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Davit's BB Wave System

  • #281
  • Aug 12, 2014 1:15am Aug 12, 2014 1:15am
Quoting sniperdebt
{quote} i'm watching NU for buy around .84xxx
Morning all

" sniperdebt

Im holding 2 small NU trades

one at .84105 and .84671

But like Davit said.Not the best.I will cut if it goes to far below the previous low on the daily

GL

Rooi
We miss 100% of the shots we don't take
  • #282
  • Aug 12, 2014 1:54am Aug 12, 2014 1:54am
EJ chart
Since kind of slow lets look at EJ
Swing stopped just at 50 then slowly RSI WR% pointing south.All the criteria looking to take the trade
Weekly Chart is making lower Lows hence by all definition shorting EJ is going with the trend
And what do they always say? Trend is your friend
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY.Daily.png Size: 49 KB
Click to Enlarge Name: EURJPY.Weekly.png Size: 29 KB
In trading, you have to be defensive and aggressive at the same time
  • #283
  • Aug 12, 2014 6:41am Aug 12, 2014 6:41am
Closed EJ at 47 +140pips on 4 positions
In trading, you have to be defensive and aggressive at the same time
  • #284
  • Aug 12, 2014 6:53am Aug 12, 2014 6:53am
Quoting Davit
Closed EJ at 47 +140pips on 4 positions

I bagged some short on the EJ on my scalping account account as well

Great trading
We miss 100% of the shots we don't take
  • #285
  • Aug 12, 2014 6:54am Aug 12, 2014 6:54am
Quoting Rooi
{quote} I bagged some short on the EJ on my scalping account account as well Great trading
In trading, you have to be defensive and aggressive at the same time
  • #286
  • Aug 12, 2014 7:04am Aug 12, 2014 7:04am
Guys just want to say if you don't participate,show interest I may just ask the moderators to close this thread.I am not going to simply provide signals here.
In trading, you have to be defensive and aggressive at the same time
  • #287
  • Aug 12, 2014 7:14am Aug 12, 2014 7:14am
My Daily update

Long EURUSD
Long AUDUSD
Short USDCAD
Short GBPNZD
Long GBPUSD ( 340 pips open DD for now from last week )
Long NZDUSD

Pendings long on AUD JPY

500 pip open DD at the moment , mostly from GBPUSD

115 pips in the blue.

Still happy with everything I have got for now,lets see what NYO brings

Good Luck to all

Rooi



I agree with Davit,no point in copying his trades and not learning how to trade properly,anyway
Attached Image (click to enlarge)
Click to Enlarge Name: swing 12 08 2014 T1.png Size: 114 KB
We miss 100% of the shots we don't take
  • #288
  • Aug 12, 2014 7:19am Aug 12, 2014 7:19am
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
Hi Davit
Thank you for sharing your system, I will practice with it with a small account, are their any other reasons for going short on UJ other than RSI is flat and the move up seems to be running out of steam?

Thanks
Logic38
  • #289
  • Aug 12, 2014 7:20am Aug 12, 2014 7:20am
Quoting Rooi
My Daily update Long EURUSD Long AUDUSD Short USDCAD Short GBPNZD Long GBPUSD ( 340 pips DD for now from last week ) Long NZDUSD Pendings long on AUD JPY 500 pip DD at the moment , mostly from GBPUSD 115 pips in the blue. Still happy with everything I have got for now,lets see what NYO brings Good Luck to all Rooi I agree with Davit,no point in copying his trades and not learning how to trade properly,anyway {image}
GU is getting close to rebound
While EU is getting hammered GU is holding on firm suggestion of Bear exhaustion. Big fundie day tomorrow on UK,We may see serious up thrust.
In trading, you have to be defensive and aggressive at the same time
  • #290
  • Aug 12, 2014 7:30am Aug 12, 2014 7:30am
Quoting Davit
Guys just want to say if you don't participate,show interest I may just ask the moderators to close this thread.I am not going to simply provide signals here.
Ghost Rider - WWTBMD?
  • #291
  • Aug 12, 2014 7:31am Aug 12, 2014 7:31am
Quoting Davit
{quote} GU is getting close to rebound While EU is getting hammered GU is holding on firm suggestion of Bear exhaustion. Big fundie day tomorrow on UK,We may see serious up thrust.

I agree , will have to see what happens tomorrow.

Still have one pending waiting - will close basket of trades if I am down $100 ( 1000 pips) as that's just over 3% of account and my limit for "pain"

Like I said in previous posts,strictly speaking it was an incorrect trade according to your rules but I might just average out of it otherwise I will have to take it on the nose for my mistake

Do you check in every 4hrs or so?
24hours a day ?
6 times a day?
We miss 100% of the shots we don't take
  • #292
  • Edited 7:55am Aug 12, 2014 7:34am | Edited 7:55am
Quoting logic38
{quote} Hi Davit Thank you for sharing your system, I will practice with it with a small account, are their any other reasons for going short on UJ other than RSI is flat and the move up seems to be running out of steam? Thanks Logic38
Please study little about price movements in general.I posted good books to read on harmonics.

