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Davit's BB Wave System

  • #181
  • Aug 10, 2014 3:53pm Aug 10, 2014 3:53pm
Quoting shaan
and the AUDUSD daily chart with bat pattern. Also notice RSI divergence. {image}
and RSI WR% pointing up agree on divergance
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.Daily.png Size: 56 KB
In trading, you have to be defensive and aggressive at the same time
  • #182
  • Aug 10, 2014 3:55pm Aug 10, 2014 3:55pm
Quoting Davit
{quote} I will not sell NU at this levels(huge -swap) but will not buy now either.Fundamentally we are looking further depreciation of NZ economy Will consider building longs from 8250 and lower.
Why not, 8250 is old demand.
Fix up, trade sharp ...
  • #183
  • Aug 10, 2014 4:05pm Aug 10, 2014 4:05pm
AJ long stop to BE (94.33).
Fix up, trade sharp ...
  • #184
  • Aug 10, 2014 4:32pm Aug 10, 2014 4:32pm
Quoting Hickson
AJ long stop to BE (94.33).
room on upside
In trading, you have to be defensive and aggressive at the same time
  • #185
  • Aug 10, 2014 4:36pm Aug 10, 2014 4:36pm
My favorite pair this week is EJ
Nice bounce up on open and will monitor to get in on Bear side
Looking for rejection of 50 level

EJ 91% correlation with UJ keep an eye on both
http://www.myfxbook.com/forex-market/correlation/EURJPY
one of best site for correlations since its based on recent data.I use weekly TF
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.Daily.png Size: 47 KB
In trading, you have to be defensive and aggressive at the same time
  • #186
  • Aug 10, 2014 4:36pm Aug 10, 2014 4:36pm
Quoting Davit
{quote} room on upside
Indeed. Long term still up, at bottom of daily consolidation. Looks like great RR scenario to me.
Fix up, trade sharp ...
  • #187
  • Aug 10, 2014 4:37pm Aug 10, 2014 4:37pm
Quoting Davit
My favorite pair this week is EJ Nice bounce up on open and will monitor to get in on Bear side Looking for rejection of 50 level {image}
Watch EUR/USD 1.351 level. U/J might also pick up again.
Fix up, trade sharp ...
  • #188
  • Aug 10, 2014 4:46pm Aug 10, 2014 4:46pm
EJ limit short 2x37 2x3725
In trading, you have to be defensive and aggressive at the same time
  • #189
  • Edited 5:00pm Aug 10, 2014 4:48pm | Edited 5:00pm
Quoting Hickson
{quote} Indeed. Long term still up, at bottom of daily consolidation. Looks like great RR scenario to me.
Aussie fundies are shit.Check friday data.
I posted a lot about this lately.When I said room on upside meant limited room like 20-50pips not hundreds

http://www.theaustralian.com.au/busi...-1227016225781
The unemployment rate rose to a seasonally adjusted 6.4 per cent in July from 6 per cent in June, its highest level since 2002, while also beating the US jobless rate for the first time since December 2006.
The Australian dollar fell around half a US cent immediately after the data as traders priced in a 50 per cent likelihood that the Reserve Bank of Australia will buck the global trend and cut interest rates in coming months.
“The more depressed the labour market is, the longer it will take the RBA to normalise monetary policy,” said Forex.com analyst Chris Tedder.
“This is pushing back the market’s expectations of tighter interest rates, thereby making the Australian dollar less attractive,” he added.
The Reserve Bank of Australia said on Tuesday it expected recent stability in interest rates to continue. It left its cash-rate target steady at 2.5 per cent, marking 12 months

