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Weekly Pivot trading with TDI

  • #3,161
  • Sep 11, 2018 3:26am Sep 11, 2018 3:26am
Quoting Onlinepips
{quote} That GBPUSD rising wedge got a little steeper on the m30 and h1 recently? eg the HL became even higher
Look at it on the daily buddy for trend and structure I use daily timeframe
  • #3,162
  • Sep 11, 2018 3:39am Sep 11, 2018 3:39am
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...
There has been some great value added with Ron's post specifically on price action which i think has helped people alot. Neil is keeping a close eye on the thread and davit pops in now and then with wise words. The system that Davit has evolved is Weekly Pivots with TDI. Understanding price action around the pivots is critical to understanding the probability of the trend reversing or continuing.

If you think a post is not in keeping with the system then i would recommend contacting neil by private message and he will sort it out.
  • #3,163
  • Sep 11, 2018 3:39am Sep 11, 2018 3:39am
Quoting sharingan9
{quote} 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...
I use an equity SL like in Davit's original thread but to consider the distance between 61-100 is a good hint.

Thank you,
Bubincka
Porta itineris dicitur longissima esse
  • #3,164
  • Sep 11, 2018 3:46am Sep 11, 2018 3:46am
NC looks interested.
  • #3,165
  • Sep 11, 2018 4:14am Sep 11, 2018 4:14am
Watching EURAUD - This has been on an upward march but a nice pin bar has formed on the R61 level. The M15 and M30 have turned but NOT the H4 or D - The question you have to ask is the EUR weaker than the AUD to generate the fall back and for me the AUD is still very weak on price action.For me it is still on the WATCH list.
Attached Image (click to enlarge)
Click to Enlarge Name: 11092018 EURAUD Pinbar R61 setup.png Size: 53 KB
  • #3,166
  • Sep 11, 2018 4:22am Sep 11, 2018 4:22am
just buy eurusd...if break low, i'll cut my position
Attached Image (click to enlarge)
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  • #3,167
  • Sep 11, 2018 4:38am Sep 11, 2018 4:38am
Buying EURUSD:
USA market soon new cash will flow into the market:

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 81 KB
  • #3,168
  • Sep 11, 2018 5:10am Sep 11, 2018 5:10am
Quoting Kubiasty2000
Buying EURUSD: USA market soon new cash will flow into the market: {image}
This chart is not in the correct format for this forum - only charts with Weekly pivots and TDI should be posted. If you don't have the format and if you are trading on
on a mobile ( why you would do this in a live environment is not what i would recommend ) then only post your trade details with pivot levels. No charts.
  • #3,169
  • Sep 11, 2018 5:13am Sep 11, 2018 5:13am
Quoting skippyone
{quote} This chart is not in the correct format for this forum - only charts with Weekly pivots and TDI should be posted. If you don't have the format and if you are trading on on a mobile ( why you would do this in a live environment is not what i would recommend ) then only post your trade details with pivot levels. No charts.
Thankyou buddy
  • #3,170
  • Sep 11, 2018 5:43am Sep 11, 2018 5:43am
Eur usd fails see 30m 4h daily and weekly......
Aud/usd also to the south i think... see the 30m 1h 4h daily weekly bad bad bad
Dxy strong ;-)
  • #3,171
  • Sep 11, 2018 6:06am Sep 11, 2018 6:06am
Quoting Neil0163
{quote} Look at it on the daily buddy for trend and structure I use daily timeframe
Hi mate,

Looked at it on the daily, and attached an image. I have the lower part of the wedge in an orange line, and also a yellow line. From what I've read I'm guessing the correct way is the yellow line?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB
  • #3,172
  • Sep 11, 2018 6:18am Sep 11, 2018 6:18am
Quoting Onlinepips
{quote} Hi mate, Looked at it on the daily, and attached an image. I have the lower part of the wedge in an orange line, and also a yellow line. From what I've read I'm guessing the correct way is the yellow line? {image}
you got it the bottom orange line though I draw from body to body rather than wick to wick theres big arguments about this but that's how I draw em
  • #3,173
  • Sep 11, 2018 7:23am Sep 11, 2018 7:23am
Hi guys,

If you want to be a professional/full time trader. One need to be very focus practice and learn from mistakes learning from mistakes is not everyone does. Every trader has their wrong doing trades. Nothing to be shame about.. all voice down to results at the end of day. No need to have any arguments at all. Every trader draw trendlines, see support & resistance differently. Price structure change everyday. Today you might see this structure tomorrow you might not see it and you will start to get confused, panic.

