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Davit's Confluence Trading

  • #941
  • May 30, 2014 12:37pm May 30, 2014 12:37pm
Quoting HCGroup
Davit are we allowed to share our monthly results here?
why not.
With all the negative posts about traders losing money 95% bla bla good news is good.
Motivational.
In trading, you have to be defensive and aggressive at the same time
  • #942
  • May 30, 2014 12:41pm May 30, 2014 12:41pm
Quoting Hickson
Hi Davit, congrats to your great trading results. Cable could push higher, so I was thinking of selling around 1.68. E/U might also reach the 1.37's before dropping. What is really interesting is USD/CHF. It made a new high this week, therefore it is a potential breakout of the long down trend it is following. Need to think about potential long setups, but there is almost no support on this hard way up, so it has to be considered with care.
Agree on Cable and my limit shorts starting from 6790 which is 38fib and then at 618 and 786
U/CHF is flipped EU so everything depends on EU on swissy
Green pips
In trading, you have to be defensive and aggressive at the same time
  • #943
  • May 30, 2014 1:46pm May 30, 2014 1:46pm
Inserted Video

Aram Khatchaturian
In trading, you have to be defensive and aggressive at the same time
  • #944
  • May 30, 2014 2:39pm May 30, 2014 2:39pm
Quoting Davit
{quote} why not. With all the negative posts about traders losing money 95% bla bla good news is good. Motivational.
yes you're right.
My trading result in May, this month was a good month for me, more better than expected. my goal is 6-10 percent/monthly but this month was perfect for me.
wish all you guys green pips and perfect profits always
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  • #945
  • May 30, 2014 10:36pm May 30, 2014 10:36pm
Quoting HCGroup
{quote} yes you're right. My trading result in May, this month was a good month for me, more better than expected. my goal is 6-10 percent/monthly but this month was perfect for me. wish all you guys green pips and perfect profits always {image}
It's amazing result! Keep it up.

Regards
PROredart
PROredart is not PRO trader
  • #946
  • May 30, 2014 11:28pm May 30, 2014 11:28pm
Quoting HCGroup
{quote} yes you're right. My trading result in May, this month was a good month for me, more better than expected. my goal is 6-10 percent/monthly but this month was perfect for me. wish all you guys green pips and perfect profits always {image}
This one for you
Inserted Video

Jihad Akl - Persian Violin Dance
In trading, you have to be defensive and aggressive at the same time
  • #947
  • May 31, 2014 11:57am May 31, 2014 11:57am
Be warned copying my trades could cost you money!!

Going over charts I came to nice situation on
CAD/CHF
Weekly down trend
Monthly Downtrend
BB set up nicely on short side
To make it even better for me CAD/CHF has my favorite ADR of 50
I have been consciously avoiding volatile pairs that average 80-100pips a day.This might seem counter intuitive but I prefer 50pips that I can place multiple orders without worrying adverse DD
Going short here means buying the Swissy which equals going long on EU
EU is due to retrace up hence adding edge to CAD/CHF short.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #948
  • May 31, 2014 1:26pm May 31, 2014 1:26pm
Quoting Davit
Be warned copying my trades could cost you money!! Going over charts I came to nice situation on CAD/CHF Weekly down trend Monthly Downtrend BB set up nicely on short side To make it even better for me CAD/CHF has my favorite ADR of 50 I have been consciously avoiding volatile pairs that average 80-100pips a day.This might seem counter intuitive but I prefer 50pips that I can place multiple orders without worrying adverse DD Going short here means buying the Swissy which equals going long on EU EU is due to retrace up hence adding edge to CAD/CHF...
I'm watching on it's volume. Volume is increasing while market become bearish, for me indicating MMs shorting now. Definitely pullback on small timeframe (below H4 chart) generates me short. Added this pair on my watchlist for the coming week. Thanks for sharing!

Attached file CADCHF D1

Regards
PROredart
Attached Image
PROredart is not PRO trader
  • #949
  • May 31, 2014 1:33pm May 31, 2014 1:33pm
Quoting PROredart
{quote} I'm watching on it's volume. Volume is increasing while market become bearish, for me indicating MMs shorting now. Definitely pullback on small timeframe (below H4 chart) generates me short. Added this pair on my watchlist for the coming week. Thanks for sharing! Attached file CADCHF D1 Regards PROredart {image}
There is also clear divergence on CCi14
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In trading, you have to be defensive and aggressive at the same time
  • #950
  • May 31, 2014 2:18pm May 31, 2014 2:18pm
Quoting Davit
{quote} There is also clear divergence on CCi14 {image}
One I'm also keeping a close eye on Davit.

Daily - 4H
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Ghost Rider - WWTBMD?
  • #951
  • Jun 1, 2014 12:35am Jun 1, 2014 12:35am
Quoting Davit
Lalu Love your harmonic inputs.Feel free to post whatever you see worth while.
Davit, albchr, HCGroup

Gracias amigos. Kind words indeed. It’ll be a pleasure to contribute here. I hope I can add some value.

