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Davit's BB Wave System

  • #301
  • Aug 12, 2014 8:18am Aug 12, 2014 8:18am
Quoting Rooi
{quote} 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 https://www.youtube.com/watch?v=f6RFQ9CfAr0
Thanks I'll watch it My day off today
In trading, you have to be defensive and aggressive at the same time
  • #302
  • Aug 12, 2014 8:26am Aug 12, 2014 8:26am
Quoting Davit
{quote} Thanks I'll watch it My day off todayy
Still making some nice pips though
We miss 100% of the shots we don't take
  • #303
  • Aug 12, 2014 8:27am Aug 12, 2014 8:27am
Just want to share trading "wisdom"

Some traders say everything is in the chart and I disagree with this.
Some follow fundamentals only.I think my approach is most natural that I follow both.We got news releases everyday shaping price as we go.
Its your job as a trader to scan all red news dates and factor your trading around it.Do you want to be wrong side of GDP,NFP.Interest Rate,Major Unemployment ? Obviously no so keep up with news.
In trading, you have to be defensive and aggressive at the same time
  • #304
  • Aug 12, 2014 8:29am Aug 12, 2014 8:29am
Quoting Rooi
{quote} Still making some nice pips though
Thanks Rooi but day off from my real crappy job.I am not yet full time trader but that's my objective
In trading, you have to be defensive and aggressive at the same time
  • #305
  • Aug 12, 2014 8:41am Aug 12, 2014 8:41am
Quoting Davit
{quote} Thanks Rooi but day off from my real crappy job.I am not yet full time trader but that's my objective
I still have a J O B as well,working towards the same end goal.There is some hurdles to overcome but all in time.I always say it is inevitable.Might take a bit longer than originally planned but will get there.
We miss 100% of the shots we don't take
  • #306
  • Aug 12, 2014 8:45am Aug 12, 2014 8:45am
Quoting Davit
Possible trade forming on U/CHF Notice that it failed to break big psychological barrier 91 {image}
Yes. Im already "in".

2 x short from 0.9100
2 x pending order from 0.9150

trying to figure out where to put SL :-)

Let see.
  • #307
  • Aug 12, 2014 8:49am Aug 12, 2014 8:49am
Quoting zolo
{quote} Yes. Im already "in". 2 x short from 0.9100 2 x pending order from 0.9150 trying to figure out where to put SL :-) Let see.
Hi Zolo welcome
good entry.Watch EU as well since its flip of U/CHF
On SL be aware 20-30pips is almost like seating duck.Your own broker could even take out by simply widening spread in mini second.
Just monitor it without hard stop but keep the number in your head where you may want to get out.If this makes you nervous then your position is too big.


Added 2 more on UJ at 19 total 6 orders on it
In trading, you have to be defensive and aggressive at the same time
  • #308
  • Aug 12, 2014 8:50am Aug 12, 2014 8:50am
Quoting zolo
{quote} Yes. Im already "in".

So am I.Sort of.Long on the EurUSd
We miss 100% of the shots we don't take
  • #309
  • Edited 9:31am Aug 12, 2014 9:19am | Edited 9:31am
Short U/CHF 92 2x
This is more of short term trade since I believer overall EU is heading possible lower in coming months.
In trading, you have to be defensive and aggressive at the same time
  • #310
  • Aug 12, 2014 10:07am Aug 12, 2014 10:07am
Quoting Davit
Short U/CHF 92 2x This is more of short term trade since I believer overall EU is heading possible lower in coming months.
Closed 81+20pips
In trading, you have to be defensive and aggressive at the same time
  • #311
  • Edited 10:31am Aug 12, 2014 10:11am | Edited 10:31am
Quoting Davit
{quote} Closed 81+20pips

Killed my EU for 18 pips as well about 20 min ago.Still have a pending there.Asia might just run stops to the downside tonight and activate some longs for me again.Will see

