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Davit's BB Wave System

  • #601
  • Aug 18, 2014 8:09am Aug 18, 2014 8:09am
hi Davit + every1
  • #602
  • Aug 18, 2014 8:13am Aug 18, 2014 8:13am
Quoting pips777
hi Davit + every1
Hi bro
I think I might of exited my EG prematurely
Ohh well another trade on the corner
Just wanted to add that system allowed me correct early entry signal on EG not 20pips after not 50pips after the move.
In trading, you have to be defensive and aggressive at the same time
  • #603
  • Aug 18, 2014 8:21am Aug 18, 2014 8:21am
Quoting Davit
{quote} Hi bro I think I might of exited my EG prematurely Ohh well another trade on the corner
=======
sumetin strange happened , when i used Pat's tpl , Green shades showinUp , i still did Not buy another lappy im so
used 2 this 1
  • #604
  • Aug 18, 2014 8:29am Aug 18, 2014 8:29am
Quoting Kmw
{quote} Hi Pat, grabbed it and compared it to Raghee's, looks the same to me other than a yellow added to the black (for want of a better name) sliders on the candles. If it's less of a resource hog then I'm all for it thanks I added a regression channel to Raghee's/Davit's version which gives me a better idea of trend. You will see I have a trade running demo on this pair I took on the basis of that indicator. It is telling me this pair's on the way down. I'm picking as the channel is indicating trend down the candles will fall to the bottom of...
BB is telling far more then regression channel ever could.
Its volatility indicator plus great divergence spotter.
Inserted Video

very informative video on BB at 10min mark pay real attention
In trading, you have to be defensive and aggressive at the same time
  • #605
  • Aug 18, 2014 8:34am Aug 18, 2014 8:34am
thanks davit, I'll look at that tomorrow, near midnight here and need to get to sleep, if i can resist watching those pips add up, currently +17 on the daily
"You know what needs to be addressed , completely completely reverse that".
  • #606
  • Aug 18, 2014 8:41am Aug 18, 2014 8:41am
Quoting Rooi
{quote} I will start adding back into my long from where the gap will close IF we get there
First Long on EU

Showing 1hr tf but is based on daily information
Attached Image (click to enlarge)
Click to Enlarge Name: 18 08 2014 T2.png Size: 117 KB
We miss 100% of the shots we don't take
  • #607
  • Aug 18, 2014 8:48am Aug 18, 2014 8:48am
Quoting Rooi
{quote} First Long on EU Showing 1hr tf but is based on daily information {image}
Its wrong entry friend
Daily is clearly pointing down
RSI WR% hooking down from 50 level

Guys this concept is critical 50 level rejection of RSI is significant
While you might get lucky trade going your way but that installs wrong way to see PA and next time you can find yourself in deep hole.
Just remember guys longing GU from 69 and kept longing and PA kept falling...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.Daily.png Size: 45 KB
In trading, you have to be defensive and aggressive at the same time
  • #608
  • Aug 18, 2014 8:57am Aug 18, 2014 8:57am
@Davit , is it ok 2 use this from Pat1 ?!?

Attached Files
http://assets.forexfactory.net/images/attach/ex4.gif DWave_v1.ex4 18 KB | 37 downloads
http://assets.forexfactory.net/images/attach/tpl.gif #dwave.tpl 10 KB | 29 downloads
  • #609
  • Aug 18, 2014 9:00am Aug 18, 2014 9:00am
Quoting pips777
@Davit , is it ok 2 use this from Pat ?!? Attached Files {image} DWave_v1.ex4 18 KB | 37 downloads {image} #dwave.tpl 10 KB | 29 downloads
Sure I am trading what works for me and you should the same.I see tremendous value of BB and drawing straight lines box like avoids huge aspect of BB bands function
This happens on every thread system generating hundreds of green pips and 50pages later it does not even resemble what it started with.
I have been trading like this for 8 months with 80% equity gain and there is no reason to change even if my cpu is working hard.
In trading, you have to be defensive and aggressive at the same time
  • #610
  • Aug 18, 2014 9:15am Aug 18, 2014 9:15am
Quoting Davit
{quote} Its wrong entry friend Daily is clearly pointing down RSI WR% hooking down from 50 level Guys this concept is critical 50 level rejection of RSI is significant While you might get lucky trade going your way but that installs wrong way to see PA and next time you can find yourself in deep hole. Just remember guys longing GU from 69 and kept longing and PA kept falling... {image}
Yes I see now.Will have to focus on it

Sorry about that
We miss 100% of the shots we don't take
  • #611
  • Aug 18, 2014 9:19am Aug 18, 2014 9:19am
ooh ok , i understand it better now " I have been trading like this for 8 months with 80% equity gain and there is no reason to change even if my cpu is working hard " my 1st language ist Dutch i dont Care abt da Green shades !
  • #612
  • Aug 18, 2014 9:26am Aug 18, 2014 9:26am
Quoting Rooi
{quote} Yes I see now.Will have to focus on it Sorry about that
No need to be sorry.You might have correct trade since EU is at previous strong support however I try to eliminate as much as possible wrong entries,human errors over long haul.
Success in trading is repeating same adds over series of trades and in this context I must approach every pair with same way.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #613
  • Aug 18, 2014 9:47am Aug 18, 2014 9:47am
Davit , Thodie has Nice profits already on 2day trades
http://screencast.com/t/WpfGWeVkIRX
  • #614
  • Aug 18, 2014 9:49am Aug 18, 2014 9:49am
Quoting Davit
{quote} No need to be sorry.You might have correct trade since EU is at previous strong support however I try to eliminate as much as possible wrong entries,human errors over long haul. Success in trading is repeating same adds over series of trades and in this context I must approach every pair with same way. Regards
I agree

