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Davit's BB Wave System

  • #341
  • Aug 13, 2014 12:08am Aug 13, 2014 12:08am
Quoting Jhlewis10
Been waiting all day for my short on EJ to do something. but trickle up. {image}
Hi J
Your entry short on EJ was early.Look at RSI it did not even got 50 level.You had no reason to short when you did.
I do think PA will most likely resume downtrend
In trading, you have to be defensive and aggressive at the same time
  • #342
  • Edited 12:33am Aug 13, 2014 12:17am | Edited 12:33am
I have been watching volume bars privately a lot lately and things become clear what big money is doing
Notice on NU every huge volume bar is Bear candle.This is clear that big money is not supporting NU at this levels
My only deduction is there is no interest buying NU since all Bull candles are tiny volume bars.Not incorporating volume yet but its something I always have been interested.
I used to think tick volume is not real volume but I came to conclusion that its pretty close.

On H4 same biggest drop candle is Red Bear bar on volume from 50 level
I must confess RSI 50 level is amazing.Its the perfect guide ,a campus to guide in turbulent sea.It works most TF
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: NZDUSD.H4.png Size: 47 KB
In trading, you have to be defensive and aggressive at the same time
  • #343
  • Aug 13, 2014 12:42am Aug 13, 2014 12:42am
Morning Davit and All

Lots of news on Eur , Gbp and Usd today.Will definitely see some movement
Attached Image


I have 2 pairs long on GBP (GBP/USD ; GBP:NZD)

Here is how I stand all round
Attached Image (click to enlarge)
Click to Enlarge Name: Swing 13 08 2014.png Size: 110 KB



Lets see how we go for the London Session

Rooi
We miss 100% of the shots we don't take
  • #344
  • Aug 13, 2014 12:43am Aug 13, 2014 12:43am
UPdate on my UC shorts my biggest position

All in profit at this point Will look to TP either 90 or 8980 area which is where 50 level is.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #345
  • Aug 13, 2014 12:46am Aug 13, 2014 12:46am
Quoting Rooi
Morning Davit and All Lots of news on Eur , Gbp and Usd today.Will definitely see some movement {image} I have 2 pairs long on GBP (GBP/USD ; GBP:NZD) Here is how I stand all round {image} Lets see how we go for the London Session Rooi
Good luck Rooi
I am staying on sidelines on all Pound pairs.It could play out very Bearishly or very Bullishly.Depends on data
not worth my risk to find out.
In trading, you have to be defensive and aggressive at the same time
  • #346
  • Aug 13, 2014 12:56am Aug 13, 2014 12:56am
Quoting Davit
{quote} Good luck Rooi I am staying on sidelines on all Pound pairs.It could play out very Bearishly or very Bullishly.Depends on data not worth my risk to find out.

I wish I could.

Been in the GU since last week.Will cut loss like previously stated

Lets see
We miss 100% of the shots we don't take
  • #347
  • Aug 13, 2014 1:00am Aug 13, 2014 1:00am
Quoting Rooi
{quote} I wish I could. Been in the GU since last week.Will cut loss like previously stated Lets see
Good probability GU will resume Uptrend.Tricky part is from 68 or 66-65
In general I lost interest on GU.Extremely manipulated pair.To me there are other opportunities.
In trading, you have to be defensive and aggressive at the same time
  • #348
  • Aug 13, 2014 1:12am Aug 13, 2014 1:12am
Quoting Davit
{quote} Good probability GU will resume Uptrend.Tricky part is from 68 or 66-65 In general I lost interest on GU.Extremely manipulated pair.To me there are other opportunities.
Ive seen and adapting
We miss 100% of the shots we don't take
  • #349
  • Aug 13, 2014 1:18am Aug 13, 2014 1:18am
Killed the GU for - 80 pips. Was not according to the rules anyway.Happy with a small loss

My report not as pretty as Davits but working on it

Big drop in the beginning was the gold and silver mistake
Attached Image (click to enlarge)
Click to Enlarge Name: Report 13 08 02014.png Size: 22 KB
We miss 100% of the shots we don't take
  • #350
  • Aug 13, 2014 1:26am Aug 13, 2014 1:26am
Quoting Rooi
Killed the GU for - 80 pips. Was not according to the rules anyway.Happy with a small loss My report not as pretty as Davits but working on it Big drop in the beginning was the gold and silver mistake {image}
You are up and doing a good job.Plenty of time left on August. I took a $450 loss on GU last month.Fine with it.Taking a loss is part of trading.Don't get emotional about money.
Its just number game +/- and net
In trading, you have to be defensive and aggressive at the same time
  • #351
  • Aug 13, 2014 1:32am Aug 13, 2014 1:32am
Quoting Davit
{quote} You are up and doing a good job.Plenty of time left on August. I took a $450 loss on GU last month.Fine with it.Taking a loss is part of trading.Don't get emotional about money. Its just number game +/- and net

I agree.If all goes well then I will throw some real money at it in Jan 2015 . First sorting out all the little things I dont understand about it all.

