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Davit's BB Wave System

  • #221
  • Aug 11, 2014 9:49am Aug 11, 2014 9:49am
Quoting Rocky1
{quote} Hi Davit Have been following your analysis for quite some time .... suddenly stopped finding u often in cable room any more ...then finally here Hope u r doing making pips as always I m stuck in usdcad. heavy shorts at 1.0810. Do u think i will retrace to these levels b4 rallying to 1.12. Or shall i book losses? thanks
Hi Rocky
I can't predict the future but if your account can handle holding would makes sense.You are getting +swap so no pressure.
REgards
In trading, you have to be defensive and aggressive at the same time
  • #222
  • Aug 11, 2014 10:09am Aug 11, 2014 10:09am
Quoting Davit
People over think S/R in my opinion one of my friends has hundred lines all over the place....not nassary
... Nowhere near "hundreds" ...
Ghost Rider - WWTBMD?
  • #223
  • Aug 11, 2014 10:10am Aug 11, 2014 10:10am
Quoting albchr
{quote} ... Nowhere near "hundreds" ...
Got busted
In trading, you have to be defensive and aggressive at the same time
  • #224
  • Aug 11, 2014 10:12am Aug 11, 2014 10:12am
Quoting Davit
{quote} Got busted
Whaaaaat.... you thinka I no watching?
Ghost Rider - WWTBMD?
  • #225
  • Aug 11, 2014 10:15am Aug 11, 2014 10:15am
Quoting albchr
{quote} Whaaaaat.... you thinka I no watching?
Now I got you to post here
In trading, you have to be defensive and aggressive at the same time
  • #226
  • Aug 11, 2014 10:17am Aug 11, 2014 10:17am
Wow nice drop on Cad pairs
Must of been the very green housing data earlier today

Edit
Closed EC shorts at 4640 +120 pips on 2 positions from 4702
In trading, you have to be defensive and aggressive at the same time
  • #227
  • Aug 11, 2014 10:18am Aug 11, 2014 10:18am
Quoting Davit
Just want to share my idea of support /Resistance Its rather overused terminology but truth to me is rather simple. 1.What moves Price? Sellers and Buyers 2.Where do they place their stops? 3. 00 50 00 4.Which means 20pips above/ below price fluctuates and this is why price rarely stops exactly at RN but goes further 20 pips down gets all the stops then bounces up therefore to me S/R goes like this 80-00-30-50-80- 00 Don't even have to place any S/R indi or draw them.Its always there at those numbers.This also triggers limit orders mostly at RN...

I agree.

A like to think of them of zones
We miss 100% of the shots we don't take
  • #228
  • Aug 11, 2014 10:23am Aug 11, 2014 10:23am
Quoting Rooi
{quote} I agree. A like to think of them of zones
Same Zones
In trading, you have to be defensive and aggressive at the same time
  • #229
  • Aug 11, 2014 10:24am Aug 11, 2014 10:24am
Quoting Davit
{quote} Now I got you to post here
Sneaky! ...

But hey, just because some of us prefer this....
Attached Image

To this....
Attached Image

Is no reason to get personal .....

