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Weekly Pivot trading with TDI

  • #4,521
  • Oct 6, 2018 4:02pm Oct 6, 2018 4:02pm
how does it feel to not be able to write chukkk?
Take what you can, give nothing back
  • #4,522
  • Edited 8:19pm Oct 6, 2018 8:02pm | Edited 8:19pm
Ok - so whats on everyones radar for the coming week?
For me- im looking for bounces on A and N pairs. Also looking for reversals on GBP pairs as all these seem a little over cooked from last week- especially GN. Did anyone go long on that last week? What a run! Very divergent from the rising trend line now tho.

A not quite perfect Head and shoulders pattern is showing on UJ H1. Will be watching closely on this one.
GJ is forming an interesting triangle pattern which is looking to break soon- will be watching tho i dont like gbp pairs on volatility concerns. However what happens between UJ and GJ may help give direction on the yen. So if the yen breaks lower on both of the above ill be looking for further yen weakness elsewhere aswell.
USD and CAD may finally show some weakness too- inflation and wages disappointed yet the market didnt care still reeling in the nafta love and over reacting to what amounted to little change between the 3 counties
-maybe the love will fade this week and correct some- i dont expect alot here but maybe a little...
Anyone else have a take on the coming week?
  • #4,523
  • Oct 6, 2018 11:18pm Oct 6, 2018 11:18pm
Quoting groper
Ok - so whats on everyones radar for the coming week?.... Anyone else have a take on the coming week?
Here are my levels of interest. I like trading based on 3 types of environments: Multiple week exhaustion environment, New immediate trend environment, and retracement exhaustion environment. My entries are always at support levels turned resistance or resistance levels turned support so I can get a bounce away from the level and continue the new immediate trend and I look for these levels to line up with pivots if possible. I only sell above the WPP and I only buy below the WPP:

Potential setups for me next week. All I really need is 1 or 2 trades for the week. I have a potential GBP short set up but if I can avoid it I will because brexit talks may derail the trade:

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  • #4,524
  • Oct 7, 2018 2:15am Oct 7, 2018 2:15am
Works good for EURUSD backtesting shows there are some errors in Asian session but otherwise it's good. Do not try on live if you don't understand it in every detail
  • #4,525
  • Oct 7, 2018 4:43am Oct 7, 2018 4:43am
Quoting sharingan9
{quote} Here are my levels of interest. I like trading based on 3 types of environments: Multiple week exhaustion environment, New immediate trend environment, and retracement exhaustion environment. My entries are always at support levels turned resistance or resistance levels turned support so I can get a bounce away from the level and continue the new immediate trend and I look for these levels to line up with pivots if possible. I only sell above the WPP and I only buy below the WPP: Potential setups for me next week. All I really need is 1...
Hi sharingan9, I like the way you analyse market. What I find particularly useful is the relative position of WPP with respect to previous weeks. To better understand how you plan your trades, for example on EA chart above do you sell at current level or do you wait for it to go down below WPP (where is your white up arrow) and then buy ?

Best regards ,
Bubincka
Porta itineris dicitur longissima esse
  • #4,526
  • Oct 7, 2018 5:11am Oct 7, 2018 5:11am
my all trades took last week, DD is only -43 USD untill now
i request to DAVIT look these tades and let me know if i am doing wrong, i am doing MM strictly, i have no issues with such DD
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  • #4,527
  • Oct 7, 2018 2:41pm Oct 7, 2018 2:41pm
Quoting bubincka
{quote} Hi sharingan9, I like the way you analyse market. What I find particularly useful is the relative position of WPP with respect to previous weeks. To better understand how you plan your trades, for example on EA chart above do you sell at current level or do you wait for it to go down below WPP (where is your white up arrow) and then buy ? Best regards , Bubincka
Hey buddy. I wait for the retracement to the level highlighted in blue to buy. When the market opens the WPP will print above indicating to me bullish sentiment so I will be looking for longs on EA this week. I never trade against the direction of the most recent WPP. If the wpp goes down for 2 weeks or more(preferably 3 weeks or more) in a row and then WPP moves up i look for longs. EA caught my eye but not my favorite set up. I like AJ short opportunitty better but we will see. Trading like this does not get me as many opportunities per week but I get 4-8 trades per month with very small DD and good winrate which is good for me. If you are someone who needs to take more trades than this a month then i do not recommend trading this way. This way takes patience
  • #4,528
  • Oct 7, 2018 2:50pm Oct 7, 2018 2:50pm
Quoting dispersion
Works good for EURUSD backtesting shows there are some errors in Asian session but otherwise it's good. Do not try on live if you don't understand it in every detail
are you talking about this system?
  • #4,529
  • Oct 7, 2018 9:58pm Oct 7, 2018 9:58pm
Quoting syedtaimur
my all trades took last week, DD is only -43 USD untill now i request to DAVIT look these tades and let me know if i am doing wrong, i am doing MM strictly, i have no issues with such DD {image} {image} {image} {image} {image} {image}
Hi,
Note that you are using demo account to test the system,
I strongly suggest you to jump in real account, and see are you really no issues with such DD.