Thanks for sharing this great system
We miss 100% of the shots we don't take
  • #352
  • Aug 13, 2014 1:48am Aug 13, 2014 1:48am
Quoting Rooi
{quote} I agree.If all goes well then I will throw some real money at it in Jan 2015 . First sorting out all the little things I dont understand about it all. Thanks for sharing this great system
Just curious were you buying GU or Selling
Thks for complement in the end we trade ourselves.What you put into it (books I posted) system nuances you'll gain confidence that you can make consistent money in trading.
Does take time.REgards
In trading, you have to be defensive and aggressive at the same time
  • #353
  • Aug 13, 2014 1:53am Aug 13, 2014 1:53am
Quoting Davit
{quote} Just curious were you buying GU or Selling

Buying - Was really the wrong time for buying or selling where I entered. Was completely wrong about it.

Here is is on a 1 hour TF which I took the first two trades on then I re-read your first post and saw only the daily

PS- First two trades would have worked if I took the profit but was greedy and early
Attached Image (click to enlarge)
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We miss 100% of the shots we don't take
  • #354
  • Aug 13, 2014 2:06am Aug 13, 2014 2:06am
AJ waisted a lot of steam to get there, and rsi also left a lower low promise at the lows, any type of divergence at this point could turn it south...Soorry about the extra lines
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  • #355
  • Aug 13, 2014 2:08am Aug 13, 2014 2:08am
Quoting Rooi
{quote} Buying - Was really the wrong time for buying or selling where I entered. Was completely wrong about it. Here is is on a 1 hour TF PS- First two trades would have worked if I took the profit but was greedy and early {image}
You should of moved SL to BE minimum 1st trade but you let it come down and you turned a profit trade into a loser.
Its common and this is why I highly suggest reading "Trading in the Zone" and practice solid trading habits.Your biggest enemy is you not the market.Psychology of trading is critical specially how you view money.People who enter in trading "I just want to make loads of money" will fail mostly because they are too emotional about money.They will hang on to losers until account gets busted because taking a loss would be emotional giant pain.
Correct way is to love trading and focus making good entries and good trading habits.Money will come.
In trading, you have to be defensive and aggressive at the same time
  • #356
  • Aug 13, 2014 2:12am Aug 13, 2014 2:12am
Quoting Davit
{quote} You should of moved SL to BE minimum 1st trade but you let it come down and you turned a profit trade into a loser. Its common and this is why I highly suggest reading "Trading in the Zone" and practice solid trading habits.Your biggest enemy is you not the market.Psychology of trading is critical specially how you view money.People who enter in trading "I just want to make loads of money" will fail mostly because they are too emotional about money.They will hang on to losers until account gets busted because taking a loss would be...

I agree - I am currently re-reading it
We miss 100% of the shots we don't take
  • #357
  • Aug 13, 2014 2:22am Aug 13, 2014 2:22am
Quoting Hermes93
AJ waisted a lot of steam to get there, and rsi also left a lower low promise at the lows, any type of divergence at this point could turn it south...Soorry about the extra lines {image}
AJ is in a range. PA can go above 50 level to other side of BB
There is nothing to confirm shorting.I like to see RSI hooking down.At this point swing is up.
PA also can turn around and go south but if you take the trade and be profitable its gonna teach you wrong way of doing it and next time same situation comes up you might get your but whipped up.
I rather lose a trade correctly entered then lose a trade knowing it wrong entry to begin with.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #358
  • Aug 13, 2014 2:22am Aug 13, 2014 2:22am
Quoting Davit
{quote} AJ is in a range. PA can go above 50 level to other side of BB There is nothing to confirm shorting.I like to see RSI hooking down.At this point swing is up. {image}
I had AJ long
Neural Network Algorithm and Econophysics
  • #359
  • Aug 13, 2014 2:30am Aug 13, 2014 2:30am
Quoting Vigovski
{quote} I had AJ long
looks good.Lower TF are all pointing UP however I would watch it closely
In trading, you have to be defensive and aggressive at the same time
  • #360
  • Aug 13, 2014 2:42am Aug 13, 2014 2:42am
Quoting Davit
{quote} looks good.Lower TF are all pointing UP however I would watch it closely
here is my call's
http://www.forexfactory.com/showthre...33#post7670833
Neural Network Algorithm and Econophysics
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