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Davit's BB Wave System

  • #381
  • Aug 13, 2014 12:24pm Aug 13, 2014 12:24pm
Quoting Davit
{quote} For CT generally no but for going with the trend 1h 4h D fine. Reason I don't like CT on lower TF because move that looks exhausted on 1h isn't on h4 and same for daily. Perfect example AJ looked great to short at 9510 H1 but kept going higher now its 9530.On my daily chart RSI pierced 50 level suggesting further bull gains. You see I just saved money by not taking a loser. Going with the trend is different.You are "continuing" what has been established already
=======
thanks ! ----- u still holdin ur uj trades also ?
  • #382
  • Aug 13, 2014 12:28pm Aug 13, 2014 12:28pm
Quoting pips777
{quote} ======= thanks ! ----- u still holdin ur uj trades also ?
Yes but watching carefully
What looked very good at the time now not so.
Part of trading.Can't always pick winners
In trading, you have to be defensive and aggressive at the same time
  • #383
  • Aug 13, 2014 12:34pm Aug 13, 2014 12:34pm
Picture and text was from sport dept of Ohio university
Surprised?
In trading, you have to be defensive and aggressive at the same time
  • #384
  • Aug 13, 2014 12:38pm Aug 13, 2014 12:38pm
Quoting Davit
{quote} Yes but watching carefully What looked very good at the time now not so. Part of trading.Can't always pick winners
=======
u sumetimes do hedgin or dont like it ?
  • #385
  • Aug 13, 2014 12:48pm Aug 13, 2014 12:48pm
Quoting pips777
{quote} ======= u sumetimes do hedgin or dont like it ?
Never hedged but can't anyway because of US regulations.
Works on pairs that go into a range but if it trends strongly then you are just collecting DD from one end not sure if it ever will come down level you hedged..
My thinking is simple.Either your timing and entry is correct or not.
In trading, you have to be defensive and aggressive at the same time
  • #386
  • Aug 13, 2014 12:52pm Aug 13, 2014 12:52pm
By the way I noticed you are trading multiple different systems including mine.
You know the saying

"Jack of all trades, master of none"
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no no , i was just Xperimentin , nuttin can beat BB+harmonic patt 4sure !
  • #387
  • Aug 13, 2014 1:40pm Aug 13, 2014 1:40pm
EG short placed SL 0.8033

I think EUR is falling and it should take this pair down too, also GBP is in for a little strengthening after tumbling down.

Main reason being German and French GDP tomorrow and it might take EUR lower. am out for today
  • #388
  • Edited 2:36pm Aug 13, 2014 1:44pm | Edited 2:36pm
Quoting abhijityad
EG short placed SL 0.8033 I think EUR is falling and it should take this pair down too, also GBP is in for a little strengthening after tumbling down. Main reason being German and French GDP tomorrow and it might take EUR lower. am out for today
Joining you
EG short
2x 8011

