Weekly Pivot trading with TDI | Page 236 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Converting Stoch Histogram, Auto Pivot and TDI into MT5 1 reply

TDI-ADX System (swing trading using TDI) 116 replies

Weekly Pivot to Pivot Trading 19 replies

The Pivot Net Revisited (Weekly Pivot Net) 41 replies

Easy Does It off the TDI indicator - EDI TDI 134 replies

Attachments: Weekly Pivot trading with TDI
Exit Attachments

Weekly Pivot trading with TDI

  • #4,701
  • Oct 11, 2018 9:12am Oct 11, 2018 9:12am
This morning I was looking at NJ to long it above WS61, considering the triple bottom on D1 and the very low level it is trading atm, then I was cheated by thoughts like the fact that yesterday the market went down suddenly and consequently there could have been a flight to safe-haven currencies like JPY and CHF.

Instead PA went up all day and now is poised to gain more.
Sometimes I overthink instead of take action and other times a I'm too hasty and go into a trade without analyzing too much... find the balance between these two opposite behaviors is one of the key, at least for me.

As already posted by Master Davit UJ is becoming interesting.

Best regards,
Bubincka
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NJ_DAILY.jpg Size: 137 KB
Click to Enlarge Name: NJ.jpg Size: 125 KB
Click to Enlarge Name: UJ.jpg Size: 129 KB
Porta itineris dicitur longissima esse
  • #4,702
  • Oct 11, 2018 9:17am Oct 11, 2018 9:17am
Oh, you think drawdown is your ally. But you merely adopted the drawdown; I was born in it, moulded by it. I didn't see the profits until I was already a man, by then it was nothing to me but PART OF TRADING!

Almost all of my trades which were in major drawdown are now in high profits. 1.2k pips on UJ, 600 pips on UC, 600 on AC, 550 on EN and 2.4k pips on EG. The best part of this system is not the pivot, it's the money management and patience factor.

Stay safe, Stay green.
  • #4,703
  • Oct 11, 2018 9:24am Oct 11, 2018 9:24am
EA last nights entry...Closed partials on AC and NC. In my opinion looks like these pairs want to form a cup and complete pattern like UC did. UC stalling waiting on crosses to catch up. Will hold and manage a few AC, NC longs a bit further see if closes gap to tp.

No GBP pairs for me at all. It is the only pair that is not linked to a global Commodity, it is susceptible to wilder moves and more likely to be driven by Market Sentiment. Plus it is known to make fake moves especially before LO. I am in business to earn a living not to battle with this currency and its pairs especially when I can do well with less bitchy pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: EA 20181011.png Size: 60 KB
Invest in Life
  • #4,704
  • Edited 1:45pm Oct 11, 2018 9:27am | Edited 1:45pm
Quoting SirYodaa
Oh, you think drawdown is your ally. But you merely adopted the drawdown; I was born in it, moulded by it. I didn't see the profits until I was already a man, by then it was nothing to me but PART OF TRADING! Almost all of my trades which were in major drawdown are now in high profits. 1.2k pips on UJ, 600 pips on UC, 600 on AC, 550 on EN and 2.4k pips on EG. The best part of this system is not the pivot, it's the money management and patience factor. Stay safe, Stay green.
A bit dramatic for me but I agree with you. Think of DD this way...once you place a trade you are already on DD...
Invest in Life
  • #4,705
  • Oct 11, 2018 9:43am Oct 11, 2018 9:43am
Quoting Mundo
{quote} I bit dramatic for me but I agree with you. Think of DD this way...once you place a trade you are already on DD...
I hate DD lol
  • #4,706
  • Oct 11, 2018 9:56am Oct 11, 2018 9:56am
Trade manager closed my EN short not far from TP.
EUR is gaining some steam and this time I'm happy with it, considering levels I'll reload short if it goes back to WR38.
Attached Image (click to enlarge)
Click to Enlarge Name: EN_TS_11_10_2018.jpg Size: 126 KB
Porta itineris dicitur longissima esse
  • #4,707
  • Oct 11, 2018 10:29am Oct 11, 2018 10:29am
Took me a while until I found this thread, thanks Neil0163.

I'm gonna watch this thread closely.

Cheers.
  • #4,708
  • Oct 11, 2018 10:50am Oct 11, 2018 10:50am
Some thoughts:

usd/cad, usd/chf

- stop losses were hit + buy stops are triggered = a lot of liquidity on the table now.
Institutional traders are ready to sell the shit out of usd.
  • #4,709
  • Oct 11, 2018 11:01am Oct 11, 2018 11:01am
Anyone looking at EC? + swaps
  • #4,710
  • Oct 11, 2018 11:31am Oct 11, 2018 11:31am
Quoting shnackattack
Anyone looking at EC? + swaps
Yes. Sold it yesterday
  • #4,711
  • Oct 11, 2018 11:32am Oct 11, 2018 11:32am
Nasty market makers! Really really nasty!
  • #4,712
  • Oct 11, 2018 12:42pm Oct 11, 2018 12:42pm
Quoting Thomas88
Some thoughts: usd/cad, usd/chf - stop losses were hit + buy stops are triggered = a lot of liquidity on the table now. Institutional traders are ready to sell the shit out of usd.
Yep, I loaded up some more positions even in drawdown. Gotta thank big man Davit for showing me how to be confident in my trades as well as Mark Douglas. I posted a few pages back to watch out for price to break 1.3 for Smart Money taking out stops. That's when I added more positions.

