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Davit's Confluence Trading

  • #1,341
  • Jun 16, 2014 3:51pm Jun 16, 2014 3:51pm
Quoting bryn077
{quote} 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....
Nice Bryno
Its nice you utilizing limit potential.I love it.
Go slow build your account and in process keep refining your trading.I can honestly say I am better trader now today then few months ego even though I made pretty good returns.
To me good trader is not about when things are going your way but how you deal with when trades are not going your way.Either one freezes like a deer and account takes a major hit or one weeds out the losers early and swiftly.
Agree on Divergence on NU
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,342
  • Edited 7:33pm Jun 16, 2014 7:19pm | Edited 7:33pm
Closed all my 8 shorts on AUD/CHF at 8410
-30 pips
+28 pips
+34 pips
+104pips
Total pips +136pips
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #1,343
  • Jun 16, 2014 7:37pm Jun 16, 2014 7:37pm
Quoting Davit
Closed all my 8 shorts on AUD/CHF at 8410 -30 pips +28 pips +34 pips +104pips Total pips +136pips {image}
Nice
Ghost Rider - WWTBMD?
  • #1,344
  • Jun 16, 2014 7:39pm Jun 16, 2014 7:39pm
Quoting albchr
{quote} Nice
Thanks bro
Will most likely close all my AU trades at 9350.Want to unload my too many current trades
In trading, you have to be defensive and aggressive at the same time
  • #1,345
  • Jun 16, 2014 10:45pm Jun 16, 2014 10:45pm
closed all my 8 shorts on AU at 9352
+170pips no losses here
Total profits today
+306pips
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.h4.png Size: 27 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,346
  • Jun 16, 2014 11:27pm Jun 16, 2014 11:27pm
G/CHF short 2x 1.5250
In trading, you have to be defensive and aggressive at the same time
  • #1,347
  • Jun 17, 2014 12:00am Jun 17, 2014 12:00am
Quoting Davit
closed all my 8 shorts on AU at 9352 +170pips no losses here Total profits today +306pips {image}
Outstanding work my friend. It's inspirational. There is a confluence of fibs etc at 9350ish so exited here too enabling me to concentrate my efforts on cable and nu.

Attached Image (click to enlarge)
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It's all about bucks, kid. The rest is conversation.
  • #1,348
  • Jun 17, 2014 12:09am Jun 17, 2014 12:09am
Quoting Lalu
{quote} Outstanding work my friend. It's inspirational. There is a confluence of fibs etc at 9350ish so exited here too enabling me to concentrate my efforts on cable and nu. {image}
Thanks bro.I had way too many orders.Normally I stay within my comfort and account boundaries and eliminating all Aussy based pairs gave me some margin space.
I am very close to hit my June profit target hence I need to wait patiently for GU and NU to hit my TP's
CPI high impact news on GU in hour and half
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,349
  • Jun 17, 2014 12:33am Jun 17, 2014 12:33am
Quoting Davit
closed all my 8 shorts on AU at 9352 +170pips no losses here Total profits today +306pips {image}
Hey now, how about leaving some for the rest of us huh? ... lol
Well done Davit. Very well done!
Ghost Rider - WWTBMD?
  • #1,350
  • Jun 17, 2014 12:40am Jun 17, 2014 12:40am
Quoting Lalu
{quote} Outstanding work my friend. It's inspirational. There is a confluence of fibs etc at 9350ish so exited here too enabling me to concentrate my efforts on cable and nu. {image}
Very Nice Lalu. It would seem we're now all waiting on the same things. NU & GU. Took 2/3 of my EA longs. Covered the rest.

Let's hope the GBP news will be kind.
Ghost Rider - WWTBMD?
  • #1,351
  • Jun 17, 2014 1:03am Jun 17, 2014 1:03am
Quoting albchr
{quote} Very Nice Lalu. It would seem we're now all waiting on the same things. NU & GU. Took 2/3 of my EA longs. Covered the rest. Let's hope the GBP news will be kind.

Morning Chris,
Looking at cable – it took out yesterday’s range low by a pip, reversed and took out pivot and 786 by a pip. Ordinarily I would be confident that we would now be on our merry way, but with the high impact news around the corner anything goes. Next bear hurdle will probably be overnight range low at 57. If the hunt attacks Northwards I’ll be ready and waiting. Release from the au trade affords me more mental and account leverage to apply to cable as needed.

All the best amigo.

