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Davit's BB Wave System

  • #141
  • Aug 8, 2014 1:59pm Aug 8, 2014 1:59pm
Quoting davit
{quote} books are on my 1st page! You can use google yourself. Warning to you i have no time to spoon feed you.you will get banned from this thread if you ask questions that are pointless.
thanks i will be careful in future.
  • #142
  • Aug 8, 2014 2:21pm Aug 8, 2014 2:21pm
Cancelled all AUD/JPY limit orders
Don't want surprises over weekend.
In trading, you have to be defensive and aggressive at the same time
  • #143
  • Aug 8, 2014 3:13pm Aug 8, 2014 3:13pm
Quoting Davit
Watching EJ for possible rejection of 50 level and follow the down trend Notice how beautifully trend gets resumed at middle WAVE (blue candles) This is fking great system guys I should charge you {image}
Hello Davit,

thank you for sharing your system and experience.
Concerning EJ, my chart looks different from yours though I use your template.
I have the W&RSI hooking from oversold area but not reaching 50 level yet, with nice divergence. The current candle is a bullish pinbar, and is 75pips from middle wave...So for me it's a good reversal pattern that fulfills your countertrend criteria.
I took 2 longs, one at 136.42, and another at 136.67. I think I'm gonna keep the position as I see 100pips room upside. I would appreciate your comment.

Kyurem
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  • #144
  • Aug 8, 2014 3:20pm Aug 8, 2014 3:20pm
Quoting kyurem
{quote} Hello Davit, thank you for sharing your system and experience. Concerning EJ, my chart looks different from yours though I use your template. I have the W&RSI hooking from oversold area but not reaching 50 level yet, with nice divergence. The current candle is a bullish pinbar, and is 75pips from middle wave...So for me it's a good reversal pattern that fulfills your countertrend criteria. I took 2 longs, one at 136.42, and another at 136.67. I think I'm gonna keep the position as I see 100pips room upside. I would appreciate your comment....
Hi Kyurem
Slight difference in chart is result of different brokers feeds but difference is negligible
Notice how beautifully price rejected from middle WAVE? That's where I am looking to get in should price get there however it can go south earlier hence why 50 RSI WR% is important. This is actually trading with the trend not CT.We are getting back to downtrend on pull back.Most logical way to get in.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #145
  • Aug 8, 2014 3:37pm Aug 8, 2014 3:37pm
Quoting Davit
{quote} Hi Kyurem Slight difference in chart is result of different brokers feeds but difference is negligible Notice how beautifully price rejected from middle WAVE? That's where I am looking to get in should price get there however it can go south earlier hence why 50 RSI WR% is important. This is actually trading with the trend not CT.We are getting back to downtrend on pull back.Most logical way to get in. Regards
I have applied your CT rule : price action in 2nd-3rd dev + WR% / RSI hooking from -20/30.

Do you mean that in such conditions ( clear downtrend and past rejections at middle waves), you would not consider CT, even if your CT rules are met?

rgds,

Kyurem
  • #146
  • Aug 8, 2014 3:41pm Aug 8, 2014 3:41pm
Quoting kyurem
{quote} I have applied your CT rule : price action in 2nd-3rd dev + WR% / RSI hooking from -20/30. Do you mean that in such conditions ( clear downtrend and past rejections at middle waves), you would not consider CT, even if your CT rules are met? rgds, Kyurem
I think your confusion is you think overall trend is up and bear side is CT whereas I think trend is already Bear and shorting is following current trend.
In trading, you have to be defensive and aggressive at the same time
  • #147
  • Aug 8, 2014 3:57pm Aug 8, 2014 3:57pm
Quoting Davit
{quote} I think your confusion is you think overall trend is up and bear side is CT whereas I think trend is already Bear and shorting is following current trend.
I post another chart with some comments to make it clearer. I think you didn't catch my point.

My analysis is : overall trend is down, I took CT LONG on the pinbar.

rgds,

kyurem
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  • #148
  • Aug 8, 2014 4:32pm Aug 8, 2014 4:32pm
Quoting kyurem
{quote} I post another chart with some comments to make it clearer. I think you didn't catch my point. My analysis is : overall trend is down, I took CT LONG on the pinbar. rgds, kyurem {image}
You are 100% correct. Watch 50level and the Wave to see if there is more bull in current drive otherwise you could take profit and head south and make $$ both ways.
Congrats for taking the trade.I had too much going on and missed it.Thanks for posting results.I like seeing others make money
In trading, you have to be defensive and aggressive at the same time
  • #149
  • Aug 8, 2014 4:38pm Aug 8, 2014 4:38pm
1st week of August and results
+1174 pips gain
In trading, you have to be defensive and aggressive at the same time
  • #150
  • Aug 8, 2014 4:43pm Aug 8, 2014 4:43pm
Quoting Davit
1st week of August and results +1174 pips gain
Very Nice Davit.

