You and zzz18 can find these answers elsewhere with a little effort. Asking Davit questions such as this is akin to wanting your hand held. Davit's not going to hold your hand.

Pivot Trading

Im not sure what leverage Davit uses, but he's with Oanda and in the states it's capped at 50:1 If "most guys" are using 400:1 then they are most likely blowing accounts. Most long term successful traders use much less then that. You can still grow ...

Pivot Trading

Trading pivots is not a foreign concept. It was an old floor traders technique. I ran into an old CME floor trader and he mentioned several chaps used it back in the day. There were no charting that was done, just manual calculations. There also ...

Who influenced/inspired you the most in your trading?

These clowns show a complete lack of self awareness. image ¯\_(ツ)_/¯

Who influenced/inspired you the most in your trading?

AUD moving up on better then expected retail sales.

Pivot Trading

Im long from the .61S bounce. If it finds support above the weekly open price then ill hold a bit more.

Pivot Trading

No kidding. Best not to make eye contact with that one. Equivalent to the chap on the corner talking to himself, screaming at his own shadow.

Pivot Trading

Probably because over time you developed some bad habits. I’m not a big fan at setting SL at break even. Chances are more then likely that price will revisit your original entry. You have to give the trade some room to breath. My advice is you go ...

Pivot Trading

Trade update: image

Pivot Trading

Very true. If price extends further later into the week, i'll eye in the following week for a possible reversal. When price finds SR beyond the 100+ level, then thats an indication to me that i may want to get out.

Pivot Trading

UC at the break of range. image

Pivot Trading

Agreed. Because of this: Watching and waiting to see if reverses. I closed out last weeks NC but it still going south. image

Pivot Trading

Holdover from last week making its move... image

Pivot Trading

That would have been a great vintage trading station lol

Pivot Trading

Very true, and that’s the fearless part.

Pivot Trading

Nice attitude. Trade with confidence, trade without fear.

Pivot Trading

I think you’re on the right track. Just don’t get married to that .618 level. If there is some further CAD weakness then could easily breach .786 and further. I never try to think a setup “will” work. I trade if price “is” working. Watch what price ...

Pivot Trading

Exactly, my DD limit will always vary on where price is at. If it appears that I am wrong then I gtfo immediately. Most of the time I just need to wait a little bit for the trade to develop.

Pivot Trading

Interesting to see this tug of war with OPEC. They were giddy when oil cratered to $30, resulting in a surge of US Oil and Gas producers bankruptcies.

Pivot Trading

Exactly. Textbook swing failure. image

Pivot Trading