Let all the living things live blissfully
- #2,322
- Edited 3:46am Sep 5, 2016 3:27am | Edited 3:46am
- | Joined May 2015 | Status: Trader | 30 Posts
Its a pair I don't trade but caught my attention.Very severely outstretched watching it {image}
NJ overstretched at R138 on Friday but doesn't look as dramatic on Monday around R38.
Obviously, price action hasn't changed so pivot plus price action MUST be taken into consideration.
- #2,328
- Edited 5:55am Sep 5, 2016 5:37am | Edited 5:55am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
very entertaining thread
Searching for the truth
some of the posts are
entire thread actually
this is kind of shit people get attracted to then no wonder there is no progress after 14years that's 14 years!
why can't this idiots actually look up people here at FF that make daily pips everyday
like CNtrader,Scott,likica (TMS30 actually really good trader) even our Arjun here why not.Point I am making is there are traders making money they just are not the majority...well in general 10% of anything are actually good what they do 10% of plumbers,electricians.teachers etc. 10% that do well have deduction.passion and care what they do and rest just go through emotions.
We all seen thousands of Chinese and Indian kids in business schools because their parents forced them to be there then you wonder what percentage of those would be good at it when the choice of the career was not even selected by them...
"Don't waste time with PA, s/r, s/d, fibs, levels and whatnots, that's the illusion right there."
"It's not about TA, FA, PA, indicators, far from it. It's about the price where can you see an edge, can you ?"
Searching for the truth
some of the posts are
entire thread actuallythis is kind of shit people get attracted to then no wonder there is no progress after 14years that's 14 years!
why can't this idiots actually look up people here at FF that make daily pips everyday
like CNtrader,Scott,likica (TMS30 actually really good trader) even our Arjun here why not.Point I am making is there are traders making money they just are not the majority...well in general 10% of anything are actually good what they do 10% of plumbers,electricians.teachers etc. 10% that do well have deduction.passion and care what they do and rest just go through emotions.
We all seen thousands of Chinese and Indian kids in business schools because their parents forced them to be there then you wonder what percentage of those would be good at it when the choice of the career was not even selected by them...
"Don't waste time with PA, s/r, s/d, fibs, levels and whatnots, that's the illusion right there."
"It's not about TA, FA, PA, indicators, far from it. It's about the price where can you see an edge, can you ?"
In trading, you have to be defensive and aggressive at the same time
- #2,329
- Sep 5, 2016 5:38am Sep 5, 2016 5:38am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} In forex trading anything else, is complicated Nice system to guarantee positve pips ...everyday. Thanks Davit.{image}
In trading, you have to be defensive and aggressive at the same time
- #2,332
- Sep 5, 2016 6:45am Sep 5, 2016 6:45am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} Shorter time frame for clarity. I don't have to draw the S & R on the chart, but for educational purposes, it may help new traders understand the realtionship between Pivot Point and S & R. Once you trained your eyes in looking at the chart and PA, in relation to Pivot Point, then, this will be meaningful and easy to trade. P/S - dont' forget your SL. If the price retrace or pull back, add on to your position. {image}
Reason this is advance trading because this should be automatic.I mean looking at left S/R should be default in addition of this system.
If you are not sure how to stay longer on your trade look at H1 specially H4 candles and anglelator arrows.If they are red and you are selling stay on it.
In trading, you have to be defensive and aggressive at the same time
You may be wondering , why I went LONG for this pair earlier. Now I'm going for SHORT.
As I was saying, Monday is when price normally does whatever it want. But my bias for this pair is BEARISH.
During during Tokyo Session, price went down at very slow pace, inviting a lot of traders to go for short. These are trap laid out for anyone who went for short ( taking SL & taking your money.). Went for LONG for quick buck (200+ pips) at Minor Support, with 2 full lot and 2 smaller lot.
Price spiked around 100 pips, to take out all SL. Notice that the price, stop rising at Daily opening price, and start sliding down again.
For this short, I went in with 0.05 lot, very cautious as price is still testing the minor support, before testing the major support ( Weekly Pivot).
Price may bounce at Weekly Pivot if it reaches it, today/tomorrow.
Notice that , the current 240mins candle will close in 35 mins from now. If the candle closed bearish, chances I will add more short position.
It mat go the opposite way, but my risk is small.
As I was saying, Monday is when price normally does whatever it want. But my bias for this pair is BEARISH.
During during Tokyo Session, price went down at very slow pace, inviting a lot of traders to go for short. These are trap laid out for anyone who went for short ( taking SL & taking your money.). Went for LONG for quick buck (200+ pips) at Minor Support, with 2 full lot and 2 smaller lot.
Price spiked around 100 pips, to take out all SL. Notice that the price, stop rising at Daily opening price, and start sliding down again.
For this short, I went in with 0.05 lot, very cautious as price is still testing the minor support, before testing the major support ( Weekly Pivot).
Price may bounce at Weekly Pivot if it reaches it, today/tomorrow.
Notice that , the current 240mins candle will close in 35 mins from now. If the candle closed bearish, chances I will add more short position.
It mat go the opposite way, but my risk is small.
Let all the living things live blissfully
- #2,335
- Sep 5, 2016 7:44am Sep 5, 2016 7:44am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
NC is fast becoming a fav pair of mine, I can see why its also one of Davit's fav. 2 entries total of 105 + 118. Have a great week guys. Cheers MR {image}
My massive positions still all there.May wait until end of the month to hit TP 92 would be nice
Don't overlook AC one of my faves as well
In trading, you have to be defensive and aggressive at the same time
aah my pivot fams 
MAAN you guys are killing it without me
... been too distracted to trade cos of other self employment distraction obligations.... 
cant wait to build up my trade account more so that i can hang out with you guys daily and milk these pip cows
MAAN you guys are killing it without me
... been too distracted to trade cos of other self employment distraction obligations.... cant wait to build up my trade account more so that i can hang out with you guys daily and milk these pip cows - Arjun-LE1 awsum posts man, learnt alot in the past 30 mins of catching up on THE ONLY THREAD TRADERS SHOULD BE ON
- mraam
- Davit
Will be back on the charts soon as i can focus again boys
- #2,340
- Sep 5, 2016 11:21am Sep 5, 2016 11:21am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time