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Pivot Trading

  • #43,481
  • May 24, 2023 4:51pm May 24, 2023 4:51pm
Quoting mizi123
{quote} Sorry about these you need EXIT plan friend, these is not ''aceptable''
I don't think it is the exit plan, looks like just trading to be trading, ignore the calendar, ignore the pivots,

and best of all, he states -

Follow the system and the royals will be rewarded...

It takes a lot for me to IGNORE you, but you can try.
  • #43,482
  • May 24, 2023 11:49pm May 24, 2023 11:49pm
Quoting Erebus
{quote} I don't think it is the exit plan, looks like just trading to be trading, ignore the calendar, ignore the pivots, and best of all, he states - Follow the system and the royals will be rewarded...
The sentence is there precisely because if you follow it, it works. It's the exact opposite of my deal.
It's not a dream. Chipsa is real!
  • #43,483
  • May 25, 2023 1:33am May 25, 2023 1:33am
Quoting Erebus
{quote} I don't think it is the exit plan, looks like just trading to be trading, ignore the calendar, ignore the pivots, and best of all, he states - Follow the system and the royals will be rewarded...
I don't know if these is sarcastic from your side but these was expected to happen if you see the calendar event was there:
-Is world known now that when certain state don't hike rates in general currencie deprichiate suffer in short term;
- 2nd what cose the lost 44% is lot size!
-3d because of these there are rules on the 1st page:..........
  • #43,484
  • May 25, 2023 2:21am May 25, 2023 2:21am
Quoting John Chipsa
My worst day of the year... Once....once I loaded up and even got up to do business... I expected the opposite... It pissed me off. Enough days till the end of the year...I've been thinking a lot...why do I always do some shit. Probably doesn't need a comment, but I'm putting it out there...not every day is green.. I've finally dug myself out of the previous loss and I'll make another shoe. 2 mistakes this year, just and my...not the system... Follow the system and the royals will be rewarded... {image} {image}
It is hard to give thumbs up to this kind of posts but I thank you for the post.
We have all been there and you need to think that this is actually good it happened. It should humble you.

We all had winning streaks where we feel invincible. We get cocky, taking trades we normally wouldn't. Holding where we shouldn't and so on.
Market will hand your ass to you when you get cocky. Mark Douglas is right, you have to take the emotions out of trading. Like Davit said, trading should be boring.

Now, get up, shake off the dust and let's move on
  • #43,485
  • May 25, 2023 2:48am May 25, 2023 2:48am
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Long entry of NU
Reasons for the entry is retesting of previous low though it is well below R100 but chances of pull back seems high as it has already been over-sold
  • #43,486
  • May 25, 2023 3:08am May 25, 2023 3:08am
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It looks like GU will go North for few days
  • #43,487
  • May 25, 2023 3:14am May 25, 2023 3:14am
Quoting John Chipsa
My worst day of the year... Once....once I loaded up and even got up to do business... I expected the opposite... It pissed me off. Enough days till the end of the year...I've been thinking a lot...why do I always do some shit. Probably doesn't need a comment, but I'm putting it out there...not every day is green.. I've finally dug myself out of the previous loss and I'll make another shoe. 2 mistakes this year, just and my...not the system... Follow the system and the royals will be rewarded... {image} {image}
Thumbs up for the transparency
It's a dirty job but someone's gotta do it!
  • #43,488
  • May 25, 2023 3:21am May 25, 2023 3:21am
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same is true for EU
  • #43,489
  • May 25, 2023 4:31am May 25, 2023 4:31am
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short entry of UC
  • #43,490
  • May 25, 2023 6:17am May 25, 2023 6:17am
Quoting John Chipsa
...I've been thinking a lot...why do I always do some shit?
do you found an answer?
well, it is important to know the system,
more importantly is to know thyself!

