MISSED PIVOTS

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BambinoFlex
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Re: MISSED PIVOTS

Postby BambinoFlex » Mon May 31, 2021 11:54 pm

LeMercenaire wrote:
BambinoFlex wrote:Exited CHFJPY with minor loss. These are the days experience will really shine. As with any strategy, losing is part of the equation. Just make sure you don’t give back what you made. Better wait for a new day with another chance.

CADJPY hit the missed pivot and we are done for today. Happy Memorial Day!


Or you could just avoid trading on days when both the US and UK banks are closed... ;)


Thank you for advice though, taking the adequate time off is my end goal. Not to stop working 9-5 only have my life consumed by trading. Not the goal at all.
Trading the TRO way

"If you're wrong, guess what...thats TRADING"

“Taking 15 pips and resizing your trade is vastly more profitable than holding for 100, 1000, or even 10,000 pips.” - MO

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BambinoFlex
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Re: MISSED PIVOTS

Postby BambinoFlex » Tue Jun 01, 2021 4:29 am

AUDUSD For a possible Pivot fade. Price has gone up a good amount, currently, for the past 100 days, 90+ closed between R2 and S2. Maybe price can continue up higher but lets see if we get a lower close on the hourly. I entered at R2 stop at R3 and Tp at pivot.
Trading the TRO way

"If you're wrong, guess what...thats TRADING"

“Taking 15 pips and resizing your trade is vastly more profitable than holding for 100, 1000, or even 10,000 pips.” - MO

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BambinoFlex
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Re: MISSED PIVOTS

Postby BambinoFlex » Tue Jun 01, 2021 6:14 pm

AUDUSD hasn’t hit the pivot but still paid off. Lots of gaps in the 1 minute tf! Even now, there’s a GAP close to the LOD.

Moving forward, EURUSD, CHFJPY and USDCAD have missed their monthly pivots. Based on today’s activity and placing trades in the direction of the missed pivot, I might be able to swing 1-3 trades a month. That would be perfect!
Trading the TRO way

"If you're wrong, guess what...thats TRADING"

“Taking 15 pips and resizing your trade is vastly more profitable than holding for 100, 1000, or even 10,000 pips.” - MO

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BambinoFlex
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Re: MISSED PIVOTS

Postby BambinoFlex » Wed Jun 02, 2021 8:59 am

Entered GBPUSD Long toward the daily missed pivot.
Trading the TRO way

"If you're wrong, guess what...thats TRADING"

“Taking 15 pips and resizing your trade is vastly more profitable than holding for 100, 1000, or even 10,000 pips.” - MO

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Re: MISSED PIVOTS

Postby BambinoFlex » Wed Jun 02, 2021 9:58 am

Forgot to mention, AUDUSD hit it's missed pivot from yesterday.
Trading the TRO way

"If you're wrong, guess what...thats TRADING"

“Taking 15 pips and resizing your trade is vastly more profitable than holding for 100, 1000, or even 10,000 pips.” - MO

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Re: MISSED PIVOTS

Postby BambinoFlex » Wed Jun 02, 2021 5:42 pm

Today was a good day. My longer term trading is not doing well. The trades are profitable, but me holding them is the problem. Take UCAD for example, I was targeting the missed monthly pivot...but on the way to that target...price will go up and down multiple times...what’s a good reason to hold until and “if” I get there? When I can take buys and sells along the way? I was reading one of MOs post where he said about building a boat and making gains that rise to the heavens...but he said something along the lines of “you can still take profits daily” what does he mean? That you keep your bias the same and just take profit and then reenter?
Trading the TRO way

"If you're wrong, guess what...thats TRADING"

“Taking 15 pips and resizing your trade is vastly more profitable than holding for 100, 1000, or even 10,000 pips.” - MO

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cheunt3
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Re: MISSED PIVOTS

Postby cheunt3 » Thu Jun 03, 2021 3:28 am

BambinoFlex wrote:Today was a good day. My longer term trading is not doing well. The trades are profitable, but me holding them is the problem. Take UCAD for example, I was targeting the missed monthly pivot...but on the way to that target...price will go up and down multiple times...what’s a good reason to hold until and “if” I get there? When I can take buys and sells along the way? I was reading one of MOs post where he said about building a boat and making gains that rise to the heavens...but he said something along the lines of “you can still take profits daily” what does he mean? That you keep your bias the same and just take profit and then reenter?


MO:

*"Stacking is worth more than holding"

*"You risk your money with the promise of a larger reward, you know what the larger is"

*"You might use charts but you make money using numbers "

*"What would happen if your first objective of the day was to absorb 2 lines?:
Day 00: $25/line ($200 in the box)
Day 01: $31 ($250)
Day 02: $39 ($312)
Day 03: $48 ($390)
Day 04: $61 ($488)
Day 05: $76 ($610)
Day 06: $95 ($762)
Day 07: $119 ($953)
Day 08: $149 ($1192)
Day 09: $186 ($1490)
Day 10: $232 ($1862)
Day 11: $291 ($2328)
Day 12: $363 ($2910)
Day 13: $454 ($3637)
Day 14: $568 ($4547)
Day 15: $710 ($5684)
Day 16: $888 ($7105)
Day 17: $1110 ($8881)
Day 18: $1387 ($11102)
Day 19: $1734 ($13877)
Day 20: $2168 ($17347)

And that is just stacking the first trade of the day!"

