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Weekly Pivot trading with TDI

  • #4,161
  • Sep 28, 2018 2:52am Sep 28, 2018 2:52am
Quoting 1pipperhour
{quote} But what about 7,5 months? {image}
well market is dynamic,things can change in a minute,you just ''need'' a flash crash and thats it LOL
on the other note your numbers looks... more than decent. Holidays will be good this year i guess
Take what you can, give nothing back
  • #4,162
  • Sep 28, 2018 3:02am Sep 28, 2018 3:02am
Quoting kirinda
{quote} Hi ejiexe, do you trade only after news? Regards Paal
Those who short EU aiming WS61 from Monday and Wednesday are the same. The essence of the new
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #4,163
  • Sep 28, 2018 3:03am Sep 28, 2018 3:03am
Quoting Husky77
{quote} well market is dynamic,things can change in a minute,you just ''need'' a flash crash and thats it LOL on the other note your numbers looks... more than decent. Holidays will be good this year i guess
Had to increase trade size a bit, can't reach 10% a month with the same size when account is growing. Especially satisfied with the max DD this month which was 0,98% only.
  • #4,164
  • Sep 28, 2018 3:37am Sep 28, 2018 3:37am
Watching USDJPY, it just touched nine-months high and now trading between WR78 and WR100 a shooting star could begin to form on D1 while we have a BEOB and a double top on H4. If PA can't break above WR100 we can begin to think shorting it.
Attached Image(s) (click to enlarge)
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Porta itineris dicitur longissima esse
  • #4,165
  • Sep 28, 2018 3:39am Sep 28, 2018 3:39am
Hello everybody!

This one is for the new traders, see:

I am 30 years old and a very hard learner. I've been trading for 8 years, if i do not count the in's and out's. (Frankly lot more out of market times, however trading was in my mind all the time) - i experienced all. I made all the errors what a trader could make, and i never had the money to risk without massive impact on my life. (even 300 usd meant a lot)
I started with Nial Fuller, then a lot of systems. I was looking for the easy system, the holy grail.
I failed continuously, however i did not notice at the time i learnt a lot. Once i found Davit's original thread i felt that is it! I was wrong. I did not blame the method, but somehow it did not work for me. At this time i watched Mark Dougles videos a lot - thanks to Davit.
After that i learned a lot from Tom Dante and about level trading, pure price action, supply&demand.

I started to see gains and i become successfull with level trading. I was lurking around the Pivot thread and i thought i should try this again, now with a lot more inclusion. I realized that i never understood the whole thing as a whole.

- This is advanced trading. IT IS! Just because the market hit the pivot it does not mean it have to respect it all the time. You must be aware of supply&demand at the pivot zones. I think this is contradictory, actually, you have to be profitable to profit from this system.

- Money management is the key, you think you understand that, but believe me, you do not. Watch Mark Douglas. There is no 100% trade. I just realized that after blowing accounts without a single "bad" trade. How is that possible? Tight stop loss/no stop loss. (SL hunting, liquidity pools etc)

For all the haters: you should turn your focus from hating to actually learn this whole thing. If you cant see the value here, it only means that you are not ready.
I do not say that this system is the holy grail, but i do say, this is a very powerful framework if you are able to use it correctly.

I am sure there are people who can achieve success in a shorter term than me. Good for them. If you are not there yet, decide it this whole thing worth it, and grind towards your goals. Just in life. Good luck!

As a lot of members said, just my 2 cents.

Thank you Davit for the whole thing and thank those who are keeping this thread alive.

Cheers.
  • #4,166
  • Sep 28, 2018 3:58am Sep 28, 2018 3:58am
And an example how do i trade.

Eurusd -- see the picture, sorry it is quit hard to figure it out what is what
=====
-only mid impact from news.
-level "broken", it will proably retest it (or not).
-uptrend.
-pivot.
-friday, usually there is a pullback.
no focus on adr this time.

I enter the trade at the "trigger" with a smaller lot, as it break trough the mid levels i add more and more. Also i consider the PA near the levels.
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  • #4,167
  • Sep 28, 2018 4:02am Sep 28, 2018 4:02am
focused more than usual on cable this week due to certain reasons ,getting ready to exit some and enjoy the weekend
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Take what you can, give nothing back
  • #4,168
  • Sep 28, 2018 4:07am Sep 28, 2018 4:07am
Quoting bubincka
Watching USDJPY, it just touched nine-months high and now trading between WR78 and WR100 a shooting star could begin to form on D1 while we have a BEOB and a double top on H4. If PA can't break above WR100 we can begin to think shorting it. {image} {image}
Too early) Better wait for complete formed candle. I hold my long position still
  • #4,169
  • Sep 28, 2018 4:20am Sep 28, 2018 4:20am
Quoting Thomas88
And an example how do i trade. Eurusd -- see the picture, sorry it is quit hard to figure it out what is what ===== -only mid impact from news. -level "broken", it will proably retest it (or not). -uptrend. -pivot. -friday, usually there is a pullback. no focus on adr this time. I enter the trade at the "trigger" with a smaller lot, as it break trough the mid levels i add more and more. Also i consider the PA near the levels. {image}
Hi Thomas, you have little difference in pivots level from me (that is okay). The red trigger line is it ws61?

