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Weekly Pivot trading with TDI

  • #5,101
  • Oct 23, 2018 1:45am Oct 23, 2018 1:45am
Quoting bubincka
{quote} 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 {image}
@bubincka, you may be right. What I always do is place between 5-8 orders for one pair in order to leverage loosing orders. It always worked in the past.
Honestly it takes time to run in profit!
Cross the finger.
Best regards, renko
  • #5,102
  • Oct 23, 2018 1:49am Oct 23, 2018 1:49am
Quoting groper
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"'...
Attached Image

"Pivot trading is advance trading requiring both psychological and technical experience in Forex.
I require 2 yrs trading experience minimum trading my system."
  • #5,103
  • Oct 23, 2018 2:16am Oct 23, 2018 2:16am
Quoting groper
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"'...
You are right and I expect a lot of the usual people to attack you. This thread and the original is just one big sham. Rules were listed by the owner of the thread but every week you see or read contradictory stuff. They will use the 2 years experience stuff as a convenient cop out but anyone with that number of years of experience will see that the system isn't exactly what it is made out to be. It is EXTREMELY subjective and will only work for people like the owner of the system who has enough balance to open dozens of small trades and deceive himself about making hundreds of pips after the market has moved only 30-50 pips in reality. If you try trading this system without opening tons of trades at the same time or in close proximity, you will see how ineffective it is. Till date, no one knows where to exit positions. No one knows when to hold or when to cut and take a loss.

However, it doesn't stop the usual sheep looking for a messiah to latch on to the master blindly. The master may be marginally successful but are you? I also laugh at the condescending attitude exhibited here by the "Master" and others that claim to be as successful as him. I am not saying he is a fake master but experience shows that people that behave like him are liars about their trading. He left his own thread because of "too much noise" but since he needs to feed his ego from time to time to reassure himself of a perhaps flailing trading career, he couldn't stay away from posting here for long.

It is nice to see the fake hundreds of pips (made by averaging down) but it would be nicer if the blind sheep are told the truth about this strategy: It is VERY SUBJECTIVE. The rules change almost every week and you won't make money consistently if you don't have an account that can withstand opening 20 positions so as to make 400 pips from a 20 pips move. If the market goes against you quickly.. Good luck. Ignore the hundreds of pips and look at the percentage of the account made per trade and you will see the real picture. 100 pips made from 1 lot on EU is the same thing as 1000pips made from 0.1 lot opened 10 times on the same trade.. The risk is also almost always the same! (forget the wait for the market to go your way statement because no one knows whether a move will continue at any point)

For a thread where people are quick to show off gains, isnt it funny how there is no single thread explorer from anyone that claims to be making a killing from this strategy?

I'll go back to my observer mode but just thought to warn any traders looking to use this strategy. It doesn't do what it says on the box!
  • #5,104
  • Edited 3:42am Oct 23, 2018 2:18am | Edited 3:42am
Quoting groper
...
As for me.. my understanding of the strategy revolves on the following touch points below

First and foremost... one needs to have experience ─ is like having a trained intuition (well informed, acts with due diligence) with regards to reading the Markets. And then, armed yourself with utmost knowledge/understanding and keen observation of Fundamentals, Intermarket relationships, *Disciplined and sensible technical analysis (PA, Pivots, TDI), and Sentiments.


* Once you are able to paint (not drawn) your own/perceived biased... Use these tools to identify price inflection points (for well-defined entry/exits) or to have a quick glance if there's a confluence of price direction or behavior based on current PA/or structure with your overall directional bias of the markets or should I say, your own currency pair (instrument) to trade with. In short... read my v2v disclaimer ; )─
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #5,105
  • Oct 23, 2018 2:49am Oct 23, 2018 2:49am
Quoting Chenko
{quote} You are right and I expect a lot of the usual people to attack you. This thread and the original is just one big sham. Rules were listed by the owner of the thread but every week you see or read contradictory stuff. They will use the 2 years experience stuff as a convenient cop out but anyone with that number of years of experience will see that the system isn't exactly what it is made out to be. It is EXTREMELY subjective and will only work for people like the owner of the system who has enough balance to open dozens of small trades and...
You will be destroyed, but I do have to say you make some very valid points
  • #5,106
  • Oct 23, 2018 2:54am Oct 23, 2018 2:54am
Quoting Chenko
{quote} You are right and I expect a lot of the usual people to attack you. This thread and the original is just one big sham. Rules were listed by the owner of the thread but every week you see or read contradictory stuff. They will use the 2 years experience stuff as a convenient cop out but anyone with that number of years of experience will see that the system isn't exactly what it is made out to be. It is EXTREMELY subjective and will only work for people like the owner of the system who has enough balance to open dozens of small trades and...
@Chenko, with Master you mean Davit?
  • #5,107
  • Oct 23, 2018 2:59am Oct 23, 2018 2:59am
Quoting renkotop
{quote} @bubincka, you may be right. What I always do is place between 5-8 orders for one pair in order to leverage loosing orders. It always worked in the past. Honestly it takes time to run in profit! Cross the finger. Best regards, renko
Hi renkotop, atm it's going up,
Agree with you, take fundamentals in consideration, but mainly focus on PA and act accordingly. Casting a fishnet of orders is one of the real edges Davit gave us.
Porta itineris dicitur longissima esse
  • #5,108
  • Oct 23, 2018 3:33am Oct 23, 2018 3:33am
Quoting Chenko
{quote} ... Till date, no one knows where to exit positions. No one knows when to hold or when to cut and take a loss...
Hi Chenko,
let's discuss with calm, everyone has the right to say his own, but keeping the tone at a normal level helps to present your reasons.
It is always better not to accuse anyone, because we are all here for the same reason, not to be right, but to make money-

