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Weekly Pivot trading with TDI

  • #3,061
  • Sep 10, 2018 4:12am Sep 10, 2018 4:12am
Where is DAVIT ? I bet he have shorts on EURAUD for sure...!
  • #3,062
  • Sep 10, 2018 4:34am Sep 10, 2018 4:34am
I watched Neils video and found a chart not on there to draw some price action feel free to correct if wrong.

Daily XAUAUD
Changed from LL to HH as the expectation if drawn correctly.
Yellow horzontal line is around the weekly pivot area. Perhaps an opportunity to go long if it reaches the yellow line/weekly pivot point and then target 1 would be the HH, looking to the left there is previous resistance at that HH R38 line back in sep last year, and also support in August this year twice.

target 2 would be R100. Also see what price is doing and maybe look for shorts since its that 78-100 iirc that's most likely to reverse?
Attached Image (click to enlarge)
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  • #3,063
  • Sep 10, 2018 5:59am Sep 10, 2018 5:59am
Some really great analysis going on guys keep it up.
  • #3,064
  • Sep 10, 2018 6:00am Sep 10, 2018 6:00am
Quoting Kubiasty2000
Where is DAVIT ? I bet he have shorts on EURAUD for sure...!
Someone told me they where buying this today. Not even using Davits pivots price broke out it needs to retrace.
Why you would buy high is beyond me.
  • #3,065
  • Edited 6:23am Sep 10, 2018 6:07am | Edited 6:23am
Hi traders,

Pairs to watch for this week.
News events to watch for this week.
ECB and BOE policy and rates decision. ( Thursday )

EURUSD, GBPUSD, USDJPY.

1) EURUSD Head & Shoulder pattern and I will be looking at short trade below 1.16000 to target 1.15000 - 1.14600 support and could be a bounce back up for a pullback along with ECB meeting coming Thursday.

2) GBPUSD Head & Shoulder pattern. I’m staying bearish on this pair. Bearish Pinbar in Daily timeframe.
Bearish continuous trend expected.
I’m still watching for price movement.

3) USDJPY preparing for bearish breakout below 111.300 as long as price stays below 111.300. I’m bearish on this pair.

Happy trading & trade with care.
Ron.
  • #3,066
  • Sep 10, 2018 6:38am Sep 10, 2018 6:38am
Quoting RonFXLive
Hi traders, Pairs to watch for this week. News events to watch for this week. ECB and BOE policy and rates decision. ( Thursday ) EURUSD, GBPUSD, USDJPY. 1) EURUSD Head & Shoulder pattern and I will be looking at short trade below 1.16000 to target 1.15000 - 1.14600 support and could be a bounce back up for a pullback along with ECB meeting coming Thursday. 2) GBPUSD Head & Shoulder pattern. I’m staying bearish on this pair. Bearish Pinbar in Daily timeframe. Bearish continuous trend expected. I’m still watching for price movement. 3) USDJPY preparing...
i'll wait for sell at R area....
  • #3,067
  • Sep 10, 2018 6:40am Sep 10, 2018 6:40am
Quoting General Lee
{quote} i'll wait for sell at R area....


Good luck mate!
Anyway today’s market are trading sideway..
  • #3,069
  • Sep 10, 2018 6:55am Sep 10, 2018 6:55am
Don’t forget the news aswell guys heavy GBP news to come out this week
  • #3,070
  • Sep 10, 2018 7:26am Sep 10, 2018 7:26am
Not too many good set ups yet for me. Many ranging pairs so far and undecided. Had a long on EJ opened over the weekend and closed it because EJ is looking to range or perhaps drop. Lower PP. So I am out. Many of the pairs look like this. I will look to short EURAUD or GBPAUD next week if AUD finally decides to get some strength

Attached Image (click to enlarge)
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We will see if anything opens up this week but I may sit this week out. Good luck guys.
  • #3,071
  • Sep 10, 2018 8:06am Sep 10, 2018 8:06am
Quoting sharingan9
Not too many good set ups yet for me. Many ranging pairs so far and undecided. Had a long on EJ opened over the weekend and closed it because EJ is looking to range or perhaps drop. Lower PP. So I am out. Many of the pairs look like this. I will look to short EURAUD or GBPAUD next week if AUD finally decides to get some strength {image} We will see if anything opens up this week but I may sit this week out. Good luck guys.
Well i closed it out too early haha. flew up right after. oh well haha
  • #3,072
  • Sep 10, 2018 8:12am Sep 10, 2018 8:12am
GBP flying up now https://www.forexfactory.com/news.php?do=news&id=819563

Seems the expectation was priced in. I wouldnt be shorting GBP unless you trust your PA skills guys. GBP is crazy beware.

