Weekly Pivot trading with TDI

Quoting Davit

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{quote} 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

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Quoting Sossos

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Neil, on average, how many trades do you generally see in a week and do you hold over the weekends? Looking to make sure I don't over trade! I'm just looking for the shotgun average.

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Quoting Neil0163

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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 {image} {image}

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Quoting Davit

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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...

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Quoting langtoni

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{quote} Caught NZDJPY short too, twice this week, indicated by red arrows, bought shorts on blue arrow. I don't trade off MT4, I use Tradingview and FxTrade by Oanda, but Pivots are the same. If OP prefers me not to post my charts, thats cool. {image}

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Quoting Eli23

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hey Neil, where do you usally take profit. do you wait for price to come back to pivot line, or just follow PA and exit based on that?

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Quoting Sossos

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Thanks Neil, Beyond the 12 pairs listed what else do you monitor. I see you just mentioned the E/C. I'm being a pain in the ass because I have to setup the pivots points manually at the beginning of each week. No access to the Davit program on my platform. The other question that comes to mind is, do you ever consider correlation in your risk or do you take each pair separately with it's own risk amount.

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Quoting Sossos

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Thanks Neil, Beyond the 12 pairs listed what else do you monitor. I see you just mentioned the E/C. I'm being a pain in the ass because I have to setup the pivots points manually at the beginning of each week. No access to the Davit program on my platform. The other question that comes to mind is, do you ever consider correlation in your risk or do you take each pair separately with it's own risk amount.

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Quoting Neil0163

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{quote} My personal belief is that this system works on every currency.Why? a pivot point is a pivot point. Price moves because of people buying and selling. These areas are watched by other larger funds as they know a lot of eyes are on that specific area. Take USDTRY for example (im not in this trade spread is a joke as its exotic) but people should be looking to sell that its on its way to R78 and price action shows its pushing up but its becoming exhausted (candles are getting smaller and price is just grinding) Its just a case of being able...

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Quoting MoneyTalks58

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{quote} I advice that not to trade TRY pairs to short. Because fundamental facts are serious. Also there is a political tension. TRY is very vulnerable. https://www.bloomberg.com/news/artic...ctions-targets

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