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Davit's Confluence Trading

  • #1,381
  • Jun 18, 2014 2:25am Jun 18, 2014 2:25am
Quoting Davit
{quote} we sure need a republican conservative president with a vision Some thoughts how stupid US foreign policy has been After killing thousands of "collateral damage" Wasting trillions on Iraq.Now we created bigger mess that is worst then Saddam Husein regime. Question American tax payer should ask "what did we achieve in middle east last 10years."
Yeah and the worst part of it? We're about to create the very same void in Afghanistan while he plays golf.....badly. I'm a proud American brother. I could not be more ashamed of our current government!

I have called him terrorist and chief from day 1 and been ridiculed severely for such. History, is never wrong. It won't be again.
Ghost Rider - WWTBMD?
  • #1,382
  • Jun 18, 2014 2:25am Jun 18, 2014 2:25am
Quoting Davit
{quote} Thanks for showing interest in Art. Yes he is slightly unappreciated but his best works I can't post here. regards
Pleasure - sometimes as i am sure u know well the detail is in the making - used to live in Florence comes naturally to the Fiorantines
  • #1,383
  • Jun 18, 2014 2:46am Jun 18, 2014 2:46am
Quoting albchr
{quote} Yeah and the worst part of it? We're about to create the very same void in Afghanistan while he plays golf.....badly. I'm a proud American brother. I could not be more ashamed of our current government! I have called him terrorist and chief from day 1 and been ridiculed severely for such. History, is never wrong. It won't be again.
America should go back to constitutional government
Vision created by founding fathers.
To some extend they were all isolationists.Its not necessarily a bad thing.Look at Canada.Nobody bombs Canadians and for good reason.They are not everywhere meddling other countries affairs.

Sadly simpletons running offices are more then ready waving flags trying the cheap patriotic sentiment "we got to be tough BS"
Without understanding that true patriotism does not have to be on the expense of other countries or our own citizens.
We should seriously teach critical thinking from 1st grade here.
In trading, you have to be defensive and aggressive at the same time
  • #1,384
  • Jun 18, 2014 2:49am Jun 18, 2014 2:49am
Did you guys noticed how MM pushed GU got all the late buyers in then slump shorts.
Typical example of false break out.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.m15.png Size: 37 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,385
  • Edited 3:56am Jun 18, 2014 3:08am | Edited 3:56am
Limit short on G/J 7380 2x
Figured it might get triggered on news coming in 20min

My 6 shorts on G/CHF 5260-63 is doing
In trading, you have to be defensive and aggressive at the same time
  • #1,386
  • Jun 18, 2014 3:34am Jun 18, 2014 3:34am
Quick +30pips gain on G/J closed at 50 triggered at 80
Funny my Oanda did not trigger but my MB trading did
Same number...
In trading, you have to be defensive and aggressive at the same time
  • #1,387
  • Jun 18, 2014 3:57am Jun 18, 2014 3:57am
6 shorts on G/CHF 5260-63
Closed at 5230
6x30pips +180pips
Not taking chance on later talking heads
Total today
+210pips
In trading, you have to be defensive and aggressive at the same time
  • #1,388
  • Jun 18, 2014 4:37am Jun 18, 2014 4:37am
Davit,

Extremely impressive results, although you don't need me to say so.

I know it's a basic question, but when looking at lower timeframes and using your BB strategy, what do you look for to tell you it's going to turn around and range, and not just continue going up?

Attached is an example of what could have happened on the eurjpy this morning (I know you don't trade jpy pairs).

