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Davit's BB Wave System

  • #261
  • Aug 11, 2014 12:26pm Aug 11, 2014 12:26pm
Quoting Davit
Ok guys thanks for participating making money and having fun. Got to go to work See you guys later and please don't be shy posting trades winners and losers because we can go over and identify errors.Only way to improve. Cheers
Have great day Davit. Excellent job today.
Ghost Rider - WWTBMD?
  • #262
  • Aug 11, 2014 12:40pm Aug 11, 2014 12:40pm
EURCAD 62 pips EURGBP 32 pips.

EURCAD taken on daily but shown here on H1 chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH1.png Size: 43 KB
  • #263
  • Aug 11, 2014 3:46pm Aug 11, 2014 3:46pm
Picked a bad to forget to follow this thread! Great job guys.
  • #264
  • Aug 11, 2014 7:40pm Aug 11, 2014 7:40pm
Quoting Davit
Ok Chris you sold me scaling in on UJ Short UJ 102.17 2x 101.50 possible TP RSI is flat at 50 suggesting move is running out of steam
Patience for your 102.50 area may have been the better choice bro. But that's why I'm scaling in. Might just get there so I'll hold and add for now.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpymdaily.png Size: 78 KB
Ghost Rider - WWTBMD?
  • #265
  • Aug 11, 2014 7:47pm Aug 11, 2014 7:47pm
Quoting albchr
{quote} Patience for your 102.50 area may have been the better choice bro. But that's why I'm scaling in. Might just get there so I'll hold and add for now. {image}

This has to be the worst pair to trade this year by far. We should boycott this pair.
Has been ranging since FEB 2 2014
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-w1-forex-capital-markets.png Size: 123 KB
trading on demo is not trading
  • #266
  • Aug 11, 2014 8:39pm Aug 11, 2014 8:39pm
GZ my only open trade at the moment
  • #267
  • Aug 11, 2014 8:46pm Aug 11, 2014 8:46pm
Quoting enzo2325
{quote} This has to be the worst pair to trade this year by far. We should boycott this pair. Has been ranging since FEB 2 2014 {image}
Yeah, ain't it great! Ranges are money makers.

Grabbing some shut eye. Trade safe folks.
Ghost Rider - WWTBMD?
  • #268
  • Aug 11, 2014 10:25pm Aug 11, 2014 10:25pm
Adding 2 more shorts on EJ at 3680 total 4
In trading, you have to be defensive and aggressive at the same time
  • #269
  • Aug 11, 2014 10:29pm Aug 11, 2014 10:29pm
3x UC shorts at 9339
My system signal says shorts and I am obeying it.Who am I to disagree
Will built a nice position should it go higher. UC is in a range perfect for my kind of trading.Getting positive swap helps holding
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.Daily.png Size: 50 KB
In trading, you have to be defensive and aggressive at the same time
  • #270
  • Aug 11, 2014 10:39pm Aug 11, 2014 10:39pm
Quoting enzo2325
{quote} This has to be the worst pair to trade this year by far. We should boycott this pair. Has been ranging since FEB 2 2014 {image}
Made very good pips so far this month on this pair.Despite of popular belief 70-80% of Forex is in a range.Identifying it is an edge all by itself
Difference is you think it sucks and I think great lets pile the pips.
Perception changes everything.
Like Example I am getting back shorting UC which I closed earlier today at 24 and adding more on EJ.Range is good keep saying that and you'll transform.
In trading, you have to be defensive and aggressive at the same time
  • #271
  • Aug 11, 2014 10:48pm Aug 11, 2014 10:48pm
Quoting shaan
EURCAD 62 pips EURGBP 32 pips. EURCAD taken on daily but shown here on H1 chart. {image}

Shaan if you don't want news background to stick out like that paste color code from your chart in indicators background color and everything will blend in.
In trading, you have to be defensive and aggressive at the same time
  • #272
  • Aug 11, 2014 10:56pm Aug 11, 2014 10:56pm
Quoting Davit
{quote} Made very good pips so far this month on this pair.Despite of popular belief 70-80% of Forex is in a range.Identifying it is an edge all by itself Difference is you think it sucks and I think great lets pile the pips. Perception changes everything. Like Example I am getting back shorting UC which I closed earlier today at 24 and adding more on EJ.Range is good keep saying that and you'll transform.
Davit,
I haven't lost on the pair yet. The fact that it barley moves is what sucks

I like your system though and keep up the work
trading on demo is not trading
  • #273
  • Aug 11, 2014 11:03pm Aug 11, 2014 11:03pm
Quoting enzo2325
{quote} Davit, I haven't lost on the pair yet. The fact that it barley moves is what sucks I like your system though and keep up the work
I just added 1 more on UC 4 total on this pair 9339.

