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Weekly Pivot trading with TDI

  • #4,621
  • Oct 10, 2018 4:32am Oct 10, 2018 4:32am
Quoting antisystem
{quote} Yep, R61 not broken yet, so holding further
just closed my 200 pips short UC since R61. i'll hit again when US market open
  • #4,622
  • Oct 10, 2018 4:38am Oct 10, 2018 4:38am
Quoting General Lee
{quote} just closed my 200 pips short UC since R61. i'll hit again when US market open
which R61 is 200 pips away on UC?
  • #4,623
  • Oct 10, 2018 4:38am Oct 10, 2018 4:38am
Quoting Onlinepips
{quote} Short UC here. Entered yesterday. We have a trendline with a pinbar, well now 2pinbars, was also inline with R61, and this pair last week was at S61. Unsure if the last part is correct way of reading it, but the price action seems to be a good reason to have entered.
We also can say that upward movement was just a close of the gap & now it's a continuation of the main downward trend.
Let's watch the price)
  • #4,624
  • Oct 10, 2018 4:39am Oct 10, 2018 4:39am
Quoting rogertaggart
{quote} which R61 is 200 pips away on UC?
0,01 x 10 mate....my pipsometer says 200 +
  • #4,625
  • Oct 10, 2018 4:41am Oct 10, 2018 4:41am
Quoting General Lee
{quote} 0,01 x 10 mate....my pipsometer says 200 +
ah ok
  • #4,626
  • Oct 10, 2018 5:32am Oct 10, 2018 5:32am
Quoting General Lee
{quote} 0,01 x 10 mate....my pipsometer says 200 +
0.01*10=0.1
From where did you derived 200?
  • #4,627
  • Oct 10, 2018 5:34am Oct 10, 2018 5:34am
Quoting bubincka
Took profit from EA short, open since last week. {image}
Please share ea Link
  • #4,628
  • Oct 10, 2018 5:36am Oct 10, 2018 5:36am
Quoting Merka
{quote} 0.01*10=0.1 From where did you derived 200?
R61, i closed below DO
  • #4,629
  • Oct 10, 2018 6:07am Oct 10, 2018 6:07am
Quoting groper
I could be wrong - but in this jittery market i think its wise to book profits reasonably early and not be too greedy. Market is jittery and swings all over the place on risk sentiment, china trade woes, Brexit, emerging market woes, italy, iran and russia etc... pick your trades very carefully folks!
Hi groper,

sometimes I regret I take profit too early, other times like it's going like today: few hours ago I was in profit not far from TP on both EN and GA short, then news from a slowdown in China come, the wind changes, PA reverses and you are in the red.
How to deal with such situation very common in swing trading ?

One way could be trailing, but what if trailing start threshold not reached yet ?

Another way could be close all positions for a good profit equal about 2/3 of your initial target and avoid market exposure when there's a clear turn around.

This time I decided to remain in the trades because I considered good last fundamental data delivered on A and N and because both EN and GA are overstretched at their max since some years.

However you never know, since anything can happen-
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EN_TRADE.jpg Size: 142 KB
Click to Enlarge Name: GA_TRADE.jpg Size: 151 KB
Porta itineris dicitur longissima esse
  • #4,630
  • Oct 10, 2018 6:14am Oct 10, 2018 6:14am
Quoting bubincka
{quote} Hi groper, sometimes I regret I take profit too early, other times like it's going like today: few hours ago I was in profit not far from TP on both EN and GA short, then news from a slowdown in China come, the wind changes, PA reverses and you are in the red. How to deal with such situation very common in swing trading ? One way could be trailing, but what if trailing start threshold not reached yet ? Another way could be close all positions for a good profit equal about 2/3 of your initial target and avoid market exposure when there's...
Bubincka, be careful about GBP pairs, once Brexit deal settle then GBP could all the way up without any pull back.
  • #4,631
  • Oct 10, 2018 7:11am Oct 10, 2018 7:11am
Quoting FXgunner1969
{quote} Bubincka, be careful about GBP pairs, once Brexit deal settle then GBP could all the way up without any pull back.
FX,

