Davit's Confluence Trading | Page 43 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

My Trading General following Davit Pivot Strategy 2 replies

Bollinger Band Confluence Trading 16 replies

Confluence Trading Adventures 0 replies

Trading based on Confluence 20 replies

Confluence Trading 30 replies

Attachments: Davit's Confluence Trading
Exit Attachments

Davit's Confluence Trading

  • #841
  • May 23, 2014 12:23am May 23, 2014 12:23am
Quoting Davit
{quote} Hi GD I don't use any.I find training my eyes more rewarding.Starting to see things better.I used zup before but always found it lagging like showing pattern after 100pip move which becomes pointless.Even if you make mistakes its better doing it yourself. I am not taking anymore orders until I close present ones. Currently have 15orders running. regards
Ah right, I haven't used any for a while and can normally spot the bats, butterflys, crabs and gartleys on the fly since they're recurring patterns which happen over and over. I do however miss some of them :nerd:

I've only got one position open, eurjpy long from 138.366
  • #842
  • May 23, 2014 12:33am May 23, 2014 12:33am
Quoting GDR3k
Davit, which harmonic indicator do you use? I've got one in my indy folder called ZUP_110 but it doesn't seem to work properly, I'd like a simple one which just displays the relevant pattern when it arises, should I miss it due to a lot of noise. Cheers. (Have you noticed the bullish bat/gartley on eurjpy, off the daily/weekly?)
Thanks a lot davit for the concept,
This will take time but I will definitely start applying these approach.
I think one of the biggest benefit of reducing position size is to become less emotional hence always able to look at a bigger picture.
  • #843
  • May 23, 2014 12:42am May 23, 2014 12:42am
I am holding pound short as well... let's see 38.2 will do its thing..
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-05-23_0038.png Size: 34 KB
  • #844
  • May 23, 2014 12:45am May 23, 2014 12:45am
Quoting PurePA
I am holding pound short as well... let's see 38.2 will do its thing.. {image}
Fibs on 15min TF is ....rather unnecessary
I trade daily only.
regards
In trading, you have to be defensive and aggressive at the same time
  • #845
  • May 23, 2014 12:49am May 23, 2014 12:49am
Quoting GDR3k
{quote} Ah right, I haven't used any for a while and can normally spot the bats, butterflys, crabs and gartleys on the fly since they're recurring patterns which happen over and over. I do however miss some of them :nerd: I've only got one position open, eurjpy long from 138.366
You need to spot the Gartley and rest are just versions of it.
In trading, you have to be defensive and aggressive at the same time
  • #846
  • May 23, 2014 12:49am May 23, 2014 12:49am
+400pips as of right now on GU and G/CHF shorts
holding lower though
In trading, you have to be defensive and aggressive at the same time
  • #847
  • May 23, 2014 1:00am May 23, 2014 1:00am
Quoting Davit
{quote} Fibs on 15min TF is ....rather unnecessary I trade daily only. regards
Agree, I only pointed out that small level since it looked that it could initiate some significant bearish momentum.
I make my daily plans on daily and 4hrs as well.
Yea, G/CHF was a good level to go short~ Im on GU and GJ shorts. cheers~
  • #848
  • May 23, 2014 3:17am May 23, 2014 3:17am
Hi Davit

Hope you are doing well....what do you think about EUR USD?
  • #849
  • May 23, 2014 6:16am May 23, 2014 6:16am
Good morning my friend

I just wanted to thank you for the very enlightening post on the Psychology of Harmonics you've done here. As I am just dipping my toes into that pool, the timing could not have been better. Thank You Davit.
Ghost Rider - WWTBMD?
  • #850
  • May 23, 2014 6:39am May 23, 2014 6:39am
Quoting albchr
Good morning my friend I just wanted to thank you for the very enlightening post on the Psychology of Harmonics you've done here. As I am just dipping my toes into that pool, the timing could not have been better. Thank You Davit.
2nd this!
  • #851
  • May 23, 2014 9:08am May 23, 2014 9:08am
closed all positions on all orders
+566 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.h1.png Size: 32 KB
In trading, you have to be defensive and aggressive at the same time
  • #852
  • May 23, 2014 9:18am May 23, 2014 9:18am
Quoting albchr
Good morning my friend I just wanted to thank you for the very enlightening post on the Psychology of Harmonics you've done here. As I am just dipping my toes into that pool, the timing could not have been better. Thank You Davit.
Chris you welcome.
In trading, you have to be defensive and aggressive at the same time
  • #853
  • May 23, 2014 9:19am May 23, 2014 9:19am
Quoting gjgjg
{quote} 2nd this!
Hope you banked some shorts on gu
In trading, you have to be defensive and aggressive at the same time
  • #854
  • May 23, 2014 9:24am May 23, 2014 9:24am
Quoting Davit
{quote} Hope you banked some shorts on gu
I closed out the GBPAUD a bit early today as I wasnt expecting the drop and you were right about AUD being weak generally - but I got back in with GBPCHF, still short now so all good