Regards
It's all about bucks, kid. The rest is conversation.
  • #952
  • Jun 1, 2014 3:57am Jun 1, 2014 3:57am
Quoting Davit
Be warned copying my trades could cost you money!! Going over charts I came to nice situation on CAD/CHF Weekly down trend Monthly Downtrend BB set up nicely on short side To make it even better for me CAD/CHF has my favorite ADR of 50 I have been consciously avoiding volatile pairs that average 80-100pips a day.This might seem counter intuitive but I prefer 50pips that I can place multiple orders without worrying adverse DD Going short here means buying the Swissy which equals going long on EU EU is due to retrace up hence adding edge to CAD/CHF...
This is what I see on cad/chf. The outside bar topped out at the first area of confluence and on the hourly made a nice sharky pattern - a form that I think has been more prevalent in recent weeks on the charts I watch for some reason. Anyway if you had traded that one it would have been profitable. If 8290 is the level then perhaps we can look for something like this on m15 for an entry/re-entry short.

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It's all about bucks, kid. The rest is conversation.
  • #953
  • Jun 1, 2014 5:48am Jun 1, 2014 5:48am
Quoting Lalu
{quote} This is what I see on cad/chf. The outside bar topped out at the first area of confluence and on the hourly made a nice sharky pattern - a form that I think has been more prevalent in recent weeks on the charts I watch for some reason. Anyway if you had traded that one it would have been profitable. If 8290 is the level then perhaps we can look for something like this on m15 for an entry/re-entry short. {image} {image} {image}
Thank you for this post Lalu. Especially the 1H chart. Having only opened a cad/chf chart after market close, it would seem I'm missing a lot of data on it until it updates. I see by yours and Davit's charts Friday close was 8247 where mine shows 8261. Could have an effect so I'll have to wait for open to look again.
Ghost Rider - WWTBMD?
  • #954
  • Jun 1, 2014 8:38am Jun 1, 2014 8:38am
Quoting Lalu
{quote} This is what I see on cad/chf. The outside bar topped out at the first area of confluence and on the hourly made a nice sharky pattern - a form that I think has been more prevalent in recent weeks on the charts I watch for some reason. Anyway if you had traded that one it would have been profitable. If 8290 is the level then perhaps we can look for something like this on m15 for an entry/re-entry short. {image} {image} {image}
Agree we could see sharp bounce up again 8280-90 zone then drop or continuation of bearish last daily candle.
Just 5th ECB meeting so Swissy is going to be effected in major way.
My personal take is ECB won't take action when price is far lower then last meeting when price was 138 highs.I see appreciation of EU correction up again then down.
So to sum up much depends market sentiment leading up to ECB
Regards
In trading, you have to be defensive and aggressive at the same time
  • #955
  • Jun 1, 2014 8:43am Jun 1, 2014 8:43am
Quoting albchr
{quote} Thank you for this post Lalu. Especially the 1H chart. Having only opened a cad/chf chart after market close, it would seem I'm missing a lot of data on it until it updates. I see by yours and Davit's charts Friday close was 8247 where mine shows 8261. Could have an effect so I'll have to wait for open to look again.
Hi Chris
With ECB meeting on June 5th we have to play very smart on our entries on all CHF and Euro pairs.This is when technicals get crashed by fundamentals.
I see great opportunists for corrections up.
I may play sit and wait strategy to see where new opportunists emerge.
I always have this article in mind by Fuller
In trading, you have to be defensive and aggressive at the same time
  • #956
  • Jun 1, 2014 8:52am Jun 1, 2014 8:52am
Looking at EU/CAD as strong candidate for long.
We had no correction since 5253 almost 500pips
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In trading, you have to be defensive and aggressive at the same time
  • #957
  • Jun 1, 2014 8:56am Jun 1, 2014 8:56am
Yup, have been stopped out several times two weeks ago when I tried to long EUR/CAD. Bastards ... But now an opportunity might arise.
Fix up, trade sharp ...
  • #958
  • Jun 1, 2014 9:00am Jun 1, 2014 9:00am
EN very high ADR so getting it right is critical
Check marks are high confluence zones on short side
Ideal entries 618 and 786 zones supported by harmonics
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #959
  • Jun 1, 2014 9:04am Jun 1, 2014 9:04am
Quoting Hickson
Yup, have been stopped out several times two weeks ago when I tried to long EUR/CAD. Bastards ... But now an opportunity might arise.
Euro is starting to show little sign of life.If Mario decides to do nothing expect serious bounces up.
My hutch is he will do nothing.Euro is oversold on all fronts
Regards and thanks for dropping by
In trading, you have to be defensive and aggressive at the same time
  • #960
  • Jun 1, 2014 9:11am Jun 1, 2014 9:11am
I already have my limit shorts waiting on EU
These orders are my starting trades but should price get in my sell zones I will add 10-15 orders additional,
by my trading plan each swing is 10-15 orders
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In trading, you have to be defensive and aggressive at the same time
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