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Pivot Trading

  • #43,361
  • May 12, 2023 10:06am May 12, 2023 10:06am
I havent seen any buy/sell limit order posting? what do you think about it?

I have made my first profitable trade wit this system. i hat TP on SILVER and only one was hit the other 2 trades was missed by one pip so i closed them manualy.
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  • #43,362
  • May 12, 2023 11:14am May 12, 2023 11:14am
NAS
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It's a dirty job but someone's gotta do it!
  • #43,363
  • May 12, 2023 11:40am May 12, 2023 11:40am

Today was lukewarm, I wasn't at the PC.

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This week wasn't bad. So I'm happy, but there was an insane amount to get out of it....


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As Davit wrote, it is very important to know whether you are concentrating and in a good mood, in general what kind of mood you are in.

The most important thing is to have the right entries, because then you can trade XX lots and be profitable...



That's why it's important to trade over and over and over again = experience = money = peace of mind




I'll try to focus more on inputs and combine my activities next week.

I do Forex mainly because it gives me FREEDOM... It is not my ambition to sit, every day XX hours at the PC, even if it would mean more money etc... But more important for me is the activity with my family and my 4 legged partner... :-)

Have a nice weekend everyone




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It's not a dream. Chipsa is real!
  • #43,364
  • May 12, 2023 11:53am May 12, 2023 11:53am
Quoting Davit
Long EU DD now Funny despite of posting EU may drop 860 (went lower) I still went long. Should of trusted my own intuition experience more {image}
DD now
Funny despite of posting EU may drop 860 (went lower) I still went long.
Should of trusted my own intuition experience more


USD dominance is puzzling to me despite of red numbers
The only speculation is that inflation is not dropping hence market may gear up for Feds more hikes.Still speculative but obviously looks like MM bought shit load of USD cross the board

I generally love selling the Euro on crosses and can't wait to get out of EU long
In trading, you have to be defensive and aggressive at the same time
  • #43,365
  • May 12, 2023 12:07pm May 12, 2023 12:07pm
Quoting Davit
{quote} DD now Funny despite of posting EU may drop 860 (went lower) I still went long. Should of trusted my own intuition experience more USD dominance is puzzling to me despite of red numbers The only speculation is that inflation is not dropping hence market may gear up for Feds more hikes.Still speculative but obviously looks like MM bought shit load of USD cross the board I generally love selling the Euro on crosses and can't wait to get out of EU long
Davit, how long will you hold before cutting your losses. I was in a similar position with my EA shorts. I believe you were also shorting EJ. Did you close these out?
Successful trading is intrinsic to risk management and discipline
  • #43,366
  • May 12, 2023 12:10pm May 12, 2023 12:10pm
Quoting nittohanns
{quote} Davit, how long will you hold before cutting your losses. I was in a similar position with my EA shorts. I believe you were also shorting EJ. Did you close these out?
Took the lose on EJ

