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Weekly Pivot trading with TDI

  • #1,081
  • Aug 6, 2018 7:40pm Aug 6, 2018 7:40pm
Quoting jarfx05
the price is decisive{image}
I found some trade M1 , Is it you Jar?
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  • #1,082
  • Aug 6, 2018 8:04pm Aug 6, 2018 8:04pm
Quoting Eli23
{quote} yeah but assuming you get to TP on that 1, how much % will you make? if you hit SL , how much % will you mak
i agree with you. Voty is too pessimistic. Everybody know Pivot is one of the outstanding technique from from forex. of course because it is promisable to profit.
Profit growth tells you the trader ability.
  • #1,083
  • Aug 6, 2018 8:17pm Aug 6, 2018 8:17pm
These people are squeaky shoes after you've stepped in gum. Just throw em out.
  • #1,084
  • Aug 6, 2018 9:46pm Aug 6, 2018 9:46pm
Quoting A-Trader
{quote} hey man, good trades, I got in the same as you, scrolling through all the the charts , only 2 pairs that stood out so i pulled the trigger TDI turned within 5 pips ( give or take a few ) on pivot Let me knw what you think.. we do some some upcoming news on GBP mind you..3hrs 50m GBP AUD hovering close to R61... have to wait and see what she does.. {image} {image}
both position is stagnant, i'm gonna quit if there's still flat after today. ;(
the arrow on your chart is TDI crossing?
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  • #1,085
  • Aug 6, 2018 9:58pm Aug 6, 2018 9:58pm
Quoting sharingan9
{quote} The benefit is that it reduces the size of losses. Say I want to risk 4 dollars per pip on at trade that reaches the 61R. I will divide 4 dollars by 10 which is .40 cents(.04 lot). So I will enter 10 entries but spread out. I will enter 3 entries at 61R if price goes against me to the 71 I can add more 2 or 3 more positions, f price keeps going to 100 I can ad more positions and then when price finally turns my positions are spread across the zone keeping me in the game. If price drops right away from R61 I will add positions as price falls....

I know that you personally have no or very little drawdown. I would be interested to see exactly how you achieve that!
  • #1,086
  • Aug 6, 2018 11:40pm Aug 6, 2018 11:40pm
Quoting sharingan9
{quote} The benefit is that it reduces the size of losses. Say I want to risk 4 dollars per pip on at trade that reaches the 61R. I will divide 4 dollars by 10 which is .40 cents(.04 lot). So I will enter 10 entries but spread out. I will enter 3 entries at 61R if price goes against me to the 71 I can add more 2 or 3 more positions, f price keeps going to 100 I can ad more positions and then when price finally turns my positions are spread across the zone keeping me in the game. If price drops right away from R61 I will add positions as price falls....
Thank you for this brilliant and dramatic explanation..you had me in stitches at shaking in bed at night. First time i joined Davit's thread, i insisted on using only 1 entry at 1% and it seemed to work very nice for a while until 1 day all my entries smashed through all levels and i found myself with 15% drawdown in 2 days....that's when i truly appreciated the beauty of multiple entries with this system.....if your entries are in line with PA, you will probably never even reach 5% drawdown with multiple entries...
  • #1,087
  • Edited 12:42am Aug 7, 2018 12:02am | Edited 12:42am
Quoting Inception12
{quote} Thank you for this brilliant and dramatic explanation..you had me in stitches at shaking in bed at night. First time i joined Davit's thread, i insisted on using only 1 entry at 1% and it seemed to work very nice for a while until 1 day all my entries smashed through all levels and i found myself with 15% drawdown in 2 days....that's when i truly appreciated the beauty of multiple entries with this system.....if your entries are in line with PA, you will probably never even reach 5% drawdown with multiple entries...
What I recommend doing is measuring the pip distance from 61 to 138 and use that as your SL in your Lot Size formula. I would risk between .5% to 1% per pair traded (up to 10 pairs). Then take take the overall Lot Size that your formula works out to be and then break that overall Lot Size into 5-10 smaller lot sizes. Then you can do as sharingan9 suggests......if using 10 smaller lot sizes enter 2 or 3 at 61.......if price continues to go against you then enter 2 or 3 more at 78.......if price continues to go against you then enter 3 or 4 more at 100. At this point you will have your overall lot size in place and still have until 138 before you reach your overall SL. On the flip side to this, if price happens to go in your intended direction you can then start "stacking" your trades every 5 to 10 pips depending on the ADR20 of the pair traded. (10 for bigger ADR pairs)......but if your trading the right way you won't have any pairs with an ADR over 100.

