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Weekly Pivot trading with TDI

  • #2,321
  • Aug 27, 2018 8:11am Aug 27, 2018 8:11am
Quoting Neil0163
EU @ R38 Im long bias this Pair after a break of that wedge however we now should have a retracement. So im short in the short run but my bias is still long. Anyway EU is now at R38 not too much of a good level hoverever do the pros out do the cons? Pros. We have R38 We have a Rising wedge pattern at R38 Im expecting a pull back/retracement price forming a double top and showing rejection Price testing daily open again and cant break it. Cons. Price made a good bull run last week Price is at R38- not a strong level

call buddy.
  • #2,322
  • Aug 27, 2018 8:22am Aug 27, 2018 8:22am
Quoting Neil0163
EU @ R38 Im long bias this Pair after a break of that wedge however we now should have a retracement. So im short in the short run but my bias is still long. Anyway EU is now at R38 not too much of a good level hoverever do the pros out do the cons? Pros. We have R38 We have a Rising wedge pattern at R38 Im expecting a pull back/retracement price forming a double top and showing rejection Price testing daily open again and cant break it. Cons. Price made a good bull run last week Price is at R38- not a strong level My retracement on the daily time...
I bought some EU, let see if EU will do a retrace at this price or not
  • #2,323
  • Aug 27, 2018 8:25am Aug 27, 2018 8:25am
Quoting mmo1991
{quote} I bought some EU, let see if EU will do a retrace at this price or not
Waiting too see if my wedge breaks down before getting in
  • #2,324
  • Edited 8:57am Aug 27, 2018 8:28am | Edited 8:57am
Hi traders,

My Personal view on EURUSD and GBPUSD
on Price Action.

It will probably reach the Extreme Pivot Level and looking to short

I have long EURUSD at price 1.16000 and target
( TP 1) 1.17000 and ( TP 2 ) 1.17500.
Weekly chart to look at price 1.18000. If can’t closed above this price and I will be looking at sell trade at that level.
Hard resistance to break. Few rejection points.

I have long GBPUSD at price 1.28490 and target
(TP 1 )1.29000 and ( TP 2 )1.29500.

I will be looking at long AUDUSD at price 0.73600 and target
( TP 1 ) 0.74200.


Cheers and good luck.
Ron.
  • #2,325
  • Aug 27, 2018 9:12am Aug 27, 2018 9:12am
Morning all. Seems like a slow day today due to GBP bank holiday.
  • #2,326
  • Aug 27, 2018 9:14am Aug 27, 2018 9:14am
I know I bang on about it
but see how many people got caught up in short last week and today because they didn’t view the higher timeframe. I’ve been long since I posted that chart last week (not in positions yet on EU) but so many people thought it was a silly idea lots of people were stopped out last week. Patience is the key (which I struggle with) the EU will retrace at some point I’ll look to get long then.
  • #2,327
  • Aug 27, 2018 9:16am Aug 27, 2018 9:16am
Nice Job OP Ive been following Davits Pivots for a while now on and off & have to say it really is a great road map for finding opportunities within areas of interest (Pivots). Personally for entry I use a combination of D,4hr, for simplified visual structure PA, 15m - 30m TF for entry. EW theory with some harmonics. All the while paying attention to TDI & ADR. Fundamentals I use to look ahead for impact news that may affect my setups or that may affect a trade I may be currently in. I pay attention to oil with regards to USD & like to look at trading news between China/Asia with regards to import/export with Australia if trading AUD pairs. Mark Douglas is the way forward in terms of additional understanding of the markets as your edge cannot be realised until a number of trades with your method, money management and discipline factored in have played out.
My account has grown 3 fold due to good money management and win ratio 69%.
My account is under £2000 but moving in the right direction and due to this system I feel in control.

Good luck to all, this takes time and patience to get right but pivots to me are the best clarity you can get for seeing potential opportunities!!!!
  • #2,328
  • Aug 27, 2018 9:48am Aug 27, 2018 9:48am
Heads up

Whitehouse Press conference on NAFTA agreement for 4PM GMT. USDCAD alreaady selling off. Hit S61 level on my charts. Watching this.
Attached Image (click to enlarge)
Click to Enlarge Name: 27082018 USDCAD S61 Level.png Size: 52 KB
  • #2,329
  • Aug 27, 2018 9:53am Aug 27, 2018 9:53am
Quoting RonFXLive
Hi traders, My Personal view on EURUSD and GBPUSD on Price Action. It will probably reach the Extreme Pivot Level and looking to short I have long EURUSD at price 1.16000 and target ( TP 1) 1.17000 and ( TP 2 ) 1.17500. Weekly chart to look at price 1.18000. If can’t closed above this price and I will be looking at sell trade at that level. Hard resistance to break. Few rejection points. I have long GBPUSD at price 1.28490 and target (TP 1 )1.29000 and ( TP 2 )1.29500. I will be looking at long AUDUSD at price 0.73600 and target ( TP 1 ) 0.74200....
Hello RonFXLive - just a quick question for my own clarification. Why are you waiting to go long on AUDUSD at 0.73600 when it has already been going upward toward R38 for the past several hours?

Thanks - Rjaws
  • #2,330
  • Aug 27, 2018 10:31am Aug 27, 2018 10:31am
Hi everyone! All previous week I was quiet and completely concentrated on trades. My issue that pursue me year after year is that I can't hold for better profit. I am working on it . And so results comes with patience and proper trade preps. I will take AC as an example . I was following it for 3 weeks straight, I saw bottom of the trend and I bought it at appropriate pivots, then I hold it almost through entire correction. It was so obvious money taking small bull run so I Sold It Friday, apparently I got in too early but I was so sure it will play out well so I wait till it hits R61 again and then went BALLISTIC ON THAT TRADE. I loaded everything I could, 3 days after I banked 23% of my account. 1 trade, 2 weeks. It's all I had. I didn't even looked for another trades. I was following 1. And it pays back. Reason I am saying all this is that out of 17 pairs I am trading i see 4-5 set ups every week, sometimes I spread all my money across all of them and just taking small profits out of all basket. But there is moments when it is better to follow 1 particular pair closely because it's is can provide significant return.