Only difference is your SL is another short for me.I complement your thought process.Keep it up
Edit
added 2 more shorts on EG
2x 8006
In trading, you have to be defensive and aggressive at the same time
  • #389
  • Aug 13, 2014 2:09pm Aug 13, 2014 2:09pm
Closed all my UC shorts at 14
+126pips
In trading, you have to be defensive and aggressive at the same time
  • #390
  • Aug 13, 2014 2:39pm Aug 13, 2014 2:39pm
Quoting Davit
Closed all my UC shorts at 14 +126pips
=======
congrats$ , abt half Aug. and u must hav already more then 1000 pippies
  • #391
  • Aug 13, 2014 2:58pm Aug 13, 2014 2:58pm
Quoting pips777
{quote} ======= congrats$ , abt half Aug. and u must hav already more then 1000 pippies
Exact tally 1706 pips
thks Pips777 you are doing good yourself
In trading, you have to be defensive and aggressive at the same time
  • #392
  • Aug 13, 2014 3:05pm Aug 13, 2014 3:05pm
Quoting Davit
{quote} Exact tally 1706 pips
=======
fingerLickin good m8 --- 1706 x5 = US$8,530.-
  • #393
  • Aug 13, 2014 5:16pm Aug 13, 2014 5:16pm
Hello Davit,
First i want to thank you for inspiring me and so many others. I like your method, your book recommendations. I have been following this thread now for some time and most of my demo account trades were closed in profits and only today i went on real account and there are some trades i would appreciate your comment... is it too early to go on long or should i wait for the hook?
Many thanks in advance.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPJPYDaily.png Size: 46 KB
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Click to Enlarge Name: GBPAUDDaily.png Size: 48 KB
  • #394
  • Aug 13, 2014 9:09pm Aug 13, 2014 9:09pm
Quoting fx_bird
Hello Davit, First i want to thank you for inspiring me and so many others. I like your method, your book recommendations. I have been following this thread now for some time and most of my demo account trades were closed in profits and only today i went on real account and there are some trades i would appreciate your comment... is it too early to go on long or should i wait for the hook? Many thanks in advance. {image} {image} {image} {image}
Hi FX
Glad that I could be any use and generally I had no need to start this thread if it were not guys like you.

All GU pairs are in a limbo. Better to wait a little to get a confirmation that correction is taking place then be early and collect DD
One advise if I may. If you are new trading specially live account GN GJ GA are beasts to trade.Look at those daily ADR's they are almost double that of GU.
I rarely touch those.I rather trade a pair which has 50-60ADR .Making a mistake there is relatively painless but making a mistake on GN could cost you 150pip.
Having said this its up to you I can only share from many traders experience and mine.
Regards
316 pip drop on GN in 1 day!!!

I am already long on G/CHF through shorting EG which is flip side of G/CHF (CHF is -99 correlation with Euro)
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #395
  • Aug 13, 2014 9:35pm Aug 13, 2014 9:35pm
Watching AN for shorts
Somehow I missed this beautiful harmonic
Notice how price stopped on a dime on 1200fib
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AUDNZD.Daily3.png Size: 49 KB
In trading, you have to be defensive and aggressive at the same time
  • #396
  • Aug 13, 2014 9:45pm Aug 13, 2014 9:45pm
Short
AN 980 2x

Taking a chance here since RSI WR% pointing down little late to the party but plenty of room on downside
In trading, you have to be defensive and aggressive at the same time
  • #397
  • Aug 13, 2014 9:55pm Aug 13, 2014 9:55pm
Watching AJ for shorts
Waiting for signs of weakness.It pretty much stopped climbing
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY.Daily.png Size: 40 KB
In trading, you have to be defensive and aggressive at the same time
  • #398
  • Aug 13, 2014 10:00pm Aug 13, 2014 10:00pm
I will load few more shorts on EG should it break 80
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.M15.png Size: 35 KB
In trading, you have to be defensive and aggressive at the same time
  • #399
  • Aug 13, 2014 10:03pm Aug 13, 2014 10:03pm
Waiting confirmation to short EJ
Still at 50 level need RSI to hook down
Its psychological whole number not easy to break
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.Daily.png Size: 47 KB
In trading, you have to be defensive and aggressive at the same time
  • #400
  • Edited Aug 14, 2014 12:18am Aug 13, 2014 11:06pm | Edited Aug 14, 2014 12:18am
Quoting Davit
Disclaimer Trading is risky and you are responsible for losses and gains. Hi Guys Decided to share how I trade.Few things about me.I was a degenerate sport gambler for 5years betting from collage hoops,football,baseball mostly.I would be up one week in thousands and be down next week in thousands.Had no real understanding of % wagered vs account size until I lost all my money.Stopped completely.As faith would have it I somehow end up trading forex.Made all the rookie mistakes blown few accounts and my 3rd year finally started to make money. Before...
hi davit thanx for sharing - i loaded your template (love the visual) but no BBs appear, so will add them- what bb setting should I use. Im guessing 20@2sd and 20@3sd thanx
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