Hi guys First time Entered 2 micro lots. Usually trade one lot. But this strategy inspires confidence. As does Davit.
DD
DD
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Disliked{quote} Hi Caa welcome I try to simplify everything.Main question you have to ask is this.Does the original trade still valid.The reasons of your trade in the 1st place.If yes you add more positions to me irregardless if previous entries are red however if the reasons you got in is no longer works get out. You have to treat ME as 1 trade with mini legs.Sort of like a fish net. Adding to winning position is ideal.That's how Jesse Livermore build his massive fortunes in the 20's and 30's with little starting capital.Book is on my profile.Very...Ignored
Disliked{quote} Just wanted to give a quick update on ECHF this week. It also highlights the importance of price action in relation to the pivot zones. Sometimes you just have to apply the logic of what price is doing in relation to past Support and resistance, in order to make the decision to trade and ECHF is one example. {image} The last month has seen the 0980 level rejected on at least 6 occasions. In terms of this weeks price action that particular level only reached the R38 level before turning south. Waiting blindly for R61 would have meant no trade...Ignored
Disliked{quote} Great thread. I love traders who focus on probabilities. Can you provide a practical example including % likelihood in a trading sense ie if A occurs then X% chance that B occurs etc. Just discovered this thread so lots of reading and setting up MT4 to do!!Ignored
Disliked{quote} Hi T Welcome.Please watch Mark Douglas videos and he covers that clearly. I think you are thinking probabilities in traditional sense "if A occurs then X% chance that B occurs etc." In trading its little different.Please watch the videos cheers.Ignored
DislikedHi guys First time Entered 2 micro lots. Usually trade one lot. But this strategy inspires confidence. As does Davit. DD {image}Ignored
Disliked{quote} Very much appreciated young man i will watch these. Im curious that there could be a "better" way to look at the prob of market outcomes. I will certainly get back to you. Nearly midnight here so will fall asleep listening to video 1. Cheers mate TimIgnored
Disliked{quote} Hi D looks like you are new trader.I highly advise you trade the majors and crosses that are under 130ADR Stay away from GJ GN GA GN unless you know what you are doing.I don't trade them and I have lot of experience. cheers keep up the good workIgnored
DislikedЗдравствуйте, товарищи. Я в трейдинге новичок, сам из России. Уже слил 5 депозитов в 0, но эта стратегия...Ignored
QuoteDislikedYou joined FF 52 mins ago, downloaded the template, started trading AND now you ask - "how to use that TDI indicator, because it has different colors in comparing with default TDI indicator."
DislikedMost of the newcomers are getting tempted by the amount of pips experienced traders are making using Davits pivot strategy (100's, 200's....600 pips per trade) and thinking wow this is a get rich quick strategy and I should just start using it with 5 to 10 dollar a position per trade. And this is where it falls apart. This is not a 1. Get rich quick system/strategy (Nothing in Forex is) 2. The pips made in a trade are solely depended on your position size 3. You and only you know your risk appetite, so it is you who need to manage your drawdown...Ignored
DislikedNice trades, guys! I was working on location today so no trading. Held my trades from yesterday and came home to some nice pips. NC, still ranging but now on +60 {image} AN, +203 {image} Just locked in some profit but planning on letting it run tomorrow. Hoping to catch a Friday move.Ignored