GU - 80-00-30-50-80- 00? Yeah...sometimes. But we can still get a touch more accurate when we want to.
Attached Image (click to enlarge)
Click to Enlarge Name: !t-gbpusdmm233.png Size: 63 KB
Ghost Rider - WWTBMD?
  • #230
  • Aug 11, 2014 10:28am Aug 11, 2014 10:28am
Quoting Davit
Wow nice drop on Cad pairs Must of been the very green housing data earlier today Edit Closed EC shorts at 4640 +120 pips on 2 positions from 4702
....
Ghost Rider - WWTBMD?
  • #231
  • Aug 11, 2014 10:32am Aug 11, 2014 10:32am
Quoting albchr
{quote} Sneaky! ... But hey, just because some of us prefer this.... {image} To this.... {image} Is no reason to get personal ..... GU - 80-00-30-50-80- 00? Yeah...sometimes. But we can still get a touch more accurate when we want to. {image}
I agree they are nuances but for most part markets all markets move from distribution to accumulation and that cycle is based where people place their orders.
Majority of traders don't place orders on add numbers but instead place on whole numbers.
True some numbers hold more significance but that's easy to see on the chart like end or beginning of major swings.
I do agree many ways to skin a cat
In trading, you have to be defensive and aggressive at the same time
  • #232
  • Aug 11, 2014 10:43am Aug 11, 2014 10:43am
http://d1tk82p0a1n27d.cloudfront.net...ad05ad42e0.jpg
In trading, you have to be defensive and aggressive at the same time
  • #233
  • Aug 11, 2014 10:45am Aug 11, 2014 10:45am
Quoting Davit
{quote} I agree they are nuances but for most part markets all markets move from distribution to accumulation and that cycle is based where people place their orders. Majority of traders don't place orders on add numbers but instead place on whole numbers. True some numbers hold more significance but that's easy to see on the chart like end or beginning of major swings. I do agree many ways to skin a cat
Agreed 100%. And like one of your very astute posters here said, those numbers you posted are zones or areas and perfectly fine for targeting entries and TP's. As swing traders, we do it all the time.

Don't let my rather in-depth study of PA structure be a pain here folks. That's just me being me when it comes to details. In 8 of 10 cases, it means very little to the average profitable trader.
Ghost Rider - WWTBMD?
  • #234
  • Aug 11, 2014 10:46am Aug 11, 2014 10:46am
Quoting Davit
{image}
... Oh please man! Go back to posting German women serving beer will ya??
Ghost Rider - WWTBMD?
  • #235
  • Aug 11, 2014 10:50am Aug 11, 2014 10:50am
Quoting Davit
{image}


We need to heal the minds from the above picture

Attached Image



Sorry for the additional clutter. But this is constructive clutter
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #236
  • Aug 11, 2014 10:52am Aug 11, 2014 10:52am
Quoting albchr
{quote} ... Oh please man! Go back to posting German women serving beer will ya??
Can't get over that still dreaming German Czech holiday

http://trackemtigers.com/wp-content/...r_Cleavage.jpg
In trading, you have to be defensive and aggressive at the same time
  • #237
  • Aug 11, 2014 10:53am Aug 11, 2014 10:53am
Quoting Rufus
{quote} We need to heal the minds from the above picture {image} Sorry for the additional clutter. But this is constructive clutter
Sorry guys painful image Guilty as charged
In trading, you have to be defensive and aggressive at the same time
  • #238
  • Aug 11, 2014 10:53am Aug 11, 2014 10:53am
Quoting Rufus
{quote} We need to heal the minds from the above picture {image} Sorry for the additional clutter. But this is constructive clutter
That works!

Hey Davit, CAD/CHF... whatta bet we get an RSI 50 bounce and continue down? That little bit of green CAD data was just enough for the retrace me thinks.
Attached Image (click to enlarge)
Click to Enlarge Name: cadchfmdaily.png Size: 62 KB
Ghost Rider - WWTBMD?
  • #239
  • Aug 11, 2014 10:56am Aug 11, 2014 10:56am
Quoting Davit
{quote} Can't get over that still dreaming German Czech holiday {image}
That's better! You had me worried there for a sec.
Ghost Rider - WWTBMD?
  • #240
  • Aug 11, 2014 11:00am Aug 11, 2014 11:00am
Quoting albchr
{quote} That works! Hey Davit, CAD/CHF... whatta bet we get an RSI 50 bounce and continue down? That little bit of green CAD data was just enough for the retrace me thinks. {image}
I can't sell CAD VS CHF (Euro)
To me Euro fundies are shit compare to CAD.No trade for me because I see brighter future for CAD
I have massive position on UC short so I could be slightly biased.

Lets see
Ukraine crises less revenue for EZ and Russia just stopped import food from EZ
Fish,Beer exporters already in pain.
Inflation down and Draghi may start QE Overall Euro is weak and could get lot weaker
In trading, you have to be defensive and aggressive at the same time
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