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Davit's Confluence Trading

  • #881
  • May 29, 2014 2:09am May 29, 2014 2:09am
AUD/CHF short side potential developing
limit shorts at 8380 2x
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #882
  • May 29, 2014 2:11am May 29, 2014 2:11am
Watching key areas on EU and GU for longs
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpusd.daily.png Size: 46 KB
In trading, you have to be defensive and aggressive at the same time
  • #883
  • Edited 5:20am May 29, 2014 2:30am | Edited 5:20am
Hi Davit,
just wondering if youre looking at AUNZD, NZDUSD, NZDCAD, GBPCAD? I had a scan through and these seem interesting. Im looking for entry in GC only right now (I think the kiwi is bit weak so might fall a while longer, checking them out) as the GC majors seem to be leaning towards that one working out but I think I may be too late for safest entry on that one. Hate when I sleep in late!
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  • #884
  • May 29, 2014 9:02am May 29, 2014 9:02am
Quoting gjgjg
Hi Davit, just wondering if youre looking at AUNZD, NZDUSD, NZDCAD, GBPCAD? I had a scan through and these seem interesting. Im looking for entry in GC only right now (I think the kiwi is bit weak so might fall a while longer, checking them out) as the GC majors seem to be leaning towards that one working out but I think I may be too late for safest entry on that one. Hate when I sleep in late! {image}
AUD/NZD looking to go long only.Missed the move so waiting for better number.Going short is risky to me once you look at weekly and see how deeply it fell...
G/C I stopped trading CAD since it got way too weak and got so oversold that either buying or selling does not interest me.
NU looking to long. 3.5% swap is nice going up and there is talk going for 4
regards
In trading, you have to be defensive and aggressive at the same time
  • #885
  • May 29, 2014 9:26am May 29, 2014 9:26am
Hi Davit

Hope you are doing well

AUDNZD was a good trade, however it is at top bollinger(sell area) in the daily....what in your opinion is the best way to avoid walking the line of these areas?
I would like your opinion on EUR USD and the upcoming decision in June...my daily points to buy area ...what do you think?
  • #886
  • May 29, 2014 9:36am May 29, 2014 9:36am
Quoting Feefee
Hi Davit Hope you are doing well AUDNZD was a good trade, however it is at top bollinger(sell area) in the daily....what in your opinion is the best way to avoid walking the line of these areas? I would like your opinion on EUR USD and the upcoming decision in June...my daily points to buy area ...what do you think?
I assume you mean how to use discretion to sell and buy even if it fits BB system.
Read on fundamentals,confluence of harmonics and how majors are doing. NU going down and AU going up so that translates AN going high.
So every time you want to trade crosses look at majors for clues.
On EU I already posted looking to go long then sell the rallies hard.
Regards

I updated my 1st thread post with links
In trading, you have to be defensive and aggressive at the same time
  • #887
  • May 29, 2014 10:15am May 29, 2014 10:15am
Hope you don't mind me chiming in here, just noticed your thread here Davit and I like your trading style, seems you allow for discretion and have a relatively relaxed approach
  • #888
  • May 29, 2014 11:03am May 29, 2014 11:03am
Quoting Jcp
Hope you don't mind me chiming in here, just noticed your thread here Davit and I like your trading style, seems you allow for discretion and have a relatively relaxed approach
everyone welcome!

My trading is done for May
15% gain MAY
55% equity since Jan 2014. Just need another 45% for next 6 months to double account.
In trading, you have to be defensive and aggressive at the same time
  • #889
  • May 29, 2014 11:04am May 29, 2014 11:04am
Quoting Davit
{quote} I assume you mean how to use discretion to sell and buy even if it fits BB system. Read on fundamentals,confluence of harmonics and how majors are doing. NU going down and AU going up so that translates AN going high. So every time you want to trade crosses look at majors for clues. On EU I already posted looking to go long then sell the rallies hard. Regards I updated my 1st thread post with links

Yes I mean how to filter the trend from the daily, this always has me stumped, always makes it difficult to sift the tops and bottoms.

