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Weekly Pivot trading with TDI

  • #3,141
  • Sep 11, 2018 3:59am Sep 11, 2018 3:59am
Quoting Kubiasty2000
GBPUSD nice stop hunt: {image} Perfect at R61 !
Nice sell mate
  • #3,142
  • Sep 11, 2018 4:00am Sep 11, 2018 4:00am
Quoting bubincka
{quote} Hi Ron, which is your SL on GU ? With this sudden spike down price went below 1.29900... Bubincka
Hi bubincka,

My Stoploss was at 1.29600 which is almost hit.. lol
  • #3,143
  • Sep 11, 2018 4:01am Sep 11, 2018 4:01am
Quoting cHerawit
{quote} hope that's spike didn't hit your SL.

Almost hit my sl at 1.29600. Very risky!
  • #3,144
  • Sep 11, 2018 4:03am Sep 11, 2018 4:03am
It is kind of hard to build positions when price shoots to TP that fast though haha.
  • #3,145
  • Sep 11, 2018 4:06am Sep 11, 2018 4:06am
weekly pivot + M1 chart
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  • #3,146
  • Sep 11, 2018 4:08am Sep 11, 2018 4:08am
Don’t know if you guys are aware, but there is all sorts of live news about Brexit coming from the EU (since yesterday about 14:00Hrs British time) It’s all very positive for the UK. Hence the spike in GBP
  • #3,147
  • Sep 11, 2018 4:10am Sep 11, 2018 4:10am
Quoting RonFXLive
Hi guys, I have entered Long for EURUSD and target 1.17000. I have entered long for GBPUSD and target 1.32000. I have entered short for NZDUSD and target 0.64000. I have entered short for USDCAD and target 1.30000. Key level to watch for USDJPY at price 111.830. If closed above I will go long and target 112.500 - 112.950. This is my price action trading guys. Pls do not follow. Good luck. Ron.
And they all 4 reversed just after your entry.The only long of the day and week are USDCHF & USD index.The rest is all short.NZDUSD is close to the end and will range next days. The best deal ever these days is buying USDCHF.
It's show time
  • #3,148
  • Sep 11, 2018 4:12am Sep 11, 2018 4:12am
GU is in a rising wedge guys, this is why I stayed out usually I would have got long to target second area of resistance but due to the wedge I stayed out, we had a false break of the wedge.
A rising wedge is bearish
  • #3,149
  • Sep 11, 2018 4:12am Sep 11, 2018 4:12am
Quoting masterx584
{quote} And they all 4 reversed just after your entry.The only long of the day and week are USDCHF & USD index.The rest is all short.NZDUSD is close to the end and will range next days. The best deal ever these days is buying USDCHF.


Yeah but I don’t trade CHF pairs.

Good luck.
  • #3,150
  • Sep 11, 2018 4:14am Sep 11, 2018 4:14am
Hi guys,

Enjoy the market!!

Cheers!
  • #3,151
  • Sep 11, 2018 4:19am Sep 11, 2018 4:19am
Quoting Neil0163
GU is in a rising wedge guys, this is why I stayed out usually I would have got long to target second area of resistance but due to the wedge I stayed out, we had a false break of the wedge. A rising wedge is bearish
That GBPUSD rising wedge got a little steeper on the m30 and h1 recently? eg the HL became even higher
  • #3,152
  • Sep 11, 2018 4:25am Sep 11, 2018 4:25am
Quoting RonFXLive
{quote} Hi bubincka, My Stoploss was at 1.29600 which is almost hit.. lol
Hi Ron,

thank you for your reply.

Entering GU short at WR61 it's about 100 pips SL, correct ?

I'm asking this because I understood you used a SL of about 40 pips for each trade in your position.
Porta itineris dicitur longissima esse
  • #3,153
  • Sep 11, 2018 4:36am Sep 11, 2018 4:36am
Quoting bubincka
{quote} Hi Ron, thank you for your reply. Entering GU short at WR61 it's about 100 pips SL, correct ? I'm asking this because I understood you used a SL of about 40 pips for each trade in your position.
Man, read carefully.
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  • #3,154
  • Sep 11, 2018 4:44am Sep 11, 2018 4:44am
Quoting antisystem
{quote} Man, read carefully. {image}

Thanks buddy. Only you understand where I’m coming from. Keep it up and remember to secured your profits.