P.S. Friday I sold UJ, already banked a little bit before Trump. Looks like pretty calm week ahead of us. I am still sticking to BUY CAD, SELL USD. SELL GBP, SELL AUD. Good luck everyone.
  • #2,331
  • Aug 27, 2018 10:43am Aug 27, 2018 10:43am
Attached Image (click to enlarge)
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  • #2,332
  • Aug 27, 2018 11:24am Aug 27, 2018 11:24am
Quoting denisius
Hi everyone! All previous week I was quiet and completely concentrated on trades. My issue that pursue me year after year is that I can't hold for better profit. I am working on it . And so results comes with patience and proper trade preps. I will take AC as an example . I was following it for 3 weeks straight, I saw bottom of the trend and I bought it at appropriate pivots, then I hold it almost through entire correction. It was so obvious money taking small bull run so I Sold It Friday, apparently I got in too early but I was so sure it will...
Could you please share your AC chart? I like to learn. Thanks.
  • #2,333
  • Aug 27, 2018 12:16pm Aug 27, 2018 12:16pm
Quoting armaros
{quote} Could you please share your AC chart? I like to learn. Thanks.
Same as yours. I don't have anything on the chart except pivots. I don't think you can actually take anything useful from it
  • #2,334
  • Aug 27, 2018 12:16pm Aug 27, 2018 12:16pm
looking at these 3 setups at the moment
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurnzd-h4-pepperstone-group-limited.png Size: 58 KB
Click to Enlarge Name: usdcad-h4-pepperstone-group-limited.png Size: 61 KB
Click to Enlarge Name: eurusd-h4-pepperstone-group-limited-2.png Size: 65 KB
  • #2,335
  • Aug 27, 2018 7:27pm Aug 27, 2018 7:27pm
as far as the USDCAD I'd be waiting for a turn although it does seem to be having a problem getting to the s78 ATM
what's the calendar say????
I will get my head around this, but always can be wrong
  • #2,336
  • Aug 27, 2018 11:29pm Aug 27, 2018 11:29pm
I am looking at GJ and possible CHFJPY for shorts this week. Yen has been very weak last week. I think it may be exhausting though. I will enter small positions at first then build if I see it turn.
  • #2,337
  • Aug 28, 2018 12:27am Aug 28, 2018 12:27am
hi every one
sorry for off topic question
is Alpari reputable broker?
  • #2,338
  • Edited 4:01am Aug 28, 2018 1:42am | Edited 4:01am
Hi traders,

Heads up.
Analysis are my own!

Price Action Movements!

USD begin to stabilise against AUD and NZD but not to EUR and GBP.

I’m still bias long and holding long for EURUSD and GBPUSD and pls do not short these 2 pairs at the current moment because they will go to extreme level like R78 and R100 pivot level zones. I will only be interested looking to short EURUSD and GBPUSD at the extreme level like R78 and R100.

It seem like AUDUSD can’t closed above my price at 0.73600 so will be looking at short trade now.
I’m shorting AUDUSD at 0.73285 and target 0.72500 and 0.72000 support and NZDUSD at 0.66825 and target 0.65500 and 0.65000 support at the moment due to US and China trade negotiations going on.

USDCAD - H4 timeframe Double Bottom. Can go for long but I won’t be jumping in to this pair due to Trump trade against Canada. Will watch fundemental news for more confirmation.

EURUSD price level to watch - 1.17000 - 1.17500 - 1.18000.
Extreme Pivot zones R78 - R100. (Looking to short.)

GBPUSD price level to watch - 1.29000 - 1.29500.
Extreme Pivot Zones - R78 - R100. (looking to short.)

EUR and GBP are strong bullish at some point.
EURAUD might have a bullish breakout at Daily timeframe and pls do not short this pair too.

All the above are showing how price action should works.
Like what Davit say beware of price smashing through all pivots zones.

Hope you guys are looking the same as me.

Happy trading week and green pips to all members.

Cheers and good luck.
Ron.
  • #2,339
  • Aug 28, 2018 3:20am Aug 28, 2018 3:20am
Quoting RonFXLive
Hi traders, Heads up. Analysis are my own! Price Action Movements! USD begin to stabilise against AUD and NZD but not to EUR and GBP. I’m still bias long and holding long for EURUSD and GBPUSD and pls do not short these 2 pairs at the current moment because they will go to extreme level like R78 and R100 pivot level zones. I will only be interested looking to short EURUSD and GBPUSD at the extreme level like R78 and R100. It seem like AUDUSD can’t closed above my price at 0.73600 so will be looking at short trade now. I’m shorting AUDUSD at 0.73285...
Excellent analysis Ron. I think the EURUSD is overextended on a fundamental basis but like you say strong trend so waiting to see how it plays out. AUDUSD with political drama at the moment so definitely a short term confidence issue could lead to a short bias. Waiting is the fun part ;-)
  • #2,340
  • Aug 28, 2018 3:22am Aug 28, 2018 3:22am
Quoting skippyone
{quote} Excellent analysis Ron. I think the EURUSD is overextended on a fundamental basis but like you say strong trend so waiting to see how it plays out. AUDUSD with political drama at the moment so definitely a short term confidence issue could lead to a short bias. Waiting is the fun part ;-)

Thanks buddy and pls trade with care.
So pls do not short EURUSD and GBPUSD at this moment ya.

Cheers.
Ron.
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