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Weekly Pivot trading with TDI

  • #2,881
  • Sep 6, 2018 2:36am Sep 6, 2018 2:36am
Hi Guys,

Becareful of ADP report coming out.
  • #2,882
  • Sep 6, 2018 2:38am Sep 6, 2018 2:38am
Quoting bubincka
{quote} If it were not for all those major news on the USD and CAD coming between today and tomorrow I would have already started to short UC... Nevertheless I prefer to stay on the sidelines and see before taking position. {image}
Very right, NAFTA News will definitely cause some movement on this pair
  • #2,883
  • Sep 6, 2018 2:46am Sep 6, 2018 2:46am
Quoting babarapho
{quote} Very right, NAFTA News will definitely cause some movement on this pair
Yes.
NAFTA always in the background until an agreement is made and ADP, Crude Oil Inventories besides jobs data tomorrow for both USD and CAD.
Porta itineris dicitur longissima esse
  • #2,884
  • Sep 6, 2018 2:52am Sep 6, 2018 2:52am
Quoting mmo1991
{quote} I think What go up Fast will go down as the same, time to reload some GU long
Hi Mmo,

I've noticed that too, what goes up or down really fast like that, tends to 'comeback', be that straight away a bit, or if it takes a few days. But maybe it doesn't always comeback? I've not looked enough at those things enough to see the probability of it.
  • #2,885
  • Sep 6, 2018 3:18am Sep 6, 2018 3:18am
Quoting RonFXLive
Hi guys, ( EURUSD ) Some members have PM me about my target price for EURUSD which I have told them that my TP price is 1.16500. Level to watch for EURUSD at price closed above 1.16400. If it does closed above I will go long for this pair and target next target at 1.17500 - 1.19000. Or if price does closed below 1.16400. It’s about time to go short and target 1.14500 - 1.13000. Here are my screenshot prove for EURUSD TP. Now left with NZDJPY pairs running but secured with profits. Hope that will help you to decide on your trade on EURUSD. Cheers....
did you mean daily closed
  • #2,886
  • Sep 6, 2018 4:37am Sep 6, 2018 4:37am
Also long on EU
guys be sure to check out the dollar index too for usd pairs it can give you a great insight
  • #2,887
  • Sep 6, 2018 4:55am Sep 6, 2018 4:55am
Hi guys,

took a loss on my EURAUD shorts green numbers on AUD news didn't do much for my trade...reloaded again since my bias is still bearish
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  • #2,888
  • Sep 6, 2018 5:08am Sep 6, 2018 5:08am
Quoting BlacMoni
Hi guys, took a loss on my EURAUD shorts green numbers on AUD news didn't do much for my trade...reloaded again since my bias is still bearish {image}
me too. I was building short before breaking news released about 2-3 mins and boom!
  • #2,889
  • Sep 6, 2018 5:28am Sep 6, 2018 5:28am
Quoting BlacMoni
Hi guys, took a loss on my EURAUD shorts green numbers on AUD news didn't do much for my trade...reloaded again since my bias is still bearish {image}
Sorry, but I don't understand why you have taken such trades & why you have closed them.
I'm not profi, just studiing, but Davit's strategy has some clear rules.
1) Entrance from R61 or higher (ranging market can provide setups from 38 levels, but EA is not ranging now, it has clear, strong uptrend).
2) You must be prepared to watch price test higher levels (even 138 level) after you entrance, where you can add to your current position, & be prepared to watch DD on your positions. (here price didn't even touch R61)
3) First target is weekly pivot (here it reached target, so you could move SLs to BE at least)
4) Also ADR is not red))
Just my thoughts, maybe more experienced in Davit's system traders can give you better feedback & correct me.
Hope that helps
  • #2,890
  • Sep 6, 2018 5:42am Sep 6, 2018 5:42am
Quoting antisystem
{quote} Sorry, but I don't understand why you have taken such trades & why you have closed them. I'm not profi, just studiing, but Davit's strategy has some clear rules. 1) Entrance from R68 or higher (ranging market can provide setups from 38 levels, but EA is not ranging now, it has clear, strong uptrend). 2) You must be prepared to watch price test higher levels (even 138 level) after you entrance, where you can add to your current position, & be prepared to watch DD on your positions. (here price didn't even touch R68) 3) First target...
i'm sure you meant R61

Firstly how do you define a trend or a range? don't you think it will depend on the TF you analyse your trades on?
weekly
Attached Image (click to enlarge)
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Daily
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Lastly, Pivots are zones not lines...so if price doesn't exactly touch a particular pivot line and gets rejected say 10 pips or so from the line it still counts. The way I trade may be different but if I see an ABCD completion in a Potential Reversal Zone that coincides with pivots S/R38,S/R61,S/R78 and above I take the trade as long as my fundamental bias is in the direction of the trade.