Regards

Paal
  • #4,170
  • Sep 28, 2018 4:22am Sep 28, 2018 4:22am
Quoting Gmo
{quote} 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...
Davits doesnt enter on triangle breaks of WPP. He trades bounces but whatever works for you bro. Many green pips
  • #4,171
  • Sep 28, 2018 4:42am Sep 28, 2018 4:42am
Quoting kirinda
{quote} Hi Thomas, you have little difference in pivots level from me (that is okay). The red trigger line is it ws61? Regards Paal
Hi Paal!

The red one is the 786, the green is the 61, the wide white is the wpp.

Cheers

Tom
  • #4,172
  • Sep 28, 2018 4:43am Sep 28, 2018 4:43am
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.

You should have held on to EURCAD buddy hahaha what a drop. Look at the WPP in previous weeks. WPP went up 3 weeks in a row, then first WPP dropped lower, once that happens it is saying it is a good time to sell so you wait for good levels to trade like the one highlighted in blue rectangle. Price did not hit the level last week so you wait for this week and you get a second lower WPP and this time price hits the level so safe for a short. Huge move you missed out on but you will have more confidence to hold the trade longer if you know that it s still bearish environment because it is a lower WPP. However, after the first 2 lower WPPs if price did not ht your level I would not trade the pair because if you try to short a pair that has 3 lower WPPs in a row, it may be too late too enter and you may have missed the move and entered too late.

I hope you got back in EURCAD. If not at least you got some profit. I missed this whole trade because I was busy with other projects haha

Attached Image (click to enlarge)
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EURAUD also same set up. Dont get run over by the uptrend. let the pivots and price show you a bearish environment before shorting
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  • #4,173
  • Sep 28, 2018 4:49am Sep 28, 2018 4:49am
Quoting antisystem
{quote} Too early) Better wait for complete formed candle. I hold my long position still
Hi antisystem, no position taken yet ! H4 candle closed as BEOB and double top, for daily we'll see. Anyway I'm not going to short this pair soon at least until it will break below daily open and even better WR78-
Porta itineris dicitur longissima esse
  • #4,174
  • Sep 28, 2018 4:52am Sep 28, 2018 4:52am
Heads up

UsdChf will go ballistic IMO

IF it stays below 0.97525 for 8 minutes
  • #4,175
  • Sep 28, 2018 4:55am Sep 28, 2018 4:55am
Quoting Husky77
focused more than usual on cable this week due to certain reasons ,getting ready to exit some and enjoy the weekend {image} {image} {image}
Hie Husky

Saw the indi below on your charts. May you share if possible.
Attached Image
Wait for the system to show you the trade!
  • #4,176
  • Edited 5:17am Sep 28, 2018 5:02am | Edited 5:17am
Quoting MrDevisen
{quote} Hie Husky Saw the indi below on your charts. May you share if possible. {image}
search ''hitman'' here on ff
i use it for big price visual when i stay a bit far from screen ,adr and spread ONLY.
bellow is mn ShowPrd indi ,find here
Take what you can, give nothing back
  • #4,177
  • Edited 5:58am Sep 28, 2018 5:08am | Edited 5:58am
Quoting sharingan9
{quote} You should have held on to EURCAD buddy hahaha what a drop. Look at the WPP in previous weeks. WPP went up 3 weeks in a row, then first WPP dropped lower, once that happens it is saying it is a good time to sell so you wait for good levels to trade like the one highlighted in blue rectangle. Price did not hit the level last week so you wait for this week and you get a second lower WPP and this time price hits the level so safe for a short. Huge move you missed out on but you will have more confidence to hold the trade longer if
you know...
Thanks sharingan9,
I just took 20-25 pips like I said i really don’t like breaking news and hope this guy went back for reloading but Draghi was going to speak soon. So, I decided not take the risk.

trading psychology really take time. haha



  • #4,178
  • Sep 28, 2018 5:13am Sep 28, 2018 5:13am
short UJ. It maybe too early :
Attached Image (click to enlarge)
Click to Enlarge Name: uj.png Size: 58 KB
1 see confirmation till the end 2. set SL and never cancel it
  • #4,179
  • Sep 28, 2018 5:46am Sep 28, 2018 5:46am
Quoting bubincka
{quote} Hi antisystem, no position taken yet ! H4 candle closed as BEOB and double top, for daily we'll see. Anyway I'm not going to short this pair soon at least until it will break below daily open and even better WR78-
I don't see BEOB on UJ. Candle should engulf previous one (open/close) to be considered as BEOB, shouldn't it?
  • #4,180
  • Sep 28, 2018 5:53am Sep 28, 2018 5:53am
Quoting Thomas88
{quote} Hi Paal! The red one is the 786, the green is the 61, the wide white is the wpp. Cheers Tom
it's clear now
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