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Davit's BB Wave System

  • #101
  • Edited 2:38am Aug 8, 2014 12:58am | Edited 2:38am
Quoting Davit
{quote}Guys please post any trade that was profitable or not.Its important that this is functional.

Hi Davit and All

Here is what I have for now.

I am demo trading it on a 3k account and feeling my way through it.

You will see I had a Silver and Gold trade that I closed as I decided I the account will be too small to handle metals as well.

I have made back some of the losses but red elsewhere.

Just working on this for next couple of months.Will try to double the account.

I try not to copy Davits trades too much as it defeats the purpose.

Will try to update where I am P/L wise everyday

GL for today to Davit and All

Rooi
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We miss 100% of the shots we don't take
  • #102
  • Aug 8, 2014 1:43am Aug 8, 2014 1:43am
Dear Davit,

I am using same image to explain my problem written inside image i.e,
Attached Image (click to enlarge)
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Please help out as ever.

Regards,
Azfar
  • #103
  • Aug 8, 2014 2:00am Aug 8, 2014 2:00am
Closed all my U/CHF shorts
3red
3green net +34pips
In trading, you have to be defensive and aggressive at the same time
  • #104
  • Edited 2:21am Aug 8, 2014 2:09am | Edited 2:21am
Quoting azfarjaved
Dear Davit, I am using same image to explain my problem written inside image i.e, {image} Please help out as ever. Regards, Azfar
Azfar
Number 1 thing to remember I always stress of trading small.Reason for that is room for error meaning since market is fluid entity it does not necessarily do what you want it to do hence giving slack helps.
You must understand what risk is
Its a probability game.Everytime you take counter trade you are in fact going against the main trend hence increasing risk factor.
My system comprise of going with trend as well.
As I already mentioned on BB CT trade on 1st page BB can expend further like we have seen on Euro hence BB CT trades are not best when PA is in strong trend.For that I strongly suggest going with the trend.
As far as AJ I am long and comfortable with some drawdown.In fact I am used to having DD all the time.Its part of how I trade.What I can't tell and nobody can either exactly when price is going to go up.Can't say it but I am confident that in 50 trades I can hit 70+% winning rate.
I must also add that counter trading is advance trading requires some mental toughness and plain experiance in price action.
Going with the trend is best when new to trading.Having said this AJ is still in uptrend.

On my 1st page I have books recommended to read.Please read about harmonics and Elliot Wave.
Knowledge of these will give you confidence
I am almost certain in 1week you will be all in green on this pair.Getting positive swap helps to wait without stressing.
My method is based on swings and swings can last days to weeks.
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In trading, you have to be defensive and aggressive at the same time
  • #105
  • Aug 8, 2014 2:32am Aug 8, 2014 2:32am
Quoting Davit
{quote} Azfar Number 1 thing to remember I always stress of trading small.Reason for that is room for error meaning since market is fluid entity it does not necessarily do what you want it to do hence giving slack helps. You must understand what risk is Its a probability game.Everytime you take counter trade you are in fact going against the main trend hence increasing risk factor. My system comprise of going with trend as well. As I already mentioned on BB CT trade on 1st page BB can expend further like we have seen on Euro hence BB CT trades are...
Thanks buddy for details and clearing concepts........ It will definitely help me out.
  • #106
  • Aug 8, 2014 2:33am Aug 8, 2014 2:33am
Guys let me be frank.I had no reasons to share what I do.Most successful traders don't share.I am sharing because I like FF
Trading is complex because you are dealing not the market but your own self
Its all about psychology.
I have exact trades as Azfar and yet I don't even flitch and based on Azfar's tone he seems already in panic.Got to work on yourself.
Got to have the right mindset and attitude.Invest in self education.I provided great books to read. "Trading in the Zone" is a must read if you are serious about trading.
I read practically every night about trading.Constantly trying to improve.That's what it takes.If you think you can find a mechanical system and trade to millions without self improvement you are delusional.Please work on yourselves
In trading, you have to be defensive and aggressive at the same time
  • #107
  • Aug 8, 2014 2:40am Aug 8, 2014 2:40am
Hi Davit and All , I think AJ still down brcause RSI & %R still downward to OS Zone . I think we will wait for RSI turn around first.
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  • #108
  • Aug 8, 2014 2:41am Aug 8, 2014 2:41am
Quoting azfarjaved
{quote} Thanks buddy for details and clearing concepts........ It will definitely help me out.
Look friend nobody can be 100% correct.Any system will have losers.You must measure success not based on 10 trades 20 trades but hundreds
I measure my success in quarterly just like business
I had 6 awesome green months this year 1 red month July.
In 8 days I got all my losses back from July plus lot more profit for August.When I lost entire July I never doubted my ability.Sometimes market just does not work in your way.
Accepting loss as cost of doing business is normal.
In trading, you have to be defensive and aggressive at the same time
  • #109
  • Aug 8, 2014 2:42am Aug 8, 2014 2:42am
Quoting pattanawich
Hi Davit and All , I think AJ still down brcause RSI & %R still downward to OS Zone . I think we will wait for RSI turn around first. {image}
love posts like this!!
In trading, you have to be defensive and aggressive at the same time
  • #110
  • Aug 8, 2014 2:56am Aug 8, 2014 2:56am
AU long
2x 9250
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In trading, you have to be defensive and aggressive at the same time
  • #111
  • Aug 8, 2014 3:33am Aug 8, 2014 3:33am
Added limit longs at
2x AU 9230
2x AU 92 even

