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Davit's BB Wave System

  • #621
  • Aug 18, 2014 5:56pm Aug 18, 2014 5:56pm
Anyone else been interested in NZDJPY short? Daily chart below, it looks as though it *should respect the Williams 50 zone. One position in and another waiting for a little more confirmation.
Screen clip below:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 55 KB




Davit, when you add positions do you just do it with your own discretion and price starts to go your way? or do you have a method to do it that you stick to? I really like the adding to wining positions philosophy just been trying to work out an effective way of doing it without increasing ones risk significantly...
  • #622
  • Aug 18, 2014 6:06pm Aug 18, 2014 6:06pm
Quoting Callum
Anyone else been interested in NZDJPY short? Daily chart below, it looks as though it *should respect the Williams 50 zone. One position in and another waiting for a little more confirmation. Screen clip below: {image} Davit, when you add positions do you just do it with your own discretion and price starts to go your way? or do you have a method to do it that you stick to? I really like the adding to wining positions philosophy just been trying to work out an effective way of doing it without increasing ones risk significantly...
Im in
YOUR MOTHERS ASS
  • #623
  • Aug 18, 2014 7:40pm Aug 18, 2014 7:40pm
Quoting santos23
{quote} Im in
Going well so far... Second position in the market and risk reduced on both for an acceptable risk level across the 2 positions.
  • #624
  • Aug 18, 2014 11:37pm Aug 18, 2014 11:37pm
Good Day all, I'am start short NU @0.8445 CMIIW...
Attached Image (click to enlarge)
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  • #625
  • Aug 19, 2014 12:27am Aug 19, 2014 12:27am
Quoting Rooi
{quote} First Long on EU Showing 1hr tf but is based on daily information {image}
After having another look at it yesterday I flattened out the EU long for 7 pips and closed the GU long this morning for 47 pips

Still holding the GBPNZD long for now - up about 130pip - not a text book trend continuation as the retrace is/was a bit deep.
Lets see what the news brings today

GL

Rooi
Attached Image (click to enlarge)
Click to Enlarge Name: 19 08 2014 T1.png Size: 118 KB
We miss 100% of the shots we don't take
  • #626
  • Aug 19, 2014 1:24am Aug 19, 2014 1:24am
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}
Guys look where EU is now.
System has solid perimeters for preventing unnecessary losses.I have shown a lot here and discussed a lot here but rest is up to you.
If you are looking for quick profit to millions system then there is none.Every profitable system requires understanding of price action and understanding risk management.
If you lack discipline,trigger happy,inpatient then trading is probably not for you.This requires mental training.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #627
  • Aug 19, 2014 1:34am Aug 19, 2014 1:34am
I will no longer place live signals here.Only closed trades.
Finding trades is not difficult based on my BB system.
You are required to take your own initiative in this regard..
Thank you
In trading, you have to be defensive and aggressive at the same time
  • #628
  • Aug 19, 2014 1:45am Aug 19, 2014 1:45am
Quoting Davit
I will no longer place live signals here.Only closed trades. Finding trades is not difficult based on my BB system. You are required to take your own initiative in this regard.. Thank you

Best thing that could ever happen.

People need to make their own calls.Its the only way you learn really.

Good luck and look forward to seeing your trades in the future

All the best

Rooi
We miss 100% of the shots we don't take
  • #629
  • Aug 19, 2014 2:08am Aug 19, 2014 2:08am
Quoting Davit
I will no longer place live signals here.Only closed trades. Finding trades is not difficult based on my BB system. You are required to take your own initiative in this regard.. Thank you
Good thing too Davit, I would like to see your charts after the trades are done if that is possible - with the trade being marked for learning purposes - I mean just by dragging the trade to the chart so it draws the line from open to close... Personally if you post live signals and I am not already looking at getting in I don't take the trade - as your opinion has influenced mine by that time and I don't wish to trade someone else's opinion for a minute...

