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Davit's Confluence Trading

  • #761
  • May 16, 2014 12:37am May 16, 2014 12:37am
since this is confluence trading I'll post this.

My immediate plan of action
Sell the rallies (should they occur)
Ideally your best strongest lots should be at "best Zone" and your smallest lots at "weak Zone"
Just sharing some technique
Should price get rejected at 38 fib once confirmed trend is heading south again then you can add more lots to winning position hence turning weak zone into a strong zone.Diagram below is typical price movement the backbone of harmonics.
According to Scott Carney harmonic expert once price violates 88.6fib then most likely it will surpass original measurement.In essence 88.6 is last chance of reversal.
Anyway good luck remember not trading is trading as well.Think of predators stalking for right time to sprint.They are the best traders
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In trading, you have to be defensive and aggressive at the same time
  • #762
  • May 16, 2014 12:57am May 16, 2014 12:57am
Quoting Davit
since this is confluence trading I'll post this.
I wondered where the chart went, was about to quote it on the EUthread... Nice chart, good plan. Are you long for that targets as well, or more one of the 'one direction' guys?
Fail better.
  • #763
  • May 16, 2014 1:09am May 16, 2014 1:09am
Quoting LarryDarrell
{quote} I wondered where the chart went, was about to quote it on the EUthread... Nice chart, good plan. Are you long for that targets as well, or more one of the 'one direction' guys?
Going to focus on my journal mostly.Too many distractions on EU thread.
I'll be looking to sell.If people drop by here is fine if not its fine as well.
regards
In trading, you have to be defensive and aggressive at the same time
  • #764
  • May 16, 2014 1:37am May 16, 2014 1:37am
limit shorts on A/CHF
2x8360
2x8380
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In trading, you have to be defensive and aggressive at the same time
  • #765
  • May 16, 2014 6:51am May 16, 2014 6:51am
Quoting Davit
since this is confluence trading I'll post this. My immediate plan of action Sell the rallies (should they occur) Ideally your best strongest lots should be at "best Zone" and your smallest lots at "weak Zone" Just sharing some technique Should price get rejected at 38 fib once confirmed trend is heading south again then you can add more lots to winning position hence turning weak zone into a strong zone.Diagram below is typical price movement the backbone of harmonics. According to Scott Carney harmonic expert once price violates 88.6fib then most...
I really like that chart Davit. I wish I could make my fibs look like that in MT4. Must be a custom indy?
Ghost Rider - WWTBMD?
  • #766
  • May 16, 2014 8:00am May 16, 2014 8:00am
Quoting albchr
{quote} I really like that chart Davit. I wish I could make my fibs look like that in MT4. Must be a custom indy?
post 697 has all the indies templates and how to use it.
http://www.forexfactory.com/showthre...387078&page=35
Regards
In trading, you have to be defensive and aggressive at the same time
  • #767
  • Edited May 19, 2014 12:11am May 18, 2014 11:44pm | Edited May 19, 2014 12:11am
closed all my 8 shorts at 9353
+96pips
Who needs Trend! When we got range

Closed A/CHF short +24pips
total Monday so far +120pips
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In trading, you have to be defensive and aggressive at the same time
  • #768
  • May 19, 2014 12:32am May 19, 2014 12:32am
Dear Davit,
Nice week start up.
  • #769
  • May 19, 2014 1:16am May 19, 2014 1:16am
Quoting Davit
closed all my 8 shorts at 9353 +96pips Who needs Trend! When we got range Closed A/CHF short +24pips total Monday so far +120pips {image} {image}
Nice work. This is how I saw Oz - A harmonic creature. I'm out of this now also looking for higher levels to ride down. 94 would be nice. 942 better still. 9525 just dreamy.

All the best amigo.

