In trading, you have to be defensive and aggressive at the same time
- #1,262
- Jul 16, 2016 6:12am Jul 16, 2016 6:12am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
Grabbed another +250 pips on UC long. PA couldn't make it past prior day lows and with strong US data yesterday, targeted the move back up from S38 to pivot - which played out pretty much exactly as planned.
Still short AU and with a missed weekly pivot last week, this gives a target exit area around the 75 level, or perhaps lower if Aussie bulls run out of steam.
Still short AU and with a missed weekly pivot last week, this gives a target exit area around the 75 level, or perhaps lower if Aussie bulls run out of steam.
- #1,264
- Jul 16, 2016 7:24am Jul 16, 2016 7:24am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Grabbed another +250 pips on UC long. PA couldn't make it past prior day lows and with strong US data yesterday, targeted the move back up from S38 to pivot - which played out pretty much exactly as planned. {image} Still short AU and with a missed weekly pivot last week, this gives a target exit area around the 75 level, or perhaps lower if Aussie bulls run out of steam.
Goes to show trading can be profitable consistently if certain things are applied.
In trading, you have to be defensive and aggressive at the same time
- #1,267
- Edited 4:30pm Jul 16, 2016 3:55pm | Edited 4:30pm
- Joined Oct 2013 | Status: Trader | 3,656 Posts
{quote} Hy buddy Nice to have you post here.Your inputs are appreciated.Will look into SPX and thanks for the tip.Well I am glad my wife works...not worried will find something soon.Thanks for concern As far as my ART I sell privately majority of times because galleries take 50-60% which to me is staggering.I do lots of figurative works and just recently started experimenting with animals. Regards
I enjoy reading your post Davit, You've been doing some great trading mate and seem to have a great feel for your system.
hope you can convert it to supporting your family one day so you can keep the art work going. As you know Trading is more of an art/feel than a science and think the mindsets go hand in hand with some added discipline.I don't use the same tools as you but a lot of the time our process is similar and we seem to have very similar entries and thoughts on trades. Something I have been using for years for trade management of profits with great success is the close through the ATR (within context) when price is rotating back to a base especially if there is re-balancing of an inefficient move. I find the ATR a great tool for maintaining a position when the urge is to just take profits. If price is just a flush out and not a rotation then it normally gets you out well or maintains the position well.
A couple of recent examples:
AC, NC and AN
AC one not so quick but keeps you in the trade.
Won't be offended if this is not appropriate for your thread Davit just let me know as don't want to clog your great thread here if don't find it on subject.
- #1,269
- Edited 7:00pm Jul 17, 2016 6:18pm | Edited 7:00pm
- Joined May 2011 | Status: Trader | 1,265 Posts
Hola all. Gold H4. 8hr BUOB. Target WP. Let's make some pips this week. Up 5% so far this month. Target minimum 10% for the month.
E/J D1. BEOB. Tdi crossed down on H4, M15. Swing high rejecting R38. target WP.
E/J D1. BEOB. Tdi crossed down on H4, M15. Swing high rejecting R38. target WP.
'Fail to plan, plan to fail'
- #1,270
- Edited Jul 18, 2016 7:46am Jul 17, 2016 8:36pm | Edited Jul 18, 2016 7:46am
- Joined Nov 2015 | Status: Trader | 412 Posts
S38 to Pivot bouncing from lower channel to upper channel while it was forming ( Bearish cypher pattern ? ) with bullish divergence. +20 pips
+20 pips within channel
+10 pips
Range trading to pivot
+30 pips
+20 pips within channel
+10 pips
Range trading to pivot
+30 pips
- #1,271
- Jul 18, 2016 6:49am Jul 18, 2016 6:49am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #1,273
- Edited 7:09am Jul 18, 2016 6:59am | Edited 7:09am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} 50 - 60% had no idea that galleries sliced that much margin from the sale! anyway its great art work you do Davit, just a pity its hard to make a living from it at the moment. I enjoy reading your post Davit, You've been doing some great trading mate and seem to have a great feel for your system.
your zones drawn are very much on pivots
Green pips my friend
In trading, you have to be defensive and aggressive at the same time
- #1,274
- Jul 18, 2016 7:02am Jul 18, 2016 7:02am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} Hi Davit, Just to make average 10% PM from few goods trades in a week. From your experience what should be the size of lot in relation to equity. For example for equity of 5K what should be the ideal lot size in this mothed for 10% PM. Thanks MK
You can easily reach 500 by end of the month.
Notice I said 10% a month not week.Weekly gain of 10% is achievable and I have but you are under lot more pressure.10% a month consistently is staggering in 5years.Compound the gains.Once you see what can be achieved by study gains then you relax and only take best trades.
http://www.forex21.com/forex-compounding-calculator/
plug your number and see
Focus should be on consistency
In trading, you have to be defensive and aggressive at the same time
- #1,275
- Jul 18, 2016 7:13am Jul 18, 2016 7:13am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #1,276
- Jul 18, 2016 7:22am Jul 18, 2016 7:22am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
Grabbed another +120 pips on UC on the bounce from DOL to weekly pivot. Have a couple of position remaining on UC. Account up +24% for July MTD with focus on Pivot trading method only.
My one is also up +25% and I am trading Pivot method only as well !!!!
- #1,280
- Jul 18, 2016 9:13am Jul 18, 2016 9:13am
AC trade done...abt 23 pips TPed, nice method, thanks Davit
Previous few candles closed above the DOL, indication of PA continue to go north, improved the Exit this time to ride it to next Pivot line.
Previous few candles closed above the DOL, indication of PA continue to go north, improved the Exit this time to ride it to next Pivot line.