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Weekly Pivot trading with TDI

  • #1,441
  • Aug 10, 2018 6:57am Aug 10, 2018 6:57am
Quoting BlackSwanJon
{quote} I'd like to think NZD has a bit more left to give, I've entered N/J long. {image}
Chanpion!! Nice call.
  • #1,442
  • Aug 10, 2018 7:00am Aug 10, 2018 7:00am
Quoting General Lee
{quote} i think GA need some retrace after hit S138

My personal view on GA.
GBPAUD 1.7628 - 1.7711 is area of the decline from 1.7985 peak.
GBPAUD bounced after reaching extreme from 1.7985 peak and could now see sellers in the bounce. Retracement.

Hope it does retraced at S138 level.
  • #1,443
  • Aug 10, 2018 7:13am Aug 10, 2018 7:13am
Quoting BlackSwanJon
{quote} I'd like to think NZD has a bit more left to give, I've entered N/J long. {image}
Hi buddy, the reason why I’m not buying NJ is the fact Yen is still strong after today Japan GDP was good then previous.
  • #1,444
  • Aug 10, 2018 7:16am Aug 10, 2018 7:16am
Quoting RonFXLive
{quote} Hi buddy, the reason why I’m not buying NJ is the fact Yen is still strong after today Japan GDP was good then previous.
Yeah valid, I might be picking up pennies in front of a steam roller! hehe

I'm going purely off PA & S161 level.
  • #1,445
  • Edited 7:47am Aug 10, 2018 7:17am | Edited 7:47am
Quoting BlackSwanJon
{quote} Yeah valid, I might be picking up pennies in front of a steam roller! hehe I'm going purely off PA & S161 level.

Bravo buddy...

Now looking at
AC located S78.
EC located S61.
GC located S100.
  • #1,446
  • Aug 10, 2018 8:20am Aug 10, 2018 8:20am
Quoting RonFXLive
{quote} Bravo buddy... Now looking at AC located S78. EC located S61. GC located S100.
Good numbers on CAD employment figures. Might have to wait awhile for PA to turn.
  • #1,447
  • Edited 9:40am Aug 10, 2018 9:30am | Edited 9:40am
Quoting RonFXLive
{quote} Hehe.. I’m holding short for AN at entry price 1.11521. Gaining 70 pips each for 4 positions at the moment. Thinking to close it if PA doesn’t meet my requirement. Target is 1.10521 which is another 30 pips more to TP. Shall see see how the US CPI news later on and decide.

Hi traders, AN have hit my TP target at price 1.10521 at
Entry price at 1.11521.100 pips each for 4 positions. 400 pips profits.

Currently still holding strong for short EG.
Going as expected.
Entry at 0.90135
Gaining now at 60 pips each for 4 positions. 240 pips.

Many thanks to Davit’s amazing system. Appreciate.

Thanks again Davit.
  • #1,448
  • Aug 10, 2018 9:32am Aug 10, 2018 9:32am
Quoting skippyone
{quote} Good numbers on CAD employment figures. Might have to wait awhile for PA to turn.
waiting for price to turn around.( Price Action )

Nice buddy..
  • #1,449
  • Aug 10, 2018 9:34am Aug 10, 2018 9:34am
Quoting RonFXLive
{quote} Hi traders, AN have hit my TP target at price 1.10521 at Entry price at 1.11521. 100 pips each for 4 positions. 400 pips profits. Currently still holding strong for short EG. Entry at 0.90135 Gaining now at 60 pips each for 4 positions. 240 pips. Many thanks to Davit’s amazing system. Appreciate. Thanks again Davit.
cool
  • #1,450
  • Aug 10, 2018 9:45am Aug 10, 2018 9:45am
Quoting General Lee
{quote} cool
Friday closing and rates will re-position on the closed of the US market. I’m left with EG running with locked profits. Not going in any trade till Monday.

Next week will be a good trading week for everyone.
Critical zone are waiting for us.

Watch out for GU coming up to the familiar S-zone. Next week we can all go long.
Seem to me that GBP pairs are strengthening and hopefully we can catch some pullback on the S-zone. Watch out for it


Happy trading!!
Ron.
  • #1,451
  • Aug 10, 2018 10:05am Aug 10, 2018 10:05am
Quoting RonFXLive
{quote} Friday closing and rates will re-position on the closed of the US market. I’m left with EG running with locked profits. Not going in any trade till Monday. Next week will be a good trading week for everyone. Critical zone are waiting for us. Watch out for GU coming up to the familiar S-zone. Next week we can all go long. Seem to me that GBP pairs are strengthening and hopefully we can catch some pullback on the S-zone. Watch out for it Happy trading!! Ron.
see you next week mate..
  • #1,452
  • Aug 10, 2018 10:13am Aug 10, 2018 10:13am
Quoting General Lee
{quote} see you next week mate..
See you buddy.

