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Pivot Trading

  • #9,301
  • May 16, 2017 3:56am May 16, 2017 3:56am
No stopping EG at the moment. It's blowing through all the levels.
Know your edge and trade within it
  • #9,302
  • Edited 4:11am May 16, 2017 3:59am | Edited 4:11am
Quoting sniperdebt
{quote} Probably market waiting Drag"i" speech on Thursday.
Thanks for the answer.

Quoting fxtrade29ca
{quote} No stopping EG at the moment. It's blowing through all the levels.
EA currently stumbled exactly on R61 pivot
EU in same situation exactly on R61
EC halfway to R61
  • #9,303
  • May 16, 2017 4:06am May 16, 2017 4:06am
Quoting dttsomh
Is EURO gaining power because Emanuel Macron has appointed a prime minister from the right, surprising everyone? We are kinda deep in shorting Euro, I see charts above shorting E/G, E/J, E/A, E/C and barely now I understand on my own skin how important lowering lot sizes is. Something Davit been saying since the beginning of this thread.
Have EG short good data from GB but Euro takes off .
  • #9,304
  • May 16, 2017 4:19am May 16, 2017 4:19am
Quoting fxtrader29ca
No stopping EG at the moment. It's blowing through all the levels.
Same happening with usdchf.
Risk comes from not knowing what you're doing.
  • #9,305
  • May 16, 2017 4:27am May 16, 2017 4:27am
EG through R100
Know your edge and trade within it
  • #9,306
  • May 16, 2017 6:00am May 16, 2017 6:00am
Quoting dttsomh
{quote} Thanks for the answer. {quote} EA currently stumbled exactly on R61 pivot EU in same situation exactly on R61 EC halfway to R61
Harmonic pattern & Inverted H&S on EA 1hr TF looks like completed, price enter at 78r zone but TDI still pointing up.
Attached Image (click to enlarge)
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  • #9,307
  • May 16, 2017 6:07am May 16, 2017 6:07am
Attached Image


Short on EJ since yesterday.
Learning my lessons the hard way .
I guess idiocy may also be included into my 'Cost To Do Business' List?!?
Trading: the world's hardest way to make easy money.
  • #9,308
  • May 16, 2017 6:28am May 16, 2017 6:28am
The move in EG is called the account buster! It just keeps moving through all levels.
Know your edge and trade within it
  • #9,309
  • May 16, 2017 6:42am May 16, 2017 6:42am
Quoting fxtrader29ca
The move in EG is called the account buster! It just keeps moving through all levels.
My problem with trading is I did this mistake 4 times so far. OVERLEVERAGED.
This happened every single time, I got in major DD (30%~) and I closed the trades out of fear. Every single time price reversed and even went into profit just like Davit and others here analyised and gave their probabilities out.

Right now my position size is half of what I had when those 4 situations happened, but it still hurts, I must lower it even more.
Currently in 25% account drawdown and Im sure this time that the moneyflow in Eur won't last forever. I'll be margin called or back on the game, but I won't get out of my trades
  • #9,310
  • May 16, 2017 7:49am May 16, 2017 7:49am
Quoting dttsomh
{quote} My problem with trading is I did this mistake 4 times so far. OVERLEVERAGED. This happened every single time, I got in major DD (30%~) and I closed the trades out of fear. Every single time price reversed and even went into profit just like Davit and others here analyised and gave their probabilities out. Right now my position size is half of what I had when those 4 situations happened, but it still hurts, I must lower it even more. Currently in 25% account drawdown and Im sure this time that the moneyflow in Eur won't last forever. I'll...
I think the problem is not to trade against a strong trend.
I do that mistake over and over again.

I am the master of ranging days :-)
Yesterday I made 1.400 EUR and today I loose 2.300 EUR.
  • #9,311
  • May 16, 2017 8:05am May 16, 2017 8:05am
Quoting dttsomh
{quote} My problem with trading is I did this mistake 4 times so far. OVERLEVERAGED. This happened every single time, I got in major DD (30%~) and I closed the trades out of fear. Every single time price reversed and even went into profit just like Davit and others here analyised and gave their probabilities out. Right now my position size is half of what I had when those 4 situations happened, but it still hurts, I must lower it even more. Currently in 25% account drawdown and Im sure this time that the moneyflow in Eur won't last forever. I'll...
dttomh,

time to take some fresh air, try to target 1% daily and you will be surprise with the progress. Just imagine every session you make 0.25% ??? EOM +/- 20% .

