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Weekly Pivot trading with TDI

  • #741
  • Jul 31, 2018 5:50pm Jul 31, 2018 5:50pm
Quoting Merka
Hi I'm trying to setup the pivot indicator but cannot understand some parameters required. My broker time: GMT+3 My broker Start H1: 00:00 My broker Finish H1: 23:00 TimeZoneOfData(New York GMT): ??? Do I need to convert my broker time to NY time for this field? Auto TimeAdjustment: true if this parameter is true no need for any time correction like above. isn't it? Thanks {image}
Mine is all set to true use this link ensure its "Fibonacci pivot points" and "weekly" pick a pair and see how your pivots line up with them, if there off by a few pips that's fine if there massively out you need to adjust your time on the indicator until they pretty much line up obviously they don't display S78 or R78 but if your main pivot point is pretty much on the rest will be on

Link
https://www.actionforex.com/markets/...-pivot-points/
  • #742
  • Jul 31, 2018 5:53pm Jul 31, 2018 5:53pm
Quoting bohurst
This may help some people. {image}
On the first page too thankyou.
  • #743
  • Jul 31, 2018 6:15pm Jul 31, 2018 6:15pm
Quoting Rej
Hi All, This month result 13825.29 pips (Live account), Thanks to Davit again. {image}
Rej, after a careful examination of your trades and your profits, to me it doesn't pass the sniff test. Though your average trade (538 trades in a month) made $2.31 per trade. It appears to me you really are good at scalping, then actually trading pivots. But, maybe someone else more qualified could analyze your data after all I am just a student here.
You NEVER will be the person you could be, without pressure & discipline
  • #744
  • Jul 31, 2018 6:39pm Jul 31, 2018 6:39pm
Quoting DiamondMiner
{quote} Rej, after a careful examination of your trades and your profits, to me it doesn't pass the sniff test. Though your average trade (538 trades in a month) made $2.31 per trade. It appears to me you really are good at scalping, then actually trading pivots. But, maybe someone else more qualified could analyze your data after all I am just a student here.
I agree. I've been trading this system for years and one thing I notice when people post their stats is the mount they increased their balance in a month. Rej, while I congratulate him on a nice profit for the month, has increased his balance by 130% in 1 month which means either over leveraging positions or scalping. The average growth for a month should be around the 10% per month, 30% for the very skilled. However those that are doubling their balances in a week are typically using reckless trading and will most likely lose half their balance or more with the same reckless trading. Even Davits doesn't get 130% per month because he doesn't over risk and over leverage. He uses small positions sizes and understands proper money management. If Davits grew at 130% per month he would be a billionaire by now.
  • #745
  • Jul 31, 2018 10:19pm Jul 31, 2018 10:19pm
Quoting ppxdf
{quote} You did an excellent job. quite useful. I'm sure that davit will like it very much and will praise you. put your name on the job so that others give you all the credits
Nah Someone else shared this a while back in Davits thread. I can't take credit for it.
  • #746
  • Edited 11:41pm Jul 31, 2018 11:26pm | Edited 11:41pm
Quoting sharingan9
{quote} I agree. I've been trading this system for years and one thing I notice when people post their stats is the mount they increased their balance in a month. Rej, while I congratulate him on a nice profit for the month, has increased his balance by 130% in 1 month which means either over leveraging positions or scalping. The average growth for a month should be around the 10% per month, 30% for the very skilled. However those that are doubling their balances in a week are typically using reckless trading and will most likely lose half their...


It all depend on what is my risk appetite, just because you can't take that risk factor doesn't mean I can't!

Post trade setups and stop analyzing peoples accounts, PLEASE!!!!!!!

Neil, please these people saying" typically using reckless trading and will most likely lose half their " statements is not fair to those sharing their achievements with the group.
We obey the structure that results from the market's reaction
  • #747
  • Aug 1, 2018 1:11am Aug 1, 2018 1:11am
Agree guys please don't pass judgment on other peoples risk management its there choice lets stick to posting around WP with TDI as long as we are taking pips that's all that matters. I ask this so ever body gets on and the thread dosent become a slagging contest. Hoping UC hits R78 today
  • #748
  • Aug 1, 2018 1:32am Aug 1, 2018 1:32am
Quoting Neil0163
Agree guys please don't pass judgment on other peoples risk management its there choice lets stick to posting around WP with TDI as long as we are taking pips that's all that matters. I ask this so ever body gets on and the thread dosent become a slagging contest. Hoping UC hits R78 today

Hey Neil,
First post here today. Regarding UC, What made you expect that? because of the ADP Non-Farm Employment Change in 6hrs? I'm currently shorting it right now after pin-bar from S61.
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  • #749
  • Edited 2:13am Aug 1, 2018 1:53am | Edited 2:13am
UC is effected by oil news as its CAD, theres some good news for the US but I think the NFP will drive a lot of US pairs on Friday so im staying out of a lot of US pairs. however with oil news today forcasted to be better this should make CAD stronger. (if im correct in thinking) the better the oil figures the weaker USD comes against CAD last time was -6.1m its now forcasted at -2.6m looking back at the 25th jul you can see figures came out worse than expected and price plummeted with it being forcasted to be better this should drive UC Downwards.

But it may not also as there is a lot of heavy US news to come. This is why PA is the key obviously ill only take the trade should it tie in with PA,TDI and my S Pivot

Just be careful shorting at S levels this is where price finds support usually and turns around. Looking at that pic though your long rather than short.

UPDATE-post edited
IM TALKING ABSOLOUTE RUBBISH!

