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Pivot Trading

  • #1,041
  • Edited 4:35am Jul 6, 2016 4:08am | Edited 4:35am
Quoting mch1970
{quote} Thanks As regards fear and greed - reduce your trade size to the smallest possible (0.01 lot) and then apply ME/ME as PA dictates. You can't trade if fear of losing is an overriding emotion. Reducing trade size will help with the process of managing your trades in a logical way. As regards greed - try and set achievable profit targets that PA could move towards. If you know where to get out, before you get in, then greed doesn't become an issue.
Agreed. well said.

Watching A/N for possible short. at R38. PA will lead the way
'Fail to plan, plan to fail'
  • #1,042
  • Jul 6, 2016 5:06am Jul 6, 2016 5:06am
Quoting Guitarbloke
{quote} Hiya Nostro. Congrat's on your wins. Reflections on a live account. I've blown up 2 previously. They were small, so no big deal thankfully. This was around 3 years ago. On reflection, i didn't really understand what i was doing or why, so hence the consistent losses. I am finding whilst trading live sure hones the psychology and tests emotions of greed and fear, if i don't have my method/strategy down and understand it, it will result in loss. For me, i am finding live trading more about my psychology, less about the trading method, because...
Hey Guitarbloke - thanks for the feedback and bullet points!
  • #1,043
  • Jul 6, 2016 6:53am Jul 6, 2016 6:53am
Attached Image (click to enlarge)
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Now a free trade.
  • #1,044
  • Jul 6, 2016 8:51am Jul 6, 2016 8:51am
Inserted Video
'Fail to plan, plan to fail'
  • #1,045
  • Jul 6, 2016 10:25am Jul 6, 2016 10:25am
A/C H4 PB. Good chance it'll go south.

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'Fail to plan, plan to fail'
  • #1,046
  • Jul 6, 2016 2:44pm Jul 6, 2016 2:44pm
Quoting Guitarbloke
https://www.youtube.com/watch?v=Hyn93FOBtic
Thanks GB

I enjoyed!!!!! one of my favorite.
  • #1,047
  • Jul 6, 2016 5:26pm Jul 6, 2016 5:26pm
Yesterday was my best days trading: E/J + U/J 300+ x2, G/C 154. But lost 18 on A/NNote to self: Must do better!
Davit. I owe you a drink or two! Many Thanks x
  • #1,048
  • Edited 8:44pm Jul 6, 2016 6:40pm | Edited 8:44pm
Quoting Guitarbloke
A/C H4 PB. Good chance it'll go south. {image}
A/C Took 50 pips at R38.

Gr8 work Luky!

Attached Image (click to enlarge)
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A/U. Looking for W1 pivot. Probably could've got a better entry, but decided to trade from pivot level only.

Edit: closed trade for 9 pip loss. Price too choppy. Waiting for better PA

Attached Image (click to enlarge)
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'Fail to plan, plan to fail'
  • #1,049
  • Edited 7:04pm Jul 6, 2016 6:45pm | Edited 7:04pm
AU credit outlook down grade news from S&P. Anyone catch this ?

+40 pips

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+30 pips

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+32 pips
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  • #1,050
  • Jul 6, 2016 7:10pm Jul 6, 2016 7:10pm
​anyone trade on GOLD? maybe need additional indicator for trade on GOLD,
  • #1,051
  • Jul 6, 2016 7:26pm Jul 6, 2016 7:26pm
Quoting widyantoro
​anyone trade on GOLD? maybe need additional indicator for trade on GOLD,
no additional indicator needed
Everything on my template has been tested over analyzed..They are other systems at FF with 50 Christmas lights.
In trading, you have to be defensive and aggressive at the same time
  • #1,052
  • Jul 6, 2016 7:27pm Jul 6, 2016 7:27pm
Quoting inforserve
AU credit outlook down grade news from S&P. Anyone catch this ? +40 pips {image} +30 pips {image} +32 pips {image}
I really appreciate you using my template as is and with great results.Kudos to you
What your take this month so far? using my system.
Pips will suffice don't need actual dollar amount.
regards

