Weekly Pivot trading with TDI | Page 70 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Converting Stoch Histogram, Auto Pivot and TDI into MT5 1 reply

TDI-ADX System (swing trading using TDI) 116 replies

Weekly Pivot to Pivot Trading 19 replies

The Pivot Net Revisited (Weekly Pivot Net) 41 replies

Easy Does It off the TDI indicator - EDI TDI 134 replies

Attachments: Weekly Pivot trading with TDI
Exit Attachments

Weekly Pivot trading with TDI

  • #1,381
  • Aug 9, 2018 12:34pm Aug 9, 2018 12:34pm
The GBP pairs have smashed my equity this week, good lesson learned. Take the fundamentals as a important factor into this system. This is why Davit consistently mentions that we must take fundamental factors into the equation. Futhermore I lost 8% in one week. The only pair that has paid me dividends was U/C but the rest have dented me.

When price action find structure at RS 61 and stalls at RS38, do you hold your positions to reach WP or do you cash out?
  • #1,382
  • Aug 9, 2018 1:07pm Aug 9, 2018 1:07pm
Quoting RieseP
The GBP pairs have smashed my equity this week, good lesson learned. Take the fundamentals as a important factor into this system. This is why Davit consistently mentions that we must take fundamental factors into the equation. Futhermore I lost 8% in one week. The only pair that has paid me dividends was U/C but the rest have dented me. When price action find structure at RS 61 and stalls at RS38, do you hold your positions to reach WP or do you cash out?
Hi Riesep,

How I managed my positions was to breakeven at 1 pip when I gained and let the profits run, and to certain profits I will start to trail.
And it also depends on the market PA at that time. Is individual style of managing risk.
I do have my losses too and it’s pretty normal.

A good system or strategy must always include losing.

Hope this answer helps you.

Thanks.
Ron.
  • #1,383
  • Aug 9, 2018 1:09pm Aug 9, 2018 1:09pm
Are you guys still selling EG through the news?
life is a reflection of what we allow ourselves to see
  • #1,384
  • Aug 9, 2018 1:12pm Aug 9, 2018 1:12pm
Quoting mikeeating
Are you guys still selling EG through the news?
Yes I’m still holding on to EG, GA and GJ.
  • #1,385
  • Aug 9, 2018 3:12pm Aug 9, 2018 3:12pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB
  • #1,386
  • Aug 9, 2018 4:55pm Aug 9, 2018 4:55pm
EURCHF AT S78, good area to buy. Target S38
  • #1,387
  • Aug 9, 2018 5:39pm Aug 9, 2018 5:39pm
This system is based off swings.
However despite having updated pivots each week I advise you all too look at higher time frames and price action too. For Eg GU look at weekly timeframe can see price is still very much in a downtrend towards 1.27 area where it MAY find support. Despite a trend having multiple swings always think of the bigger picture.
  • #1,388
  • Aug 9, 2018 5:43pm Aug 9, 2018 5:43pm
Anyone about to enter a long on NZDUSD?
  • #1,389
  • Aug 9, 2018 6:26pm Aug 9, 2018 6:26pm
Quoting shay14
Anyone about to enter a long on NZDUSD?
Hi Shay14, do not enter long yet, as NU will be doing much lower before it comes back up.. observed PA.

Cheers.
Ron.
  • #1,390
  • Edited 7:16pm Aug 9, 2018 6:55pm | Edited 7:16pm
Asian session rush. Lets see what they do to the gbp pairs....

And of course asian session drags the gbpjpy down lol
  • #1,391
  • Edited 7:56pm Aug 9, 2018 7:31pm | Edited 7:56pm
Quoting sharingan9
Asian session rush. Lets see what they do to the gbp pairs.... And of course asian session drags the gbpjpy down lol
( Updates on my EG, GJ and GA.)

EG gaining at 30 pips each. 4 positions.
GJ closed at breakeven at 1 pip. 4 positions.
GA gaining at 90 pips for 4 positions.

As today GBP red news will be mix data.
and today US news for Core CPI.

It seem to me that EU and GU is going to be close at weekly low and if it does then more lows to come expected.

