Hoping and praying are wholly inappropriate behaviours in trading. They go directly against Mark Douglas' principles of randomness, probability and not knowing (and not caring) what happens next. Hoping and praying (and gambling) are behaviours that ...

Pivot Trading

Look at the 'broken' English. Run for the hills! Change the br0ker quickly. Years ago I got suspicious when my br0ker's client manager pronounced swap as 'swep'.

Pivot Trading

This is a misconception. There are NO swaps over the weekend. That's why you pay triple swaps at the Wednesday close, they compensate for Saturday and Sunday.

Pivot Trading

You need to work on this behaviour, otherwise it will make you 'feel' dissatisfied even though you are making a lot of money. It is a form of 'greed'. I deal with this partly by closing the chart as soon as I close all the trades. If I reopen the ...

Pivot Trading

This is NOT a rejection candle. It is just the result of the spread widening at the NY close/open. These volatile pairs can have spreads of up to 20 pips at that time even with reputable ECN brokers.

Pivot Trading

Davit, on gold (xauusd) all values are multiplied by 10. His spread was only 1.3 pips in reality, which is quite acceptable for this 'pair'. I make good money trading gold with this system/approach as you have seen in my statement on 4 April.

Pivot Trading

68.5 pips image

Pivot Trading

Shorted GC at WP with spike up as anticipated (by Davit) last week.

Pivot Trading

I am sticking my neck out here, but Davit needs supporting. image I set myself a new daily record. I know it includes two quick trades on GN and GJ - very naughty. I even trade the currency we are not supposed to talk about here, when the ...

Pivot Trading

Understood well. Thanks for your reply.

Pivot Trading

Why? It's not at WP yet, let alone R38 or R61, where it might be heading. Just trying to understand your decision making. If it is just ensuring profit for the day, that's fine. I do it all the time myself, no better reinforcement than money in the ...

Pivot Trading

Great tool for quick overview, particularly the combination of pivot position and ADR value. I can see this is very useful for people with little time who can then concentrate on only the best opportunities. image

Pivot Trading

I think H4 and Daily would be more useful, but looks good for an overall view. I presume this is not MT4.

Pivot Trading

Possibly only in hindsight, not when the high and low were set for the day. See how asymmetrical the high and low are compared to the daily open.

Pivot Trading

Good to see you back posting here, Michael. You are one of the best system analysts I know on Forex Factory.

Pivot Trading

Pent, you have a very nice subtle indi on your charts showing the various opens and LC. Would you be willing to share this indi, please?

Pivot Trading

They all have cad in them, they all moved the same way. Open an oil chart and you will see why and how.

Pivot Trading

Claudia EA Both AJ and EJ hit +5 after extended 3.5 hour timezone due to NY daylight saving. EJ after 7 minutes, AJ after 18 minutes. AJ was bouncing off 78.00 RN initially, maybe a lesson there.

Billytt Die happy trading e/j daily breakout

Claudia (and Lem), found the following thread: url Lem even made two comments. The attached, based on the thread, shows some opportunities. image

Billytt Die happy trading e/j daily breakout

Lem, thanks for your response. I am trading xauusd on MT4 same as currencies and Ger30. I am looking for more break out options for 5 pips, similar to Claudia's AJ and EJ Tokyo Open or your UC and CJ Dead Zone, but then for xauusd. Your times have ...

Billytt Die happy trading e/j daily breakout