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  • #1,701
  • Nov 8, 2020 1:30am Nov 8, 2020 1:30am
Quoting duskyboy
{quote} {image}
welcome to the thread
  • #1,702
  • Nov 8, 2020 1:39pm Nov 8, 2020 1:39pm
Quoting MaxDoom
{quote} To answer some of your questions from my perspective: My leverage is much lower than you are using, on indices I use 20:1 I don't carry losses, I use level entries generated by Pivot Prof so that I can enter the market where there is likely to be a price reaction, so I only need small stop-loss. Once my reason for entry is proven wrong - I get out example: if I believe that the D-PP will act as support and go long above it and it breaks down, then the whole basis of my trade entry was wrong - so I get out normally before the small SL is...
Thanks a lot, I'm trying to gain confidence on closing wrong trades. So far I'd say my winrate is relatively high so that I can close pending losses easily. Don't know if it's just luck (as I suppose) or I've truly understood the mechanism behind pivot points. What size is your typical SL? You close the trade manually as soon as you see it's going wrong or use a fixed pips amount when trade is opened?
Learn the market, then earn from the market
  • #1,703
  • Nov 8, 2020 11:58pm Nov 8, 2020 11:58pm
Morning campers!
  • #1,704
  • Nov 9, 2020 12:08am Nov 9, 2020 12:08am
Took a Long Dax then straight after a short at the open, a quick +14 and + 15 each way
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  • #1,705
  • Nov 9, 2020 12:16am Nov 9, 2020 12:16am
morning peeps

nice rejection of M-R1 Q-PP on the DAX would of made a nice trade

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  • #1,706
  • Nov 9, 2020 12:27am Nov 9, 2020 12:27am
Another quick Long above D-R2
Out +14
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  • #1,707
  • Nov 9, 2020 12:27am Nov 9, 2020 12:27am
Quoting Stev1929
Took a Long Dax then straight after a short at the open, a quick +14 and + 15 each way {image} {image}
nice charts
  • #1,708
  • Nov 9, 2020 12:31am Nov 9, 2020 12:31am
Quoting MaxDoom
{quote} nice charts
  • #1,709
  • Nov 9, 2020 12:31am Nov 9, 2020 12:31am
Short Dax below D-R2
SL to BE +20
Out +30
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  • #1,710
  • Nov 9, 2020 12:39am Nov 9, 2020 12:39am
Currently long DAX above H1-S1

got lots on my plate today

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  • #1,711
  • Nov 9, 2020 12:56am Nov 9, 2020 12:56am
I'm testing this indicator to guess the daily trend and so far it's working nicely. It's called Pivot Range. Basically, if first candle of the day closes above the pivot range (dotted blue line from previous day), it means the upcoming daily trend is UP. Same for short in the opposite direction of course. I trade mostly on the trend direction trying to pick some little retracement.
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Learn the market, then earn from the market
  • #1,712
  • Nov 9, 2020 1:01am Nov 9, 2020 1:01am
DAX - SHORT

below D-R2

EDIT: Closed 50% +19
EDIT: Closed remainder +2

Attached Image (click to enlarge)
Click to Enlarge Name: DAX 20-11-09 Aa.png Size: 32 KB

Attached Image (click to enlarge)
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Find out more about pivot trading and get the Pivot Prof Scanner for free here ► Pivot Prof - Trading An Edge
  • #1,713
  • Nov 9, 2020 1:02am Nov 9, 2020 1:02am
Quoting hakucaleno
I'm testing this indicator to guess the daily trend and so far it's working nicely. It's called Pivot Range. Basically, if first candle of the day closes above the pivot range (dotted blue line from previous day), it means the upcoming daily trend is UP. Same for short in the opposite direction of course. I trade mostly on the trend direction trying to pick some little retracement. {image}
good luck with that
  • #1,714
  • Nov 9, 2020 1:08am Nov 9, 2020 1:08am
Quoting MaxDoom
Currently long DAX above H1-S1 got lots on my plate today {image}
Same
  • #1,715
  • Edited 1:29am Nov 9, 2020 1:14am | Edited 1:29am
DAX - LONG

above D-R2 H1-PP
Dow making new high atm FTSE at D-R2

EDIT: Closed -2

Attached Image (click to enlarge)
Click to Enlarge Name: DAX 20-11-09 Ba.png Size: 20 KB

Attached Image (click to enlarge)
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  • #1,716
  • Nov 9, 2020 3:20am Nov 9, 2020 3:20am
No volume today. Do you use any indicator to detect momentum? How do you spot it?
Learn the market, then earn from the market
  • #1,717
  • Edited 4:32am Nov 9, 2020 4:06am | Edited 4:32am
DAX - SHORT

Okay that was a massive spike move - I would love to say I went above D-R2 but I was on a conf. call at the time.

Instead I have settled for a retrace of the 100% level, already banked 50% +72
EDIT: Closed remainder +48

Attached Image (click to enlarge)
Click to Enlarge Name: DAX 20-11-09 Ca.png Size: 30 KB

Find out more about pivot trading and get the Pivot Prof Scanner for free here ► Pivot Prof - Trading An Edge
  • #1,718
  • Edited 4:44am Nov 9, 2020 4:32am | Edited 4:44am
DAX - SHORT

Short below W-R2 H1-R1

EDIT: Closed 50% +110
EDIT: Closed remainder +92

Attached Image (click to enlarge)
Click to Enlarge Name: DAX 20-11-09 Da.png Size: 10 KB

Attached Image (click to enlarge)
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  • #1,719
  • Nov 9, 2020 4:47am Nov 9, 2020 4:47am
Quoting MaxDoom
DAX - SHORT Short below W-R2 H1-R1 EDIT: Closed 50% +110 EDIT: Closed remainder +92 {image} {image} Find out more about pivot trading and get the Pivot Prof Scanner for free here ► Pivot Prof - Trading An Edge
Brilliant trade Max, typically I missed both ways as was driving
  • #1,720
  • Edited 6:54am Nov 9, 2020 5:58am | Edited 6:54am
Dow - Short

below W-R2 H1-R1

EDIT Closed at 23% zone +242

Attached Image (click to enlarge)
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