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Weekly Pivot trading with TDI

  • #4,561
  • Oct 8, 2018 12:23pm Oct 8, 2018 12:23pm
Quoting RonFXLive
Hi guys, Looks like a Double Bottom is foaming for EURUSD. Watch out for it. Short USDCAD at price 1.29700. Long GBPAUD at price 1.84627. Long GBPUSD at price 1.30660. Cheers and good luck! Ron.

I am also in GU long. In addition plan to short UC when support TL breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 49 KB

Attached Image (click to enlarge)
Click to Enlarge Name: UC.png Size: 71 KB
1 see confirmation till the end 2. set SL and never cancel it
  • #4,562
  • Oct 8, 2018 12:29pm Oct 8, 2018 12:29pm
Quoting KORTrader
{quote} I am also in GU long. In addition plan to short UC when support TL breakout. {image} {image}
Hi KORTrader,

Great call on these pairs

Well done!
Happy trading.
  • #4,563
  • Oct 8, 2018 12:36pm Oct 8, 2018 12:36pm
Quoting DiamondMiner
{quote} Congrats Bubincka, happy for you.
Hi DiamondMiner,

thank you, but wait... these pips apart for GN TSed aren't in the bag yet!
Let's practice patience now and monitor market evolution.

Best regards ,
Bubincka
Porta itineris dicitur longissima esse
  • #4,564
  • Oct 8, 2018 2:50pm Oct 8, 2018 2:50pm
Quoting FXgunner1969
{quote} Hi Sharingan9, thanks for you sharing your method for entry, i want to further back test you method to see how the win rate, however can you give me the multiple weekly pivots indicator which showing the chart ? i copy Davit pivot indicator but not show multiple weekly pivots on the chart, thanks for your help.
HI fx
back testing is greatly exaggerated and falsely addressed.At any given time every price is unique.That means all players placing their orders and all different events fundamentals at play can't be replicated.Guys who are obsessed about back testing are delusional in terms of effectiveness of it.Think about this if back testing worked we could hire accountants and historians to trade and they would make millions but reality is not that simple.Could you have predicted Trump trade wars? or any other event.No impossible.One thing is constant are pivots no matter what year month or week.
Trade for real and see if this is for you.Only way to know.

THIS VIDEO IS A GOLDMINE ABOUT PRICE.MUST WATCH
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #4,565
  • Oct 8, 2018 3:27pm Oct 8, 2018 3:27pm
Trying to find a more systematic approach to exiting trades, I closed all my E/A and U/J trades but often feel maybe I get out too early.

would any one recommend using Fibonacci levels for exits?

Many thanks Riese.

