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Davit's BB Wave System

  • #21
  • Aug 3, 2014 7:49pm Aug 3, 2014 7:49pm
On the other hand UJ is clear Sell
Clear rejection of 103 PA in BB zone RSI and WR% hooking down from OB
I can exit with profit now but I think this has further bear legs
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.Daily.png Size: 53 KB
In trading, you have to be defensive and aggressive at the same time
  • #22
  • Edited Aug 4, 2014 8:00am Aug 3, 2014 7:57pm | Edited Aug 4, 2014 8:00am
Quoting Davit
{quote} Thanks Cube I am a visual person candle colors, wave with BB lays everything clear what to do or what not to do. Here is an analyses on EA Daily chart. 1 Price is neutral blue candles inside WAVE (no trades recommended) 2.RSI WR% above 50 sharp slope up meaning likelihood of PA going higher is good. 3.PA is not in extreme Dev zone That took me 2min to decide NO trades worth taking {image}
Your system add here some valid & reliable selection criterions.
Great stuff, Davit!
FXcube
  • #23
  • Aug 3, 2014 8:12pm Aug 3, 2014 8:12pm
E/CHF
Looking for long only
PA most likely reject 50level and bounce up but if it does go below 50 I'll just wait to get in at lower BB zone.
Based on my system PA holding and bouncing from 50 level is confirmation of trend strength
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF.Daily.png Size: 57 KB
In trading, you have to be defensive and aggressive at the same time
  • #24
  • Aug 3, 2014 8:23pm Aug 3, 2014 8:23pm
Hi Davit,

Thanks for sharing your system, looks very interesting. Can I ask do you mainly trade it from daily timeframe? but only if H1 and H4 are in sync? or are you only worried about them all being in sync if you are trading it off the lower timeframe? - i.e if you take a trade from H1 then you need the confirmation of higher TF.

Also how many pairs do you follow using it? seems like maybe a lot?

Cheers, Callum
  • #25
  • Aug 3, 2014 8:32pm Aug 3, 2014 8:32pm
Great stuff. Subscribed. I am also trading with BB and rsi .
  • #26
  • Aug 3, 2014 8:37pm Aug 3, 2014 8:37pm
Would you see this NU as a CT buy opportunity?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 77 KB
  • #27
  • Aug 3, 2014 8:39pm Aug 3, 2014 8:39pm
Quoting Callum
Hi Davit, Thanks for sharing your system, looks very interesting. Can I ask do you mainly trade it from daily timeframe? but only if H1 and H4 are in sync? or are you only worried about them all being in sync if you are trading it off the lower timeframe? - i.e if you take a trade from H1 then you need the confirmation of higher TF. Also how many pairs do you follow using it? seems like maybe a lot? Cheers, Callum
Generally moves start at lower TF but my decision to get in almost all time is based on Daily chart
I am swing trader hence daily provides best signal.
regards
In trading, you have to be defensive and aggressive at the same time
  • #28
  • Aug 3, 2014 8:41pm Aug 3, 2014 8:41pm
Quoting Callum
Would you see this NU as a CT buy opportunity? {image}
No I don't like the fundamentals on NZ
significant drop in prices of milk and logging 30% of NZ economy
I might consider it at 84-83 area
Having said this PA could prove me wrong but that's my discretion.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.Daily.png Size: 52 KB
In trading, you have to be defensive and aggressive at the same time
  • #29
  • Aug 4, 2014 3:00am Aug 4, 2014 3:00am
Quoting Davit
Hi Guys Decided to share how I trade.
Hi Davit

Have seen some of your calls and trades in the past and really like the way you go about trading the the bigger TF's

I have been looking for longer time frame system for while and will be following along here with great attention.

Wishing you all the best and continued success.

