Pivot Trading

Quoting Davit

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ok guys let me put this out there I have been always recommended to trade small.That's to control the trade properly. Let me give you an example if you have 2k account and your Euro trade is -$300 that should of been cut way earlier at -100 max.I can't manage your account but we are dealing in Forex that anything can happen. I have been very transparent and open and have mentioned there is 30% chance given sample size pivot zone 61-100 does not hold. =deleted=

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Quoting mooselover

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The Mark Douglas videos, part 2 & 3 on YouTube were taken down a few minutes ago with a screen saying along the lines of "This video is no longer available per Paula T Webb. A google search shows she is co-author on multiple books with Mark Douglas. I see they have a book published this year. Video Part 4 is still working as of this moment.

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Quoting Davit

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http://www.bloomberg.com/live feds minutes discussion divided Fed on rate hike. Might be sharp move on USD but should get corrected soon.

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Quoting dttsomh

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Big green pips for EU and UJ in my trades. Thanks FOMC

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Quoting Davit

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{quote} UJ might drop big.Put your SL protecting profits then let it roll down We must try maximizing gains

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Quoting Davit

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ok guys let me put this out there I have been always recommended to trade small.That's to control the trade properly. Let me give you an example if you have 2k account and your Euro trade is -$300 that should of been cut way earlier at -100 max.I can't manage your account but we are dealing in Forex that anything can happen. I have been very transparent and open and have mentioned there is 30% chance given sample size pivot zone 61-100 does not hold.Usually happens on strong fundemetal factor like today Feds minutes.Other then that there are losses...

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Quoting hammadshahir

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{quote} SPX holding up. If it start trading lower, we may see JPY pairs stronger or may be AUD/NZD? Now a days too many 'safe heaven'

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Quoting Ibar51

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{quote} I have to agree totally with Davit I have only been using this system for 3 weeks but been trading for 3/4 years last night when I decided to go to sleep I was 800 plus pips down on 20 trades 4 pairs AZ EA EU CF this would have caused me a sleepless night a few weeks ago. I had no stop loss in place I had a figure of 3% of my account as DD was above 2% when I slept, Woke up checked my trades Cf closed with 50 pip profit others still going but drawn down is less than 1%. Before I would have closed the trades with a loss. I have to thank Davit...

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Quoting Davit

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{quote} I took the plunge on this 5 positions {image} {image}

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Quoting Ricardo.FX

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Hello, I've been following this thread for a while now and I'm loving Davit's Weekly Pivots with the TDI. Surprisingly I actually believe that the Mark Douglas videos that Davit introduced were even more important for me as a trader than his system. I was (and still am sometimes) guilty of all the classical "mistakes" and mindset that amateur traders have. He really opened my eyes for the way professional traders look for an edge in a trading system and stick to it hence playing the odds and not one particular trade. Anyway, I appreciate all the...

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