looking for 100+pips north
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In trading, you have to be defensive and aggressive at the same time
  • #112
  • Aug 8, 2014 4:15am Aug 8, 2014 4:15am
Are you agree guys?
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  • #113
  • Aug 8, 2014 7:05am Aug 8, 2014 7:05am
Quoting TheiDevastat
Are you agree guys? {image}
move your SL to break even then see how far it will go.Good job
In trading, you have to be defensive and aggressive at the same time
  • #114
  • Aug 8, 2014 7:10am Aug 8, 2014 7:10am
Closed AJ longs at 94.59
4 positions +76pips
In trading, you have to be defensive and aggressive at the same time
  • #115
  • Aug 8, 2014 7:15am Aug 8, 2014 7:15am
Closed all AU trades at 9278 4positions
+84pips

+160pips on AUD pairs in 10hrs
In trading, you have to be defensive and aggressive at the same time
  • #116
  • Aug 8, 2014 7:23am Aug 8, 2014 7:23am
Quoting Davit
Closed all AU trades at 9278 4positions +84pips +160pips on AUD pairs in 10hrs
Nicely done sir
We miss 100% of the shots we don't take
  • #117
  • Aug 8, 2014 7:27am Aug 8, 2014 7:27am
Quoting Rooi
{quote} Nicely done sir
Thanks friend
I know I got out fairy quick but this being Friday I can see everyone dumping down.
+160 pips is more then decent in less then a day interesting that PA is keep moving down after my exits.
regards
In trading, you have to be defensive and aggressive at the same time
  • #118
  • Aug 8, 2014 7:30am Aug 8, 2014 7:30am
I have closed out most of everything I opened this week except for GBPUSD which was taken on a smaller TF and when I re-read your firts post and saw some more examples I knew its not completely how you go about trading this system.Dont think it will happen again.

I made a 350 pip loss on gold and silver and have 67 pips currently in the bank in the blue

That leaves me with 410pips up from the low of the account with a 170 pip open DD going into the weekend,so far.
Not bailing on GU yet,ill be monitoring it till later but dont except much.Like I said its not text book BBwave trade but lets see if I can ride it out


@Davit- Hope you dont mind me sharing results

Have a good weekend all

Rooi
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We miss 100% of the shots we don't take
  • #119
  • Aug 8, 2014 7:37am Aug 8, 2014 7:37am
Quoting Davit
{quote} Thanks friend I know I got out fairy quick but this being Friday I can see everyone dumping down. +160 pips is more then decent in less then a day interesting that PA is keep moving down after my exits. regards

I did the same.Will look next week.Start a fresh.

Makes for a peaceful weekend I suppose
We miss 100% of the shots we don't take
  • #120
  • Aug 8, 2014 7:46am Aug 8, 2014 7:46am
Quoting Rooi
I have closed out most of everything I opened this week except for GBPUSD which was taken on a smaller TF and when I re-read your firts post and saw some more examples I knew its not completely how you go about trading this system.Dont think it will happen again. I made a 350 pip loss on gold and silver and have 67 pips currently in the bank in the blue That leaves me with 410pips up from the low of the account with a 170 pip open DD going into the weekend,so far. Not bailing on GU yet,ill be monitoring it till later but dont except much.Like I...
Please do share results.
Keep in mind selecting pairs is important.I don't trade Gold and silver.

My results so far are amazing in 8days in August
losses are ridiculously minor
notice DD .55% !!
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In trading, you have to be defensive and aggressive at the same time
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