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Weekly Pivot trading with TDI

  • #2,201
  • Aug 23, 2018 6:09am Aug 23, 2018 6:09am
Quoting Neil0163
Like I say guys keep an eye on EU as it’s forming a falling wedge on the weekly which would indicate trend reversal as Ron has also stated its bullish at mo
Great call buddy.
  • #2,202
  • Aug 23, 2018 6:15am Aug 23, 2018 6:15am
ECB in 15 minutes...
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  • #2,203
  • Aug 23, 2018 6:35am Aug 23, 2018 6:35am
Quoting RonFXLive
Hi guys. There was a small spike up for EURUSD to test 1.16000 again. Look for price above 1.16300. It it’s closed above 1.16300 then bullish trend will continue from there to target 1.17000 - 1.17500. I’m still holding short for EU for a small pullback but have locked with profits just in case trend reversal my trade. Risky risky trade. Trade with care for EU and GU.
Agree, looks to me the 1,1628 stop run level has to trigger , maybe a deeper correction after that, and resume the ride up, to the stops at 1,1750 or even, 1,1790.
To me the Big Boys play a game between news, and retailer stops to make their money....and thus the pivots get created accordingly.
My 2 cents worth.
Btw: EURUSD weekly momentum is clearly bullish.
  • #2,204
  • Aug 23, 2018 6:39am Aug 23, 2018 6:39am
Quoting cuchuflito
{quote} Agree, looks to me the 1,1628 stop run level has to trigger , maybe a deeper correction after that, and resume the ride up, to the stops at 1,1750 or even, 1,1790. To me the Big Boys play a game between news, and retailer stops to make their money....and thus the pivots get created accordingly. My 2 cents worth. Btw: EURUSD weekly momentum is clearly bullish.
you know the game.

Help others to understand too.
Good job man buddy.
  • #2,205
  • Aug 23, 2018 6:43am Aug 23, 2018 6:43am
Am watching these. Any comments?

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Attached Image (click to enlarge)
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Don't Buy after a Rally, Don't Sell after a Drop
  • #2,206
  • Aug 23, 2018 6:46am Aug 23, 2018 6:46am
Quoting Wallaa
Am watching these. Any comments? {image} {image}

My view on AUDCAD is Sell the rallies. Short.

My view on AUDNZD is buy at dip. Long.

Hope that helps you to decide your trade.
  • #2,207
  • Aug 23, 2018 6:49am Aug 23, 2018 6:49am
I believe market is ruled by technical aspect & news is an after-fact event to drive it into pre-determined directions.
  • #2,208
  • Aug 23, 2018 7:38am Aug 23, 2018 7:38am
Quoting RonFXLive
Hi guys. There was a small spike up for EURUSD to test 1.16000 again. Look for price above 1.16300. It it’s closed above 1.16300 then bullish trend will continue from there to target 1.17000 - 1.17500. I’m still holding short for EU for a small pullback but have locked with profits just in case trend reversal my trade. Risky risky trade. Trade with care for EU and GU.
Hi guys,

Something to take note about EURUSD which I have mention on my previous post.

If price closed below 1.15000. Then Bullish trend could be over and could slide further to 1.130000 support for a break to 1.11000.

I will enter again for short position when price breaches below 1.15000.

Happy trading.
  • #2,209
  • Aug 23, 2018 7:56am Aug 23, 2018 7:56am
Guys,

AUDUSD have touch WP zone and short trade can be added for those who trade short AUDUSD. Watch out for a close below WP.

Waiting anxiously for GBPUSD to dip to 1.28000.
Watcb.


Thanks.
Ron.
  • #2,210
  • Aug 23, 2018 8:16am Aug 23, 2018 8:16am
Quoting RonFXLive
Guys, AUDUSD have touch WP zone and short trade can be added for those who trade short AUDUSD. Watch out for a close below WP. Waiting anxiously for GBPUSD to dip to 1.28000. Watcb. Thanks. Ron.
Hi Ron, what is your preferred Timeframe to do your analysis, I started using H1 and became glued to screen, where’s as H4 I can see the bigger picture and allows to be more patient, however I can miss small moves on H4 where I could profit on the H1.

