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Davit's BB Wave System

  • #161
  • Aug 9, 2014 6:56am Aug 9, 2014 6:56am
Hi Davit,
Thank you for sharing your system. Though I have been following your journal for a while. Happy to see your recent trend modifications as I recently finished 2 week study of Raghee Horner system. Last week recovered a draw down of 1200 dollars using your system.
Thanks and God bless you.

Kindly look at the japanese currency for next week. Very promising.

Happy piping to all.
Attached Image (click to enlarge)
Click to Enlarge Name: LFXJPYDaily.png Size: 39 KB
  • #162
  • Aug 9, 2014 9:19am Aug 9, 2014 9:19am
Quoting shaan
Hi Davit, Thank you for sharing your system. Though I have been following your journal for a while. Happy to see your recent trend modifications as I recently finished 2 week study of Raghee Horner system. Last week recovered a draw down of 1200 dollars using your system. Thanks and God bless you. Kindly look at the japanese currency for next week. Very promising. Happy piping to all. {image}
Thanks Shaan for posting your results and sharing thoughts.
I had a killer week and like the momentum to continue.
My goal here is to get individuals who excel and form core group of guys that we can constantly nail trades.Some here already showing promise like
Pips777, kyurem, Rooi,Azfar,sniperdebt.
Welcome
In trading, you have to be defensive and aggressive at the same time
  • #163
  • Aug 9, 2014 9:25am Aug 9, 2014 9:25am
Quoting sniperdebt
{quote} #GJ & GU still have a room to downside. I'm waiting until Wednesday.
You are doing the smart thing.Lots of fundies news on UK on Weds 13th plus Carney speaking.In the past he has moved the pound hundreds of pips usually up by dropping key phrases in timely fashion.
In trading, you have to be defensive and aggressive at the same time
  • #164
  • Aug 9, 2014 9:51am Aug 9, 2014 9:51am
Nice System Davit
Long time not see you
by the way thanks for sharing your system
Forex as Leverage
  • #165
  • Aug 9, 2014 9:56am Aug 9, 2014 9:56am
Quoting Chanlie
Nice System Davit Long time not see you by the way thanks for sharing your system
Welcome and participate
In trading, you have to be defensive and aggressive at the same time
  • #166
  • Aug 10, 2014 11:45am Aug 10, 2014 11:45am
New second Week of August

Lets go over how to read charts correctly specially what constitute a trend.
Often we hear lot of traders say trend is up or down.Well which time frame?This is critical because getting mixed up here will cost you money.

I am going to post charts CHF/JPY for study purpose

CHF/JPY Weekly
RSI WR% going down
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY.Weekly.png Size: 44 KB
In trading, you have to be defensive and aggressive at the same time
  • #167
  • Aug 10, 2014 11:48am Aug 10, 2014 11:48am
Monthly Down
RSI WR% going down from OB
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY.Monthly.png Size: 45 KB
In trading, you have to be defensive and aggressive at the same time
  • #168
  • Aug 10, 2014 11:57am Aug 10, 2014 11:57am
Daily UP

