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Weekly Pivot trading with TDI

  • #3,801
  • Sep 20, 2018 7:11am Sep 20, 2018 7:11am
Quoting RonFXLive
Hi traders, Will EURUSD breakout today at price 1.17330? Price Action trading could be very powerful. DXY ( Dollar Index ) falls to fresh monthly low. Next focus now on level 94.00. Check it out!! Good luck to all.
Looks like EURUSD definitely breached 1.7330 - seems like EUR is strong across the board...
  • #3,802
  • Sep 20, 2018 7:14am Sep 20, 2018 7:14am
Quoting Rjaws
{quote} Looks like EURUSD definitely breached 1.7330 - seems like EUR is strong across the board...

Yes it has been breached but still we must wait for a closed above 1.17330. As long as price is still above 1.17330 bullish momentum will be much stronger.
  • #3,803
  • Sep 20, 2018 7:14am Sep 20, 2018 7:14am
Quoting Rjaws
{quote} Looks like EURUSD definitely breached 1.7330 - seems like EUR is strong across the board...
watch pivots PA nothing special about 1730!
forces that move price are not fixated on single number! Its always been and will be a zone
Orders are pushed in increments in batches usually thus push price in waves in one or other way
single number importance is a myth however round numbers are important because that's where lot of traders place their stops or TP's
In trading, you have to be defensive and aggressive at the same time
  • #3,804
  • Sep 20, 2018 7:17am Sep 20, 2018 7:17am
Quoting Davit
{quote} watch pivots PA nothing special about 1730! forces that move price are not fixated on single number! Its always been and will be a zone
Davit.
  • #3,805
  • Sep 20, 2018 7:17am Sep 20, 2018 7:17am
Quoting RonFXLive
{quote} Thanks mate. That’s why I was asking you not to short first for EURUSD. Firstly DXY ( Dollar Index ) have drop to fresh monthly low. Dollar is weak. Now next level for DXY is 94.00. After my target have been hit then I will be solely looking at short trade for EU and GU. For EURUSD - I will be looking to short at price 1.18000 and target WP zone. Hope that help you mate.
yep, still no sign from PA mate
  • #3,806
  • Sep 20, 2018 7:19am Sep 20, 2018 7:19am
Quoting General Lee
{quote} yep, still no sign from PA mate
Watch Pivot level and PA mate.
  • #3,807
  • Sep 20, 2018 7:21am Sep 20, 2018 7:21am
Quoting RonFXLive
{quote} Watch Pivot level and PA mate.
yes i will mate,...
  • #3,808
  • Sep 20, 2018 7:23am Sep 20, 2018 7:23am
principles of pivots are most important on this thread.This is your roadmap

Follow up on a trend. EN sell the rallies applies provided PA agrees
Its not about 20pairs its about maximizing gains from few pairs that you follow.

My goal- GO long AJ NJ CJ after prices drop.This means follow with the main corrective trend which already has changed to bull
will not sell AJ NJ CJ let the MM do that.You decide follow trend or counter trade.Both work but I rather be on trend side
In trading, you have to be defensive and aggressive at the same time
  • #3,809
  • Sep 20, 2018 7:25am Sep 20, 2018 7:25am
yes i know that. alwasy watch PA at pivot zone...
  • #3,810
  • Sep 20, 2018 7:26am Sep 20, 2018 7:26am
Quoting Davit
principles of pivots are most important on this thread.This is your roadmap Follow up on a trend. EN sell the rallies applies provided PA agrees
Agreed with you totally on the trend part Davit.
  • #3,811
  • Sep 20, 2018 7:27am Sep 20, 2018 7:27am
Quoting Davit
{quote} watch pivots PA nothing special about 1730! forces that move price are not fixated on single number! Its always been and will be a zone Orders are pushed in increments in batches usually thus push price in waves in one or other way single number importance is a myth however round numbers are important because that's where lot of traders place their stops or TP's
I would say the options expiries may have an impact also. Big size is placed at these levels .

EUR/USD - Todays 3pm expiries

  1. 1.1545 588m
  2. 1.1600 1.2bn
  3. 1.1700 1.0bn
  4. 1.1730 639m
  5. 1.1800 657m

Tomorrow

EUR/USD

  1. 1.1625 EU amount 1.1bn
  2. 1.1700 1.3bn
  3. 1.1750 1.0bn

  • #3,812
  • Sep 20, 2018 7:30am Sep 20, 2018 7:30am
Quoting RonFXLive
{quote} Yes it has been breached but still we must wait for a closed above 1.17330. As long as price is still above 1.17330 bullish momentum will be much stronger.
You mean closed on a 1HR timeframe or higher?
  • #3,813
  • Sep 20, 2018 7:33am Sep 20, 2018 7:33am
to give you an idea this is chart on AJ
Clearly new trend is bull which means buy the dips
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYDaily.png Size: 46 KB
In trading, you have to be defensive and aggressive at the same time
  • #3,814
  • Sep 20, 2018 7:34am Sep 20, 2018 7:34am
thanks davit for your advice..
  • #3,815
  • Sep 20, 2018 7:36am Sep 20, 2018 7:36am
Quoting Davit
to give you an idea this is chart on AJ {image}
smart call Davit on this structure. Same chart as me on resistance turn support.
  • #3,816
  • Sep 20, 2018 7:38am Sep 20, 2018 7:38am
Quoting RonFXLive
{quote} smart call Davit on this structure. Same chart as me on resistance turn support.
Would be great if it falls to R38 love to hummer this with max lots.Need UJ to fall soon to push crosses down
In trading, you have to be defensive and aggressive at the same time
  • #3,817
  • Sep 20, 2018 7:40am Sep 20, 2018 7:40am
Quoting Davit
{quote} Would be great if it falls to R38 love to hummer this with max lots.Need UJ to fall soon to push crosses down
Yes Davit.. you’re right.. I’m waiting too. haha

Overall it’s still on the upside. Look at UJ.
  • #3,818
  • Sep 20, 2018 7:54am Sep 20, 2018 7:54am
Quoting Davit
to give you an idea this is chart on AJ Clearly new trend is bull which means buy the dips {image}

Hi guys,

Pls look at Davit’s image on AUDJPY. This should be the correct way to trade. It goes very well with
Support & Resistance with pivots zones. And this is how I traded too.

Pls learn how to trade this way. Overall trend is on the upside and we are only looking to buy at dip at the support.
  • #3,819
  • Sep 20, 2018 8:06am Sep 20, 2018 8:06am
Hi guys,

If we do not know how to trade counter trend. Stops will easily get hunt.. always look at the bigger picture for trend. This is important for entries at lower timeframe.

Good luck!
  • #3,820
  • Sep 20, 2018 8:41am Sep 20, 2018 8:41am
Pinbar on AU And forming DHLC on EU.
Both appeared at R78
Is it a sign of reversal?
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