Also I agree with Davit conditions around backtesting. The only thing you need to improve raw emotions that is about you as an individual and not around statistics.
  • #4,566
  • Oct 8, 2018 3:56pm Oct 8, 2018 3:56pm
Quoting RieseP
The only thing you need to improve raw emotions that is about you as an individual and not around statistics.
That part of the quote is a good place to start when trying to find an exit strategy. It's all about you...First, we all trade differently and have different needs. Only you know your risk and reward, only you know your goals, only you know your trading plan. We can all tell you our exit strategy or what to look for but in the end it will be the one that suits your trading style...so best avoid time wasted...I am pretty sure you know when to exit. Don't look for validation, create your own plan.
Invest in Life
  • #4,567
  • Oct 8, 2018 4:09pm Oct 8, 2018 4:09pm
Quoting RieseP
Trying to find a more systematic approach to exiting trades, I closed all my E/A and U/J trades but often feel maybe I get out too early. would any one recommend using Fibonacci levels for exits? Many thanks Riese. Also I agree with Davit conditions around backtesting. The only thing you need to improve raw emotions that is about you as an individual and not around statistics.
50-100 pips is fine if you can nail them consistently.
My last batch of trades over 25 positions was over 110pips each.Depends on PA and pair. Don't expect EG to drop 110 pips but EN yes as an example.
I focus on swings=pivots.Focus on it and you'll know where to get out.
In trading, you have to be defensive and aggressive at the same time
  • #4,568
  • Oct 8, 2018 4:14pm Oct 8, 2018 4:14pm
focus on pivots you'll win more then you'll lose.Is as simple as that.
UC? right on the money
notice r61 rebound from s61
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 38 KB
In trading, you have to be defensive and aggressive at the same time
  • #4,569
  • Edited Oct 9, 2018 10:22am Oct 8, 2018 7:46pm | Edited Oct 9, 2018 10:22am
Quoting Davit
focus on pivots you'll win more then you'll lose.Is as simple as that. UC? right on the money notice r61 rebound from s61 {image}
I have no idea what you're talking about. You mean those pretty colored lines?
Attached Image (click to enlarge)
Click to Enlarge Name: Nikkei 81018.jpg Size: 312 KB
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #4,570
  • Edited Oct 9, 2018 10:22am Oct 8, 2018 7:51pm | Edited Oct 9, 2018 10:22am
766 pips on that one Nikkei trade in the in the last week rack it up i'll take it.
Attached Image (click to enlarge)
Click to Enlarge Name: Nikkei 81018 open.jpg Size: 10 KB
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #4,571
  • Edited Oct 9, 2018 10:22am Oct 8, 2018 7:55pm | Edited Oct 9, 2018 10:22am
AUD painted good numbers. I'm long AC, AU, and short EA
Attached Image (click to enlarge)
Click to Enlarge Name: AUD NAB.jpg Size: 15 KB
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #4,572
  • Oct 8, 2018 8:07pm Oct 8, 2018 8:07pm
Quoting Davit
focus on pivots you'll win more then you'll lose.Is as simple as that. UC? right on the money notice r61 rebound from s61 {image}
Thanks for MD video. That’s why you always saying “ spikes can be the end of the move before reversal “. And it’s true! Great MD lesson.
  • #4,573
  • Oct 8, 2018 10:45pm Oct 8, 2018 10:45pm
Anyone watching AUDNZD?
  • #4,574
  • Edited 1:32am Oct 9, 2018 12:24am | Edited 1:32am
Quoting Halfcents
Anyone watching AUDNZD?
Yes, always... ive been hitting this pair over and over for the last couple weeks whilst it was steadily ranging, however it is starting to trend in a generally higher direction tho so be careful in which direction you choose to trade... and keep in mind the rising support line you can see forming...

Another thing worth noting today whilst our US folks are sleeping - NZ data surprised to the upsid today - inflation rising, strong Q2 GDP, and now budget surplus higher than expected and highest since 2008. With the NZD heavily sold last week - it might catch a bid on this news during EU and US sessions as it seems quite cheap where it is now against pretty much everything!
  • #4,575
  • Oct 9, 2018 3:54am Oct 9, 2018 3:54am
BUEB + BUOB on EG, can be an trading idea.
Attached Image (click to enlarge)
Click to Enlarge Name: EG_SETUP.jpg Size: 120 KB
Porta itineris dicitur longissima esse
  • #4,576
  • Oct 9, 2018 3:56am Oct 9, 2018 3:56am
anybody got an indicator that would plot the ADR_V2 list of all open charts in a summary on one chart?
Or would this be easy to code?
  • #4,577
  • Oct 9, 2018 4:06am Oct 9, 2018 4:06am
Quoting bubincka
BUEB + BUOB on EG, can be an trading idea. {image}
Possible but would be a very aggressive entry bubincka.
  • #4,578
  • Oct 9, 2018 4:07am Oct 9, 2018 4:07am
Quoting rogertaggart
anybody got an indicator that would plot the ADR_V2 list of all open charts in a summary on one chart? Or would this be easy to code?
https://www.forexfactory.com/showthr...73#post7549573
  • #4,579
  • Oct 9, 2018 4:40am Oct 9, 2018 4:40am
Quoting fxbarwise
{quote} Possible but would be a very aggressive entry bubincka.
Yes, agree. EG is trading on last June levels, but Italy concerns could further drop EUR while positive news on Brexit could boost GBP.
Porta itineris dicitur longissima esse
  • #4,580
  • Oct 9, 2018 4:41am Oct 9, 2018 4:41am
Quoting bubincka
BUEB + BUOB on EG, can be an trading idea. {image}
I' m in! long!
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