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Pivot Trading

  • #9,641
  • May 26, 2017 8:29am May 26, 2017 8:29am
Quoting fibo38
{quote} Thanks you Blackopal !!!!! Good weekend to @all And next weeek more pips Green!!!!!!!!!!!!!!!!!!!!!!!!
Great Job Fibo you have been on fire lately! Continue on
In trading, you have to be defensive and aggressive at the same time
  • #9,642
  • Edited 10:39am May 26, 2017 9:52am | Edited 10:39am
Davit, I understand MM that you are discussing in this thread.

Identify acceptable SL on a particular pair and do the wide "fishing net" of smaller positions around the pivots, and if market go's against the positions.....hoping the market will turn in your favor(we all have hope at one point or another )

Question: Have you ever cut positions prior them getting to your allocated accepted stop loss on the pair? If yes, how often have you done it and why?

As an example, say we have a Buy at 38S, 61S, 78S, but market is going lower.....Sl is not yet hit

If you have examples of when you cut the positions, please post..

Here is my first trade....
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  • #9,643
  • May 26, 2017 10:52am May 26, 2017 10:52am
Closed 2 trades this evening
EN @ 1200pips and GJ @ 6400pips
Enjoy the week end guys...cant wait for next week.
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  • #9,644
  • May 26, 2017 11:24am May 26, 2017 11:24am
Quoting driven18
Davit, I understand MM that you are discussing in this thread. Identify acceptable SL on a particular pair and do the wide "fishing net" of smaller positions around the pivots, and if market go's against the positions.....hoping the market will turn in your favor(we all have hope at one point or another ) Question: Have you ever cut positions prior them getting to your allocated accepted stop loss on the pair? If yes, how often have you done it and why? As an example, say we have a Buy at 38S, 61S, 78S, but market is going lower.....Sl...
I have taken losses on EA EG NU some others that I can't recollect its on this thread seriously don't have time to dig them up.If you are wondering why cut losses vs letting it play out=fundamentals plus account risk. I have learned to enter positions better and my account has been studly growing hence more equity VS risk.
If you are in red and concern consider cutting position 25% and wait don't cut all.Often PA comes back.Most everything in Forex is in a range its matter of what TF you are looking at.
In trading, you have to be defensive and aggressive at the same time
  • #9,645
  • Edited 12:37pm May 26, 2017 12:18pm | Edited 12:37pm
Please see the harmonic pattern on AUDNZD

Attachment g
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  • #9,646
  • May 26, 2017 12:27pm May 26, 2017 12:27pm
Hi guys
Look at the the weekly price action for this week for EURUSD and USDCHF
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USDCHFWeekly.png;2328803[/attach]
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  • #9,647
  • Edited 1:25pm May 26, 2017 12:32pm | Edited 1:25pm
Update on EA.
Finishing the week on a high note +433 pips
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Have a nice week-end
"Letting losses run is the most serious mistake made by most investors."W.O
  • #9,648
  • May 26, 2017 1:27pm May 26, 2017 1:27pm
Quoting sniperdebt
{quote} Looks like summer holiday come early. 1st target is 78s. Possible rebound at TL/neckline around 100s. Break 100s, next support is 138s. {image}
Near end of May. Profit taking Fri"day".
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  • #9,649
  • May 27, 2017 4:27am May 27, 2017 4:27am
Quoting sniperdebt
{quote} Near end of May. Profit taking Fri"day". {image}

Awesome Pips! And on parity.
  • #9,650
  • May 27, 2017 6:49am May 27, 2017 6:49am
Quoting lordgbengs
CAD supported by positive BoC - Nomura 26 May 2017, 12:58 Analysts at Nomura suggest that CAD has been supported by the BoC being more positive on the domestic growth outlook, with the Bank highlighting that the adjustment to lower oil prices is largely complete and recent data have been encouraging. Key Quotes On housing, macro prudential measures and other policies have yet to have a substantial cooling effect. Over time, these measures should help to mitigate some of the elevated risks, in our view, while the recent moderation in inflation was...
Lordgbengs , as I replied earlier , THIS IS NOT THE REALITY OF WHAT IS REALLY GOING ON IN THE CANADIAN ECONOMY !!! THIS IS COMPLETE BULLSHIT AND OUR GOVERNMENT KNOWS IT.

