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Davit's Confluence Trading

  • #1,161
  • Jun 9, 2014 6:53am Jun 9, 2014 6:53am
Quoting Chanlie
{quote} nice charts Davit we're in the same boat
Thanks and welcome
might as well combine two of my passions art and trading

RBA Gov Stevens Speaks 12pm today
WE could see sell off or push up a little
In trading, you have to be defensive and aggressive at the same time
  • #1,162
  • Jun 9, 2014 7:06am Jun 9, 2014 7:06am
Quoting Davit
{quote} Thanks and welcome might as well combine two of my passions art and trading RBA Gov Stevens Speaks 12pm today WE could see sell off or push up a little
On FF calender, there's a ff alert that says text of the speech was unexpectedly released 9 hours earlier...don't know if this helps you or not.
  • #1,163
  • Jun 9, 2014 7:12am Jun 9, 2014 7:12am
Quoting Gareth22
{quote} On FF calender, there's a ff alert that says text of the speech was unexpectedly released 9 hours earlier...don't know if this helps you or not.
if true there is no impact.Actually Aussy is getting sold so far
In trading, you have to be defensive and aggressive at the same time
  • #1,164
  • Jun 9, 2014 7:56am Jun 9, 2014 7:56am
Quoting Davit
{quote} Hi Lalu There is no fundies for PA to reach that high regards
It's a purely technical viewpoint. But if eu can turn soon I'd like to short at completion of first ABCD which would be in region between 50/618 fib.
It's all about bucks, kid. The rest is conversation.
  • #1,165
  • Jun 9, 2014 7:59am Jun 9, 2014 7:59am
Quoting Lalu
{quote} It's a purely technical viewpoint. But if eu can turn soon I'd like to short at completion of first ABCD which would be in region between 50/618 fib.
I placed limit shorts at 36502x 36602x 3720 2x
As you can tell from my drawing its relax and wait
There is a range formed between 36-3660
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.daily2.jpg Size: 92 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,166
  • Jun 9, 2014 8:07am Jun 9, 2014 8:07am
Quoting Davit
{quote} I placed limit shorts at 36502x 36602x 3720 2x As you can tell from my drawing its relax and wait {image}
In times of extreme weakness PA falls short of targets so I'll need to be prepared for lower entries if buyers aren't greedy enough. As a very good trader once told me 'you need to be rigidly flexible'.
It's all about bucks, kid. The rest is conversation.
  • #1,167
  • Jun 9, 2014 8:48am Jun 9, 2014 8:48am
Quoting Davit
{quote} I placed limit shorts at 36502x 36602x 3720 2x As you can tell from my drawing its relax and wait There is a range formed between 36-3660 {image}

I try to trade these range probabilities with pivotals levels at H1 exactly the same over Whitsun.
... & have taken many Longs ~1.3590 (DS2) just yet .
I wish you green pips, Davit!
FXcube
  • #1,168
  • Jun 9, 2014 10:00am Jun 9, 2014 10:00am
David

I've been following your analysis -- very impressive!
Let ask a question, if I may.

How do you set a stop loss? (sorry if you have told about it, but I couldn't find it)

