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Davit's Confluence Trading

  • #681
  • Apr 15, 2014 4:42am Apr 15, 2014 4:42am
Brilliant Stuff.................................................
  • #682
  • Apr 15, 2014 4:50am Apr 15, 2014 4:50am
Quoting Forexcube
{quote} #676 Neato, ...brilliant! Longer Term trades seems in favour! FXcube
Thank you FXcube, Danc
I have been holding trades longer lately and harvesting profits from retracements.
In a nut shell I am a counter trader.
Green pips
In trading, you have to be defensive and aggressive at the same time
  • #683
  • Apr 15, 2014 4:56am Apr 15, 2014 4:56am
Quoting tlpfx14
{quote} excellent! pls. post charts often to share your trading views cheers
Thank you friend
I post lot about fundamentals.In my view market reacts directionally to important news events then reacts to it.
Example 100pip drop from weak milk prices on Kiwi recently.
Looking at the chart alone would of not showed why it dropped that much and fast.
30% of New Zealand economy is exporting dairy products and milk price are very important to NZ economy.
If you click on sig you'll find where I post most my views.I use charts as well but charts don't show what's really going on...
Example please read this excellent report on EU

regards
Attached File(s)
File Type: pdf QR.pdf   4.7 MB | 556 downloads
In trading, you have to be defensive and aggressive at the same time
  • #684
  • Apr 15, 2014 5:02am Apr 15, 2014 5:02am
Quoting grin
{quote} It is a fairly tradeable chart. Does any one want to bet on Davit's performance?
April results so far
Numbers are identical on 2 accounts I trade.
Slight curve on chart are fees drawn from swap
Regards
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 14 KB
In trading, you have to be defensive and aggressive at the same time
  • #685
  • Apr 16, 2014 9:50pm Apr 16, 2014 9:50pm
Impressive results indeed. As far as I see you don't use SL. Would you mind sharing your position size? What's the maximal DD you allow on your open positions?

Thanks for sharing and keep up the good work
Be water, my friend
  • #686
  • Apr 18, 2014 9:22am Apr 18, 2014 9:22am
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...
Thank you Davit with your humble and helpful approach.
I have noticed that BBs sometimes run away with price when the market is trending. To know when it is going to do that I use ADX 7 and 14 in the same window showing momentum strength. So when the ADXs are over 20, it means there is momentum and the market is trending. When there is cross over of two ADXs it suggest momentum is slowing down and reliability of BBs is back. Also I put another BB 100 and when the price touches the upper or lower bands usually fades away. Further I also use Fibonacci extensions to gauge the extent of the move and possible reversal points.
I hope this may add to your nice strategy.
  • #687
  • Apr 18, 2014 9:29am Apr 18, 2014 9:29am
Quoting shaan
{quote} Thank you Davit with your humble and helpful approach. I have noticed that BBs sometimes run away with price when the market is trending. To know when it is going to do that I use ADX 7 and 14 in the same window showing momentum strength. So when the ADXs are over 20, it means there is momentum and the market is trending. When there is cross over of two ADXs it suggest momentum is slowing down and reliability of BBs is back. Also I put another BB 100 and when the price touches the upper or lower bands usually fades away. Further I also use...
Thanks for your feedback
Yes confluence of lot of things.Fundamentals news release etc.I like to see a chart show both ADX and BB 100
I am just a visual person.Thank you shaan looks interesting.
In trading, you have to be defensive and aggressive at the same time
  • #688
  • Apr 18, 2014 9:37am Apr 18, 2014 9:37am
Quoting spocktrader
Impressive results indeed. As far as I see you don't use SL. Would you mind sharing your position size? What's the maximal DD you allow on your open positions? Thanks for sharing and keep up the good work
Hi Spocktrader
I have SL its just different
My SL is amount of money set for that trade
Example $500 to short EU .50 a pip gives you 1000 pip distance
Now its up to you how you use this "distance"
Once 500 is reached I take the loss.So DD is predetermined. My DD is usually 2-15% max
Its acceptable Turtle Traders often had 30-40% DD and that was trend trading system.DD is personal.I take more risk when fundamentally I know I have a great positions such as shorting NU from 87.Knowing Its historical high number I went in lot more aggressive lots and positions.So I very my position size depending on quality of trade.
Regards