I was just thinking about holding this over the weekend, did you close yours out as you had reached targets or you generally dont hold them? IMHO theres a way to go down for GBPCHF (GBP has passed the mid point in the Bol Band so could reach the low BB but CHF could drop easily on Monday causing some uplift...)

Im leaning towards closing and re-entering on Monday if it pulls back.

PS great job on your short Fantastic way to finish the week!
  • #855
  • May 23, 2014 9:33am May 23, 2014 9:33am
Hey Davit,
in honor of your wonderful templates and system, and to pass some time today, I decided to open up as many pairs as possible and run through them to see if there was any hidden gems. This was a time killer / just for kicks exercise, and I just wanted to share some minor findings with you, just in case you get a laugh out of it! :nerd: I decided to put some demo account trades on anything that looked halfway appealing and I'll come back in a while and see how they do and eventually see if any unusual pairs are actually worth keeping a serious eye on for real

Here's a few I wanted to mention that are close to a good point that I put a demo trade on to track their progress (I dont know squat about the fundis here, its simply a technical only excersize for fun at the moment, but hey if something comes of it, why not?!):
USDCZK NZDHKD HKDMXN GBPNZD CADDKK NZDSGD NOKSEK

There are many Eur and Auz pairs that look like a great buy opportunity too but since they are both pretty weak at the moment I skipped them for now, but have a look if you have an hour to spare - and your broker supports them
Attached Image (click to enlarge)
Click to Enlarge Name: Capture2.JPG Size: 131 KB
  • #856
  • May 23, 2014 9:36am May 23, 2014 9:36am
Quoting gjgjg
{quote} I closed out the GBPAUD a bit early today as I wasnt expecting the drop and you were right about AUD being weak generally - but I got back in with GBPCHF, still short now so all good I was just thinking about holding this over the weekend, did you close yours out as you had reached targets or you generally dont hold them? IMHO theres a way to go down for GBPCHF (GBP has passed the mid point in the Bol Band so could reach the low BB but CHF could drop easily on Monday causing some uplift...) Im leaning towards closing and re-entering on...
GI
I closed G/CHF because I don't like the correlation with EU
Shop closed
I think I am done for the month unless I see something worth taking

Total trades taken in MAY
62 Trades of which 9 losses small and 53wins
gain of equity 12% exceeded my minimum goal of 6%
In trading, you have to be defensive and aggressive at the same time
  • #857
  • May 23, 2014 9:39am May 23, 2014 9:39am
Quoting Feefee
Hi Davit Hope you are doing well....what do you think about EUR USD?
Hi Feefee
I am looking to long but waiting for my A point
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.daily.png Size: 35 KB
In trading, you have to be defensive and aggressive at the same time
  • #858
  • May 23, 2014 9:45am May 23, 2014 9:45am
Quoting Davit
{quote} GI I closed G/CHF because I don't like the correlation with EU Shop closed I think I am done for the month unless I see something worth taking Total trades taken in MAY 62 Trades of which 9 losses small and 53wins gain of equity 12% exceeded my minimum goal of 6%
Cool, I'll take another look later and probably close it up and see how it goes on monday.
Thanks
Also, great job on the 12%
  • #859
  • May 23, 2014 10:00am May 23, 2014 10:00am
Quoting Davit
closed all positions on all orders +566 pips {image}
Good work. Out too. Until next week amigo. All the best.
It's all about bucks, kid. The rest is conversation.
  • #860
  • May 23, 2014 10:06am May 23, 2014 10:06am
Quoting Lalu
{quote} Good work. Out too. Until next week amigo. All the best.
Next week on menu Long on EU, EG AU all are in good spots.
We just need to see behavior that impulse waves are done.Week left of May we could see last push lower but specially on EU we had no correction expecting 38 50 618 retrace
regards
In trading, you have to be defensive and aggressive at the same time
0 traders viewing now