Thanks a lot. I've learned lots of things here from you, Davit and other great traders here. But I think I was lucky because I didn't analyze the market fundamentally and didn't pay attention to news releases. The only thing that I focused on was ...

Pivot Trading

I'm beginning to believe that I've finally found the edge. I know it's too soon (and believe me it is) but my results from 10 days of trading pivot points are great. Sooner or later I will have to face a drawdown and I'm ready for that (I'm keeping ...

Pivot Trading

Shorted UJ with 3 positions. Closed 2 of them half an hour before President Biden's Speech for 1.89% profit. Held the last one to see what happens. Currently at 1% profit on this one.

Pivot Trading

Thanks GE for your kind words. The system Davit has introduced is very clever if it's applied properly understanding Pivot Points is crucial because those are the probable oversold or overbought zones especially if the correction is in the direction ...

Pivot Trading

Hi traders, One of the great things I discovered while I was reading the "Bird Watching In Lion Country" was the meaning of margin and leverage. Dirk du Toit, the author, explains nicely how the concept of let "your profits run and cut your losses" ...

Pivot Trading

Short position on EG. Reasons: 1- Price kissed R38 and couldn't move up 2- It is also a perfectly round number (0.87000) 3- This level was an important resistance recently 4- Lots of volume at top but no results (Distribution or long covering ...

Pivot Trading

After setting Show_Separate_Trade_Groups to true the label moved back and sat just above the trade. Thanks.

PVSRA (Price, Volume, S&R Analysis)

I completely missed the CAD moves. Usually I watch the market from London open to London close but yesterday kids had other plans for me. So I took them out and missed the move. However I opened a series of long positions on AN, cause it bounced ...

Pivot Trading

Sorry I missed that it seems aging is showing its side effects. I really understand your disappointment considering the efforts you've put here and generosity you've shown to everybody here for sharing your methodology, wisdom and your great ...

PVSRA (Price, Volume, S&R Analysis)

Hi. It's my first post in this thread. First of all I want to thank Davit for his great thread and also other active traders here. I've learned lots of things here. I'm trying to understand the system. So far this is what I've understood: 1- Every ...

Pivot Trading

Sorry. I changed timeframes several times and the labels got deleted somehow. Here is the trade history for proof of taking the trade.

PVSRA (Price, Volume, S&R Analysis)

Shorted USD/CHF today not so bad especially when you consider the tight stop loss image

PVSRA (Price, Volume, S&R Analysis)

Here is an example of an acceptable Alien's hook based on my experience. The most important factor in my opinion is resistance line because it is the cause of the move. image

Alien's Extraterrestrial Visual Systems

It seems that Alien's hook trading has been the hot issue recently. I just want to add some points that can dramatically increase your chance of success trading these setups. (assume you are looking at an uptrend) 1. Do not take hooks when price is ...

Alien's Extraterrestrial Visual Systems

Nice job thanks.

Alien's Extraterrestrial Visual Systems

This is not the right place for requesting such things. Take a look at the following thread. url

The Trader's Academy - by Traders for Traders

No absolutely not. Never ever let your lot size determines your stop loss. Your stop loss should determine your lot size based on the amount of the risk you want to take. Moreover, you should open an account that lets you trade very little units ...

The Trader's Academy - by Traders for Traders

I want to add one more point to what medici and cat said. In addition to calculating lot size based on your stop loss and the amount you want to risk, you should pay attention to the difference between currency rates and your account currency and ...

The Trader's Academy - by Traders for Traders