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Davit's Confluence Trading

  • #1,321
  • Jun 15, 2014 4:45pm Jun 15, 2014 4:45pm
Quoting Davit
{quote} Got to be honest I prefer Jazz more or less Jazz (which is pretty complex as music can get or simple) Your example didn't do it for me.Not saying its not good music just does not sink in with my musical ears. Never been fan of Steely Dan and bands like them.Thks for posting though On trading Monday Asia is fickle as you know already. Lets see if London sells the Sterling which I suspect they will, now that Carney trick is getting old and move is already transpired
That's cool. Everybody's taste is different. I have a very wide taste in music. From hard rock to classical (sorry... no rap). Many a wood working project was created to this in the background. Imagine being 13 years old and trying to get your friends who were banging their heads to Led Zeppelin to give it a listen...LOL

First a few positions I imagine.
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Ghost Rider - WWTBMD?
  • #1,322
  • Jun 15, 2014 4:52pm Jun 15, 2014 4:52pm
Quoting Hickson
{quote} I heard a lot about this market wizard book. Do you also have this? I would like to study it.
Just PM your email I'll sent all wizards books
Just don't want to do it here copy rights and all that.Most of the traders made their money in 80's from commodities but trading insights are helpful
In trading, you have to be defensive and aggressive at the same time
  • #1,323
  • Jun 15, 2014 4:56pm Jun 15, 2014 4:56pm
Quoting albchr
{quote} That's cool. Everybody's taste is different. I have a very wide taste in music. From hard rock to classical (sorry... no rap). Many a wood working project was created to this in the background. Imagine being 13 years old and trying to get your friends who were banging their heads to Led Zeppelin to give it a listen...LOL First a few positions I imagine. {image}
I had the same swing fib extension and its totally overbought.
My biggest baddest positions are on NU
Milk action tomorrow 17th Tues for ET and we could see 75-100pip drop in 5hrs depending on outcome (that's what happened last action)
In trading, you have to be defensive and aggressive at the same time
  • #1,324
  • Jun 15, 2014 5:11pm Jun 15, 2014 5:11pm
Quoting Davit
{quote} I had the same swing fib extension and its totally overbought. My biggest baddest positions are on NU Milk action tomorrow 17th Tues for ET and we could see 75-100pip drop in 5hrs depending on outcome (that's what happened last action)
Just saying ...

My newly dubbed Chris_Davit SR/BB charts
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Ghost Rider - WWTBMD?
  • #1,325
  • Jun 15, 2014 5:30pm Jun 15, 2014 5:30pm
Quoting albchr
{quote} Just saying ... My newly dubbed Chris_Davit SR/BB charts {image}
I overlaid CCI14 (FXcube has cci+bb combo) over RSI and clearly shows divergence
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In trading, you have to be defensive and aggressive at the same time
  • #1,326
  • Jun 15, 2014 5:54pm Jun 15, 2014 5:54pm
Quoting Davit
{quote} I overlaid CCI14 (FXcube has cci+bb combo) over RSI and clearly shows divergence {image}
Well as you know I've never been much of an indie guy. So I don't pay much attention to divergences. As such I know next to nothing. With my very limited knowledge of it, wouldn't that indicate a bullish divergence?

Do I have that wrong or is it simply that we look for "a" divergence indicating the imbalance?
Ghost Rider - WWTBMD?
  • #1,327
  • Jun 15, 2014 6:22pm Jun 15, 2014 6:22pm
Quoting albchr
{quote} Well as you know I've never been much of an indie guy. So I don't pay much attention to divergences. As such I know next to nothing. With my very limited knowledge of it, wouldn't that indicate a bullish divergence? Do I have that wrong or is it simply that we look for "a" divergence indicating the imbalance?
“divergence” mean a disagreement between Price Action Signals and Indicators Signals
Bullish PA would have both TL and indicator TL going same direction but in NU case 8770 is reading lower then 8670
In trading, you have to be defensive and aggressive at the same time
  • #1,328
  • Jun 15, 2014 6:40pm Jun 15, 2014 6:40pm
Quoting Davit
{quote} “divergence” mean a disagreement between Price Action Signals and Indicators Signals Bullish PA would have both TL and indicator TL going same direction but in NU case 8770 is reading lower then 8670
I see. Thank you for the explanation Davit. I suppose if I'm going to have any on the chart, I better find time to do some research.
Ghost Rider - WWTBMD?
  • #1,329
  • Jun 15, 2014 11:58pm Jun 15, 2014 11:58pm
Good morning Davit,
Many thanks for posting books. It feels like the global hackles are up again. Darkness is reaching out from Iraq. Volatile times ahead. Calm heads required. I’m still holding nu,au and gu shorts.

