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Weekly Pivot trading with TDI

  • #1,861
  • Aug 17, 2018 4:20am Aug 17, 2018 4:20am
Quoting RieseP
{quote} Im still holding on my EJ long postions? I had opportunity to take profit however I was aiming for WP only to be short by a few pips. The markets are in strong trends, and no signs on reversals. From a fundamental aspect with fears around the Brexit and trade wars between the USA and Turkey we need to ensure that we trade heavily with fundamentals as our main criteria.

Hi Riesep,

Are you in profits? If yes it’s better to secured it. Because right now EJ is testing the previous bottom for a break down or bounce. Overall trend is still on the downside.

Hope I can help you to decide your EJ pair at this time.
Becareful of price 125.000 - 125.110 ( EJ ) remember this price was my take profit price previously which I have posted it here.

Yen is back with strength. EUR is still weak base on fundemental news. Even though strong EUR news data can’t provide any moves at this current moment.


Happy pips.
Ron.
  • #1,862
  • Aug 17, 2018 4:29am Aug 17, 2018 4:29am
Quoting cuchuflito
{quote} Agree, all my 10 pairs show nothing tradable so far...weekend time...
I doesn't see any thing on the pairs I trading too (same pairs as on 1 page). But maybe something happens after the CAD news?

Regards

Paal
  • #1,863
  • Aug 17, 2018 5:40am Aug 17, 2018 5:40am
CAD
  • #1,864
  • Edited 7:43am Aug 17, 2018 5:44am | Edited 7:43am
Hello everyone,

This is my first post here. In on UC short.
Hero Traders Live to see their Accounts Die!
  • #1,865
  • Aug 17, 2018 5:45am Aug 17, 2018 5:45am
Quoting RieseP
CAD
USDCad gives on giving....this pair is bae
  • #1,866
  • Aug 17, 2018 6:02am Aug 17, 2018 6:02am
Simoneg , there should be a little white arrow ,which you could click on and move your chart to the left to dodge all the stuff on rhs if you want
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  • #1,867
  • Aug 17, 2018 6:09am Aug 17, 2018 6:09am
Quoting starpro
Simoneg , there should be a little white arrow ,which you could click on and move your chart to the left to dodge all the stuff on rhs if you want {image}
Thank you starpro! I'm new to Metatrader!
Hero Traders Live to see their Accounts Die!
  • #1,868
  • Aug 17, 2018 6:09am Aug 17, 2018 6:09am
Quoting RonFXLive
{quote} Hi Riesep, Are you in profits? If yes it’s better to secured it. Because right now EJ is testing the previous bottom for a break down or bounce. Overall trend is still on the downside. Hope I can help you to decide your EJ pair at this time. Becareful of price 125.000 - 125.110 ( EJ ) remember this price was my take profit price previously which I have posted it here. Yen is back with strength. EUR is still weak base on fundemental news. Even though strong EUR news data can’t provide any moves at this current moment. Happy pips. Ron.
Agreed. E still in downtrend and J remains safe haven. Only weakness to J bringing stronger dollar but it's all till Trumpkin will do something stupid. I prefer to stay away from them for now and keep buying C against everyone!
  • #1,869
  • Aug 17, 2018 6:30am Aug 17, 2018 6:30am
Quoting denisius
{quote} Agreed. E still in downtrend and J remains safe haven. Only weakness to J bringing stronger dollar but it's all till Trumpkin will do something stupid. I prefer to stay away from them for now and keep buying C against everyone!

Well done Denisius.

Have a good weekend.
  • #1,870
  • Aug 17, 2018 6:58am Aug 17, 2018 6:58am
Quoting RonFXLive
Hi traders, 15/August. My own analysis. Davit’s Pivot system and PA movement. My pairs below for yesterday entries GU, EU and UJ. GU-H1- I have long GU at price 1.26708 just below S38. TDI is up. But there’s resistance at 1.27340, hopefully it breaks up. Price hovering at S38. Waiting for direction for break or bounce back down. GBP Retail Sales is the key to move the pair. H4 - price hovering at S38. TDI have cross upwards. Daily support sitting at 1.26540. UJ-H1- I have Long UJ at price 110.650 above S38. TDI cross upwards. Resistance at 111.406....
Hi members,


Updates my results for this week for EU, GU and UJ.

EU - gained 80 pips each for 4 positons - 320 pips.

GU - gained 50 pips each for 4 positons - 200 pips.

UJ - breakeven at 1 pip each for 4 positions - 4 pips.

EJ - hit my target at 100 pips each for 4 positions - 400 pips.

Overall winning is 924 pips in total for one week.
More pips to come for USD selling off as pullback.
U mich sentiment prelim printed red.
All stated very clearly at the earlier post.

Sitting at 15% gained for this week.

( Price action and Davit’s pivot do wonders. )


Have a good weekends for all members.


Oops I’m new trader as someone posted. Lol...

