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- Trendzy replied May 23, 2019
Yes, unfortunately foresight isn't possible. We just have to gauge the environment based on hindsight data and then make a judgement based on the odds of X happening over Y. Hope is the No. 1 cause of death in this Business.
- Trendzy replied May 23, 2019
Correct, it is a game of probabilities and I personally don't believe good trading is complicated or impossible but- "Trading is simple but not easy" -Jack Schwager, The New Market Wizards. In my opinion,what makes it hard is the role human ...
- Trendzy replied May 22, 2019
Top and Bottom picking strategies fall apart when markets/prices start trending and this is when the old adage-the trend is your friend rings true. In my humble opinion, Pivot strategy is very robust but if a trader doesn't adjust depending on price ...
- Trendzy replied May 9, 2019
Thank u for response and your patience. Will continue to study.
- Trendzy replied May 9, 2019
Seasoned traders, based on your experiences do these spikes contribute to lowering Reward to Risk asymmetry? for example EC here spikes and then corrects 50 pips settling at key fibo support areas which confluence with pivot areas
- Trendzy replied May 9, 2019
As I continue studying Davit System I am becoming a stickler when it comes to paying attention to the DO. I had some pending orders slightly below EN's DO but price managed to spike to R100. Hats off to traders who take trades at spikes
- Trendzy replied May 9, 2019
AU probably carving out a Double Bottom
- Trendzy replied May 9, 2019
AU H4 closed slightly above DO
- Trendzy replied May 9, 2019
I might be overreacting, Bur Geopolitics nowadays seem to be pushing World powers to the Brink of disaster. I hope these disputes get resolved coz as matters stand, they are quite disturbing
- Trendzy replied May 9, 2019
I like EN PA at this location. If current Candle closes below DO it will confirm PA. odds for a nice short will probably increase
- Trendzy replied May 9, 2019
As I continue to study and trade Davit pivot system, I continuously see how the DO can increase the odds of a trade and therefore pay attention to how PA behaves at 61-100 and DO. BUt anything can happen.
- Trendzy replied May 8, 2019
Seems like currencies are beginning to trend after being in consolidations for the most part of Q1.
- Trendzy replied Apr 27, 2019
Someone just said pivots and lagging indicators are similar ...oh my! LOL I don't think anyone with solid trading experience and on this thread will agree! utter nonsense!
- Trendzy replied Apr 26, 2019
Haha very funny Sir. I am one of those guys who believe that the Job of a trader is to trade and Trading is a skill that can't be taught, but it can be learned-Colm O'Shea
- Trendzy replied Apr 26, 2019
In my three years of trading, I have read so many books on trading (specifically technical analysis) from cover to cover but came across one that briefly discussed pivots. I even started taking the CMT (chartered market technician) course but I ...
- Trendzy replied Apr 26, 2019
Yesterday GU hammered at the S100 level and proceeded to trade in a range between the S100 and DO levels. Today, the first H4 candle has closed above DO. I like this PA. The odds for heading North look good.
- Trendzy replied Apr 25, 2019
EA seemed overextended but now trading back to below r100, and H1 candle closed below DO. Never traded a pair whose PA blew past 100. A bit conservative on this one...
- Trendzy replied Apr 25, 2019
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