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Weekly Pivot trading with TDI

  • #621
  • Jul 28, 2018 1:08am Jul 28, 2018 1:08am
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We obey the structure that results from the market's reaction
  • #622
  • Jul 28, 2018 4:38am Jul 28, 2018 4:38am
Quoting denisius
{quote} Re read rules of this strategy again. " if price pass 100 level and continue traveling further it's most likely supported fundamentally. I have not seen Davit takes trades above 100. At least he never posted it. So to say you are breaking rules now. It's totally up 2 you how to trade , I am just saying the facts. Good luck!


1) As price travels progressively away from weekly pivot it becomes more likely to go into correction.
2) 61 S/R key zone 78R/S is Scott Carney's last chance for reversal (spikes stops taken before reversal)
3) 100R/S another major zone. Should price smash 100 S/R then you are in strong trend supported by fundamentals.
"You know what needs to be addressed , completely completely reverse that".
  • #623
  • Jul 28, 2018 5:22am Jul 28, 2018 5:22am
Quoting denisius
{quote} Re read rules of this strategy again. " if price pass 100 level and continue traveling further it's most likely supported fundamentally. I have not seen Davit takes trades above 100. At least he never posted it. So to say you are breaking rules now. It's totally up 2 you how to trade , I am just saying the facts. Good luck!
Fundamentals upgrade to the technical level and then to the ideological level ，“Confidence + faith”
Time cost + opportunity cost>probability ，Calculate the loss, accept the loss,Redefine risk，The market is a river, with only fluctuations, without beginning to stop or wait.
No one in the deal (except yourself)It forces you to measure risk ahead of time.
Science and art
Science and art
  • #624
  • Jul 28, 2018 7:20am Jul 28, 2018 7:20am
Quoting Egbert
{image}
message for beginners
if someone with an account with a balance of 4 digits and try to follow this example can enter the statistic of 90/90/90.
A 5-digit account and a lot of margin is needed for this enthusiasm.
I have a 5 digit live account leverage 1:10 and I still do not do it.
  • #625
  • Jul 28, 2018 7:34am Jul 28, 2018 7:34am
Quoting WGChina
{quote} Fundamentals upgrade to the technical level and then to the ideological level ，“Confidence + faith” Time cost + opportunity cost>probability ，Calculate the loss, accept the loss,Redefine risk，The market is a river, with only fluctuations, without beginning to stop or wait. No one in the deal (except yourself)It forces you to measure risk ahead of time. Science and art

  1. Losses are part of the deal，Admission of loss，Winning attitude is the key to success，Once a position is established, belief is especially important.
  2. Quote “Mark Douglas”，If you want to turn your money curve into a steady increase，The first step is to take responsibility。The basis of winning attitude。

Science and art
  • #626
  • Jul 28, 2018 8:07am Jul 28, 2018 8:07am
Quoting WGChina
My 10-day chart ,Of course, 10 days is too little. 100 days is my goal. PA is the king. Extreme cold and heat, people will eventually move to the normal temperature zone. {image}
For 10 days you have made 400% wow?
  • #627
  • Jul 28, 2018 9:16am Jul 28, 2018 9:16am
Quoting mizi123
{quote} For 10 days you have made 400% wow?
From ￥200 to ￥500 Why is it 400% 。I'm a beginner。
Science and art
  • #628
  • Jul 28, 2018 9:21am Jul 28, 2018 9:21am
Quoting WGChina
{quote} AC,Sorry, I didn't describe it clearly.First and second waves. {image}
It look like you are using a grid system based on pivots
  • #629
  • Jul 28, 2018 9:43am Jul 28, 2018 9:43am
Quoting Merka
{quote} It look like you are using a grid system based on pivots
Trading starts with opportunity, no opportunity, no transaction.
Science and art
  • #630
  • Jul 28, 2018 9:55am Jul 28, 2018 9:55am

