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Weekly Pivot trading with TDI

  • #2,941
  • Sep 6, 2018 2:05pm Sep 6, 2018 2:05pm
Quoting Emerald2112
whoa what happened to CAD. Back in the green for my UC short and CJ longs and should have loaded up more but heck that's scary {image}
USD/CAD tumbles to 1.3125, 2-day lows on BoC Wilkins comments

https://www.bankofcanada.ca/2018/09/...ic-resilience/
  • #2,942
  • Sep 6, 2018 2:13pm Sep 6, 2018 2:13pm
Quoting Emerald2112
whoa what happened to CAD. Back in the green for my UC short and CJ longs and should have loaded up more but heck that's scary {image}
If you're scared it means you're over leveraged ... keep trade size low and you have no stress.
  • #2,943
  • Sep 6, 2018 2:14pm Sep 6, 2018 2:14pm
Davits strategy, is a gem guys.....follow the rules, that's all. Glad it doubled my acc
  • #2,944
  • Sep 6, 2018 2:21pm Sep 6, 2018 2:21pm
Quoting redlabel
Hi, first trade put into thread, any comments or hints welcomed. As discussed by others xxxCAD pairs drop was hanging in the air for some time now. RL {image}
That is art of trading with Pivots and PA. Those who are familiar with accumulation and distribution will certainly agree that we saw these pattern on CJ, EC and UC. corrections welcome if am missing it kkkkk.
Wait for the system to show you the trade!
  • #2,945
  • Sep 6, 2018 2:28pm Sep 6, 2018 2:28pm
Quoting 1pipperhour
{quote} If you're scared it means you're over leveraged ... keep trade size low and you have no stress.
Have been considering that. My DD was at about 4% so will probably lower the lots. Should I hold UC short CJ long on the news or get out now (rhetorical question) Lots of big moves this week (GU also which im out of in profit after its move to pivot). They've gone back to or in the direction to pivot when out at R/S 78/100 so should end the week in profit.
  • #2,946
  • Sep 6, 2018 2:29pm Sep 6, 2018 2:29pm
Quoting MrDevisen
{quote} That is art of trading with Pivots and PA. Those who are familiar with accumulation and distribution will certainly agree that we saw these pattern on CJ, EC and UC. corrections welcome if am missing it kkkkk.
I also value volume clues for confirmation. On ECAD we had a nice whip up today with strong volume. Someone was filling short orders for the whack down.


RL
  • #2,947
  • Sep 6, 2018 7:32pm Sep 6, 2018 7:32pm
I am in short NU EU GU
  • #2,948
  • Sep 6, 2018 7:52pm Sep 6, 2018 7:52pm
This is a opportune time to study the Pivot system in regards to currency strength. I flip some charts and seeing NZDJPY, AUDJPY, USDJPY making out new lows in 1HR, 4HR already, will see if the rest would do the same especially the stronger ones EURJPY, GBPJPY, CHFJPY. CHFJPY is a key for me both currency behing a "safe haven (nothing is safe in paper!)". If CHFJPY pullsback then its likely Yen strength rather than AUD-NZD weakness. I also see Nikkei futures and its about to take out the lows of August and same time also at support 22200 area.

so we have.....
CAD -> NAFTA
GBP -> Brexit
AUD -> China
Yen -> BOJ
  • #2,949
  • Sep 6, 2018 8:03pm Sep 6, 2018 8:03pm
Got stop out for USDCAD
my entry is 1.318 and set my sl @ 1.322,
sad!
  • #2,950
  • Sep 6, 2018 9:06pm Sep 6, 2018 9:06pm
Quoting elvison
Got stop out for USDCAD my entry is 1.318 and set my sl @ 1.322, sad!
Looks good to me, perfect in fact



Attached Image (click to enlarge)
Click to Enlarge Name: 2018-09-07_12-05-20.png Size: 38 KB
It takes a lot for me to IGNORE you, but you can try.
  • #2,951
  • Sep 6, 2018 9:10pm Sep 6, 2018 9:10pm
Quoting jonatsgonats
This is a opportune time to study the Pivot system in regards to currency strength. I flip some charts and seeing NZDJPY, AUDJPY, USDJPY making out new lows in 1HR, 4HR already, will see if the rest would do the same especially the stronger ones EURJPY, GBPJPY, CHFJPY. CHFJPY is a key for me both currency behing a "safe haven (nothing is safe in paper!)". If CHFJPY pullsback then its likely Yen strength rather than AUD-NZD weakness. I also see Nikkei futures and its about to take out the lows of August and same time also at support 22200 area. so...
so we have.....

