[quote=Blackopal; I suppose there's no risk with liquidity on sugar?. [/quote]
Not advisable to get it wet
Not advisable to get it wet
"You know what needs to be addressed , completely completely reverse that".
Just been reviewing my trades over the past 6 weeks since I started focusing my trading around the pivot method.
Account growth is +40% since July 1st. Equity curve is showing a consistent upward trend.
This was done trading pairs I have never really looked at much before, especially UC and AC. The reason being, the fundamentals on these pairs are easier to work with. In total, I have reduced my trading activity to around 6-8 pairs and in all honesty, upon review, I could have made some better entries (more patience needed) and some trades were exited early (NC comes to mind a few weeks back).
My point is that +40% has been achieved with good money management and position sizing, so giving minimal draw-down, but with many imperfect entries (too early with TDI not confirming, or entering between zones rather than at levels like S/R 61, where a lot of reversals take place) and on several occasions not taking the max PL possible on the trade. With refinement and patience just imagine what could be possible.
Also whilst I have confined my efforts to 6-8 pairs, just reviewing PA on other pairs and instruments, you get a feel for how consistently PA moves between these pivot and S/R zones - irrespective of the instrument.
Account growth is +40% since July 1st. Equity curve is showing a consistent upward trend.
This was done trading pairs I have never really looked at much before, especially UC and AC. The reason being, the fundamentals on these pairs are easier to work with. In total, I have reduced my trading activity to around 6-8 pairs and in all honesty, upon review, I could have made some better entries (more patience needed) and some trades were exited early (NC comes to mind a few weeks back).
My point is that +40% has been achieved with good money management and position sizing, so giving minimal draw-down, but with many imperfect entries (too early with TDI not confirming, or entering between zones rather than at levels like S/R 61, where a lot of reversals take place) and on several occasions not taking the max PL possible on the trade. With refinement and patience just imagine what could be possible.
Also whilst I have confined my efforts to 6-8 pairs, just reviewing PA on other pairs and instruments, you get a feel for how consistently PA moves between these pivot and S/R zones - irrespective of the instrument.
- #1,783
- Aug 11, 2016 9:43am Aug 11, 2016 9:43am
- Joined Jan 2016 | Status: Trader | 1,788 Posts
{quote} Not advisable to get it wet
- #1,785
- Aug 11, 2016 2:26pm Aug 11, 2016 2:26pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #1,786
- Aug 11, 2016 2:29pm Aug 11, 2016 2:29pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Just been reviewing my trades over the past 6 weeks since I started focusing my trading around the pivot method. Account growth is +40% since July 1st. Equity curve is showing a consistent upward trend. {image} This was done trading pairs I have never really looked at much before, especially UC and AC. The reason being, the fundamentals on these pairs are easier to work with. In total, I have reduced my trading activity to around 6-8 pairs and in all honesty, upon review, I could have made some better entries (more patience needed) and some trades...
Great trading! 40% in 6weeks people wish they could do that in a year!!Keep going!
In trading, you have to be defensive and aggressive at the same time
- #1,787
- Aug 11, 2016 3:22pm Aug 11, 2016 3:22pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} aaha....this is what happens when i am tired and ignore PALong day ahead for me and AU
{image}
In trading, you have to be defensive and aggressive at the same time
- #1,788
- Edited 7:59pm Aug 11, 2016 7:41pm | Edited 7:59pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Finally little break on AU
Where are my pivoters
negative here would be nice
AC is at WP 9968 which I expect to be broken even tonight
Where are my pivoters
negative here would be nice
AC is at WP 9968 which I expect to be broken even tonight
In trading, you have to be defensive and aggressive at the same time
- #1,790
- Edited 8:38pm Aug 11, 2016 8:20pm | Edited 8:38pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote}.7600 and below please
I hope for once Chinese actually publish real numbers.They are so crooked everything is basically fabricated their growth,GDP Industrial production all fabrication.
What do you expect from communist government!
Just as background reminder that corrective wave are usually 3 after complication of 5 wave EW
The reason I often mention EW because pivots are actually points where waves turn and waves are on Fibonacci numbers as well.This is one genius Nelson Elliot whom I have tremendous respect.
Its worth reading more on EW.Its extremely fascinating subject.The way I feel about drawing a nude person applies to trading as well.Sure you can draw a nude but an artist who knows anatomy, muscle structure can outdraw a layman.Think all these supplemental knowledge as skeleton,muscles the staff beyond the skin beyond the price.Why does price move the way it does.Its essentially a basic question but not so easy to understand.
In trading, you have to be defensive and aggressive at the same time
- #1,793
- Aug 11, 2016 8:47pm Aug 11, 2016 8:47pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
one of my favorite scenes from Mad Max
This was before all CGI's
Love the Kawasaki
Notice the shooter without a helmet!!Love these old movies
This was before all CGI's
Inserted Video
Love the Kawasaki
Notice the shooter without a helmet!!Love these old movies
In trading, you have to be defensive and aggressive at the same time
- #1,794
- Aug 11, 2016 8:54pm Aug 11, 2016 8:54pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
TP hit on AC. Took a while. And was really challenging, mentally, to hold on. But, that was the goal/challenge this month, to hold longer and aim for larger gains. Davits Pivots gives a good road map to check levels and give realistic entry and exit points, framed around price action, and fundamentals. Beat last months gain in one trade. Thanks mate.
love you man! You got out early though so much more to go down.I am shooting 96Its just 1 wave correction.You could wait for bounce and get in again....provided PA agrees
In trading, you have to be defensive and aggressive at the same time
{quote}
- #1,798
- Aug 12, 2016 2:34am Aug 12, 2016 2:34am
Hi All, I am a newbie. Trying out this system for scalping.EDIT : here's my chart {image}
Let all the living things live blissfully
