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Pivot Trading

Quoting bwarrh
{quote} Yeah, it was just my poor judgement. Still working on the experience part, thanks for the reply. I hope you can use 10$ notes to BBQ some burgers for me soon .
Yes indeed I can remember the $1.00+ era which was not long ago....Gold bars hidden in the garden is staring to look good but in saying this I can remember a work mate buying gold bars back in 1972 and he never really made any money but the gold sure did look beautifull.
Ronald
Ronnie Renko
This is from the TMS thread...

AUDUSD Week 19 D1 chart POMO.

here is why TMS traders should not blindly trade with weekly pivots and buy at S61 and S100 without looking at the bigger picture. But low, buy lower and your trading capital will be locked in floating DD and is of no use. Trade wisely , unlock your trading capital and trade in positive cash flow.

trading can be simple only when traders stopped taking risky trading methods and gamble with their hard-earned money from their day jobs. Learn to trade safe and make your hard earned money work harder for you.


I don't think that was a fair or honest representation of Davit's method is so reader's beware of irresponsible statements like the one above. I will tell all that follow Davit's thread that it has been by far one of the most valuable I have ever read at FF. Thank you Davit
Quoting Rainman22
This is from the TMS thread... AUDUSD Week 19 D1 chart POMO. here is why TMS traders should not blindly trade with weekly pivots and buy at S61 and S100 without looking at the bigger picture. But low, buy lower and your trading capital will be locked in floating DD and is of no use. Trade wisely , unlock your trading capital and trade in positive cash flow. trading can be simple only when traders stopped taking risky trading methods and gamble with their hard-earned money from their day jobs. Learn to trade safe and make your hard earned money work...
Mr Rainmam,
I do concur with some of your comments...I was not suggesting that one blindly trade at the 100 levels..I look back to weekly,monthly levels and I have seen Pivot levels change a great deal from week to week .I have stated in a previous post that I did beleive in Pivot levels for 15 years but one never stops learning and I may go back to my old ways but at this point in time Davits Pivots certainly are included in my overall plan to take money from the Bankers.
Ronald
Ronnie Renko
Quoting Ced74
{quote} Mr Rainmam, I do concur with some of your comments...I was not suggesting that one blindly trade at the 100 levels..I look back to weekly,monthly levels and I have seen Pivot levels change a great deal from week to week .I have stated in a previous post that I did beleive in Pivot levels for 15 years but one never stops learning and I may go back to my old ways but at this point in time Davits Pivots certainly are included in my overall plan to take money from the Bankers. Ronald
Actually I was quoting Emmanuel7788 from the TMS thread. All good.
Quoting bwarrh
Gah, thought I entered this trade well with a huge spike at s38, but I completely disregarded the TDI and didn't notice how there was still room for downward movement. Bad error on my part and the fact that there was the retail sales announcement today (Mini lots hit all my SL). Was I wrong to think that because China's trade balance was positive, there would be an upward effect on Aussie currency? {image}
With the u6 number in usa down to 8.6 its lowest level since Nov 2007 a rate hike is a possibility next month so Usd strength against most currencies but not all.
USD/CAD looking like it really wants to let loose to the downside.

Target 1: 100S
Target 2: 1.341

Attached Image (click to enlarge)
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My 1st trade post after subscribed this thread for quite some time, thanks for everyone sharing the experience and knowledge.
ECad still in running
Attached Image (click to enlarge)
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sorry my bad forget to pull away additional indicator in previous post, edited, thanks dttsomh for reminder
Quoting kiyo
My 1st trade post after subscribed this thread for quite some time, thanks for everyone sharing the experience and knowledge. ECad still in running {image}
why do you use distracting and delayed indicators?
and why do you post them here without reading Davit's #1 post?