edit: for a more detailed explanation look at David’s Pivot Trading thread at post 18,527.
  • #1,088
  • Aug 7, 2018 12:15am Aug 7, 2018 12:15am
Quoting Wolfgangbang
{quote} both position is stagnant, i'm gonna quit if there's still flat after today. ;( the arrow on your chart is TDI crossing? {image} {image}
Price action first. TDI is a warm fuzzy. You should be able to trade this system based off price action and pivots alone.
What pair is this?
if it’s GA look at your 4 hour chart.
GA shouldn’t be traded though as a newbie to this system (not sure how long you’ve been trading but I see your new to FF)
kindest regards
Neil
  • #1,089
  • Aug 7, 2018 12:21am Aug 7, 2018 12:21am
Quoting milicentfx
{quote} I know that you personally have no or very little drawdown. I would be interested to see exactly how you achieve that!
I build a strong case for entry. I only get 1-2 trades a week because I try to get the very best ones that I feel comfortable with. I am not as skilled as Davits, Neil or some others when it comes to reading current price action so I must rely on s/r, exhaustion, momentum weakening and the pivots. This limits the amount of opportunities I have to trade but it fits my trading style. Other traders that can read PA and price patterns are the ones that can find endless opportunities because they can find set ups that others cannot see. I am not as skilled unfortunately so I just rely on strict rules. Also using the multi positions entry style is genius idea that Davits had. I wish I thought of it when I was first trading but I am not an idea man, I just copy others ideas haha.
  • #1,090
  • Aug 7, 2018 12:31am Aug 7, 2018 12:31am
I am looking at AUDNZD. price nearing the R61, but there is AUD and NZD news that do not show any particular direction in less than 24 hours. Gov Low is going to speak as well which may send this pair in a flying. If I do not get an entry before an hour into US session I may skip this pair.

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  • #1,091
  • Aug 7, 2018 12:39am Aug 7, 2018 12:39am
Quoting Inception12
{quote} Thank you for this brilliant and dramatic explanation..you had me in stitches at shaking in bed at night. First time i joined Davit's thread, i insisted on using only 1 entry at 1% and it seemed to work very nice for a while until 1 day all my entries smashed through all levels and i found myself with 15% drawdown in 2 days....that's when i truly appreciated the beauty of multiple entries with this system.....if your entries are in line with PA, you will probably never even reach 5% drawdown with multiple entries...
Yes, I do love those multi entries. It takes the stress off trading because if I do not like the way the trade is going and it hit my SL requirement I end the trade with not to much damage done to my account and I will make that money back on the next trade. I would say it is one of the best things I have found in trading, and no one ever explains the risk management side of entries as people are obsessed with entry only and forget everything else(like I used to do haha).
  • #1,092
  • Aug 7, 2018 1:18am Aug 7, 2018 1:18am
Quoting sharingan9
I am looking at AUDNZD. price nearing the R61, but there is AUD and NZD news that do not show any particular direction in less than 24 hours. Gov Low is going to speak as well which may send this pair in a flying. If I do not get an entry before an hour into US session I may skip this pair. {image}
Am looking at it as well...tomorrow's NZD red news is not expected to be good so the pair might just continue flying up. I might wait till tomorrow's news before i enter it.
  • #1,093
  • Aug 7, 2018 1:34am Aug 7, 2018 1:34am
Quoting sharingan9
{quote} I build a strong case for entry. I only get 1-2 trades a week because I try to get the very best ones that I feel comfortable with. I am not as skilled as Davits, Neil or some others when it comes to reading current price action so I must rely on s/r, exhaustion, momentum weakening and the pivots. This limits the amount of opportunities I have to trade but it fits my trading style. Other traders that can read PA and price patterns are the ones that can find endless opportunities because they can find set ups that others cannot see. I am...
I'am not as skilled as Davits, Neil or some others when it comes to reading current price action so I must rely on s/r, exhaustion, momentum weakening and the pivots.

Davit have mention a couple of time that to be real good at something you need 10000 hours. And I guess that Davit do have those 10000 hours screen time.
  • #1,094
  • Aug 7, 2018 1:41am Aug 7, 2018 1:41am
Hello traders, this week ahead, it’s about time to watch AC, AN, AJ, EA and GA is sitting at critical pivot S&R levels.

Enjoy your day and coffee.

Cheers.
Ron.
  • #1,095
  • Aug 7, 2018 1:51am Aug 7, 2018 1:51am
Has anyone long EU at price 1.15600 slightly above S38 yesterday. It was a perfect long trade at S38.


Cheers.
Ron.
  • #1,096
  • Aug 7, 2018 1:58am Aug 7, 2018 1:58am
Quoting Eli23
{quote} yeah but assuming you get to TP on that 1, how much % will you make? if you hit SL , how much % will you mak
I would get minimum 0.5%, if I leave it like this and don't add on the way up.
The loss maximum 1%, but only if there is a 200 pips sudden drop. If it starts to move against me I will have a lot of time to limit the loss.
Not sure how exactly does this help you to know.
buying tops / selling bottoms
  • #1,097
  • Aug 7, 2018 3:06am Aug 7, 2018 3:06am
Hi guys!
Can i have a copy of the indicator please...
  • #1,098
  • Aug 7, 2018 3:42am Aug 7, 2018 3:42am
Quoting Jonjon2018
Hi guys! Can i have a copy of the indicator please...

Hi, indicators files are at the clipboard above.

Hopes that helps.

Ron.
  • #1,099
  • Aug 7, 2018 4:02am Aug 7, 2018 4:02am
thank you all for the entries explanation, it makes much more sense now.ill defiantly give it some thought





looking at this level
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  • #1,100
  • Aug 7, 2018 4:09am Aug 7, 2018 4:09am
AUD/NZD @ R61

Building short position, under the R61!
I really like AUD shorts after the am rally post RBA news.

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