CAD -> NAFTA
GBP -> Brexit
AUD -> China
Yen -> BOJ

USD -> NFP

It takes a lot for me to IGNORE you, but you can try.
  • #2,952
  • Sep 6, 2018 9:30pm Sep 6, 2018 9:30pm
Hope some of you caught this pair. I went in slightly early, was in minor DD but now it is doing fine.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH 070918.png Size: 53 KB
  • #2,953
  • Sep 6, 2018 10:20pm Sep 6, 2018 10:20pm
watching PA EURAUD at R61
  • #2,954
  • Sep 6, 2018 10:33pm Sep 6, 2018 10:33pm
AJ is stretching into the zone as well, the A$ is dropping hard
I will get my head around this, but always can be wrong
  • #2,955
  • Edited 10:57pm Sep 6, 2018 10:41pm | Edited 10:57pm
Morning guys.


For those who are still holding long AUDCAD and AUDUSD. Pls take note it’s dropping hard.

AUD strength is still weak.
JPY strength is back for strong.

AUDJPY - S61 zone. Take note!
NZDJPY - S78 zone. Take note!

Finally my NZDJPY is hitting my TP soon at price 72.500 for 4 positions. Holding since 30th August.
Entry price was at 74.290.


As mention earlier that I will be looking to short AUDUSD still watching PA for entry.

Further downside for AUDUSD is still on my card.
Target at 0.69500 - 0.67700.

Cheers and happy trading.

Ron.
  • #2,956
  • Edited Sep 7, 2018 3:09am Sep 6, 2018 11:37pm | Edited Sep 7, 2018 3:09am
Hi traders,

Price Action Pairs for EURUSD, GBPUSD and USDJPY.

EURUSD - Daily Resistance at 1.17330.
( Still in Range )
H4 Resistance at 1.17330 -
Major Swing high.
H4 Support at 1.15300 -
Major Swing low.
H1 Resistance at 1.16500.
H1 Support at 1.13000.

GBPUSD - Daily Resistance at 1.35000.
Daily Support at 1.26600.
H4 Major Swing high at 1.30400.
H4 Major Swing low at 1.28000.

USDJPY - Daily Resistance at 111.500.
H4 Major Swing high at 111.500.
H4 Major Swing low at 110.680 ( Broken )
H1 Resistance at 110.680. Watch this level for a break up.


All these pairs above will decide on NFP report for a clear directions.



Ron.
  • #2,957
  • Sep 7, 2018 12:55am Sep 7, 2018 12:55am
Quoting RonFXLive
Hi traders, Price Action Pairs for EURUSD, GBPUSD and USDJPY. EURUSD - Daily Resistance at 1.17330. Daily Support at 1.13000. ( Still in Range ) H4 Resistance at 1.17330 - Major Swing high. H4 Support at 1.15300 - Major Swing low. H1 Resistance at 1.16500. H1 Support at 1.13000. GBPUSD - Daily Resistance at 1.35000. Daily Support at 1.26600. H4 Major Swing high at 1.30400. H4 Major Swing low at 1.28000. USDJPY - Daily Resistance at 111.500. H4 Major Swing high at 111.500. H4 Major Swing low at 110.680 ( Broken ) H1 Resistance at 110.680. Watch this...
what's your view about EURAUD mate..?
  • #2,958
  • Edited 2:05am Sep 7, 2018 1:24am | Edited 2:05am
Quoting General Lee
{quote} what's your view about EURAUD mate..?

Hi mate,

Regards to EURAUD, Firstly I got stopped out by short trade.

It’s hard to predict and trade this pair due to US trade tariffs negotiations still on going with China.
( Pending )

Bull candles are still strong by looking at the price action structure. In Daily timeframe have broke out Daily Flag Pattern and my resistance turn support so my view is still bullish for EURAUD.

EURAUD has been range for weeks. Finally broke out of range to the upside.

So I’m staying out on this pair at the moment till price turn.

Cheers.
  • #2,959
  • Sep 7, 2018 1:28am Sep 7, 2018 1:28am
Hi All,
Is there anyone still shorting EURUSD?

Regards,
Elvis
  • #2,960
  • Sep 7, 2018 1:31am Sep 7, 2018 1:31am
Hi guys,

Seem to me that fundemental news now are the most important factor than any price action. So pls check out for some news before placing any orders. You never know when the news can happen, it can be a sudden and most pairs by looking at can still go to extreme levels. Trend can’t last long due to some risk involved

Well this is forex trading. It’s never easy.
So pls remember to secured any pairs when you’re in profits.

Good luck guys.
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