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Pivot Trading

  • #4,961
  • Nov 11, 2016 4:15am Nov 11, 2016 4:15am
Quoting Arjun-LE1
{quote} Look at the pin on daily. Go to 240M. What do you see ? It has become a good support. today. {image}
Thank you so much.
  • #4,962
  • Nov 11, 2016 4:28am Nov 11, 2016 4:28am
Hi Everyone

Hope everyone is doing well.
I am also in on the USDJPY

Green pips to all
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  • #4,963
  • Nov 11, 2016 4:32am Nov 11, 2016 4:32am
Went against GBP with GBPJPY, -60 pips hits the stop loss than it falls. Hope to refund by the end of the day.
"Letting losses run is the most serious mistake made by most investors."W.O
  • #4,964
  • Nov 11, 2016 4:35am Nov 11, 2016 4:35am
Quoting Arjun-LE1
{quote} Going to get my refund on this pair {image}
Getting my refund plus some coffee money
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Let all the living things live blissfully
  • #4,965
  • Nov 11, 2016 4:57am Nov 11, 2016 4:57am
Closed these 2 trades for nice pips still in dd for EU
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  • #4,966
  • Nov 11, 2016 5:13am Nov 11, 2016 5:13am
JPY fun

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  • #4,967
  • Nov 11, 2016 5:30am Nov 11, 2016 5:30am
EU

High Risk Trade. No refund.

Who buy here ?
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Let all the living things live blissfully
  • #4,968
  • Nov 11, 2016 5:39am Nov 11, 2016 5:39am
Quoting Arjun-LE1
EU High Risk Trade. No refund. Who buy here ? {image}
Please Arjun-LEI, will appreciate why you consider EU to be a high risk trade at this moment. thank you for your help.
  • #4,969
  • Edited 6:08am Nov 11, 2016 5:42am | Edited 6:08am
Quoting Davit
{quote} Very nice gain 10% in 1 week and Mraam hit 25% I am proud and happy you guys are piling pips. What I shared on this thread proves that you don't need 20 indicators and idiotic concepts to make money.What I shared is real trading. Very proud of you guys I am extremely busy lately work related and can't participate much but do read your posts.Apologize for not being as active.
I can't imagine how you manage all. ( work, family, trading, forum ) Specially if you are at work first three months. You reminded me how stressful I was when I started with new company with new procedure & people. Take care my friend. & take it easy!!!
  • #4,970
  • Nov 11, 2016 5:45am Nov 11, 2016 5:45am
Quoting Arjun-LE1
EU High Risk Trade. No refund. Who buy here ? {image}
I'm actually on DD, and just longed again from the same point as yours .
There will be another visit to 1.1050 before December. so i remain confident.
"Letting losses run is the most serious mistake made by most investors."W.O
  • #4,971
  • Nov 11, 2016 6:08am Nov 11, 2016 6:08am
Quoting ayoayo
{quote} Please Arjun-LEI, will appreciate why you consider EU to be a high risk trade at this moment. thank you for your help.
Don't trade this pair if you cannot stomach the Draw Down.

My explanation on high risk is in the chart. Most traders don't touch this pair. It just stalled.

Open your own 240M Chart to see things clearly.