Frustrating thing about AU and NU is that scared money from Breixt is flooding both currencies keeping them strong.Need AUD to drop.
Housing bubble is keeping RBNZ from cutting rates last time but I think they will in August.They can't have NZD get too strong risk of having entire agriculture based economy to collapse
its over 100 degree in Boston and my air conditioning can't keep up with high humidity.I feel like I am in sauna sweat dripping down none stop
In trading, you have to be defensive and aggressive at the same time
  • #1,053
  • Jul 6, 2016 7:31pm Jul 6, 2016 7:31pm
Can i get your template Davit?
  • #1,054
  • Jul 6, 2016 7:37pm Jul 6, 2016 7:37pm
Quoting JackyBD
Can i get your template Davit?
You have the template in the first post JackyBD
“Stops don’t limit profits — they prevent disasters.”
  • #1,055
  • Edited 7:57pm Jul 6, 2016 7:39pm | Edited 7:57pm
Quoting JackyBD
Can i get your template Davit?
Hi welcome
I really appreciate you and others to read the 1st page which one would expect.My indicators and template are there.
Here is the deal guys.As thread starter I can ban anyone who continuously wants to be spoon fed or plain lazy.
This is about professionalism and deduction to ART of Trading. Don't have time to waste on people who will never make it because they lack the attributes which are necessary.
In trading, you have to be defensive and aggressive at the same time
  • #1,056
  • Jul 6, 2016 8:01pm Jul 6, 2016 8:01pm
Quoting Davit
{quote} I really appreciate you using my template as is and with great results.Kudos to you What your take this month so far? using my system. Pips will suffice don't need actual dollar amount. regards Frustrating thing about AU and NU is that scared money from Breixt is flooding both currencies keeping them strong.Need AUD to drop. Housing bubble is keeping RBNZ from cutting rates last time but I think they will in August.They can't have NZD get too strong risk of having entire agriculture based economy to collapse its over 100 degree in Boston...

I think got around +900 pips so far started from 24 of June.
You do have really good fundamental insight on Kiwi economy as well as AU.
I also expect RBNZ will do rate cut in August. Maybe one more from RBA as well.
  • #1,057
  • Jul 6, 2016 8:13pm Jul 6, 2016 8:13pm
Quoting inforserve
{quote} I think got around +900 pips so far started from 24 of June. You do have really good fundamental insight on Kiwi economy as well as AU. I also expect RBNZ will do rate cut in August. Maybe one more from RBA as well.
+900pips
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #1,058
  • Edited 8:45pm Jul 6, 2016 8:28pm | Edited 8:45pm
Quoting Davit
{quote} +900pips {image}
Thanks !!!
As I look back my trades, I am thinking that if I hold trades longer and applied ME/ME, I could double or triple my pips.
  • #1,059
  • Jul 6, 2016 8:50pm Jul 6, 2016 8:50pm
Quoting inforserve
{quote} Thanks !!! As I look back my trades, I am thinking that if I hold trades longer and applied ME/ME, I could double or triple my pips.
I notice the same but wanted you to go on your pace.No need to rush in.You hit 10% a month in 5years you will be golden.
Its about being consistent.Don't jump from system to system.Focus on one and really try to master it.

Guitarbloke really has some great insights.Continue on guys.
In trading, you have to be defensive and aggressive at the same time
  • #1,060
  • Jul 6, 2016 9:09pm Jul 6, 2016 9:09pm
Quoting Davit
{quote} I notice the same but wanted you to go on your pace.No need to rush in.You hit 10% a month in 5years you will be golden. Its about being consistent.Don't jump from system to system.Focus on one and really try to master it. Guitarbloke really has some great insights.Continue on guys.
I hope so...
Thanks for your support !!!!
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