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Weekly Pivot trading with TDI

Aud/Cad Long Double Bottom, Time for correction?
Quoting MoneyTalks58
{quote}hi ron, thank you so much for your kind help. Actually, i want to know that what was the price action before the long big bull action? I see no trade. Yestereay daily was bearish rejection bar. Also when i check the 4h chart i see two pin bar, one of them is bearish other one is bullish. And also before the big spike the price is near pivot. How people did decide the long position on gbpusd? This is the confusing part for
me. {image} {image}
This is based on fundamentals, A trade deal welcomed in favour of the pound, a lot of fundamentals happening across the board, so although some pivots may look attractive for reversals we have to understand that fundementals keep the price in a strong trend and the fact it takes a break a pivot doesn’t mean it’s going to stop at a pivot
Quoting MoneyTalks58
{quote}hi ron, thank you so much for your kind help. Actually, i want to know that what was the price action before the long big bull action? I see no trade. Yestereay daily was bearish rejection bar. Also when i check the 4h chart i see two pin bar, one of them is bearish other one is bullish. And also before the big spike the price is near pivot. How people did decide the long position on gbpusd? This is the confusing part for me. {image} {image}
Hi Moneytalks58,

Yes Riesep have answerd your question.
Ok that is fair. However, how did you know that trade deal was happening at that time? Bloomberg terminal or reuters? Because it was an instant move.
bam bam
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Quoting skippyone
{quote} maybe... but in that time you may have lost 70% of your profits.
lets see then.
Profit growth tells you the trader ability.
Quoting MoneyTalks58
Ok that is fair. However, how did you know that trade deal was happening at that time? Bloomberg terminal or reuters? Because it was an instant move.
price action buddy
Price was making Higher Highes and lower highes before consolidating.
The biggest give away was the ascending triangle that formed.
Look at the higher time frames the weekly look where we see that "doji" then look left what happened?
Price took off from the same place, Price has now stopped at swing low (previous support) which could now turn resistance. We are still very much bearish on the GBPUSD until we get a break and close above 1.3212.

However it all depends upon how you incorporate davits System into your own system I use Pivots the way Davit does to gain entry into my swing trades. Now the GU is in R zones and its at a level of structure ill be waiting for price action to see if I can get short.
Since Davit moved the forum to a closed session, I decided to quietly work with the method he was so passionate about, on my own. It was not hard to see the sensibility of entering with small lots, adding at pivot points, weekly sup/res levels and price action around those levels. I didn't use hard stops (did view the trades twice daily to consider adding or closing) since the entries were very conservative. I did close 12-.05 entries today in what I perceive as a healthy take profit level after almost 400 pip move from August 15....(maybe left some on the table). My point is this is a very sound, sensible system that really does not need tweaking, nor additional indicators, nor method changes. Anyone new to trading should make this method his Masters degree in trading education imho. I have been trading on a casual basis for many years, sometimes successful, sometime not so successful, but this is the most solid method I have come across, one that really works. Just my 2 pips!!
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"All analyses begins with an impulse wave"
EURJPY Price current is the zone. As of now the price is still bullish, believe the price will move slightly more to R78 the will see the price action to enter short
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EU H1 is in the tricky pattern.
get ready for surprise.
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Profit growth tells you the trader ability.
EURAUD is another interesting pair, price had reached the previous high on a daily TF. Daily ADR look good currently waiting for TDI and price action to confirm the short entry.
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building short gbpusd
Quoting General Lee
building short gbpusd
I need to see some PA before enter short, but now I see no signal.
Hello traders,

Some tips on EURUSD NZDJPY & GBPUSD Price Turn

I will be looking to short NZDJPY and target 72.500. Waiting for my price action to confirm.

I will be looking to short EURUSD and target 1.15000 support for a pullback before taking off to 1.19500.
Waiting for my price action to confirm. Right now it’s testing the bullish trendline for a break down or bounce back up.
Swing high at price 1.17330.
Swing low at price 1.15290.

Update on EURUSD.
If price breaks above 1.17500 - 1.18000 and closed for the week and might take off to price 1.19500 - 1.20000 level. And we can forget about going short wait for price to come back down.
Price to watch for EURUSD - 1.-175000 rejected many times in Daily chart.


Update on GBPUSD.
Price to watch for GBPUSD - 1.30700. If closed above and next take off will be at price 1.32000. And we can forget about going short. Wait for price to come back down.
Swing high price at 1.30430. Trying hard to break above now. R100 zone. Watch this level.
Swing low price at 1.28450

Good luck!!

Not going to analyse much though. Doing it because of my passion and free time.

Happy trading and green pips to everyone.

Cheers.
Ron.
Quoting MoneyTalks58
Ok that is fair. However, how did you know that trade deal was happening at that time? Bloomberg terminal or reuters? Because it was an instant move.
2.57 pm - EU's Brexit negotiator Barnier says we are prepared to offer a partnership with the UK such as has never been with any other third country.

I received this information via a squawk service which is very fast - faster than any internet news feed. Check out ran squawk or sigma squawk.
Quoting RonFXLive
Hello traders, Some tips on EURUSD and NZDJPY. Price Turn I will be looking to short NZDJPY and target 72.500. Waiting for my price action to confirm. I will be looking to short EURUSD and target 1.15000 support for a pullback before taking off to 1.19500. Waiting for my price action to confirm. Right now it’s testing the bullish trendline for a break down or bounce back up. Swing high at orice 1.17330. Swing low at price 1.15290. Good luck!! Not going to analyse much though. Doing it because of my passion and free time. Happy trading and...
thanks mate....we at this forum really appreciate it
Quoting General Lee
{quote} thanks mate....we at this forum really appreciate it
Welcome mate and enjoy your pips.

Hi traders,

As for EURUSD, my advice is to go short at price 1.16500 for 2 positions and build more positions at price 1.16000 for more downside and target 1.15000.

My price to short for EURUSD is 1.16500.

Why I short at this price is just to confirm otherwise trend will goes back up to 1.-700ish area.

Pls do not rush in to short or long any pairs at any pivot zones. Study the price action before doing so.
Patience is the key to success and waiting for good setup is always boring but brings you more confirmation on entry.

Hope that will help you guys to decide on this pair.

Thanks.
Ron.
Quoting RonFXLive
Hi traders, As for EURUSD, my advice is to go short at price 1.16500 for 2 positions and build more positions at price 1.16000 for more downside and target 1.15000. My price to short for EURUSD is 1.16500. Why I short at this price is just to confirm otherwise trend will goes back up to 1.-700ish area. Pls do not rush in to short or long any pairs at any pivot zones. Study the price action before doing so. Patience is the key to success and waiting for good setup is always boring but brings you more confirmation on entry. Hope that will help you...
excellent analysis on these pairs(GBP/EUR). Month end flows are still running and are dollar negative.
Quoting skippyone
{quote} excellent analysis on these pairs(GBP/EUR). Month end flows are still running and are dollar negative.

You got it right buddy..
Beware of strong dollar and weakness in EUR and GBP coming your way. Risk is everywhere in the EURO zone.
Just waiting for it to happen.
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