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Davit's Confluence Trading

  • #981
  • Jun 2, 2014 8:59am Jun 2, 2014 8:59am
I see no trades this morning. Good scalping on E/U this morning.

whatching A/N
E/N
N/U
U/J
Live today like theres no tomorrow-- Prioritize like you will die today
  • #982
  • Jun 2, 2014 9:49am Jun 2, 2014 9:49am
Quoting razaali
davit what u say about this pair . according to ur method ,looks short here, what u say {image}
Hi razaali
When you zoom out and look at the weekly you'll see how much room there is for up side.

No trade to me even though its looking very good to short.To me its not worth the risk.
regards
In trading, you have to be defensive and aggressive at the same time
  • #983
  • Jun 2, 2014 9:56am Jun 2, 2014 9:56am
Quoting iamsovereign
I see no trades this morning. Good scalping on E/U this morning. whatching A/N E/N N/U U/J
agree just going to wait and let my limit orders get triggered on high impact news week.
Its that stalking time
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #984
  • Jun 2, 2014 1:56pm Jun 2, 2014 1:56pm
Dear,
Just entered SHORT and sharing with you for advice, where necessary.
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  • #985
  • Jun 2, 2014 11:56pm Jun 2, 2014 11:56pm
Quoting azfarjaved
Dear, Just entered SHORT and sharing with you for advice, where necessary.{image}
looks good.
I just don't trade Yen pairs.
regards
In trading, you have to be defensive and aggressive at the same time
  • #986
  • Jun 3, 2014 7:45am Jun 3, 2014 7:45am
Quoting Lalu
Morning all, Is this just a morning clearout? {image}
Explosive. But nowhere near the promised land. Yet.

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It's all about bucks, kid. The rest is conversation.
  • #987
  • Jun 3, 2014 8:10am Jun 3, 2014 8:10am
Quoting Lalu
{quote} Explosive. But nowhere near the promised land. Yet. {image}
But it's a start...maybe. lol
Ghost Rider - WWTBMD?
  • #988
  • Jun 3, 2014 8:25am Jun 3, 2014 8:25am
No trade on EU, waiting for higher levels to short it. very interested if it reaches 1.3740
  • #989
  • Jun 3, 2014 11:52am Jun 3, 2014 11:52am
Quoting Lalu
{quote} Explosive. But nowhere near the promised land. Yet. {image}
Yes agree.Just waiting to pounce.Too early scares the prey and wastes energy $$

http://www.forexfactory.com/attachme...1&d=1401720987
In trading, you have to be defensive and aggressive at the same time
  • #990
  • Jun 3, 2014 11:53am Jun 3, 2014 11:53am
Quoting HCGroup
No trade on EU, waiting for higher levels to short it. very interested if it reaches 1.3740
Just an idea
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In trading, you have to be defensive and aggressive at the same time
  • #991
  • Jun 3, 2014 12:28pm Jun 3, 2014 12:28pm
EN is getting closer to my sell zone
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In trading, you have to be defensive and aggressive at the same time
  • #992
  • Jun 3, 2014 12:58pm Jun 3, 2014 12:58pm
Just a reminder that guys using my BB system must take this into consideration.

BB system works best in range market
Range can be 50-250pips
Identifying when its ranging and when its not is tricky and that's why I use harmonics,fundamentals to back up my BB system.
There is no 100% system.Every system has weakness hence why discretion is necessary.
Newbies lose mostly because of trusting systems and taking every signal without understanding price behavior,fundamentals etc.
Your technical analyses is useless when we have ECB meeting coming up at June 5th.Market is not moving and no technical analyses can make it move.
This is important point.Markets move because of underlining fundamentals and then TA is used for entries and exits but what moves markets is not TA.
This is opposite of guys who claim never to follow fundamentals.This thinking is like trying to run with one leg instead of two.
So use discretion and everyone should.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #993
  • Jun 3, 2014 1:07pm Jun 3, 2014 1:07pm
Quoting Davit
EN is getting closer to my sell zone {image}
completely agree with your idea, i am waiting too for some corrections to short it.
  • #994
  • Jun 3, 2014 1:10pm Jun 3, 2014 1:10pm
I'll share why following fundamentals is critical