A lot of traders look at 1.3 as a historical price and rightly so. But when something is TOO obvious, I know almost certainly what's happening. Price broke 1.3, so many retail traders took it as a sign that going long is the right move. Institutional traders know this and love taking out stops.
  • #4,713
  • Oct 11, 2018 1:10pm Oct 11, 2018 1:10pm
Quoting denisius
Nasty market makers! Really really nasty!
what's going on friend
In trading, you have to be defensive and aggressive at the same time
  • #4,714
  • Oct 11, 2018 1:24pm Oct 11, 2018 1:24pm
closed NC+1384 may reload on a dip which I anticipate coming
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADM30.png Size: 42 KB
In trading, you have to be defensive and aggressive at the same time
  • #4,715
  • Oct 11, 2018 1:33pm Oct 11, 2018 1:33pm
Quoting Davit
{quote} what's going on friend
Few bad weeks brother. Really tight up at work. Missed a lot of good trades. Got hard stopped yesterday on C pairs. Now I am thinking ether I am late for a Canadian Bull party or it’s just a long waited price correction. Overall nothing special.
  • #4,716
  • Oct 11, 2018 1:43pm Oct 11, 2018 1:43pm
Quoting denisius
{quote} Few bad weeks brother. Really tight up at work. Missed a lot of good trades. Got hard stopped yesterday on C pairs. Now I am thinking ether I am late for a Canadian Bull party or it’s just a long waited price correction. Overall nothing special.
It happens.I have been in your shoes numerous times. Look for dip on AC NC and go long.There is lot more on upside. Anyway stay away from pairs you don't understand well. Notice I rarely trade GC I can but don't because I don't follow it hence my grasp of it is poor.Trade what you know best.
cheers
In trading, you have to be defensive and aggressive at the same time
  • #4,717
  • Oct 11, 2018 1:47pm Oct 11, 2018 1:47pm
AJ retest of 61S look left
There are entire trading systems which waits for retest then buy/sell.I don't follow such systems but intuitively I incorporated the concept of buying dips and selling rallies
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPYH4.png Size: 35 KB
Click to Enlarge Name: AUDJPYDaily.png Size: 47 KB
In trading, you have to be defensive and aggressive at the same time
  • #4,718
  • Oct 11, 2018 1:50pm Oct 11, 2018 1:50pm
Quoting Davit
{quote} It happens.I have been in your shoes numerous times. Look for dip on AC NC and go long.There is lot more on upside. Anyway stay away from pairs you don't understand well. Notice I rarely trade GC I can but don't because I don't follow it hence my grasp of it is poor.Trade what you know best. cheers
Thanks . Always wise. Will regroup and reload next week. I still don’t think that Canadian rallies are over yet. September through December usually messy like this. Then it’s all settles down. It takes way more to throw me off now. I am prepared and educated! Good luck to you my friend.
  • #4,719
  • Oct 11, 2018 1:57pm Oct 11, 2018 1:57pm
Quoting Davit
closed NC+1384 may reload on a dip which I anticipate coming {image}

Hi Davit,

Been trading the same!!

Green pips,
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD.png Size: 133 KB
We obey the structure that results from the market's reaction
  • #4,720
  • Oct 11, 2018 2:19pm Oct 11, 2018 2:19pm
Quoting denisius
{quote} Few bad weeks brother. Really tight up at work. Missed a lot of good trades. Got hard stopped yesterday on C pairs. Now I am thinking ether I am late for a Canadian Bull party or it’s just a long waited price correction. Overall nothing special.
Try posting your reasoning behind your trades.

When I ran into some losses I did not understand, I posted them and asked Ron, Neil and others questions about the trades and also trades that they took so I can learn and form a better trading plan. For example after posting my losses 2 months ago I learned valuable things from this thread:

Quoting sharingan9
{quote} Thats great but I closed GA early missed alot of the move with small profit and I left GJ open and GJ went down. I do not understand why GJ which was the the one I decided to leave open went down. Not the best week for me lol. breakeven on AUDNZD and loss on GJ. I wish took EG and stayed GA instead
Also yesterday I posted about how I missed an opportunity on EN long and the reason why I missed it and because of that post I learned something new to help me decide which pivot level I want to trade(i use fibs now to decide). So if you can please post reasons for trades taken guys
1 trader viewing now