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Davit's Confluence Trading

  • #1,421
  • Jun 21, 2014 11:33am Jun 21, 2014 11:33am
Quoting Davit
I spend usually weekend going over my trading identifying errors and on trading education. When trading BB system its important to recognize market sentiment For Example market sentiment is Bearish on Euro and knowing this it helps gauging our profit targets.If doing counter trend recognize in bearish euro sentiment your risk is greater buying the Euro then Selling the euro.Knowing this if you buy the Euro from deviation2-3 and price is going your way watch 20 MA middle BB for possible exit.This is important because remember sentiment...
Hi Davit!
Great design!
My sentiments exactly!
FXcube

A bad workman always blames his tools.
  • #1,422
  • Edited 2:30pm Jun 22, 2014 1:48pm | Edited 2:30pm
I usually try to emphasize trading education on constant bases(when not trading)working on psychology is the key because much of Trading is psychological.Taking a loss,moving a stop,taking winners early because of fear of losing profits,fear itself etc.
You see TA can't control this.
If you have not read "Trading in the Zone" please do it.Here is some comments from Mark Douglas
Inserted Video


There is a key comment when he says TA only provides Edge (assuming it does) on series of trades not single trade. 7:20 on video
Reason I believe on my BB system because on 100 trades I know roughly 75-80 will be winners.Key element is discretion and that's something lot more complicated.
In trading, you have to be defensive and aggressive at the same time
  • #1,423
  • Jun 23, 2014 5:05am Jun 23, 2014 5:05am
Quoting Davit
{quote} next week should be interesting. green pips

Profit withered away but added more shorts now...9435
  • #1,424
  • Jun 23, 2014 9:37am Jun 23, 2014 9:37am
Quoting Davit
short CaD/JPY 2x 94.95 {image}
out at 88+8pips
Don't like the fact continued gains of Cad on UC which pushes C/J higher.
Will look for opertunity later on this pair
In trading, you have to be defensive and aggressive at the same time
  • #1,425
  • Edited 8:45am Jun 24, 2014 8:23am | Edited 8:45am
http://designcollector.net/files/andy_denzler_03.jpg

Just like Life.What looks pretty is turmoil underneath.
Andy Denzler

Waiting for news consumer confidence
In trading, you have to be defensive and aggressive at the same time
  • #1,426
  • Jun 24, 2014 9:10am Jun 24, 2014 9:10am
Closed all my 8 shorts on Aussie
at 9376
+216pips
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In trading, you have to be defensive and aggressive at the same time
  • #1,427
  • Jun 24, 2014 2:49pm Jun 24, 2014 2:49pm
Quoting Davit
Closed all my 8 shorts on Aussie at 9376 +216pips {image}

Well done again sir.
  • #1,428
  • Jun 24, 2014 3:50pm Jun 24, 2014 3:50pm
Quoting spyderman
{quote} Well done again sir.
Thanks friend.Wish you green pips as well
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,429
  • Jun 24, 2014 4:22pm Jun 24, 2014 4:22pm
http://2.bp.blogspot.com/-txF8GNVTfI...-DENZLER01.jpg

Andy Denzler
In trading, you have to be defensive and aggressive at the same time
  • #1,430
  • Jun 24, 2014 9:46pm Jun 24, 2014 9:46pm
Gegam Kacherian
My best friend.We used to paint together in LA.Very talented and his prices are climbing.
Too many great painting to see please visit the site
http://gegamkacherian.com/#2010-to-present/33
http://thailand-memories.com/wp-cont...6/SAM_0675.jpg
In trading, you have to be defensive and aggressive at the same time
  • #1,431
  • Jun 25, 2014 3:03am Jun 25, 2014 3:03am
Quoting Davit
Closed all my 8 shorts on Aussie at 9376 +216pips {image}
Well done Davit. Great trading again.

All the best amigo.
It's all about bucks, kid. The rest is conversation.
  • #1,432
  • Jun 25, 2014 8:46pm Jun 25, 2014 8:46pm
Quoting Davit
Gegam Kacherian My best friend.We used to paint together in LA.Very talented and his prices are climbing. Too many great painting to see please visit the site http://gegamkacherian.com/#2010-to-present/33 {image}

Davit...got your reply to my post, a few posts up. Thanks for the advice as usual.

Nice paintings by your friend man, real nice...I gotta say, I can see the LA influence...awesome.
  • #1,433
  • Jun 25, 2014 8:55pm Jun 25, 2014 8:55pm
Davit,

Read the BWILC book you recommended. Excellent read. Would recommend everyone takes a read. It really gives a different perspective (at least for me) of the markets and how to view and trade them.
Appreciate your insights and direction.
  • #1,434
  • Jun 26, 2014 12:45am Jun 26, 2014 12:45am
Quoting Lalu
{quote} Well done Davit. Great trading again. All the best amigo.
Thanks Lalu
green pips
In trading, you have to be defensive and aggressive at the same time
  • #1,435
  • Jun 26, 2014 12:46am Jun 26, 2014 12:46am
Good morning Davit,
NU has charted out a megafone/reverse wave triangle similar to gu at 7060.

Attached Image (click to enlarge)
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It's all about bucks, kid. The rest is conversation.
  • #1,436
  • Jun 26, 2014 12:46am Jun 26, 2014 12:46am
Quoting bryn077
{quote} Davit...got your reply to my post, a few posts up. Thanks for the advice as usual. Nice paintings by your friend man, real nice...I gotta say, I can see the LA influence...awesome.
Thanks for checking out Green pips
In trading, you have to be defensive and aggressive at the same time
  • #1,437
  • Jun 26, 2014 12:48am Jun 26, 2014 12:48am
Quoting Lalu
Good morning Davit, NU has charted out a megafone/reverse wave triangle similar to gu at 7060. {image}
I added few more shorts at 8760
it is simply overbought.won't stay at this levels long.
In trading, you have to be defensive and aggressive at the same time
  • #1,438
  • Jun 26, 2014 12:50am Jun 26, 2014 12:50am
Quoting spyderman
Davit, Read the BWILC book you recommended. Excellent read. Would recommend everyone takes a read. It really gives a different perspective (at least for me) of the markets and how to view and trade them. Appreciate your insights and direction.
Thanks for reading the book.It sure open my eyes lot of ways.
Green pips
In trading, you have to be defensive and aggressive at the same time
  • #1,439
  • Jun 30, 2014 5:46am Jun 30, 2014 5:46am
Keeping an eye on these, they are approaching the shooting range perimeter, maybe mid/late week could be a shooting opportunity... depending on fundi and other factors
EU
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UCH
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UJ
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Something to keep an eye on possibly

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  • #1,440
  • Jun 30, 2014 4:55pm Jun 30, 2014 4:55pm
June summery
+3.5% of equity.Have good chunk DD now so I'll see how I close July.
Have gained consistently last 6 months 6-18% and June was my lowest.This came little unexpected of US GDP severe drop effected pairs I was trading.
Gain is gain.

June Stats
97 trades taken
80 wins 17 losses above 80%
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In trading, you have to be defensive and aggressive at the same time
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