Weekly Pivot trading with TDI

AUD cpi forecasted to be slightly better than previous and also trimmed mean CPI forecasted to be around the same which should bring some strength to the Aussie.

USD we have core durable goods forecasted to be good along with Advance GDP also forecasted to be good we also have crude oil inventories too which has not yet been forecasted.

EUR we have ECB press conference and main refinancing rate.

https://de.investing.com/economic-calendar/

The question I think many people is asking is when you guys decide that objectively you are wrong and need to take the loss. RS100 weekly pivot level or what else? I know Davit use a monetary stop loss but I find hard to use it without graphically knowing on the chart when I'm gonna be wrong. I was fiddling with some charts today and being a fan of measured moves concept I observed something interesting...if we take the distance between Weekly pivot and R or S 61 and use as our stop loss projecting it from RS 61 W level many times market reverses and give us the opportunity to exit with a decent profit before market brakes that projection. In the image I noted with rectangles this distance and its projection...if we buy at 61 78 and 100 with a SL at the border of the projected rectangle most of the times we are profitable. Hope I was clear, regards to all.

Kette, not that simple.
Here is one from Davit a while back,
Also remember to look at the RED news. Plan your calander events according to the red news!

REALLY NOW! Neil please!

Are we opening the trash can, must really try harder instead of calling me names. Neil said this morning we need to stop and I did out of respect to him. Now because of one comment from Davit you feel invincible!

Happy to see you back . Please come back and be relax. Please ignore the violators as pivot trading thread needs you. Visitors have decreased drastically. New posting are least. Hopefully you will consider it

Khangfm
You continued with the argumentative comments apologies but you are now removed.

we continue posting around WP with tdi thankyou

we will appreciate if you tell us some economic source where tell AUD CPI q/q forecasted to be sligtly better than previous
I'm still injured with GBP last week, kkkk. (GBP CPI y/y 2.4% 2.6% 2.4%)

Last time on Mon Apr 23 21:30 AUD CPI q/q 0.4% 0.5% 0.6% (black color, despite less than 0.5% forecasted)
because they did not hit the forecast last time, so this time they reduced the forecast by 0.1 percentage point

so, WHO KNOWS, this time? that is a question
21:30 AUD CPI q/q ??.?% 0.5% 0.4%

cheers

I agree, but Visitors have decreased because Davit closed it to red flag members only. Most of the noise there came from haters trying to proof him wrong.

Green pips,

That’s just based on FF buddy, if you go through the news last week all the results the forcast was quite accurate ( I think it was one bit of gbp news where forcast was positive yet actual was negative) I look at the figures of previous and forcast, if forcast is better than previous which would show strength I assume that that currency should have good news, I can’t predict the exact figure of course but all I am interested in is weather or not the forcast is good or bad. Of course the “actual” can be different to forcast but if I knew the future I’d win all my trades lol. If price is at our “R zone”, TDI is towards the top end, news is expected to be negative that gives me a strong bias too short, of course all I do then is watch PA and wait for TDI to confirm the move along with the anglenator in the 4-6 o clock position.
Hope this helps you

Does anyone have the Davit's pivot indicator for TradingView?

Thanks

[quote = Egbert; 11285168] {quote} Kette, nicht so einfach. Hier ist eine von Davit vor einer Weile. Denken Sie auch daran, sich die RED-Nachrichten anzusehen. Planen Sie Ihre Kalender-Events nach den roten Nachrichten! {Bild} [/ quote]

thx

Calendar summary for week of July 22nd - July 28th. Green Pips to all!

· Monday
USD Existing Home Sales – If number is disappointing watch for USD to drop significantly, losing the significant gains it made last week. If number is inline with forecast, USD could still drop due to current political climate, and impact of tariffs. If number beats forecast, USD likely to gain significant strength and momentum.
GBP MPC Member Broadbent Speaks – If tone is hawkish regarding economy, then chances increase for near term increase in interest rates. If tone is bearish, then GBP is likely to fall further.

· Tuesday
French/German PMI – If value is within forecast, expect EUR to gain momentum higher, but since PMI values have been consistently decreasing over the past few months, expect possible increase and then quick sell of Euro. If value significantly beats forecast, its likely Euro may continue its bullish trend from last week.
AUD CPI – Number meets or beats forecast, its likely AUD will see significant increase in strength. If number is slightly below forecast, expect some sell off, and a quick rebound due to overall AUD strength. If value is significantly below forecast, expect significant selling of AUD across the board.

· Wednesday
Crude Oil Inventories – If values is higher than previous value (5.8 M), expect CAD to drop across the board.

· Thursday
OPEC-JMMC Meetings – The tone of this meeting can have a significant impact on USD/CAD. If OPEC decides to restrict oil supply or keep it the same, then this would lead to a significant increase in CAD strength. If OPEC decides to increase oil supply, then USD/CAD would be expected to shoot up.
EUR Main Refinancing Rate/ECB Press Conf/Core Durable Goods – If values are within forecasts, or higher expect EUR to gain significant strength.
AUD PPI – Value within forecast or higher, then continue to see AUD strength elevated.

· Friday
USD GDP – This is a big one. Forecast is very high at 4.1% - depending on the final number. IF value is 3% or higher, I expect to see USD strength across the board. If value below forecast, expect a very SIGNIFICANT drop for USD across the board. This event could cause some wild fluctuations, and I will likely be staying out unless the value meets or beats forecast, or is significant low (less than 2.5%).

For some of the new traders that keep asking about pivot indicators.. They can be drawn on any platform with the fibo drawing tool.. Yes it may take some time setting them up once the new week starts but... If you take the time to do this.. You can trade this system on any platform without having something coded... And you will get the chart time you need to understand the system..

And to add the TDI.. It is just a simple as using the RSI indi then adding 2 moving averages to the RSI window and making the RSI color none

Then put a 1 sma and change the close to typical/3 on the weekly to get the pivot point! For this week check the pivot point from the previous weeks candle/sma.
Also for last week candle write down the high and low!
Use this formula to calculate and input the values to the fibo tool properties, the first value will be your pivot point and the second value will be your S100.
All of this help is from BIG names in FF, Erebus and Griffinssoul in Davits’s original thread!

Even this way is second nature to me if I’m not at the computer.

The formula is,

pivot point-(1*(H-L))
=S100

Creating your own TDI!

I'm assuming the 1 SMA is based on the high, low and close.

Yes correct!