Hoping EJ it will get to pivot before the Euro minimum bid rate new. else i will close just before the news.
1
Open Trade near Pivot line (Pivot Point) 14 replies
Weekly Pivot to Pivot Trading 19 replies
The Pivot Net Revisited (Weekly Pivot Net) 41 replies
Help with daily pivot, weekly pivot on MT4 3 replies
Pivot high - Pivot low MT4 3 replies
DislikedHoping EJ it will get to pivot before the Euro minimum bid rate new. else i will close just before the news. {image}Ignored
Disliked{quote} limit orders are just "in case scenario" I operate on assumption that market can do anything anytime.As far as why not buy AU. Once I establish direction on a pair usually based on fundamentals (RBA may cut again) I only trade in that direction only. This only will make sense once you formulate longer term fundies.Fact is USD still dominate and US economy is picking up again.There is no way I would sell USD at these levels. Don't buy NZD on any pair.Thing to do is wait for rally then sell the rallies.Once you establish weakness of the currency...Ignored
DislikedDaily withdraw +25 pips from R38 to pivot. I will look for another opportunity. {image} +20 pips S100 to S78 corrective wave {image} Price action from R78 to R61 +20 pips {image} Double bottom +10 pips {image} +10 pips ( counter trend with corrective wave , couldn't go up to 32 % ) {image} Price action +23 pips {image} Price action cross pivot +20 pips {image}Ignored
Disliked{quote} limit orders are just "in case scenario" I operate on assumption that market can do anything anytime.As far as why not buy AU. Once I establish direction on a pair usually based on fundamentals (RBA may cut again) I only trade in that direction only. This only will make sense once you formulate longer term fundies.Fact is USD still dominate and US economy is picking up again.There is no way I would sell USD at these levels. Don't buy NZD on any pair.Thing to do is wait for rally then sell the rallies.Once you establish weakness of the currency...Ignored
DislikedJust wanted to thank you for the great strategy davit. Practised for a few weeks and became consistent over that time, opened an account with $500 and within 7 trading days results are amazing . Anyone new to this strategy... Understanding price action reversal paterns, harmonics, fibs and most importantly PATIENCE is key factors towards successful application of this method Thanks again {image}Ignored
Disliked{quote} Hi pipsniper Great results actually outstanding and been there and done it however one advise if I may reduce your position size.You are risking way too much in relative to account size. What you don't want is get overconfident then blow the account to bust.Trust me I did it and many have as well that's why I always say go small and build the account in rational manner.This the reason when people show 1500% return in 3months I usually know by the end of the year they won't have an account to speak off.Its one of the pitfalls of trading on...Ignored
Disliked{quote} Thanks Davit, i hear you ... im not new to trading, just been trying out a lot of strategies for a good cupla years, and yours seems to be the most simplistic and straightforward i've come accross in a while, which combines most of the strategies i've been learning about over the years into one basic method/ Will definitely calm down now on the lot size, just got a bit excited with all the confluence leading to the increase position size Thanks againIgnored
Disliked{quote} That's fantastic and glad you joined us. I generally hit 20+% a month without any stress and not even trying hard meaning without increasing position size. As you know there is advantage for smaller lot. Price is at 61R PA was bear and everything looked good and you went short large lot. Price spikes 30pips against you could be some pinhead saying something somewhere and you are immediately over 100 in the hole and panic and take the loss. Now same scenario with smaller lot you could add more on top of spike and increase your position by...Ignored
Disliked{quote} Yes i definitely get that, just felt the need to increase equity for security towards smoother trades with smaller lot sizes and aiming for minimum drawdown, and thats how i figure you stack positions to exploit the initial drop on R61 Im glued to your thread though, to much noise on trade groups and chats etc.Ignored
DislikedDaily withdraw Bit late entry +20 pips PA from R61 to R38 {image} Fast and furious +20 pips PA to pivot. {image} Corrective wave trading +21 pips {image}Ignored