  1. You never forget the well digger when you drink water.We were all talking to each other on the shoulders of giants。

Science and art
  • #631
  • Jul 28, 2018 2:19pm Jul 28, 2018 2:19pm
EJ UJ (along with CHF/JPY but that’s not a pair we trade here on this system) look really nice for a buy, I will be using pivots and TDI to try and gain a good entry. BOJ policy rate decision next week on Tuesday forecasted at -0.10% I don’t think figures will be positive and think there will be a more dovish outlook this of course will confirm a weak JPY.
As you can see rates have been on a decline for a few years now. I expect figures to stay around the same or decline. Again this of course would cause a weak JPY. That’s just my outlook
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  • #632
  • Jul 28, 2018 2:43pm Jul 28, 2018 2:43pm
Quoting Merka
{quote} It look like you are using a grid system based on pivots
That's the way to trade these ranging markets.
  • #633
  • Jul 28, 2018 4:10pm Jul 28, 2018 4:10pm
Quoting Neil0163
EJ UJ (along with CHF/JPY but that’s not a pair we trade here on this system) look really nice for a buy, I will be using pivots and TDI to try and gain a good entry. BOJ policy rate decision next week on Tuesday forecasted at -0.10% I don’t think figures will be positive and think there will be a more dovish outlook this of course will confirm a weak JPY. As you can see rates have been on a decline for a few years now. I expect figures to stay around the same or decline. Again this of course would cause a weak JPY. That’s just my outlook {image}...

Yes, You seem to be absolutely correct on this week's expectations.
if I calculated this correctly, the new pivots for these pairs should be near these numbers here
EUR/JPY Pivot should go down to 129.7473 (R3 131.3613 R2 130.7448 R1 130.3639 S1 129.1308 S2 128.7499 and S3 128.1333
USD/JPY Pivot should go down to 110.9763 (R3 111.7523 R2 111.4559 R1 111.2728 S1 110.6799 S2 110.4968 and S3 110.2003
CHF/JPY Pivot should go down to 111.748 (R3 112.809 R2 112.4037 R1 112.1533 S1 111.3427 S2 111.0923 and S3 110.687
  • #634
  • Jul 29, 2018 3:56am Jul 29, 2018 3:56am
This might be a help to some while manual trading. I use twitter to get immediate news. It helps, almost every significant events notification you will get from these twitter channels. Either put em on desktop or on your smartphone & switch on the notification while you trade. Any major decision from bank governors or political leaders, any significant event that might cause sudden market movement, you will easily understand. Hopefully this will help some traders.

Regards.

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How big can you think!
  • #635
  • Jul 29, 2018 2:13pm Jul 29, 2018 2:13pm
EU has been in R38-S38 range now for 4 weeks, PA has turned from s38 again could we get entry up to r38?? we shall see
NFP this week also dollar tends to loose strength until the release of NFP where it then decides to go. This of course would push EU to expected R38 before friday

GBP interest rate on Thursday, expected to be increased to 0.75% from 0.50% GU is now at last weeks pivot im hoping to see GU drop from last weeks pivot to S61 or more so bankers can get set to buy in ore of the good news. if I see GU drop down till around Wednesday night ill be looking to buy
  • #636
  • Jul 29, 2018 3:13pm Jul 29, 2018 3:13pm
Busy week for news!
JPY, USD & GBP rate decisions!

Here are my notes for Tuesday to help me manage/enter/exit trades.

Tue 31st
NZD Business Confidence, Employment Change & Unemployment Rate.
Could set up the direction of NZD for the month if all three economic #’s are a miss or beat.

JPY Policy Rate
Potential for JPY strength if there are any comments around downgrading the inflation forecast & lowering their target.

CAD GDP
Previous 3 months have all been beats, 0.3% or higher & I hope to see strong PA for CAD longs.

USD Consumer Confidence
I’m alert to a Trump tweet just before the announcement.
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  • #637
  • Edited 1:56am Jul 30, 2018 1:42am | Edited 1:56am
AN EN both on there way now to S38
EN has been bouncing from S38 for 4 weeks now (5 if we start today)
AN has been the same as above bouncing from S38 higher

NU rejecting from weekly pivot
  • #638
  • Jul 30, 2018 6:58am Jul 30, 2018 6:58am
Quoting Neil0163
AN EN both on there way now to S38 EN has been bouncing from S38 for 4 weeks now (5 if we start today) AN has been the same as above bouncing from S38 higher NU rejecting from weekly pivot
AN still floating around WS38, bias slightly bearish could drop to WS61, so wait and see.
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Porta itineris dicitur longissima esse
  • #639
  • Jul 30, 2018 7:07am Jul 30, 2018 7:07am
Hi guys, after reading Davit’s PDF again. I would think that it’s better to trade with TDI crossing down from 68 and crossing up from 32 more confirmation unless you know what’s PA is heading to.

Happy trading members.
Thank you.
Ron.
  • #640
  • Jul 30, 2018 7:12am Jul 30, 2018 7:12am
Quoting RonFXLive
Hi guys, after reading Davit’s PDF again. I would think that it’s better to trade with TDI crossing down from 68 and crossing up from 32 more confirmation unless you know what’s PA is heading to. Happy trading members. Thank you. Ron.
I’m still holding long for NJ gained 30 pips each for 2 positions locked profits at 10 pips each position.

Closed AJ long and UJ long at 1 pip.
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