Cheers buddy.
Ron.
  • #3,155
  • Sep 11, 2018 4:49am Sep 11, 2018 4:49am
Hi guys,

Think that I will stop all my free analysis from now as I’m getting tired of doing everytime and I have my own client’s portfolio to look after too..

Can you guys share some of your analysis and let thread members shared their view. For those who don’t understand just PM me and I will get back to you by PM when I’m free ya..

Thanks!!
Good luck guys for your trading!

Ron.
  • #3,156
  • Sep 11, 2018 4:56am Sep 11, 2018 4:56am
Quoting antisystem
{quote} Man, read carefully. {image}
OK. I've been deceived by this, that was only and example and overlooked the following Ron's post. It makes sense to me now.
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Porta itineris dicitur longissima esse
  • #3,157
  • Sep 11, 2018 5:08am Sep 11, 2018 5:08am
I've been following this thread for a few days and I've read more or less all the posts in here. And I have noticed that this is turning out to be a different way that Davit is has been trading, correct me if I'm wrong thought.

Davit's rules are pretty simple trade on the S/R pivots with TDI confirmation and ADR. But lately it has been around patterns and price resistances etc. I don't mind all that because if it helps it worth it, but the thread has deviated away from the original Davit's method of trading I think. I know it's not Davits thread anymore that it's different but I'm just saying...
Anything above the line is an uptrend, below the line is a downtrend.
  • #3,158
  • Sep 11, 2018 5:09am Sep 11, 2018 5:09am
Quoting bubincka
{quote} Hi Ron, thank you for your reply. Entering GU short at WR61 it's about 100 pips SL, correct ? I'm asking this because I understood you used a SL of about 40 pips for each trade in your position.


It isnt wise to have a fixed stoploss for every pair and every week because volatility can change from pair to pair and from week to week. What I usually do is rely on the distance between 61-100. Because the pivots are based on volatility it will incorporate the volatility of the pair and the previous week candle so the pip distance between the 61 and 100 is the perfect SL because it adjusts as volatility changes from week to week and from pair to pair. For example it would be a bit risky in my view to have a 40 pip SL for a GBP pair as gbp is super volatile. This is like having a 15 pip stoploss for GBPJPY haha.

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  • #3,159
  • Sep 11, 2018 5:22am Sep 11, 2018 5:22am
Quoting Degolep
I've been following this thread for a few days and I've read more or less all the posts in here. And I have noticed that this is turning out to be a different way that Davit is has been trading, correct me if I'm wrong thought. Davit's rules are pretty simple trade on the S/R pivots with TDI confirmation and ADR. But lately it has been around patterns and price resistances etc. I don't mind all that because if it helps it worth it, but the thread has deviated away from the original Davit's method of trading I think. I know it's not Davits thread...
Well Davit's does not use TDI anymore he just uses PA and pivots. The main idea is using pivots with other market principles like PA. Support and resistance levels are just past PA so it really is the same. Pivots, + PA + Structure + Market Environment(bullish or bearish). Pivots give you the areas where to buy and sell but you must determine whether to pull the trigger and you make those determinations through PA and/or Structure and/or Market Environment
  • #3,160
  • Edited 6:02am Sep 11, 2018 5:24am | Edited 6:02am
Quoting RonFXLive
Hi guys, Think that I will stop all my free analysis from now as I’m getting tired of doing everytime and I have my own client’s portfolio to look after too.. Can you guys share some of your analysis and let thread members shared their view. For those who don’t understand just PM me and I will get back to you by PM when I’m free ya.. Thanks!! Good luck guys for your trading! Ron.
No problem, Ron) Just stay around) Your input to this thread is very important & usefull)
EU
Price bounced from R38, dropped below 1.16, DXY jumped above 95.
If price fall below WPP, break TL, it will definitely fall much deeper to S38 or lower.
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