Yes I know and I also take this into account. Those on GBP are high risk trades on these days-
Porta itineris dicitur longissima esse
  • #4,632
  • Oct 10, 2018 8:41am Oct 10, 2018 8:41am
Quoting groper
I could be wrong - but in this jittery market i think its wise to book profits reasonably early and not be too greedy. Market is jittery and swings all over the place on risk sentiment, china trade woes, Brexit, emerging market woes, italy, iran and russia etc... pick your trades very carefully folks!
I closed all FX positions today in Profit. All I have left is some Indices shorts, SP 500 , Dax, US 30, NQ which are green, and some long positions in XAU which are slightly negative and going nowhere.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #4,633
  • Oct 10, 2018 9:04am Oct 10, 2018 9:04am
Quoting RonFXLive
{quote} Well done mate. Happy pips!
I didnt expect any trader to buy GA while it is sitting on yearly high, your call on that trade was really brave.
  • #4,634
  • Oct 10, 2018 9:31am Oct 10, 2018 9:31am
Loading up!! Watch out for price to break 1.3, I suspect smart money taking out stops.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 92 KB
  • #4,635
  • Oct 10, 2018 9:35am Oct 10, 2018 9:35am
Hold short Ucad shows good PA for now

enter Long EU bullish TDI divergence with PA

enter long again AU buy dips

Close long GU WR78, Fib 1.61 extension, +460pip. Imho GU will be more bullish than bearish. '
Attached Image (click to enlarge)
Click to Enlarge Name: 181011gu 460.png Size: 65 KB
1 see confirmation till the end 2. set SL and never cancel it
  • #4,636
  • Oct 10, 2018 9:47am Oct 10, 2018 9:47am
Quoting KORTrader
Hold short Ucad shows good PA for now enter Long EU bullish TDI divergence with PA enter long again AU buy dips Close long GU WR78, Fib 1.61 extension, +460pip. Imho GU will be more bullish than bearish. ' {image}

Well done KORTrader.
  • #4,637
  • Edited 10:08am Oct 10, 2018 9:55am | Edited 10:08am
Hi guys,

Current trades below and still holding strong.

Long AUDCAD - 4 positions at 120 pips gained.
Long EURCAD - 8 positions at 800 pips gained.
Long EURUSD - 4 positions at 160 pips gained.
Long GBPUSD - 4 positions at 80 pips gained.
(New trades)
Previous trades entry was at 1.30662 was closed at 1.31700 and 1.32000. 430 pips gained.
Short USDJPY - 4 positions at 80 pips.

GBPAUD was closed at 4 positions at 400 pips gained.

USDCAD was closed at 4 positions at 4 pips gained. Locked Profits.

Pls beware of EURUSD have touch WP.

I won’t be posting my statements anymore due to certain reasons here.

Good luck and cheers!
  • #4,638
  • Oct 10, 2018 10:11am Oct 10, 2018 10:11am
Hi guys,

For those who are still holding any GBP pairs including myself haha.. Pls mark your calendar on the 17th October for the final deal talk with the EU.

Cheers and nitez!
  • #4,639
  • Oct 10, 2018 10:47am Oct 10, 2018 10:47am
I'm running some software on a trial right now this alert just came in on a harmonic pattern that developed on a potential GC short which is currently @ R78
Attached Image (click to enlarge)
Click to Enlarge Name: GC 101018S.jpg Size: 184 KB
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #4,640
  • Oct 10, 2018 10:58am Oct 10, 2018 10:58am
Quoting Romanov102
I'm running some software on a trial right now this alert just came in on a harmonic pattern that developed on a potential GC short which is currently @ R78 {image}
Been watching this pair too, but gbp is strong at the moment, so I feel there’s still some room up there.
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