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Pivot Trading

  • #7,201
  • Feb 21, 2017 8:47am Feb 21, 2017 8:47am
just a suggestion guys its on my 1st page.We don't automatically buy or short just because price is in 61-100 must watch PA
Some of you shorting UC...I don't see any reason to do that.
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In trading, you have to be defensive and aggressive at the same time
  • #7,202
  • Feb 21, 2017 8:53am Feb 21, 2017 8:53am
Quoting Davit
{quote} Every trade is predefined by you based on your account size example you have 5k account and you are willing to risk $ 250 with low leverage and 005 lot .50C a pip you can now have 500pip distance to play with. Your entries could be even smaller 003 allowing more entries.Once you are in then your Stop loss is $250 and distance determined by how many entries. Does this make sense to you? If not ask more questions
thank you davit - i understand the theory behind the multiple entries - it is more the actual placement of the entries i was wondering about -
are you placing PO's in an area that is of interest? or are you watching the charts and placing entries as PA reacts around your target entry point??
i'm not sure if that made any sense...
Fib(onacci) my way to glory
  • #7,203
  • Feb 21, 2017 8:59am Feb 21, 2017 8:59am
Quoting billsmith
{quote} thank you davit - i understand the theory behind the multiple entries - it is more the actual placement of the entries i was wondering about - are you placing PO's in an area that is of interest? or are you watching the charts and placing entries as PA reacts around your target entry point?? i'm not sure if that made any sense...
Watch PA and watch how other pairs are behaving.Its not hard.I am short on AU but have bigger TF in mind.This might take until Friday to hit my TP but in the meanwhile price is fluctuating mostly due to Lowe speaking this week hence market is stalling to see what he has to say.
Also must watch Mark Douglas videos you must firmly understand concept of probabilities.

If this is too hard please don't trade this system.Some things are logical to figure...
In trading, you have to be defensive and aggressive at the same time
  • #7,204
  • Feb 21, 2017 9:00am Feb 21, 2017 9:00am
NZ Change in GDT Price Index 21-Feb: -3.20% (prev 1.30%) -Dairy Auction Avg. Winning Price (MT) (USD) 21-Feb: 3474 (prev 3537)
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #7,205
  • Feb 21, 2017 9:02am Feb 21, 2017 9:02am
Quoting lordgbengs
NZ Change in GDT Price Index 21-Feb: -3.20% (prev 1.30%) -Dairy Auction Avg. Winning Price (MT) (USD) 21-Feb: 3474 (prev 3537)
looks like its already priced in.In fact AN is dropping
In trading, you have to be defensive and aggressive at the same time
  • #7,206
  • Feb 21, 2017 9:04am Feb 21, 2017 9:04am
Quoting Davit
{quote} Watch PA and watch how other pairs are behaving.Its not hard.I am short on AU but have bigger TF in mind.This might take until Friday to hit my TP but in the meanwhile price is fluctuating mostly due to Lowe speaking this week hence market is stalling to see what he has to say. Also must watch Mark Douglas videos you must firmly understand concept of probabilities.
thank you
Fib(onacci) my way to glory
  • #7,207
  • Feb 21, 2017 9:12am Feb 21, 2017 9:12am
Quoting Davit
{quote} looks like its already priced in.In fact AN is dropping
Hi Davit,

Isnt the figure bad for NZD as price change dropped?
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #7,208
  • Feb 21, 2017 9:36am Feb 21, 2017 9:36am
Quoting Davit
just a suggestion guys its on my 1st page.We don't automatically buy or short just because price is in 61-100 must watch PA Some of you shorting UC...I don't see any reason to do that. {image}
PA still bullish, and no sign of any bearish pattern too
I know one thing, that I know nothing - Socrates
  • #7,209
  • Feb 21, 2017 10:58am Feb 21, 2017 10:58am
Quoting sniperdebt
{quote} Hi Traders, Updated: EG,Gold still running. AU,NU hope will hit W Pivot soon. AN, AJ will let open till new week. Patience is a virtue. Have a nice week end. {image} {image} {image}
Closed
AJ, +247, AU + 578( left some tickets open)
DD on AN but looks like is dropping fast...
  • #7,210
  • Feb 21, 2017 12:05pm Feb 21, 2017 12:05pm
Quoting Mr.Trader123
{quote} Thanks for your help CrocodileRex. Can you just send me a pic of the settings because i put it on simple, still doesnt work.... Thanks for help and time mate
What platform do you use? Metatrader or Ninja
Attached File(s)
File Type: ex4 TDI-RT-Clone.ex4   14 KB | 432 downloads

Attached File(s)
File Type: mq4 TDI-RT-Clone.mq4   4 KB | 571 downloads


If those do not work try thise one's
http://www.forexfactory.com/showthre...96#post8732496
  • #7,211
  • Feb 21, 2017 1:47pm Feb 21, 2017 1:47pm
im in usdcad
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  • #7,212
  • Feb 21, 2017 2:58pm Feb 21, 2017 2:58pm
Avengedh , may I ask you where you expect to take profit on your trade and what is your time horizon on this trade ?
"Define the risk OUT of your trade"--Mark Douglas
  • #7,213
  • Feb 21, 2017 3:48pm Feb 21, 2017 3:48pm
Quoting GreenEarth
Avengedh , may I ask you where you expect to take profit on your trade and what is your time horizon on this trade ?
I closed it in r38, it's late in my country, and I was just looking for a little movement.
  • #7,214
  • Feb 21, 2017 10:30pm Feb 21, 2017 10:30pm
Ok, this is how I manage the position sizing and stop loss. First I use http://www.myfxbook.com/forex-calculators/position-size for this.

Set you account size, currency etc.

In the example I've uploaded, I've set the risk to a dollar amount in 1 of $1000, now I fiddle with the stop loss at 2 until I get the lot size I'm ok with. Once I get that, I know the size in pips of the drawdown I can take before closing the trade, until I hit that I can keep adding positions. So I can have one position with a 750 pip drawdown, or 10 positons with the equivalent of 75 pips.
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  • #7,215
  • Edited 11:13pm Feb 21, 2017 11:02pm | Edited 11:13pm
Quoting Pipradar
USD/CAD Army set for R61 Will add. watching PA, IF SPIKE OCCURS will add at R78 Area . Green pips to all. {image}
USD/CAD closed all for 160 pips bit of a bumpy ride so took profits at around R38, maybe too early though lets see.
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  • #7,216
  • Feb 22, 2017 12:02am Feb 22, 2017 12:02am
Quoting Pipradar
{quote} USD/CAD closed all for 160 pips bit of a bumpy ride so took profits at around R38, maybe too early though lets see. {image}
Still in this one looking for a TP just above the WPP. but you never know all trades at BE or just below.
  • #7,217
  • Feb 22, 2017 2:51am Feb 22, 2017 2:51am
ADR is 129 Attention
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  • #7,218
  • Feb 22, 2017 2:51am Feb 22, 2017 2:51am
eu
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+
  • #7,219
  • Feb 22, 2017 2:53am Feb 22, 2017 2:53am
Australia’s government sold A$11 billion ($8.5 billion) of 11-year debt notes in its biggest-ever bond transaction, as investors hungry for higher yields set aside concerns stubborn budget deficits will cost the nation its AAA credit rating.
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #7,220
  • Feb 22, 2017 3:13am Feb 22, 2017 3:13am
#YOLO Trade
Target 1.32587
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KRD
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