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Pivot Trading

  • #9,481
  • May 21, 2017 5:49pm May 21, 2017 5:49pm
Quoting mirex
Sniperdebt, i recall in one of the post you mention your broker don't have swap? what broker are you using? {quote}
You could of clicked on his profile and realize he is outside US and brokers don't except US citizens opening accounts outside USA. There are exceptions on dubious islands but running the risk of never seeing your money again.
In trading, you have to be defensive and aggressive at the same time
  • #9,482
  • May 21, 2017 6:00pm May 21, 2017 6:00pm
checked. don't see it. i can get access to broker not accepting US clients that are regulated and large so don't need to worry about risk of not seeing money again.


Quoting Davit
{quote} You could of clicked on his profile and realize he is outside US and brokers don't except US citizens opening accounts outside USA. There are exceptions on dubious islands but running the risk of never seeing your money again.
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  • #9,483
  • May 21, 2017 10:27pm May 21, 2017 10:27pm
Quoting mirex
checked. don't see it. i can get access to broker not accepting US clients that are regulated and large so don't need to worry about risk of not seeing money again. {quote} {image}
You can find FCA & BOE regulated brokers or try to email directly to your broker.
  • #9,484
  • May 22, 2017 2:16am May 22, 2017 2:16am
Trying to grow legs on these.
Very possible hitting the WP and going south.
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In trading, you have to be defensive and aggressive at the same time
  • #9,485
  • May 22, 2017 2:47am May 22, 2017 2:47am
Hello Davit,

greetings for the great post. I see you are jumping between timeframes, is it fine to just stick with one timeframe (30 mins) and put all my focus on it? also just use this selected timeframe TDI to signal the entries.

Have great pips,
  • #9,486
  • May 22, 2017 3:33am May 22, 2017 3:33am
I have been growing this one (EURCAD)
Very tempted to just take the profits, watching and seeing because there's still potential to go south!

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  • #9,487
  • May 22, 2017 8:28am May 22, 2017 8:28am
Hello Guys,

Thought i share the price on EG is approaching R61. TDI has not turned south yet and ADR is on 87%.

I will be watching this and will be taking my first live trade when PA, TDI and fundamentals agree
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  • #9,488
  • May 22, 2017 10:13am May 22, 2017 10:13am
Quoting Ced74
{quote} awesome results..I just hope this is real money...You will be able to order a Lambo soon. R {image}
Thank you ced. Yes real money mate.
Regarding the Lambo....hhhmmm.... it would be nice, but it wont be soon.
Take care and trade well.
  • #9,489
  • May 22, 2017 10:25am May 22, 2017 10:25am
Quoting Davit
{quote} Its nice that the trades went in profit for you but honestly you had way too many positions there.You must of been real nervous and I hope you had exit strategy in case it didn't. Plan for worse scenario always.
Thanks Davit.
Every week when the pivots change positions and if they in my favor, I continue to add new positions.
With your experience, if you think this is a bad idea then I need to cut back on them.
Would appreciate your input.
Thanks and happy trading.
  • #9,490
  • May 22, 2017 10:31am May 22, 2017 10:31am
AU looking promising right now.
ADR as good as fulfilled for the day.
Aiming toward WK_Pivot.

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Trading: the world's hardest way to make easy money.
  • #9,491
  • May 22, 2017 11:48am May 22, 2017 11:48am
Quoting BenNeriah
AU looking promising right now. ADR as good as fulfilled for the day. Aiming toward WK_Pivot. {image}
Please notice 30 H1 neutral and H4 D green
To me clearly PA is bullish and no reason to short or build shorts
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In trading, you have to be defensive and aggressive at the same time
  • #9,492
  • May 22, 2017 11:50am May 22, 2017 11:50am
Quoting forexday
{quote} Thanks Davit. Every week when the pivots change positions and if they in my favor, I continue to add new positions. With your experience, if you think this is a bad idea then I need to cut back on them. Would appreciate your input. Thanks and happy trading.
You must decide your risk % I can't do that for you but risking more then 5% on single trade or batch of trades is bad idea.You want to risk below 5% ideally 2-3%
Always think backwards from risk management perspective don't think in terms of gains that takes care of itself.
Most rookies count their monies always thinking in profits they are going to make and end up making fetal flaw of over trading then blowing up an account after account and eventually dropping out of industry...
Risk small and you will be surprised how it effects your mind and account growth.You will be lot more relaxed and make better decisions and lot more willing to let time do its thing and trades become profitable.When over trading these things don't play out well.You are more likely to take the loss out of fear and usually just when trades turn around without you in it.
Hope this helps
In trading, you have to be defensive and aggressive at the same time
  • #9,493
  • May 22, 2017 1:26pm May 22, 2017 1:26pm
Quoting Davit
{quote} Please notice 30 H1 neutral and H4 D green To me clearly PA is bullish and no reason to short or build shorts {image}
Thanks Davit - your feedback is much appreciated.
I guess I'm still pretty much confused when and with what kind of justification to use the 4H / 30M time frames?
Regards
Trading: the world's hardest way to make easy money.
  • #9,494
  • May 22, 2017 2:25pm May 22, 2017 2:25pm
[quote=Davit;9897854]{quote} You must decide your risk % I can't do that for you but risking more then 5% on single trade or batch of trades is bad idea.You want to risk below 5% ideally 2-3%

Thanks Davit, appreciate your advice.
I do agree with you regarding MM and I'm aware of my over trading..

I did have a sound MM in place until I found your thread in Jan this year.
Your PP are so damn accurate, that I just cant help myself [smile] not sure why i don't have any emoticons.
I will cut back on my positions.

Once again thank you for your time and effort.
  • #9,495
  • May 22, 2017 3:37pm May 22, 2017 3:37pm
Quoting Davit
{quote} Please notice 30 H1 neutral and H4 D green To me clearly PA is bullish and no reason to short or build shorts {image}
Davit, thanks for your earlier reply. I understand more now and will take it as a rule - 5% rule per pair per SL is a very good one, no matter how many positions are built on the same pair.

I am still paper trading this method. As soon, as go live, will post charts...

Question, based on your experience...can I take it as a rule - together with pivots and fundamentals, to enter trades only when 30, H1 and H4 agree on TMS_Angeletor?
  • #9,496
  • May 22, 2017 8:08pm May 22, 2017 8:08pm
Davit which pivot version i use v3 or v3.2 or edited by voty...?
  • #9,497
  • May 22, 2017 8:55pm May 22, 2017 8:55pm
Quoting pratiksan
Davit which pivot version i use v3 or v3.2 or edited by voty...?
3.2 or voty
  • #9,498
  • May 23, 2017 2:26am May 23, 2017 2:26am
I m not good in price action so i use heiken ashi bars to confirm price reversal.
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  • #9,499
  • May 23, 2017 6:54am May 23, 2017 6:54am
Closing my GA trade @2500pips..
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  • #9,500
  • May 23, 2017 7:08am May 23, 2017 7:08am
Quoting forexday
Closing my GA trade @2500pips.. {image}
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