Weekly Pivot trading with TDI

https://www.todayonline.com/singapor...x-trading-scam
Just as in anywhere else in the World, newbies be wary....

yep. TP1 @ R61, TP2 near 85.000

That's where it gets somewhat confusing eg which order flow are we trading? I think the way Neil looks at price action, where the LH is at about Jul 29 and about 1.32000 that LH there, until price closes above any tails of that LH, we are still bearish overall.

But since that rising wedge was broken and as on your chart we make HH on the shorter term order flow, you could maybe say short term bullish. But I'd rather say neutral I think. Or wait and as Ron said if price breaks? or closes? above 1.30800 he enter more positions. For me I think for now I'd rather just wait and see if price hits the LH and maybe short it. I don't see myself entering any longs on GBPUSD right now. We also haven't closed above R61 on GBPUSD its rejected that level twice now on the H4.

Maybe you stop spamming if you don't have anything useful to say.
I'm not focused on anybody's analysis. I didn't understand information given by Ron & I asked about it. That's all.

Well ! that's genuine good advice based on technical perspective.... thumbs up!

On the daily basis, do note that it has cleared the down channel resistance line, it definitely can go down and depending how much it does we are certainly squeezing for a direction soon.

Hello guys,

Enjoy your trading day. I’m out.

Thanks and many green pips to all of them.

Must be what I say....

Thanks! I did edit my post at the same time as you were replying I think. For me, I think Neil said something a few days ago....using our current long term bearish bias example, you can go long from here to a previous point of resistance[the LH at 1.32000]. But I don't know when there is enough reason/confluence to do that so I much rather just wait and if price makes it to the LH then I'll think about shorting it, and if I miss a long trade in the process thats ok. It has also, so far, rejected the R61 level zone twice. And we have news coming out very soon too so yeah for me I just wait and see for now

This may help
Note the boxes I consider this noise or no mans land.

Yes I hate this, its what its known to me as inside days.... however it looks like having a more bullish bias now... just my opinion only

Hi Ron,

these levels are yesterday's high and low for GU and EU, correct ?

Best regards,
Bubincka

Yup if we end up short it will because price would have created a double top as such. So that's on the cards if it breaks that high and can close above it on the daily we should have a long bias which will mean a breakout of some sort. we can trade that or we can be conservative and wait for break out then a pull back to get long, for me im short till that previous High is closed above.

Either way traders around the world are waiting on this news to decided to buy or sell

September 12 NZDCAD Trade - No apologies for a large Post.
With significant news ahead today I submit this post from NC trade yesterday, September 12.
It is an example of applying Davit's principles and outlines mistakes made by not complying with perhaps two key elements not adhered to. Although the trade was profitable it was a struggle! All trades closed at Price 0.8538, Oanda broker time 9-12-18 at 23:06:59.
NC rejected S100 a number of times signalling a move up?
Image 1: 9-12 0807 EDT M30

Image 2: 9-12 0810 EDT H1

Image 3: 9-12 0809 EDT H4

Image 4: 0852 EDT H1

Image 5: 1025 EDT H1

Image 6: 1131 EDT H1


Refer to my post https://www.forexfactory.com/showthr...8764&page=1033 and Trade Worksheets. One of these Neil has included on Page 1 of this thread. These have been widely used with downloads in the 1000's.

What was wrong with this trade?
However, although profitable, my summation of not observing some principles!
1. Davit has previously posted on his thread that he preferred to only Sell AC, NC and EC. I will not go into his reasoning here.
2. ADR % was not orange or red that would have increased to probability of a more significant move. ADR was green%! Refer to images.
3. Adding on below S78 not smart! Wait for a break of the level, often a retest then add to your trade.

Using Davit's philosophy on position size is nothing short of brilliant!

Please view the video from his thread, Page 48, Post 953. This is a necessity especially for traders lacking experience.

https://www.forexfactory.com/showthr...588764&page=48

Not my day to trade so I have posted this for entertainment!

Trade Smart - Real Smart! Above all be patient - very patient!

Hi Neil,

thank you for your comments, price is still floating around WS38.
I know this trade is risky due too to oil price volatility and China/USA deal issue that in turn weight on AUD.

Would you be so kind to point out in my chart which is the last lower high you are referring to ?

