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Davit's BB Wave System

  • #321
  • Aug 12, 2014 1:21pm Aug 12, 2014 1:21pm
Davit, I'm back from another break and I'm gong to start trading faster time frames (daily swing trading for the most part) now that volatility appears to be returning to the markets (or adding to my longer-term positions should volatility not continue to increase) and I'd like to overlay your system with mine and compare triggers, but going back to the beginning of this thread and back to the beginning of June in your other thread (which is a month before you posted your current Metatrader extensions) you've never posted the actual values you're using (other than 34 EMA and what I can see on your chart). Since I don't use Metatrader I was hoping you'd post them so I could apply them to my own charts where possible.
You can always make money tomorrow provided you don't lose it today.
  • #322
  • Aug 12, 2014 3:21pm Aug 12, 2014 3:21pm
Hi Davit,

Do you attention to candlestick patterns or just waves price action only?

Rgds

Kyurem
  • #323
  • Aug 12, 2014 3:56pm Aug 12, 2014 3:56pm
Quoting KADC
Davit, I'm back from another break and I'm gong to start trading faster time frames (daily swing trading for the most part) now that volatility appears to be returning to the markets (or adding to my longer-term positions should volatility not continue to increase) and I'd like to overlay your system with mine and compare triggers, but going back to the beginning of this thread and back to the beginning of June in your other thread (which is a month before you posted your current Metatrader extensions) you've never posted the actual values you're...
Hi KADC
Glad you post here friend

Here are the values

Bollinger Bands default change deviation 2
Bollinger Bands default change deviation 3

RSI 8
Williams percent range 21

EMA 34 Close High Low the Wave

That's it
In trading, you have to be defensive and aggressive at the same time
  • #324
  • Aug 12, 2014 3:58pm Aug 12, 2014 3:58pm
Quoting kyurem
Hi Davit, Do you attention to candlestick patterns or just waves price action only? Rgds Kyurem
I basically pay attention only candles that get rejected (very long tails) Don't care on other candles that much since the core system is not based on candles.

All my UC shorts in profit 8 positions +160 pips but will hold lower
In trading, you have to be defensive and aggressive at the same time
  • #325
  • Aug 12, 2014 4:03pm Aug 12, 2014 4:03pm
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.
Ok bro!

Just demoing with you guys. Here are a couple from yesterday's close. ( at 0 GMT on this account). That give me a 2 hour Sunday candle... which is significant on an 8-rsi window. CAD-JPY... GBP-JPY. Both are in the money a little as of now.

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  • #326
  • Aug 12, 2014 4:41pm Aug 12, 2014 4:41pm
Quoting Davit
{quote} I basically pay attention only candles that get rejected (very long tails) Don't care on other candles that much since the core system is not based on candles. All my UC shorts in profit 8 positions +160 pips but will hold lower
My UC sells closed +180pips, 3 order still open
  • #327
  • Aug 12, 2014 4:42pm Aug 12, 2014 4:42pm
hi davit!
really like your thread - read it twice, back-test it but i'm not still
able to get "the good trades".. could you be so kind and perhaps put some more examples of yours trades?
regards,
branimir
  • #328
  • Aug 12, 2014 4:43pm Aug 12, 2014 4:43pm
Quoting elway
{quote} Ok bro! Just demoing with you guys. Here are a couple from yesterday's close. ( at 0 GMT on this account). That give me a 2 hour Sunday candle... which is significant on an 8-rsi window. CAD-JPY... GBP-JPY. Both are in the money a little as of now. {image}{image}
Hi Elway
Thks for posting.Your entry on CJ is significantly late like 75pips.In real money that would not made a trade in my book.
GJ is lot better.
Keep demoing and observing nuances.
In trading, you have to be defensive and aggressive at the same time
  • #329
  • Edited 5:02pm Aug 12, 2014 4:47pm | Edited 5:02pm
Quoting bborovac
hi davit! really like your thread - read it twice, back-test it but i'm not still able to get "the good trades".. could you be so kind and perhaps put some more examples of yours trades? regards, branimir
I have posted every live trade here won over 1500 pips this month alone so far. Just overlay my entries on the chart.
Too many trades to go over.This thread already has significant examples.
Observe and read the thread again.Its better you post trades that did not work out so I can go over it. THKS
In trading, you have to be defensive and aggressive at the same time
  • #330
  • Aug 12, 2014 4:48pm Aug 12, 2014 4:48pm
Quoting sniperdebt
{quote} My UC sells closed +180pips, 3 order still open
AS you know mine are double dips. 1st batch closed in profit and now got 8 shorts in profit.
90 should get hit.
Congrats
In trading, you have to be defensive and aggressive at the same time
  • #331
  • Aug 12, 2014 5:26pm Aug 12, 2014 5:26pm
Quoting Davit
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.



