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Weekly Pivot trading with TDI

  • #4,121
  • Sep 27, 2018 11:32am Sep 27, 2018 11:32am
Quoting RonFXLive
{quote} Hey bro, Is ok I have my losing trases too.. it will definitely be better next week. Cheer up. It normal to have losing trades and it is not normal not to have any losing trades. Too much speeches going on this week!
Bro thanks! I have to regroup! See you next week!
  • #4,122
  • Sep 27, 2018 11:33am Sep 27, 2018 11:33am
Quoting cHerawit
{quote} may be you overtrade (me too ). Davit suggested about this somewhere on this thread. but you might see how Bunibcka, Tamroofer, Swede trade. I think they're good trader.
That’s possible too. I trade a lot. I used to be more selective in trading than now. Thanks!
  • #4,123
  • Sep 27, 2018 11:34am Sep 27, 2018 11:34am
To all and to myself!!!

When I put on a trade, all I expect is that something will happen.
Regardless of how good I think my edge is, I expect nothing more than for the market to move or to express itself in some way. However, there are some things that I do know for sure.
I know that based on the markets past behavior, the odds of it moving in the direction of my trade are good or acceptable, at least in relationship to how much I am willing to spend to find out if it does. I also know before getting into a trade how much I am willing to let the market move against my position. There is always a point at which the odds of success are greatly diminished in relation to the profit potential. At that point, it's not worth spending any more money to find out if the trade is going to work. If the market reaches that point, I know without any doubt, hesitation, or internal conflict that I will exit the trade.
The loss doesn't create any emotional damage, because I don't interpret the experience negatively. To me, losses are simply the cost of doing business or the amount of money I need to spend to make myself available for the winning trades. If, on the other hand, the trade turns out to be a winner, in most cases I know for sure at what point I am going to take my profits. (If I don't know for sure, I certainly have a veiy good idea.) The best traders are in the "now moment" because there's no stress. There's no stress because there's nothing at risk other than the amount of money they are willing to spend on a trade. They are not trying to be right or trying to avoid being wrong; neither are they trying to prove anything. If and when the market tells them that their edges aren't working or that it's time to take profits, their minds do nothing to block this information. They completely accept what the market is offering them, and they wait for the next edge.
If the market is offering you a legitimate edge, determine the risk and take the trade.
  • #4,124
  • Sep 27, 2018 11:45am Sep 27, 2018 11:45am
Hello to everyone.

Any suggestions on UJ, yen pairs have been somewhat stingy and behaving in the most irregular way possible. I see it approaching R3 on H4 at around 113.600 current price is 113.42...ish is dollar too strong for any ideas of shorts.


Thanks and this week has been horrible for me too but we live and learn, I have learned that Fundamentals aren't for me. Rather I stay on the sidelines.
  • #4,125
  • Sep 27, 2018 11:48am Sep 27, 2018 11:48am
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  • #4,126
  • Sep 27, 2018 12:01pm Sep 27, 2018 12:01pm
Quoting TamiMurakami
Hello to everyone. Any suggestions on UJ, yen pairs have been somewhat stingy and behaving in the most irregular way possible. I see it approaching R3 on H4 at around 113.600 current price is 113.42...ish is dollar too strong for any ideas of shorts. Thanks and this week has been horrible for me too but we live and learn, I have learned that Fundamentals aren't for me. Rather I stay on the sidelines.
If Fundamentals aren't for you, sorry this business is not for you. The trading business is fundamentals, technicals, money management, momentum (timing), intermarket correlations, discipline and every detail make the difference. This is why 95% retail fails. Some times markets seems don't works (don't respect S/R) is simply: some times the investments funds simply buy or sell one currency without take care about the charts.

This business is simply NOT EASY.
Trade What's Happening... Not What You Think Is Gonna Happen
  • #4,127
  • Sep 27, 2018 12:10pm Sep 27, 2018 12:10pm
Quoting ToddyS2K
{quote} If Fundamentals aren't for you, sorry this business is not for you. The trading business is fundamentals, technicals, money management, momentum (timing), intermarket correlations, discipline and every detail make the difference. This is why 95% retail fails. Some times markets seems don't works (don't respect S/R) is simply: some times the investments funds simply buy or sell one currency without take care about the charts. This business is simply NOT EASY.

By "not good with fundamentals " I meant trading them. I am very familiar with how the market contains of various forms of aspects that contribute to the trader and the market itself. I personally just fell, within the spectrum of what you have mentioned above, trading news isn't part of my ammo. But i do appreciate your response. Thanks
  • #4,128
  • Sep 27, 2018 12:25pm Sep 27, 2018 12:25pm
Quoting RonFXLive
Hello guys, How’s everyone trading so far for this tough week? We will have Italy Budget Meeting later on so becareful of your EUR trades.
Been destroyed..
  • #4,129
  • Sep 27, 2018 12:29pm Sep 27, 2018 12:29pm
Quoting Gmo
{quote}............ 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. ..................
Tagged ADRH +60 pips.
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  • #4,130
  • Sep 27, 2018 1:05pm Sep 27, 2018 1:05pm
So far I have been way off on UJ this month. However my AU favorite pair continues to be just that.
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Invest in Life
  • #4,131
  • Sep 27, 2018 1:06pm Sep 27, 2018 1:06pm
Hi guys
I have stated I like to see at least 2yrs minimum trading experience and when one posts and says I didn't know Euro CHF correlations then seriously this thread is out of your league.

