Pivot Trading

Quoting gomab11

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Hi davit...great thread.. i will definately be following it...a question what you think about EA playing around here at this resistance...is it getting whoozy and reading to fall off cliff?

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Quoting Davit

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{quote} Had your position been small you could of held and add more from 32. Please read my comments on position size.You don't reduce your size then you are going to take loss after loss because market spikes all the time regards

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Quoting Davit

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{quote} welcome I am short on It ATM just need to wait.Lot of things will get moving by friday and whole lot more after rate decision

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Quoting Davit

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This is what I am talking about I have UC shorts in minor DD and its fine.I can easily hold this and should price jump to 3280 which is unlikely but should it get there my positions will be there and I most likely will add higher up and wait.Sometimes you must think like an investor you are buying great price at discount and only requirement is to wait. Jesse livermore perhaps greatest trader ever lived (not far from where I live) It was never my thinking that made the big money for me, it always was sitting.. {image}

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Quoting wizlon32

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Hello Davit and all. I managed to get short on EC from R100. I noticed that price was showing signs of weakness and TDI was OB while Iwas on my lunch break. I went back to work and kept monitoring on my phone. A little technical error meant that my initial trade was only 0.01 lots but over all really happy with the result. {image}

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Quoting Davit

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This is what I am talking about I have UC shorts in minor DD and its fine.I can easily hold this and should price jump to 3280 which is unlikely but should it get there my positions will be there and I most likely will add higher up and wait.Sometimes you must think like an investor you are buying great price at discount and only requirement is to wait. Jesse livermore perhaps greatest trader ever lived (not far from where I live) It was never my thinking that made the big money for me, it always was sitting.. {image}

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Quoting S3ntin3l

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Short on EG at R61..... {image}

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Quoting gomab11

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{quote} Great! one quick question tho...i know i read this in the thread about your when you take profit..but if i can ask you again...do you take profit on pure price action against you at s/r or do you follow your trades placing your stops behind s/r or u just go for a tardet or do you just have another way..sorry if im being redundant...it just i can get into great positions thats simple..but i have a hard time cashing out...sometimes holding for more and end up getting a small percent of what i had..not cool

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Quoting wizlon32

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Hello Davit and all. I managed to get short on EC from R100. I noticed that price was showing signs of weakness and TDI was OB while Iwas on my lunch break. I went back to work and kept monitoring on my phone. A little technical error meant that my initial trade was only 0.01 lots but over all really happy with the result. {image}

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Quoting mch1970

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{quote} Nice trading wizlon32. Also short EC and UC from R78 and R100. As Davit mentioned these pairs should start to move as we approach the Sept Fed meeting.

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Quoting wizlon32

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{quote} Thanks mch1970. Davit, I have not managed to read the whole thread yet but I am working my through from the beginning, trying to pick out little nuggets along the way. For example I have used the Daily Open Line and ADR Values before in my trading, but today I have read how you apply them and suddenly they seem mch more practical and valuable. Now they will be on my charts and not just as meaningless clutter. I will keep reading

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Quoting Davit

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{quote} I follow market situation.Some pairs are in range NC AC for example and some have higher probability making over 100pips distance.You must identify the nature of the pair you are trading.Trending or ranging.Once that is out of the way you should take 50-100pips targets.I sometimes go longer or shorter depending on PA So there is no generic formula.Every pair sort of has a personality and moves unique way.Beauty of my system is that it eliminates guesswork irregardless of the pairs. regards

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Quoting Davit

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Biggest dilemma lot of new traders face is not understanding nature of probability. They chase system after system and after few losses move on to another system and this goes on for average 3-5yrs until something hits you in the head. What is critical to understand that just about every average system is profitable provided you give enough sample size with defined edge until probability plays out. That could mean 100 trades.Most gave up after 10.In fact there are guys here on this thread made good money then dissipated.I just know they are blindly...

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Quoting hammadshahir

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Good system Davit! 150+ PIPS and counting. Good thing is that you know where you SL is. Posting GBPCAD daily chart, though I trade w/ this system 4H chart only. {image} {image}

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