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Pivot Trading

  • #38,861
  • Jul 24, 2021 12:25pm Jul 24, 2021 12:25pm
Important to keep in mind.Your risk appetite is depended on your competency as a trader,account size ,personality etc.
I vary my risk pretty much on every trade.I dont have set % and most competent traders dont either.You are going to read garbage posts from incompetent idiots about myself best dismiss these haters.They are clueless who I am, how I trade, account size etc but have no problems claiming to know all these better then myself.Classic idiots.Unfortunately FF full of them why pretty much all best traders left.Just handful of real traders here now...
Stay on course go over the calendar get ready.
In trading, you have to be defensive and aggressive at the same time
  • #38,862
  • Edited 1:49pm Jul 24, 2021 1:13pm | Edited 1:49pm
Quoting Davit
Important to keep in mind.Your risk appetite is depended on your competency as a trader,account size ,personality etc. I vary my risk pretty much on every trade.I dont have set % and most competent traders dont either.You are going to read garbage posts from incompetent idiots about myself best dismiss these haters.They are clueless who I am, how I trade, account size etc but have no problems claiming to know all these better then myself.Classic idiots.Unfortunately FF full of them why pretty much all best traders left.Just handful...

Makes complete sense to me you have to be flexible in a ever-changing marketplace, i have purposely kept my lot sizes low to start with in case i go into bigger drawdown (which i have on quite a few trades), i think this is to be expected when being new to a style of trading or for me anyway.

The thing is for me as a beginner is to pick up on where you are going wrong and that is not easy when you are analysing your own trades, but is much easier when experienced traders are posting charts as well as results.

Things i know i am doing:

Impatience

Not waiting for rejection enough

Entering on lines only to much(maybe same as above)

Over trading

Looking at other peoples results and trying to match them when i should be happy to just trade what i see and concentrate on what i am doing

Not got my MM right yet either

All that being said i have made massive gains every week since i started 3 weeks ago

Weird thing is on paper i know what i need to do but in realtime i am not quite there
  • #38,863
  • Jul 25, 2021 1:39am Jul 25, 2021 1:39am
Quoting Wags
Cant really concentrate and trade as my whole family has covid, its a nightmare

I hope by the time of my writing,You and your family got recovered and in good health .

as other guys said I reccomend you to stop trading or at least take one pair to trade so it is easier for you to manage it.
  • #38,864
  • Jul 25, 2021 1:58am Jul 25, 2021 1:58am
Quoting Wags
Cant really concentrate and trade as my whole family has covid, its a nightmare
Very sad ...get well soon for your family
not euphoria follower
  • #38,865
  • Jul 25, 2021 2:33am Jul 25, 2021 2:33am
ok after trading [PIVOT TRADING ] in real account for one month ,I feel that i have to share my experience as it could summarize alot of things for new people here.


i made nearly 12.5% gains in this month with just 2 trades i took the loss in them, which was gbpaud who i stupidly rush to close and accept it rather than waiting to close in profit,Also audnzd was losing trade for me as it was strongly trending to the down side ,littile retracement happened and more positions were taken which made my loss low .

what i really like in pivot trading with davit and other great traders here , The fact we use Batch trading with 10 limit\stop orders or more for each pair .

I figure this technique later in this month as i am not used to make 10 positions rather than one sigle trade .

trading with batches suites this style of trading so well that if u had lost 1-5 positions u still can add more positions in the next Fibo Supp\Resistance whic markets will respect them either now or later on .

also the concept of having stoploss by % of your equity is good thing which you have to learn it by the time and EXPERINCING DD to finally accept your loss (which is rare to be honest ).


batch trading are great tool to do your MM without having a stoploss.

PriceAction is king here and i like to use it. It make me feel like i am real trader with fresh look to the markets.


Since this is my only trading style now ,I made tutorial in youtube trading this method in arabic langauge .If you want to have it please let me know so i can send it to you .

