the target is consistency and not huge profits, but still I need to see what is possible for me....

Thank you Davit for your guidance
  • #37,227
  • May 22, 2020 9:42am May 22, 2020 9:42am
I hope you all had a good week.
my week was a little complicated. Few trades. I still haven't managed to keep my $ 2000 / month target.
in fact, I am still in the process of recovering from my February and March losses
It is complicated without risk, with a balance of only around $ 10,000 (20% per month probably is too much)
Let's see if the coming weeks will be more promising.
After all, we are in the best spot in the FF, even with Davit a little absent.
I sincerely wish he is very well and come back soon
cheers !!
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  • #37,228
  • Edited 1:14pm May 22, 2020 11:02am | Edited 1:14pm
Hi guys
Very proud of you guysTrading well!Continue on.

Just to inspire you guys over 1500 today basically on precarious PA
Like I posted earlier I was not sure direction of USD hence got out of UC AU and focused on EC which was ranging and I have covered about range not going to go over again.
Stay focused!
EDIT over 2k today
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In trading, you have to be defensive and aggressive at the same time
  • #37,229
  • May 22, 2020 12:01pm May 22, 2020 12:01pm
Quoting kleybenny
Closed all my trades now. It was a nice week, with drawdown, but in the end, it worked out quite well. My results for this week on my demo account: {image} I know, its way to much risk. But its demo and I want to see how fast I could grow a very small account. I would never risk that much with a bigger account. I could grow this demo account within 17 days already 73% now. I know the target is consistency and not huge profits, but still, I need to see what is possible for me.... Thank you Davit for your guidance
It is good to work developing your strategy in the demo environment but the one key factor missing here is psychology when live money is at stake. You can from bubincka posts see that early entries and exits never seem to affect people much in the demo market but when real money is on the line it is a different situation.

From my experience growing an account rapidly should not be a GOAL because you can lose it just as quickly and to me, that is just gambling. Consistent returns over long periods should be a goal in my opinion.
  • #37,230
  • May 22, 2020 12:30pm May 22, 2020 12:30pm
Quoting skippyone
{quote} It is good to work developing your strategy in the demo environment but the one key factor missing here is psychology when live money is at stake. You can from bubincka posts see that early entries and exits never seem to affect people much in the demo market but when real money is on the line it is a different situation. From my experience growing an account rapidly should not be a GOAL because you can lose it just as quickly and to me, that is just gambling. Consistent returns over long periods should be a goal in my opinion.
Thank you for advice. You are fully right.
  • #37,231
  • May 22, 2020 12:37pm May 22, 2020 12:37pm
Probably one of my best days today this week - Clean and Cool - LOL - overall this week 11.39%
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  • #37,232
  • May 22, 2020 1:15pm May 22, 2020 1:15pm
Trade Explorer for the week - ok ... Not the Laser focus of Davit, however, improving every day. Trying every day to take emotion out of my trading. !.... Looking into Quantum Leap Theory! and Financial emotional freedom. I have plenty! I am blessed ! I can succeed ! with God's grace, Amen.. The Market will do what it will do I can only observe and react !. Thank the lord for his grace bringing me profit. See you all next week ....
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  • #37,233
  • May 22, 2020 2:12pm May 22, 2020 2:12pm
Quoting Davit
Hi guys Very proud of you guysTrading well!Continue on. Just to inspire you guys over 1500 today basically on precarious PA Like I posted earlier I was not sure direction of USD hence got out of UC AU and focused on EC which was ranging and I have covered about range not going to go over again. Stay focused! EDIT over 2k today {image} {image} {image}
Nice one Davit! I caught some of the ranging EC action too! Have a great weekend!
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  • #37,234
  • May 22, 2020 7:42pm May 22, 2020 7:42pm
For those still using TDI...When price heads south and reaches a point higher than its previous low and TDI went straight down to lower end...odds are it is a continuation of uptrend. Same on opposite if looking for a buy. See image as example (nothing to do with his trade it just was there). Go through your charts and see how this happens quite often.
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Invest in Life
  • #37,235
  • May 22, 2020 7:51pm May 22, 2020 7:51pm
I am going to post this portrait painting as perfect trading system. Yes Trading is an ART and all ARTS are related.
You might be wondering has shoulder injury drove Dave to insanity? No just follow me along for the ride you'll find it fascinating.