Attached Image (click to enlarge)
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It's all about bucks, kid. The rest is conversation.
  • #1,352
  • Jun 17, 2014 1:28am Jun 17, 2014 1:28am
Quoting Lalu
{quote} Morning Chris, Looking at cable – it took out yesterday’s range low by a pip, reversed and took out pivot and 786 by a pip. Ordinarily I would be confident that we would now be on our merry way, but with the high impact news around the corner anything goes. Next bear hurdle will probably be overnight range low at 57. If the hunt attacks Northwards I’ll be ready and waiting. Release from the au trade affords me more mental and account leverage to apply to cable as needed. All the best amigo. {image}
Yeah I'm afraid TA isn't much help for me in this tight little range at the moment. However if we go by the discussion on the Doji thread, we should be a shoe in for the drop...lol

Right now I'm trying to discover why the discrepancies between TF's in this daily open indie on Davits system. ?

Good luck to us all.
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #1,353
  • Jun 17, 2014 1:35am Jun 17, 2014 1:35am
Quoting Davit
G/CHF short 2x 1.5250
closed at 5220
+60pips
+366 pips today
In trading, you have to be defensive and aggressive at the same time
  • #1,354
  • Jun 17, 2014 1:38am Jun 17, 2014 1:38am
Quoting albchr
{quote} Hey now, how about leaving some for the rest of us huh? ... lol Well done Davit. Very well done!
thanks bro
green pips
With negative CPI our shorts are in good hands
This is enough to instigate correction which is badly due
In trading, you have to be defensive and aggressive at the same time
  • #1,355
  • Jun 17, 2014 1:44am Jun 17, 2014 1:44am
Well done Davit. Closed AUD/CHF too early. But what are you going to do when you have to do it because of MM.
Fix up, trade sharp ...
  • #1,356
  • Edited 2:03am Jun 17, 2014 1:48am | Edited 2:03am
Quoting Hickson
Well done Davit. Closed AUD/CHF too early. But what are you going to do when you have to do it because of MM.
Thanks bro
I just hit my June profit target so anything from here is gravy. By the way I sent lot of material on your G mail
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,357
  • Jun 17, 2014 3:37am Jun 17, 2014 3:37am
Quoting Davit
{quote} I overlaid CCI14 (FXcube has cci+bb combo) over RSI and clearly shows divergence {image}
I have always found an inside divergence will have a greater probability and a reference points as apposed to outside divergence. Not that I use the indicators. Understanding of inside divergence is a measured, efficient move down followed by a spike up inside price, such as the Kiwi at the moment and is against the trend in the time frame you are trading. So main reason I find they work is because they are caused by an inefficient leg against the trend will most likely get retraced unless it is a fundamental market surprise not priced in.

The outside divergence is different as it is caused by a change of character in the price as the trend evolves. Once a trend gets momentum price will drop dramatically in the absence of liquidity on the buy side drying up. Ranges will widen and also close near the low.

Once this happens the indicators move sharply until buyers in the form of new orders or buyers in form of profit taking come into the market. This causes a change in the price character again with shortening range, maybe a few up days etc. The higher prices then brings in more late sellers and evens up the balance between sellers and buyers again. Price action is now less one sided. This creates more up and down action, the indicator drop less than prior and may not continue to go lower as the calculations may now not include the previous steep moves down.
  • #1,358
  • Jun 17, 2014 3:44am Jun 17, 2014 3:44am
Quoting Davit
{quote} closed at 5220 +60pips +366 pips today
Good job, just managed to get jump ship too with my GCHF trades when it hit land this morning after the news
Nicely done on the Auz trades too!
  • #1,359
  • Jun 17, 2014 4:42am Jun 17, 2014 4:42am
Dear Davit,

You grabbed great pips with nice management. I appreciate it and i learnt too as well. Keep it up.
  • #1,360
  • Jun 17, 2014 9:46am Jun 17, 2014 9:46am
Quoting squawk
{quote} I have always found an inside divergence will have a greater probability and a reference points as apposed to outside divergence. Not that I use the indicators. Understanding of inside divergence is a measured, efficient move down followed by a spike up inside price, such as the Kiwi at the moment and is against the trend in the time frame you are trading. So main reason I find they work is because they are caused by an inefficient leg against the trend will most likely get retraced unless it is a fundamental market surprise not priced in....
Squawk
Thanks for your insights.I appreciate it.Personally I don't place big importance on divergence but when it fits with my bias then its just another confluence but by itself I don't trade it.
regards
In trading, you have to be defensive and aggressive at the same time
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