So , this tells me , trade according to the posted BS from ANY COUNTRY'S STATISTICS , and do not let your own knowledge of reality enter your personal trading arena.
The AVERAGE CANADIAN is only $250.00 away from BANKRUPTCY !!!!!
PIVOT POINTS , and this educational thread , is what counts.
Absolutely LOVE the unselfish people on this thread !!!

GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #9,651
  • May 27, 2017 8:29am May 27, 2017 8:29am
Quoting sniperdebt
{quote} Near end of May. Profit taking Fri"day". {image}
Beautiful trading sniperdebt..
  • #9,652
  • May 27, 2017 9:30am May 27, 2017 9:30am
Quoting sniperdebt
{quote} Near end of May. Profit taking Fri"day". {image}
Fabulous chart sniperdebt !!!

Thanks

GE
"Define the risk OUT of your trade"--Mark Douglas
  • #9,653
  • May 27, 2017 1:12pm May 27, 2017 1:12pm
Quoting GreenEarth
{quote} Lordgbengs , as I replied earlier , THIS IS NOT THE REALITY OF WHAT IS REALLY GOING ON IN THE CANADIAN ECONOMY !!! THIS IS COMPLETE BULLSHIT AND OUR GOVERNMENT KNOWS IT. So , this tells me , trade according to the posted BS from ANY COUNTRY'S STATISTICS , and do not let your own knowledge of reality enter your personal trading arena. The AVERAGE CANADIAN is only $250.00 away from BANKRUPTCY !!!!! PIVOT POINTS , and this educational thread , is what counts. Absolutely LOVE the unselfish people on this thread !!! GreenEarth
lmao GreenEarth - I guess we have to profit from the BS before the RealShit becomes evident in data
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #9,654
  • May 27, 2017 2:20pm May 27, 2017 2:20pm
Hi Davit,

I have been following this thread every now and again and I must say thank you for sharing your information with everyone here. I am also very impressed that you have been able to keep your system pretty much unchanged since the get go. Only by doing this can you really tell if something works or not.

Some of your posts you have changed the way I think about trading and whether they pan out or not, I am grateful for a different viewpoint and can try out something new. You have really got me thinking about the long game and I think that it is incredibly good advice. This will help to lessen stress, provided one doesn't risk too much, and should give your trades a higher probability of success.

I really appreciate the wisdom that you have shared here. Thank you once again.

I had a question about how you stack your entries. You mentioned that you start off with 25% of your funds on a trade. How do you determine when to add more to a trade when it's going in your favour? I would really appreciate some understanding of your methodology for stacking. Additionally, some posts where you mention that you do cost averaging. Do you have a process for cost averaging entries? For example, if the market is 50% to your SL do you then put in another trade or is it when you see PA etc that looks favorable?
  • #9,655
  • May 27, 2017 3:03pm May 27, 2017 3:03pm
Quoting lordgbengs
{quote} lmao GreenEarth - I guess we have to profit from the BS before the RealShit becomes evident in data
Lordgbengs , very well said. I love that response , it is so accurate. AWESOME !!!!
You see folks , this thread is an educational gold mine.

