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Weekly Pivot trading with TDI

  • #2,641
  • Sep 3, 2018 6:11am Sep 3, 2018 6:11am
Another point to remember is its NFP week this week all USD will be minimal movement till Thursday Friday. I don't usually trade this week I manage my open positions unless I see a really good set up jumping out at me
  • #2,642
  • Edited 6:33am Sep 3, 2018 6:22am | Edited 6:33am
Shorting GJ t:140.500 start with small portions, lets see how it goes then I will start compounding position. This is position trade. SL above ATR+(half of ATR)
KRD
  • #2,643
  • Sep 3, 2018 6:49am Sep 3, 2018 6:49am
Quoting mbrown
1.2930 anyone?
1.2830 anyone??
  • #2,644
  • Sep 3, 2018 8:33am Sep 3, 2018 8:33am
Quoting Halfcents
There is something i'd like to learn more from Davit's posts, from his thread, at one point he said before trading the crosses eg (AN), look at what the majors is doing. i.e AU+UC difference of this becomes AC. NU+UC difference of this becomes NC AU+NU difference of this becomes AN Hope i'm right.... could someone try elaborate this in layman language (I'm determined to learn as I trade) for instance, if AU is at S78 and UC at R38, what should i expect of AC? Thanks in advance
Halfcents, it's not addition & subtraction, it's multiplication & division.

For instance: A/U X U/C = A/C
I just checked the bid price of the A/U and it's 0.72207; the bid price of the U/C is 1.30605 and the bid price of the A/C is 0.94309
If you take 0.72207 X 1.30605 it is approximately equal to 0.94309
You can use this relationship to determine historical price direction. For instance if the A/U has been going up & the U/C has been flat, the A/C has also been up.

The weekly fibo pivots are functions of last week's price movement, specifically the wkly high, low & close. I don't think you can determine specific values of one currency pair based on the price movement of another. Hope this helps.
  • #2,645
  • Sep 3, 2018 8:45am Sep 3, 2018 8:45am
Quoting Rocky007
Shorting GJ t:140.500 start with small portions, lets see how it goes then I will start compounding position. This is position trade. SL above ATR+(half of ATR)
This is not a good time to short GJ buddy
Cyb3rX
  • #2,646
  • Sep 3, 2018 9:13am Sep 3, 2018 9:13am
i think EU trap in the consolidation period, so...be-careful guys
Cyb3rX
  • #2,647
  • Sep 3, 2018 9:48am Sep 3, 2018 9:48am
Quoting Rocky007
Shorting GJ t:140.500 start with small portions, lets see how it goes then I will start compounding position. This is position trade. SL above ATR+(half of ATR)
It's your trade but JPY looks weak (and nothing has scared the market to move money into yen), also Kuroda said no rate hikes in near future as well. The only hope atm is that GBP is weaker imo.
  • #2,648
  • Sep 3, 2018 10:40am Sep 3, 2018 10:40am
Quoting Rocky007
Shorting GJ t:140.500 start with small portions, lets see how it goes then I will start compounding position. This is position trade. SL above ATR+(half of ATR)
Rocky please note we do not use ATR here, also for everyone else I think if your planning a trade at a certain spot you state what S or R zone it’s at. This will clear up a lot of entries that people are calling that are nothing to do with davits system so if your shorting or longing please state what S or R level price is st
  • #2,649
  • Sep 3, 2018 10:47am Sep 3, 2018 10:47am
EU still seems bullish to me. If your not short already i would suggest waiting. Like Neil i normally do not like trading NFP weeks unless there is an irresistible set up. Ive scrolled through some charts. Nothing eye catching just yet. Hard to trade while firing up the grill for a barbeque lol
  • #2,650
  • Sep 3, 2018 10:47am Sep 3, 2018 10:47am
Entering small lots at a time before adding on on profitable trades is probably the best strategy davit ever invented. Thanks davit.
Pips Collector EA, No Martingale, No Grid
  • #2,651
  • Sep 3, 2018 10:49am Sep 3, 2018 10:49am
Quoting sharingan9
EU still seems bullish to me. If your not short already i would suggest waiting. Like Neil i normally do not like trading NFP weeks unless there is an irresistible set up. Ive scrolled through some charts. Nothing eye catching just yet. Hard to trade while firing up the grill for a barbeque lol
yeah it will go up until Thursday after that it will shoot down like a rocket..
Cyb3rX
  • #2,652
  • Sep 3, 2018 11:34am Sep 3, 2018 11:34am
I have my position on with SL is in place, tomorrow we have the US data coming out, I will reassess my fundamental analysis.
KRD
  • #2,653
  • Sep 3, 2018 12:10pm Sep 3, 2018 12:10pm
Hello Traders,

Today trading volume thins out due to US holiday. I’m still holding on to my current trades no changes at the moment. Will wait and see for more directions tomorrow.

Happy pips!
  • #2,654
  • Sep 3, 2018 12:27pm Sep 3, 2018 12:27pm
Short Eur/Cad at R61?
  • #2,655
  • Sep 3, 2018 12:39pm Sep 3, 2018 12:39pm
Quoting RieseP
Short Eur/Cad at R61?
hi just a quick question hoping you can help for me download the right files i dont want to download the wrong ones

regards

paddy
  • #2,656
  • Sep 3, 2018 12:51pm Sep 3, 2018 12:51pm
Quoting RieseP
Short Eur/Cad at R61?
Riese, I'm following it but yet I see no price action to short.

Paal
  • #2,657
  • Sep 3, 2018 12:54pm Sep 3, 2018 12:54pm
Quoting kirinda
{quote} Riese, I'm following it but yet I see no price action to short. Paal
Same im waiting for confirmation, but I see strength in cad on all the pairs but this against the Euro looks the most attractive
  • #2,658
  • Sep 3, 2018 3:33pm Sep 3, 2018 3:33pm
Quoting RieseP
Short Eur/Cad at R61?
watch PA
  • #2,659
  • Sep 3, 2018 3:50pm Sep 3, 2018 3:50pm
Quoting Cyb3rX.
{quote} yeah it will go up until Thursday after that it will shoot down like a rocket..
Ohh really? you have crystal ball ?
  • #2,660
  • Sep 3, 2018 10:25pm Sep 3, 2018 10:25pm
Morning guys,

Is there anyone still holding short EURUSD and GBPUSD?

If yes pls continue to hold. If both of my target has been hit or I will manually closed it before NFP and watch price action.

No changes for my target.
EU - 1.15000.
GU - 1.28000.

Enjoy your day &
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