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Davit's BB Wave System

  • #481
  • Aug 15, 2014 4:38am Aug 15, 2014 4:38am
Davit would B happier when u dudes post [make this Thread Very Active] N not only Lurk lol
  • #482
  • Aug 15, 2014 4:45am Aug 15, 2014 4:45am
a Bad puppeee from yday = http://screencast.com/t/XWX86ncMNZNJ = http://screencast.com/t/SlLgMjf1SWzM =

can't Win them all i guess$
  • #483
  • Aug 15, 2014 6:04am Aug 15, 2014 6:04am
Quoting Davit
{quote} Hi Thodie Impressive results 5 wins zero loss.I guess I must of stumbled something worthwhile. Thanks for your efforts
you are way too humble my friend
this night iŽll work on the trend continuation setup, what i need to know how do you exit on the 4h base?

EMA on Daily, 4h,1h in snyc at the trade direction.
Buy Entry: previos candle -closed as green one, and price is above the higher EMA, SL could be the center EMA, TP fixed could be the lower BB with dev3, or a TS?
And vv for short.

any suggestions?

regards thodie
just do it
  • #484
  • Edited 6:38am Aug 15, 2014 6:21am | Edited 6:38am
Quoting thodie
{quote} you are way too humble my friend this night iŽll work on the trend continuation setup, what i need to know how do you exit on the 4h base? EMA on Daily, 4h,1h in snyc at the trade direction. Buy Entry: previos candle -closed as green one, and price is above the higher EMA, SL could be the center EMA, TP fixed could be the lower BB with dev3, or a TS? And vv for short. any suggestions? regards thodie
=======
i know da answers , but i leave it over 2 Davit[ his Splendid Thread] = well anyways Most if Not all answers R a few pages back , just take da Time 2 Read it

its onleee 25 pages
  • #485
  • Aug 15, 2014 6:30am Aug 15, 2014 6:30am
i wonder whats da use of trade xplorer when Most of it is Locked anyways
  • #486
  • Edited 6:56am Aug 15, 2014 6:36am | Edited 6:56am
I have been trying H4 tf with same entries as Daily today. The entries have been good, but not sure about the exits, i have just closed keeping an eye with some +pips.

I also recommend to take the time to read 'Davit's Philosophy'. It is short, just one evening read
"A person with good self-discipline but poor trading method will outperform a person with poor self-discipline but the best trading method currently available."
  • #487
  • Aug 15, 2014 6:59am Aug 15, 2014 6:59am
hi Anna , made sume $$$ this week
  • #488
  • Aug 15, 2014 7:33am Aug 15, 2014 7:33am
Quoting thodie
{quote} you are way too humble my friend this night iŽll work on the trend continuation setup, what i need to know how do you exit on the 4h base? EMA on Daily, 4h,1h in snyc at the trade direction. Buy Entry: previos candle -closed as green one, and price is above the higher EMA, SL could be the center EMA, TP fixed could be the lower BB with dev3, or a TS? And vv for short. any suggestions? regards thodie
Hi THodie
Idea is having 3 Time frames going in same direction since moves starts from lower TF.
I'll post examples
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSD.H1.png Size: 53 KB
Click to Enlarge Name: NZDUSD.H4.png Size: 48 KB
Click to Enlarge Name: NZDUSD.Daily.png Size: 57 KB
In trading, you have to be defensive and aggressive at the same time
  • #489
  • Aug 15, 2014 7:40am Aug 15, 2014 7:40am
Im closing Up for the week

I leave you with my summary and my trade P/L window for the week

Went well over all.

Could have gone better but will have a go at it next week.Just increasing confidence

Wish Davit and all a great weekend.Certainly learning a lot

Rooi
Attached Image(s) (click to enlarge)
Click to Enlarge Name: summary 15 08 2014.png Size: 28 KB
Click to Enlarge Name: trade 15 08 2014.png Size: 114 KB
We miss 100% of the shots we don't take
  • #490
  • Aug 15, 2014 7:43am Aug 15, 2014 7:43am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.Daily.png Size: 53 KB

Notice I did not say anything about CT We are just waiting to get on "going with the trend"
Since both systems kind of complement each other CT trade could of taken When RSI WR% was hooking up from 30RSI -80WR%
System allows taking advantage from going with trend and CT. Discretionary part is what one wants to do.If pair is strongly trending then all we are looking is going with the trend until it exhaust itself and RSI WR% BB help locating exhaustion levels.

