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Davit's Confluence Trading

  • #641
  • Dec 20, 2013 6:38pm Dec 20, 2013 6:38pm
Hey Davit!

I owed to myself paying a visit to your journal. Retail trading should have more people like you, focused and who maintain humility despite their experience, and who are there always to help the new ones. It must be your artistic vein, you reflect that in your personality. Btw, I'm a pianist, I play mostly Bach, Chopin and Beethoven, and some more contemporary like Yanny, Ludovico Eunaidi and Yan Tiersen.

I like your concept of averaging price. I'd personally do some adjustments. In theory your first (and 2nd) positions you are willing to momentarily "lose" them while price keeps finding the very top if you are shorting, so in my head I'd divide my lot(s) with the firsts being little compared to the 3rd and 4th. At least in my head that's how Livermore would do it But hey, you should know best!

Inserted Video
Best time to plant a tree was 20 years ago, second best is now
  • #642
  • Dec 21, 2013 3:34am Dec 21, 2013 3:34am
Quoting horuxito
Hey Davit! I owed to myself paying a visit to your journal. Retail trading should have more people like you, focused and who maintain humility despite their experience, and who are there always to help the new ones. It must be your artistic vein, you reflect that in your personality. Btw, I'm a pianist, I play mostly Bach, Chopin and Beethoven, and some more contemporary like Yanny, Ludovico Eunaidi and Yan Tiersen. I like your concept of averaging price. I'd personally do some adjustments. In theory your first (and 2nd) positions you are willing...
Hi Horuxito
Nice for you to visit.I have not posted my journal for a while and deliberately.I needed "space" to think about my faults and sharpen my strengths.
My younger son is pianist as well.Love him playing Bach almost daily.
Yes you are correct that lower lots should be smaller.Keep in mind that every system has losers and that's when you must decide when to take a loss.
I am using bollinger bands now to gauge the market.Works great in range market but not so great in strong trending markets.Weird as this sounds to most I prefer range markets then strong trending instruments like Yen pairs.

Set up 2 Bollinger Bands
1st 2 deviations
2nd 3rd deviations
Everything else default
RSI 14 default
When price is inside 2nd and 3rd deviation and RSI 70/30 then you got high probability trade.
I think of this set up as higher probable winning set up then lot of things I looked into including MA systems.
GU trades are in profit.Have not set TP yet but looking for 200-300pips range.
Regards
Check out Euro Trade now
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.daily.png Size: 46 KB
Click to Enlarge Name: gbpusd.daily.png Size: 38 KB
In trading, you have to be defensive and aggressive at the same time
  • #643
  • Dec 21, 2013 11:25am Dec 21, 2013 11:25am
Quoting Davit
{quote} Hi Horuxito Nice for you to visit.I have not posted my journal for a while and deliberately.I needed "space" to think about my faults and sharpen my strengths. My younger son is pianist as well.Love him playing Bach almost daily. Yes you are correct that lower lots should be smaller.Keep in mind that every system has losers and that's when you must decide when to take a loss. I am using bollinger bands now to gauge the market.Works great in range market but not so great in strong trending markets.Weird as this sounds to most I prefer range...
A family of artists, that's wonderful! Bach is amazing, just as it happens to you with chess, baroque music activates both hemispheres of the brain. Left hand generally just accompanies the right hand, but Bach made sure that was not the case, for example in the 15 Two Part Inventions, the left hand has to play the first phrase when the right starts the 2nd, out of this world!

Your artistic work is amazing. I went through your resume and gallery and is impressive!

I know what you mean when you say sometimes one needs space to think about the strategy.

Totally agree about ranging markets vs trending. Ranging are beautiful because once they hit the roof they come down to the mean and then to the floor. It will happen also in trending markets, the only problem is that the previous roof become the new mean.

Thank you for sharing your settings, you forgot to mention the number of periods for the BB's.