Then the part you wrote about the exit is not correct.
It is true that there is not just one way to exit trades, but here and in the original Davit's thread have been showed many possibilities.
I remember things as taking profit at the next fib pivot level, or let's the swing go and when it reverse close all trades being supported in this case by TDI too, or close all trades at a certain TP % much like close all at set % equity SL.
You can decide to take partial loss because you still believe in your trade and so on.

This is advanced trading in the sense that both to entry and to exit there's not a black or white rule, but upon your entry, you have to actively manage the trade for all the duration of its life and if it turned out to be a loss, simply proceed with the next trade.

You are right when you remark that this is subjective: of course it is, otherwise it would be algo trading with predefined and equal rules for everyone, but that's another story.

In the end we are here to exchange ideas and points of views, there is no need to be angry and if you understand that this strategy is not for you then choose another. Is that simple.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #5,109
  • Oct 23, 2018 3:38am Oct 23, 2018 3:38am
Quoting OAPDave
{quote} You will be destroyed, but I do have to say you make some very valid points
why you say that ? LOL
trading is kinda lonely business and i see many posts around in this ff place due to this reason first.
everyone is free to have a point as long thread owner accept it, thats why they made here thread owners,one guy to rule his own thread.
why to go in one guy thread and start polemics to try tell him his method dont work? make your own thread and demonstrate that? but why to make your own thread to demonstrate a method from another guy doesnt work ? is not that same ego someone talked in a post above?
there are plenty of methods in forex ,why to bother argue about a single one? why bother to contradict one guy who use something that works for him?
far as i know Davit have nothing to sell ,he dont promote any kind of commercial thing,just talked about how he trade that ,works for him ? looks like. works for many ? not really, but all this are nothing new.
I do belive Davit losing from his time to come here and still give some little advices and correction here and there and posting his calendar is a good thing for newbies who may try rely on this.dont think is really about ego here. more about big EGO is when something doesnt work for you cos of many reasons and use your time to blame or debate with others,why to bother? why not mind your own method then and your own business? why to ask a trade explorer from someone else? yours is not good enough to see everyday? why to sneak into others private? time is money so use it properly.
cheer up!
Take what you can, give nothing back
  • #5,110
  • Oct 23, 2018 3:48am Oct 23, 2018 3:48am
Quoting Chenko
{quote} You are right and I expect a lot of the usual people to attack you. This thread and the original is just one big sham. Rules were listed by the owner of the thread but every week you see or read contradictory stuff. They will use the 2 years experience stuff as a convenient cop out but anyone with that number of years of experience will see that the system isn't exactly what it is made out to be. It is EXTREMELY subjective and will only work for people like the owner of the system who has enough balance to open dozens of small trades and...
I'm not really into arguing with anonymous people in internet but I just have to ask you one question ... then why are you here??? You haven't understood the core of this trading method yet you're saying it doesn't work. Maybe it doesn't work for you but does for others. No one is promoting or selling here anything, so why it bothers you. You haven't paid a dime for it. You can always walk away and spend time in EURUSD thread or similar.

