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Forex Pivot Trading with TDI

Discussion in 'Forex Forum' started by Davit, Apr 28, 2016.

  1. Davit

    Davit Guest

    Hi guys
    love pivots! love TDI which is RSI+MA rest of fluff I took it out.
    Here is how to trade pivots.
    As price travels progressively away from weekly pivot it becomes more likely to go into correction.
    61 S/R key zone 78R/S is Scott Carney's last chance for reversal (spikes stops taken before reversal) 100R/S another major zone.
    Should price smash 100 S/R then you are in strong trend supported by fundamentals.
    Pivots can be traded both with the trend and against.I personally don't subscribe to typical bookish mentally that if previous H4 is bear then assumption should be another bear candle.This is very wrong way to look at the markets.Markets are in constant motion and within 1 H4 candle price can move opposite over 100pips against previous candle so its not about previous candles but where price is in relative to pivots.In simple terms Location is what is important.
    I trade 15-30min charts however bigger works as well.
    TDI is our friend.When price hit major pivots we wait for TDI to turn thus confirm the move.Sharp angles important when its almost horizontal PA is weak or consolidating thus avoid trading.

    Indicators template

    This is advance trading so new traders check out TMS30 or TMS for newbies 2 for better environment.
    I won't answer questions like
    What is pivot/ support resistance/ price action/Fibonacci trading etc.For that check out babypips.com
    Note this is NOT TMS.Nothing I do is related except that I use TDI
    Anglelator is there to see what PA is doing on other TF's developed by Griffinsoul and his team of contributors.Its not a signal only a supportive actor.

    If you are harmonic trader you'll find this fib pivot indicator often corresponds on key zones.

    Attached Files
    Attached Files
    [​IMG] daily_open_line.mq4 2 KB
    [​IMG] FFCal Headlines.ex4 36 KB
    [​IMG] TDI-RT-Clone.mq4 4 KB
    [​IMG] TMS_Angleator V3 - RT2.ex4 32 KB
    [​IMG] Davits Pivot V2 - Copy.mq4 24 KB
    [​IMG] Davitpivot.tpl 27 KB

    Source.
     

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