I love all these concepts of mean, deviation from the mean, and gravity. I don't know if you've ever used envelopes, they are similar to BB's but instead of deviating from the mean they simply are a % of current price (given by the moving average you are using). When you use them you know the band is far away from the mean by a defined number of pips, for example 300, and that historically cannot travel 600 pips beyond the center. If at any give time you see price trading 500 pips away from the mean you can rest asure it will come back to the mean. I observed the EURUSD to mentions these numbers

See this daily eurusd chart. 100 ema with 2% and 4% envelopes. The arrows light when price is far away from the mean by x number of pips, in this example 400, 500 and 600. I attached an indicator I coded if you find the concept useful.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 71 KB
Attached File(s)
File Type: mq4 #Far_Away.mq4   3 KB | 249 downloads
Best time to plant a tree was 20 years ago, second best is now
  • #644
  • Dec 22, 2013 7:34am Dec 22, 2013 7:34am
Quoting horuxito
{quote} A family of artists, that's wonderful! Bach is amazing, just as it happens to you with chess, baroque music activates both hemispheres of the brain. Left hand generally just accompanies the right hand, but Bach made sure that was not the case, for example in the 15 Two Part Inventions, the left hand has to play the first phrase when the right starts the 2nd, out of this world! Your artistic work is amazing. I went through your resume and gallery and is impressive! I know what you mean when you say sometimes one needs space to...

Hi Horuxito
Merry Christmas and happy holidays.
Thanks for your indi.I did place it on my charts and will play with it.My BB setting other then deviation change everything else is default that is 20periods.I like 20periods since I trade the daily chart and 20 days is plenty for showing extreme deviations.RSI 14 is default as well.
As you can tell as an artist my true passion is art and trading to me is an art form which actually is and means to free myself from financial strains.I am still in "budding" stage so working towards truly consistent profitability.I think I am getting there.I made lot of mistakes in 2013 which I paid dearly.
Thanks for checking my work.It kind suffered lately time consumed trading but lately I am getting in doing my work again and to me amazement I see things more clearly.So its nice doing something else to clear the head.Watching the charts too much can be less productive.
Enjoy your holidays
In trading, you have to be defensive and aggressive at the same time
  • #645
  • Dec 22, 2013 11:48am Dec 22, 2013 11:48am
Quoting Davit
{quote} Hi Horuxito Merry Christmas and happy holidays. Thanks for your indi.I did place it on my charts and will play with it.My BB setting other then deviation change everything else is default that is 20periods.I like 20periods since I trade the daily chart and 20 days is plenty for showing extreme deviations.RSI 14 is default as well. As you can tell as an artist my true passion is art and trading to me is an art form which actually is and means to free myself from financial strains.I am still in "budding" stage so working towards truly consistent...
Thanks! Merry Christmass to you and your family as well!

2014 can only get better for you and thank you for sharing your thoughts about 2013 and the way you see the markets as an art... although sometimes is very similar to a Pollock painting

Cheers!
Best time to plant a tree was 20 years ago, second best is now
  • #646
  • Dec 25, 2013 3:53am Dec 25, 2013 3:53am
Good Morning fellow Traders
Wishing you Merry Christmas and happy New Year
Let 2014 be a profitable year and continue your quest to overcome obstacles.Remember anything great is achieved by hard work.
Don't quit and don't let your losses bring you down.Overcome them and find reasons why and actively work towards success.I firmly believe success happens in the brain before trading.If your friends are losers and you feel close to them then don't expect different result yourself.Break out of your bad habits and don't let negatives people around you to bring you down.
Wish you the best


I did a woodcut last night so I'll share with you.Cheers
Inspired by fighting nature of a rooster
Attached Image (click to enlarge)
Click to Enlarge Name: rooster5.jpg Size: 1.3 MB
In trading, you have to be defensive and aggressive at the same time
  • #647
  • Dec 25, 2013 10:51am Dec 25, 2013 10:51am
Quoting Davit
Good Morning fellow Traders Wishing you Merry Christmas and happy New Year Let 2014 be a profitable year and continue your quest to overcome obstacles.Remember anything great is achieved by hard work. Don't quit and don't let your losses bring you down.Overcome them and find reasons why and actively work towards success.I firmly believe success happens in the brain before trading.If your friends are losers and you feel close to them then don't expect different result yourself.Break out of your bad habits and don't let negatives people around you...
Amazing art work!
Best time to plant a tree was 20 years ago, second best is now
  • #648
  • Dec 25, 2013 4:46pm Dec 25, 2013 4:46pm
Quoting horuxito
{quote} Amazing art work!

Thanks for your appreciation!