Just curious, what is that in % gain? Only if you feel comfortable answering of course.
Ghost Rider - WWTBMD?
  • #151
  • Aug 8, 2014 4:48pm Aug 8, 2014 4:48pm
Quoting albchr
{quote} Very Nice Davit. Just curious, what is that in % gain? Only if you feel comfortable answering of course.
Thanks Chris you did well as well.Congrats
7.94% of equity
In trading, you have to be defensive and aggressive at the same time
  • #152
  • Aug 8, 2014 4:55pm Aug 8, 2014 4:55pm
Hi Davit, I will begin to try your system monday, regards
YOUR MOTHERS ASS
  • #153
  • Aug 8, 2014 5:14pm Aug 8, 2014 5:14pm
Quoting Davit
{quote} Thanks Chris you did well as well.Congrats 7.94% of equity
Very Nice!! ... Had I not shot myself in the foot last night, we would have been just about even.

Still, a very happy 4.7% for me this week.

Have a great weekend buddy
Ghost Rider - WWTBMD?
  • #154
  • Aug 8, 2014 5:21pm Aug 8, 2014 5:21pm
Quoting santos23
Hi Davit, I will begin to try your system monday, regards
demo it 1st.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #155
  • Aug 8, 2014 5:23pm Aug 8, 2014 5:23pm
Quoting albchr
{quote} Very Nice Davit. Just curious, what is that in % gain? Only if you feel comfortable answering of course.
not surprised we are in Serendipity
In trading, you have to be defensive and aggressive at the same time
  • #156
  • Aug 8, 2014 8:40pm Aug 8, 2014 8:40pm
As the week ended I like to self criticize assess performance
Over all great return in 1 week however I should of taken GN short at 2000 it was screaming to short.
Reasons are many but in plain situation I had way too many running trades 10 trades on UJ alone.

Still trade of the week short GN at 2000 I did not take 200 pips drop.
Note to traders its not how many scalps you do but being able to unload on great opportunity and make hundreds of pips in one trade.
Which brings me back to one of my favorite articles


What Crocodiles Can Teach You About Trading
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In trading, you have to be defensive and aggressive at the same time
  • #157
  • Aug 8, 2014 9:30pm Aug 8, 2014 9:30pm
Hi Davit,

Share my chart,thank you for sharing your system.

NJ, looks like want to climb,the W%&RSI pointing up from oversold area.
appreciate your comment

TQ
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  • #158
  • Edited 9:56pm Aug 8, 2014 9:36pm | Edited 9:56pm
Quoting sniperdebt
Hi Davit, Share my chart,thank you for sharing your system. NJ, looks like want to climb,the W%&RSI pointing up from oversold area. appreciate your comment TQ {image}
Good catch!! and I appreciate you using my template as is.
Yes its a high probability trade and also S/R level on left.

Watch List next week
1. NJ long

I like to check correlation
http://www.myfxbook.com/forex-market/correlation/NZDJPY

# 1 NJ correlation is GJ 2# GU
Strong confluence should GJ continue dropping don't long NJ
they both look almost identical charts and seem ready to go up.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #159
  • Aug 8, 2014 10:08pm Aug 8, 2014 10:08pm
Quoting Davit
{quote} Good catch!! and I appreciate you using my template as is. Yes its a high probability trade and also S/R level on left. Watch List next week 1. NJ long I like to check correlation http://www.myfxbook.com/forex-market/correlation/NZDJPY # 1 NJ correlation is GJ 2# GU Strong confluence should GJ continue dropping don't long NJ they both look almost identical charts and seem ready to go up. {image}
#GJ & GU still have a room to downside.
I'm waiting until Wednesday.
  • #160
  • Aug 9, 2014 2:43am Aug 9, 2014 2:43am
Quoting Davit
1st week of August and results +1174 pips gain
Good Game Davit ! 👍
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