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Weekly Pivot trading with TDI

  • #761
  • Aug 1, 2018 6:17am Aug 1, 2018 6:17am
Quoting hunter101
{quote} 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.
UJ still in the game, now has turned more bearish, at least not to justify an early exit. It will all depends on all USD HIN today and after tomorrow plus trade war outcome with China. In principle should be correct to stay out (if not already in) of UJ trade.
Attached Image (click to enlarge)
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Porta itineris dicitur longissima esse
  • #762
  • Aug 1, 2018 6:28am Aug 1, 2018 6:28am
not bad from 2018-07-15:
Attached Image (click to enlarge)
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  • #763
  • Aug 1, 2018 7:35am Aug 1, 2018 7:35am
Quoting sharingan9
{quote} @ 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...
its not a problem buddy RM is important as you say just trying to keep the peace for us all lol how did you get on with GC
  • #764
  • Aug 1, 2018 8:46am Aug 1, 2018 8:46am
Quoting Neil0163
{quote} its not a problem buddy RM is important as you say just trying to keep the peace for us all lol how did you get on with GC
Then peace it is bruv.

Still didnt take GBPCAD because it didnt hit the S61 yet although its close. My concern though is there is alo of GBP news approaching the next few days as well as CAD news such as crude oil, Trade Balance etc and then there is NFP. DO you think it is wise to still take GBPCAD? I am undecided.
  • #765
  • Aug 1, 2018 9:36am Aug 1, 2018 9:36am
Hi Neil, been an invisible observer of Davit's post for over 6 years. Last few months I came back to it and it has been phenomenal. Officially joined the forum today, just to tell you how good of a job you are doing right here. Well done and keep the flag flying.
  • #766
  • Aug 1, 2018 9:46am Aug 1, 2018 9:46am
Quoting sharingan9
{quote} Still didnt take GBPCAD because it didnt hit the S61 yet although its close. My concern though is there is alo of GBP news approaching the next few days as well as CAD news such as crude oil, Trade Balance etc and then there is NFP. DO you think it is wise to still take GBPCAD? I am undecided.
Why would you take it mid-pivot?
  • #767
  • Aug 1, 2018 9:48am Aug 1, 2018 9:48am
Quoting bubincka
{quote} UJ still in the game, now has turned more bearish, at least not to justify an early exit. It will all depends on all USD HIN today and after tomorrow plus trade war outcome with China. In principle should be correct to stay out (if not already in) of UJ trade. {image}
This is a classic textbook short entry, would have dipped a toe or two if not for the pending US red news on the calendar.
  • #768
  • Aug 1, 2018 10:03am Aug 1, 2018 10:03am
Quoting raklian
Just a friendly reminder to all of you. Davit has said not to plan your trades around calendar events, only to be aware of them. There's a huge difference between the two.
Hi Guys decided to drop by check how things are going here.

Raklian I think you misunderstood the reason why doing the calendar. Its being aware of events so you can plan your trades and take advantage of them.
Its not passive its active methodology.
cheers
In trading, you have to be defensive and aggressive at the same time
  • #769
  • Aug 1, 2018 10:14am Aug 1, 2018 10:14am
Quoting mizi123
{quote} Price is diverging wildley on 15 min look's like R38 will be the station {image}
20/20 sets up look great.There are as many divs that didn't work. There was no point of your post here.I recommend you read how divs form.Its got nothing to do with buyers or sellers its just oscillators catching up with price.Basically lagging indicator giving signals that has no relevancy in reality of the markets.
People who trade divs or think they do actually most have other 10 factors that they look for confirmation and trigger was not the divergence alone....That's been my experience observing these traders who claim they are trading divergence when in reality they are not.
As you get better at trading you start relying less and less on oscillators until one day you stop using them....
cheers
In trading, you have to be defensive and aggressive at the same time
  • #770
  • Aug 1, 2018 10:15am Aug 1, 2018 10:15am
Quoting sharingan9
{quote} Then peace it is bruv. Still didnt take GBPCAD because it didnt hit the S61 yet although its close. My concern though is there is alo of GBP news approaching the next few days as well as CAD news such as crude oil, Trade Balance etc and then there is NFP. DO you think it is wise to still take GBPCAD? I am undecided.
Just looking at CAD pairs chart I feel as though CAD is going to get very weak!
of course ill review cal see if this aligns with my bias
I am not looking to short GBP what so ever though for me this is a clear buy and the lower she drops the better for my buys.
big one is interest rate tomorrow theres a very slight chance they wont rise rates yet which would cause GBP to plumit however looking at the votes its more than likely going to be raised! I think GBP will be the big one for me this week. We shall see obviously PA needs to be there around my buy areas I wont just be jumping in
  • #771
  • Aug 1, 2018 10:20am Aug 1, 2018 10:20am
Jumping up so fast

I know JPY is so weak, however, I still love this trade
Attached Image(s) (click to enlarge)
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Jakepuia
  • #772
  • Aug 1, 2018 10:31am Aug 1, 2018 10:31am
just to inspire you guys
Guys who can't find information from "1st page" should look harder,Things that come easy people don't appreciate specially when shared free..

