Currently targeting WPP, but considering taking some off the table with the CAD news tonight. Also still in E/U short and A/u short.
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Disliked{quote} Hi Voti I think I talked about limit orders before but I'll say it again. Limit orders are not part of my system.My system is based on reading PA on key pivots.Limit orders assumes price will do what you expect.While that may work few times it can also not work lot other times.What I am sharing here is high probability system but you are actually lowering my Edge by introducing a variable of your own doing. I just thought to share this so we are on same page. regardsIgnored
Disliked{quote} I ride a motorcycle everyday and people keep asking how dangerous it is.Well it is but my love for riding dominates my concerns for risk however I ride responsibly.Ignored
Disliked{quote} I understand limit orders are not part of your system but what do you do when you can't watch price action? eg sleeping, working?Ignored
DislikedCurrently targeting WPP, but considering taking some off the table with the CAD news tonight. Also still in E/U short and A/u short. {image}Ignored
Disliked{quote} Thanks Davit. This thread has been priceless and has changed lives. It has changed mine and my family has been the main beneficiary of it. Again thank you DavitIgnored
Disliked{quote} Real issue is DD and minimizing DD if you place limits with SL then that's ok at least it limit the damage otherwise find better suiting trading system for your schedule. regardsIgnored
Disliked{quote} sorry, didn't word my question very well, what about limits to close trades at your target when you are working or sleeping? Or do you prefer a trailing stop? Or always close positions manually based on PA?Ignored
DislikedHi traders, I feel like touching on "Anything can happen" as "anything" can be really anything! & that can blow up our minds & we can find ourselves fighting the market & not going with the flow..instead of realizing we are on the wrong side of the market & cutting our losses and moving on to the next one. Davit's system will work well in ranging markets, it's sort of mean reversion system. Here & there markets will go "out of balance" for quite some time & it can stay so way longer then trader's account or trader itself can...Ignored
Disliked{quote} Since you here I like to answer your observations In simply terms my focus is on swings. Yes things can get out of hand and that's why everyone should have cut out point when you say-"Its not working" and I am out. This is basic and I insist people define their SL whatever it suits them. regardsIgnored
Disliked{quote} For some people like me in that count, the cut out point is hard to define, because on every next pivot seems that the price migt start turning around,and then on the next one .... I like your system, but maybe my deposit is too small for it (can't afford bigger). I was using small trades, but NU drop down cought me in a trap and I was too weak to get out sooner, it took my SL 30 pips before it turned around. I took a loss, that's my fault, should have cut it sooner. I have almost covered up the loss I took, but with small...Ignored