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Davit's Confluence Trading

  • #1,561
  • Jul 24, 2014 1:31pm Jul 24, 2014 1:31pm
nice harmonics there as well
Keep in mine last 20day ADR is 28 so this pair is not fireworks but like small ADR pairs.I prefer building multiple positions on tight range then have few trades on long range like Cable crosses which I generally don't trade.Imagine being on wrong side of G/NZD 250 pips in 1day recently.That's crazy
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.H4.png Size: 52 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,562
  • Jul 24, 2014 1:51pm Jul 24, 2014 1:51pm
Quoting Davit
{quote} Looks perfect set up for my BB system. Took 2x shorts 9023 U/CHF (same as going long on Euro) Recent fundies on EZ were green Regards {image}
Yes, RR on this looks pretty fine. BTW, what do the different colours of the candles in your chart mean? RED and GREEN is quite obvious, what does blue represent? Ranging?
Fix up, trade sharp ...
  • #1,563
  • Jul 24, 2014 2:31pm Jul 24, 2014 2:31pm
Quoting Hickson
{quote} Yes, RR on this looks pretty fine. BTW, what do the different colours of the candles in your chart mean? RED and GREEN is quite obvious, what does blue represent? Ranging?
Yes Blue means ranging or neutral that can go either up or down basically when inside the Wave.Trades to be avoided.
In trading, you have to be defensive and aggressive at the same time
  • #1,564
  • Jul 25, 2014 5:26am Jul 25, 2014 5:26am
Good job dear Davit, happy to see your result in your latest trades

Sold USD/CHF @0.9037
will reload @ 0.9056 (it's better place to short it)

Need Mr Euro's help
  • #1,565
  • Jul 25, 2014 10:57am Jul 25, 2014 10:57am
Dear All,

Just entered Long in Euro.
Attached Image (click to enlarge)
Click to Enlarge Name: Euro Position.png Size: 48 KB

Davit please pinpoint mistake, if any.

Regards,
Azfar
  • #1,566
  • Jul 25, 2014 11:22am Jul 25, 2014 11:22am
Quoting azfarjaved
Dear All, Just entered Long in Euro.{image} Davit please pinpoint mistake, if any. Regards, Azfar
EU is at very important level, take a look to the picture. just be careful
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdmonthly.png Size: 32 KB
  • #1,567
  • Jul 25, 2014 11:36am Jul 25, 2014 11:36am
Also this one
Challenging 200 MAs in weekly tf
Red = 200 Simple MA
Magenta = 200 Smoothed MA
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdweekly.png Size: 41 KB
  • #1,568
  • Jul 25, 2014 11:52am Jul 25, 2014 11:52am
I have been fishing in unknown waters ... trying to get a clue out of this. Shame or fame?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 32 KB
Fix up, trade sharp ...
  • #1,569
  • Jul 25, 2014 12:05pm Jul 25, 2014 12:05pm
H1:
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 36 KB
Fix up, trade sharp ...
  • #1,570
  • Jul 25, 2014 12:14pm Jul 25, 2014 12:14pm
Quoting Hickson
H1: {image}
Ucad loves to move range
  • #1,571
  • Jul 25, 2014 12:15pm Jul 25, 2014 12:15pm
Hi Guys great posts
Just went short on AN 2x10998
Nice to be on positive side of swap and great place to short
Double top on left
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD.Daily.png Size: 57 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,572
  • Jul 25, 2014 12:16pm Jul 25, 2014 12:16pm
Quoting HCGroup
{quote} EU is at very important level, take a look to the picture. just be careful {image}
Dear HCGroup,
Thanks for guidelines, next time I'll keep this aspect in mind too.
Regards,
Azfar
  • #1,573
  • Jul 25, 2014 12:20pm Jul 25, 2014 12:20pm
Quoting Hickson
I have been fishing in unknown waters ... trying to get a clue out of this. Shame or fame? {image}
Hi Hickson
I generally don't trade the Cad.To me its always been sort of wild horse.Although looks pretty good to short I am not game.There is a huge distance up on weekly as far as correction.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,574
  • Jul 25, 2014 12:22pm Jul 25, 2014 12:22pm
Quoting Davit
{quote} Hi Hickson I generally don't trade the Cad.To me its always been sort of wild horse.Although looks pretty good to short I am not game.There is a huge distance up on weekly as far as correction. Regards
Yup, Ken is probably right ... I am trading too many pairs ^^
Fix up, trade sharp ...
  • #1,575
  • Jul 25, 2014 12:25pm Jul 25, 2014 12:25pm
Quoting azfarjaved
Dear All, Just entered Long in Euro.{image} Davit please pinpoint mistake, if any. Regards, Azfar
There is no mistake.You are in good spot but market could push lower although after significant selling I anticipate corrections to come.
Here is the basics of trading

1.Define your edge
2.Measure your edge success over series of trades say 20. If you hit 60and higher % then its fine.
3.No method or system is loss free.Its all about managing money.

Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,576
  • Jul 25, 2014 12:28pm Jul 25, 2014 12:28pm
Quoting HCGroup
Good job dear Davit, happy to see your result in your latest trades Sold USD/CHF @0.9037 will reload @ 0.9056 (it's better place to short it) Need Mr Euro's help
My shorts on U/CHF is under water now but I am ok to wait next week.I anticipate EU jump back to 3480-35 next week
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,577
  • Jul 25, 2014 12:34pm Jul 25, 2014 12:34pm
Guys AUD/NZD is dropping fast....
Broke the accumulation
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD.M5.png Size: 47 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,578
  • Jul 25, 2014 12:46pm Jul 25, 2014 12:46pm
Quoting Hickson
{quote} Yup, Ken is probably right ... I am trading too many pairs ^^
I trade on few with multiple entries.If I find good spot then build a position.
It has worked for me thus far up 60% account
In trading, you have to be defensive and aggressive at the same time
  • #1,579
  • Jul 26, 2014 9:15am Jul 26, 2014 9:15am
Just heads up on News
July 30th loaded with very high impact news
ADP None-Farm employment change and GDP both extreme impact news

I may exit my 2 shorts on U/CHF and stay clear from USD based pairs until it becomes clear.
Focusing more on none USD pairs like AUD/NZD
There is good chance advance GDP will be positive.Previous negative reading was coming off from terrible winter.

Advantage of waiting after news
Bargains! You can sell or buy once market reaches extremes.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 2 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,580
  • Jul 26, 2014 5:18pm Jul 26, 2014 5:18pm
GBP/JPY is worth a look for L judging by your criteria (seems we share a lot of the same methods)

I'm already positioned.
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