Important to be as consistent as possible in what we choose to do repeatedly
We miss 100% of the shots we don't take
  • #615
  • Aug 18, 2014 9:51am Aug 18, 2014 9:51am
Quoting pips777
Davit , Thodie has Nice profits already on 2day trades http://screencast.com/t/WpfGWeVkIRX
great job
In trading, you have to be defensive and aggressive at the same time
  • #616
  • Edited 10:15am Aug 18, 2014 10:01am | Edited 10:15am
Davit uj ready 2 go short on it ?
http://screencast.com/t/CeGBfcsjV = usin ur TPL + http://assets.forexfactory.net/images/attach/ex4.gif DWave_v1.ex4

http://screencast.com/t/SW7kmcodJH
  • #617
  • Aug 18, 2014 10:09am Aug 18, 2014 10:09am
I have been kind of paying attention to volume privately of late so lets have fun with this

EU
Looking at 5min chart (volume Low TF is most important)
Biggest volume extreme are Red impulse dump.Then we get volume dry up on Bull side and now drops off all together.What is this telling there is no interest in buying Euro now.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.M5.png Size: 46 KB
In trading, you have to be defensive and aggressive at the same time
  • #618
  • Aug 18, 2014 10:22am Aug 18, 2014 10:22am
Quoting Davit
I have been kind of paying attention to volume privately of late so lets have fun with this EU Looking at 5min chart (volume Low TF is most important) Biggest volume extreme are Red impulse dump.Then we get volume dry up on Bull side and now drops off all together.What is this telling there is no interest in buying Euro now. {image}
=======
http://screencast.com/t/ST4JWFIind82
  • #619
  • Aug 18, 2014 10:45am Aug 18, 2014 10:45am
Quoting Davit
{quote} Hi Pat Thanks for your inputs.As far as this being new I already stated on my 1st page source where ideas came from so be default I didn't claim it was new furthermore hardly anything is new in trading.Everything is pretty much recycling old ideas.Difference is seeing the nuances of live market and practicing sound trading principles.Having said this I have not seen 2BB combination with WAVE before. Horner is using CCI and trades on lower time frame.I am using RSI with WR% and higher TF with 2 BB. Even Horner's wave is nothing new Vegas...
Hi Davit,

What I meant by nothing new here is not your system which is very effective but what I was about to post. I meant the indi in its original form is identical to your template(ShowBands=true). It just uses considerably less CPU cycles as I explained in the original post.

The yellow is just my choice of the down candle bar color . Go to properties and change the down candle color to Black to remove the yellow.

If Show Bands=false it removes the bands and replaces them with extreme levels.

What do those "boxes" show?. They are extreme points on the charts defined by your system, that is the rsi is <30 or Greater than 70, and
Wpr is <-80 or greater than -20 and the high or the low has crossed the upper BB or the lower BB respectively. The two sets of lines at the top represent the PA crossing of the BBs (solid line Dev=3 & Dotted Dev=2) while RSI and WPR are in extreme overbought zones. These are the high probability resistance levels as defined by your analysis. There is good probability the trend will reverse for a few days which the hooking of the RSI and WPR indicate to you. Vice versa for supports.

You will also notice that the extreme levels match previously established levels giving you a high probability of reversal.

BB levels tell you that the price, assuming gaussian in nature( Bell Curve) ,will stay 67% of the time between dev= 2 bands and 99% within the dev= 3 bands. So they too indicate a type of extreme level.

When a level shows up in the area of the PA , it's an alert that extreme level conditions have been met. If Solid Dev3 and Dev 2. If dotted Dev 2 only.

Those who use CCI use the crossing of the + - 100 levels similar to rsi crossing 70 30 from above and below. CCi is just an EMA in a horizontal form.

Similarly the 34 EMA that raghee uses, the crossing of the mid line usually coincides with RSI 14 crossing the 50 line. When you mention that the the Rsi is bouncing from the 50 level, the pa would be doing the same with the Raghee Ribbon.

Hope this answers some questions raised here and proves beneficial in your trading.


Cheers

Pat
  • #620
  • Aug 18, 2014 10:55am Aug 18, 2014 10:55am
Quoting Pat1
{quote} Hi Davit, What I meant by nothing new here is not your system which is very effective but what I was about to post. I meant the indi in its original form is identical to your template(ShowBands=true). It just uses considerably less CPU cycles as I explained in the original post. The yellow is just my choice of the down candle bar color . Go to properties and change the down candle color to Black to remove the yellow. If Show Bands=false it removes the bands and replaces them wil extreme levels as s What do those "boxes" show?. They are extreme...
Thanks Pat for explanation
I am assuming you codded the indicator yourself if yes great job.I am very impressed.
Your understanding what I am doing is great as well.Stick around friend and fire away.I am biased towards RSI.Played with CCI and I was never happy with it.
REgards

Just changed my template with your indicator with BB on
In trading, you have to be defensive and aggressive at the same time
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