Weekly Pivot trading with TDI

Worth watching, atm no sign of reversal, according to me Brexit concerns weights negatively and it can go higher.
We are here to wait...

No signal service here.

It wasn’t a signal more of suggestion of a potential reversal, like bubincka said no sign of reversal.

nice one... looks pretty strong.

Great economic calendar/fundamental insights... thanks!

Likes are not enough

regards

Update NU. Partial closed and protect the rest.

Stayed up a few minutes later last night and it really seemed to be stalling @ the R38 so I took a poke and sold it. woke up 5 1/2 hours later this morning and it had reversed down to the WPP for another 68 pips and my trailing sell order was triggered as well took the R38 order for 68 pips and a few pips on the other. closed both of them.

Here is a version of Pivot Fibs indicator I made for this thread... I hope you like it. Otherwise, simply ignore ; )─



***fixed S161 <<< thanks for the feedback vickym

3:48 PM
Monday, 22 October 2018
Greenwich Mean Time (GMT)

Don't waste your time...he has yet to admit any wrongdoing in this thread. Takes no responsibility and is always right...truly hope his trading is same.

USD all by itself looking like a nice sell opportunity.

Ive never professed to be an expert and so perhaps i could learn something here... this is what i was looking at before it popped the upper line;
I was looking for a rejection of the upper line in confluence with the WPP and simply waiting for PA to confirm it. It did not reject and instead popped the upper line briefly and afterwhich has now fallen back below it again respecting the downward trend for the time being... can you help me interpret the fault in my thinking or was this simply one of those things that happens from time to time?

Incidently- its approaching the same confluence again although now we have significant multiple prior resistances in place visible on same chart... what kind of information are we looking for to trade away from the WPP besides PA alone?

not likely until maybe Thurs late or Friday.Please check the calendar
"Friday
USD Advance GDP projected number is less then previous and may print red and perhaps stimuli to sell over bloated USD
USD – Advance GDP q/q
It’s an annualized change in the inflation-adjusted value of all goods and services produced by the economy. The Bureau of Economic Analysis is due to release the US GDP data at 12:30 (GMT). The advanced GDP is expected to plunge from 4.2% to 3.3%. For newbies, if the actual figure rises by more than 3.3%, this will be a solid reason to consider two additional rate hikes from the Federal Reserve.
Impact on different Trading Instruments

US Dollar – The advance GDP figures of more than 3.3% can drive bullish movement in the dollar. However, the Greenback can face a sharp dip upon the release less than 3.3% GDP as it’s already below 4.2% growth rate of the previous quarter. "

Just a reminder guys
You will read lots of posts contrary what this thread is about often from amateurs.Stay focused.
I don't trend divergence,market profiles,strength meters,trend lines,oscillator OB OS and rest of traditional technicals that majority of retail traders use and majority lose money.
Stay focused on pivots and PA

Hi Davit,

May I know what stop you from posting at your own thread now? At your thread, you can ban those traders who use other indicators and ideas, as a result, quality for information and trade ideas will be enhanced significantly.

Thanks

Time which I don't have much.I have to spend lots of time monitoring the thread instead of trading and doing things with family.

I noticed also that things that are offered free generally not valued.Free advise generally not valued.I repeated many times people to do calendar events every sat or beginning of the week and only handful of people do. Then we get posts like "USD looks good selling"paraphrasing.
Can't spend time with folks who don't take it seriously and frankly its not my business that they don't.
What is destined it will be.If you were meant to be a successful trader you will find a way to be otherwise they are lots of delusional folks who think pressing buttons means trading....
Creme raises to the top and folks who have it pay attention and know the value...