Thanks again ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #9,656
  • May 28, 2017 6:06am May 28, 2017 6:06am
Quoting vyder
Hi Davit, I have been following this thread every now and again and I must say thank you for sharing your information with everyone here. I am also very impressed that you have been able to keep your system pretty much unchanged since the get go. Only by doing this can you really tell if something works or not. Some of your posts you have changed the way I think about trading and whether they pan out or not, I am grateful for a different viewpoint and can try out something new. You have really got me thinking about the long game and I think that...
Hi welcome.
Lot of questions have been answered several times already here.I don't invest 25% of my funds on any trade. I set aside $ for batch of trades which is my sl gradually average in.
Not really going to waste 30min answering same questions that have been answered.Sorry if this seems rude but I need to see some effort on your side.
There seems to be batch of new traders come in with gloating praises on me sucking energy and time then 2weeks later never hearing again from them.Not going to play this game.Stick around you will find out the answers or chase another system and then another and cycle continuing.
People have this idiotic perception that they are entitled for answers without any work shown.This really pisses me off.Its like walking in life figure drawing class but can't draw a square and demand answers about anatomy! Show me some evidence of your trading spend some time and we'll take it from there.
In trading, you have to be defensive and aggressive at the same time
  • #9,657
  • May 28, 2017 6:20am May 28, 2017 6:20am
Quoting Davit
{quote} Hi welcome. Lot of questions have been answered several times already here.I don't invest 25% of my funds on any trade. I set aside $ for batch of trades which is my sl gradually average in. Not really going to waste 30min answering same questions that have been answered.Sorry if this seems rude but I need to see some effort on your side. There seems to be batch of new traders come in with gloating praises on me sucking energy and time then 2weeks later never hearing again from them.Not going to play this game.Stick around you will find...
hey i hope u didn't forgot about me
  • #9,658
  • May 28, 2017 6:26am May 28, 2017 6:26am
Quoting GreenEarth
{quote} Lordgbengs , as I replied earlier , THIS IS NOT THE REALITY OF WHAT IS REALLY GOING ON IN THE CANADIAN ECONOMY !!! THIS IS COMPLETE BULLSHIT AND OUR GOVERNMENT KNOWS IT. So , this tells me , trade according to the posted BS from ANY COUNTRY'S STATISTICS , and do not let your own knowledge of reality enter your personal trading arena. The AVERAGE CANADIAN is only $250.00 away from BANKRUPTCY !!!!! PIVOT POINTS , and this educational thread , is what counts. Absolutely LOVE the unselfish people on this thread !!! GreenEarth
Love to see spike up on UC to build another batch of shorts.I think USD will bounce stronger this week leading to NFP and June rate possibility is on the table although I believe Feds will not do it.Lot of earlier forecast on multiple hikes by the Feds were based on Trump massive infrastructure spending ,tax cuts etc and none so far has materialized.Trump is a factor despite the fact Feds don't come out and say it.He is a Trojan horse and pushed too much too quick could topple the economy.Anyway as Mark Douglas said anything can happen so we must be ready for the X factor that which we don't know.
In trading, you have to be defensive and aggressive at the same time
  • #9,659
  • May 28, 2017 6:53am May 28, 2017 6:53am
Quoting vladutz112
{quote} hey i hope u didn't forgot about me
You asked in PM how I think about fundamentals.I'll answer here in public so others may benefit.

Anyone who has been trading for minimum few years already knows fundemetal news or green data does not necessarily always effect price the way its assumed.You can have example great news on economy on Japan and Yen could topple lower or opposite red news and Yen gets stronger.Lot of factors in forex is based on sentiment.
Sentiment is the lens which focuses on fundamentals.Example we had great sentiment on Euro last few weeks after French Election but fundamentals were changed only little but enough that scaling back bond buying by ECB becomes a near future possibility hence market is buying the Euro on lower bounces gearing up for longer term trajectory of up cycle.
Sentiment can change quickly as well so watching the market daily helps how order flow goes.
Watch Mark Douglas videos because he talks about dynamic traders moving price and this is the heart of trading knowing that despite of fundamentals,sentiment,chart patterns Dynamic traders can move price at any time any direction as we have witnessed many times in Forex.You must understand concept of probability.Yes DT move price but where do they move price?
Look at Pivots! drop on any chart and observe!
In trading, you have to be defensive and aggressive at the same time
  • #9,660
  • May 28, 2017 7:18am May 28, 2017 7:18am
Having written above next week with NFP EU may drop even below 110 and I think longer term trajectory is UP above 115 once ECB announces scaling back bond buying which is going to happen since no bank can print money endlessly.
Anyway this is my longer term plan buying the EU for that eventual ending of bond buying.We already know most things in Forex gets priced in before the event so we should be ready.
In trading, you have to be defensive and aggressive at the same time
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