my sentiments exactly.
FXcube
  • #332
  • Aug 12, 2014 6:23pm Aug 12, 2014 6:23pm
Quoting Forexcube
{quote} my sentiments exactly. FXcube

9.5% account gain so far in August
Reason I posted the graph to show there is no sharp huge losses dips and big spikes up suggesting desperate revenge trading.Its study stable growth.Losses kept small.
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In trading, you have to be defensive and aggressive at the same time
  • #333
  • Aug 12, 2014 7:06pm Aug 12, 2014 7:06pm
Funny how predicted number is exactly as actual number...
Someone is dead accurate or Japan's entire data is as bad as China full of holes.
On bright side there was some green color.
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In trading, you have to be defensive and aggressive at the same time
  • #334
  • Aug 12, 2014 7:15pm Aug 12, 2014 7:15pm
Been waiting all day for my short on EJ to do something. but trickle up.
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  • #335
  • Aug 12, 2014 7:50pm Aug 12, 2014 7:50pm
Hello Davit,

you have the EMA34 with high low close on your template, just for trend determination the close would be enough.
i found no direct rule, but it seems to me you are using the high and low in relation to RSI 50 level for trend following trades or
is there another reason?
just do it
  • #336
  • Aug 12, 2014 7:54pm Aug 12, 2014 7:54pm
RSI above 50, W% above 70
USDCHF -99% correlation with EU keep an eye on both
http://www.myfxbook.com/forex-market/correlation/USDCHF​
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  • #337
  • Edited 9:12pm Aug 12, 2014 8:58pm | Edited 9:12pm
Quoting thodie
Hello Davit, you have the EMA34 with high low close on your template, just for trend determination the close would be enough. i found no direct rule, but it seems to me you are using the high and low in relation to RSI 50 level for trend following trades or is there another reason?
Hi Thodie
When price is inside Wave No trade blue candles unless it bounces off and breaks out of Wave
Basic idea is not making mistake of taking false entries and staying on sideline if price stays inside WAVE
50 level is either taking profit or if it goes your way letting profit run to other side of BB and RSI 70/30 WR% -20/-80

Let me know how it goes.I am very interested to see your results
If I had just single EMA close that would of not achieved as far as zone.I like the width of EMA giving space hence eliminating otherwise false entries.
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In trading, you have to be defensive and aggressive at the same time
  • #338
  • Aug 12, 2014 9:09pm Aug 12, 2014 9:09pm
Quoting sniperdebt
RSI above 50, W% above 70 USDCHF -99% correlation with EU keep an eye on both http://www.myfxbook.com/forex-market/correlation/USDCHF​ {image}
Hi Snip I am so glad you are paying attention and making money. You are ON

I am assuming you went long since price did not break 50 level confirming trend is strong in direction that has been going
If true your entry is spot on! perfect actually
In trading, you have to be defensive and aggressive at the same time
  • #339
  • Aug 12, 2014 9:21pm Aug 12, 2014 9:21pm
Quoting Davit
{quote} Hi Thodie When price is inside Wave No trade blue candles unless it bounces off and breaks out of Wave Basic idea is not making mistake of taking false entries and staying on sideline if price stays inside WAVE Let me know how it goes.I am very interested to see your results
thanks iŽll do!
for now i have only compared the ribbon bollinger to the MT4 OEM, there is a slightly difference with the same settings in ranging periods,
so iŽll use the build in ones.

so far i have a question about additional positions, any criteria on that?
i notice sometimes you add pendings on countertrend, sometimes it seems they are manual in nearly the same range as the initial position
are the pendings based on the ADR?

regards thodie
just do it
  • #340
  • Aug 12, 2014 9:50pm Aug 12, 2014 9:50pm
Quoting thodie
{quote} thanks iŽll do! for now i have only compared the ribbon bollinger to the MT4 OEM, there is a slightly difference with the same settings in ranging periods, so iŽll use the build in ones. so far i have a question about additional positions, any criteria on that? i notice sometimes you add pendings on countertrend, sometimes it seems they are manual in nearly the same range as the initial position are the pendings based on the ADR? regards thodie
I usually place pending in BB levels should price get there while I am sleeping or not at the computer.Example I have UJ 2x at 102.90 just happens to be pivot point S/R without even looking at that but I know it is based upon Price reaction there previously.
It does not matter OEM BB or Ribbon.Both are fine.I used profitably both.
As far as adding new positions.When the trade goes in my way I add additional positions.I also add additional positions even if my original orders are red.Not recommending this to others but that's part of my trading plan scale in even if some orders are red.
Regards
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In trading, you have to be defensive and aggressive at the same time
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