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Davit's Confluence Trading

  • #861
  • May 23, 2014 12:25pm May 23, 2014 12:25pm
Quoting Davit
{quote} 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

Well Done Davit Great job my friend.....Thank you for your input on EU, much appreciated friend

The dollar index has a little push little in it - then Im sure it will hit our entry points

If you have some time, please explain your risk management system and what is the maximum no. of trades you open....I find this interesting as it helps me to work out my strategy more clearly

Once again good job, happy pipping!
  • #862
  • May 23, 2014 1:01pm May 23, 2014 1:01pm
Longing. Mixed media, 18x24”
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #863
  • May 23, 2014 1:16pm May 23, 2014 1:16pm
Quoting Davit
{quote} This is from my trading plan. I am sharing way too much here as some don't have experience enough in trading.Be warned your results could be dramatically differ and my approach may not suit yours. STOP LOSS 1 Decide how much each swing is worth example $500 2. Divide $500 into mini lots for multiple entries example .50c a pip gives 1000 pip distance 3. This allows averaging in orders as seen fit irregardless if previous orders are in red 4. Orders are placed as long as reason for trade is still valid 5. If conditions change loss is taken...

Thanks alot for that...I will see how it works
  • #864
  • May 24, 2014 9:57am May 24, 2014 9:57am
Hi guys
I have restricted access to this thread posting.
What to improve and focus on my trading and I have done great deal of posts helping new traders but I feel my system or what I am doing is not the right method for new traders and don't want to feel responsible for losses or gains.
Going up in higher gear.
Green pips
In trading, you have to be defensive and aggressive at the same time
  • #865
  • May 25, 2014 11:37am May 25, 2014 11:37am
G/CHF is looking good to sell
Looking for the right behavior on Euro
Since Frank is pegged to Euro losing to USD losses to GBP
So always keep that in mind that when trading CHF you are basically trading the Euro
This also fits in with my BB system
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In trading, you have to be defensive and aggressive at the same time
  • #866
  • Edited 1:56am May 26, 2014 12:59am | Edited 1:56am
2xGU 6840 short
2x G/CHF short 5095

limit short on GU at 2x 6880 2x 69 2x 6920
In trading, you have to be defensive and aggressive at the same time
  • #867
  • Edited 3:05am May 26, 2014 2:47am | Edited 3:05am
G/CHF less then 1hr
out at 78 +32pips

edit
added 4 more shorts at 6850 total 6

limit short
G/CHF at 5116 2x
In trading, you have to be defensive and aggressive at the same time
  • #868
  • Edited 9:00am May 27, 2014 8:42am | Edited 9:00am
Closed all my GU and G/CHF shorts
+320pips

May my best month so far
total trades taken 76
total wins 67 total loss 9 hit above 87%
both account stats
14.5% Account gain
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In trading, you have to be defensive and aggressive at the same time
  • #869
  • Edited 10:51am May 27, 2014 10:18am | Edited 10:51am
Just closed 5 out of 7 trades using davits method.

E/CHF 16 pips
A/USA 34 pips
A/JPY 82 pips
G/CHF 22 pips
N/JPY 48 pips

Two trades still open
A/Cad presently -9 pips and going my way.
N/JPY presently +50 pips

This method is doing very well for me. I have tried to hold for long term and I find that this is not the way to go. I could have gottin in and out of a few of the listed trades and my acount would have done much better.

I think the way davit does the muti trades on each pair is the way to go. This seems to be much more profitalbe than to hold a trade thrue all the reversals.
Davit - if I am posting anything that is not apropriate for this thread - just let me know and I will take this down. Thanks all
Live today like theres no tomorrow-- Prioritize like you will die today
  • #870
  • Edited 1:16pm May 27, 2014 12:57pm | Edited 1:16pm
Quoting iamsovereign
Just closed 5 out of 7 trades using davits method. E/CHF 16 pips A/USA 34 pips A/JPY 82 pips G/CHF 22 pips N/JPY 48 pips Two trades still open A/Cad presently -9 pips and going my way. N/JPY presently +50 pips This method is doing very well for me. I have tried to hold for long term and I find that this is not the way to go. I could have gottin in and out of a few of the listed trades and my acount would have done much better. I think the way davit does the muti trades on each pair is the way to go. This seems to be much more profitalbe than to...
Hi Jam
Great job overall.Its true when I find good opertunity I place multiple orders on same pair.Some orders were in red on GU earlier but I knew this was just a correction rally.
It works for me but not everyone feel comfortable having drawdown positions.As you can see from my stats my DD never went above 10%
10-15% DD is normal in trading.Turtle trend following system often experienced lot larger DD.
In basic form once you spot a good set up hummer it!
Nice catch on A/J
A/JPY 82 pips
Regards
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In trading, you have to be defensive and aggressive at the same time
  • #871
  • May 27, 2014 3:58pm May 27, 2014 3:58pm
I trade Davit's system different again.

I try to hold the positions as long as possible especially if the BB mid is flat, price then often shoots to the opposite BB2/3. My GBPAUD is +130 pips at the moment.