What I drew does not mean that's what is going to happen for sure but very likely.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.H4.png Size: 27 KB
In trading, you have to be defensive and aggressive at the same time
  • #293
  • Aug 12, 2014 7:37am Aug 12, 2014 7:37am
Quoting Rooi
{quote} I agree , will have to see what happens tomorrow. Still have one pending waiting - will close basket of trades if I am down $100 ( 1000 pips) as that's just over 3% of account and my limit for "pain" Like I said in previous posts,strictly speaking it was an incorrect trade according to your rules but I might just average out of it otherwise I will have to take it on the nose for my mistake Do you check in every 4hrs or so? 24hours a day ? 6 times a day?
I actually posted the chart why it was early to long.Its fine.Mistakes are necessary part of trading.Just make mental note to analyse so you can prevent same mistake happening again.
In trading, you have to be defensive and aggressive at the same time
  • #294
  • Aug 12, 2014 7:45am Aug 12, 2014 7:45am
Quoting logic38
{quote} Hi Davit Thank you for sharing your system, I will practice with it with a small account, are their any other reasons for going short on UJ other than RSI is flat and the move up seems to be running out of steam? Thanks Logic38
In my simple way of thinking RSI WR% stopping at 50 level after a huge swing suggest "reaction" time (Corrective wave) is over hence most likely direction would be previous strong swing.
Price travels least path of resistance.If it stops and can't or does not want to go up then it either goes into small range or break opposite side.
Its just probability factor.
In trading, you have to be defensive and aggressive at the same time
  • #295
  • Aug 12, 2014 7:46am Aug 12, 2014 7:46am
Quoting Davit
{quote} Please study little about price movements in general.I posted good books to read on harmonics. {image} {image}
Very good way to focus on good trading habits getting in at the right time and also getting out at the right time

In the "Playbook" written by the Mike Bellafourie from SMB Capital he talks about writing and drawing trade setups like those in your pictures so you can see what makes the most sense for you to trade - each to their own.
Everyone will have setups they like the most.I have read most of the books you have posted on page 1.Makes a big difference.Anyway
(http://www.amazon.com/The-PlayBook-I.../dp/0132937646)


Quoting Davit
{quote} I actually posted the chart why it was early to long.Its fine.Mistakes are necessary part of trading.Just make mental note to analyse so you can prevent same mistake happening again.

I have and will in future.I added positions to quickly as well. Like you said.So we we learn
We miss 100% of the shots we don't take
  • #296
  • Aug 12, 2014 7:58am Aug 12, 2014 7:58am
Quoting Rooi
{quote} Very good way to focus on good trading habits getting in at the right time and also getting out at the right time In the "Playbook" written by the Mike Bellafourie from SMB Capital he talks about writing and drawing trade setups like those in your pictures so you can see what makes the most sense for you to trade - each to their own. Everyone will have setups they like the most.I have read most of the books you have posted on page 1.Makes a big difference.Anyway (http://www.amazon.com/The-PlayBook-I.../dp/0132937646)...
Rooi
You got potential to make it in this business.Keep it up.Its a slow arduous process but you got the right attitude.
I love trading and reading about traders is a pleasure.Thanks for the book suggestion.His name sounds very familiar I think he was featured on market wizard book.
In trading, you have to be defensive and aggressive at the same time
  • #297
  • Aug 12, 2014 8:02am Aug 12, 2014 8:02am
UC UJ coming down
In trading, you have to be defensive and aggressive at the same time
  • #298
  • Aug 12, 2014 8:04am Aug 12, 2014 8:04am
Quoting Davit
{quote} In my simple way of thinking RSI WR% stopping at 50 level after a huge swing suggest "reaction" time (Corrective wave) is over hence most likely direction would be previous strong swing. Price travels least path of resistance.If it stops and can't or does not want to go up then it either goes into small range or break opposite side. Its just probability factor.
Thank you Davit!!
  • #299
  • Aug 12, 2014 8:05am Aug 12, 2014 8:05am
Possible trade forming on U/CHF
Notice that it failed to break big psychological barrier 91
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.Daily.png Size: 47 KB
In trading, you have to be defensive and aggressive at the same time
  • #300
  • Aug 12, 2014 8:14am Aug 12, 2014 8:14am
Quoting Davit
{quote} Rooi You got potential to make it in this business.Keep it up.Its a slow arduous process but you got the right attitude. I love trading and reading about traders is a pleasure.Thanks for the book suggestion.His name sounds very familiar I think he was featured on market wizard book.

Thanks and if you liked market wizards or the idea about it - Have you seen Warriors of Wall Wtreet - that is where you might have heard of Mike Bellafoirie
this is part 2 of 4 parts of an episode.There should be plenty of episodes.Really good
Anyway

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We miss 100% of the shots we don't take
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