Only small % make it in this business and that small % of people try harder! more passionate about trading and generally motivated more.Ask yourself how much success you really want and take appropriate action towards it.
After mentioning doing calendar events saw only 1 person doing it.worse one guy did not even know BOE rate decision was this week....

Anyway see you for another feedback in the future.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYM15.png Size: 51 KB
In trading, you have to be defensive and aggressive at the same time
  • #773
  • Aug 1, 2018 10:45am Aug 1, 2018 10:45am
The base of the TDI is the RSI.

Here is a PDF by John Hayden. He dis-spells the myths and misunderstandings of the RSI. If the indicator is on the chart you should understand what it's telling you, other wise don't use it.

Don't mean to step on anyone's toes, but we don't know what we don't know, until we know.
Attached File(s)
File Type: pdf RSI-The Complete Guide-John Hayden.pdf   6.7 MB | 714 downloads
  • #774
  • Aug 1, 2018 10:49am Aug 1, 2018 10:49am
Quoting Davit
just to inspire you guys Guys who can't find information from "1st page" should look harder,Things that come easy people don't appreciate specially when shared free.. Only small % make it in this business and that small % of people try harder! more passionate about trading and generally motivated more.Ask yourself how much success you really want and take appropriate action towards it. After mentioning doing calendar events saw only 1 person doing it.worse one guy did not even know BOE rate decision was this week.... Anyway...
The King Davit shines his light once again. Thanks for the feedback and a great system
  • #775
  • Aug 1, 2018 12:10pm Aug 1, 2018 12:10pm
Quoting Neil0163
{quote} Id be more confident at looking to long on S61 rather than S38 looking at past PA and TDI still pointing down
Thanks Neil. If entering on 30min, do we wait for TDI to turn on 30min or a HTF (4hr) first and then look for entry after on LFT (30/15min)
  • #776
  • Aug 1, 2018 12:17pm Aug 1, 2018 12:17pm
Quoting JydeL
{quote} This is a classic textbook short entry, would have dipped a toe or two if not for the pending US red news on the calendar.
Yes it is.
Later today, leveraging on sudden JPY strength and considering the quantity of incoming red news tomorrow and Friday I closed all my short trades EJ, GJ, UJ, NJ for a nice profit.
After the news I can always re-enter.
Porta itineris dicitur longissima esse
  • #777
  • Aug 1, 2018 12:24pm Aug 1, 2018 12:24pm
Quoting Gmatrader
{quote} Thanks Neil. If entering on 30min, do we wait for TDI to turn on 30min or a HTF (4hr) first and then look for entry after on LFT (30/15min)
For me I like to use the 4 hour time frame as it displays a lot more previous price action on the whole. I wait for price to come down to my pivot on my 4 hour chart (note pivots stay in the same place regardless of time frame) once price gets in my interest zone I then drop down to a 15 minute time frame to establish what price is doing there ie I watch price action eg if im looking to buy I wait for a lower high (LH) to form after a Lower low (LL) then a Higer low (HL) ill take entry. TDI should have crossed on the 15 min by this point and on the 4 hour chart TDI should be pointing upwards. for my exit I do the reverse of the above stated, its all about watching price action. TDI just gives you the warm fuzzy.
  • #778
  • Aug 1, 2018 12:30pm Aug 1, 2018 12:30pm
Quoting Neil0163
{quote} For me I like to use the 4 hour time frame as it displays a lot more previous price action on the whole. I wait for price to come down to my pivot on my 4 hour chart (note pivots stay in the same place regardless of time frame) once price gets in my interest zone I then drop down to a 15 minute time frame to establish what price is doing there ie I watch price action eg if im looking to buy I wait for a HH to form then a LH ill take entry. TDI should have crossed on the 15 min by this point and on the 4 hour chart TDI should be pointing...
Nice one... thanks for the clarification, was helpful.
  • #779
  • Aug 1, 2018 12:35pm Aug 1, 2018 12:35pm
Quoting Gmatrader
{quote} Nice one... thanks for the clarification, was helpful.
no problem re read my post buddy ive just edited it slightly
  • #780
  • Aug 1, 2018 12:50pm Aug 1, 2018 12:50pm
When we talk price action maybe this will help some out

Below is a 4 hour chart and a 15 minute this is what I look for. We don't take entry based on TDI alone its based around Price action TDI is just a warm fuzzy confirmation.

AOI=Area of interest
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4 hour TDI.png Size: 109 KB
Click to Enlarge Name: 15 min.png Size: 80 KB
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