My updated April results.Took some minor losses because I did not want open positions over weekend.
UP 14%
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 15 KB
In trading, you have to be defensive and aggressive at the same time
  • #689
  • Apr 18, 2014 9:57am Apr 18, 2014 9:57am
Quoting Davit
{quote} Thank you FXcube, Danc I have been holding trades longer lately and harvesting profits from retracements. In a nut shell I am a counter trader. Green pips
Hi Davit
Are you Counter trader??
wow, impressive
by the way, why don't you use SL???
Looks like dangerous for me, but you can survive when trend against you..
impressive skill
Tdk ada yang salah dengan seekor Gagak. Dibandingkan burung yang terkurung
  • #690
  • Apr 18, 2014 9:57am Apr 18, 2014 9:57am
Quoting Davit
{quote} Thanks for your feedback Yes confluence of lot of things.Fundamentals news release etc.I like to see a chart show both ADX and BB 100 I am just a visual person.Thank you shaan looks interesting.
I also realized visual reference would be more important. I also add RSI divergence to these charts.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 45 KB
  • #691
  • Apr 18, 2014 10:52am Apr 18, 2014 10:52am
Quoting shaan
{quote} I also realized visual reference would be more important. I also add RSI divergence to these charts. {image}
Thanks Shaan.Looks good
In trading, you have to be defensive and aggressive at the same time
  • #692
  • Apr 18, 2014 10:54am Apr 18, 2014 10:54am
Quoting Harlen
{quote} Hi Davit Are you Counter trader?? wow, impressive by the way, why don't you use SL??? Looks like dangerous for me, but you can survive when trend against you.. impressive skill
Forex is risky.Don't trade like me or anyone else until you understand and gain experience.Work out what works for you.
Using same system trader A can be profitable trader B unprofitable.
Lot depends how you manage your trades.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #693
  • Apr 18, 2014 12:08pm Apr 18, 2014 12:08pm
Hi Davit - good job

Thank you for the template you sent me

Take care
  • #694
  • Apr 19, 2014 8:30pm Apr 19, 2014 8:30pm
Quoting Davit
{quote} Thanks Shaan.Looks good
GBPUSD
Bollinger Bands extremes and touching 100 BB upper line.
RSI 70 with divergence
Momentum down
Fibonacci extension of 161 met
Pin bar

Also have a look at GBPNZD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 35 KB
Click to Enlarge Name: gbpnzddaily.png Size: 34 KB
  • #695
  • Apr 22, 2014 8:59am Apr 22, 2014 8:59am
Quoting Davit
{quote} Hi Spocktrader I have SL its just different My SL is amount of money set for that trade
To me, that's a conventional SL, i.e. you calculate your position size according to the maximum amount you're prepared to lose. And I guess your stop seldom gets triggered because your position is small enough to allow a broad SL, that's why I was asking.
I also try to control risk by being underpositioned. And for I don't use SL I calculate position size according to the movement of the currency pair. For example if Cable moves 1% it moves more or less 1% of my equity on that position; in that case I'd make (or lose) 168 bucks on a 16k account. Currently I've got 32 positions open. For my positions are that small I hardly have any losers, so all I have to do is to control the DD on open positions (seldom more than 10%).