If you want to trade ( scalp) go to EA. That will be better choice to trade than this.
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Let all the living things live blissfully
  • #4,972
  • Nov 11, 2016 6:24am Nov 11, 2016 6:24am
Some recovering thanks to JPY.
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"Letting losses run is the most serious mistake made by most investors."W.O
  • #4,973
  • Nov 11, 2016 6:50am Nov 11, 2016 6:50am
Quoting MoneyTalks58
{quote} Dear davit, you had a comment about ea and eu previosly and you were not on the long side in that image. Today your eu idea is long bias. The price pattern looks same. What is the change? I am trying to improve my view. If i understand this i will make better trades. Thanks.
Hi MT
Don't have much time but quickly when I went longs on EU PA showed bullish candles and at one point was in profit on all my positions but after 6hrs things are not looking so great.
I trade small and my SL range 100-300 pips depending on pair and position size hence price dropping -50pips does not bother me.Most times its stop hunting taking out weak longs before real move begins.This is dog eat dog environment and I adapting my trading style to overcome whatever market makers throw at me.I reduced my lots and my leverage and I enter at key turning points.
My EU was at 78S which is great level and even better at 100S. You are not going to hit every trade but have to look at your gains like a business 3 months Q/Q periods otherwise you will be an emotional ping pong going up and down every day.That's not good.Anyway reason again I went long 78S and to me that's a great level.Will it work? Don't know.
As Mark Douglas says "I don't need to know the future to make money"I gambled sports 5yrs and trading 5yrs so I have about 10yrs of experience.Been extreme low emotionally and extreme high but now I don't get too emotional either way.I am like Buddha now "let the price do its thing"You must keep level head calm no panics.Develop confidence,positive thinking and objective analyses.Market is not scary once you figure out how to beat it.
cheers
In trading, you have to be defensive and aggressive at the same time
  • #4,974
  • Nov 11, 2016 7:00am Nov 11, 2016 7:00am
UC shorts over 7positions
hit 100S
Please don't ask me why.If you ask me that I will have to make you read the 1st page and watch Mark Douglas all over again.
Its simple probability EDGE over series of trades- large sample size.That's my system in nutshell
In trading, you have to be defensive and aggressive at the same time
  • #4,975
  • Nov 11, 2016 7:03am Nov 11, 2016 7:03am
Quoting Davit
{quote} Hi MT Don't have much time but quickly when I went longs on EU PA showed bullish candles and at one point was in profit on all my positions but after 6hrs things are not looking so great. I trade small and my SL range 100-300 pips depending on pair and position size hence price dropping -50pips does not bother me.Most times its stop hunting taking out weak longs before real move begins.This is dog eat dog environment and I adapting my trading style to overcome whatever market makers throw at me.I reduced my lots and my leverage and I enter...
In a forum i couldnt imagine such people response this way. But now i can imagine. Thanks arjun mramm davit and others.
  • #4,976
  • Nov 11, 2016 7:11am Nov 11, 2016 7:11am
Got to go now but Fischer is talking today and he is not too hawkish guy.Things are going well at US open we'll see next week how things unfold after knee jerk reactions of Trump victory.
Green pips guys
In trading, you have to be defensive and aggressive at the same time
  • #4,977
  • Nov 11, 2016 7:21am Nov 11, 2016 7:21am
Quoting Davit
UC shorts over 7positions hit 100S Please don't ask me why.If you ask me that I will have to make you read the 1st page and watch Mark Douglas all over again. Its simple probability EDGE over series of trades- large sample size.That's my system in nutshell
Hi Davit, good to see you are still taking pips with your busy schedule. It's harder though when you can't spend much time on the computer. I see why you went short U/C.
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  • #4,978
  • Nov 11, 2016 7:32am Nov 11, 2016 7:32am
Quoting Arjun-LE1
EN {image}
Someone asked me, Why do I went LONG for EURNZD ?

By looking at the 240M Chart, sign of bear with couples of Pin Bar.

Most will go for short. Any indicator in the world will tell you to SHORT.

But I trade using Weekly/Daily Set Up.

Trading is about Physcology. Don't be with the 95%. You have to stand out to make money here.
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Let all the living things live blissfully
  • #4,979
  • Nov 11, 2016 7:34am Nov 11, 2016 7:34am
Quoting Arjun-LE1
{quote} Someone asked me, Why do I went LONG for EURNZD ? By looking at the 240M Chart, sign of bear with couples of Pin Bar. Most will go for short. Any indicator in the world will tell you to SHORT. But I trade using Weekly/Daily Set Up. Trading is about Physcology. Don't be with the 95%. You have to stand out to make money here. {image}
Learn to read the market, don't read candle in isolation
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  • #4,980
  • Nov 11, 2016 7:46am Nov 11, 2016 7:46am
Quoting Arjun-LE1
{quote} The secret of trading Pivot Point is to follow its trend until it reaches the next Pivot Point. In this case Weekly Pivot to Weekly R38. Look at the PA and decide, how price will react to the Pivot Point. {image}
R61 reached.

Bit late to get out, just to let the 4hr Candle to close first.

This is Davit's Pivot Point Trading Method.

Start with Weekly Pivot Point, moved to Weekly R38, then you settle with R61.

Just watch the PA, look at what market is doing.

Note : Each trade is 200+ pips
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