I wish you a good recovery.
Muni loves you all!
  • #43,491
  • May 25, 2023 6:45am May 25, 2023 6:45am
short EUR/NZD... AT R100. LETS SEE?
  • #43,492
  • May 25, 2023 6:58am May 25, 2023 6:58am
Quoting John Chipsa
My worst day of the year... Once....once I loaded up and even got up to do business... I expected the opposite... It pissed me off. Enough days till the end of the year...I've been thinking a lot...why do I always do some shit. Probably doesn't need a comment, but I'm putting it out there...not every day is green.. I've finally dug myself out of the previous loss and I'll make another shoe. 2 mistakes this year, just and my...not the system... Follow the system and the royals will be rewarded... {image} {image}
I'm sorry that your learning curve was so costly.. but I think we've all been there done that. Contemplate what went wrong, .... then next! My best wishes for you and thanks for sharing!
  • #43,493
  • May 25, 2023 8:56am May 25, 2023 8:56am
Quoting StarChild10
short EUR/NZD... AT R100. LETS SEE?
blew past R100
  • #43,494
  • May 25, 2023 9:00am May 25, 2023 9:00am
[quote=John Chipsa;14436713]My worst day of the year... Once....once I loaded up and even got up to do business... I expected the opposite... It pissed me off. Enough days till the end of the year...I've been thinking a lot...why do I always do some shit.

Been there , done that , many times as well John Chipsa.
IF YOUR CONFIDENCE HAS BEEN SIGNIFICANTLY SHAKEN (mine was , many times) , if anger still persists (mine did) , WAIT !!!!!! DO NOT GET BACK ON YOUR TRADING HORSE UNTIL YOUR ANGER IS GONE AND BE COMPLETELY HONEST WITH YOURSELF , YOUR HUMAN EMOTIONS ALTER YOUR PERCEPTION OF EVERYTHING IN YOUR LIFE------MARK DOUGLAS STATED THIS VALUABLE PIECE OF ADVICE.
Once I re-started trading , I traded 1/10th of my account size UNTIL I DOUBLED that percentage amount. I did this ONLY because I followed the rules strictly , zero exceptions , and it worked !!!!!! It was tough eating humble pie , but , well worth it. Yes , trading SHOULD BE BORING because you have to allow a trade to develop , not my words , they are DAVIT'S words.
DAVIT'S system does work , and will continue to work even better because everyday , more and more retail Forex Traders are "getting into the action".

Dust yourself off and keep going. You know what you did , my post is meant to encourage you and others. It literally does only take 1 really bad trade to do a ton of damage to your account. Not a doubt in my mind that you will be successful.
Sincerely ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #43,495
  • May 25, 2023 9:39am May 25, 2023 9:39am
Quoting duderoo1
{quote} blew past R100
Yeh! I zerodout
  • #43,496
  • May 25, 2023 9:44am May 25, 2023 9:44am
This is just me, but when not sure of trade, even if looks good. I go to BE as soon as I can. I watch for better entry, or go else ware
  • #43,497
  • May 25, 2023 1:05pm May 25, 2023 1:05pm
After patiently waiting for right time pulled the trigger on EN
Lets see how it goes 175 where I am looking


After debt ceiling gets raised and it will USD should go into decline.
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In trading, you have to be defensive and aggressive at the same time
  • #43,498
  • May 25, 2023 1:13pm May 25, 2023 1:13pm
Quoting John Chipsa
My worst day of the year... Once....once I loaded up and even got up to do business... I expected the opposite... It pissed me off. Enough days till the end of the year...I've been thinking a lot...why do I always do some shit. Probably doesn't need a comment, but I'm putting it out there...not every day is green.. I've finally dug myself out of the previous loss and I'll make another shoe. 2 mistakes this year, just and my...not the system... Follow the system and the royals will be rewarded... {image} {image}
Tough one.The rational behind the trades is perplexing.Hope you recover
Part of trading is forgiving yourself.Yes accept the loss and dont beat yourself. Everything in trading is learning lesson.
I know you will bounce up big! Don't lose faith.
In trading, you have to be defensive and aggressive at the same time
  • #43,499
  • May 25, 2023 3:59pm May 25, 2023 3:59pm
Quoting Davit
{quote} Tough one.The rational behind the trades is perplexing.Hope you recover Part of trading is forgiving yourself.Yes accept the loss and dont beat yourself. Everything in trading is learning lesson. I know you will bounce up big! Don't lose faith.
These are great words of encouragement and support (let's face it, we could all do with this from time to time). I agree. I especially like your comment... "Everything in trading is learning lesson". We all make mistakes, what makes us human! Keep up the good work.
Successful trading is intrinsic to risk management and discipline
  • #43,500
  • May 26, 2023 12:20am May 26, 2023 12:20am
hi guys
took a long break but was still following
watching EURJPY closely for sells
10 traders viewing now, 2 are registered:
princeswarnk
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2ears