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Davit's BB Wave System

  • #421
  • Aug 14, 2014 6:57am Aug 14, 2014 6:57am
Aug 14, 12:30http://widgets.myfxbook.com/images/countries/us.png Initial Jobless Claimshttp://widgets.myfxbook.com/images/high.impact.png289.00K = 0830 AM EDT [NY time]
  • #422
  • Aug 14, 2014 7:25am Aug 14, 2014 7:25am
Closed EG -14pips
one of those that did not work out.
Random distribution of wins and losses
In trading, you have to be defensive and aggressive at the same time
  • #423
  • Aug 14, 2014 7:27am Aug 14, 2014 7:27am
Quoting pips777
Aug 14, 12:30{image} Initial Jobless Claims{image}289.00K = 0830 AM EDT [NY time]
Waiting for it.Could push UJ down further if nagative
In trading, you have to be defensive and aggressive at the same time
  • #424
  • Aug 14, 2014 7:34am Aug 14, 2014 7:34am
USD took a lil Dive = http://screencast.com/t/garzqbbzOh
  • #425
  • Aug 14, 2014 7:49am Aug 14, 2014 7:49am
Davit still did Not buy another scorpion[laptop] = http://screencast.com/t/hHu0zp4r = alreadeee a bit in Green atm
  • #426
  • Aug 14, 2014 7:57am Aug 14, 2014 7:57am
http://screencast.com/t/0kYug8iPV
  • #427
  • Aug 14, 2014 8:26am Aug 14, 2014 8:26am
Quoting pips777
Davit still did Not buy another scorpion[laptop] = http://screencast.com/t/hHu0zp4r = alreadeee a bit in Green atm
I should of....
Good job
In trading, you have to be defensive and aggressive at the same time
  • #428
  • Aug 14, 2014 8:28am Aug 14, 2014 8:28am
Closed EJ -3710-40pips
In trading, you have to be defensive and aggressive at the same time
  • #429
  • Aug 14, 2014 8:35am Aug 14, 2014 8:35am
Closed ALL my UJ shorts
-80pips

This should scare lot of folks here
Well guys after hitting over 1700pips took some red.Its part of it.
Random distribution of wins and losses.Not emotional about it.Not upset.Feel normal actually.I never claimed I am going to nail every trade 100% nobody can claim that.

flat now.
Going to sleep now for fresh eyes.
In trading, you have to be defensive and aggressive at the same time
  • #430
  • Aug 14, 2014 8:41am Aug 14, 2014 8:41am
Quoting Davit
Closed ALL my UJ shorts -80pips This should scare lot of folks here Well guys after hitting over 1700pips took some red.Its part of it. Random distribution of wins and losses.
=======
givin back sume $$$ 2 da fx_Monster huh , i'll run with 17 pips$ profits$$ tho = chart looks 2 Nice imho
  • #431
  • Aug 14, 2014 8:50am Aug 14, 2014 8:50am
Dear All,

What do you think about below opportunity?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 181 KB

I am planning to enter LONG in it.
Azfar
  • #432
  • Aug 14, 2014 9:27am Aug 14, 2014 9:27am
Quoting azfarjaved
Dear All, What do you think about below opportunity?{image} I am planning to enter LONG in it. Azfar
I wouldn't, rather a good chance to short EU atm for 50-60 pips, EC will take lot of time to move up even if it does go up.
  • #433
  • Edited 12:02pm Aug 14, 2014 9:30am | Edited 12:02pm
  •  KADC
  • Joined Apr 2012 | Status: Be unreasonable. | 897 Posts | Online Now
Quoting Davit
Closed EG -14pips one of those that did not work out. Random distribution of wins and losses
It's at the resistance from the end of June now (0.80350) and short-term RSI is oversold so this might be a better level for you to short from. I've got low confidence for the long term, but from a swing perspective with the drop the Pound took and using just Fib and RSI I'd say a retest of 0.80 within a couple of days is reasonable. 2nd estimate GDP is the only upcoming data that should affect this pair until next week so there shouldn't be any surprise movement. A short entry back at 0.8035, stop at 0.8040 and target 0.8000 gives a 7:1 reward to risk ratio.

However, I'm in the middle of reviewing tech stocks and deciding whether or not I want to put a high-yield dividend player I dumped in spring back in the portfolio so I haven't placed this order personally yet but I probably will.

Update: EUR/GBP dropped faster than expected. I regret not placing an order -- the stocks could have waited.
You can always make money tomorrow provided you don't lose it today.
  • #434
  • Aug 14, 2014 9:46am Aug 14, 2014 9:46am
  •  KADC
  • Joined Apr 2012 | Status: Be unreasonable. | 897 Posts | Online Now
Quoting azfarjaved
Dear All, What do you think about below opportunity?{image} I am planning to enter LONG in it. Azfar
The Swiss bank won't act until it gets to 1.2 but it might be worth taking a poke at a long from just a bit further down at 1.21 and hope for a similar reaction to 1.21 as there was at the beginning of March. Otherwise this pair can be an excruciatingly slow mover that you don't want to have your capital tied up in.
You can always make money tomorrow provided you don't lose it today.
  • #435
  • Aug 14, 2014 9:51am Aug 14, 2014 9:51am
Quoting Davit
{quote} Cube thanks very much for feedback I must respond to my system signal After 1700pips so far this month I feel its my trusted friend (system) Having said this your comment reminded me what Mark Douglas said in "Trading in the Zone" 3. There is a random distribution between wins and losses for any given set of variables that define an edge. If every loss puts you that much closer to a win, you will be looking forward to the next occurrence of your edge, ready and waiting to jump in without the slightest reservation or hesitation. On the other...

Thank's for your answer, Davit!
Best wishes from Switzerland!
FXcube
  • #436
  • Aug 14, 2014 11:58am Aug 14, 2014 11:58am
  •  KADC
  • Joined Apr 2012 | Status: Be unreasonable. | 897 Posts | Online Now
Quoting Davit
{quote} 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
What is your Bollinger Band default? Of the two charting systems I use, one defaults to 20 SMA and the other defaults to 9 EMA.
You can always make money tomorrow provided you don't lose it today.
  • #437
  • Edited 12:26pm Aug 14, 2014 12:10pm | Edited 12:26pm
EJ short is forming up in case RSI will be rejected at 50 and hooking down. In your earlier screenshot I saw hook down at 50 level but my broker didn't show it.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYDaily.png Size: 44 KB
  • #438
  • Aug 14, 2014 12:16pm Aug 14, 2014 12:16pm
Quoting KADC
{quote} What is your Bollinger Band default? Of the two charting systems I use, one defaults to 20 SMA and the other defaults to 9 EMA.
20
You can choose none color to make it not show since we use 34EMA
In trading, you have to be defensive and aggressive at the same time
  • #439
  • Aug 14, 2014 12:21pm Aug 14, 2014 12:21pm
Quoting Forexcube
{quote} Thank's for your answer, Davit! Best wishes from Switzerland! FXcube
Cube your comments always welcome.
It did turn out a winner.
In trading, you have to be defensive and aggressive at the same time
  • #440
  • Aug 14, 2014 12:22pm Aug 14, 2014 12:22pm
GA forming up CT
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily1.png Size: 54 KB
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