Sharing my slight modified BB set up.Main difference instead of 14 RSI replaced with 8RSI
8 response better.
RSI is wonderful also spotting divergence.Notice how price on most pairs are residing right on top of 20SMA BB middle line.Its great visual tool to avoid dead areas.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.daily.png Size: 35 KB
Attached File(s)
File Type: tpl davit bb.tpl   11 KB | 305 downloads
In trading, you have to be defensive and aggressive at the same time
  • #649
  • Dec 26, 2013 5:34am Dec 26, 2013 5:34am
Quoting Davit
{quote} Thanks for your appreciation! Sharing my slight modified BB set up.Main difference instead of 14 RSI replaced with 8RSI 8 response better. RSI is wonderful also spotting divergence.Notice how price on most pairs are residing right on top of 20SMA BB middle line.Its great visual tool to avoid dead areas. {image} {file}
Love your rooster. A merry Christmas and a profitable 2014 to you and all fellow traders
Be water, my friend
  • #650
  • Dec 26, 2013 2:23pm Dec 26, 2013 2:23pm
Quoting spocktrader
{quote} Love your rooster. A merry Christmas and a profitable 2014 to you and all fellow traders

Happy Holidays Spocktrader.Same wishes to you as well.I feel good about 2014

Did another woodcut last night.Very attracted to Crows for some reason.They are very smart birds and quick learners.In one documentary I watched a crow dropping a walnut on traffic and waiting red light to pick the rewards.
Anyway here is the artwork
Attached Image (click to enlarge)
Click to Enlarge Name: crow1.jpg Size: 1.2 MB
In trading, you have to be defensive and aggressive at the same time
  • #651
  • Dec 27, 2013 12:08am Dec 27, 2013 12:08am
Quoting Davit
{quote} Happy Holidays Spocktrader.Same wishes to you as well.I feel good about 2014 Did another woodcut last night.Very attracted to Crows for some reason.They are very smart birds and quick learners.In one documentary I watched a crow dropping a walnut on traffic and waiting red light to pick the rewards. Anyway here is the artwork {image}
I like the life they get, I think the key is the "eye" in both woodcuts, they are great and transmit personality.

Thanks for sharing your new template. I think rsi 8 could be great for divergence just as you mention.

Regards!
Best time to plant a tree was 20 years ago, second best is now
  • #652
  • Dec 30, 2013 1:36am Dec 30, 2013 1:36am
Horuxito
Thanks for appreciating my work.

GU is on my sell zone.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.daily.png Size: 38 KB
In trading, you have to be defensive and aggressive at the same time
  • #653
  • Dec 30, 2013 1:38am Dec 30, 2013 1:38am
1.38 is still continuing to be a major resistance
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.daily.png Size: 39 KB
In trading, you have to be defensive and aggressive at the same time
  • #654
  • Dec 30, 2013 1:41am Dec 30, 2013 1:41am
on my BB system EU is on neutral zone.RSI is getting closer to 70.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.daily.png Size: 44 KB
In trading, you have to be defensive and aggressive at the same time
  • #655
  • Dec 30, 2013 10:00am Dec 30, 2013 10:00am
there was some request about the indicators.
RSI is default meta indicator.I just added 2 rectangles on OB OS levels
Value is 8 period
I will upload the ADR
Attached File(s)
File Type: ex4 ADR_v2.ex4   11 KB | 227 downloads
In trading, you have to be defensive and aggressive at the same time
  • #656
  • Jan 2, 2014 9:51am Jan 2, 2014 9:51am
closed all my swissy longs in profit
+154pips
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.daily.png Size: 40 KB
In trading, you have to be defensive and aggressive at the same time
  • #657
  • Jan 10, 2014 2:37pm Jan 10, 2014 2:37pm
Closed all my Euro shorts in profit.

Orders that are going on
GU shorts from 6485 total 12 of them
USD/CHF long at 9022 and will buy every 50pips down
In trading, you have to be defensive and aggressive at the same time
  • #658
  • Jan 13, 2014 10:45am Jan 13, 2014 10:45am
Closed all my GU orders in 1 account
Moved my primary account all shorts to 6390 SL
Would not mind going up again and shorting again.
+302pips on 6orders
In trading, you have to be defensive and aggressive at the same time
  • #659
  • Jan 13, 2014 11:05am Jan 13, 2014 11:05am
Nice work.
THERE IS NO SYSTEM
  • #660
  • Jan 13, 2014 11:53am Jan 13, 2014 11:53am
Quoting samansadeghi
Nice work.

Thanks bro
I Closed Swissy longs with minor profits.Don't like the PA now.
I will enter long mid 89 and lower.
Regards
In trading, you have to be defensive and aggressive at the same time
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