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Pivot Trading

  • #4,261
  • Oct 20, 2016 4:13am Oct 20, 2016 4:13am
Quoting mraam
Trades for the day, all still running, Cheers MR {image} {image} {image} {image}
Excellent trades Mraam and nice humble lot sizes as well.I can see you are basically trading stress free and when you are relaxed you see the trades better.
Keep it up
In trading, you have to be defensive and aggressive at the same time
  • #4,262
  • Oct 20, 2016 4:15am Oct 20, 2016 4:15am
Quoting Arjun-LE1
Long GU {image}
Loss -22 pips
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Let all the living things live blissfully
  • #4,263
  • Oct 20, 2016 4:17am Oct 20, 2016 4:17am
Quoting Arjun-LE1
Long GU {image}
PA is bearish now. Should Draghi move EU north which I think most likely scenerio GU will sail up on the wings of EU as well but in case opposite GU will follow EU south.
Key player today is ECB

never mind you cut is loose which I think its wise considering uncertainty of what's coming up.
Notice guys he ONLY had 1 position and cut it with extreme minor loss but he collected mega over 1k pips with ME positions.That's the advantage of ME cut it light but build it strong.
Well done managing the trade.
In trading, you have to be defensive and aggressive at the same time
  • #4,264
  • Oct 20, 2016 4:33am Oct 20, 2016 4:33am
One of the key aspects of why 95% of retail traders lose in the business is being underfunded.
One way to increase your funds is by decreasing lot size.
If you have 1k account you should trade .03 .02 .01 lot sizes and not exceed total $1 dollar a pip.
You should trade lowest possible leverage

now your lot size matches with your account and you can trade stress free.That's the key trade with relaxed state of mind almost like mediation.
As your account increases your lot size should incrementally increase hence always keeping it under control.
This is critically important.Nothing worse then being forced to take a loss at 100 pivot then price reverses to your direction without you and only reason you got out because pain was too much and why pain in the 1st place? Position was too big so your trade management WAS TO BLAME NOT THE SYSTEM.
Just a reminder guys thank you
In trading, you have to be defensive and aggressive at the same time
  • #4,265
  • Oct 20, 2016 4:37am Oct 20, 2016 4:37am
[quote = pescante; 9208438] {} cotización buena Fibo trabajo Elimine los indicadores adicionales (MA de) al contabilizar here.Need para mantener este hilo consistentes Gracias por su comprensión [/ quote]
Thanks,
OK I remove the MA´s
  • #4,266
  • Oct 20, 2016 4:43am Oct 20, 2016 4:43am
Quoting fibo38
[quote = pescante; 9208438] {} cotizacin buena Fibo trabajo Elimine los indicadores adicionales (MA de) al contabilizar here.Need para mantener este hilo consistentes Gracias por su comprensin [/ quote] Thanks, OK I remove the MAs

Its important for you to see PRICE in relation to pivots.When you add a variable like MA's it distorts the reality.Now your mind can't decide on a trade because somehow you placed more importance on MA then a pivot. On my thread there is always a reason why I try to keep this thread focused.
thank you

We are trading emotions, swings are waves made up of other people's perception of price.There is exhilaration and exhaustion on this emotions (swings) and pivots helps us locate those 2 opposite points of the swing.MA's are to some degree just mathematical history Independent of emotions.In comparison to pivots they are not leading indicator but lagging and not my preferred way to trade.
In trading, you have to be defensive and aggressive at the same time
  • #4,267
  • Oct 20, 2016 5:20am Oct 20, 2016 5:20am
Quoting Davit
{quote} Excellent trades Mraam and nice humble lot sizes as well.I can see you are basically trading stress free and when you are relaxed you see the trades better. Keep it up
Thanks buddy, , very little time to trade this week. There was weakness in AUD compounded by the poor fundie pushed it down. I would have entered more if i was watching the charts.

Hope you're making some pips.