Forgot to add ADR must not be red before you take a trade it only increases the probability of a reversal and Profit targets depends on individuals it's the reason you see people holding trades for several days or weeks before they close. How you also manage your trade depends on individual preference. I don't use BE unless i'm shooting for an R:R of 1:1.5 and price has moved more than 1:1, that's just me
  • #2,891
  • Sep 6, 2018 5:49am Sep 6, 2018 5:49am
Quoting RonFXLive
Hi guys, ( EURUSD ) Some members have PM me about my target price for EURUSD which I have told them that my TP price is 1.16500. Level to watch for EURUSD at price closed above 1.16400. If it does closed above I will go long for this pair and target next target at 1.17500 - 1.19000. Or if price does closed below 1.16400. It’s about time to go short and target 1.14500 - 1.13000. Here are my screenshot prove for EURUSD TP. Now left with NZDJPY pairs running but secured with profits. Hope that will help you to decide on your trade on EURUSD. Cheers....
Great Analysis Ron Keep it Up buddy!!!
Cyb3rX
  • #2,892
  • Sep 6, 2018 6:15am Sep 6, 2018 6:15am
Quoting BlacMoni
{quote} i'm sure you meant R61 Firstly how do you define a trend or a range? don't you think it will depend on the TF you analyse your trades on? weekly {image} Daily {image} Lastly, Pivots are zones not lines...so if price doesn't exactly touch a particular pivot line and gets rejected say 10 pips or so from the line it still counts. The way I trade may be different but if I see an ABCD completion in a Potential Reversal Zone that coincides with pivots S/R38,S/R61,S/R78 and above I take the trade as long as my fundamental bias is in the direction...
Yes, R61 of course) corrected)
Okay, trend detection is very subjective. I personally don't even look at weekly when I trade on H1, just to get general picture (but it's my way of reading charts).
I understand that levels are zones not lines. But price came to R61 after you entered trades.
I don't use any indicators nor ADR neither TDI, just price & pivot levels.
What about the most important part? As I could understand it's the core of the system.
1) Rejections from 61 & higher levels have more probability. 2) You should build you positions in such a way to be able to hold it when price tests higher levels
No offence, just curiousity)
  • #2,893
  • Sep 6, 2018 6:25am Sep 6, 2018 6:25am
Hi guys,

Some tips on price action for those who has traded long AUDUSD.

Becareful of this price 0.7230 - 0.7272 area zone.

It will bounce back down from that above price. I will only be looking at short at this range.

As for EURUSD, I will be looking for short trade.

Happy pips!
Ron.
  • #2,894
  • Sep 6, 2018 6:29am Sep 6, 2018 6:29am
Every traders see or trade differently but is always good to open for discussions on Davit’s Pivot System.

Pls remember price comes first followed by pivots.
No right wrong. At the end of the day it’s only results that speaks the truth.

Good luck guys!
  • #2,895
  • Sep 6, 2018 6:30am Sep 6, 2018 6:30am
Quoting antisystem
{quote} Yes, R61 of course) corrected) Okay, trend detection is very subjective. I personally don't even look at weekly when I trade on H1, just to get general picture (but it's my way of reading charts). I understand that levels are zones not lines. But price came to R61 after you entered trades. I don't use any indicators nor ADR neither TDI, just price & pivot levels. What about the most important part? As I could understand it's the core of the system. 1) Rejections from 61 & higher levels have more probability. 2) You should build you...
Yes, Rejections from 61 & higher levels have more probability...like I mentioned earlier, I trade 38 too if a harmonic ABCD completion coincides with it. I'll probably refrain from posting such entries so as not to confuse anyone studying this system. I'm sure some people here do not post charts because their entries are not totally inline with these lines but that doesn't mean they do not trade around pivots. For instance, one can reload on a pullback.

As far as building positions i'm not that savvy, so I build a maximum of 4 positions and get out once my SL is hit
  • #2,896
  • Sep 6, 2018 6:56am Sep 6, 2018 6:56am
Quoting RonFXLive
Hi guys, Some tips on price action for those who has traded long AUDUSD. Becareful of this price 0.7230 - 0.7272 area zone. It will bounce back down from that above price. I will only be looking at short at this range. As for EURUSD, I will be looking for short trade. Happy pips! Ron.
kkkk Ron holding long on AU has been mentally demanding sometimes these things will just refuse to hit the mid pivot kkkkk but i take my trade as a series of trades, so jus managing the position on this one...AC long am trailing at 165points to R38
Wait for the system to show you the trade!
  • #2,897
  • Sep 6, 2018 7:09am Sep 6, 2018 7:09am
Whats wrong with the EURUSD not even moving im very upset guys!!
Cyb3rX
  • #2,898
  • Sep 6, 2018 7:12am Sep 6, 2018 7:12am
Quoting Cyb3rX.
Whats wrong with the EURUSD not even moving im very upset guys!!
Wait a little) need strength to break this WPP)
  • #2,899
  • Sep 6, 2018 7:12am Sep 6, 2018 7:12am
Quoting MrDevisen
{quote} kkkk Ron holding long on AU has been mentally demanding sometimes these things will just refuse to hit the mid pivot kkkkk but i take my trade as a series of trades, so jus managing the position on this one...AC long am trailing at 165points to R38
Hi Devisen,

Just to give you a little insight om AUDCAD.

Just to take note of price at 0.9574 - 0.9608 area zone.

Cheers mate.

Ron.
  • #2,900
  • Sep 6, 2018 7:15am Sep 6, 2018 7:15am
Quoting antisystem
{quote} Wait a little) need strength to break this WPP)
Cyb3rX
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