So start learning hard if you want to become a successful trader as a career.


PS: For those who are still holding short GBPUSD and EURUSD. Congrats to you.


Cheers and best of luck.
Ron.
  • #3,174
  • Sep 11, 2018 7:41am Sep 11, 2018 7:41am
Quoting Neil0163
{quote} you got it the bottom orange line though I draw from body to body rather than wick to wick theres big arguments about this but that's how I draw em
Yeah there can definitely be different viewpoints between how to draw things!

I've redrawn it this time without the yellow line and aligned both the top and bottom with the body to body.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB
  • #3,175
  • Sep 11, 2018 8:03am Sep 11, 2018 8:03am
Quoting RonFXLive
Hi guys, If you want to be a professional/full time trader. One need to be very focus practice and learn from mistakes learning from mistakes is not everyone does. Every trader has their wrong doing trades. Nothing to be shame about.. all voice down to results at the end of day. No need to have any arguments at all. Every trader draw trendlines, see support & resistance differently. Price structure change everyday. Today you might see this structure tomorrow you might not see it and you will start to get confused, panic. So start learning hard if...
Yep,EU and GU really noisy today buddy.
I need to be more patience and wait for clear signal.
  • #3,176
  • Sep 11, 2018 8:16am Sep 11, 2018 8:16am
Dear Ron,

We, so called Davit pivot traders, really admire your efforts and concerns in sharing and helping us to learn the art of trading.

It takes a lot of effort to share the knowledge you gained after going through years of hard work just for free. We are happy to have such mentors like you who loves to share and contribute in this great thread. Thank you very much for all your efforts here.

Also thanks to those who are contributing and helping people like me to trade and to learn.

~foreonex

Quoting RonFXLive
Hi guys, If you want to be a professional/full time trader. One need to be very focus practice and learn from mistakes learning from mistakes is not everyone does. Every trader has their wrong doing trades. Nothing to be shame about.. all voice down to results at the end of day. No need to have any arguments at all. Every trader draw trendlines, see support & resistance differently. Price structure change everyday. Today you might see this structure tomorrow you might not see it and you will start to get confused, panic. So start learning hard if...
  • #3,177
  • Sep 11, 2018 8:16am Sep 11, 2018 8:16am
closed long eurusd with only +5. now watching eurnzd
  • #3,178
  • Sep 11, 2018 8:19am Sep 11, 2018 8:19am
Today I saw opportunities only for some N and G pairs. NZD is still too weak and always goes down, no sign of reversal at all.
Regarding GBP, it's very hard to trade its pairs these days: levels are interesting, but one day Brexit is done and the day after Brexit is broken-
So, in the end I preferred to stay out and watch the market.

Bubincka
Porta itineris dicitur longissima esse
  • #3,179
  • Sep 11, 2018 8:43am Sep 11, 2018 8:43am
Quoting skippyone
{quote} This chart is not in the correct format for this forum - only charts with Weekly pivots and TDI should be posted. If you don't have the format and if you are trading on on a mobile ( why you would do this in a live environment is not what i would recommend ) then only post your trade details with pivot levels. No charts.
Sorry are you blind? If this looks like mobile phone chart I suggest to you: buy glasses.
I Don't need TDI. Its lagging indicator. Why the hell pro trader uses indicators like TDI ??? I need only bullish engulfing or pinbar nothing more. I have been surprised for a long time that many pro's like Davit still uses TD indicator... the fastest indicator is EYE + CANDLE nothing more.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 106 KB
  • #3,180
  • Sep 11, 2018 8:55am Sep 11, 2018 8:55am
Quoting Kubiasty2000
{quote} Sorry are you blind? If this looks like mobile phone chart I suggest to you: buy glasses. I Don't need TDI. Its lagging indicator. Why the hell pro trader uses indicators like TDI ??? I need only bullish engulfing or pinbar nothing more. I have been surprised for a long time that many pro's like Davit still uses TD indicator... the fastest indicator is EYE + CANDLE nothing more. {image}
Just add levels to your chart) Davit's method assumes trading from fib weekly levels
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