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Davit's Confluence Trading

  • #1,621
  • Jul 30, 2014 10:03am Jul 30, 2014 10:03am
Quoting Davit
added 2 more shorts on UJ at 85 2x10263 2x10285 4ordeers total
Hi Davit, are you not afraid of the USD strength? You sold a lot of USD pairs before the risk event. I have to admit that it is tempting, but it looks very dangerous to me.
Fix up, trade sharp ...
  • #1,622
  • Jul 30, 2014 10:03am Jul 30, 2014 10:03am
Biggest surprise was 4% GDP growth from -2.9 last Q
Makes you wonder who cooks those numbers Just total BS
IMF forecast is 1.7% growth for 2014 which is closer to the Truth
In trading, you have to be defensive and aggressive at the same time
  • #1,623
  • Jul 30, 2014 10:07am Jul 30, 2014 10:07am
Quoting Hickson
{quote} Hi Davit, are you not afraid of the USD strength? You sold a lot of USD pairs before the risk event. I have to admit that it is tempting, but it looks very dangerous to me.
I must take every signal my system generates (that fits overall harmonics etc)
Results are counted over series of trades say 50
I am sure out of 50 I'll hit 70% range.There will be losses no question about it.
In trading, you have to be defensive and aggressive at the same time
  • #1,624
  • Jul 30, 2014 10:12am Jul 30, 2014 10:12am
Quoting Davit
{quote} I must take every signal my system generates (that fits overall harmonics etc) Results are counted over series of trades say 50 I am sure out of 50 I'll hit 70% range.There will be losses no question about it.
Hm, of course every system will have losses too. I just thought you wanted to switch trading into trend direction. USD/CHF broke the range to the upside for example, so how does a short fit into your new system? I have not understood this by now, maybe I am missing something here.
Fix up, trade sharp ...
  • #1,625
  • Jul 30, 2014 10:13am Jul 30, 2014 10:13am
added 2 more shorts on UC at 9005
2x9005
2x 895
total 4
In trading, you have to be defensive and aggressive at the same time
  • #1,626
  • Jul 30, 2014 10:15am Jul 30, 2014 10:15am
Quoting Hickson
{quote} Hm, of course every system will have losses too. I just thought you wanted to switch trading into trend direction. USD/CHF broke the range to the upside for example, so how does a short fit into your new system? I have not understood this by now, maybe I am missing something here.
U/CHF did not work out.I do like to follow trend however I thought Euro was oversold.Looking to get out of U/CHF with minimum damage
In trading, you have to be defensive and aggressive at the same time
  • #1,627
  • Jul 30, 2014 10:17am Jul 30, 2014 10:17am
Limit shorts on GC about to get hit another 25 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD.Daily.png Size: 61 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,628
  • Jul 30, 2014 10:18am Jul 30, 2014 10:18am
Quoting Davit
{quote} U/CHF did not work out.I do like to follow trend however I thought Euro was oversold.Looking to get out of U/CHF with minimum damage
Ok, that is understandable. As I posted in earlier charts here, I was short on USD/CHF as well but was lucky to get out before the storm. I am just very suspicious about the current market situation. Definitely no normal moves, some greedy bastards are squeezing ...
Fix up, trade sharp ...
  • #1,629
  • Jul 30, 2014 10:41am Jul 30, 2014 10:41am
Quoting samansadeghi
eurjpy {image}
eurjpy update
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 58 KB
THERE IS NO SYSTEM
  • #1,630
  • Jul 30, 2014 11:34am Jul 30, 2014 11:34am
Stopped out on UJ shorts, and on my AUD & EUR longs.

All of which are massively overbought/oversold. Something isnt adding up- and yeah that 4% is total BS.
  • #1,631
  • Jul 30, 2014 12:14pm Jul 30, 2014 12:14pm
Quoting Pharm0r
Stopped out on UJ shorts, and on my AUD & EUR longs. All of which are massively overbought/oversold. Something isnt adding up- and yeah that 4% is total BS.
we might get a massive USD sell off after 2pm
Still holding UJ shorts
In trading, you have to be defensive and aggressive at the same time
  • #1,632
  • Jul 30, 2014 12:18pm Jul 30, 2014 12:18pm
Quoting Davit
{quote} we might get a massive USD sell off after 2pm Still holding UJ shorts
I reloaded @ 1.3 - because I'm expecting the same.

Seriously...the market CANT be that stupid. I've only been doing this 2 years and I know the numbers are obviously cooked.
  • #1,633
  • Jul 30, 2014 12:21pm Jul 30, 2014 12:21pm
LOL... The market may be stupid, but it's always right.
Ghost Rider - WWTBMD?
  • #1,634
  • Jul 30, 2014 12:22pm Jul 30, 2014 12:22pm
Quoting albchr
LOL... The market may be stupid, but it's always right.
haha! Very well said.
  • #1,635
  • Jul 30, 2014 1:27pm Jul 30, 2014 1:27pm
as expected sell off began
In trading, you have to be defensive and aggressive at the same time
  • #1,636
  • Jul 30, 2014 1:30pm Jul 30, 2014 1:30pm
Quoting Davit
as expected sell off began
Congrats on braveness!
Fix up, trade sharp ...
  • #1,637
  • Jul 30, 2014 1:37pm Jul 30, 2014 1:37pm
Quoting Hickson
{quote} Congrats on braveness!
Thanks bro
I got great numbers on UJ and UC and lousy numbers on U/CHF
Should balance out on winning side
In trading, you have to be defensive and aggressive at the same time
  • #1,638
  • Jul 30, 2014 1:39pm Jul 30, 2014 1:39pm
Quoting Pharm0r
{quote} I reloaded @ 1.3 - because I'm expecting the same. Seriously...the market CANT be that stupid. I've only been doing this 2 years and I know the numbers are obviously cooked.
You are 20+pips in profit-after Stopped out should leave you +pips
but you could and should wait for lot more on Bear side
In trading, you have to be defensive and aggressive at the same time
  • #1,639
  • Jul 30, 2014 1:45pm Jul 30, 2014 1:45pm
Quoting Davit
as expected sell off began
Lets hope so. Because when my UJ short, and my GU short, start falling together? My Dragon short is gonna ROCK!!
Ghost Rider - WWTBMD?
  • #1,640
  • Jul 30, 2014 1:57pm Jul 30, 2014 1:57pm
Quoting albchr
{quote} Lets hope so. Because when my UJ short, and my GU short, start falling together? My Dragon short is gonna ROCK!!
You got live GC short? I have pending shorts at 8470
In trading, you have to be defensive and aggressive at the same time
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