Attachments: Pivot Trading

Pivot Trading

#9,481
May 21, 2017 3:49pm May 21, 2017 3:49pm

Davit
Joined Feb 2012 | Status: Trader | 21,377 Posts

Quoting mirex

Disliked

Sniperdebt, i recall in one of the post you mention your broker don't have swap? what broker are you using? {quote}

Ignored

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 4:00pm May 21, 2017 4:00pm

mirex
| Joined Dec 2008 | Status: Trader | 408 Posts

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

Disliked

{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.

Ignored

Attached Image (click to enlarge)

Click to Enlarge

Name: Screenshot1.png
Size: 538 KB

#9,483
May 21, 2017 8:27pm May 21, 2017 8:27pm

sniperdebt
Joined Aug 2013 | Status: Trader | 318 Posts

Quoting mirex

Disliked

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}

Ignored

You can find FCA & BOE regulated brokers or try to email directly to your broker.

#9,484
May 22, 2017 12:16am May 22, 2017 12:16am

Davit
Joined Feb 2012 | Status: Trader | 21,377 Posts

Trying to grow legs on these.
Very possible hitting the WP and going south.

Attached Image (click to enlarge)

Click to Enlarge

Name: EURAUDH4.png
Size: 40 KB

In trading, you have to be defensive and aggressive at the same time

#9,485
May 22, 2017 12:47am May 22, 2017 12:47am

Meran
| Joined May 2017 | Status: Trader | 2 Posts

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 1:33am May 22, 2017 1:33am

bwarrh
| Joined Mar 2017 | Status: Trader | 25 Posts

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!

Attached Image (click to enlarge)

Click to Enlarge

Name: EURCAD.jpg
Size: 385 KB

#9,487
May 22, 2017 6:28am May 22, 2017 6:28am

Ph35
| Joined Aug 2015 | Status: Trader | 4 Posts

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

Attached Image (click to enlarge)

Click to Enlarge

Name: EURGBP.PNG
Size: 39 KB

#9,488
May 22, 2017 8:13am May 22, 2017 8:13am

forexday
| Joined May 2014 | Status: Trader | 415 Posts

Quoting Ced74

Disliked

{quote} awesome results..I just hope this is real money...You will be able to order a Lambo soon. R {image}

Ignored

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 8:25am May 22, 2017 8:25am

forexday
| Joined May 2014 | Status: Trader | 415 Posts

Quoting Davit

Disliked

{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.

Ignored

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 8:31am May 22, 2017 8:31am

BenNeriah
| Joined Feb 2017 | Status: Full Time Trader | 29 Posts

AU looking promising right now.
ADR as good as fulfilled for the day.
Aiming toward WK_Pivot.

Attached Image (click to enlarge)

Click to Enlarge

Name: AUDUSDM15.jpg
Size: 656 KB

Trading: the world's hardest way to make easy money.

#9,491
May 22, 2017 9:48am May 22, 2017 9:48am

Davit
Joined Feb 2012 | Status: Trader | 21,377 Posts

Quoting BenNeriah

Disliked

AU looking promising right now. ADR as good as fulfilled for the day. Aiming toward WK_Pivot. {image}

Ignored

Please notice 30 H1 neutral and H4 D green
To me clearly PA is bullish and no reason to short or build shorts

Attached Image (click to enlarge)

Click to Enlarge

Name: AUDUSDH4.png
Size: 41 KB

In trading, you have to be defensive and aggressive at the same time

#9,492
May 22, 2017 9:50am May 22, 2017 9:50am

Davit
Joined Feb 2012 | Status: Trader | 21,377 Posts

Quoting forexday

Disliked

{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.

Ignored

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 11:26am May 22, 2017 11:26am

BenNeriah
| Joined Feb 2017 | Status: Full Time Trader | 29 Posts

Quoting Davit

Disliked

{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}

Ignored

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 12:25pm May 22, 2017 12:25pm

forexday
| Joined May 2014 | Status: Trader | 415 Posts

[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 1:37pm May 22, 2017 1:37pm

driven18
Joined Jul 2012 | Status: Trader | 1,880 Posts

Quoting Davit

Disliked

{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}

Ignored

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 6:08pm May 22, 2017 6:08pm