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Davit's Confluence Trading

  • #1,681
  • Aug 4, 2014 12:55pm Aug 4, 2014 12:55pm
Quoting Davit
{quote} Nice Is it on UJ? or all trades combined
UJ

Also in NZDUSD for around +111

Calling this set of trades the "USD atom bomb"
  • #1,682
  • Aug 4, 2014 12:59pm Aug 4, 2014 12:59pm
Quoting Davit
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
Dear,
Applaudable and I appreciate your holding power. I am trying to come over my weakness of quick position closing, running in profits.
I learnt a lot from you and still learning heavily. My gratitude to you friend.
Regards,
Azfar
  • #1,683
  • Aug 4, 2014 1:08pm Aug 4, 2014 1:08pm
Quoting azfarjaved
{quote} Dear, Applaudable and I appreciate your holding power. I am trying to come over my weakness of quick position closing, running in profits. I learnt a lot from you and still learning heavily. My gratitude to you friend. Regards, Azfar
Hi Azfar
One way to feel comfortable in holding positions is reduce lot size.When people place bigger lots they are always trading scared and tend to exit at smallest profit.This is typical psychological hurdle effecting every trader.It takes mental effort to overcome.When you reduce lots you also can relax major news events like recent NFP
I held everything open without SL during NFP.Not suggesting you trade without any SL but that's what I do.
REgards
In trading, you have to be defensive and aggressive at the same time
  • #1,684
  • Aug 4, 2014 1:14pm Aug 4, 2014 1:14pm
Quoting Pharm0r
{quote} UJ Also in NZDUSD for around +111 Calling this set of trades the "USD atom bomb"
Excellent!http://www.triciaspencer.net/publish...Eelement55.jpg
In trading, you have to be defensive and aggressive at the same time
  • #1,685
  • Aug 4, 2014 5:57pm Aug 4, 2014 5:57pm
Quoting Davit
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
=======
well Done indeed
  • #1,686
  • Aug 4, 2014 11:32pm Aug 4, 2014 11:32pm
Quoting pips777
{quote} ======= well Done indeed
Thanks Pips
Plenty of time left on August to turn this positions in nice profits
Green pips
In trading, you have to be defensive and aggressive at the same time
  • #1,687
  • Aug 5, 2014 6:16am Aug 5, 2014 6:16am
hi Davit , this ist Nice 2 go L no ? = http://screencast.com/t/0M6Rc1KQ
  • #1,688
  • Aug 5, 2014 6:18am Aug 5, 2014 6:18am
Quoting pips777
hi Davit , this ist Nice 2 go L no ? = http://screencast.com/t/0M6Rc1KQ
I have 4 positions long on same number area
There is red news at 10am
If negative we can see nice bounce if positive 93 or 9280
To me its not important because of positive swap I can wait it out.
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #1,689
  • Aug 5, 2014 6:21am Aug 5, 2014 6:21am
made alreadeee a few $$$ on this = http://screencast.com/t/xMyPGFu2z52
  • #1,690
  • Aug 5, 2014 6:22am Aug 5, 2014 6:22am
Quoting Davit
{quote} I have 4 positions long on same number area There is red news at 10am If negative we can see nice bounce if positive 93 or 9280 To me its not important because of positive swap I can wait it out. {image}
=======
  • #1,691
  • Aug 5, 2014 6:43am Aug 5, 2014 6:43am
Quoting pips777
made alreadeee a few $$$ on this = http://screencast.com/t/xMyPGFu2z52
=======
time 2 bank profits no ? im Not sooo greedy anyways
  • #1,692
  • Aug 5, 2014 6:50am Aug 5, 2014 6:50am
is this chart correct ? = http://screencast.com/t/yqVbpWl3
  • #1,693
  • Aug 5, 2014 7:07am Aug 5, 2014 7:07am
Quoting pips777
is this chart correct ? = http://screencast.com/t/yqVbpWl3
yes
On previous post I don't trade that pair and have no comprehension of pair's fundamentals.
cheers
In trading, you have to be defensive and aggressive at the same time
  • #1,694
  • Aug 5, 2014 7:08am Aug 5, 2014 7:08am
g/cad ready 2 short no ? forgive me with all these Q's
  • #1,695
  • Aug 5, 2014 7:13am Aug 5, 2014 7:13am
Quoting pips777
g/cad ready 2 short no ? forgive me with all these Q's
That's ok.
Have limit shorts at 85
on GC
Remember this pair has 80ADR last 20days.So your entry is important
In trading, you have to be defensive and aggressive at the same time
  • #1,696
  • Aug 5, 2014 7:15am Aug 5, 2014 7:15am
Quoting Davit
{quote} That's ok. Have limit shorts at 85 on GC Remember this pair has 80ADR last 20days.So your entry is important
=======
k thanks m8 --- will B also good on swap
  • #1,697
  • Aug 5, 2014 7:27am Aug 5, 2014 7:27am
Davit when u hav da time of course , could u Xplain this Better with charts if possible , TIA 4 ur response ! = 2.Price must not be inside 2nd-3rd deviations of BB for long or short/These are exhaustion points levels
  • #1,698
  • Aug 5, 2014 8:50am Aug 5, 2014 8:50am
Quoting pips777
Davit when u hav da time of course , could u Xplain this Better with charts if possible , TIA 4 ur response ! = 2.Price must not be inside 2nd-3rd deviations of BB for long or short/These are exhaustion points levels
Hi Pips
My wording was little confusing
When price is inside BB zone you don't want to place orders going with same direction since you are either buying or selling the top meaning most of the move has already taken place instead look for counter trade.This is very opposite of when "all boxes are red go short or Green go long" Markets don't operate like that. Elliot Wave and Harmonics beautifully illustrate that price is result of greed and fear and each part has exhaustion points and this is why price never goes straight up or down.
Majority of times this is true but they are exceptions when fundamentals break down such as EU at 39 when Draghi effectively told the market to sell.Or interest rate related news but general principle is the same.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.Daily.png Size: 55 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,699
  • Aug 5, 2014 8:58am Aug 5, 2014 8:58am
UJ still in red zone of RSI.

If we spike up, I'll be selling the top around 103.27
  • #1,700
  • Aug 5, 2014 9:20am Aug 5, 2014 9:20am
Quoting Davit
{quote} Hi Pips My wording was little confusing When price is inside BB zone you don't want to place orders going with same direction since you are either buying or selling the top meaning most of the move has already taken place instead look for counter trade.This is very opposite of when "all boxes are red go short or Green go long" Markets don't operate like that. Elliot Wave and Harmonics beautifully illustrate that price is result of greed and fear and each part has exhaustion points and this is why price never goes straight up or down. Majority...
=======
thx , i'll stick with ur syst from Now on
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