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It's all about bucks, kid. The rest is conversation.
  • #770
  • May 19, 2014 1:32am May 19, 2014 1:32am
Quoting azfarjaved
Dear Davit, Nice week start up.
Thanks friend good luck.
Don't force trades just take good ones.Green pips
In trading, you have to be defensive and aggressive at the same time
  • #771
  • May 19, 2014 1:35am May 19, 2014 1:35am
Quoting Lalu
{quote} Nice work. This is how I saw Oz - A harmonic creature. I'm out of this now also looking for higher levels to ride down. 94 would be nice. 942 better still. 9525 just dreamy. All the best amigo. {image}
Nice Charts Lalu

I have Pending shorts on AU from 9375-94
and lot on NU (chart shows better my limit shorts). Just need push up to trigger.
EU will become very nice hopefully to short from 3780+
Green pips
One tip.Stay away from GU...unless its really showing weakness.Fundamentally UK is doing great so shorting it is riskier but buying is also risky at this monthly highs.You see some things are not worth touching....
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In trading, you have to be defensive and aggressive at the same time
  • #772
  • May 19, 2014 1:49am May 19, 2014 1:49am
I agree with you there. I will wait for altitude sickness to kick in on GU before a short. On eu I think the fear of intervention will pummel this closer to the time, whether it happens or not, and in the meantime I watch for a psychotic reach for the stars to smother with a few shorts. That's the plan.

Also watching UC for north move. Drifting aimlessly at the mo as if nothing is going on.
It's all about bucks, kid. The rest is conversation.
  • #773
  • May 19, 2014 1:55am May 19, 2014 1:55am
Quoting Lalu
I agree with you there. I will wait for altitude sickness to kick in on GU before a short. On eu I think the fear of intervention will pummel this closer to the time, whether it happens or not, and in the meantime I watch for a psychotic reach for the stars to smother with a few shorts. That's the plan. Also watching UC for north move. Drifting aimlessly at the mo as if nothing is going on.
There is just no volume on EU
It seems bulls just evaporated...
In trading, you have to be defensive and aggressive at the same time
  • #774
  • May 19, 2014 2:13am May 19, 2014 2:13am
Quoting Davit
{quote} There is just no volume on EU It seems bulls just evaporated...
I think it's to be expected after the recent action. It's a mexican stand off/pause for breath but soon enough the game will be back on. If the tptb want it lower then it make sense that we go higher first and fleece the natives.
It's all about bucks, kid. The rest is conversation.
  • #775
  • May 19, 2014 2:35am May 19, 2014 2:35am
Quoting Davit
{quote} There is just no volume on EU It seems bulls just evaporated...
My view on Friday hasn't changed. 3770ish to 3795 max for shorts if it even gets there. I suspect it will get close (prob 3750ish) but may take a little time.
Ghost Rider - WWTBMD?
  • #776
  • May 19, 2014 2:42am May 19, 2014 2:42am
Quoting albchr
{quote} My view on Friday hasn't changed. 3770ish to 3795 max for shorts if it even gets there. I suspect it will get close (prob 3750ish) but may take a little time.

I may start shorting even at 3750....This poppy is not showing much life.
green pips
In trading, you have to be defensive and aggressive at the same time
  • #777
  • May 19, 2014 2:54am May 19, 2014 2:54am
Quoting Davit
{quote} I may start shorting even at 3750....This poppy is not showing much life. green pips
I agree. I'm looking to see if it can even pop it's head above the TL & 50%. Thursday I was tempted to short right here on the bounce back up. But it doesn't make sense to short on support....yet. Kind of the same situation on GU although I still feel the GBP is stronger than the EUR at present. And, call me a US resident but, I still have no faith in much dollar strength right now.
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Ghost Rider - WWTBMD?
  • #778
  • May 19, 2014 2:59am May 19, 2014 2:59am
Quoting albchr
{quote} I agree. I'm looking to see if it can even pop it's head above the TL & 50%. Thursday I was tempted to short right here on the bounce back up. But it doesn't make sense to short on support....yet. Kind of the same situation on GU although I still feel the GBP is stronger than the EUR at present. And, call me a US resident but, I still have no faith in much dollar strength right now. {image}
ok my game plan
limit shorts
2x3750
2x3780
2x38

I am going to sleep now 4am in Boston.I may wake up in profit spike to 3750
Green pips
Chris and others
In trading, you have to be defensive and aggressive at the same time
  • #779
  • May 19, 2014 3:08am May 19, 2014 3:08am
Dear Davit,
As per your method, i entered SHORT in GOLD. Kindly mention if something is wrong.
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  • #780
  • May 19, 2014 3:13am May 19, 2014 3:13am
Quoting Davit
{quote} ok my game plan limit shorts 2x3750 2x3780 2x38 I am going to sleep now 4am in Boston.I may wake up in profit spike to 3750 Green pips Chris and others
Good plan Davit. 4am just a little a south of you too. I may go "back" to sleep myself...lol

Green pips brother.
Ghost Rider - WWTBMD?
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