Enzo welcome.I have been reading constantly on trading psychology.Battle is won and lost before even it begins.If you can identify a range then you should exploit it not complain about it.This will take time to sink in...
Regards
In trading, you have to be defensive and aggressive at the same time
  • #274
  • Aug 11, 2014 11:39pm Aug 11, 2014 11:39pm
Quoting Davit
{quote} I just added 1 more on UC 4 total on this pair 9339. Enzo welcome.I have been reading constantly on trading psychology.Battle is won and lost before even it begins.If you can identify a range then you should exploit it not complain about it.This will take time to sink in... Regards
i'm watching NU for buy around .84xxx
  • #275
  • Aug 11, 2014 11:54pm Aug 11, 2014 11:54pm
Quoting sniperdebt
{quote} i'm watching NU for buy around .84xxx
No trade for me but its decent trade
In trading, you have to be defensive and aggressive at the same time
  • #276
  • Aug 11, 2014 11:58pm Aug 11, 2014 11:58pm
Quoting Davit
{quote} No trade for me but its decent trade

Depending on how many pips one is going for… we really don't know what's going to happen here with NZD it's proving to be the weakest right now, however in the immediate term it is clearly oversold. I am looking for 8434 there…...

GU also seems likely to be supported at 1.6760… we shall see what London brings us.

But whatever I'm saying you should probably do the opposite
  • #277
  • Edited 12:22am Aug 12, 2014 12:07am | Edited 12:22am
To me if you find a good opertunity its better doubling up on that 1 pair then have 2 different pairs for sake of diversity.
I often hammer good opertunity when I see it like I have 4 orders on UC 4 Orders on EJ 4 Orders on UJ
and most likely hammer UJ even more.Don't need 12 different pairs when I can squeeze most from 3 or even 1
I am a swing trader but my system can be adapted for day trading as well.

NZ fundamentals are weak.Weak milk / logging prices 30% of NZ economy.I think RBNZ made a premature interest rate hike whereas their neighbor Aussies are thinking to cut theirs.
I won't be surprised NU declining lot further.Massive housing bubble developing in China they literally built entire cities without anyone living in them and their economy is slowing down.Its bewildering how careless RBNZ has been.This is the time when everyone wants lower rate to grow and NZ bankers are shooting themselves.I am not an expert on economy but if my neighbor is slowing down and my biggest trading partner (China) is slowing down then why would you raise rates?Its just stupid
In trading, you have to be defensive and aggressive at the same time
  • #278
  • Aug 12, 2014 12:16am Aug 12, 2014 12:16am
Quoting Davit
To me if you find a good opertunity its better doubling up on that 1 pair then have 2 different pairs for sake of diversity. I often hammer good opertunity when I see it like I have 4 orders on UC 4 Orders on EJ 4 Orders on UJ and most likely hammer UJ even more.Don't need 12 different pairs when I can squeeze most from 3 or even 1 I am a swing trader but my system can be adapted for day trading as well. NZ fundamentals are weak.Weak milk / logging prices 30% of NZ economy.I think RBNZ made a premature interest rate hike whereas their neighbor Aussies...
Yes agreed. I can see UCAD going a lot higher but in near term seems we have some bearish technicals and I expect pair to head below 1.09.
  • #279
  • Aug 12, 2014 12:27am Aug 12, 2014 12:27am
Quoting Davit
To me if you find a good opertunity its better doubling up on that 1 pair then have 2 different pairs for sake of diversity. I often hammer good opertunity when I see it like I have 4 orders on UC 4 Orders on EJ 4 Orders on UJ and most likely hammer UJ even more.Don't need 12 different pairs when I can squeeze most from 3 or even 1 I am a swing trader but my system can be adapted for day trading as well. NZ fundamentals are weak.Weak milk / logging prices 30% of NZ economy.I think RBNZ made a premature interest rate hike whereas their neighbor Aussies...
agreed with you, better focus on increasing the equity. end of the day we are looking for profit not how many pairs we trade.
  • #280
  • Edited 12:44am Aug 12, 2014 12:33am | Edited 12:44am
Quoting sniperdebt
{quote} agreed with you, better focus on increasing the equity. end of the day we are looking for profit not how many pairs we trade.

I have 12 orders on 3 pairs .This could generate over 500-600 pips easy.Patience
In trading, you have to be defensive and aggressive at the same time
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