Cheers
MR
Silence your Ego & Your Power will Rise
  • #4,268
  • Oct 20, 2016 5:23am Oct 20, 2016 5:23am
Quoting mraam
{quote} Thanks buddy, , very little time to trade this week. There was weakness in AUD compounded by the poor fundie pushed it down. I would have entered more if i was watching the charts. Hope you're making some pips. Cheers MR
not making pips.Worst stretch for me.Need to be patient.
thank you
In trading, you have to be defensive and aggressive at the same time
  • #4,269
  • Oct 20, 2016 5:37am Oct 20, 2016 5:37am
Quoting Davit
{quote} not making pips.Worst stretch for me.Need to be patient. thank you
You'll get it rolling again im sure, stay cool.

Cheers
MR
Silence your Ego & Your Power will Rise
  • #4,270
  • Oct 20, 2016 7:21am Oct 20, 2016 7:21am
Quoting Davit
{quote} not making pips.Worst stretch for me.Need to be patient. thank you
In the same boat - have my army lined up - but very little price action. Waiting patiently is a much underrated skill!
  • #4,271
  • Oct 20, 2016 7:35am Oct 20, 2016 7:35am
Live Draghi feed
http://www.bloomberg.com/live

what is fascinating how market reacts to every word.Come on Draghi say something positive
In trading, you have to be defensive and aggressive at the same time
  • #4,272
  • Oct 20, 2016 7:44am Oct 20, 2016 7:44am
Quoting Davit
Live Draghi feed http://www.bloomberg.com/live what is fascinating how market reacts to every word.Come on Draghi say something positive
Just closed all short positions on DAX from 10665. The set up from R38 was not just fine but perfect.

Cheers!
Success is nothing more than a few simple disciplines, practiced every day.
  • #4,273
  • Oct 20, 2016 7:56am Oct 20, 2016 7:56am
Got some pips back with the remaining batch of longs on EA. Glad I held on. +236
EN also hit my first TP. +67

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  • #4,274
  • Oct 20, 2016 7:59am Oct 20, 2016 7:59am
Just closed all EU trades for a loss of 80 pips was at one stage 800 down decided to take a small loss,and AF for 200 pip gain
  • #4,275
  • Oct 20, 2016 8:04am Oct 20, 2016 8:04am
too dovish
This guy just does not want strong Euro. Looking to get out even with a loss on EU trades
In trading, you have to be defensive and aggressive at the same time
  • #4,276
  • Oct 20, 2016 8:31am Oct 20, 2016 8:31am
Quoting Ibar51
Just closed all EU trades for a loss of 80 pips was at one stage 800 down decided to take a small loss,and AF for 200 pip gain
Think it was a good decision
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  • #4,277
  • Oct 20, 2016 8:33am Oct 20, 2016 8:33am
Quoting ThirdConfig
Got some pips back with the remaining batch of longs on EA. Glad I held on. +236 EN also hit my first TP. +67 {image}
congrats!
With that spike up i actually can exit EA with nice profit, too bad im not in front of my chart. Now i just wait and see
  • #4,278
  • Oct 20, 2016 9:34am Oct 20, 2016 9:34am
Selling Kiwi Post 4235
+269 im out.
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I know one thing, that I know nothing - Socrates
  • #4,279
  • Edited 9:59am Oct 20, 2016 9:42am | Edited 9:59am
Quoting Ibar51
{quote} Think it was a good decision {image}
So....)
lets never forget that the market by its nature is a great active prostitute(supposedly trans)))))))),whose only job is fuck as much as people it can.
I even couldn't imagine 1,5 hours ago,that the price on DAX would pullback from R61,but now it is A fact. Control the risk and your trades,and only by achieving this you have positive chances in this business.

Rgs.,
Success is nothing more than a few simple disciplines, practiced every day.
  • #4,280
  • Oct 20, 2016 10:21am Oct 20, 2016 10:21am
Note to self: losses are part of the game. Just stick to the script and you'll be fine.

NZ short. +146 and still going. Aiming for R38.

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