I will go through those links, once again thank you for the very valuable information, much appreciated
  • #890
  • Edited 11:37am May 29, 2014 11:05am | Edited 11:37am
Hi, nice to find your thread.
Fix up, trade sharp ...
  • #891
  • May 29, 2014 11:17am May 29, 2014 11:17am
Quoting Hickson
Hi, nice to find your thread. Good effort, I guess dickryder will have a hard time coming up with something like that ^^
Hi Hickson
I think you are very talented guy. (Any good chess player is)
We need to focus on trading and making money.If I see something worth I'll share.Going to let people be what they are.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #892
  • May 29, 2014 11:37am May 29, 2014 11:37am
Quoting Davit
{quote} Hi Hickson I think you are very talented guy. (Any good chess player is) We need to focus on trading and making money.If I see something worth I'll share.Going to let people be what they are. Regards
True, too much going on in the forums already, so we should keep it clean at least. Therefore delete again ^^ Funny, they called a short on AUD/NZD on FXCM some weeks ago, now it just has gone rocket xD Well, of course they cannot predict the market as well. I am stuck in pretty bad longs on E/U and shorts on USD/CHF right now, since I did not have the time to manage the trades intraday (yes, really, as crazy as it sounds). Do not know if that is talented ^^ Well, let's see, I do not really buy the USD strength from a fundamental point of view. EU though ... let's better switch topics haha.
Fix up, trade sharp ...
  • #893
  • Edited 1:33pm May 29, 2014 12:59pm | Edited 1:33pm
Short A/CHF
8346 2x
edit added
4 more shorts in 49-53 area and do have pending short at 8380
Attached Image (click to enlarge)
Click to Enlarge Name: audchf.daily.png Size: 38 KB
In trading, you have to be defensive and aggressive at the same time
  • #894
  • May 29, 2014 2:11pm May 29, 2014 2:11pm
Quoting Hickson
{quote} True, too much going on in the forums already, so we should keep it clean at least. Therefore delete again ^^ Funny, they called a short on AUD/NZD on FXCM some weeks ago, now it just has gone rocket xD Well, of course they cannot predict the market as well. I am stuck in pretty bad longs on E/U and shorts on USD/CHF right now, since I did not have the time to manage the trades intraday (yes, really, as crazy as it sounds). Do not know if that is talented ^^ Well, let's see, I do not really buy the USD strength from a fundamental...
Since swissy has been pegged to the Euro since late 2011, you're just doubling down in the same position when you buy EU and sell UsdChf.
The charts are almost mirror images of one another.
  • #895
  • May 29, 2014 8:12pm May 29, 2014 8:12pm
found your thread right now, interested to make this thread my home, subscribed
Keep up the good work buddy
  • #896
  • May 29, 2014 9:38pm May 29, 2014 9:38pm
Quoting HCGroup
found your thread right now, interested to make this thread my home, subscribed Keep up the good work buddy
You are welcome!

Added some more shorts on A/CHF at 8370

Trading this pair is basically trading EUR/AUD which is in my buy zone as well
It goes without saying nothing is 100% but I believe BB 2-3rd deviations give good signals.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #897
  • May 29, 2014 10:03pm May 29, 2014 10:03pm
Quoting Davit
{quote} You are welcome! Added some more shorts on A/CHF at 8370 Trading this pair is basically trading EUR/AUD which is in my buy zone as well It goes without saying nothing is 100% but I believe BB 2-3rd deviations give good signals. {image}
... on both
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #898
  • May 29, 2014 10:24pm May 29, 2014 10:24pm
Quoting albchr
{quote} ... on both {image}
keep in mind EA is pretty much same as A/CHF so you are doubling.
In trading, you have to be defensive and aggressive at the same time
  • #899
  • Edited 10:44pm May 29, 2014 10:29pm | Edited 10:44pm
Quoting Davit
{quote} keep in mind EA is pretty much same as A/CHF so you are doubling.


EDIT: Sorry, had a bit of trouble with my chart saving? Basically I look at two chart setups now. My basic SR (first chart) and thanks to you, yours. I like them both very much. But when they agree?

I'm waiting for what I think might be a little more down on EA.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audchfmdaily.png Size: 62 KB
Click to Enlarge Name: audchfmdaily_d.png Size: 75 KB
Ghost Rider - WWTBMD?
  • #900
  • May 29, 2014 10:38pm May 29, 2014 10:38pm
EA pending buy order @ 1.4566 based on the most important tool which is support (my thought)
monitoring this pair cause i don't want to miss this train and if price can't reach that level and decides to start the upmove at higher levels, after seeing some PA confirmation and Candlestick patterns in lower TF, I'll long it manually.
Attached Image (click to enlarge)
Click to Enlarge Name: euraudh4.png Size: 48 KB
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