Weekly Pivot trading with TDI | Page 205 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Converting Stoch Histogram, Auto Pivot and TDI into MT5 1 reply

TDI-ADX System (swing trading using TDI) 116 replies

Weekly Pivot to Pivot Trading 19 replies

The Pivot Net Revisited (Weekly Pivot Net) 41 replies

Easy Does It off the TDI indicator - EDI TDI 134 replies

Attachments: Weekly Pivot trading with TDI
Exit Attachments

Weekly Pivot trading with TDI

  • #4,081
  • Sep 27, 2018 3:39am Sep 27, 2018 3:39am
Quoting bubincka
{quote} Hi Kirinda, yes, I use my trade manager and I feel comfortable with 1:1 risk reward ratio. In this case case I've missed a nice piece of profit on UC, but sometimes I have to sleep! Another option could be to remove any preset TP and let trailing do its things. On another note I'm aware of risk related to CHF pairs so I tried to minimize my entries in these. Best regards, Bubincka
Hi, I think an 1:1 risk reward (rr) is good. If you have a good win rate with 1:1 rr (shall we say better than 70%) then you can have high position size without getting to big draw down. I use higher rr (around 1:2) but then I need to be more careful with position size because the win rate goes down and thereby the draw down will increase over time. The psychological effect by having high win rate and low draw down is also good.

Paal
  • #4,082
  • Sep 27, 2018 3:47am Sep 27, 2018 3:47am
Quoting Neil0163
{quote} Got in at 113.000 I got in before the news, Im more technical bias than fundamental I had a lot of confluence towards bear side as you seen. Some news I wait for some news I don’t it all depends what technical confluence I have. That’s the great thing about this system it can be incorporated around your own trading style as well as being traded davits way.
nice trade buddy
  • #4,083
  • Edited 5:08am Sep 27, 2018 4:03am | Edited 5:08am
Quoting sharingan9
{quote} Nice but this is a break of WPP long. that is not how the system is traded. Seems like we can post any kind of trade on this thread as long as we have the correct template lol. Your trades will confuse those that are new to the thread.
May I suggest that you observe the Master, Davit and note his development of his trading technique around the WPP. I take my lead from Davit.
It is still in accordance with using TDI levels, TDI overextended, TDI Hook Up or Down (1-2 O'clock, 4-6 O'clock), TDI Patterns, Angleator Arrows, where ADRH or ADRL are, ADR % and above all Price Action. Perhaps I should also add the development of key patterns in line with Elliott Wave (EW), Elliott Wave International (EWI). Davit has often referred to EW in his Posts. Price action in in waves!
My reasoning was that UC was completing a symmetrical Triangle in perhaps Wave 2? This worked out as I posted with the impulse Wave 3 action that followed.
Yes, Wave 2 is less probable to have a Symmetrical Triangle that is more common at Wave 4. Look at M30, H1 and H4.
If Wave 2 is a Symmetrical Triangle, Wave 4 has a higher probability of an ABC Correction. Look at UC now with an ABC Correction.
In accordance with Davit, I re-entered with 3 lots (now + 60 pips, Stop in place above entry in these situations) after the ABC Correction despite WR61 above. Look at H4, is there room to move higher? UC tends to turn at WR78-WR100 or WS78-WS100. Look at history on H4.

For your benefit please view Davit's Posts to study his trades around WPP.
Page 123 Post 2455
Page 181 Post 3615
Page 182 Post 3639, Post 3640
Page 183 Post 3642, Post 3643
Page 186 Post 3704
Page 196 Post 3907 - Selling at S61, S78, S100

Also note Bubincka's Post 4073 Page 204
Yes, Davit has clearly demonstrated trading around WPP.
Davit's Trades around WPP certainly should not confuse but extend the trading technique at WPP level, especially early in the week.
  • #4,084
  • Sep 27, 2018 6:06am Sep 27, 2018 6:06am
Watching USDCHF testing R61 level again.
ADR 5 day Average 52 - Current 61