Attached Image (click to enlarge)
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  • #3,073
  • Sep 10, 2018 8:37am Sep 10, 2018 8:37am
Wow.. another spike for the GBP pairs. Really risky to trade GBP pairs at this point in time, news come out of a sudden..
Lucky enough was still watching movement.

EURUSD follow the spike too.
EURAUD went up new high too.

Guys, have said before that news nowadays are overlapping all price action trading. So pls trade small positions and add only if you’re in profits.

I will be staying out of the market till tomorrow.

Good luck guys.
  • #3,074
  • Sep 10, 2018 8:54am Sep 10, 2018 8:54am
Higher time frame analysis guys wait for todays close to see if our expected short levels from the video break or push price down, Remember these are areas of interest nothing more nothing less this is where we want to watch price action we don't just jump into the trade. If the resistance level breaks we can countertrend long to our next area of interest where we where looking for shorts as explained in my video.
To countertrend on GU for Eg we need a close above 1.3043
If your into your chart patterns youll notice we have a rising wedge on GU which is bearish
  • #3,075
  • Sep 10, 2018 9:05am Sep 10, 2018 9:05am
I guess EU and GU on the up side now, prefer buying than selling
  • #3,076
  • Sep 10, 2018 9:10am Sep 10, 2018 9:10am
Quoting mmo1991
I guess EU and GU on the up side now, prefer buying than selling
Not just yet buddy wait for close we need structure to be broke GU And GC both have rising wedges at key resistance and I was bearish on these. EU I’d be more inclined to buy if it can break its trendline.
GU GC It can’t break there resistance level at mo and we have the wedges.
Whats the betting we get a pump and dump on GBP be nice pivot opportunity to short from R zones this week
  • #3,077
  • Sep 10, 2018 9:11am Sep 10, 2018 9:11am
Quoting RonFXLive
Wow.. another spike for the GBP pairs. Really risky to trade GBP pairs at this point in time, news come out of a sudden.. Lucky enough was still watching movement. EURUSD follow the spike too. EURAUD went up new high too. Guys, have said before that news nowadays are overlapping all price action trading. So pls trade small positions and add only if you’re in profits. I will be staying out of the market till tomorrow. Good luck guys.
What I love most about davit system is that it can be used for both trend and counter trend trading. A move away from WPivot is a trend while a trade from 61-100 zone is counter. I know Davit don't trade away from WPivot, he only add to trade when Wpivot is broken through hard but I love trading away from WPivot and take profit at selling/buying zone
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #3,078
  • Sep 10, 2018 9:14am Sep 10, 2018 9:14am
Quoting ejiexe
{quote} What I love most about davit system is that it can be used for both trend and counter trend trading. A move away from WPivot is a trend while a trade from 61-100 zone is counter. I know Davit don't trade away from WPivot, he only add to trade when Wpivot is broken through hard but I love trading away from WPivot and take profit at selling/buying zone {image}
Excellent trade
Be carefull trading from WP though as this is where price is at equilibrium it could go either way
never the less nice trade
  • #3,079
  • Sep 10, 2018 9:24am Sep 10, 2018 9:24am
Quoting ejiexe
{quote} What I love most about davit system is that it can be used for both trend and counter trend trading. A move away from WPivot is a trend while a trade from 61-100 zone is counter. I know Davit don't trade away from WPivot, he only add to trade when Wpivot is broken through hard but I love trading away from WPivot and take profit at selling/buying zone {image}
Yes you got the right call.
Well done on that Ejiexe.
This is more towards advanced trading unless you know how price action works.
  • #3,080
  • Sep 10, 2018 9:44am Sep 10, 2018 9:44am
Quoting Neil0163
{quote} Not just yet buddy wait for close we need structure to be broke GU And GC both have rising wedges at key resistance and I was bearish on these. EU I’d be more inclined to buy if it can break its trendline. GU GC It can’t break there resistance level at mo and we have the wedges. Whats the betting we get a pump and dump on GBP be nice pivot opportunity to short from R zones this week
Agreed. we need some some structure violations be fore we consider jumping in
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