Davit's Confluence Trading

I deleted everything from 1st page.Since 2012 obviously I have grown as a trader. What was important no longer now that goes for indicators trading style etc.
Not interested in teaching how I trade.Done that for 4yrs.You want insight check out Pivot trading in systems.
Advance traders welcome to share anything.I will post whatever I feel like since this is my journal.

My actives trades Oct 1 10:31 NY time
Long on UCAD 9818 9809
I drew the lines to illustrate logic behind my orders. Price is ranging between those red lines and I will exit once it hits 9850 level
My SL is 9780 area.

Closed my Cad buys since I don't like News(Bernanke speaking in 40min) trading.
+31pips

Scalped today on Euro +20pips.
Better then nothing but dead market.Hard PA to figure out.
This is the time to step back and wait for good set ups.
Aussie dollar looks enticing at 1.021 long however daily shows easy .96 as well.
Euro still remains the queen which sets the tempo.If Euro climbs jump on Aussie and cable too.
For now drink ,think and relax

Went long on AU 10217

Some thoughts about trading.
Trade less but hold position longer for max profits.Wait for proper set ups.
Waiting possible bounce from 200EMA (yellow) Looks like major S/R level as well.I use fibs a lot in my trading so its there as well

Waiting for AU unemployment data. Leaning on Bears

I have been using limit orders with great success lately.
Idea is if we know direction of the main trend but market is in range mode then we could place limit orders to be triggered at numbers most beneficial.(not a new idea original Turtle traders used limit orders as their primary weapon)
UCAD was ranging lately between 9760-98 but hovering around 9780
So I placed limit order at 9770 which was triggered and closed at 98.Stress free 30pips.
I have limit orders at 1020/1019/1018 on AU.All those numbers are on major demand zone.
Price is currently 1023 but it could gap down on Monday to trigger my orders.

Went long on UC at 9780 TP 9810
Price is in the channel. I have bigger limit order at 9750

Hello Davit

I like the way you trade and see things here (I've seen your posts in FXpro's thread). I'm following Rocky's thread as well (seen you there too ) as I truly believe supply and demand is what really move any market.

Good luck with you journal, looking forward to learn from you and your trading methods.

Subscribed and best wishes

Arkpip
Thanks for your post.Very refreshing.I will post as much as I can about my orders.

UCAD TP hit easy +30pips

Watching Aussie to hit supply zone 1029 and if wont pierce possible short to 22-20 demand zone

I went strategic short on Euro at 31 and may add more shorts if London pushes higher.
This is rumor,hype driven and bloom will get busted.Price hit a resistance on the left.Blue line.

What happened to your 4 long USDCAD positions you had on a while back?

Closed all of them with profit at 9838. I have more limit buys now.at 9790 80 and 2x9750
Thanks for checking my journal.

My buy limits are triggered on UCAD
9770 1lot 9785 1lot 97901lot
2lot waiting at 9750 to be activated if price reaches.

According to Donchian- genius of trend following
3 day up move follows 1day down move
Euro looks like a candidate.

Just watching for signs.

closed my 3 buys UCAD at 9825 +127 pips
http://www.forexfactory.com/attachme...7&d=1350572611

No trades yet ranging markets

Possible trade on UCAD tomorrow,once confirmed
Most likely I will wait until Tues 9am Boc Rate release if rates are cut I am going long.

Waiting for Euro direction move.Its ranging in very narrow range.
I primary trade UCAD so for those unfamiliar if Euro goes UP short the UCAD if Euro goes down long UCAD.
We had no retrace yet on UCAD and I am looking for possible short. Daily trend is up however it could drop to 9820 area and resume the up trend again.
I'll post my daily and 4h
Orange line is 50EMA yellow 200EMA Price itself is my fastest indicator.