Enjoy your weekend!
  • #1,453
  • Aug 10, 2018 10:47am Aug 10, 2018 10:47am
Hi all,

I just joined this forum and have not been involved a lot on Forex Factory for several years. I like the approach from this forum and would like to test it out. I have gone to the links from the first post, but have not been able to determine where to download the indicators from. I just opened my MT 4 account and wish to engage in Forex trading again. Your help would be greatly appreciated and I hope to do well enough to contribute to the forum.

Chris
  • #1,454
  • Aug 10, 2018 11:56am Aug 10, 2018 11:56am
Quoting chrisb
Hi all, I just joined this forum and have not been involved a lot on Forex Factory for several years. I like the approach from this forum and would like to test it out. I have gone to the links from the first post, but have not been able to determine where to download the indicators from. I just opened my MT 4 account and wish to engage in Forex trading again. Your help would be greatly appreciated and I hope to do well enough to contribute to the forum. Chris
All necessary files are in the paperclip

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 15 KB
  • #1,455
  • Aug 10, 2018 2:33pm Aug 10, 2018 2:33pm
Short USDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: cad.png Size: 266 KB
  • #1,456
  • Aug 11, 2018 1:09am Aug 11, 2018 1:09am
tanks ron for sharing .

cheers .
  • #1,457
  • Aug 11, 2018 8:11am Aug 11, 2018 8:11am
Interesting Observation

On Monday, Aug. 6th, the EUR/USD went down below the S38 & turned around & went up. I noticed that price seemed to stop midway between the S38 & the S61 so I constructed a fibo between the S38 & the S61 & sure enough, price stopped exactly midway between the two. I call this point the S50 because 50 is midway between 38 & 61.
On Friday, price stopped between the S100 & S138 so I constructed a fibo between the S200 & S100 & sure enough, price stopped at a point that would correspond to the S123.6 if there were such a point.

I just wanted to pass these observations along. Could they be used as potential S/R for entering trades? adding to existing trades? taking profit?
Something to think about.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 64 KB
  • #1,458
  • Aug 11, 2018 8:48am Aug 11, 2018 8:48am
Quoting Pip Bull
Interesting Observation On Monday, Aug. 6th, the EUR/USD went down below the S38 & turned around & went up. I noticed that price seemed to stop midway between the S38 & the S61 so I constructed a fibo between the S38 & the S61 & sure enough, price stopped exactly midway between the two. I call this point the S50 because 50 is midway between 38 & 61. On Friday, price stopped between the S100 & S138 so I constructed a fibo between the S200 & S100 & sure enough, price stopped at a point that would correspond to the S123.6 if there were such a point....
https://www.forexfactory.com/showthr...45#post8946645

Please refer to the above for Davit's comment which was: "keep it simple".

Some people are meant to be leaders while others are followers. This system is compiled by Davit and, after he proved it works, he shares it with us. For leaders, they can always start a new thread, like Davit, to prove his own compilation of indicators work. Otherwise, please just be a follower to learn the way how Davit trade without complicate his system and template.

It is quite frustrated to see some posts here showing Davit's template without pivot or discuss about pairs' movement without using TDI and pivot as core rationale.

I truly wonder how many traders here really read Davit's thread and try to analyse his logic to make themselves a better trader.
  • #1,459
  • Aug 11, 2018 11:50pm Aug 11, 2018 11:50pm
[quote=PositiveTrad;11358184]{quote} Please refer to the above for Davit's comment which was: "keep it simple". Some people are meant to be leaders while others are followers. This system is compiled by Davit and, after he proved it works, he shares it with us. For leaders, they can always start a new thread, like Davit, to prove his own compilation of indicators work. Otherwise, please just be a follower to learn the way how Davit trade without complicate his system and template.

I began my post by stating that I had made an interesting observation. At no point did I suggest changing or adding any additional weekly fibo levels. I trade this strategy & I am doing quite well. I am very thankful to Davit for sharing this strategy & for Neil for continuing it. In my 15 yrs. of trading the Forex I've never seen anything quite like it.

You mention that you are quite frustrated to see posts here showing Davit's template without pivot, etc. The chart I attached to my post clearly shows the weekly pivots & TDI.

I focus on observing Price Action when price is in the vicinity of the weekly fibo pivots - especially the W61, W78 & W100. I disagree with your statement that the TDI is one of the core rationale. To me, Price Action & the Weekly Fibo Pivots are the key indicators, a TDI crossing is just icing on the cake. Take a look at this post:

https://www.forexfactory.com/showthr...2#post11336982

Davit states, "As people get better at trading we should start shedding off indicators. I can easily trade now without TDI I only need the pivots and Japanese candles."

I wonder how many traders here have read all of Davit's posts on this thread.
Cheers.
  • #1,460
  • Aug 12, 2018 12:55am Aug 12, 2018 12:55am
[quote=Pip Bull;11358867]
Quoting PositiveTrad
{quote} . In my 15 yrs. of trading the Forex I've never seen anything quite like it.
Cheers.
Hi, I have also observed these levels and use them on other charts along with other discoveries I have found, which help me with confluence in entries.

In reference to the above I quoted, are you referring to this particular strategy? I am just asking out of curiosity

cheers Mick
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