Before he begins he has basic drawing done.Get this wrong no likeness!
Trading equivalent 1.Structure of the market.Got this wrong nothing else will makes sense.

Here lays down background tones basic colors on the face.
Trading equivalent 2.Checks out news, events fundamental factors to support the structure.

Here More details does not make more realistic painting
Trading equivalent 3.Resist adding too many indicators it only clouds and skews price

Here When getting tired walk away to freshen the mind.
Trading equivalent 4. We get caught up in the trading pill that you must place a trade when conditions are not right.Take a walk clear your mind you'll see the market with fresh eyes and insight.Don't force trades.

Part of painting is always stepping back to see the whole thing.
Trading equivalent 5. Dont look at only 1min 5min 15min charts look at H4 Daily weekly as well.

Lastly my favorite "dont be afraid of dark colors"

Don't be afraid of the market!

Lastly painting is done and trade is placed!System is style of the painting the genre.All the elements combined and trade executed.Notice he is not afraid to paint!Rather relaxed about it.He has made thousands of mistakes and still does but does finish great paintings.That's what counts.Without trial and error there is no learning.Its the whole process!

See I told you its related!
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #37,236
  • May 22, 2020 8:05pm May 22, 2020 8:05pm
Quoting Davit
I am going to post this portrait painting as perfect trading system. Yes Trading is an ART and all ARTS are related. You might be wondering has shoulder injury drove Dave to insanity? No just follow me along for the ride you'll find it fascinating. Before he begins he has basic drawing done.Get this wrong no likeness! Trading equivalent 1.Structure of the market.Got this wrong nothing else will makes sense. Here lays down background tones basic colors on the face. Trading...
A powerful and beautifully laid out image.
Invest in Life
  • #37,237
  • May 22, 2020 8:28pm May 22, 2020 8:28pm
I am going to leave one last thought and its IMO essence of trading.

Remember I posed the question what if you used line chart what may constitute PA?

To me (have thought a lot about this) trading is momentum.Does not matter what system you use if you get this right everything clicks get it wrong it falls apart.
Within momentum there are events fundamentals news manipulations by MM but in its essence its momentum.
Work towards getting it right.

Example today I made over 1200 on EC purely on momentum PA
Have a great weekend.
In trading, you have to be defensive and aggressive at the same time
  • #37,238
  • May 23, 2020 9:19am May 23, 2020 9:19am
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,088 Posts | Online Now
Quoting Davit
I am going to post this portrait painting as perfect trading system. Yes Trading is an ART and all ARTS are related. You might be wondering has shoulder injury drove Dave to insanity? No just follow me along for the ride you'll find it fascinating. Before he begins he has basic drawing done.Get this wrong no likeness! Trading equivalent 1.Structure of the market.Got this wrong nothing else will makes sense. Here lays down background tones basic colors on the face. Trading...
Nice!
We obey the structure that results from the market's reaction
  • #37,239
  • Edited 10:29pm May 24, 2020 7:53pm | Edited 10:29pm
Quoting bubincka
{quote} Got a good one on EU short, but again exited really too early. I know a profit it's a profit, however I have to work heavily on this aspect for I leave on the table too much. {image}
Bubincka, would like to suggest some amendments to you to help to improve entries. I attach pic. Marked are important places. For momentum helps e.g. stoch 933. For area, attached SD indicator. You can use around pivots. Then 1H time frame, it is with much less noise.
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 II_SupDemMOD_WhiteBG_SolidFill.ex4   36 KB | 620 downloads
  • #37,240
  • May 25, 2020 4:00am May 25, 2020 4:00am
Quoting snail69
{quote} Bubincka, would like to suggest some amendments to you to help to improve entries. I attach pic. Marked are important places. For momentum helps e.g. stoch 933. For area, attached SD indicator. You can use around pivots. Then 1H time frame, it is with much less noise. {file} {image}
Hi snail69,

first, thank you very much for your suggestions.

Even if I'm convinced that the main reason behind early entry/exit is more psychological than technical I'll give it a try.

Then about the zone indicator you posted it should be good to have the source code, do you have it ?

Best regards,
Bubincka
Porta itineris dicitur longissima esse
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