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Weekly Pivot trading with TDI

  • #3,721
  • Sep 19, 2018 10:58am Sep 19, 2018 10:58am
Quoting Neil0163
{quote} Same, We are classed as bullish now on this pair waiting for this Higher low to finish forming then jumping in at s level rejection!
Hi, Neil.
What about EU? Are you still holding short?
  • #3,722
  • Sep 19, 2018 11:02am Sep 19, 2018 11:02am
Quoting Neil0163
{quote} Same, We are classed as bullish now on this pair waiting for this Higher low to finish forming then jumping in at s level rejection!
I am watching it too. But my main concern at this point is where NAFTA takes already strong CAD? Dollar on other hand have to deal with China issues. Retaliation brings Kiwi and Aussy up because it's FTA with them. Unless something else is in the play I would be cautious with USD. Any thoughts?
  • #3,723
  • Sep 19, 2018 11:06am Sep 19, 2018 11:06am
Quoting victorezeaku
{quote} Just coming back from work some have hit TP and Some trades still running. I extended take profit to the next Big Round Number - Risk Free Trades Which I expect to reach take profit level before the end of the week. I am learning to be patience and allowing my trades to run. {image} {image}
It is also good to make a partial when you arrive half of its target, and put in breakeven
  • #3,724
  • Sep 19, 2018 11:08am Sep 19, 2018 11:08am
Quoting RonFXLive
{quote} Thanks buddy.
Glad you’re back. Never asked/wanted you to leave.
A snails pace wins the race :-)
  • #3,725
  • Sep 19, 2018 12:01pm Sep 19, 2018 12:01pm
Quoting CraftsmanPau
{quote} Hello cHerawit. I have taken a short position on the CAD/JPY and would like to share my logic. {image}
This a tricky one to play for me. The Yen has been extremely weak and dovish statement by the BOJ is not helping. There was a spike down this afternoon on NAFTA news impacting the CAD and with the USDCAD selling off it has not supported a selloff in this pair. It might be too early for a sell considering the information discussed above although you might have caught the spike down. What is interesting that the whole spike was retraced but it is not moving at a rapid pace to take out the R78 level. I'll will keep an eye out for strength in USDCAD and as that has an inverse pattern right now compared to this as well as other CAD pairs.

Davit is more of an expert of CAD pairs so he will have a more informed assessment.
  • #3,726
  • Sep 19, 2018 12:08pm Sep 19, 2018 12:08pm
Quoting skippyone
{quote} This a tricky one to play for me. The Yen has been extremely weak and dovish statement by the BOJ is not helping. There was a spike down this afternoon on NAFTA news impacting the CAD and with the USDCAD selling off it has not supported a selloff in this pair. It might be too early for a sell considering the information discussed above although you might have caught the spike down. What is interesting that the whole spike was retraced but it is not moving at a rapid pace to take out the R78 level. I'll will keep an eye out for strength in...
Yeah, I was lucky that spike help me.
Cheers
  • #3,727
  • Sep 19, 2018 12:08pm Sep 19, 2018 12:08pm
Quoting skippyone
{quote} This a tricky one to play for me. The Yen has been extremely weak and dovish statement by the BOJ is not helping. There was a spike down this afternoon on NAFTA news impacting the CAD and with the USDCAD selling off it has not supported a selloff in this pair. It might be too early for a sell considering the information discussed above although you might have caught the spike down. What is interesting that the whole spike was retraced but it is not moving at a rapid pace to take out the R78 level. I'll will keep an eye out for strength in...
Well said buddy.

News news news.. follow up some news as it’s important nowadays as it may overlap all pivots levels when comes to price action. Importantly check out any news before decide to make a trade.
  • #3,728
  • Sep 19, 2018 12:17pm Sep 19, 2018 12:17pm
My advice is to stay away from any GBP pairs at this moment due to the Brexit talks between EU and UK. You can trade small.. negotiations will lead to a spike ups and down.

Good luck!
  • #3,729
  • Sep 19, 2018 12:17pm Sep 19, 2018 12:17pm
DAVIT you really inspire me
am holding on to EURCAD for a while
what do you guys think
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  • #3,730
  • Sep 19, 2018 12:21pm Sep 19, 2018 12:21pm
Quoting RonFXLive
My advice is to stay away from any GBP pairs at this moment due to the Brexit talks between EU and UK. You can trade small.. negotiations will lead to a spike ups and down. Good luck!
That's true, far too much volatility for those. I'm currently in a few other trades.