The boat = Accumulation and distribution baby!
MO "Don't try to predict what will happen next, simply aim to consistently apply your ideas."

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Re: MISSED PIVOTS

Postby BambinoFlex » Thu Jun 03, 2021 3:45 am

cheunt3 wrote:
BambinoFlex wrote:Today was a good day. My longer term trading is not doing well. The trades are profitable, but me holding them is the problem. Take UCAD for example, I was targeting the missed monthly pivot...but on the way to that target...price will go up and down multiple times...what’s a good reason to hold until and “if” I get there? When I can take buys and sells along the way? I was reading one of MOs post where he said about building a boat and making gains that rise to the heavens...but he said something along the lines of “you can still take profits daily” what does he mean? That you keep your bias the same and just take profit and then reenter?


MO:

*"Stacking is worth more than holding"

*"You risk your money with the promise of a larger reward, you know what the larger is"

*"You might use charts but you make money using numbers "

*"What would happen if your first objective of the day was to absorb 2 lines?:
Day 00: $25/line ($200 in the box)
Day 01: $31 ($250)
Day 02: $39 ($312)
Day 03: $48 ($390)
Day 04: $61 ($488)
Day 05: $76 ($610)
Day 06: $95 ($762)
Day 07: $119 ($953)
Day 08: $149 ($1192)
Day 09: $186 ($1490)
Day 10: $232 ($1862)
Day 11: $291 ($2328)
Day 12: $363 ($2910)
Day 13: $454 ($3637)
Day 14: $568 ($4547)
Day 15: $710 ($5684)
Day 16: $888 ($7105)
Day 17: $1110 ($8881)
Day 18: $1387 ($11102)
Day 19: $1734 ($13877)
Day 20: $2168 ($17347)

And that is just stacking the first trade of the day!"

The boat = Accumulation and distribution baby!


Thank you for that, makes sense, stacking is the way to go! With the box idea, do you need bias? I’m having a hard time understanding how to calculate the box size. For example, I have “zone” where I want to buy/sell. Currently I just add to my positions until I reach my max risk. Me using pivots, when fading a pivot, my zone is M3 to R1 for sells and M1 to S1 for buys. Do I divide that area by 8 then take positions in that grid?
Trading the TRO way

"If you're wrong, guess what...thats TRADING"

“Taking 15 pips and resizing your trade is vastly more profitable than holding for 100, 1000, or even 10,000 pips.” - MO

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BambinoFlex
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Re: MISSED PIVOTS

Postby BambinoFlex » Thu Jun 03, 2021 3:49 am

Cheunt:

Like this?
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Trading the TRO way

"If you're wrong, guess what...thats TRADING"

“Taking 15 pips and resizing your trade is vastly more profitable than holding for 100, 1000, or even 10,000 pips.” - MO

User avatar
cheunt3
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Re: MISSED PIVOTS

Postby cheunt3 » Thu Jun 03, 2021 5:50 am

BambinoFlex wrote:
cheunt3 wrote:
BambinoFlex wrote:Today was a good day. My longer term trading is not doing well. The trades are profitable, but me holding them is the problem. Take UCAD for example, I was targeting the missed monthly pivot...but on the way to that target...price will go up and down multiple times...what’s a good reason to hold until and “if” I get there? When I can take buys and sells along the way? I was reading one of MOs post where he said about building a boat and making gains that rise to the heavens...but he said something along the lines of “you can still take profits daily” what does he mean? That you keep your bias the same and just take profit and then reenter?


MO:

*"Stacking is worth more than holding"

*"You risk your money with the promise of a larger reward, you know what the larger is"

*"You might use charts but you make money using numbers "

*"What would happen if your first objective of the day was to absorb 2 lines?:
Day 00: $25/line ($200 in the box)
Day 01: $31 ($250)
Day 02: $39 ($312)
Day 03: $48 ($390)
Day 04: $61 ($488)
Day 05: $76 ($610)
Day 06: $95 ($762)
Day 07: $119 ($953)
Day 08: $149 ($1192)
Day 09: $186 ($1490)
Day 10: $232 ($1862)
Day 11: $291 ($2328)
Day 12: $363 ($2910)
Day 13: $454 ($3637)
Day 14: $568 ($4547)
Day 15: $710 ($5684)
Day 16: $888 ($7105)
Day 17: $1110 ($8881)
Day 18: $1387 ($11102)
Day 19: $1734 ($13877)
Day 20: $2168 ($17347)

And that is just stacking the first trade of the day!"

The boat = Accumulation and distribution baby!


Thank you for that, makes sense, stacking is the way to go! With the box idea, do you need bias? I’m having a hard time understanding how to calculate the box size. For example, I have “zone” where I want to buy/sell. Currently I just add to my positions until I reach my max risk. Me using pivots, when fading a pivot, my zone is M3 to R1 for sells and M1 to S1 for buys. Do I divide that area by 8 then take positions in that grid?


"...but on the way to that target...price will go up and down multiple times...."

I was just showing what would happen if you fix your target on the money instead of pips gained.

Think in money. Have a higher target on the chart. Use smaller targets to get to the higher target, in and out, in and out, build up your position for the larger, in your case your pivots.
MO "Don't try to predict what will happen next, simply aim to consistently apply your ideas."

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Thank you for your support.


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