Regards,
Elvis
  • #4,530
  • Edited 11:54pm Oct 7, 2018 10:27pm | Edited 11:54pm
AC long reversal trade off of S38 which is also MS1 in traditional Pivots and a strong support point from July 2013 and Aug 2015. There is a missed monthly pivot just above R78 @ .9368 and a missed weekly pivot @.9375 NAB survey Oct 8th @ 8:30 EST
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #4,531
  • Oct 7, 2018 10:41pm Oct 7, 2018 10:41pm
I'm holding some AC from last week
if it pushes through 0.916 strongly I'll reload
I will get my head around this, but always can be wrong
  • #4,532
  • Oct 8, 2018 2:55am Oct 8, 2018 2:55am
Im short EJ...
broken rising trendline from daily chart,
turned near upper end of downward channel,
italy woes still looming and german data dissappointed today,
jpy stronger across all pairs,
WPP lower this week,
PA strong heading south...
  • #4,533
  • Oct 8, 2018 2:58am Oct 8, 2018 2:58am
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by this method this is not a trade
please read page 1 of this thread and the original thread
I will get my head around this, but always can be wrong
  • #4,534
  • Oct 8, 2018 3:07am Oct 8, 2018 3:07am
Quoting sharingan9
{quote} Hey buddy. I wait for the retracement to the level highlighted in blue to buy. When the market opens the WPP will print above indicating to me bullish sentiment so I will be looking for longs on EA this week. I never trade against the direction of the most recent WPP. If the wpp goes down for 2 weeks or more(preferably 3 weeks or more) in a row and then WPP moves up i look for longs. EA caught my eye but not my favorite set up. I like AJ short opportunitty better but we will see. Trading like this does not get me as many opportunities per...
Hi sharingan9,

thank you for your reply.

It's good to exchange point of views among fellow traders, not yet decided about previous week WPP "rule" to buy/sell but for sure the # of trades I take is one of my issues with this system.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #4,535
  • Oct 8, 2018 3:23am Oct 8, 2018 3:23am
Quoting groper
Ok - so whats on everyones radar for the coming week? ?
Holding positions over weekend:
EU long
GU long
UJ sell
Watching UC for PA to short
  • #4,536
  • Oct 8, 2018 3:34am Oct 8, 2018 3:34am
Quoting groper
Ok - so whats on everyones radar for the coming week? For me- im looking for bounces on A and N pairs. Also looking for reversals on GBP pairs as all these seem a little over cooked from last week- especially GN. Did anyone go long on that last week?
I'm long on A and N pairs, holding positions from last week, atm small reversal signs due to China Service data, weaker CAD on falling oil price and extreme levels already touched. This week noy many red high impact news and some bank holiday, let's see.
Porta itineris dicitur longissima esse
  • #4,537
  • Oct 8, 2018 3:47am Oct 8, 2018 3:47am
Looks like EA and EN pair have turned the tide.
NC also looks promising for a long position.
  • #4,538
  • Edited 5:49am Oct 8, 2018 4:06am | Edited 5:49am
Actively managing my UJ short trade eventually worked.

Last week at the reach of my equity SL instead of closing all the positions I closed only a small fraction for not having any running red beyond my set $$ SL, letting the rest to stay open through the week end. Of course this can increase the overall trade risk.
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Porta itineris dicitur longissima esse
  • #4,539
  • Oct 8, 2018 4:11am Oct 8, 2018 4:11am
may be an alternative bulish bat is in formation . worth looking at this area
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  • #4,540
  • Oct 8, 2018 4:41am Oct 8, 2018 4:41am
Positions open now:
EURAUD (short)
EURNZD (short)
NZDCAD (long)
AUDCAD (long)
USDJPY & EURJPY & AUDJPY & CADJPY (short)
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