As A trader if I see very strong trend such as GU going down then I'll be looking to short on rallies or stay short until RSI WR% clearly suggest trend has reached exhaustion.
My choice would of been Short side hence going with trend.In this context I am not fighting it but trying to get on.
In trading, you have to be defensive and aggressive at the same time
  • #491
  • Aug 15, 2014 7:56am Aug 15, 2014 7:56am
Davit uj = $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

my hungry lil Kids will hav Tbone steak this wkEnd
  • #492
  • Aug 15, 2014 7:58am Aug 15, 2014 7:58am
Quoting Rooi
Im closing Up for the week I leave you with my summary and my trade P/L window for the week Went well over all. Could have gone better but will have a go at it next week.Just increasing confidence Wish Davit and all a great weekend.Certainly learning a lot Rooi {image} {image}
Rooi
Excellent work.I want to give you props for taking the loss on GU.In retrospect your entries going Long on GU was not confirmed hence the losing trade.
That is fine taking a loss guys.I take them all the time.It is statistically impossible to have no losing trade.
Success of the system or in trading is always about managing risk and profits take care of themselves.Professionals always think about risk amateurs on profits.
This is based on my experience and all the top traders featured on Wizards books.
In trading, you have to be defensive and aggressive at the same time
  • #493
  • Aug 15, 2014 8:01am Aug 15, 2014 8:01am
I had 6 orders short on EJ and getting in profit.
Kind of holding back posting all my live trades because of copy cats etc.

JPY is doing some strong dancing
In trading, you have to be defensive and aggressive at the same time
  • #494
  • Aug 15, 2014 8:09am Aug 15, 2014 8:09am
+140pips on Shorting EJ on 6positions
Exit at 3698

Still holding UJ shorts
In trading, you have to be defensive and aggressive at the same time
  • #495
  • Aug 15, 2014 8:10am Aug 15, 2014 8:10am
Kind of holding back posting all my live trades because of copy cats etc. = mebbe start a Skype_group m8
  • #496
  • Aug 15, 2014 8:11am Aug 15, 2014 8:11am
Quoting pips777
Davit uj = $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ my hungry lil Kids will hav Tbone steak this wkEnd
Lets see how far it will go
In trading, you have to be defensive and aggressive at the same time
  • #497
  • Aug 15, 2014 8:15am Aug 15, 2014 8:15am
Quoting Davit
{quote} Rooi Excellent work.I want to give you props for taking the loss on GU.In retrospect your entries going Long on GU was not confirmed hence the losing trade. That is fine taking a loss guys.I take them all the time.It is statistically impossible to have no losing trade. Success of the system or in trading is always about managing risk and profits take care of themselves.Professionals always think about risk amateurs on profits. This is based on my experience and all the top traders featured on Wizards books.
Will do.Thanks for the advice
We miss 100% of the shots we don't take
  • #498
  • Aug 15, 2014 8:16am Aug 15, 2014 8:16am
Quoting pips777
Kind of holding back posting all my live trades because of copy cats etc. = mebbe start a Skype_group m8
With my random schedule that's not doable.
What I prefer to happen good traders posting set ups and analyses and collectively we hammer trades.
Serendipity
In trading, you have to be defensive and aggressive at the same time
  • #499
  • Aug 15, 2014 8:19am Aug 15, 2014 8:19am
Quoting Rooi
{quote} Will do.Thanks for the advice
What you don't see lots of other system threads nobody posting losses as though every trade is a winner.I highlighted my losses in bold red to drill the point that its part of trading nothing to be ashamed,nothing about your intelligence, nothing about the system.
Its a simple probability.Accepting this is critical.
Mark Douglass talks incredibility eloquent about this in "Trading in the Zone"

"Random distribution of winners and losses"
love this.To me its incredibly uplifting.What this means taking a signal according to system has random distribution if its winner or loser.
Success is measured over series of trades say 500.As long as you keep losers small you will kick ass.
In trading, you have to be defensive and aggressive at the same time
  • #500
  • Aug 15, 2014 8:20am Aug 15, 2014 8:20am
Quoting Davit
{quote} Hi THodie Idea is having 3 Time frames going in same direction since moves starts from lower TF. I'll post examples {image} {image} {image}
thanks davit, will try to get this all into the logic
just do it
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