GU trying to claw its way up again.
We miss 100% of the shots we don't take
  • #312
  • Aug 12, 2014 10:13am Aug 12, 2014 10:13am
Quoting Davit
{quote} Closed 81+20pips
Scalping!
Ghost Rider - WWTBMD?
  • #313
  • Aug 12, 2014 10:23am Aug 12, 2014 10:23am
Quoting albchr
{quote} Scalping!
boredom
Someone said I only need to make 20 pips a day to get rich. Well I made 1,556 pips so far this month.I guess I covered next 4months
In trading, you have to be defensive and aggressive at the same time
  • #314
  • Aug 12, 2014 10:32am Aug 12, 2014 10:32am
Quoting Davit
{quote} boredom Someone said I only need to make 20 pips a day to get rich. Well I made 1,556 pips so far this month.I guess I covered next 4months
ha. That's applicable if you're using 500x leverage I suppose
  • #315
  • Aug 12, 2014 11:01am Aug 12, 2014 11:01am
Quoting Pharm0r
{quote} ha. That's applicable if you're using 500x leverage I suppose
Well, it also depends by your starting capital...the more money you have, the less overleverage you can use to live well with also few pips per day.
As they say: money makes money
  • #316
  • Aug 12, 2014 11:41am Aug 12, 2014 11:41am
Quoting cariddi74
{quote} Well, it also depends by your starting capital...the more money you have, the less overleverage you can use to live well with also few pips per day. As they say: money makes money
agree and also want to add higher lots carry bigger pressure thus effect trading psychology.I trade smaller because I know one is seldom correct on exact entry hence smaller lots allow room for error.
If you go large lot for 20pips then your SL must be small as well.That combo is stress loaded.Not kind of trading I like to do.
In trading, you have to be defensive and aggressive at the same time
  • #317
  • Aug 12, 2014 12:15pm Aug 12, 2014 12:15pm
Hi Davit,
was following your system for quite some time, also read one of the book you posted with title "Davit's philosophy" from Mark Douglas, am new, been trading 3 months now.
Current trades
EU short mostly because its long term going down and swap charges are positive.
UC short because I think CAD might get a little stronger in some time as Crude oil prices go up in case Iraq crisis heats up.
AU short because Chinese and NZ is going lower lately and AU might fellow its neighbours, also AU will act as a hedge for UC in case dollar gets stronger.


I don't understand why would UJ go lower more than 30-50 pips from 102.20. JPY doesn't move too much and USD seems neutral atm.
  • #318
  • Aug 12, 2014 12:39pm Aug 12, 2014 12:39pm
Quoting abhijityad
Hi Davit, was following your system for quite some time, also read one of the book you posted with title "Davit's philosophy" from Mark Douglas, am new, been trading 3 months now. Current trades EU short mostly because its long term going down and swap charges are positive. UC short because I think CAD might get a little stronger in some time as Crude oil prices go up in case Iraq crisis heats up. AU short because Chinese and NZ is going lower lately and AU might fellow its neighbours, also AU will act as a hedge for UC in case dollar gets stronger....
Hi A
on UJ explanation on the chart.
Just want to add I take most signals I get and I let it play out.System should be measured based on series of trades say 100 and out 100 I expect 20% losers.
So far I am above 80.If UJ is a loser then be it but I don't know that unless I take the trade.
Mark Douglass talks lot about this in his book "Trading in the Zone" "Edge is defined on series of trades"

Good trades but be mindful of AU and NU are "due" to rebound higher.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.Daily.png Size: 67 KB
In trading, you have to be defensive and aggressive at the same time
  • #319
  • Aug 12, 2014 12:43pm Aug 12, 2014 12:43pm
added 2 more on UC 942 total 8 shorts
In trading, you have to be defensive and aggressive at the same time
  • #320
  • Aug 12, 2014 1:17pm Aug 12, 2014 1:17pm
thanks about AU
I did this a lot while I practised on demo with UJ. Starting with both Sell and Buy order in and around the same levels at 102. Sell order TP 101.30 with BE after 101.50. Buy order TP same with 70 pips profit at 102.70 with BE at 102.50.
Most of the time i was able to close both trades within 2-3 weeks both in profits. Don't have a heart to try that in real account "yet".
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