Pivot Trading

Quoting R61

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{quote} I also took some considerable losses on EA EN. That move on EA EN during overnight (on my timezone) caught me on surprise, I don't have a fixed SL, so the losses passed my loss tolerance. In order to avoid be caught off guard again I am considering to lower my lot size and maybe partially hedge my positions during overnight, especially on non-commodity pairs, but is just a thought for now. Here is some of the valuable posts on this thread that...

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Quoting Davit

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Guys keep in mind NZ lock down was for 3days and by Mon should expire unless they extend.Should it be lifted you can bet EN and all NZD pairs will open with gap on NZD favor Number of cases increased from 1 to 7 so its probable extending the lock down but they could lift it as well.Here in the States its in thousands daily and businesses open life goes on...Its matter of adapting.I wear mask everywhere ...and been vaccinated

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Quoting Davit

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Closed some losses EN EA. Part of trading.Moving on. Market over reaction to Delta and less on Afghanistan obviously created a perfect storm.Commodity pairs got hit hardest. I am certain correction are in order. Part of trading is managing your account.No system can do that for you.You do that for yourself. Its a marathon not a sprint.

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Quoting jmn5611

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{quote} Powerful post. Can you share with your followers when it is time to cut your position? A lot of people seem to think that you average down rather than scale in. I am pretty sure you scale out of losers also, but that is not my call to say that. You are accused of floating losses and all of that other BS. Tell people when you have decided that holding a position will do more harm than good. I think that newer traders will understand the difference between averaging down and scaling in if you share why you cut positions. Obviously how you...

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Quoting Davit

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{quote} Hi Jim I used to keep DD longer because my account was larger 80k+but I took everything out kept 10k as base and this forced me to be more aggressive in cutting losses.I cut losses totally in case of both recent EN EA because of hyper panic aspect of the moves in the market but in normal conditions scale out. I do less scale in now then before.Mostly now place full trades in 3-4 positions.Yes I am not perfect never claimed and nobody is.I do notice improvement in my trading.As you know its constant fine tuning. regards

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Quoting orderblock

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possible scenarios, I am using monthly pivots accompanied by historical weekly and monthly support and resistance {image}{image}{image}

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Quoting Dingoman-two

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{quote} Hi, Davit would you mind to much if I ask you to share the attached program please, Cheers Brian Dingman-two {image}

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Quoting Davit

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{quote} You probably already discovered FF house idiothasib Nice gains {file}

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Quoting Dingoman-two

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{quote} Thanks for the link Davit, This is truly appreciated. And yes (hasid) there's more than one in each thread I am afraid

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