Reduce lots until you feel comfortable and allow price to do its thing, its a marathon not a sprint race.
  • #9,312
  • May 16, 2017 8:18am May 16, 2017 8:18am
Quoting Davit
{quote} Remember anticipate that price may go against you say 50pips Do you have an exit plan? Are your positions small? Its a probability game.I put in motion my Edge but I am always looking at my risk tolerance hence my positions are always inline with my account.So what I am saying is every trade must have logical criteria and worst case scenario you can always gradually get out never at once!.
which pairs do you avoid?
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #9,313
  • May 16, 2017 8:24am May 16, 2017 8:24am
Quoting sniperdebt
{quote} dttomh, time to take some fresh air, try to target 1% daily and you will be surprise with the progress. Just imagine every session you make 0.25% ??? EOM +/- 20% . Reduce lots until you feel comfortable and allow price to do its thing, its a marathon not a sprint race.
Sniper are you in any other euro pairs other than ea?
  • #9,314
  • May 16, 2017 8:38am May 16, 2017 8:38am
Quoting Scrambleguy
{quote} Sniper are you in any other euro pairs other than ea?
he posted today a chart of EUR/USD and he was long with a few million pips in profit, as usual from him... freaking legend

edit: https://www.forexfactory.com/showthr...81#post9871181
  • #9,315
  • May 16, 2017 8:39am May 16, 2017 8:39am
Quoting Scrambleguy
{quote} Sniper are you in any other euro pairs other than ea?
Involved some orders on EUR pairs, manageable DD on EA,EZ,EC,EJ and +ve on EU,EG.

EU - https://www.forexfactory.com/showthr...81#post9871181
  • #9,316
  • May 16, 2017 8:45am May 16, 2017 8:45am
Quoting sniperdebt
{quote} dttomh, time to take some fresh air, try to target 1% daily and you will be surprise with the progress. Just imagine every session you make 0.25% ??? EOM +/- 20% . Reduce lots until you feel comfortable and allow price to do its thing, its a marathon not a sprint race.
This...^^^
  • #9,317
  • May 16, 2017 9:58am May 16, 2017 9:58am
Quoting Soros
{quote} which pairs do you avoid?
Pairs that are over 100 ADR specially G crosses exception of EG
I never trade GJ GN GA and similar ones.
In trading, you have to be defensive and aggressive at the same time
  • #9,318
  • May 16, 2017 10:03am May 16, 2017 10:03am
when I repetitively post to trade small people just ignore then get into hot waters.Its not system flaw its your flaws.
I said this many times my initial positions are always 25% of my intended lots on every batch of trades and 75% are kept as reserve troops to add later should it be necessary.
EG against me roughly 90pips MY SL on this is 90!!!!420 pips north! that's why I sleep without worry.
Guys get your shit together.I said that EDGE is there but winners are random meaning out of 10 batch of trades 2 will be losers but I don't know in advance which 2 that maybe so I plan ahead for that 2 from get go.
Hope this clarifies

On occasions markets go parabolic taking out all weak shorts or longs.This is designed to take your money so be smart either get your SL tighter or reduce positions and widen the SL
I prefer 2nd option.
In trading, you have to be defensive and aggressive at the same time
  • #9,319
  • May 16, 2017 10:08am May 16, 2017 10:08am
EU at critical level great chance drops from here 100R and relief the pressure on crosses.

Have patience in 10minutes I already got 100's back
EJ is doing not too bad.Needs more time.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #9,320
  • May 16, 2017 10:15am May 16, 2017 10:15am
Quoting Davit
when I repetitively post to trade small people just ignore then get into hot waters.Its not system flaw its your flaws. I said this many times my initial positions are always 25% of my intended lots on every batch of trades and 75% are kept as reserve troops to add later should it be necessary. EG against me roughly 90pips MY SL on this is 90!!!!420 pips north! that's why I sleep without worry. Guys get your shit together.I said that EDGE is there but winners are random meaning out of 10 batch of trades 2 will be losers but I don't know in advance...
Thank goodness for trading small. I've been trying to drill that in my head since starting trading. Really understand that after the multiple times I've seen shit like this happen.
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