SO the better the oil figures the stronger the CAD the weaker the USD. so im looking for this news to push UC down to my S point and then look to buy from there.
so much analysis going on this week! loosing track of whats what lol appologies
  • #750
  • Aug 1, 2018 2:03am Aug 1, 2018 2:03am
Quoting Neil0163
UC is effected by oil news as its CAD, theres some good news for the US but I think the NFP will drive a lot of US pairs on Friday so im staying out of a lot of US pairs. however with oil news today forcasted to be better this should make CAD weaker. (if im correct in thinking) the better the oil figures the stronger USD comes against CAD last time was -6.1m its now forcasted at -2.6m looking back at the 25th jul you can see figures came out worse than expected and price plummeted with it being forcasted to be better this should drive UC upwards....
Cheers for the clear explanation Neil. I appreciate it.
  • #751
  • Aug 1, 2018 2:56am Aug 1, 2018 2:56am
JPY still weak and OS across the board with many J pairs around WR100 or beyond.

Yesterday I made a mistake entering short on UJ at WS78 while PA was flat and no sharp angle on TDI. My fault.
Luckily I entered only a small position and floating DD is little, so depending on how it will evolve (plenty of red news coming on USD), I can decide exit earlier for a small loss or start to build positions if it reverses.
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Porta itineris dicitur longissima esse
  • #752
  • Aug 1, 2018 3:10am Aug 1, 2018 3:10am
Quoting bubincka
JPY still weak and OS across the board with many J pairs around WR100 or beyond. Yesterday I made a mistake entering short on UJ at WS78 while PA was flat and no sharp angle on TDI. My fault. Luckily I entered only a small position and floating DD is little, so depending on how it will evolve (plenty of red news coming on USD), I can decide exit earlier for a small loss or start to build positions if it reverses. {image}

Yep. Reason why i stayed away from EJ and others. I had EJ and GJ (normally dont trade this pair with this system) on Monday and closed it on Tues. Wait for a few days if not weeks because Yen blasted 100 area with news. Could be a long term trend but will always keep an eye out on the S&R.

Current trade i am in is NCad. Failed to break S38 and not so bad news for NZD. If Cad is strong and breaks S78 ill close it with a loss. But looking back at the 4 hour chart, seems good area to go long.
  • #753
  • Edited 3:27am Aug 1, 2018 3:10am | Edited 3:27am
Quoting Egbert
{quote}[/b] It all depend on what is my risk appetite, just because you can't take that risk factor doesn't mean I can't! Post trade setups and stop analyzing peoples accounts, PLEASE!!!!!!! Neil, please these people saying" typically using reckless trading and will most likely lose half their " statements is not fair to those sharing their achievements with the group.
Rej is the person who posted his account on a public forum for people to look at(analyze). If you do not like it either ignore him or ignore me. It doesn't matter what someones risk appetite is. 130% balance increase with this system is reckless trading or he is scalping which is not the system at all.

If newbies see this 130% balance increase in a mounth they may bet half their account on 1 trade which is not good risk management so it is important to talk about because new traders tend to have unrealistic expectations of the markets.

That is my commentary on the matter. Stop crying and making up rules. Also stop begging Neil to make a rule about not being allowed to comment on someones stats that they choose to post. Also stop begging for people to post set ups and find your own set ups, no one is going to spoon feed you.
  • #754
  • Aug 1, 2018 3:18am Aug 1, 2018 3:18am
Quoting Neil0163
Agree guys please don't pass judgment on other peoples risk management its there choice lets stick to posting around WP with TDI as long as we are taking pips that's all that matters. I ask this so ever body gets on and the thread dosent become a slagging contest. Hoping UC hits R78 today
@ Neil, I apologize for causing any trouble on your thread as that was not my intent. However respectfully, I will say that it is important to discuss risk management as Davits did in his thread because trading is not just setups and exits but also Money Management as you know and new people may see 130% increase in a month and try to do it also and then blow their accounts in 2 trades. However if this is now the rule, I will not talk about others risk. Thanks for opening this thread. I have my eye on GBPCAD as you mentioned earlier. I will wait to see what GBP news prints
  • #755
  • Aug 1, 2018 3:27am Aug 1, 2018 3:27am
Quoting Wolfgangbang
entered long USD/CHF {image}
TP reached
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  • #756
  • Aug 1, 2018 3:35am Aug 1, 2018 3:35am
Quoting raklian
{quote} Price action is flat and TDI is not turning down at a sharp angle, suggesting consolidation rather than a reversal. Maybe this trade will work out but if you want to be successful in the long run, try aiming for just A+ setups. Also, don't forget to look at the calendar events that would suggest USD/JPY is more likely to go down than up.
you right, this is likely to go up
  • #757
  • Aug 1, 2018 3:36am Aug 1, 2018 3:36am
Hi traders, I’m back to analyse my pair at the current moment.

I have short CJ at R138 price 86.030.
SL at above R161 price 86.440.
TP at WP price 84.813.
Rejected 2 times at R138.
H1 TDI crosses and pointing downwards 68.
H4 TDI not yet cross, if it’s cross downwards then I will be adding more positions.

I have long UC at S38 price 1.30197.
SL at just below S61 price 1.29670.
TP at WP price 1.30872
H4 TDI have cross upwards.

Hopes that helps.

Cheers.
Ron.
  • #758
  • Aug 1, 2018 4:01am Aug 1, 2018 4:01am
Some heads up on trade war news.

Trump admin is considering raising its planned 10% tariffs on $200 billion in Chinese imports to 25%, a move that would ratchet up pressure on Beijing to return to the negotiating table.

If that’s is the case from the above then I will be looking at Aussie currency weakness.

Thanks.
Ron.
  • #759
  • Aug 1, 2018 4:36am Aug 1, 2018 4:36am
UJ Short
H4 Chart
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  • #760
  • Aug 1, 2018 5:38am Aug 1, 2018 5:38am
UJ Short
H1
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