About trading psychology its important and takes time.You can fake PA ,Fundamentals but you can't fake why you took 10pip profit when it should of been 50-100pip and why you impulsivity got in a trade when you should have waited longer.
Its not easy but be hopeful you'll get there.From Painting experience I have ruined 10 paintings before getting a great one and learned great deal from ruin ones and honestly could not have ARRIVED at great painting had I not ruined many before.Don't beat yourself.On clipboard there is Davits Philosophy and there is great chapter about forgiveness.Read it its a good one
Still short on EG in massive profit
EN in good profit
EA in good profit
UJ in red but not critical needs time
In trading, you have to be defensive and aggressive at the same time
  • #4,132
  • Sep 27, 2018 1:09pm Sep 27, 2018 1:09pm
Quoting Davit
Hi guys I have stated I like to see at least 2yrs minimum trading experience and when one posts and says I didn't know Euro CHF correlations then seriously this thread is out of your league. About trading psychology its important and takes time.You can fake it PA Fundamentals but you can't fake why you took 10pip profit when it should of been 50-100pip and why you impulsivity got in a trade when you should have waited longer. Its not easy but be hopeful you'll get there. Still short on EG in massive profit EN in good profit EA in good profit UJ...
Glad you have been posting regularly. I couldn't stay away...not if you're still around.
Invest in Life
  • #4,133
  • Sep 27, 2018 1:18pm Sep 27, 2018 1:18pm
Quoting Griff90
{quote} Been destroyed..
take time off and analyze why so.reduce lot sizes and build confidence slowly.Don't try getting all in trying to get your losses back quickly that's a precept for disaster.
measure success in quarters like any other business and this is a business.When I get a bad week I look ahead saying I have 8 more weeks to outperform instead of looking at that losing week.
Try not get fixated on losses. In motorcycling its called target fixation majority of accidents occur when rider is staring an object trying to avoid hitting and result is you go where you look.Trick is to look at the exit not the object you are trying to avoid hitting.
In trading look at your performance from greater distance.

Look where the rider is looking
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In trading, you have to be defensive and aggressive at the same time
  • #4,134
  • Sep 27, 2018 1:54pm Sep 27, 2018 1:54pm
Quoting RonFXLive
Hello guys, How’s everyone trading so far for this tough week? We will have Italy Budget Meeting later on so becareful of your EUR trades.
Hi, Ron.
It seems, that slowly but I begin to understand the system)
EU
Price bounced from R61, initial target was WPP. This week with new levels I moved my TP to S38. Left small part with open TP & BE.
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AU
The same thing as on EU. Bounce from levels, held positions over weekend. TP on S38, small part with open TP. SL approximately locked overall DD in BE.
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Also have shorts on GU but I don't think they fully meet Davit's method. It's like reload on pullback, that Davit mentions sometime)
  • #4,135
  • Sep 27, 2018 2:08pm Sep 27, 2018 2:08pm
Quoting Griff90
{quote} Been destroyed..
Why? Over traded? What pairs?
  • #4,136
  • Sep 27, 2018 2:09pm Sep 27, 2018 2:09pm
Quoting Davit
Hi guys I have stated I like to see at least 2yrs minimum trading experience and when one posts and says I didn't know Euro CHF correlations then seriously this thread is out of your league. About trading psychology its important and takes time.You can fake PA ,Fundamentals but you can't fake why you took 10pip profit when it should of been 50-100pip and why you impulsivity got in a trade when you should have waited longer. Its not easy but be hopeful you'll get there.From Painting experience I have ruined 10 paintings before getting a great one...
I hear your message loud and clear! Thanks a lot. Good to see you still here brother!!!
  • #4,137
  • Sep 27, 2018 2:14pm Sep 27, 2018 2:14pm
Quoting antisystem
{quote} Hi, Ron. It seems, that slowly but I begin to understand the system) EU Price bounced from R61, initial target was WPP. This week with new levels I moved my TP to S38. Left small part with open TP & BE. {image} AU The same thing as on EU. Bounce from levels, held positions over weekend. TP on S38, small part with open TP. SL approximately locked overall DD in BE. {image} Also have shorts on GU but I don't think they fully meet Davit's method. It's like reload on pullback, that Davit mentions sometime)

Hi Antisystem,

First of all well done on your chart set up.

Let me give you a little insight of EURUSD, GBPUSD and AUDUSD.

As mention on my previous post on AUDUSD which is price below 0.72280 will look more convincing to me to short the pair. Which I did a short trade. Now having nice profits.

As for EURUSD, I have also short this pair at price 1.174ish area.

As for GBPUSD and NZDUSD I have also short this pair.

Overall nice profits and locked.

Cheers.
Ron.
  • #4,138
  • Sep 27, 2018 2:27pm Sep 27, 2018 2:27pm
Hi guys,

It’s important to know where is the directions you’re heading to.

Look at your DXY chart if you have traded USD pairs.
It’s approaching 95.00 which is now at 94.50..

It’s already broke out from my wedge pattern in Daily chart.

Plan your trades!!

Good luck & good night.
Ron.
  • #4,139
  • Sep 27, 2018 2:39pm Sep 27, 2018 2:39pm
Special thanks to Davit and RonFXlive, I have been studying the DXY and discovered that it can be charted with Davit 's system to tell me if the dollar is weak or not against other currencies especially EU. May the pips be with you.
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  • #4,140
  • Edited 3:26pm Sep 27, 2018 2:56pm | Edited 3:26pm
Patience to wait for great setup is easier but patience to wait for trade to develop is a greatest challenge which I am overcoming gradually.
Thanks Buddies
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
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