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Davit's BB Wave System

  • #561
  • Aug 17, 2014 10:53am Aug 17, 2014 10:53am
Quoting renegade
Thanks for sharing a cool system. Easy to scan all pairs. CADJPY is testing 50 with pinbar! {image}
Hi R
I am an artist and to me simplicity and efficiency is most important.I refrain from adding lots of indies because with each indicator you are adding one more variable and to me that does not necessarily add more edge.It could add more decision paralyses
Cad/JPY indeed is showing opertunity on short side with RSI WR% pointing down.We will wait to see how it moves on open.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #562
  • Aug 17, 2014 11:01am Aug 17, 2014 11:01am
Quoting shaan
USDCAD Daily RSI bouncing off 50 and %WR coming from 20 and turned upwards. Also next to 38 fib retracement and touching 34 MA. {image}
Hi Shaan
I went through week analyses page back.I am long bias on UC
regards
In trading, you have to be defensive and aggressive at the same time
  • #563
  • Aug 17, 2014 11:04am Aug 17, 2014 11:04am
Quoting shaan
Although GBPJPY is in downtrend mode the following chart points to a retracement {image}
I don't trade this pair in general but looks pretty poised to go down further.
In trading, you have to be defensive and aggressive at the same time
  • #564
  • Aug 17, 2014 11:07am Aug 17, 2014 11:07am
Quoting Mr. Scott
{quote} Hi Davit, Was just pulling some fibs on larger tf when I came across your post. {image} {image}
it could very well be paradigm shift on GU after months and months of bull drive
regards
In trading, you have to be defensive and aggressive at the same time
  • #565
  • Aug 17, 2014 12:00pm Aug 17, 2014 12:00pm
Just want share one of traders explorer here for what NOT to do

Please guys if your trades don't work out then get out but don't keep adding to losing position without a clue.There is such a thing called trend reversal.
Looks like GU has huge army of traders in massive DD all expected 1.70-74 soon.
Maybe but we could also see 1.60-1.58 as well.
Total rookie way to trade.

Notice that my system clearly defines parameters to have the edge on our side.Nothing is assumed.
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #566
  • Aug 17, 2014 12:50pm Aug 17, 2014 12:50pm
GU has been ranging on Monthly TF for quit some time. This may only be the beginning of another nice Bear run to bottom. If so seems to be a lot of trapped bulls. Time will tell. Just my 2 cents.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 61 KB
  • #567
  • Aug 17, 2014 1:13pm Aug 17, 2014 1:13pm
You have great paintings on your website...RgdsKyurem
Quoting Davit
{quote} Hi R I am an artist and to me simplicity and efficiency is most important.I refrain from adding lots of indies because with each indicator you are adding one more variable and to me that does not necessarily add more edge.It could add more decision paralyses Cad/JPY indeed is showing opertunity on short side with RSI WR% pointing down.We will wait to see how it moves on open. Regards
  • #568
  • Aug 17, 2014 11:35pm Aug 17, 2014 11:35pm
Quoting Davit
Just want share one of traders explorer here for what NOT to do Please guys if your trades don't work out then get out but don't keep adding to losing position without a clue.There is such a thing called trend reversal. Looks like GU has huge army of traders in massive DD all expected 1.70-74 soon. Maybe but we could also see 1.60-1.58 as well. Total rookie way to trade. Notice that my system clearly defines parameters to have the edge on our side.Nothing is assumed. {image}

Jip

Too much too quickly
We miss 100% of the shots we don't take
  • #569
  • Aug 17, 2014 11:42pm Aug 17, 2014 11:42pm
Morning all

Flattend 2/3rds of my GU from last week for a profit.Still have one open position thats up about 50pips.Will see how we react at the 50 line ofr the W%
and RSI
Attached Image (click to enlarge)
Click to Enlarge Name: 18 08 2014 T1.png Size: 121 KB



Long GBP/NZD from from last week.Im very Bullish on this pair as GBP looking solid and NZD coming of it highs and rate cuts are in the works.
Will add from lower but not too much

Account back at watermark high now.
Attached Image (click to enlarge)
Click to Enlarge Name: report 18 08 2014.png Size: 27 KB


Good luck and happy pipping for the week

Rooi
We miss 100% of the shots we don't take
  • #570
  • Aug 18, 2014 12:32am Aug 18, 2014 12:32am
Quoting Rooi
Morning all Flattend 2/3rds of my GU from last week for a profit.Still have one open position thats up about 50pips.Will see how we react at the 50 line ofr the W% and RSI {image} Long GBP/NZD from from last week.Im very Bullish on this pair as GBP looking solid and NZD coming of it highs and rate cuts are in the works. Will add from lower but not too much Account back at watermark high now. {image} Good luck and happy pipping for the week Rooi
Keep building that equity
In trading, you have to be defensive and aggressive at the same time
  • #571
  • Aug 18, 2014 12:34am Aug 18, 2014 12:34am
High Guys
Not much going on but watching UJ
It's at critical junction either push north or drop below 102.30
When its not much going on prefer no action then force a trade.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.Daily.png Size: 58 KB
In trading, you have to be defensive and aggressive at the same time
  • #572
  • Aug 18, 2014 12:37am Aug 18, 2014 12:37am
Quoting kyurem
You have great paintings on your website...RgdsKyurem{quote}
thanks for checking out
In trading, you have to be defensive and aggressive at the same time
  • #573
  • Aug 18, 2014 12:39am Aug 18, 2014 12:39am
Quoting Davit
{quote} Keep building that equity
Will do and the same to your Sir
We miss 100% of the shots we don't take
  • #574
  • Aug 18, 2014 12:42am Aug 18, 2014 12:42am
EU is running out of steam
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.Daily.png Size: 41 KB
In trading, you have to be defensive and aggressive at the same time
  • #575
  • Aug 18, 2014 12:43am Aug 18, 2014 12:43am
Quoting Rooi
{quote} Will do and the same to your Sir
your GU is starting to show some life
In trading, you have to be defensive and aggressive at the same time
  • #576
  • Edited 1:05am Aug 18, 2014 12:49am | Edited 1:05am
short EG 8003 2x
Pound is starting to get stronger and this could sent EG back 100+pips
RSI and WR% pointing down plenty of room to 50 level
Edit added 2more at 8005
4orders total
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.Daily.png Size: 43 KB
In trading, you have to be defensive and aggressive at the same time
  • #577
  • Aug 18, 2014 12:51am Aug 18, 2014 12:51am
much more obvious on H1
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.H1.png Size: 43 KB
In trading, you have to be defensive and aggressive at the same time
  • #578
  • Aug 18, 2014 1:09am Aug 18, 2014 1:09am
EJ stuck at 37.07
Once London opens like to see short burst up then dump.
In trading, you have to be defensive and aggressive at the same time
  • #579
  • Aug 18, 2014 1:09am Aug 18, 2014 1:09am
Well that's confirming for me, I'm already in EG short. First trade this method (demo)and don't ask me what I'm doing cause I still don't know much which is why the demo and 0.01 lot
"You know what needs to be addressed , completely completely reverse that".
  • #580
  • Aug 18, 2014 1:17am Aug 18, 2014 1:17am
Quoting Kmw
Well that's confirming for me, I'm already in EG short. First trade this method (demo)and don't ask me what I'm doing cause I still don't know much which is why the demo and 0.01 lot
You must also realize any trade irregardless of system, method is just basic probability.
This takes the stress out of trying to be correct all the time.My signals tells me to sell however Bank of Japan can unload 10million order next 10 min buying the Euro.
There is always that X factor
In trading, you have to be defensive and aggressive at the same time
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