Davit's BB Wave System

Quoting thodie

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{quote} Congrats Davit, great system! have coded the countertrend basic trigger logic with your given levels, just to get an idea and tested it on USD/JPY from 1.1.14 as you already noticed it would probably fail during heavy fundamental trends. The only change was a forced exit at the EMA34. modeling quality of the backtest isn´t good with 51% but i would give a damn about ticks on a daily TF {image} {image}

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Quoting albchr

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{quote}

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Quoting thodie

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{quote} Congrats Davit, great system! have coded the countertrend basic trigger logic with your given levels, just to get an idea and tested it on USD/JPY from 1.1.14 as you already noticed it would probably fail during heavy fundamental trends. The only change was a forced exit at the EMA34. modeling quality of the backtest isn´t good with 51% but i would give a damn about ticks on a daily TF {image} {image}

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Quoting cariddi74

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Hi Davit. My first possible BBwave counterswing trade... is it AU long at the end of the day (if not moves up too much during this last few hours), a good choice in your opinion? Or just countertrend trade not triggered cause price already above the grey low BB band now that stoch pop up from hot low zone? (price no more inside the two low bands grey and aqua, and also already touched the low band of the price channel). Hoping the question is not so dumb..just started to take confidence with this system.. {image}

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Quoting KADC

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Though I haven't used your system to initiate any actual trade yet so consider this as me just thinking out loud here, a visual backtesting of your system across nine pairs and gold suggests certain pairs have more definitive signals on the 8-hour chart or the weekly than the daily which I suspect reflects the degree of individual currency volatility and I wonder if a percentage change or volatility study could automate shifting up or down from the daily timescale to get the best trigger readings.

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Quoting Davit

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Watching AJ still some room up Actually regret missing this when it was 94 Going long on AJ with positive swap would of been ideal. {image}

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Quoting Davit

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Watching AJ still some room up Actually regret missing this when it was 94 Going long on AJ with positive swap would of been ideal. {image}

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Quoting Davit

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{quote} Since you posted AU has been gaining Are you still on this trade?

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Quoting Vigovski

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{quote} Hello davit i see 15 pips room there for go included spreads (touching the yellow line ). After 15-20 pips please watch a power and don't fight with reversal signals for friday, Maybe next week it can go up but today we can see some corrections {image}

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Quoting Davit

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{quote} Thanks Roma for feedback.According to me system rules its early to CT RSI WR% not in OB and price not in my BB zone. Check this out I was thinking why EU stopped dead on 3360 area then found this Weekly 50% and B point on harmonic pattern on left 2013 I am inclined to go long but not pulled the trigger yet {image}

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Quoting Vigovski

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{quote} This is very good opportunity for going long this is my monthly breakout and very powerful one Price supported exactly from %25 line before breakout red one, Trend indi loosing power with adx.. and two doji's i see in daily. This is very good opportunity to build longs on dips. Just my two cents, And today we will see some daily breakout for longs probably. {image}

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Quoting Davit

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{quote} Only reason I am hesitant are fundamentals. There is talk about Draghi pulling a QE Nothing is performing well on EZ.Low inflation.high unemployment,Italy falling apart,Germany under performing. Enough reasons to make me pause supporting Euro now. There was an attempt for 34 but quickly got killed even under negative unemployment news day.

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