TDI NOT turned
  • #4,085
  • Sep 27, 2018 7:34am Sep 27, 2018 7:34am
Eurchf is testing r100 for the 3rd time in 2 days... already pulled 130pips from it last time, contemplating hitting it again... although it getting close to breaking out of its downward trend so im not convinced and being the 3rd time it seems persistent- OBV is rising higher than previous 2 attempts so this could be the break... i think ill stay out of this one...
  • #4,086
  • Sep 27, 2018 7:43am Sep 27, 2018 7:43am
Quoting skippyone
Watching USDCHF testing R61 level again. ADR 5 day Average 52 - Current 61 TDI NOT turned
please don't make this thread stupid.I really dislike idiots who ignore sound advise then wonder why they were put on ignore!
Quoting Davit
Listen guys and I am going to say this last time CHF is inverse of Euro.Same set up is almost exactly on EU but there is a difference CHF -0.75 EU 0 Which is more expensive to trade against USD! That's -2.75 swap daily from your account vs 2.0 If you think this does not matter think again everything adds up.
In trading, you have to be defensive and aggressive at the same time
  • #4,087
  • Sep 27, 2018 7:46am Sep 27, 2018 7:46am
both of you should be removed from here for diluting this thread with stupidity.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 7 KB
In trading, you have to be defensive and aggressive at the same time
  • #4,088
  • Sep 27, 2018 7:48am Sep 27, 2018 7:48am
Hi guys
Draghi speaking soon and I suspect he will be extra dovish pushing E crosses down
My EG shorts are in nice healthy profits and 88 not ruled out.
In trading, you have to be defensive and aggressive at the same time
  • #4,089
  • Sep 27, 2018 7:52am Sep 27, 2018 7:52am
with Feds increasing the rate this becomes even more important

CHF is inverse of Euro.Same set up is almost exactly on EU but there is a difference

CHF -0.75
EU 0

Which is more expensive to trade against USD!

That's -3.00 swap daily from your account vs 2.25 If you think this does not matter think again everything adds up.
In trading, you have to be defensive and aggressive at the same time
  • #4,090
  • Sep 27, 2018 7:53am Sep 27, 2018 7:53am
AUDUSD - downward channel on the 4h and daily hit beautifully on pivot line.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 88 KB


EURGBP - Time was a major factor, price touched s38 but i missed the exit, looking to get out around there.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 101 KB
  • #4,091
  • Sep 27, 2018 8:05am Sep 27, 2018 8:05am
As ive made it onto davits ignore list i cannot message him. Would one of his buddies please give this message to him id appreciate it.

Hi Davit- please dont be frustrated with my posting- i had not seen your previous reference to the chf inverse relationship.

I have learned alot from reading your posts and found myself a much more profitable trader from that which I've learned from you.

So thankyou for teaching me to fish- i hope you can forgive me for my ignorance and remove me from your ignore list as i would love to continue engaging with you in your thread from time to time. I will make an effort to keep postings fewer and more relevant.

Best regards
  • #4,092
  • Sep 27, 2018 8:15am Sep 27, 2018 8:15am
Quoting Davit
both of you should be removed from here for diluting this thread with stupidity. {image}
I don't understand why you would use this language on a public forum . I respect your judgement but It is a major pair it has a central bank that sets interest rates , it does not always trade the inverse of the EUR and it also considered a risk averse currency. The swap size is about risk and position management.