Loving the system btw, I have been evaluating a few methods in the last little while as I have been struggling to settle on a style, but this is my focus now, no more 5 minute charts! If it all goes to plan I will be posting positive results as well soon enough

Cheers mate
  • #630
  • Edited 4:22am Aug 19, 2014 3:47am | Edited 4:22am
Quoting Pat1
{quote} 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...
Thanks Pat, as you know I wondered about those "boxes", will go study on them now


Have been back to the original posts (yours and mine) as well and saw your second chart with those boxes, oops made me feel duh as I hadn't looked properly at it. But still the explanation was needed by me, thanks again
&amp;quot;You know what needs to be addressed , completely completely reverse that&amp;quot;.
  • #631
  • Aug 19, 2014 6:28pm Aug 19, 2014 6:28pm
Quoting Davit
I will no longer place live signals here.Only closed trades. Finding trades is not difficult based on my BB system. You are required to take your own initiative in this regard.. Thank you
  • #632
  • Aug 19, 2014 11:28pm Aug 19, 2014 11:28pm
High Guys
Good potential trades short side on UJ U/CHF AN
Long side NU AU
In trading, you have to be defensive and aggressive at the same time
  • #633
  • Aug 19, 2014 11:38pm Aug 19, 2014 11:38pm
Quoting Davit
High Guys Good potential trades short side on UJ U/CHF AN Long side NU AU
Hey Davit, I am already in NU, the others you mention need a little more developing for me but definitely on the radar. Closed my short NJ for a total of +50. It may go further but my Bias on NU turning long also makes me think NJ could have done its dash and either reverse long or stall out as well.

Think I will be leaving these others for Today's bars to close before making any more decisions...
  • #634
  • Aug 19, 2014 11:43pm Aug 19, 2014 11:43pm
Quoting Callum
{quote} Hey Davit, I am already in NU, the others you mention need a little more developing for me but definitely on the radar. Closed my short NJ for a total of +50. It may go further but my Bias on NU turning long also makes me think NJ could have done its dash and either reverse long or stall out as well. Think I will be leaving these others for Today's bars to close before making any more decisions...
Nice that you know when to pull the trigger.
In trading, you have to be defensive and aggressive at the same time
  • #635
  • Aug 20, 2014 2:14am Aug 20, 2014 2:14am
Quoting Davit
High Guys Good potential trades short side on UJ U/CHF AN Long side NU AU
Hello Davit, I do not understand why AU is long candidate? For other pairs you mentioned it is clear to me, but for AU not.
Thank you!!
Attached Image (click to enlarge)
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  • #636
  • Aug 20, 2014 2:31am Aug 20, 2014 2:31am
Quoting lapras
{quote} Hello Davit, I do not understand why AU is long candidate? For other pairs you mentioned it is clear to me, but for AU not. Thank you!! {image}
Hi L
Its a continuation trade.Chart should clear it up.
Daily. H4
Overall trend up.That is going with the trend buying dips.Concept of buying dips or selling rallies is what big institutions do.Just because AU dropped 100pips does not negate overall trend.This pair is ideal for position building and holding.With positive swap you got nothing to lose provided you don't over-leverage or over-trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD.Daily.png Size: 57 KB
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In trading, you have to be defensive and aggressive at the same time
  • #637
  • Aug 20, 2014 2:42am Aug 20, 2014 2:42am
Thanks for the system Davit.
Long on GCh. 4day range but "conflict" between absolute LL and dev3 HL. RSI up from below 30.
Kan
Edit: am aware of news in 45mins.
Thanks for your help, warmth and straight talking Heather.
  • #638
  • Aug 20, 2014 2:52am Aug 20, 2014 2:52am
Quoting Kanderpro
Thanks for the system Davit. Long on GCh. 4day range but "conflict" between absolute LL and dev3 HL. RSI up from below 30. Kan Edit: am aware of news in 45mins.
GCH is flip side of EG
Just something to keep in mind Swiss franc is -99 correlation with Euro.
In trading, you have to be defensive and aggressive at the same time
  • #639
  • Edited 3:23am Aug 20, 2014 3:09am | Edited 3:23am
Got 23 live trades
Tomorrow Feds meeting should be interesting.I anticipate dovish cautiousness.
In my way of thinking what looks unreal is opertunity.Just read my signature.
I suggest reduce your lots and average in your price.
For example if you are not sure UJ will go higher then take your intended amount divide in 4 and sell on every 15pips up hence your avarage price is far better then entering all at once.
This is what I do and know lot of other traders do likewise.Always keep back up ammo.Troops in reserve for that X factor
To me trading is war and you are commander in chief of your army.Tactics in battles are very similar to trading.Big money loves overrun retail positions clear stops then once cleared going opposite direction.Only way for me to survive is reducing my lots and become agile and flexible.
Know also when you lost the battle and get out so you can have another chance to battle.

Finally floodgates are breaking on AN
In trading, you have to be defensive and aggressive at the same time
  • #640
  • Aug 20, 2014 3:24am Aug 20, 2014 3:24am
Quoting Davit
In my way of thinking what looks unreal is opertunity.Just read my signature.
Good Morning Davit I agree. GU?
Ghost Rider - WWTBMD?
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