I'm asking this because your method seems to need a good space for the price to fluctuate.
Thanks in advance!
  • #1,169
  • Jun 9, 2014 10:04am Jun 9, 2014 10:04am
Don't know if they were re-posted, but here are the two Fib indis posted by Davit fixed to work with the latest MT4 versions.
Attached File(s)
File Type: mq4 Fibo_Independence E.mq4   12 KB | 234 downloads
File Type: mq4 Fibo_Independence.mq4   13 KB | 226 downloads
  • #1,170
  • Jun 9, 2014 12:34pm Jun 9, 2014 12:34pm
Quoting Forexcube
{quote} I try to trade these range probabilities with pivotals levels at H1 exactly the same over Whitsun. ... & have taken many Longs ~1.3590 (DS2) just yet . I wish you green pips, Davit! FXcube
Cube thanks for dropping by.
Going up again 3660 would be nice for both of us.
Green pips as well
In trading, you have to be defensive and aggressive at the same time
  • #1,171
  • Jun 9, 2014 12:39pm Jun 9, 2014 12:39pm
Quoting Forexgogo
David I've been following your analysis -- very impressive! Let ask a question, if I may. How do you set a stop loss? (sorry if you have told about it, but I couldn't find it) I'm asking this because your method seems to need a good space for the price to fluctuate. Thanks in advance!
Hi F
Stop loss is always calculated by $$ not pips
Example AU short=200 .50pip =400pips
Now you got 400pip distance and you can enter as many orders as you want to cover 400pip distance but once 200is reached all orders are closed as loss.
These method overrides spikes which often takes out traders even if direction is correct example recent EU spike.
Amount should be calculated to be around 2% of the account this way even with few losses does not significantly damage the account.
This method is most professional in my opinion.Lets not pretend everyone out there wants your money and what better way then spike it up to stops,clear and take profit.This happens every day.So my solution is not place hard stop.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,172
  • Jun 9, 2014 12:54pm Jun 9, 2014 12:54pm
Quoting sakisf
Don't know if they were re-posted, but here are the two Fib indis posted by Davit fixed to work with the latest MT4 versions. {file} {file}
Thanks Sakis
Green pips
In trading, you have to be defensive and aggressive at the same time
  • #1,173
  • Jun 9, 2014 1:02pm Jun 9, 2014 1:02pm
2x short A/CHF got triggered
8395
love this pair
In trading, you have to be defensive and aggressive at the same time
  • #1,174
  • Jun 9, 2014 1:48pm Jun 9, 2014 1:48pm
Quoting Davit
{quote} Hi F Stop loss is always calculated by $$ not pips Example AU short=200 .50pip =400pips Now you got 400pip distance and you can enter as many orders as you want to cover 400pip distance but once 200is reached all orders are closed as loss. These method overrides spikes which often takes out traders even if direction is correct example recent EU spike. Amount should be calculated to be around 2% of the account this way even with few losses does not significantly damage the account. This method is most professional in my opinion.Lets not pretend...
That is clever! Thank you very much for the explanation!
I like your trading very much! I wish I could trade like you, but it's just too many variables involved. Also I don't have a stomach to give an SL the way you do. Technical and fundamental analyses are quite difficult stuff. 100 analysts say 95 different things. But your analysis is pretty good!
  • #1,175
  • Jun 9, 2014 2:23pm Jun 9, 2014 2:23pm
Quoting Davit
{quote} this is from your profile "The market is a total chaos. I don't believe in any technical analysis. I trade intuitively." That's losers approach. Educate yourself on trading.Its a skill. regards {image} {image}
Looks like pretty good stuff.
Fix up, trade sharp ...
  • #1,176
  • Jun 9, 2014 3:02pm Jun 9, 2014 3:02pm
Quoting Davit
{quote} this is from your profile "The market is a total chaos. I don't believe in any technical analysis. I trade intuitively." That's losers approach. Educate yourself on trading.Its a skill. regards {image} {image}
Thank you very much for the list of resources. I've read some, but will read the ones I haven't.
I agree on you saying "trading is a skill." You need knowledge and experience.
In my profile I'm trying to say that the market can't be theorized. It's all about patterns in the past. It's a science of patterns -- exactly the same as a study of human behaviors. So, I don't believe any specific technical analysis 100% -- it's always just hypothesis. that is why I just adapt different technical readings "intuitively." This is what I meant.

And again I like the way you analyze the market, although the way I trade is largely different from you.
I'll be enjoying your thread
PS I like your art, too!
  • #1,177
  • Jun 9, 2014 3:24pm Jun 9, 2014 3:24pm
Quoting Forexgogo
{quote} Thank you very much for the list of resources. I've read some, but will read the ones I haven't. I agree on you saying "trading is a skill." You need knowledge and experience. In my profile I'm trying to say that the market can't be theorized. It's all about patterns in the past. It's a science of patterns -- exactly the same as a study of human behaviors. So, I don't believe any specific technical analysis 100% -- it's always just hypothesis. that is why I just adapt different technical readings "intuitively." This is what I meant. And...
In trading works what you believe is working Basicaly, every your belief about market is market itself. I believe S/R work. I'm right. If you believe they don't you are right as well. The next task is to find out how it makes trading successful.

Good thread by the way
Lose small, win BIG
  • #1,178
  • Jun 9, 2014 3:50pm Jun 9, 2014 3:50pm
Quoting ProsteJa
{quote} In trading works what you believe is working Basicaly, every your belief about market is market itself. I believe S/R work. I'm right. If you believe they don't you are right as well. The next task is to find out how it makes trading successful. Good thread by the way
I agree with you 100% Philosophical discussion aside, if you believe it works, it works. SR, Fibo, RNs, harmonies... all work to some extent. Now it's your choice what to pick.
  • #1,179
  • Jun 10, 2014 1:02am Jun 10, 2014 1:02am
Attached Image (click to enlarge)
Click to Enlarge Name: audchf.daily4.jpg Size: 90 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,180
  • Jun 10, 2014 1:41am Jun 10, 2014 1:41am
Quoting Davit
{image}
Dear,
Where is TP?
Kindly share.
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