It is going to be a challenging and interesting pairs to watch for EU & GU next week.


Good luck members!
Trade with care.
  • #1,392
  • Aug 9, 2018 7:36pm Aug 9, 2018 7:36pm
Quoting RonFXLive
{quote} ( Updates on my EG, GJ and GA.) EG gaining at 30 pips each. 4 positions. GJ closed at breakeven at 1 pip. 4 positions. GA gaining at 90 pips for 4 positions. As today GBP red news will be mix data. and today US news for Core CPI. Good luck members! Trade with care.
Do you have a chart showing how you handled GJ? I am unsure what you mean by closed at break even 1 pip. Where did you trail the stop exactly? thanks
  • #1,393
  • Aug 9, 2018 7:47pm Aug 9, 2018 7:47pm
Quoting sharingan9
{quote} DO you have a chart showing how you handled GJ? I am unsure what you mean by clsed at break even 1 pip. Where did you trail the stop exactly? thanks
What I meant was. Let say when I’m gaining at 30 pips. I will secured with 1 pip.

For example GJ. My entry price for long is 142.000 when gained at 142.300. ( 30 pips profits) I will input my SL to 142.010. So when price come down to 142.010 I’m still at gained at 1 pip profits instead of loss. Meaning that I will let the rest of 29 pips to run till 60 pips and I will again locked at 30 pips and price came down to my 30 pips. I’m still a winner of 30 pips.
  • #1,394
  • Aug 9, 2018 7:51pm Aug 9, 2018 7:51pm
Quoting RonFXLive
{quote} What I meant was. Let say when I’m gaining at 30 pips. I will secured with 1 pip. For example GJ. My entry price for long is 142.000 when gained at 142.300. ( 30 pips profits) I will input my SL to 142.010. So when price come down to 142.010 I’m still at gained at 1 pip profits instead of loss. Meaning that I will let the rest of 29 pips to run till 60 pips and I will again locked at 30 pips and price came down to my 30 pips. I’m still a winner of 30 pips.
I see. thanks
  • #1,395
  • Aug 9, 2018 7:51pm Aug 9, 2018 7:51pm
Quoting sharingan9
Asian session rush. Lets see what they do to the gbp pairs.... And of course asian session drags the gbpjpy down lol
There’s a Japan red news for GDP just now and that’s why closed my GJ at 1 pip.
  • #1,396
  • Aug 9, 2018 8:00pm Aug 9, 2018 8:00pm
Quoting RonFXLive
{quote} There’s a Japan red news for GDP just now and that’s why closed my GJ at 1 pip.
Ah smart haha. I figure since on Forex Factory it only showed medium and low impact I did not pay too much attention haha
  • #1,397
  • Aug 9, 2018 8:01pm Aug 9, 2018 8:01pm
Quoting sharingan9
{quote} Ah smart haha. I figure since on Forex Factory it only showed medium and low impact I did not pay too much attention haha


Risky to trade on any US pairs at the current moment. Look at Dollar Index. Even though at those critical pivot zone it might be just a pullback and resume the trend.

Well worth watching.

Good luck!
  • #1,398
  • Aug 9, 2018 9:54pm Aug 9, 2018 9:54pm
AUDNZD
1-excellent double top
2- rejection key level 1.1170
3-RBA Monetary Policy Statement
Probability to Short 90%
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDkM30.png Size: 43 KB
  • #1,399
  • Aug 9, 2018 10:46pm Aug 9, 2018 10:46pm
Quoting zzz18
AUDNZD 1-excellent double top 2- rejection key level 1.1170 3-RBA Monetary Policy Statement Probability to Short 90% {image}
Or it could be just some more consolidation before moving higher - Note double top and move from WR78 on Tues/Wed to WR38 before RBNZ rate announcement and exploding higher. Only PA and time will tell.
  • #1,400
  • Aug 10, 2018 12:09am Aug 10, 2018 12:09am
Well,stranded at airport tonight in Houston, looks like I will have plenty of time to look for trade set ups and put plans into action. So happy I decided to bring my laptop & charger. Now to get a beer and let the night begin.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
1 trader viewing now