They also downgraded their inflation and GDP numbers for 2014
Overall metals and mining are down and only sector that has potential is housing.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY.Daily.png Size: 45 KB
In trading, you have to be defensive and aggressive at the same time
  • #190
  • Aug 10, 2014 6:11pm Aug 10, 2014 6:11pm
Quoting Davit
{quote} Aussie fundies are shit.Check friday data. I posted a lot about this lately.When I said room on upside meant limited room like 20-50pips not hundreds http://www.theaustralian.com.au/busi...-1227016225781 The unemployment rate rose to a seasonally adjusted 6.4 per cent in July from 6 per cent in June, its highest level since 2002, while also beating the US jobless rate for the first time since December 2006. The Australian dollar fell around half a US cent immediately...
Well, I am not much of a fundamental trader, but I know the Aussie data has not been the best, to say the least. However, when I said overall is still up, I meant A/J. I mean, look at the chart - we are in a range on daily and the recent area is a demand zone that has been validated by PA on Friday. U/J is also at demand and closed bullish on Friday which gives reason to believe in some upside at least. I may be totally wrong here of course, but it looks worth a try to aim for more than 50.
Fix up, trade sharp ...
  • #191
  • Aug 10, 2014 7:18pm Aug 10, 2014 7:18pm
Short EJ 3690 2x
Have limit shorts at 37 2x /3725 2x

UJ is struggling to break 50 level if fails will short that as well
In trading, you have to be defensive and aggressive at the same time
  • #192
  • Aug 10, 2014 7:23pm Aug 10, 2014 7:23pm
Quoting Davit
Short EJ 3690 2x Have limit shorts at 37 2x /3725 2x UJ is struggling to break 50 level if fails will short that as well

davit, I assume this trade is on the 1HR and the 50 level trade on daily? is this correct?
YOUR MOTHERS ASS
  • #193
  • Aug 10, 2014 7:27pm Aug 10, 2014 7:27pm
Quoting santos23
{quote} davit, I assume this trade is on the 1HR and the 50 level trade on daily? is this correct?
No Trade is based on daily 50 level however I noticed PA struggling to break 37 hence got in early for possible PA running south without me.
To me I already made the decision to short at 37 so 10pips difference means little to me.I often do this.My lots are small for that purpose.
In trading, you have to be defensive and aggressive at the same time
  • #194
  • Aug 10, 2014 7:27pm Aug 10, 2014 7:27pm
Quoting Davit
{quote} Yes looking at the AU behavior for longs.I have this {image}

Hi Davit
I've put some longs ~0.92769 yet by monitoring CCI14 daily pos. divergence.
(0.9236-0.94175 range seems interesting for me).
Monthly could go further down.
FXcube
  • #195
  • Aug 10, 2014 7:32pm Aug 10, 2014 7:32pm
Quoting Forexcube
{quote} Hi Davit I've put some longs ~0.92769 yet by monitoring CCI14 daily pos. divergence. Monthly could go further down. FXcube
Hi Cube glad to see you here
Friday Aussie data was negative and I am not touching this until further down..There is talk of interest rate cut.Commodities down,metals down,mining weak.
Overall I don't see good reason to buy Aussie. 60% retail long on AUD....that should raise red flags...65% long on UJ another red herring
REgards
In trading, you have to be defensive and aggressive at the same time
  • #196
  • Aug 10, 2014 7:34pm Aug 10, 2014 7:34pm
Quoting Davit
{quote} Hi Cube glad to see you here Friday Aussie data was negative and I am not touching this until further down..There is talk of interest rate cut.Commodities down,metals down,mining weak. Overall I don't see good reason to buy Aussie. REgards

In this case you could make more money.
I wish you green and fat pips!
FXcube
  • #197
  • Aug 10, 2014 7:38pm Aug 10, 2014 7:38pm
Quoting Forexcube
{quote} In this case you could make more money. I wish you green and fat pips! FXcube

Looking at EG to break psychological barrier at 80
Looking to short this. Fact is EZ fundies are terrible VS UK
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.H4.png Size: 35 KB
In trading, you have to be defensive and aggressive at the same time
  • #198
  • Aug 10, 2014 7:46pm Aug 10, 2014 7:46pm
Short EG 7987 2x
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.Daily.png Size: 46 KB
In trading, you have to be defensive and aggressive at the same time
  • #199
  • Aug 10, 2014 8:35pm Aug 10, 2014 8:35pm
Hi Davit
The EUR-CAD is in the same case.
Thanks for your attention.
  • #200
  • Edited 9:15pm Aug 10, 2014 8:41pm | Edited 9:15pm
Quoting ricreal
Hi Davit The EUR-CAD is in the same case. Thanks for your attention.
EC short 2x4702
Got to admit out of my live trades EC is the weakest
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD.Daily.png Size: 47 KB
In trading, you have to be defensive and aggressive at the same time
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