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Weekly Pivot trading with TDI

  • #4,441
  • Oct 4, 2018 9:17pm Oct 4, 2018 9:17pm
Quoting groper
{quote} Classic head fake on the AU... A and N just cant take a trick this week!
Trick or Treat heheheh
  • #4,442
  • Oct 4, 2018 10:19pm Oct 4, 2018 10:19pm
Quoting Davit
Hi guys After AUD retail I am anticipating AUD pairs to bounce.It has been severely oversold.MM love pushing things to edges.Funny how once you close a trade a loss that's when it turns...
Hi Davit,

you are the "father" of this system and from above of your experience taught this many times.
I found that sometimes when you're fully loaded in a trade and DD is very close to your SL % it could be a good strategy to exit only part of your position and start to reload when reversal finally happens. Of course this kind of trade management can increase risk to lose more and requires great attention to PA and general fundamental picture.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #4,443
  • Oct 4, 2018 10:50pm Oct 4, 2018 10:50pm
UC also going very well
Attached Image (click to enlarge)
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  • #4,444
  • Oct 4, 2018 11:24pm Oct 4, 2018 11:24pm
UJ it seems head and shoulder pattern is forming in 4hr but its not confirm yet, if it forms it will fall pretty nice and today there is NFP also
  • #4,445
  • Oct 4, 2018 11:39pm Oct 4, 2018 11:39pm
AudUsd is lame lol
  • #4,446
  • Oct 4, 2018 11:40pm Oct 4, 2018 11:40pm
Quoting syedtaimur
UJ it seems head and shoulder pattern is forming in 4hr but its not confirm yet, if it forms it will fall pretty nice and today there is NFP also
Yes, loaded some shorts. Watching it
Price didn't manage to break ascending TL yet
  • #4,447
  • Oct 4, 2018 11:54pm Oct 4, 2018 11:54pm
GU current time
Attached Image (click to enlarge)
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  • #4,448
  • Oct 4, 2018 11:58pm Oct 4, 2018 11:58pm
All A & N pairs overstretched trading at their extremes, we must make ourselves ready for when the wind it will turn-
Porta itineris dicitur longissima esse
  • #4,449
  • Oct 5, 2018 12:00am Oct 5, 2018 12:00am
Quoting bubincka
All A & N pairs overstretched trading at their extremes, we must make ourselves ready for when the wind it will turn-
Yes, it seems as if those pair are in free-fall at the moment...
  • #4,450
  • Oct 5, 2018 12:06am Oct 5, 2018 12:06am
Quoting fxbarwise
{quote} Yes, it seems as if those pair are in free-fall at the moment...
Are you expecting a reversal to happen?
  • #4,451
  • Oct 5, 2018 12:07am Oct 5, 2018 12:07am
Hello everyone,

Stop loss -> the most important part of the trading.

Davit's method is really a good one, however a lot of people could not understand, he stacks up when the trade approaches the right direction.
That mean, if the market goes against Davit, he could suffer hundreds of pips loss, because he watches not the pips, but the bucks.
This allows him to be squeezed without suffering the greatest enemy in trading: fear and revenge.

Even when you trade the wrong side price often retest, or when you are right, there is often SL hunting, or liquidity trickery.

Think about that. The point is, accept that you have only an edge (this system for instance) and there will be losses. These losses with the same system decides whether you are green or red. Simple.

I also give you one method when you are already fully in:

- on the 30min or 1h chart, put your stop above the last pullback. Is this works all the time? Of course not, but you will be able to catch some home runs.

Cheers
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  • #4,452
  • Oct 5, 2018 12:14am Oct 5, 2018 12:14am
Quoting Trade-G
{quote} Are you expecting a reversal to happen?
Of cause yes - "what goes up must come down again", and visa-versa. PA & pivots will tell us when that time has come.
Enjoy!
  • #4,453
  • Oct 5, 2018 12:20am Oct 5, 2018 12:20am
Potential double top on the EN 4H/daily chart if it turns again from here... my lone soldier is waiting patiently for company
Conversely a double bottom on other crosses...
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  • #4,454
  • Oct 5, 2018 12:22am Oct 5, 2018 12:22am
Quoting fxbarwise
{quote} Of cause yes - "what goes up must come down again", and visa-versa. PA & pivots will tell us when that time has come. Enjoy!
Ok, what timeframe are we talking about cos the higher TF W1 and M1 is rather bearish. So although the remaining TF can be very oversold, low can still go lower
  • #4,455
  • Oct 5, 2018 12:23am Oct 5, 2018 12:23am
Quoting fxbarwise
{quote} Yes, it seems as if those pair are in free-fall at the moment...
Yes, free fall and free flight for GA, GN, EA, EN.
GA and GN are almost to their pre-Brexit levels.
Porta itineris dicitur longissima esse
  • #4,456
  • Oct 5, 2018 12:28am Oct 5, 2018 12:28am
Quoting Trade-G
{quote} Ok, what timeframe are we talking about cos the higher TF W1 and M1 is rather bearish. So although the remaining TF can be very oversold, low can still go lower
My personal preference for swing trading is H4. I find that it gives good PA signals when you run trades for average of 4 days up to 2 weeks.
  • #4,457
  • Oct 5, 2018 12:29am Oct 5, 2018 12:29am
Quoting groper
Potential double top on the EN 4H/daily chart if it turns again from here... my lone soldier is waiting patiently for company Conversely a double bottom on other crosses... {image}
I like that, entered right now.

I like the overall context, IMO 1.759 is very a good target for starter.
  • #4,458
  • Oct 5, 2018 12:33am Oct 5, 2018 12:33am
Quoting Thomas88
{quote} I like that, entered right now. I like the overall context, IMO 1.759 is very a good target for starter.
Guys, I do not see any reversal signals for EN at the moment, in fact on H4 I see continuation of uptrend. I would be very careful to short it currently.
  • #4,459
  • Oct 5, 2018 12:34am Oct 5, 2018 12:34am
Quoting Thomas88
{quote} I like that, entered right now. I like the overall context, IMO 1.759 is very a good target for starter.
im still waiting... no clear PA yet and by the lousy weakness displayed N thus far - could keep going to print fresh highs...
What we need is some terrible news on the euro... some political disaster to manifest on top of italys woes. Trouble is german data printed green today so school is still out and PA is king...
  • #4,460
  • Oct 5, 2018 12:35am Oct 5, 2018 12:35am
Quoting fxbarwise
{quote} My personal preference for swing trading is H4. I find that it gives good PA signals when you run trades for average of 4 days up to 2 weeks.
I see what you mean. Its high time for a pullback if you look at H4, however there is no indication for a pullback yet - for me
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