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Davit's Confluence Trading

  • #1,641
  • Jul 30, 2014 12:04pm Jul 30, 2014 12:04pm
Quoting Davit
{quote} You got live GC short? I have pending shorts at 8470
No I have no GC shorts at this time. It's not ready yet. I'll be looking around the 8500 area like you. Just UJ, GU and GJ as of now. Just closed a GN short for +65
Ghost Rider - WWTBMD?
  • #1,642
  • Jul 30, 2014 12:09pm Jul 30, 2014 12:09pm
Quoting Davit
{quote} 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
Yup, I've made up for the stop out already- but I'm more looking to make up for my goof with EUR long earlier. I trade daily/weekly anyway.

I've been fortunate with JPY this week. Bought at the bottom, got out about 3/4 of the way (didnt see this spike coming today), and I'm selling at what appears to be the top. I'd guess this time next week dollar will be a lot weaker.
  • #1,643
  • Jul 30, 2014 12:12pm Jul 30, 2014 12:12pm
Quoting albchr
{quote} No I have no GC shorts at this time. It's not ready yet. I'll be looking around the 8500 area like you. Just UJ, GU and GJ as of now. Just closed a GN short for +65
Nice score on GN
In trading, you have to be defensive and aggressive at the same time
  • #1,644
  • Jul 30, 2014 12:16pm Jul 30, 2014 12:16pm
Quoting Davit
{quote} Nice score on GN
Blind squirrel ... nuts ... you know it goes. ... lol ... Thanks buddy
Ghost Rider - WWTBMD?
  • #1,645
  • Jul 30, 2014 4:13pm Jul 30, 2014 4:13pm
Buying for a change
Long on Aussie
2x9323
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD.Daily.png Size: 56 KB
Click to Enlarge Name: AUDUSD.H4.png Size: 38 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,646
  • Jul 31, 2014 7:31am Jul 31, 2014 7:31am
added 2 more shorts on UC at 1089
total 6
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.Daily.png Size: 50 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,647
  • Jul 31, 2014 7:53am Jul 31, 2014 7:53am
Quoting Davit
added 2 more shorts on UC at 1089 total 6 {image}
=======
whats ur TP1 m8 ?
  • #1,648
  • Jul 31, 2014 7:58am Jul 31, 2014 7:58am
http://screencast.com/t/k0XVg44o = good 2 go L on this?
  • #1,649
  • Jul 31, 2014 8:18am Jul 31, 2014 8:18am
Quoting pips777
http://screencast.com/t/k0XVg44o = good 2 go L on this?
Looks good for long and at support at left RSI WR% coming up from OS hooking up
In trading, you have to be defensive and aggressive at the same time
  • #1,650
  • Jul 31, 2014 8:19am Jul 31, 2014 8:19am
Quoting pips777
{quote} ======= whats ur TP1 m8 ?
Usually go 80-100pips
I am basically swing trader.Average swing around there.
In trading, you have to be defensive and aggressive at the same time
  • #1,651
  • Jul 31, 2014 8:21am Jul 31, 2014 8:21am
Quoting Davit
{quote} Looks good for long and at support at left RSI WR% coming up from OS hooking up
=======
thanks a bunch m8
  • #1,652
  • Jul 31, 2014 8:24am Jul 31, 2014 8:24am
Quoting Davit
{quote} Usually go 80-100pips I am basically swing trader.Average swing around there.
=======
  • #1,653
  • Jul 31, 2014 8:27am Jul 31, 2014 8:27am
Quoting pips777
{quote} ======= thx , how 2 calc TP ?
Here is a good tip
Price in general likes to come back to median zone 20-34EMA BB middle line.When shorting good place to exit is there however often price swings to other side of BB so one can take partial profit and wait and see if PA goes further on opposite 2nd 3rd deviation.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.Daily.png Size: 52 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,654
  • Jul 31, 2014 8:39am Jul 31, 2014 8:39am
Quoting Davit
{quote} Here is a good tip Price in general likes to come back to median zone 20-34EMA BB middle line.When shorting good place to exit is there however often price swings to other side of BB so one can take partial profit and wait and see if PA goes further on opposite 2nd 3rd deviation. {image}
=======
thanks 4 sharin , ist ur syst also Good 4 metals ?
  • #1,655
  • Jul 31, 2014 8:49am Jul 31, 2014 8:49am
Quoting pips777
{quote} ======= thanks 4 sharin , ist ur syst also Good 4 metals ?
Principles should be applicable in same manner on all instruments but not having experience with metals I can't conclusively say no or yes.I suggest you overlay the template over Gold,silver and see how the behavior match.Gold has huge swings and its important to understand underlining dynamics of instrument traded fundamentals etc.
My routine always start with news and its relevancy
In trading, you have to be defensive and aggressive at the same time
  • #1,656
  • Jul 31, 2014 8:54am Jul 31, 2014 8:54am
Quoting Davit
{quote} Principles should be applicable in same manner on all instruments but not having experience with metals I can't conclusively say no or yes.I suggest you overlay the template over Gold,silver and see how the behavior match.Gold has huge swings and its important to understand underlining dynamics of instrument traded fundamentals etc. My routine always start with news and its relevancy
=======
k thanks again 4 ur response 4sure
  • #1,657
  • Jul 31, 2014 9:52am Jul 31, 2014 9:52am
Figured I'd give you guys a snippet of what I'm looking at. Everything can be viewed on my trade explorer as well. Small account I've been using the past year to play around with ideas. Had a hickup in the beginning, been profitable the last 5 months using swing trading and no indicators. Not trying to hijack your thread Davit, I appreciate your insight, and like I said before...seems we share a lot of the same ideas.