This is the tricky part.Looking at monthly and weekly its obvious trend is down however daily had major thrust up.
Our deduction must be simple daily UP is nothing but impulse correction.My bias is BEAR based on Monthly and Weekly hence If I short here I am actually going with the trend on larger TF Weekly and monthly but counter trading on daily.
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY.Daily.png Size: 48 KB
In trading, you have to be defensive and aggressive at the same time
  • #169
  • Aug 10, 2014 12:02pm Aug 10, 2014 12:02pm
Idea is simple to get in on larger TF trend on lower TF dips or rallies
This is what banks and institutions do.They unload on dips and rallies.
In trading, you have to be defensive and aggressive at the same time
  • #170
  • Aug 10, 2014 2:07pm Aug 10, 2014 2:07pm
Quoting Davit
Idea is simple to get in on larger TF trend on lower TF dips or rallies This is what banks and institutions do.They unload on dips and rallies.
=======
Many Thanks 4 ur charts + Time + sharin 4sure m8
  • #171
  • Aug 10, 2014 2:30pm Aug 10, 2014 2:30pm
Quoting pips777
{quote} ======= Many Thanks 4 ur charts + Time + sharin 4sure m8
Pips777 you did a great job last week $$$ considering you just started trading this system.Keep it up.
I suggest right click on meta trader chart and save as picture then upload into the thread.It is just easier to see your charts.
Thank you
In trading, you have to be defensive and aggressive at the same time
  • #172
  • Aug 10, 2014 2:40pm Aug 10, 2014 2:40pm
Just for a change, 4 hrly EURGBP chart along with butterfly pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 55 KB
  • #173
  • Aug 10, 2014 2:43pm Aug 10, 2014 2:43pm
Hey Davit, I enjoyed studying your system over the weekend..and I do agree with your way of trading because market makers deceive normal traders by setting certain trends for reversals when they are counter trading themselvs. May I ask your list of pairs that you trade? Thank you again
YOUR MOTHERS ASS
  • #174
  • Aug 10, 2014 2:44pm Aug 10, 2014 2:44pm
and the AUDUSD daily chart with bat pattern. Also notice RSI divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 64 KB
  • #175
  • Aug 10, 2014 2:45pm Aug 10, 2014 2:45pm
Hi davit, do you have any view on NZD/USD? I am currently flat after it fell through an area of interest around 0.86. I have an old support of 0.8400 which is holding more or less during the last trading days. So if any bulls are left, they should show up. Do you know anything about the fundamental situation? The swap is still juicy, even though RBA was quite dovish before the sell off ... I will just watch, then decide.

EUR/USD plan is to sell a retracement at 1.351, then see what happens.
Fix up, trade sharp ...
  • #176
  • Edited 3:24pm Aug 10, 2014 3:14pm | Edited 3:24pm
Quoting Davit
{quote} Pips777 you did a great job last week $$$ considering you just started trading this system.Keep it up. I suggest right click on meta trader chart and save as picture then upload into the thread.It is just easier to see your charts. Thank you
=======
sumetin happened 2 that function when i dropped my lappy , time 2 look 4 another scorpion i guess
  • #177
  • Aug 10, 2014 3:45pm Aug 10, 2014 3:45pm
Quoting shaan
Just for a change, 4 hrly EURGBP chart along with butterfly pattern. {image}
Shaan thanks for contributions.This is my goal guys collective intelligence

My view on EG is that it has some room to go up and then Bear trend continuing.

Major fundies on UK on Weds which makes me thing EG goes up Mon,Tues then Slam down most possibly late Tues or Weds
On daily RSI has room to go up.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.Daily.png Size: 46 KB
In trading, you have to be defensive and aggressive at the same time
  • #178
  • Aug 10, 2014 3:48pm Aug 10, 2014 3:48pm
Quoting santos23
Hey Davit, I enjoyed studying your system over the weekend..and I do agree with your way of trading because market makers deceive normal traders by setting certain trends for reversals when they are counter trading themselvs. May I ask your list of pairs that you trade? Thank you again
I trade everything with 4pips or less spread and avoid exotics that have huge spreads.Not worth paying that spread.
Follow along this week and have fun.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #179
  • Aug 10, 2014 3:50pm Aug 10, 2014 3:50pm
Quoting Hickson
Hi davit, do you have any view on NZD/USD? I am currently flat after it fell through an area of interest around 0.86. I have an old support of 0.8400 which is holding more or less during the last trading days. So if any bulls are left, they should show up. Do you know anything about the fundamental situation? The swap is still juicy, even though RBA was quite dovish before the sell off ... I will just watch, then decide. EUR/USD plan is to sell a retracement at 1.351, then see what happens.
I will not sell NU at this levels(huge -swap) but will not buy now either.Fundamentally we are looking further depreciation of NZ economy
Will consider building longs from 8250 and lower.
In trading, you have to be defensive and aggressive at the same time
  • #180
  • Aug 10, 2014 3:52pm Aug 10, 2014 3:52pm
Quoting shaan
and the AUDUSD daily chart with bat pattern. Also notice RSI divergence. {image}
Yes looking at the AU behavior for longs.I have this
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.Daily.png Size: 53 KB
In trading, you have to be defensive and aggressive at the same time
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