Price broke previous April high and if you were pure tech trader you would of gone bull expecting price to break 88 going to 90
Just then
Milk prices declined significantly.When you take 30% of NZ economy is related to dairy that is significant news and market went total Bear.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #995
  • Jun 3, 2014 1:11pm Jun 3, 2014 1:11pm
Quoting Davit
EN is getting closer to my sell zone {image}
Hope it makes it buddy. About to hit some walls. One pretty strong, one very strong.
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Ghost Rider - WWTBMD?
  • #996
  • Jun 3, 2014 1:13pm Jun 3, 2014 1:13pm
Overlapping same NU chart with BB over it then you see BB +fundamentals would of given you rock solid almost risk free trade.
I shorted 4x 15 trades each on NU
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In trading, you have to be defensive and aggressive at the same time
  • #997
  • Jun 3, 2014 1:16pm Jun 3, 2014 1:16pm
Quoting albchr
{quote} Hope it makes it buddy. About to hit some walls. One pretty strong, one very strong. {image}
Patiently waiting
I reached my profit target 3 months in advance.I have June,July, August free months so taking my time to allow market to come to me then hit it hard.
green pips
In trading, you have to be defensive and aggressive at the same time
  • #998
  • Jun 3, 2014 1:23pm Jun 3, 2014 1:23pm
Quoting Davit
I'll share why following fundamentals is critical Price broke previous April high and if you were pure tech trader you would of gone bull expecting price to break 88 going to 90 Just then Milk prices declined significantly.When you take 30% of NZ economy is related to dairy that is significant news and market went total Bear. {image}
That's a very broad assumption I think Davit. Some, perhaps even most TA traders would have. But not all. I know nothing of fundamentals .... and I was selling after that HUGE daily pin off strong resistance.

My only regret? it was before switching from my standard account to a mini. So I was so concerned with protecting the capital I set my SL way too soon and got knocked out for only a few pips profits. Then I simply turned to other pairs and didn't go back to it.

But my point is, if enough TA factors are considered, one doesn't "need" to know fundamentals "IF" they can follow PA properly. I think they (and I) should know them of course but it takes far more years of market experience (I believe) to learn all the ins and outs of FA, then it does to learn TA.
Ghost Rider - WWTBMD?
  • #999
  • Jun 3, 2014 1:24pm Jun 3, 2014 1:24pm
Quoting HCGroup
{quote} completely agree with your idea, i am waiting too for some corrections to short it.
Because you are trading Euro currency things will becomes clear by June 5th.
If Mario decides to do nothing I expect EU to break 37 and go minimum 3740.
Remember crosses on average travel 1.5-2xmore then majors
100pip gain on EU means 150-200pips gain on EN
Don't short early!!!
Its not important to take 10 different pair trades.If EU hits 3740 I'll start shorting and build positions then my focus will be EU and nothing else.
Since I place 10-15 trades per swing that fulfills my goal.
People taking 10-15 different pairs may not understand that in most cases they are trading majors anyway
For Example G/CHF is basically EUR/GBP in reverse.Every CHF pairs can be substituted with EURO
CHF-99 negative correlation with Euro
In trading, you have to be defensive and aggressive at the same time
  • #1,000
  • Jun 3, 2014 1:35pm Jun 3, 2014 1:35pm
Quoting albchr
{quote} That's a very broad assumption I think Davit. Some, perhaps even most TA traders would have. But not all. I know nothing of fundamentals .... and I was selling after that HUGE daily pin off strong resistance. My only regret? it was before switching from my standard account to a mini. So I was so concerned with protecting the capital I set my SL way too soon and got knocked out for only a few pips profits. Then I simply turned to other pairs and didn't go back to it. But my point is, if enough TA factors are considered, one doesn't...
Good TA traders follow fundamentals.You think Gator,Bones are not waiting for ECB? NFP? News? Sure they do.It would be totally stupid not to.
This is why people saying "I never follow news": should stop trading all together.
In trading, you have to be defensive and aggressive at the same time
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