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Pivot Trading

Quoting John Chipsa
{quote} Beautiful results... Do you want to upload some pictures? Personally, I prefer a graph instead of a table... I'm stuck... and I'm having trouble...
Always love to see how people are painting. Gleaming some tips
Pip Student
eurusd getting parked for event again...

i am ready
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sold some spx @ 3960 (above r78), sl is 3971.
Muni loves you all!
Quoting MuniFX
sold some spx @ 3960 (above r78), sl is 3971.
stopped out.
Muni loves you all!
Results yesterday and today trading pivots. I need to have more confidence in my trades and hold for longer (in some cases). Very pleased with EG short today, got in at just the right time. Wished I'd held onto NAS100 for longer but that's trading.
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Successful trading is intrinsic to risk management and discipline
Quoting Pivoter
last 14 days results, very satisfied since the beginning of years {image}
Incredible - Fantastic results over 14 days. Well done Pivoter
Successful trading is intrinsic to risk management and discipline
Little trading lesson
When you see chart like this AC its tempting to short.While you might get lucky few times but do it 10x I bet you will lose big time.
When price hasn't reached ADR high or major Pivot small structural elements are secondary while all arrows on all times are green.
Wait for sign of bear to poke through.
Its better to miss a move then be early in DD
Your challenge as a trader to keep drawdown as minimum as possible.Don't care about win ratio! You can have 80% win ratio and still blow the account!
People posting high win ratios are meaningless stats.Means very little. Care about DD and account preservation.
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In trading, you have to be defensive and aggressive at the same time
Quoting Davit
Little trading lesson When you see chart like this AC its tempting to short.While you might get lucky few times but do it 10x I bet you will lose big time. When price hasn't reached ADR high or major Pivot small structural elements are secondary while all arrows on all times are green. Wait for sign of bear to poke through. Its better to miss a move then be early in DD Your challenge as a trader to keep drawdown as minimum as possible.Don't care about win ratio! You can have 80% win ratio and still blow the account! People posting high win ratios...

"You can have 80% win ratio and still blow the account! People posting high win ratios are meaningless stats.Means very little."

@Davit

AC weekly is ranging sideways for weeks now. Its your favourite market , right?

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} "You can have 80% win ratio and still blow the account! People posting high win ratios are meaningless stats.Means very little." @Davit AC weekly is ranging sideways for weeks now. Its your favourite market , right? {image} ...
Hi friend yes I love ranging markets in and out then repeat. AUD after CPI seems very bullish hence staying off from it for now.We both know who posts high win rate stats repeatedly
Regards
In trading, you have to be defensive and aggressive at the same time
Quoting apples1978
Its a doodle week just testing adr levels. Waiting for two things 1. Starting a 300k phase2 mff on monday. That be 0.1% a position upto 0.5% a pair. 2. 6k live account am waiting for money to go from oz to tickmill that be only 30:1 mind so in limbo waiting on things. Had some funny business with tradersway Screen shots are from a ftmo 100k demo. The 6k account be 1-1.5% risk over a pair. Anything prop 0.5%. Except phase1, upped risk just to grind the 8% out. No gripe taken part of whats what when you post things around R
for phase1 u use 1% a pair, 0.20% per position? how big is your stop loss per position in terms of pips? im in phase 1 myself though my prop firm has three stages
Seek first to understand, then to be understood
Toshio's FX Book Return This Week: 0.0%
Thats for phase 2. Do what you need to for phase 1. Try 2-3 time what you would use for phase 2 acc.
Pip Student
Quoting Davit
Little trading lesson When you see chart like this AC its tempting to short.While you might get lucky few times but do it 10x I bet you will lose big time. When price hasn't reached ADR high or major Pivot small structural elements are secondary while all arrows on all times are green. Wait for sign of bear to poke through. Its better to miss a move then be early in DD Your challenge as a trader to keep drawdown as minimum as possible.Don't care about win ratio! You can have 80% win ratio and still blow the account! People posting high win ratios...
If you'll allow me to add to that, a phrase we all know but don't follow much....

Protect your capital, because you can't do business without it, it's all you need.
It's not a dream. Chipsa is real!
I suspect like myself a lot of us are probs waiting for the news this afternoon.

As a side project well last year I studded some ICT concepts which I have decided to study harder in 2023. Does anyone use these concepts with pivs?

ATM my main trading approach's is pivs that wont change, even more so if I pass the upcoming prop firm challenges.

I need to focus on PA and ICT seems to be a good way of starting improving my PA effectiveness.

People thoughts experiences round this? Just a thought while I work (home devops engineer), wait for news patiently

R
Pip Student
Quoting Davit
Little trading lesson When you see chart like this AC its tempting to short.While you might get lucky few times but do it 10x I bet you will lose big time. When price hasn't reached ADR high or major Pivot small structural elements are secondary while all arrows on all times are green. Wait for sign of bear to poke through. Its better to miss a move then be early in DD Your challenge as a trader to keep drawdown as minimum as possible.Don't care about win ratio! You can have 80% win ratio and still blow the account! People posting high win ratios...
hello davit, it was not my intention to make myself important.

I actually just wanted to show that the pivot strategy works very well. that was the only reason for posting.
the highest point comes before the fall
I think like the rest of us we would love those results over with such low dd.

Hope to be as good as you and some the other old members at pivs.

Keep doing what you are doing

R
Pip Student
Quoting Pivoter
{quote} hello davit, it was not my intention to make myself important. I actually just wanted to show that the pivot strategy works very well. that was the only reason for posting.
You are doing a great job. I didn't have you in mind when I posted.It was a general trading post.
Lets get back on making money!
In trading, you have to be defensive and aggressive at the same time
Heavy EG shorting

Avoided deliberately USD pairs just to see where spikes go. We could see nice spikes
In trading, you have to be defensive and aggressive at the same time
flat was on gu
Pip Student
Virtual McD's tonight baby
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Pip Student
Reload taking this off the board now
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Pip Student
14 traders viewing now, 4 are members:
roanfox
,
rupasi
,
nittohanns
,