Sorry for my long post and my english lngauge skills ,but i hope it help others .
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  • #38,866
  • Jul 25, 2021 9:14am Jul 25, 2021 9:14am
Quoting Ahmed30
ok after trading [PIVOT TRADING ] in real account for one month ,I feel that i have to share my experience as it could summarize alot of things for new people here. i made nearly 12.5% gains in this month with just 2 trades i took the loss in them, which was gbpaud who i stupidly rush to close and accept it rather than waiting to close in profit,Also audnzd was losing trade for me as it was strongly trending to the down side ,littile retracement happened and more positions were taken which made my loss low . what i really like in pivot trading with...
good results. Advise to you.Dont trade G crosses like GJ GA GN until you become proficient in trading even then they are not suited well in Pivot trading.Honestly I dont even have these pairs on my charts.Mistake here is costly.GU EG GC more reasonable pairs
You dont need to be all over the board I traded AC 80% last week.Once you fine a nice set up you can get in get out then repeat on dips mini rallies until pair no longer has an EDGE. So its not about how many pairs you trade but quality of trades.
In trading, you have to be defensive and aggressive at the same time
  • #38,867
  • Jul 25, 2021 1:41pm Jul 25, 2021 1:41pm
Quoting Davit
{quote} good results. Advise to you.Dont trade G crosses like GJ GA GN until you become proficient in trading even then they are not suited well in Pivot trading.Honestly I dont even have these pairs on my charts.Mistake here is costly.GU EG GC more reasonable pairs You dont need to be all over the board I traded AC 80% last week.Once you fine a nice set up you can get in get out then repeat on dips mini rallies until pair no longer has an EDGE. So its not about how many pairs you trade but quality of trades.

I did as you say and removed them. Thank you for the advice.


I have some questions for you and other expert traders in pivots i hope i get answers for it :

1-lets say you find a good set ups in many pairs of the same quote and your account is big enough to enter all of them at the same time . for example you find oppertunity in eurnzd,nzdcad and nzd usd.

would you enter them without hesitation, Ignoring overexposure OR you will pick the best of them so you dont have big DD in case of reversals.

2-in my humble experience i find it easier to trade rejection from fibo levels and i do find them more than trades starting from PP toward fibo (SUPP/RESS) levels .
Is it me only having this or you guys find the same thing .

3- Generally speaking, what is your DD% Were you will shut down your trade in X pair and accept the loss.

for me i would close my trade if it is -1 to -2% of my capital.


cheers and Appreciation for all Pivoters
  • #38,868
  • Jul 25, 2021 8:20pm Jul 25, 2021 8:20pm
Wags , here's to sincerely praying for a full recovery for your entire Family as well as your entire Country.
Sincerely ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #38,869
  • Jul 26, 2021 3:08am Jul 26, 2021 3:08am
Quoting Wags
{quote} Makes complete sense to me you have to be flexible in a ever-changing marketplace, i have purposely kept my lot sizes low to start with in case i go into bigger drawdown (which i have on quite a few trades), i think this is to be expected when being new to a style of trading or for me anyway. The thing is for me as a beginner is to pick up on where you are going wrong and that is not easy when you are analysing your own trades, but is much easier when experienced traders are posting charts as well as results. Things i know i am doing: Impatience...
Wags, first of all, hope you and your family get well soon.
Second, i have been trading forex since 2006, in and out from different forum/threads. This is the only thread im left in. I have seen new traders come and go. But your approach and performance is outstanding in such short time.
Listen to the advice from David and other senior pivot traders, and fix your own "personal trading issues"(just to know about them is a big plus). You are way ahead many others in here.
Take care of your family, trade fx when you are all healthy and you and your family could enjoy your nice trading profit together.
Love to read your posts, so keep them comin