Regards
Edit: nicely done! that was a quick edit
this is probably the wrong place....
but i have just been told by XM that they no longer service clients in canada, is any one here using a broker that offers Micro account to canadians - please PM me so we don't clutter up the thread. Thank you very much
Fib(onacci) my way to glory
Hi, CADJPY in the zone and showing some weakness on H1
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Quoting OpenRoads
Trading is not a team sport, I have silently been honing my craft for years, I have a strict rule to never follow Gurus. I have used FF for years and only recently (once this thread reached 1 year birthday) decided to create a profile. Humbled at your insight, honored to be here. Cheers!
welcome!
In trading, you have to be defensive and aggressive at the same time
Quoting Rainman22
This is from the TMS thread... AUDUSD Week 19 D1 chart POMO. here is why TMS traders should not blindly trade with weekly pivots and buy at S61 and S100 without looking at the bigger picture. But low, buy lower and your trading capital will be locked in floating DD and is of no use. Trade wisely , unlock your trading capital and trade in positive cash flow. trading can be simple only when traders stopped taking risky trading methods and gamble with their hard-earned money from their day jobs. Learn to trade safe and make your hard earned money work...
you quoted a guy that has no credibility and has been on my ignore list and has jealously posted crap about me since I opened this thread.
Biggest clown here at FF.Strange that you posted that here which was poor taste.
He single handily destroyed TMS thread and now its nothing left what was originally intended by big E
This is the main reason that I have strict rules filtering garbage out.This is a warning don't post shit here from other threads!
In trading, you have to be defensive and aggressive at the same time
Quoting kiyo
My 1st trade post after subscribed this thread for quite some time, thanks for everyone sharing the experience and knowledge. ECad still in running {image} sorry my bad forget to pull away additional indicator in previous post, edited, thanks dttsomh for reminder
good start
In trading, you have to be defensive and aggressive at the same time
Quoting Ced74
{quote} Mr Rainmam, I do concur with some of your comments...I was not suggesting that one blindly trade at the 100 levels..I look back to weekly,monthly levels and I have seen Pivot levels change a great deal from week to week .I have stated in a previous post that I did beleive in Pivot levels for 15 years but one never stops learning and I may go back to my old ways but at this point in time Davits Pivots certainly are included in my overall plan to take money from the Bankers. Ronald
You can do as you like however this system requires minimum 3 months to trade enough sample size to see the EDGE clearly.
In trading, you have to be defensive and aggressive at the same time
Quoting Davit
{quote} you quoted a guy that has no credibility and has been on my ignore list and has jealously posted crap about me since I opened this thread. Biggest clown here at FF.Strange that you posted that here which was poor taste. He single handily destroyed TMS thread and now its nothing left what was originally intended by big E This is the main reason that I have strict rules filtering garbage out.This is a warning don't post shit here from other threads!
I only quoted him to point out the foolishness of what he was saying. Nothing more than pointing out the garbage. Your thread as you wish. I am not familiar of your history with him btw.
Double top on Ecad, just wish it would get the right side of that S38 !
Quoting montego
Double top on Ecad, just wish it would get the right side of that S38 !
Yellow box I drew my target area.
Oil cartel meeting by May 25th and I anticipate drop to this level (yellow box)
That's 2 weeks.Can you wait 2 weeks? How about 2weeks 30% gain of equity? Now can you wait?
Goes without saying these are just scenarios which I believe hence my trades on EC but market is king.

As Sniperdebt demonstrated before patience pays $$ big time
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In trading, you have to be defensive and aggressive at the same time
Quoting Davit
{quote} Yellow box I drew my target area. Oil cartel meeting by May 25th and I anticipate drop to this level (yellow box) That's 2 weeks.Can you wait 2 weeks? How about 2weeks 30% gain of equity? Now can you wait? Goes without saying these are just scenarios which I believe hence my trades on EC but market is king. As Sniperdebt demonstrated before patience pays $$ big time {image}
Thanks Davit, oh yes i can wait lol
Closed 1 position on UJ for 100 pip and 1 still going closed 1 on EU for 75 pip
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Quoting Ibar51
Closed 1 position on UJ for 100 pip and 1 still going closed 1 on EU for 75 pip {image} {image}
UJ just hit SL
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