Davit has said several times, it's not the pip amount he is trading but $ amount. Even in observer mode you haven't been trying to understand the method if you don't know that. It has been also stated here several times - it is not rich quick scheme, it's more like a marathon. I've been trading 2000 € account since Feb. 15 this year so I can leave another lie for you here:

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  • #5,111
  • Oct 23, 2018 3:49am Oct 23, 2018 3:49am
#whytradersfail ─ by Hanover
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #5,112
  • Oct 23, 2018 4:34am Oct 23, 2018 4:34am
Quoting Chenko
{quote}
what a crap))
4 years on FF & still dooesn't know where to exit, when to hold & etc
I will tell you little secret- everybody here use their own MM, exit rules & hold criterias. And everybody is ok with that. Except few members like you who didn't study & practice basics that are required for this method.
  • #5,113
  • Oct 23, 2018 4:55am Oct 23, 2018 4:55am
You can't make a system any system work for everyone.Requires experience.The reason you can't set solid TP and Exit because every pair is different every situation different.
Example UJ has been ranging and taking TP near 12 is appropriate however saying I will wait until 11 is not looking what price action is doing hence flexibility is required.This is obvious to those who have been trading for solid years and have sound cogitative functions.
I have always stated I count my gains in $$ and I pay my taxes in $$. If you can't trade pivots please door is open.Try something else!

I have resigned myself to accept majority of "traders" should not be trading since obviously this is not their forte.Arguing with someone that does not get it is a waste of time.
In trading, you have to be defensive and aggressive at the same time
  • #5,114
  • Oct 23, 2018 5:05am Oct 23, 2018 5:05am
PA & Pivots don't lie even in exotic pairs
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Trade What's Happening... Not What You Think Is Gonna Happen
  • #5,115
  • Oct 23, 2018 5:17am Oct 23, 2018 5:17am
Quoting Chenko
{quote} You are right and I expect a lot of the usual people to attack you. This thread and the original is just one big sham. Rules were listed by the owner of the thread but every week you see or read contradictory stuff. They will use the 2 years experience stuff as a convenient cop out but anyone with that number of years of experience will see that the system isn't exactly what it is made out to be. It is EXTREMELY subjective and will only work for people like the owner of the system who has enough balance to open dozens of small trades and...
join the club
ignored
In trading, you have to be defensive and aggressive at the same time
  • #5,116
  • Edited 8:13am Oct 23, 2018 5:31am | Edited 8:13am
LOL.. The usual nonsense. Groper mentioned your contradictory statements.. Interesting how you haven't addressed them. I come here to amuse myself once in a while at the delusion.

Screaming ignored (as if you put any change in my pocket) and throwing hissy fits like a child while avoiding salient points. Never posting again here anyway.. Enjoy yourselves!
  • #5,117
  • Oct 23, 2018 5:32am Oct 23, 2018 5:32am
Thanks again Davit ... Take no notice of the naysayers ... trust the Aussies saw AUDUSD reveersal on S100 cheers SP
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.... S100 is the blue dots white line is prev strong support
  • #5,118
  • Oct 23, 2018 5:53am Oct 23, 2018 5:53am
Quoting Chenko
Never posting again here anyway.. Enjoy yourselves! {image}
Good decision. Glad you understood.
  • #5,119
  • Oct 23, 2018 7:04am Oct 23, 2018 7:04am
...and let the end of the thread begin.
Invest in Life
  • #5,120
  • Oct 23, 2018 7:36am Oct 23, 2018 7:36am
Quoting Chenko
{quote} You are right and I expect a lot of the usual people to attack you. This thread and the original is just one big sham. Rules were listed by the owner of the thread but every week you see or read contradictory stuff. They will use the 2 years experience stuff as a convenient cop out but anyone with that number of years of experience will see that the system isn't exactly what it is made out to be. It is EXTREMELY subjective and will only work for people like the owner of the system who has enough balance to open dozens of small trades and...
Just a matter of time before another troll comes to divulge his pent up anger from losses. No wonder you made your trade explorer private last year, your results must be fantastic. Your inability to understand Davits strategy is just a testament to your lack of knowledge when it comes to Forex. Also a great example of how understanding Forex can be subjective and this industry isn't for everyone. Your need to see trade explorers but failure to provide your own speaks volumes when it comes to your credibility. Davit has provided multiple results on multiple occasions, also vast amounts of knowledge. You've provided nothing but hateful speech and vague (not very impressive) results.
If you spent some time learning and testing Davits strategy maybe you would have a better understanding. Multiple or single entries, this strategy is profitable. Multiple entries is simply a way to minimise risk and also allows us to add onto a trade as other factors (news events and so on) work in confluence with our trades. Also allows us to close certain amounts of a position without having to close the whole position. Simple stuff you would expect someone with 4 years experience to understand.
Again this industry isn't for everyone.
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