Many thanks,
Attached Image (click to enlarge)
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  • #1,389
  • Jun 18, 2014 5:42am Jun 18, 2014 5:42am
Quoting Davit
6 shorts on G/CHF 5260-63 Closed at 5230 6x30pips +180pips Not taking chance on later talking heads Total today +210pips
Closed my small GCHF too in the green, thanks again to your system
  • #1,390
  • Jun 18, 2014 5:44am Jun 18, 2014 5:44am
Quoting Davit
Did you guys noticed how MM pushed GU got all the late buyers in then slump shorts. Typical example of false break out. {image}
Yup, noticed that on my phone on the train my friend. Had to laugh how they always play the same game ... escaped them this time ... fucking, greedy BASTARDS ...
Fix up, trade sharp ...
  • #1,391
  • Edited 7:34am Jun 18, 2014 7:24am | Edited 7:34am
Quoting Gareth22
Davit, Extremely impressive results, although you don't need me to say so. I know it's a basic question, but when looking at lower timeframes and using your BB strategy, what do you look for to tell you it's going to turn around and range, and not just continue going up? Attached is an example of what could have happened on the eurjpy this morning (I know you don't trade jpy pairs). Many thanks, {image}
Gareth
Its a important question.All Oscillator based system suffer from one weakness that "overbought" "oversold" could extend and continue for some distance.
This is where discretion comes in.
If you are trend following this could be good thing for example you can make a decision to go along with major trend instead of counter trend.In which case you either only buy or sell.
factors to consider
1.fundamentals
2.Price in relation to system and harmonics (From last swing is it fib 1.618, 200? which should raise red flags since those are numbers often price turns)
3.Decide type of trading you prefer range which BB system is ideal or trend.If range then focus pairs that often range like AU and all Aud based pairs or trending pairs like Yen and all Yen pairs.
Just keep in mind 70% of forex is in some kind of range.To me this fact alone is good enough to exploit.
Now you know why I don't mostly trade yen because they trend.I prefer range.
On your example Euro has been oversold on all pairs since .10% cut(fundemetal factor) and I anticipate some corrections to follow.Its difficult to gauge how far corrections will run before market slums Euro hard again.
You did a great job collecting pips.Just keep lots small which allows room for trade to breathe.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,392
  • Jun 18, 2014 9:30am Jun 18, 2014 9:30am
Quoting Davit
{quote} Did you listen all the presentation? It seems you jumped the gun to quick
Hey buddy

The slow market gave me time to watch this. I understand the point he's making. One could read The Art Of War and get the basic philosophy as well. So it's not that he's actually down on TA. Just more about the reverse phycology use of it.
Ghost Rider - WWTBMD?
  • #1,393
  • Jun 18, 2014 1:13pm Jun 18, 2014 1:13pm
Short
G/CHF 2x 5220
Short
NU 2x 8703
In trading, you have to be defensive and aggressive at the same time
  • #1,394
  • Jun 18, 2014 1:39pm Jun 18, 2014 1:39pm
Quoting Davit
Short G/CHF 2x 5220 Short NU 2x 8703
Ghost Rider - WWTBMD?
  • #1,395
  • Jun 18, 2014 1:50pm Jun 18, 2014 1:50pm
Quoting albchr
{quote}
looks like scared money is flowing into NZ with high IR
Not happy overall with NU situation.This pair is showing no weakness.My biggest error of judgement this year.
In trading, you have to be defensive and aggressive at the same time
  • #1,396
  • Jun 18, 2014 2:00pm Jun 18, 2014 2:00pm
Quoting Davit
{quote} looks like scared money is flowing into NZ with high IR Not happy overall with NU situation.This pair is showing no weakness.My biggest error of judgement this year.
I'm not convinced myself but if I screwed up I'll take the hit. I added at 8690 and 8707. I smell bull trap. On GU too.
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #1,397
  • Jun 18, 2014 2:19pm Jun 18, 2014 2:19pm
2x AU short 9380
2x 9387
In trading, you have to be defensive and aggressive at the same time
  • #1,398
  • Jun 18, 2014 2:25pm Jun 18, 2014 2:25pm
Quoting albchr
{quote} I'm not convinced myself but if I screwed up I'll take the hit. I added at 8690 and 8707. I smell bull trap. On GU too. {image}
short nu 8717.
It's all about bucks, kid. The rest is conversation.
  • #1,399
  • Jun 18, 2014 2:33pm Jun 18, 2014 2:33pm
Quoting Davit
{quote} looks like scared money is flowing into NZ with high IR Not happy overall with NU situation.This pair is showing no weakness.My biggest error of judgement this year.
At least you can admit it. Bad EU numbers and no reason to buy USD -> Money to high hike rate currencies again. Did a similair mistake by myself. Had a very stressful day and therefore hedged my E/A shorts with longs. Turned out to be unnecessary. Have to wait for 1.46xx now to unload all longs.
Fix up, trade sharp ...
  • #1,400
  • Jun 18, 2014 2:54pm Jun 18, 2014 2:54pm
Quoting Hickson
{quote} At least you can admit it. Bad EU numbers and no reason to buy USD -> Money to high hike rate currencies again. Did a similair mistake by myself. Had a very stressful day and therefore hedged my E/A shorts with longs. Turned out to be unnecessary. Have to wait for 1.46xx now to unload all longs.
Could be short squeeze on Bears on AU and NU
Have to give it time.I've seen spikes like these before
In trading, you have to be defensive and aggressive at the same time
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