Kind regards from Sweden
  • #38,870
  • Jul 26, 2021 6:08am Jul 26, 2021 6:08am
Quoting kojak
{quote} Wags, first of all, hope you and your family get well soon. Second, i have been trading forex since 2006, in and out from different forum/threads. This is the only thread im left in. I have seen new traders come and go. But your approach and performance is outstanding in such short time. Listen to the advice from David and other senior pivot traders, and fix your own "personal trading issues"(just to know about them is a big plus). You are way ahead many others in here. Take care of your family, trade fx when you are all healthy and you...
Welcome back friend!
In trading, you have to be defensive and aggressive at the same time
  • #38,871
  • Jul 26, 2021 6:09am Jul 26, 2021 6:09am
Quoting Ahmed30
{quote} I did as you say and removed them. Thank you for the advice. I have some questions for you and other expert traders in pivots i hope i get answers for it : 1-lets say you find a good set ups in many pairs of the same quote and your account is big enough to enter all of them at the same time . for example you find oppertunity in eurnzd,nzdcad and nzd usd. would you enter them without hesitation, Ignoring overexposure OR you will pick the best of them so you dont have big DD in case of reversals. 2-in my humble experience i find it easier...
Everyone is different.Trade what best suits you.There is no cookie cutter answer
In trading, you have to be defensive and aggressive at the same time
  • #38,872
  • Jul 26, 2021 6:21am Jul 26, 2021 6:21am
Some fundamentals
AUD is weakened by covid related shut downs however so far its still holding the bottom.However be careful buying it now.Watch PA to see if sliding is dissipating.If CPI prints green which I doubt it may inject some life but if red expect more sliding.
In trading, you have to be defensive and aggressive at the same time
  • #38,873
  • Jul 26, 2021 10:53am Jul 26, 2021 10:53am
Wow what a couple of weeks

I would just like to thank all of the kind people and their msg's for my family all are well and now negative, some are suffering from fatique but hopefully this will go soon

Took a couple of trades this morning still open
  • #38,874
  • Jul 26, 2021 11:00am Jul 26, 2021 11:00am
Quoting kojak
{quote} Wags, first of all, hope you and your family get well soon. Second, i have been trading forex since 2006, in and out from different forum/threads. This is the only thread im left in. I have seen new traders come and go. But your approach and performance is outstanding in such short time. Listen to the advice from David and other senior pivot traders, and fix your own "personal trading issues"(just to know about them is a big plus). You are way ahead many others in here. Take care of your family, trade fx when you are all healthy and you...
Hi Kojak

Thanks for the advice and your words are a great confidence boost for me, i feel its equally as important to be told you are doing something right as well as the mistakes we make so i thank you for that.

I also am looking for ward to start posting again as well

Back to reading the thread from where i left off.

Wags
  • #38,875
  • Jul 26, 2021 11:06am Jul 26, 2021 11:06am
Trades i am in atm, liked the look of these 3 this morning, would have probably started bulilding NC and EC on thurs/friday if all was well


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  • #38,876
  • Jul 26, 2021 2:31pm Jul 26, 2021 2:31pm
Quoting Davit
{quote} Welcome back friend!
Thanks mate
  • #38,877
  • Jul 26, 2021 8:17pm Jul 26, 2021 8:17pm
Something like to share.
When trading crosses always look what majors are doing.
GU at R61 GC at pivot. Should GU continue drop expect GC to drop as well. Chances of GU going higher is small considering Covid lock downs

This is where YOU watch and get in when things start roiling.
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In trading, you have to be defensive and aggressive at the same time
  • #38,878
  • Jul 28, 2021 5:32am Jul 28, 2021 5:32am
Looks like a lot of pairs could be turning now

EG looks very nice atm for a few pips

Nice rejection off 85.000

I cannot enter as im max out on other trades

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  • #38,879
  • Jul 28, 2021 7:34am Jul 28, 2021 7:34am
Hi Guys
Lot of pressure on GU and G crosses. Very likely after Feds dumping begins. Keep a eye on them.
There is a huge divergence imbalance between pound and other majors.Frankly UK economy afflicted by covid and Brexit issues does not support such lofty numbers that are now.
I am short GC ATM
In trading, you have to be defensive and aggressive at the same time
  • #38,880
  • Jul 28, 2021 1:16pm Jul 28, 2021 1:16pm
Inserted Video


WATCH AC NC for possible trades long
As typical MM will hit clusters of liquidity before unloading so GU spike up possible before this falls and falls hard.
EG nice spot too to start building longs.Usually holds support well.
GU spike to 100R possible 3916.Its intentional MM need to get filled.
In trading, you have to be defensive and aggressive at the same time
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