Regards
It's all about bucks, kid. The rest is conversation.
  • #1,330
  • Edited 12:40am Jun 16, 2014 12:22am | Edited 12:40am
Quoting Lalu
Good morning Davit, Many thanks for posting books. It feels like the global hackles are up again. Darkness is reaching out from Iraq. Volatile times ahead. Calm heads required. I’m still holding nu,au and gu shorts. Regards
same here
looking to get out from A/CHF and G/CHF both losers. EU is getting killed.
I am just glad my investment on those two are not big.
Break of 1.53 will invalidate the pattern
88.6 is last chance of resistance
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In trading, you have to be defensive and aggressive at the same time
  • #1,331
  • Jun 16, 2014 1:58am Jun 16, 2014 1:58am
Quoting Davit
{quote} same here looking to get out from A/CHF and G/CHF both losers. EU is getting killed. I am just glad my investment on those two are not big. Break of 1.53 will invalidate the pattern 88.6 is last chance of resistance {image}
AUD/CHF has been a horrible trade. Closed everything last friday. Well, it looked promising at least.
Fix up, trade sharp ...
  • #1,332
  • Jun 16, 2014 3:24am Jun 16, 2014 3:24am
AUD CHF is very funny on AVA Trade

Have a look at this guys
  • #1,333
  • Jun 16, 2014 3:24am Jun 16, 2014 3:24am
Quoting Feefee
AUD CHF is very funny on AVA Trade Have a look at this guys
Sorry forgot the attachment
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  • #1,334
  • Jun 16, 2014 4:06am Jun 16, 2014 4:06am
Quoting Davit
{quote} Thanks for suggestions.I generally focus now mostly almost 100% on instrumental music.Words force me to think in certain way but with instruments I imagine my success,dreams passions as freely as I like. I ride 10miles to work on bicycle 5times a week so lot of the music I listen while riding. Read the PDF and try some implementing some of the ideas. Regards
The ones I mention are instrumental, my fav type generally But I mentioned they were prog rock, actually they're 'post rock' sorry. That's a lot of listening time on your travels; the one and only thing I do miss about commuting!

Any thoughts on GCHF? It seems to be hitting the high BB on D1 W1 and M1 TFs. Would this be a signal for you for a possible longer term position or do you generally treat the higher BB/RSI TF signals differently (just a theory q for now, I didnt check any fundies or other factors for the moment?

Thanks again Davit!

+ a sample of Godspeed for you: great 'travelling' music imho!
//youtu.be/0Ic_SbGEerk?t=11m14s
Attached Image
  • #1,335
  • Jun 16, 2014 7:21am Jun 16, 2014 7:21am
Quoting gjgjg
{quote} The ones I mention are instrumental, my fav type generally But I mentioned they were prog rock, actually they're 'post rock' sorry. That's a lot of listening time on your travels; the one and only thing I do miss about commuting! Any thoughts on GCHF? It seems to be hitting the high BB on D1 W1 and M1 TFs. Would this be a signal for you for a possible longer term position or do you generally treat the higher BB/RSI TF signals differently (just a theory q for now, I didnt check any fundies or other factors for the moment? Thanks again...
Hi G
Thanks for the music

G/CHF is just flipped EG and there is some retracement now but looking to get out.I can get out now with -65pips and AUD/CHF has a chance to be profitable and still open.
Yes fundamentals do matter.EU is basically being sold off since .010 cut.Basically with sound trading method looking to cut the losers with minimal damage
You do have a point about time.I may wait few days.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,336
  • Jun 16, 2014 8:24am Jun 16, 2014 8:24am
Closed 2x G/CHF at 5234 -60pips
Just glad to get out.
In trading, you have to be defensive and aggressive at the same time
  • #1,337
  • Jun 16, 2014 8:30am Jun 16, 2014 8:30am
Quoting Davit
Closed 2x G/CHF at 5234 -60pips Just glad to get out.
Whenever I do that, I do the happy dance. ...lol
Ghost Rider - WWTBMD?
  • #1,338
  • Jun 16, 2014 9:06am Jun 16, 2014 9:06am
Quoting albchr
{quote} Whenever I do that, I do the happy dance. ...lol
should discourage free loaders
In trading, you have to be defensive and aggressive at the same time
  • #1,339
  • Jun 16, 2014 9:22am Jun 16, 2014 9:22am
Quoting Davit
{quote} should discourage free loaders
Hmmmm...... ... you know? I never thought of it like that but your right! It probably would.
Ghost Rider - WWTBMD?
  • #1,340
  • Jun 16, 2014 2:33pm Jun 16, 2014 2:33pm
Quoting Davit
added 2 more shorts on A/CHF at 8422 Bryno77 Welcome back.I would suggest you download my template indies and follow us on BB trading.You'll find it profitable Regards I have my hands full of AUD pair trades.Kind of overexposed.So no more AUD until what I have show profit
Thanks, and thanks for the suggestion to trade with your template. I always take your suggestions with care but I have to stick to my guns and continue with my line of thinking and the process I have developed. Though trust me my good man there are definitely traces of what I have learned from you in my trading...no doubt. I also don't have your patience and risk tolerance...working it tho.

Good luck on the NU...what a rip. I am looking for shorts now, just want to see a break of support around .865. Good divergence on cc114. see chart.

Also, here is one of my set-ups I'm working on...I call it the 'Oil Checker.' Nice tag this morning on the EC...short entry on limit. see chart. Entered with 3 lots removed two for decent profit then trailed the rest.

Thank you,
Bryan
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