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Weekly Pivot trading with TDI

  • #1,561
  • Aug 14, 2018 3:05am Aug 14, 2018 3:05am
Quoting RonFXLive
Hi members, Long GU at above S38 at price 1.28000.
nice. I will wait to see what happens after news
  • #1,562
  • Aug 14, 2018 3:06am Aug 14, 2018 3:06am
Quoting sharingan9
{quote} Long EUR? I was talking about a possible short of EURAUD but I do not like the PA leading up to the level. seems very choppy. You do not want to long EUR anymore? have you exited your EURJPY? Sorry for misunderstanding

As for EURAUD, I will looking to short at price 1.58000 which is between R100 to R138.
  • #1,563
  • Aug 14, 2018 3:06am Aug 14, 2018 3:06am
Quoting sharingan9
{quote} nice. I will wait to see what happens after news

I’m in for this pair.
  • #1,564
  • Aug 14, 2018 3:11am Aug 14, 2018 3:11am
Quoting RonFXLive
{quote} I’m in for this pair.
you are not concerned about gbp news. do you feel it will print green? I hope it flies up and gives you green pips
  • #1,565
  • Aug 14, 2018 3:14am Aug 14, 2018 3:14am
Quoting sharingan9
{quote} you are not concerned about gbp news. do you feel it will print green? I hope it flies up and gives you green pips
Hi bro, because I follow price action and Pivot trading as I don’t trade with news..

Thanks bro.
  • #1,566
  • Aug 14, 2018 3:18am Aug 14, 2018 3:18am
GA
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  • #1,567
  • Aug 14, 2018 3:31am Aug 14, 2018 3:31am
Hi everybody, i hope not to disturb with my post.
I have coded a Weekly fibo for my use (so please do not ask for changes, use it or leave it). It uses standard formula for pivot, allows you to show / hide 786 level and levels greater than 100, it allows you to see fibo levels of the previous weeks.
If text disturbs, you can choose very small fonts. If you need to read price you can go with pointer over the line.
It draws lines only once for the whole week, sometimes on Monday you have to change timeframe for the data update.
Take care.
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File Type: ex4 MyW_FiboPiv.ex4   39 KB | 397 downloads
  • #1,568
  • Aug 14, 2018 3:31am Aug 14, 2018 3:31am
Bang. GU.
  • #1,569
  • Aug 14, 2018 3:38am Aug 14, 2018 3:38am
Quoting RonFXLive
Bang. GU.
yes news was a mixed back but nothing crazy and with unemployment printing green we should see price move up with GU
  • #1,570
  • Aug 14, 2018 3:40am Aug 14, 2018 3:40am
Quoting sharingan9
{quote} yes news was a mixed back but nothing crazy and with unemployment printing green we should see price move up with GU
Yes buddy. It was mixed data.. by looking at the GU chart guess that it up for correction higher. That’s my view bro. No right wrong.

At times news release, PA may not react to news probably a small movement unless there’s major news like NFP, IR, ECB or FOMC.
  • #1,571
  • Aug 14, 2018 3:46am Aug 14, 2018 3:46am
Quoting RonFXLive
{quote} Yes buddy. It was mixed data.. by looking at the GU chart guess that it up for correction higher. That’s my view bro. No right wrong. At times news release, PA may not react to news probably a small movement unless there’s major news like NFP, IR, ECB or FOMC.
I see. good tips. thanks
  • #1,572
  • Edited 4:09am Aug 14, 2018 3:47am | Edited 4:09am
Quoting sharingan9
{quote} I see. good tips. thanks
My EC and AC looks good. But EJ doesn’t looks good. Lol

Let’s see the German Zew news and look at the direction.

Closed EJ long at 40 pips loss for 1 positions.

EC gained at 50 pips each for 4 positions. Breakeven at 1 pip.
AC gained at 30 pips each for 4 positions breakeven at 1 pip.
GU still losing at 24 pips for 1 positions. Will add more positions if gaining.


