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Weekly Pivot trading with TDI

  • #4,381
  • Oct 4, 2018 6:38am Oct 4, 2018 6:38am
Patience I think is one of the most important attributes to exhibit to be successful in trading - to restrain yourself not to enter a trade before your setup is not fully complete. If you struggle with this you will trade what you want to see instead of trading what you see.
  • #4,382
  • Oct 4, 2018 6:44am Oct 4, 2018 6:44am
Quoting fxbarwise
Patience I think is one of the most important attributes to exhibit to be successful in trading - to restrain yourself not to enter a trade before your setup is not fully complete. If you struggle with this you will trade what you want to see instead of trading what you see.
That is very very correct !
  • #4,383
  • Oct 4, 2018 6:54am Oct 4, 2018 6:54am
Looking at PA on EU it is looking more and more like a candidate for a long position...
  • #4,384
  • Oct 4, 2018 7:02am Oct 4, 2018 7:02am
gbp/ cad bounce trade it will be up
regards
  • #4,385
  • Oct 4, 2018 7:15am Oct 4, 2018 7:15am
Quoting fxbarwise
Looking at PA on EU it is looking more and more like a candidate for a long position...
Yes it does look like it as lower TF have successful bullish setups. However it need to be confirmed in the higher TF for a more lasting upswing. Right now its still bearish on H1. Hope the upchannel on M5 will BO upwards - for those bullish
  • #4,386
  • Oct 4, 2018 7:24am Oct 4, 2018 7:24am
Have started to take some short entries on GBP/AUD based on price action at R100, on lower timeframes, and completion of a bearish bat harmonic pattern.
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  • #4,387
  • Oct 4, 2018 7:28am Oct 4, 2018 7:28am
UCHF at r78 level maybe price reversal about to happen just waiting for confirmation
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  • #4,388
  • Oct 4, 2018 7:31am Oct 4, 2018 7:31am
Quoting ToddyS2K
I added some indicators on the volumes to the standard template (Davit forgive me for this) to make you understand when the Pivots points "seem" do not work. In this case, an accumulation phase (warehouse filling) and a distribution phase (inventory sale) are evident. This happens often and before going against the trend of the market makers it is always better to observe the PA carefully and eventually exploit it in our favor. {image}
From Todd to Toddy. Whilst i think your analysis has some validity in this market for 2 reasons i wouldn't use this is my trading system. 1 don't consider this a liquid market as it is a cross and not a major and 2 how can you be sure this takes into all the volume traded on the fx market. There are multiple venues - exchanges where these volumes aren't reported into your system - 1.futures volume and one of the biggest markets i.e OTC market is not reported here at all.

There are more liquid pairs to trade where you can understand the fundamentals more. In this case you have to know GBPUSD , AUDUSD and variations of this to understand and trade this market.

As you say price action is the driver and that is why this system should be kept very simple.
  • #4,389
  • Oct 4, 2018 7:34am Oct 4, 2018 7:34am
If someone uses Esignal and needs Pivot Point he can ask me and I will send to him

Example
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  • #4,390
  • Oct 4, 2018 7:53am Oct 4, 2018 7:53am
Quoting syedtaimur
UCHF at r78 level maybe price reversal about to happen just waiting for confirmation {image}
That What I see at CHF Pivot Point :
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  • #4,391
  • Oct 4, 2018 7:54am Oct 4, 2018 7:54am
Quoting Trade-G
{quote} Yes it does look like it as lower TF have successful bullish setups. However it need to be confirmed in the higher TF for a more lasting upswing. Right now its still bearish on H1. Hope the upchannel on M5 will BO upwards - for those bullish
EU looks bullish to me on H1 - just waiting for new candle for confirmation on long.
  • #4,392
  • Oct 4, 2018 8:06am Oct 4, 2018 8:06am
Remember this is the one davit said to watch for short - look at PA now;
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  • #4,393
  • Oct 4, 2018 8:18am Oct 4, 2018 8:18am
Quoting groper
Remember this is the one davit said to watch for short - look at PA now; {image} {image}
I am still long on this mate - hope it breaks R61, that would be a handsome profit for me :-)
  • #4,394
  • Oct 4, 2018 8:21am Oct 4, 2018 8:21am
UJ being rejected from long term support with PA to confirm;
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  • #4,395
  • Oct 4, 2018 8:26am Oct 4, 2018 8:26am
Quoting groper
UJ being rejected from long term support with PA to confirm; {image} {image}
yes that would be a nice catch, i am already short on UJ
  • #4,396
  • Oct 4, 2018 8:45am Oct 4, 2018 8:45am
Still short on AJ - in nice profit...
  • #4,397
  • Oct 4, 2018 8:46am Oct 4, 2018 8:46am
Quoting fxbarwise
{quote} I am still long on this mate - hope it breaks R61, that would be a handsome profit for me :-)
you might be right - its also breaking out of downward trend line so wait and see before adding more
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  • #4,398
  • Oct 4, 2018 9:12am Oct 4, 2018 9:12am
Why have almost everybody who post a screen different Template?

and different colors?
;-)
  • #4,399
  • Oct 4, 2018 9:31am Oct 4, 2018 9:31am
Quoting NLtrader
Why have almost everybody who post a screen different Template? and different colors? ;-)
color doesnt matter but template should be same...in davit's template there is no need to add other indicators
  • #4,400
  • Oct 4, 2018 9:32am Oct 4, 2018 9:32am
Quoting ToddyS2K
I added some indicators on the volumes to the standard template (Davit forgive me for this) to make you understand when the Pivots points "seem" do not work. In this case, an accumulation phase (warehouse filling) and a distribution phase (inventory sale) are evident. This happens often and before going against the trend of the market makers it is always better to observe the PA carefully and eventually exploit it in our favor. {image}
Hey, that's pretty cool. What kind of indicator is that if you don't mind me asking?
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