Cheers and good trading
Be water, my friend
  • #696
  • Apr 22, 2014 9:37am Apr 22, 2014 9:37am
Quoting spocktrader
{quote} To me, that's a conventional SL, i.e. you calculate your position size according to the maximum amount you're prepared to lose. And I guess your stop seldom gets triggered because your position is small enough to allow a broad SL, that's why I was asking. I also try to control risk by being underpositioned. And for I don't use SL I calculate position size according to the movement of the currency pair. For example if Cable moves 1% it moves more or less 1% of my equity on that position; in that case I'd make (or lose) 168 bucks on a 16k...
Hi bro
I like your technique as well.I do same when I have a great positions like recent NU shorts. At 87 I didn't worry about upside and had 12shorts on it.
Good luck with your trades
In trading, you have to be defensive and aggressive at the same time
  • #697
  • Apr 22, 2014 6:07pm Apr 22, 2014 6:07pm
There have been requests for my indicators template
Here it is
Clean Base template and BB template

Indicators

How to use the color fib tools

Place indicator on your chart. You can place multiple copies of the indi if you make each TrendName value unique (i.e Fib1, Fib2, Fib3, etc).
Draw a trendline where you want the Fibonacci levels calculated (same as you would with the MT4 fib retracement tool). Open the trendline properties box and name the trendline the same as the TrendName i.e. "Fib1".
Fib levels will calculate on next tick or you can refresh your chart.
To make changes open the Fibo_Independence indicator properties box and make adjustments
You can choose which levels to display, what color each of the lines are, what width each of the lines are, and what style each of the lines are all without redrawing the fib.
To make any of the settings the "default" make changes in MetaEditor and then compile the indicator again.



Fibo_Independence E – works same as Fib_Independence except it marks external fib retracements on the trend line length i.e. 161.8%. (Open the trendline properties box and name the trendline "FibE1".)
Attached File(s)
File Type: tpl davit base.tpl   10 KB | 441 downloads
File Type: tpl bb.tpl   13 KB | 467 downloads
File Type: ex4 ADR_v2.ex4   11 KB | 400 downloads
File Type: mq4 daily_open_line.mq4   2 KB | 370 downloads
File Type: ex4 FFCal Headlines.ex4   36 KB | 351 downloads
File Type: mq4 Fibo_Independence E.mq4   12 KB | 367 downloads
File Type: mq4 Fibo_Independence.mq4   13 KB | 396 downloads
File Type: mq4 Magnified Market Price.mq4   1 KB | 373 downloads
In trading, you have to be defensive and aggressive at the same time
  • #698
  • Apr 27, 2014 2:01pm Apr 27, 2014 2:01pm
To Be Honest...

I find 2 of the most worthless indicators to be used to be BB and RSI....

But yet...they seem to produce.

You've inspired me again, Davit!!

I have thrown together a pure, M1 (could be traded on any tf), Bollingerband Trigger Dynamic EA and have underfunded an account to see if this POS will hold on its own...

Why?

Well, like the reason that I do anything...I'm half in the bag and really haven't got much else to do...
And
Really, WHY the Fuck NOT?

Have linked an explorer to it...

What makes me believe that it will fail?
LOGIC

What makes me believe that it might succeed?
I'm half in the bag, this is when I do my best work!!

Though I put very little faith into back tests...here is what it "MIGHT", look like on a single pair...I am testing on 3 pairs.

http://widgets.myfxbook.com/widgets/905173/small.jpg
Attached Image (click to enlarge)
Click to Enlarge Name: mybbl.png Size: 31 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #699
  • May 1, 2014 8:44am May 1, 2014 8:44am
finished April in stellar results 14% on equity
Attached Image (click to enlarge)
Click to Enlarge Name: April 2014.PNG Size: 17 KB
In trading, you have to be defensive and aggressive at the same time
  • #700
  • May 1, 2014 8:46am May 1, 2014 8:46am
Quoting Magix
To Be Honest... I find 2 of the most worthless indicators to be used to be BB and RSI.... But yet...they seem to produce. You've inspired me again, Davit!! I have thrown together a pure, M1 (could be traded on any tf), Bollingerband Trigger Dynamic EA and have underfunded an account to see if this POS will hold on its own... Why? Well, like the reason that I do anything...I'm half in the bag and really haven't got much else to do... And Really, WHY the Fuck NOT? Have linked an explorer to it... What makes me believe that it will fail? LOGIC What...
Magix you are magic
Great results wow.You are m1 master.I will keep a track of the progress.
Best of luck
In trading, you have to be defensive and aggressive at the same time
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