AU hit SL..
Looking for another entry for short..
Looking for another entry for short..
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
- #4,243
- Oct 19, 2016 10:39am Oct 19, 2016 10:39am
- Joined Mar 2016 | Status: Full Trader | 1,378 Posts
- #4,248
- Edited 5:14pm Oct 19, 2016 5:02pm | Edited 5:14pm
- | Joined Aug 2016 | Status: Trader | 173 Posts
{quote} Hi Tim welcome I generally add positions between 61-100 pivots. You also have to watch if the trade is working meaning has chance to succeed. Good edge trade is now NU 78R and didn't pass 100 hence has a good probability to retrace. Its best to add more if previous orders in profit then move SL BE and then continue.Adding to winners generally is what I recommend as Arjun demonstrated on his last GU longs. regards
Thanks for the answer Davit!
I'll drop off another question that popped up reading your answer.
I saw on one of your trade, you enterd like 8-10 candles before the drop happend, when the price was still going up - do you do this most of the time to be able to add aggresively as price slowly starts to slow down and eventually retrace? or do you wait for confirmation more often than not? What i've been doing so far is mixing your method in with the 3 bar fractals entry.. but that's making me "sometimes" miss the bigger portion of the move. Why i use the 3 bar fractal is because i'm not 100% with this method yet i guess.. takes some time adjusting
but so far been getting good results atleast 
! thanks for that haha~ Tim
Oh and thanks for the welcoming!
edit;
Can i bother you for a daily chart or something of your EU? just wanna see if i got my chart lined up properly! hehe
- #4,249
- Oct 19, 2016 5:28pm Oct 19, 2016 5:28pm
- Joined Jan 2016 | Status: Trader | 1,788 Posts
{quote} Thanks for the answer Davit! I'll drop off another question that popped up reading your answer. I saw on one of your trade, you enterd like 8-10 candles before the drop happend, when the price was still going up - do you do this most of the time to be able to add aggresively as price slowly starts to slow down and eventually retrace? or do you wait for confirmation more often than not? What i've been doing so far is mixing your method in with the 3 bar fractals entry.. but that's making me "sometimes" miss the bigger portion of the move....
Hi Timnyman
Check Davit's post no. 4181 Oct. 17 9:52 A.M. UJ daily chart. Pivots are weekly and change every Monday, so you can refer to Davit's charts Monday to sync your charts with his.
{quote} Hi Timnyman Check Davit's post no. 4181 Oct. 17 9:52 A.M. UJ daily chart. Pivots are weekly and change every Monday, so you can refer to Davit's charts Monday to sync your charts with his.
Thanks! got them all fixed now
!
- #4,252
- Edited 7:42pm Oct 19, 2016 7:11pm | Edited 7:42pm
Weird week so far, markets are very passive. Got burned trying to take a weak setup.... It's important to stay disciplined.
2 HRs until AUD employment data. I don't think I'm alone carry DD on the Aussie. And the KIWI. Both between R78 and R100. Deciding now where to put SL on A/U. August high was half way between R100 and R138. Also holding shorts against JPY
Atm - all Aud & Nz crosses are flying high, nice ones to catch on the way down.
Cheers
Dedicated to the AUD
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MR
Silence your Ego & Your Power will Rise
- #4,260
- Oct 20, 2016 4:11am Oct 20, 2016 4:11am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
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Please remove the extra indicators (MA's)when you post here.Need to keep this thread consistent Thanks for your understanding
In trading, you have to be defensive and aggressive at the same time