EU at strong support but plenty of time from now and Friday so I think this may test lower pivots
H4 and D are red.
Weds lots Euro PMI's if prints red this could drop lower
Euro lots of PMI
French Flash Manufacturing PMI – The figure is due at 7:15 (GMT) with a forecast of 52.4 vs. 52.5 during the previous month.
French Flash Services PMI – Beside the French Manufacturing PMI, the services PMI will be observed. It’s expected to drop slightly to 54.7 vs. 54.8.
German Flash Manufacturing PMI – The data will be released right after 15 minutes of French services and manufacturing PMI at 7:30 (GMT). It’s negatively forecast and expected to drop from 53.7 to 53.5.
German Flash Services PMI – It’s scheduled with a forecast of 55.5, slightly below the previous month’s figure of 55.9.
Flash Manufacturing PMI – The figure is coming out at 8:30 (GMT) and it’s also expected to drop from 54.7 to 54.9.
Potential Impact:
The single currency Euro can remain under selling pressure as most of the figures are forecast negatively. European services and manufacturing PMI figures have dropped since the beginning of 2018, which is the main reason why ECB feels hesitant to raise the interest rates.

AU long on H1 S78!
It will work!

After considering a raft of information presented about trading this system - i have come to the conclusion that the title of the system "weekly pivot trading with TDI" is not an appropriate description of the system presented here and is kind of misleading.

By Davits own words on his system he repeatedly stresses the following points, some of the following have been copied and pasted from the previous thread and from the PDF info on page 1;
1. "Do your calendar"
2. "Stay focused on Price Action and Weekly Pivots"
3. "Wait for PA before entry"'
4. " i dont use TDI all that much i mostly like the indicator for the angelator so i can see a quick overview of PA"
5. "I don't trend divergence,market profiles,strength meters,trend lines,oscillator OB OS and rest of traditional technicals that majority of retail traders use"
6. "i dont trade news" **

** I wanted to make a special note because this is contradictory in practice because Davit has repeated stressed the importance of doing the calendar - so in a way this is exactly what we are doing (trading news) and he has often stated that he expects green or red news print to make the PA jump up or go down etc

This has led me to summarize that a more appropriate name for this system is "Price action trading using fundamentals and weekly pivot swings"
The fundamental success of the system is related to watching PA first and foremost. Everything else simply adds more confirmation.
Entries are then to made following a swing hi/lo depending on the direction backed by the fundamentals gleaned from the calendar- as has been reiterated by Davit several times over the last couple of weeks on the calendar stuff.

The pivots are simply used to help visualize a zone in which to look for an opportunity and to quickly gauge the magnitude of the potential swing. Davit originally stated that the further the price moved away from the WPP the more likely it will correct back to WPP - this is fine unless there is a strong trend and you get caught going against it in a fake out PA move which will cost you dearly. But then at the same time we are not to use any other indicators or means to qualify a trend or you will be scalded by Davit for doing so and perhaps booted from the thread also. Go Figure...

All in all, this system requires alot of time spent watching or checking the screen for PA - like any manual PA based strategy. I maintain that this strategy is NOT primarily focused on the pivots (or TDI) but rather PA and fundamentals, and that the Pivots are tertiary to PA and calendar events.
Other than that, simply be prepared to jump back into a time warp and feel like your back in a college fraternity boys club to engage in this thread and youll fit right in

UJ: Price may be looking at the weekly pivot once EU/London session commences... unless proven otherwise ; )─


CoT data (Managed Money - Fast Money) seem to support a near-term downside movement ─ may be in or around 111 handles. Bonds are just one of the leading indicators that provided an indication of USD strength and weaknesses as of late. Since May this year, the Bond Yields continue to lead, among other leading indicators as far as Fx is concerned.

BOJ's Kuroda said to have expressed that global stocks are showing some nervous moves
Nikkei 225 closed lower by 2.67% at 22,010.78
Japan September final machine tool orders +2.9% vs +2.8% y/y prelim



bond bearishness up on the week



v2v disclaimer

Hi renkotop,

I was just looking at this pair and its cousin AJ.

What holds me back from entering are many factors like housing price concerns in Australia, recent political uncertainty, China slowdown, US Dollar Index rising and approaching 96. Reading Davit's comments on GDP US data due on Friday there could be chance of upside move only if it will print below 3.3% mark.
I'll follow PA and decide accordingly-

Best regards,
Bubincka