The forum should set specific rules about posting. If you or Neil want to restrict to posting only on the pairs that are in the original list then make it a RULE. It currently isn't from what i have seen.
  • #4,093
  • Sep 27, 2018 8:16am Sep 27, 2018 8:16am
GC looking good for a short @ R61 ito structure and PA on H1.
I know GBP pairs are volatile and unpredictable at the moment but this setup looks good.
  • #4,094
  • Sep 27, 2018 8:19am Sep 27, 2018 8:19am
Quoting fxbarwise
GC looking good for a short @ R61 ito structure and PA on H1. I know GBP pairs are volatile and unpredictable at the moment but this setup looks good.
I have been trading this lately and making good money, not sure if its on the list but it respects the levels
life is a reflection of what we allow ourselves to see
  • #4,095
  • Sep 27, 2018 8:44am Sep 27, 2018 8:44am
Quoting fxbarwise
GC looking good for a short @ R61 ito structure and PA on H1. I know GBP pairs are volatile and unpredictable at the moment but this setup looks good.
yeah great setup there on PA....another opportunity to short there....it myt hit 38 and go down to 78. But am not trading it because i only take my trades at 61-100 (have a MM reason behind) if i miss it i dont chase. REMAINDER: I do not know for sure what will happen.

Sorry guys i dont use TDI i only use PA and Pivots and Fundamentals. Please dont ignore me.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 14 KB
Wait for the system to show you the trade!
  • #4,096
  • Sep 27, 2018 9:00am Sep 27, 2018 9:00am
UC looks interesting..

I really like this PA but this moment I decided not to short USD.

Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader 4 IC Markets.png Size: 74 KB


Engulfing and TDI crosses down.
(normally, I don't care TDI going to cross up or down but in this case TDI made me feel strongly confident.)
  • #4,097
  • Sep 27, 2018 10:09am Sep 27, 2018 10:09am
Quoting skippyone
{quote} I don't understand why you would use this language on a public forum . I respect your judgement but It is a major pair it has a central bank that sets interest rates , it does not always trade the inverse of the EUR and it also considered a risk averse currency. The swap size is about risk and position management. The forum should set specific rules about posting. If you or Neil want to restrict to posting only on the pairs that are in the original list then make it a RULE. It currently isn't from what i have seen.
Rules have been posted for several years already. They are all over...this thread and the original. However, if I were you I'd listen closely to what Davit, Ron, Neil, Husky, and a few who have been around, would say.

Then folks wonder why they get ignored or banned. Do your due diligence. Take responsibility...then you will know why sometimes one has to use that kind of language on a public forum.
Invest in Life
  • #4,098
  • Sep 27, 2018 10:17am Sep 27, 2018 10:17am
Very rare i trade eurchf ,only when i see some ''clear'' levels and signs,but even there i get fucked up and i MUST exit cos this pair is a pain in the ass thats for sure.
if youre new to this and to trading in general better avoid this pair, if you trade this pivots+PA method then for a while better focus on major and slow pairs as per Davit already said many times,he had a reason to say this. of course you can trade anything you want but then when you get wiped out just dont blame the method.
cheer up
Take what you can, give nothing back
  • #4,099
  • Sep 27, 2018 10:22am Sep 27, 2018 10:22am
Quoting cHerawit
UC looks interesting.. I really like this PA but this moment I decided not to short USD. {image} Engulfing and TDI crosses down. (normally, I don't care TDI going to cross up or down but in this case TDI made me feel strongly confident.)
Better not to touch that pair when two of the governors are going to speak in 5-6 hours .

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: 6758F3DB-88BD-4EC4-AB6A-C2E0540BA593.jpeg Size: 67 KB
How big can you think!
  • #4,100
  • Sep 27, 2018 10:24am Sep 27, 2018 10:24am
Quoting cHerawit
UC looks interesting.. I really like this PA but this moment I decided not to short USD. {image} Engulfing and TDI crosses down. (normally, I don't care TDI going to cross up or down but in this case TDI made me feel strongly confident.)
kkkkkkk TDI made you feel confident...please dont be offended by this, but

Firstly it is important to understand that TDI is simply painting what is happening at the chat...Actually the appearance of the Engulfing pattern on the 61 pivot should be the one giving you the much needed confidence. Reason being the 61 is a strong Potential Reversal Level.

Secondly the bull candle closed at 1.30731 while the bear candle opened at 1.30729 so we it did not engulf the bull candle.... and we cannot qualify that as bearish engulfing pattern at 61 pivot. Further check the long wicks on the bear bar...

Corrections welcome.
Wait for the system to show you the trade!
6 traders viewing now