Best regards,
Bubincka

SINGAPORE — They were apparently sweet-talked into joining his forex trading courses.
After forking out thousands of dollars each, they felt they did not learn much from the instructor, Mr Nicholas Seah Hua Sheng, 34.
To make things worse, they chalked up losses from trading.
More than 15 people — who have lost over S$500,000 in course fees and trading losses in total — have lodged more than 10 police reports so far against Mr Seah, who denied their claims and maintained the complainants merely want to get their money back.
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Among those who have filed a police report is Jane (not her real name), a woman in her late 20s whom Mr Seah allegedly dated and took a nude video of.
Jane told TODAY they met through dating app Paktor in 2014.
She said she told Mr Seah that she had never had a boyfriend before, and the latter asked if she was willing to give it a try.
At that point, there was no mention of his forex trading courses, said Jane.
On one occasion, which Jane said was “due to pressure of (his praises) and persuasion”, she let him take a nude video of her.
“I was lost and confused, and went along with it,” she said.
The relationship went cold for a while until 2016, when Mr Seah rekindled contact with her. He told her he had been “falsely accused of molest”, and that his mother had cancer.
He then pitched the forex course to her. She said Mr Seah claimed he was “capable of making a lot of money through forex” and convinced her to join him.
Jane forked out S$3,000 for an entry-level course, before forking out another S$2,000 a few months later for an expert-level course. She claimed that she was “pressured into his demands”, despite not being fully trained to trade.
“I was (also) fearful… that he would threaten me with the naked photos,” said the woman, who has chalked up some S$15,000 in trading losses.
TODAY understands that there are also more pictures and videos of Jane taken by Mr Seah, who declined to comment on this issue when asked.
The police, in response to TODAY’s queries, confirmed that reports have been lodged, and that investigations are ongoing for Jane’s complaints of the naked videos. It is also looking into the complaints against Mr Seah’s forex classes.
The complainants, who met the media about two weeks ago, filed the police reports this month. They alleged that Mr Seah promised them the opportunity to make big bucks through forex trading and the opportunity for free follow-up coaching, among other things.
But after receiving payment for the one-day course, which ranged from S$2,000 to S$4,888, he allegedly became “abusive, manipulative (and) aggressive”.
Not only did he breeze through the course syllabus, he spent “most of the time scolding us, and claiming he was framed (for molestation) and wronged”, said a property agent in her 40s who only wanted to be known as Ms Ng.
He also apparently scolded them when asking them to trade on their own.
The small-group courses were conducted at Mr Seah’s home in Ang Mo Kio and, later, at Jalan Chempaka Kuning, said the complainants.
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“This is a business… (you) must be real, (you) must be strict,” he said, adding that he also praised his students and took them out for meals.
According to the complainants, who have informally banded together, Mr Seah would convince people to join his classes by promising them the opportunity to earn lots of money, while painting a sad picture of his life.
According to some of them, Mr Seah claimed his mother was stricken with cancer and that he needed money. To others, he brought up a past criminal conviction for molestation — for which Mr Seah confirmed he was jailed.
He would approach potential attendees via social media, word of mouth or dating applications.
Mr Seah said he learnt of the “plot” against him about a week ago when the police contacted him regarding the reports made.
“(The complainants) are just angry...they want to get their money back,” he added.
“This is too much... they learnt something, they didn’t like it, now they make noise,” Mr Seah said in Mandarin. He also claimed that he had been on the receiving end of threats and prank calls.
TODAY has reached out to Mr Seah’s lawyers for comments.

Closed AU longs head of CPI and going long on dips is the key here.
Decent gain
AJ longs are running and will keep this until trade talks on Japan begin

The U.S. and Japan are preparing to resume negotiations for "free, fair and reciprocal" trade on Sept. 21, just a few days before an expected meeting between Prime Minister Shinzo Abe and President Donald Trump on the sidelines of the U.N. General Assembly gathering in New York.
Tokyo also looks to schedule another round of economic dialogue between Vice President Mike Pence and Taro Aso, Japan's finance minister and deputy prime minister.

Selling the spike on EG is my intention.I am looking GBP gaining and Euro weakening

Hi Gmo,

I'm on this same NC trade long and probably yesterday I made the same mistakes, for sure #1. and #2.
My push has been the fact that NC is at such low levels that (my bias) I believe it must reverse. This, of course, doesn't matter at all to market and PA.

Then other issues like lack of patience, fear of missing out (FOMO) are things that we all traders know very well.
Now it could turn out to be a winner as it was for you or a loser, but the fact remains that there were more reasons not to take the trade, at least at those levels.

Best regards,
Bubincka

don't sell UC at support S78! Not part of the system. US bulls may return after CPI pushing this to 3070 or even 31 then shorting makes more sense.

You have to think in groups.
Should strongest commodity currency CAD lose to USD now then weaker AUD and NZD will follow the lead hence going long on AUD NZD is pointless should CAD lose to USD
You guys are following correct? UC is at 78S hence bounce North is likely and that pushes ALL commodity pairs down