Thanks Riese
  • #2,211
  • Aug 23, 2018 8:16am Aug 23, 2018 8:16am
Quoting RonFXLive
I believe market is ruled by technical aspect & news is an after-fact event to drive it into pre-determined directions.

Agree 100%
  • #2,212
  • Edited 8:31am Aug 23, 2018 8:19am | Edited 8:31am
Quoting RieseP
{quote} Hi Ron, what is your preferred Timeframe to do your analysis, I started using H1 and became glued to screen, where’s as H4 I can see the bigger picture and allows to be more patient, however I can miss small moves on H4 where I could profit on the H1. Thanks Riese

Hi Riesep

what I usually do is to wait for a weekly closed by end of the week after market have closed. I will take a look over the weekends.

On Monday I will look at Daily close on Daily chart. And every 4 hourly I will start to look at price movement and entry on H1 or M30. I usually don’t enter trade lower then M30 timeframe.

Hope that will help you in your trading.

Cheers.
Ron.
  • #2,213
  • Aug 23, 2018 8:43am Aug 23, 2018 8:43am
EA is overstretched thought i could short, but its not showing any signs of reversal due to weak AUD, think it may goes into correction tomorrow.
  • #2,214
  • Aug 23, 2018 9:22am Aug 23, 2018 9:22am
Hi traders,

Current positions and still holding on to these trades.

Enter short on GBPCAD ( New trade )

EURJPY hit my sl for 40 pips for each position for 4 positions = 160 pips.

Thats all for today trades. Locked with profits and watch the movement.

Good luck for those who entered the same trades as me.

Cheers.
Ron.
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  • #2,215
  • Aug 23, 2018 9:25am Aug 23, 2018 9:25am
Anyone?
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  • #2,216
  • Aug 23, 2018 10:01am Aug 23, 2018 10:01am
Quoting RonFXLive
{quote} Hi Riesep what I usually do is to wait for a weekly closed by end of the week after market have closed. I will take a look over the weekends. On Monday I will look at Daily close on Daily chart. And every 4 hourly I will start to look at price movement and entry on H1 or M30. I usually don’t enter trade lower then M30 timeframe. Hope that will help you in your trading. Cheers. Ron.
Thanks Ron,

Top down approach, like a magnifying glass. You add a lot value to this thread, may you continue. Also I like to say your very polite and patient with us amateurs.

Thanks Riese
  • #2,217
  • Aug 23, 2018 10:04am Aug 23, 2018 10:04am
Quoting RonFXLive
Hi traders, Current positions and still holding on to these trades. Enter short on GBPCAD ( New trade ) EURJPY hit my sl for 40 pips for each position for 4 positions = 160 pips. Thats all for today trades. Locked with profits and watch the movement. Good luck for those who entered the same trades as me. Cheers. Ron. {image} {image}
Congratulations, your trading and entries are excellent and you cover losses with trades in profit in practice you are doing a basket-trading (and you're managing very well the risk)...

However, I have the impression that you do not choose any currency to be traded in relation only to the price action and the pivots but you also make other analisys like correlations with the intermarket or some other kind of "indicator".

If this is not true compliments again because you are a kind of "superman" ... if you do not want to reveal all the your trading secrets I understand is right ... but tell me at least if I'm thinking wrong
Trade What's Happening... Not What You Think Is Gonna Happen
  • #2,218
  • Aug 23, 2018 10:42am Aug 23, 2018 10:42am
Hi all.
This is my first post in a long time. Thank you Davit for your brilliance and thank you Ron for all your continuing guidance. You are making a big difference in my trading.
I am just now short both GJ and EJ. Waiting for my pips.
  • #2,219
  • Aug 23, 2018 10:54am Aug 23, 2018 10:54am
EURGBP .. forming double top near R100 and above R78.
on H4 and H1 charts
  • #2,220
  • Aug 23, 2018 11:12am Aug 23, 2018 11:12am
Hi guys,

Pls locked your profits or breakeven because anything can happen from now from the political news.

Cheers
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