My game plan: After first TP I'll move to break even. You'll notice about 80% of the time it hits the yellow line price will go back down to the support at 101.265. That's TP #3 (which is also a yellow line)
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-d1-oanda-division1.png Size: 46 KB
  • #1,658
  • Jul 31, 2014 10:16am Jul 31, 2014 10:16am
Quoting Pharm0r
Figured I'd give you guys a snippet of what I'm looking at. Everything can be viewed on my trade explorer as well. Small account I've been using the past year to play around with ideas. Had a hickup in the beginning, been profitable the last 5 months using swing trading and no indicators. Not trying to hijack your thread Davit, I appreciate your insight, and like I said before...seems we share a lot of the same ideas. My game plan: After first TP I'll move to break even. You'll notice about 80% of the time it hits the yellow line price will go back...
Feel free to post anytime you like.We have same positions on UJ
I also love RSI 8 but love BB even more.Most underrated indicator
On indicators there is nothing wrong with them as long as one understands what they are calculating.Putting 3 trend following indicators like Gator indicators means little when one can see the trend in clear view.Being redundant does not pay.lot of new traders don't understand that trend following indies are mostly all based on MA's hence putting 3 MA based indicators telling the same thing is over kill.Anyway as we all know trading is lot more complex.
regards
In trading, you have to be defensive and aggressive at the same time
  • #1,659
  • Jul 31, 2014 10:42am Jul 31, 2014 10:42am
Quoting Davit
{quote} Feel free to post anytime you like.We have same positions on UJ I also love RSI 8 but love BB even more.Most underrated indicator On indicators there is nothing wrong with them as long as one understands what they are calculating.Putting 3 trend following indicators like Gator indicators means little when one can see the trend in clear view.Being redundant does not pay.lot of new traders don't understand that trend following indies are mostly all based on MA's hence putting 3 MA based indicators telling the same thing is over kill.Anyway...
I used to enjoy bbands- but my trading is 90% off of major swings (yellow lines) with RSI agreeing- so bband add a bit too much on screen for my purposes. I do this across 6 pairs, except I have a horrible track record with euro using this method, so I'm probably deleting it.

Also, notice since beginning of July GBPJPY has been in almost perfect correlation with USDJPY....with about a day or two lag behind. The same positions you are taking with USDJPY can be taken with GBPJPY at higher profit. That being said, I still think GBPJPY has some catching up to do to be back in line with USDJPY. If it does- I'll be shorting it at 175.20
  • #1,660
  • Jul 31, 2014 4:22pm Jul 31, 2014 4:22pm
did u put your stop with adr?
Everyday better.
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