Thread: Pivot Trading

Originally Posted by ;

quote I do not think that it is all about resolve in my humble view. When you maximum position size is reached and your highest possible dollar stop hit, get out, and begin again. This prevents a astrophic loss in a fashion. Furthermore, if that does occur, a trader will stop selling resistance and start buying support using the pivots as a benchmark.

That I was not clear in my article. I supposed that the ECB and Draghi news caused some initial buying of the Euro in a bid to 'spook or 'trick' us. By holding company and keeping faith with all the pivots we've been rewarded

Hello and all! I've subscribed to the thread a month and have been after the transactions and a few of the members have obtained. Just hoping to get the logic behind his transactions. I am also reading the 1st page over and over again. Then trading tried using the machine but I dropped and that I know I am doing it wrong. Then now, a light bulb works. It's really about probabilities about where the price may pivot or reverse, based on combinations of numerous variables (fundamentals, price action, the loion, etc) to put more weight on that probability (to the layman like me, most likely to happen).

And then I should keep emotions in check. Many times I am more concentrated on the money being lost or obtained at the moment, making me excited or depressed. The focus should be on the process the commerce was taken by me and then assessing the transaction went on, to find where I made a mistake, which improve and I need to keep within another series of transactions. Another thing would be to be mindful of market events and attempt to grasp market sentiment to associate it where the price is in this time. So when the price is in the zone, then variables shing - take the transaction without hesitation.

Sorry for this long post. It is only me being joyful that I found an extremely valuable system (also free ) and a ribbon that has members who want to aid fellow traders succeed. Thank you . Fantastic luck to all. Green pips!

John
from Philippines

EA exchange 500.
Should have shorted at 100R but missed the ship.
Beginning to come together now and making steady profits.
Thanks

Originally Posted by ;

quote I chickened out, shut it for 35 pips ... Should have remain riding it . . Pivot helps me giving a structure to the price. Thank you .

In the event that you chickened out, do more Mark Douglas. Get your position size to a place where you trade properly and never think about profit and loss.

EA 300

Originally Posted by ;

quote If you chickened out, do much more Mark Douglas. Get your position size to a loion in which you trade properly and not consider profit and loss.

Yes, just what I need, a very clear head just to trade, thank you .

GBPNZD Weekly R138 and Monthly R61 are at same level to the pip (well at least on my chart)

Originally Posted by ;

GBPNZD Weekly R138 and Monthly R61 are Exactly the same level to the pip (well at least on my chart)

Eliminated

Closed EJ really nice gain! 976
Trade I posted basically shared. $660 not bad certainly defeats my reg job wages
that's only 1trade....lot running still