My account is in good healthy level and anticipate EU breaking north 900 next week.If things change will consider cutting.Certainly wont hold for 500pips DD!
In trading, you have to be defensive and aggressive at the same time
  • #43,367
  • May 12, 2023 12:14pm May 12, 2023 12:14pm
Happy with the week
made 3800
that's $760 a day! pretty pleased with that
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In trading, you have to be defensive and aggressive at the same time
  • #43,368
  • May 12, 2023 12:23pm May 12, 2023 12:23pm
Quoting Davit
{quote} Took the lose on EJ My account is in good healthy level and anticipate EU breaking north 900 next week.If things change will consider cutting.Certainly wont hold for 500pips DD!
it's a fair point. Thanks for response, DD is a difficult one when psychology and emotion takes over, I was in too deep and couldn't bear taking the losses. Holding paid off and DD became profit.. so, was it the wrong decision? Yes, in hind sight, I should of cut sooner.. lesson learnt.
Successful trading is intrinsic to risk management and discipline
  • #43,369
  • May 12, 2023 12:24pm May 12, 2023 12:24pm
Quoting nittohanns
{quote} it's a fair point. Thanks for response, DD is a difficult one when psychology and emotion takes over, I was in too deep and couldn't bear taking the losses. Holding paid off and DD became profit.. so, was it the wrong decision? Yes, in hind sight, I should of cut sooner.. lesson learnt.
So the alpha and omega is that the account made it possible.
It's not a dream. Chipsa is real!
  • #43,370
  • May 12, 2023 12:32pm May 12, 2023 12:32pm
Quoting Davit
Zufrieden mit der Woche habe ich 3800 gemacht, das sind 760 $ pro Tag! ziemlich zufrieden damit {image}
Sehr starker Davit, perfektes Ergebnis, ich habe hier Höhen und Tiefen erlebt, ich beobachte derzeit nur von der Außenlinie aus. Ich muss es etwas ausruhen, weil es seit 2 Jahren 7 Tage die Woche und 4 Wochen im Monat ist. Ich brauche eine kurze Pause, ich bin etwas müde, das nennt man Overtrading
the highest point comes before the fall
  • #43,371
  • May 12, 2023 12:45pm May 12, 2023 12:45pm
Quoting Pivoter
{quote} Sehr starker Davit, perfektes Ergebnis, ich habe hier Höhen und Tiefen erlebt, ich beobachte derzeit nur von der Außenlinie aus. Ich muss es etwas ausruhen, weil es seit 2 Jahren 7 Tage die Woche und 4 Wochen im Monat ist. Ich brauche eine kurze Pause, ich bin etwas müde, das nennt man Overtrading
You need to take trading not as a job but activity you are passionate about then you wont get tired. Its like a painter painting or musician playing.No such thing over painting or over playing because its a joyous activity.
I love trading and doesn't feel like a job because I love it.I can trade all day without issue but obviously have other things in my life that needs attention like wife...
Take a break refresh your mind.
In trading, you have to be defensive and aggressive at the same time
  • #43,372
  • May 12, 2023 1:30pm May 12, 2023 1:30pm
My results for the week.
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Successful trading is intrinsic to risk management and discipline
  • #43,373
  • May 13, 2023 12:35am May 13, 2023 12:35am
Quoting nittohanns
My results for the week. {image}
Incredible as always. Still trying to work out how it's possible to get ZERO drawdown. That certainly takes some skill.
  • #43,374
  • May 13, 2023 4:23am May 13, 2023 4:23am
Quoting nittohanns
My results for the week. {image}
do you still use hard stops on higher TF(4 h)?
Seek first to understand, then to be understood
  • #43,375
  • May 13, 2023 4:41am May 13, 2023 4:41am
Quoting toshio
{quote} do you still use hard stops on higher TF(4 h)?
I used hard stops on the silver trade. I haven't always traded with stops, it depends on my confidence in the trade and the risk. This went horribly wrong with EA trades as you may of seen from previous posts but holding out paid off and they came good. This has made me re-evaluate the way I trade and will certainly be trading more cautiously with more stops going forward. I use both the higher and lower TF to decide where to place stops, not too tight and not too wide to allow the trade to 'breathe'. The times price has stopped me out of a trade and then bounced up or down.. so frustrating! I try and think where I want my stop to be, where price won't go but at the same time offers a safety blanket and keeps me in the trade. Its a tough one.
Successful trading is intrinsic to risk management and discipline
  • #43,376
  • May 13, 2023 11:35am May 13, 2023 11:35am
Rest of the Trading (JPY):

B - EJ
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B - GJ
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B - CJ
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Still Floating on S - AU (partially closed).
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #43,377
  • May 14, 2023 8:32pm May 14, 2023 8:32pm
Quoting Davit
Found this remarkable pristine condition CB750 1972 On my area asking 9500 salivating now . I am passionate about older bikes and cars.Older Moto Guzzi ,Ducati, Air head BMW my faves {image}
I had a friend who had a bike exactly like that with the same unique metal flake paint color. I'm guessing it was the same year of build. Brings back a lot of memories.

Thanks for a great thread and system and for all your efforts to help the readers. (And for insisting on adherence to thread rules.)
  • #43,378
  • May 15, 2023 1:16am May 15, 2023 1:16am
Quoting 1pipperhour
I'm in CJ long, already from yesterday. Today added some more. Targeting 100.50. May happen today or not at all.
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  • #43,379
  • May 15, 2023 3:06am May 15, 2023 3:06am
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just went short on UJ
  • #43,380
  • May 15, 2023 7:47am May 15, 2023 7:47am
I just take this, may be a bit late
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Jakepuia
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Zienfeld
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