What have you got your eye on Ron? Remember that NZDJPY I mentioned in previous posts, It's running nicely into profit now.

  • #3,731
  • Sep 19, 2018 12:22pm Sep 19, 2018 12:22pm
Quoting emmkwad
DAVIT you really inspire me am holding on to EURCAD for a while what do you guys think {image}
My advice to you on EURCAD.

EURCAD is getting closer to 1.5089 low break of which would expose 1.4978 - 1.4912 area next.
Monitor the price movements.

Good luck!
  • #3,732
  • Sep 19, 2018 12:24pm Sep 19, 2018 12:24pm
Quoting Griff90
{quote} That's true, far too much volatility for those. I'm currently in a few other trades. What have you got your eye on Ron? Remember that NZDJPY I mentioned in previous posts, It's running nicely into profit now.
Hey bro..

Yes nice call and you’re doing just great.

I’m just staying out for GBP pairs. I find that it’s too risky to trade with ups and downs with no clear directions at all.
  • #3,733
  • Sep 19, 2018 12:28pm Sep 19, 2018 12:28pm
Quoting Davit
Ron welcome back Closed EN very nice gain +1866 reasons of getting out ADR close to max, price close to 61S and price not breaking below 7660 at least for now hence I anticipate test of 77 which should provide follow up shorts {image} {image}
This is beautiful. You are a great trader.
Porta itineris dicitur longissima esse
  • #3,734
  • Sep 19, 2018 12:28pm Sep 19, 2018 12:28pm
thanks Ron
welcome back
  • #3,735
  • Sep 19, 2018 12:29pm Sep 19, 2018 12:29pm
Quoting emmkwad
thanks Ron welcome back
You’re welcome emmkwad.

Thank you. Pls secured if you’re in profits. CAD news are everywhere now..
  • #3,736
  • Sep 19, 2018 12:35pm Sep 19, 2018 12:35pm
I don’t know whether you guys agreed. FX market is getting tougher each day to trade with all the noise from the market. I won’t be suprise market will crash like back then 2008 Lehman Brothers, probably this time could be worst. Hopefully it doesn’t happen in 2019- 2020.
  • #3,737
  • Sep 19, 2018 12:57pm Sep 19, 2018 12:57pm
Quoting Lacv
Hi All, As you can see I am new to this forum and as a newbie looking to gain valuable knowledge and grow alongside everyone here. I’ve just completed reading through the thread and would like to say thank you to Neil for opening the group, to Davit for his system and to Ron as well who went over and above and willingly shared his knowledge and progress with everyone. Personally I am interested in learning and mastering this method, and being able to share and give back like many of you guys have been doing. It is so discouraging to see how many...
Hello Lacy,
Well said, I am also new here, only a few days and have spent time going back through the threads to get a grasp of what is. I couldn't have written this better. I agree 100% the guys in this room are open and back up their trades with process. I haven't had an opportunity to interact yet but as I get more confident I will ask questions.
The guys in the thread are very helpful. Presently I feel more like the fish than the fisherman. Hopefully in time I will on the other side of the fishing pole.

Thanks to all of you
  • #3,738
  • Sep 19, 2018 1:01pm Sep 19, 2018 1:01pm
Quoting RonFXLive
I don’t know whether you guys agreed. FX market is getting tougher each day to trade with all the noise from the market. I won’t be suprise market will crash like back then 2008 Lehman Brothers, probably this time could be worst. Hopefully it doesn’t happen in 2019- 2020.
That's quite a bold thing to say. What makes you think it'll crash?
They predict the USD to crash in 07. It never happened.
  • #3,739
  • Sep 19, 2018 1:09pm Sep 19, 2018 1:09pm
Quoting Griff90
{quote} That's quite a bold thing to say. What makes you think it'll crash? They predict the USD to crash in 07. It never happened.
Yeah it’s just prediction.. got this information from a friend who works in the financial industry. We were taking about it and he shared with me this piece of information could be happen in 2020 or 2019. Probably just speculative news.
  • #3,740
  • Sep 19, 2018 1:28pm Sep 19, 2018 1:28pm
Quoting RonFXLive
{quote} Yeah it’s just prediction.. got this information from a friend who works in the financial industry. We were taking about it and he shared with me this piece of information could be happen in 2020 or 2019. Probably just speculative news.
Interesting! Let's hope it doesn't? Haha
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