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Weekly Pivot trading with TDI

  • #4,021
  • Sep 25, 2018 8:04am Sep 25, 2018 8:04am
Quoting bubincka
{quote} Looping through charts, EJ now at 133.04 a few pips below DR1 if it will reach WR61 it will completes AB=CD on daily, then a reversal possible ? {image}
Although this pair is one that Davit avoids because of its high volatility and ADR it is interesting to note that it is at MR78 (Monthly Pivot).
Note Possible Double Top from April 24, 2018.
Check Swing Highs/Lows on Monthly Pivot. MR or SR 78 appears a frequent turning point?
Look at History H4 or Daily with Weekly Pivot for Swing H/L's
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 9-251100.jpg Size: 181 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EJ 9-25 1111.jpg Size: 198 KB
  • #4,022
  • Sep 25, 2018 8:13am Sep 25, 2018 8:13am
Quoting Gmo
{quote} Although this pair is one that Davit avoids because of its high volatility and ADR it is interesting to note that it is at MR78 (Monthly Pivot). Note Possible Double Top from April 24, 2018. {image}
And this is another reason that increases the chances of a reversal. I'll monitor it during the next days.
Porta itineris dicitur longissima esse
  • #4,023
  • Sep 25, 2018 8:20am Sep 25, 2018 8:20am
Hi Sir Davit, hope i can learn your system but sad to know you erased it in page1.
  • #4,024
  • Sep 25, 2018 8:52am Sep 25, 2018 8:52am
Quoting vinz3316
Hi Sir Davit, hope i can learn your system but sad to know you erased it in page1.
I think you have missed first page of this topic. There is a pdf file in this file is everything you need. So I don't know what kind of first page do you search.
  • #4,025
  • Sep 25, 2018 10:35am Sep 25, 2018 10:35am
EG biggest position I have on this in Sept over 25positions.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #4,026
  • Sep 25, 2018 11:14am Sep 25, 2018 11:14am
inspiring thank you Davit !
  • #4,027
  • Sep 25, 2018 11:45am Sep 25, 2018 11:45am
Quoting Davit
EG biggest position I have on this in Sept over 25positions. {image}
Davit, thank you for your post. You carried some of your trades through Draghi but added on at WPP. Brilliant!
My EG trades yesterday. Exited just before Draghi spoke.
Attached Image (click to enlarge)
Click to Enlarge Name: EG 9-24 0925.jpg Size: 170 KB
  • #4,028
  • Edited 1:48pm Sep 25, 2018 1:35pm | Edited 1:48pm
Taking you a stage further in our system!!!!!

UJ
One to watch
look at confluence previous structure
161.8 Fib extension
188.6 Fib inversion
R61 level
TDI is approaching "overbought" (I don't really agree with OB/OS levels as such) but its due to reverse.
113.000 even handle.
Target WP- then S38 notice how this weeks S38 comes into previous level of structure.
Potential for 123 pip trade based on one entry.
And the harmonic pattern which should complete at 161.8 extension
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: uj.png Size: 172 KB
  • #4,029
  • Sep 25, 2018 1:43pm Sep 25, 2018 1:43pm
Well the EC trade worked and bounced off r100 despite it being a not recommended to trade pair... i think alot of these levels were seeing now are in anticipation of the fed.
Theres no doubt we will see new ground broken if we get a dovish surprise- and i dont like surprises i i think ill stay out of the USD pairs until its over...
  • #4,030
  • Sep 25, 2018 3:15pm Sep 25, 2018 3:15pm
Quoting Husky77
{quote} I wonder at what pivot you're looking ... this pairs are playing range around DO and pivot and you saw in stars : ''Everything is set for the pairs to roll down'' at least keep it for you and don't confuse others...
Quoting RonFXLive
{quote} Hi Victor, Let me explain the chart a little. AUDJPY - Pair are above WP and DO, rejected 3 times at DO, there was a bounce at H1 support at 81.380. Moving up strongly. My view overall it’s still a bullish setup. Unless price break below 81.380. AUDUSD - Resistance turn Support at price 72.280. Above WP level. Level to watch for support at price 72.280. If it breaks below than short looks more convincing to me if not I’m still bullish for this pair. Hope that helps you to decide your trades for these 2 pairs. Good luck ahead! ...

Thanks Husky77 and RonFxLive for your response.

The bearish pin bar on the AUDJPY was a major determinant in my price prediction

Thanks as I have made a decision to observe closely
  • #4,031
  • Sep 25, 2018 10:17pm Sep 25, 2018 10:17pm
Quoting Davit
EG biggest position I have on this in Sept over 25positions. {image}
well done Davit.
  • #4,032
  • Sep 25, 2018 11:09pm Sep 25, 2018 11:09pm
Hello guys,

It’s a difficult week to trade with Trump speaking at UN, Brexit uncertainty, Italy Budget, FOMC and NZD Rates Decision. Choppy price action all over the place..