Thanks.
Ron.
  • #1,871
  • Aug 17, 2018 7:18am Aug 17, 2018 7:18am
I would like to thank Davit once again for his amazing pivot system that goes well with my price action trading.

Thanks Davit and hope you can see this message.

Have a great weekend.

Cheers
Ron.
  • #1,872
  • Aug 17, 2018 7:22am Aug 17, 2018 7:22am
Quoting BlackSwanJon
Yes I need to see strong PA (break of 1.2735) to go long.....then it could ping right up to R38! {image}
Buddy pls look at your GU. Becareful of price 1.27340 resistance area. If break and closed above build more positions.

Have a good weekend.
You’re doing great.
  • #1,873
  • Aug 17, 2018 7:46am Aug 17, 2018 7:46am
Well played Ron!

I'm finishing flat for the week.

Took losses on U/J & U/Ch at the start of the week. (note to self, watch out for Monday am FOMO!!!)
Best trade was U/C.

Gave back a lot of profit, letting trades run & seeing them fall back.
Avoided some heavy losses by managing trades before Major news!!!
  • #1,874
  • Edited 7:15pm Aug 17, 2018 8:14am | Edited 7:15pm
Quoting RonFXLive
{quote} Buddy pls look at your GU. Becareful of price 1.27340 resistance area. If break and closed above build more positions. Have a good weekend. You’re doing great.
Hi Ron,
I have been observing EU and GU pairs for a week. (personaly, I don’t like Euro and Pound)

Look like they hard to break these resistances (I mean we got a new edge), We might go short them? maybe. However, we have ECB conference next week. I will avoid euro and pound btw.

This week took losses from J pairs but get profits from UC and NC pairs (classic pair). I got in UC pair on 38R about 30 mins before news release because I saw engulfing and seem hard to break this line.

I knew news hard to predict but we might trade with probability.
Cheers.
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  • #1,875
  • Aug 17, 2018 8:29am Aug 17, 2018 8:29am
Quoting RonFXLive
{quote} Hi members, Updates my results for this week for EU, GU and UJ. EU - gained 80 pips each for 4 positons - 320 pips. GU - gained 50 pips each for 4 positons - 200 pips. UJ - breakeven at 1 pip each for 4 positions - 4 pips. EJ - hit my target at 100 pips each for 4 positions - 400 pips. Overall winning is 924 pips in total for one week. More pips to come for USD selling off as pullback. U mich sentiment prelim printed red. All stated very clearly at the earlier post. Sitting at 15% gained for this week. ...
I see you have 4 positions on each pair.
Is there a particular reason why you are splitting your orders into 4 small positions.
For example, If i have a setup I usually risk 1% of the account on that setup but don't split the order into more small positions.

Regards
  • #1,876
  • Aug 17, 2018 8:30am Aug 17, 2018 8:30am
Quoting cHerawit
{quote} Hi Ron, I have been observing EU and GU pairs for a week. (personaly, I don’t like Euro and Pound) Look like they hard to break these resistances (I mean we got a new edge), We might go short them? maybe. Cheers.

Smart PA call cherawit.

GU resistance at 1.27340. If closed above then probably pulllback will inch one more leg up then come down. Which I think at the current moment is difficult, because overall is still a strong downtrend.

If resistance 1.27340 can’t hold then probably will see a short from that price which is very likely to happen by looking at the price movement. And if it does the price will mostly dip further to 1.26540 which is the next support in Daily timeframe.


EU resistance at 1.14300 - 1.14500. Probably will meet seller to make a short down. Which likely will happen.
Price to watch. Overall is a downtrend.

Thank you krub.
Ron.
  • #1,877
  • Aug 17, 2018 8:41am Aug 17, 2018 8:41am
Quoting Merka
{quote} I see you have 4 positions on each pair. Is there a particular reason why you are splitting your orders into 4 small positions. For example, If i have a setup I usually risk 1% of the account on that setup but don't split the order into more small positions. Regards

Hi Merka,

Risk management is individual preference. No right wrong.

What you can do is to split your risk into how many positions you want. For example. If you’ would like to take 4 positions at one go then you have to split to 0.5% per trade that makes into 2% for 4 trades. Or maybe at the first start, try to trade 1 position to have a feel then slowly increase your positions according to your risk.

Thank you.
Ron.
  • #1,878
  • Aug 17, 2018 8:48am Aug 17, 2018 8:48am
Just a quick edit to my previous post after a new Higher high we then wait for a higher low to form to confirm the trend change I believe in my post I put a lower high slightly embarrassing it was early hours of the morning
  • #1,879
  • Aug 17, 2018 8:49am Aug 17, 2018 8:49am
Quoting Neil0163
Just a quick edit to my previous post after a new Higher high we then wait for a higher low to form to confirm the trend change I believe in my post I put a lower high slightly embarrassing it was early hours of the morning
  • #1,880
  • Aug 17, 2018 11:50am Aug 17, 2018 11:50am
Thank god I didn’t close my EJ postions, patience is a virtue
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