Weekly Pivot trading with TDI

Quoting kirinda

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{quote} yes, because of R38. Maybe I should have waited for R61?

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Quoting kojak

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{quote} Personal choice of course, but i never use R38. Patience until it reaches R61 and then add your position on the way down through R38(if it closes below), targeting DP.. But i hope it goes south for you mate

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Quoting kojak

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My only open positions right now - nzd/usd long - gbp/usd short nzd/usd long is a free trade(sl to be) we will see how gpb/usd works out... {image}

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Quoting RonFXLive

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Hi traders, My Personal view on EU. As mention on my earlier post on EU price that as long as it’s stays and closed above 1.15000, it could be a bullish reversal rather then a correction. Next target for bullish will be at 1.16000 and 1.17500. Good luck and trade with care. Cheers. Ron.

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Quoting kirinda

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{quote} Where did you take the nzd/usd long?

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Quoting skippyone

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These option expiries could have an impact on support or resistance in these markets today - valid up until 10am NY or 3am GMT - For more information on these see forex live. They publish them everyday. EUR/USD 1.1425 EUR 713m 1.1470 935m 1.1500 543m USD/JPY 110.00 USD 1.1bn 110.10 460m 110.25 795m GBP/USD 1.2775 GBP 505m

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Quoting kojak

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{quote} 0,6643 when we closed above R38 area, and adding 0,6663, targeting 0,6695 on both positions.

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Quoting kirinda

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{quote} When you taking about close above what time frame?

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Quoting Neil0163

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EU- look how it is rejecting R100 and TDI is starting to turn 4 hour chart (previous Support becomes resistance) also ties in well with 61.8 fib retracement ok whats going against my trade. Price made a Higher High Higher low which is sign of trend reversal, Look at Daily though it looks like a pull back. You will always have things to go against you in a trade all you can do is see if the pros outway the cons and take the trade as long as you stuck to your rules it was a good trade if it looses or wins this is the mind set you need.

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Quoting Neil0163

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EU- look how it is rejecting R100 and TDI is starting to turn 4 hour chart (previous Support becomes resistance) also ties in well with 61.8 fib retracement ok whats going against my trade. Price made a Higher High Higher low which is sign of trend reversal, Look at Daily though it looks like a pull back, look at the weekly Key support has been broke price now pulls back to test that broken area. You will always have things to go against you in a trade all you can do is see if the pros outway the cons and take the trade as long as you stuck to your...

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Quoting kojak

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{quote} I like to have the 1h as my roadmap, but i also look at 4h and above. When im already in a position(adding) then i go to lower timeframe as well. Like nzd/usd, we closed above R61, tested it for confirmation that this area now is support on lower timeframe, pinbar forming = then i add one more position... {image}

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Quoting kenzsurf

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{quote} Hi Ron, I'm just wondering how do you achieve this information regarding whether its going to be correction or not. Is that statement fully based on price action like the attachment in the following with recent S/R ? Anyway thank you so much for your great contribution! Ken {image}

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Quoting Neil0163

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EU- look how it is rejecting R100 and TDI is starting to turn 4 hour chart (previous Support becomes resistance) also ties in well with 61.8 fib retracement ok whats going against my trade. Price made a Higher High Higher low which is sign of trend reversal, Look at Daily though it looks like a pull back, look at the weekly Key support has been broke price now pulls back to test that broken area. You will always have things to go against you in a trade all you can do is see if the pros outway the cons and take the trade as long as you stuck to your...

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Quoting BrianRay

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Just remember that the Dollar is king.. and it to does follow S/R levels.. in retrospect to what is going on globally.. My take on the matter... Anyways.. My 2 cents.. Get them Pips !!! {image}

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