Rooi
We miss 100% of the shots we don't take
  • #30
  • Aug 4, 2014 7:14am Aug 4, 2014 7:14am
Quoting Davit
One of the aspects of this system I like is reading the trend correctly. When trend is healthy it respects 50 level on RSI and WR% and by seeing this one can confidently get in. Notice Wave angle, notice how price bounces off 34EMA I am using WR% how creator Larry Williams uses it. https://www.youtube.com/watch?v=zQro7MT0Cck Worth watching {image}
Very nice video explaining about the first pull back to level 50 on Williams % indi.
I advise those who are following this threads have a watch on this....
Patience, let the market come to you!
  • #31
  • Aug 4, 2014 9:34am Aug 4, 2014 9:34am
So would this hook on cable be enough to go long, or do you wait for more movement up by the rsi and williams?
Attached Image (click to enlarge)
Click to Enlarge Name: jkn6Euo.png Size: 90 KB
  • #32
  • Aug 4, 2014 12:13pm Aug 4, 2014 12:13pm
Quoting dashisiong
{quote} Very nice video explaining about the first pull back to level 50 on Williams % indi. I advise those who are following this threads have a watch on this....
Excellent post Dashisiong
In trading, you have to be defensive and aggressive at the same time
  • #33
  • Aug 4, 2014 12:14pm Aug 4, 2014 12:14pm
Quoting Rooi
{quote} Hi Davit Have seen some of your calls and trades in the past and really like the way you go about trading the the bigger TF's I have been looking for longer time frame system for while and will be following along here with great attention. Wishing you all the best and continued success. Rooi
thanks for good wishes and same to you.If you see something worth trading post your thoughts charts.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #34
  • Aug 4, 2014 12:19pm Aug 4, 2014 12:19pm
Quoting Jhlewis10
So would this hook on cable be enough to go long, or do you wait for more movement up by the rsi and williams? {image}
Here is my take on GU
Based on technicals on my system is good to go long.I am however reluctant to go long GU just yet.I believe it has more legs on bear side.
Prefer going long at 67 where previously support was very strong.
REgards

UPDATE on mY trades

UJ short all green +260pips and counting on 6 positions
AU long all green +30pips on 4 positions and growing
UC shorts -20pips but holding on
U/CHF shorts Break even but getting closer to +pips
In trading, you have to be defensive and aggressive at the same time
  • #35
  • Aug 4, 2014 12:44pm Aug 4, 2014 12:44pm
Placed limit longs on E/CHF at 2150 2x
Notice tight range on this pair 13pips last 20days
You are guaranteed to trade without SL on this
Notice trend respected 50 level
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF.Daily.png Size: 46 KB
In trading, you have to be defensive and aggressive at the same time
  • #36
  • Aug 4, 2014 1:00pm Aug 4, 2014 1:00pm
Dear,

Subscribed here too.

Azfar
  • #37
  • Aug 4, 2014 7:04pm Aug 4, 2014 7:04pm
Curious...why does the alert with no message keeps going off?
  • #38
  • Aug 4, 2014 11:51pm Aug 4, 2014 11:51pm
Quoting ranger_lp
Curious...why does the alert with no message keeps going off?
What alert?
In trading, you have to be defensive and aggressive at the same time
  • #39
  • Edited 5:36am Aug 5, 2014 4:39am | Edited 5:36am
Quoting Davit
{quote}If you see something worth trading post your thoughts charts. Regards
Hi Davit

I will be Demo trading this at least till the end of the year.Might never trade it live.Who knows.But this is definitely a very nice visual system.

I have taken 2 trades(please let me know if they fit in or I dont mind removing it)

EURAUD as a continuation of the daily down trend and touching the EMA and w% pull back

GBPUSD a counter trend trade on the Daily as it in the BB and might be showing what looks like the beginning of a new 1hr up trend

How many pairs do you monitor.

PS -I will trade 5 X 0.02 lots and will add as we go along.Really like the way you do it.As the trade progresses we gain more confidence in it.

All the best

Rooi
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EA daily.png Size: 126 KB
Click to Enlarge Name: GU H1.png Size: 125 KB
We miss 100% of the shots we don't take
  • #40
  • Aug 5, 2014 6:06am Aug 5, 2014 6:06am
Quoting Davit
{quote} What alert?
2014.08.05 06:44:04.823 ftc_EALib EURUSD,H1: Alert: \n\n
2014.08.05 06:44:04.823 ftc_registry EURUSD,H1: SetKeyValue failed with Code: 6
2014.08.05 06:44:04.823 ftc_registry EURUSD,H1: 6770895
2014.08.05 06:44:04.823 ftc_registry EURUSD,H1: CreateNewKey Failed with Code: 5
2014.08.05 06:44:04.822 ftc_EALib EURUSD,H1: New Popup Time: 2014.08.05 10:44:04
2014.08.05 06:44:04.106 ftc_EALib EURUSD,H1: Alert: \n\n

It's from the ADR_V2 indicator.....
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