Not only will I allow drawdown, but will also add to positions in drawdown, particularly in pairs with high positive swap like GBPAUD.

I use two accounts, one for all pairs with positive swap and a no-swap account for the pairs that would have had negative swap on the first account.
  • #872
  • May 27, 2014 11:08pm May 27, 2014 11:08pm
Quoting ikdenk
I trade Davit's system different again. I try to hold the positions as long as possible especially if the BB mid is flat, price then often shoots to the opposite BB2/3. My GBPAUD is +130 pips at the moment. Not only will I allow drawdown, but will also add to positions in drawdown, particularly in pairs with high positive swap like GBPAUD. I use two accounts, one for all pairs with positive swap and a no-swap account for the pairs that would have had negative swap on the first account.
That's beautiful.Mastering 1 system with conjunction of Price action is all one needs.
green pips
feel free to post good set ups
In trading, you have to be defensive and aggressive at the same time
  • #873
  • May 28, 2014 4:01am May 28, 2014 4:01am
Quoting Davit
{quote} That's beautiful.Mastering 1 system with conjunction of Price action is all one needs. green pips feel free to post good set ups
Thanks for the opportunity to contribute.

I have a pending sell on audnzd at 1.09; pending sell on eurnzd at 1.6075 and just entered nzdjpy long at 86.65

All with positive swap.

I know you don't like trading jpy crosses, but the latter trade is in line with a long term pitchfork at recent resistance.
  • #874
  • May 28, 2014 6:37am May 28, 2014 6:37am
Quoting ikdenk
{quote} Thanks for the opportunity to contribute. I have a pending sell on audnzd at 1.09; pending sell on eurnzd at 1.6075 and just entered nzdjpy long at 86.65 All with positive swap. I know you don't like trading jpy crosses, but the latter trade is in line with a long term pitchfork at recent resistance.
Thanks for feedback.
You did made me look at EN
I am looking 1st pull back at 38fib which happens to fall inside my BB sell zone 6110
Harmonically this could go up to 618 and 786 fibs specially that NU is dropping.
Its a good catch but be aware NU behavior.Crosses are driven by majors.
regards
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In trading, you have to be defensive and aggressive at the same time
  • #875
  • May 28, 2014 6:41am May 28, 2014 6:41am
closed 2 running G/CHF shorts at 5044
+60pips
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In trading, you have to be defensive and aggressive at the same time
  • #876
  • May 28, 2014 6:50am May 28, 2014 6:50am
Quoting Davit
closed 2 running G/CHF shorts at 5044 +60pips {image}
Nice!! You're really kicking it Davit!

Based on the daily, I'm going to hold for possible lower like we talked about. The 4H broke range bottom and I'd like to see if it can take out the 50ema here by noon. I "think" it will but will watch closely.

4H - Daily charts
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Ghost Rider - WWTBMD?
  • #877
  • May 28, 2014 7:12am May 28, 2014 7:12am
Quoting albchr
{quote} Nice!! You're really kicking it Davit! Based on the daily, I'm going to hold for possible lower like we talked about. The 4H broke range bottom and I'd like to see if it can take out the 50ema here by noon. I "think" it will but will watch closely. 4H - Daily charts {image} {image}

I regret hugely getting out early on my recent GU shorts...
Mostly due to Carney speaking.In the past whenever he spoke price went ballistic up without exception.I got burned by him before so was reluctant to let it happen again.
I should be happy. I have June, July free since my profit targets have been reached ahead of time.
Regards and thank you
In trading, you have to be defensive and aggressive at the same time
  • #878
  • May 28, 2014 7:27am May 28, 2014 7:27am
Quoting Davit
{quote} I regret hugely getting out early on my recent GU shorts... Mostly due to Carney speaking.In the past whenever he spoke price went ballistic up without exception.I got burned by him before so was reluctant to let it happen again. I should be happy. I have June, July free since my profit targets have been reached ahead of time. Regards and thank you
How do you think I feel about the two shorts I had at 6983 and 6980 a few weeks ago? .... Whoops!

Buddy you have everything to very proud of with your trading. Never regret. Next one is just around he corner.

I just banked 50 on that GU I had. When she hits 6730 I may play a retrace if PA looks good for it. She "usually" bounce/turns on the xx30's
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Ghost Rider - WWTBMD?
  • #879
  • May 28, 2014 10:36am May 28, 2014 10:36am
Target acquired.

I think it "may" have even a little more but probably not today. So remaining trade closed.

Short (.02) @ 1.50715 Closed @ 1.50179 +53.6

Short (.02) @ 1.50602 Closed @ 1.50059 +54.3
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Ghost Rider - WWTBMD?
  • #880
  • May 28, 2014 10:39am May 28, 2014 10:39am
Got stoped out on NZD/JPY had stop just abovd break even, make a couple of pips. should have could have, Like I said Im working on the exits.
Looking to long this again when the time is right.

Still holding AUD/CAD looking to add to this long if it presents itself

Like davit said - its the exit that makes or brakes a trader.......

Went long on E/CAD.
Live today like theres no tomorrow-- Prioritize like you will die today
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