We can only build positions when gaining and not losing.
  • #1,573
  • Aug 14, 2018 4:00am Aug 14, 2018 4:00am
Bearish pin(inverted hammer) on GBPAUD at 61R looks tempting
  • #1,574
  • Aug 14, 2018 4:02am Aug 14, 2018 4:02am
After intensive reading, this is my trade plan:
-Pivots are roadmap.
-News.(fundam.)
-Divide my R into 6 small positions.
-Very wide stop.
-Enter up to 3, if market goes against me and conditions apply (ie. my trigger).
-Enter up to 3, if market goes my way (using my triggers).
I am a EW fan, so TP is based on Fibos in time and price.

So far: 5 trades, all winners, including an initial looser, that turned into a small profit after averaging down.
This is fun,
thank u guys and girls.

(Btw: there´s an old spanish proverb, "...not as easy as blowing glass and making bottles"..)
  • #1,575
  • Aug 14, 2018 4:04am Aug 14, 2018 4:04am
Quoting cuchuflito
After intensive reading, this is my trade plan: -Pivots are roadmap. -News.(fundam.) -Divide my R into 6 small positions. -Very wide stop. -Enter up to 3, if market goes against me and conditions apply (ie. my trigger). -Enter up to 3, if market goes my way (using my triggers). I am a EW fan, so TP is based on Fibos in time and price. So far: 5 trades, all winners, including an initial looser, that turned into a small profit after averaging down. This is fun, thank u guys and girls. (Btw: there´s an old spanish proverb,...

  • #1,576
  • Aug 14, 2018 4:24am Aug 14, 2018 4:24am
Quoting sharingan9
Bearish pin(inverted hammer) on GBPAUD at 61R looks tempting
Very uncertain moves for GA and I strongly believe that it will inch up higher before it comes back down.
  • #1,577
  • Aug 14, 2018 4:44am Aug 14, 2018 4:44am
Hi Everybody. What do you think about AC? Price is stopped at S61
  • #1,578
  • Aug 14, 2018 4:46am Aug 14, 2018 4:46am
Quoting RonFXLive
{quote} Very uncertain moves for GA and I strongly believe that it will inch up higher before it comes back down.
I see but the only problem is I am sleepy and I want to go to bed so I will probably miss this trade haha. I do not like using limit orders because I am not able to build the positions the way I want to and I am not able to look at PA at the level with limits. I live in the US, I wish I lived in a place where I am awake london session. It is hard to trade when you are falling a sleep hahaha
  • #1,579
  • Aug 14, 2018 4:49am Aug 14, 2018 4:49am
Quoting sharingan9
{quote} I see but the only problem is I am sleepy and I want to go to bed so I will probably miss this trade haha. I do not like using limit orders because I am not able to build the positions the way I want to and I am not able to look at PA at the level with limits. I live in the US, I wish I lived in a place where I am awake london session. It is hard to trade when you are falling a sleep hahaha

Yes you’re right. And I’m base in Singapore so is ok to trade London market. I usually don’t put limit order unless I’m out and can’t keep track on any chart.

When you’re tired or sleepy. You can’t trade well. Need lots of focus on price turn.

Honestly I dislike looking at chart for a long time because you tend to overtrade. So best is stay away from chart.

Pls go take some rest.
  • #1,580
  • Aug 14, 2018 5:03am Aug 14, 2018 5:03am
Quoting RonFXLive
{quote} Yes you’re right. And I’m base in Singapore so is ok to trade London market. I usually don’t put limit order unless I’m out and can’t keep track on any chart. When you’re tired or sleepy. You can’t trade well. Need lots of focus on price turn. Honestly I dislike looking at chart for a long time because you tend to overtrade. So best is stay away from chart. Pls go take some rest.
do you have any good trick to know that prices are starting valid to turn around mate..?
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