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  • #2,321
  • Jan 12, 2021 5:00am Jan 12, 2021 5:00am
Quoting haribos
Morning chaps, made my 1 trade for the day. Gold short below D-R1 (1861), closed 50% +21, rest left with SL at BE. Max your method of taking 50% has helped me immensely - before I would either do the classic taking profit early as I wanted to bank some cash but then miss out on a massive run. Or I'd try and hold out for a big run and it would go back to BE - then I'd feel cheated I'd lost my profit so I'd keep it open and then end up getting stopped out. Trading for me is all about psychology, I know how to trade technically but to be successful...
How tight is your SL? It is almost impossible to avoid hitting tight SL (10 pips or less) with indices and gold.
Learn the market, then earn from the market
  • #2,322
  • Jan 12, 2021 5:51am Jan 12, 2021 5:51am
Less than 10, check out the posts from the other guys. They trade Dax a lot which is very volatile. You certainly have to pick the right moment which is where the pivots come in.
Nnom nnom
  • #2,323
  • Jan 12, 2021 5:58am Jan 12, 2021 5:58am
soon i see wave down on DAX
we are sitiing on W-PP . for now i am short. will see next ..
  • #2,324
  • Jan 12, 2021 7:07am Jan 12, 2021 7:07am
It would be interesting to see how you guys trade in a live session
Learn the market, then earn from the market
  • #2,325
  • Jan 12, 2021 7:33am Jan 12, 2021 7:33am
Plenty of live trades get posted on here by MaxDoom and Steve...
Nnom nnom
  • #2,326
  • Jan 12, 2021 7:51am Jan 12, 2021 7:51am
Yep but 99% are in profit. I'd like to see SL management, how many wrong trades before the right one
Learn the market, then earn from the market
  • #2,327
  • Jan 12, 2021 8:16am Jan 12, 2021 8:16am
Quoting hakucaleno
Yep but 99% are in profit. I'd like to see SL management, how many wrong trades before the right one
  • #2,328
  • Edited 9:33am Jan 12, 2021 9:21am | Edited 9:33am
Long Dax above W-PP
SL to BE
2nd trade today
EDIT: Out +29 at D-PP obvious target
Attached Image (click to enlarge)
Click to Enlarge Name: ss.png Size: 28 KB
  • #2,329
  • Jan 12, 2021 9:51am Jan 12, 2021 9:51am
Quoting Stev1929
Long Dax above W-PP SL to BE 2nd trade today EDIT: Out +29 at D-PP obvious target {image}
me still long. same price as your stev. soon will see one more leg up i think
trade safe
  • #2,330
  • Jan 12, 2021 12:35pm Jan 12, 2021 12:35pm
Long Dax from just below M-S1
SL to BE +10
Attached Image (click to enlarge)
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  • #2,331
  • Jan 12, 2021 12:46pm Jan 12, 2021 12:46pm
Quoting hakucaleno
Yep but 99% are in profit. I'd like to see SL management, how many wrong trades before the right one
Depends on how active you are each session. I, on average get 3-6 BE stop outs, and maybe 3 losses per session if im very active. I really only use a SL now to lock in the trade once its heading the right way, otherwise i kill it within 8 pips no question.
If you understand price action, momentum and add to that pivots as lines in the sand, you rarely come unstuck
  • #2,332
  • Jan 12, 2021 1:49pm Jan 12, 2021 1:49pm
Quoting Stev1929
Long Dax from just below M-S1 SL to BE +10 {image}
Out +51
  • #2,333
  • Jan 12, 2021 8:46pm Jan 12, 2021 8:46pm
Quoting Stev1929
{quote} Depends on how active you are each session. I, on average get 3-6 BE stop outs, and maybe 3 losses per session if im very active. I really only use a SL now to lock in the trade once its heading the right way, otherwise i kill it within 8 pips no question. If you understand price action, momentum and add to that pivots as lines in the sand, you rarely come unstuck
But with your pivot point lines what is your set stop loss if trade doesn't go your way
  • #2,334
  • Jan 12, 2021 8:49pm Jan 12, 2021 8:49pm
Quoting hoichoi
{quote} But with your pivot point lines what is your set stop loss if trade doesn't go your way
It's a mental stop, always 8 pips maximum
  • #2,335
  • Jan 13, 2021 2:58am Jan 13, 2021 2:58am
morning peeps

I am currently Long on the DAX

EDIT: closed D-PP +19

Attached Image (click to enlarge)
Click to Enlarge Name: DAX 21-01-13 Aa.png Size: 21 KB

Attached Image (click to enlarge)
Click to Enlarge Name: e13ddd888b8c27727e7375dadb584391.png Size: 24 KB


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  • #2,336
  • Jan 13, 2021 3:29am Jan 13, 2021 3:29am
Quoting MaxDoom
morning peeps I am currently Long on the DAX EDIT: closed D-PP +19 {image} {image} Find out more about S&R trading and get the Pivot Prof Scanner for free here ► Pivot Prof - Trading An Edge
interesting why you not holding here

very nice entry we have. i am still long.
  • #2,337
  • Jan 13, 2021 3:34am Jan 13, 2021 3:34am
Earlier trade, short EUR/USD, half closed at +6 rest at +14. Gold trade before that was -10. So will look for another trade today.

And just closed a long on DAX for +7.
Attached Image(s) (click to enlarge)
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Nnom nnom
  • #2,338
  • Jan 13, 2021 4:14am Jan 13, 2021 4:14am
Quoting pointlessfor
{quote} interesting why you not holding here very nice entry we have. i am still long.
My initial entry was for a retest of the D-PP / W-PP zone which it did, I would hold if it had pushed through.
It rejected the W-PP again and then slipped below the D-PP again.... so I got out, locked in some profit.
If it is going to break the D-PP W-PP zone it is easy enough to get back in
  • #2,339
  • Jan 13, 2021 4:15am Jan 13, 2021 4:15am
Quoting haribos
Earlier trade, short EUR/USD, half closed at +6 rest at +14. Gold trade before that was -10. So will look for another trade today. And just closed a long on DAX for +7. {image} {image}
keep it up
  • #2,340
  • Edited 4:43am Jan 13, 2021 4:31am | Edited 4:43am
DAX - Short

below W-PP D-PP

EDIT: Closed 50% +24
EDIT: Closed remainder +32

Attached Image (click to enlarge)
Click to Enlarge Name: DAX 21-01-13 Ba.png Size: 24 KB

Attached Image (click to enlarge)
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