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Weekly Pivot trading with TDI

  • #561
  • Jul 27, 2018 1:03am Jul 27, 2018 1:03am
Quoting RonFXLive
{quote} Hey Buddy, check your pivot price.. is it because of GMT setting?
Maybey because of different brokers
Happy trading
  • #562
  • Edited 1:17am Jul 27, 2018 1:05am | Edited 1:17am
Quoting Rijfie
i have also orders in nzdcad and audcad but not according to the rules. What to expect from these currencies. Will it keep going down or will it reverse.

To my understanding. CAD is still strong. So watching and monitoring CAD movement later in London open. Anyway today is Friday trade small.. things always happen or change during Friday.

EUR is still weak. Shall see how the London open.

Good luck..
Ron.
  • #563
  • Jul 27, 2018 1:08am Jul 27, 2018 1:08am
I have entered long for EJ at price 129.413 and target at S38 130.474 and WP 131.026. Will add more positions if it cross over to S100. TDI cross up in H1 timeframe. H4 timeframe still waiting for it to cross..

Yen pairs will probably starts for correction.


Cheers.
Ron.
  • #564
  • Jul 27, 2018 1:11am Jul 27, 2018 1:11am
Quoting Rijfie
{quote} Maybey because of different brokers
I guess so too
  • #565
  • Jul 27, 2018 2:00am Jul 27, 2018 2:00am
I have just entered long AC at price 0.96541 and target S38 0.97108.

Seem to me that CAD and YEN is strong at the current moment.
EUR and GBP is weak.

Happy trading.

Ron.
  • #566
  • Jul 27, 2018 2:09am Jul 27, 2018 2:09am
NC in the zone price starting to reject nicely. Previous area of support
  • #567
  • Jul 27, 2018 2:48am Jul 27, 2018 2:48am
Hi traders, I have Long AJ at price 82.069 and target WP 82.894.

Yen pairs correction are on the way.

Current positions - AC Long. AJ Long. UJ still holding Long.
NJ Long. EJ Long and NC Long.

Green pips to all members.
  • #568
  • Jul 27, 2018 3:20am Jul 27, 2018 3:20am
Last week I shorted UJ from r38 through to r200 where I eventually closed the positions, this week i shorted EJ from the r38 through to now the r100 where I have just closed off the first entry.

Not sure how others are avoiding this, are you all avoiding JPY pairs? seems sensible
life is a reflection of what we allow ourselves to see
  • #569
  • Jul 27, 2018 3:55am Jul 27, 2018 3:55am
Quoting mikeeating
Last week I shorted UJ from r38 through to r200 where I eventually closed the positions, this week i shorted EJ from the r38 through to now the r100 where I have just closed off the first entry. Not sure how others are avoiding this, are you all avoiding JPY pairs? seems sensible
Mike, I'm assuming you went E/J Long & price has run from S38 to S100 (or do you have the chart as J/E)?

I look for PA off the Pivot levels/zones, rather than avoiding currencies or placing buys at levels (you never know when one will flip from weak to strong & visa versa).
I didn't see any decent PA off the S38 level on E/J this week, so that kept me out at that level.
  • #570
  • Jul 27, 2018 3:59am Jul 27, 2018 3:59am
Took huge losses today. Nothing to do but keep learning.

Watching GC and will build my initial positions.
Attached Image (click to enlarge)
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adapt or be killed
  • #571
  • Jul 27, 2018 4:05am Jul 27, 2018 4:05am
Quoting mikeeating
Last week I shorted UJ from r38 through to r200 where I eventually closed the positions, this week i shorted EJ from the r38 through to now the r100 where I have just closed off the first entry. Not sure how others are avoiding this, are you all avoiding JPY pairs? seems sensible
Hi, if I may suggest, you should have a plan before entering a trade or building your positions. Like you can build positions between pivot points and cut when your trading bias is proven wrong by the market. That's why Davit said that this strategy requires more than 2 years experience in trading the markets. If you checked the uploaded files in this thread, you'll see what I mean.
adapt or be killed
  • #572
  • Jul 27, 2018 4:13am Jul 27, 2018 4:13am
UJ. Lost opportunity.
Because busy managing my losing positions in other pairs. => always cut losers early.
Attached Image (click to enlarge)
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adapt or be killed
  • #573
  • Jul 27, 2018 4:14am Jul 27, 2018 4:14am
Closed my AC trade for a loss, but was within my pre-defined amount risk. It seems to be going nowhere up soon. Still have two more trades running that are 6 times the size of the loss, so not worried. We cannot always win, but we can be smart about a loss.
  • #574
  • Jul 27, 2018 4:18am Jul 27, 2018 4:18am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB

I have checked EU moving in the past after ECB and on the pic you see EU rejected 3x in the last 2 weeks R38. After this my decision was to take some short with TDI confirmation.
First TP is S38, 2nd S68
  • #575
  • Jul 27, 2018 4:22am Jul 27, 2018 4:22am
Hi guys, I have cut my losses on NC and AC, cos CAD seem to be too strong, but will still be holding on to Long trades for UJ, AJ, NJ and EJ. No right or wrong. Only winners or losers.

i still believe Yen will be weak.
  • #576
  • Jul 27, 2018 4:27am Jul 27, 2018 4:27am
Quoting armaros
{image} I have checked EU moving in the past after ECB and on the pic you see EU rejected 3x in the last 2 weeks R38. After this my decision was to take some short with TDI confirmation. First TP is S38, 2nd S68

To be honest, that was a perfect entry and PA rejection at resistance area.
  • #577
  • Jul 27, 2018 4:36am Jul 27, 2018 4:36am
Quoting Rijfie
Buy usdjpy today forecast looks good. Lower low in price and higher low in tdi. What can go wrong. {image} {image}
closed positions with small profit.
6 trades 6 wins

Just doubt numbers coming up. Trump jelling numbers will be great ?
Happy trading
  • #578
  • Jul 27, 2018 4:38am Jul 27, 2018 4:38am
Good thing more people are sharing their losses.

AJ is currently at support area. May consider building position when 1hr TF TDI downcross is rejected.

1st screenshot - 1hr TF
2nd screenshot - 4hr TF
Attached Image(s) (click to enlarge)
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adapt or be killed
  • #579
  • Jul 27, 2018 4:46am Jul 27, 2018 4:46am
Quoting RonFXLive
Hi guys, I have cut my losses on NC and AC, cos CAD seem to be too strong, but will still be holding on to Long trades for UJ, AJ, NJ and EJ. No right or wrong. Only winners or losers. i still believe Yen will be weak.
My view is I will not enter long in EJ until S138-168 with TDI confirmation. EJ passed through S100 and under 100 is another story. So be careful Ron.
  • #580
  • Jul 27, 2018 5:14am Jul 27, 2018 5:14am
Completely agree with EJ closed my couple of long trades with small losses... Next area for support is much lower.. Trade lightly.

Happy Hunting!!!
Attached Image (click to enlarge)
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Happy Hunting!!!
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