Trade with care guys.
Good luck!
  • #4,033
  • Sep 26, 2018 12:01am Sep 26, 2018 12:01am
Quoting sharingan9
Eurnzd looks tempting
Attached Image (click to enlarge)
Click to Enlarge Name: PTC57.PNG Size: 161 KB


Nice win on EURNZD. Notice WPP this week is the first lower WPP after 4 weeks of higher WPP in a row. I patiently wait for this lower PP and then I look for short opportunities with pivots, s/r and PA. Those that sold EURNZD in the previous 4 weeks may have gotten burned bad by the consecutive WPP rises uptrend UNLESS they had good price action skills and new when to get in and get out. I waited patiently for the WPP to drop lower so I know it safe for shorts. Look for entry at pivot with structure or trendline, and start building a case for a short. I know there are a alot of people who are taking trades against these big weekly trends and are getting beat because they do not want to admit that they do not have the PA skills to countertrend trade effectively. If you do not have the PA skills to trade countertrend I recommend not trading counter the trend of recent weeks and trade with the recent weeks trend trend. Done for the week and month. Looking forward to October
  • #4,034
  • Sep 26, 2018 12:33am Sep 26, 2018 12:33am
Quoting Davit
EG biggest position I have on this in Sept over 25positions. {image}
Compliments! I too have a short position, but I see that you have greatly increased open positions. This means that you had a certain confidence with this trade, probably you had your good reasons. A good trader must also know how to evaluate the risk for each trade and maximize profits when market conditions are favorable (or reducing risk when are uncertain). If you do not mind, can you explain to me what these conditions were? The PA, the economic fundamentals (a strong pound?), your instinct and experience?
Trade What's Happening... Not What You Think Is Gonna Happen
  • #4,035
  • Sep 26, 2018 12:35am Sep 26, 2018 12:35am
Yeah - ill second that... gotta be ballsy to trade the GBP pairs lately!
  • #4,036
  • Sep 26, 2018 12:49am Sep 26, 2018 12:49am
Quoting ToddyS2K
{quote} Compliments! I too have a short position, but I see that you have greatly increased open positions. This means that you had a certain confidence with this trade, probably you had your good reasons. A good trader must also know how to evaluate the risk for each trade and maximize profits when market conditions are favorable (or reducing risk when are uncertain). If you do not mind, can you explain to me what these conditions were? The PA, the economic fundamentals (a strong pound?), your instinct and experience?
He entered short last week.so, You could see the reasons.
(At r38 and fundamentals) unfortunately, May spoke about Brexit prices go to r100 and at the end of 1 hour candle PA appeared. I think that why he add positions. I had entered too but at r100 after PA appeared.

But I closed positions toooo early, really worry about Brexit.
  • #4,037
  • Sep 26, 2018 1:58am Sep 26, 2018 1:58am
I short on the USDJPY yesterday, maybe it was too early.

Its trying to break an ascending trendline on the 1hr and 4hr, but has not closed below so far.

On the daily screenshot I posted earlier, I had 2x trendlines. Its gone above the lower one and closed above it.

Here's the screenshot from the other day.
https://www.forexfactory.com/attachm...7&d=1537825622
  • #4,038
  • Sep 26, 2018 2:11am Sep 26, 2018 2:11am
Quoting RonFXLive
Hello guys, It’s a difficult week to trade with Trump speaking at UN, Brexit uncertainty, Italy Budget, FOMC and NZD Rates Decision. Choppy price action all over the place.. Trade with care guys. Good luck!
Yes Ron,

there is not much to do.
I'm watching trades I entered last week going nowhere, like my UC long. Since later there will be Oil Inventories and more important FED decision & statement I'm undecided if hold on or exit before news.
Attached Image (click to enlarge)
Click to Enlarge Name: UC_TRADE.jpg Size: 140 KB
Porta itineris dicitur longissima esse
  • #4,039
  • Sep 26, 2018 2:15am Sep 26, 2018 2:15am
Quoting Onlinepips
I short on the USDJPY yesterday, maybe it was too early. Its trying to break an ascending trendline on the 1hr and 4hr, but has not closed below so far. On the daily screenshot I posted earlier, I had 2x trendlines. Its gone above the lower one and closed above it. Here's the screenshot from the other day. https://www.forexfactory.com/attachm...7&d=1537825622
Yeah, I'm waiting for it to get to R61 and take it from there.
  • #4,040
  • Sep 26, 2018 2:23am Sep 26, 2018 2:23am
Quoting bubincka
{quote} Yes Ron, there is not much to do. I'm watching trades I entered last week going nowhere, like my UC long. Since later there will be Oil Inventories and more important FED decision & statement I'm undecided if hold on or exit before news. {image}

Nice trade there Bubincka,

My personal view is that try to watch the WP level cos it has been hovering below WP level since yesterday and I strongly think that price will dip back down to
1.28500 - 1.28000 before buyers comes in to that level. Indeed I’m bearish after all.. and bearish trend is still intact.

For your case is that, If price dip below 1.29400, my advice is to manual closed it with profits and wait for a better setup after FOMC.

PS : Rejection Price will be at 1.29600 - 1.29700

Hope that will help you to decide your trade.

Happy trading!
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