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Davit's BB Wave System

  • #641
  • Aug 20, 2014 3:28am Aug 20, 2014 3:28am
Quoting albchr
{quote} Good Morning Davit I agree. GU?
Funny Chris I saw GU and thought about you for real
Serendipity
In trading, you have to be defensive and aggressive at the same time
  • #642
  • Aug 20, 2014 3:33am Aug 20, 2014 3:33am
Quoting Davit
Its a continuation trade.Chart should clear it up.
Hi Davit,
one question regarding continuation, if you don't mind. Do you trigger a continuation trade when the upper tf's show a trend and in H4 you hit a certain BB-deviation plus some other indicator value? Looked thru the thread, but didn't really find the rules, maybe overlooked it. Thanks.
LD
Fail better.
  • #643
  • Aug 20, 2014 3:33am Aug 20, 2014 3:33am
Quoting Davit
{quote} Funny Chris I saw GU and thought about you for real Serendipity
I think we'll see some changes today. Currently long GU, short AN & UJ and in need of coffee ... badly! lol
Ghost Rider - WWTBMD?
  • #644
  • Aug 20, 2014 3:39am Aug 20, 2014 3:39am
Quoting LarryDarrell
{quote} Hi Davit, one question regarding continuation, if you don't mind. Do you trigger a continuation trade when the upper tf's show a trend and in H4 you hit a certain BB-deviation plus some other indicator value? Looked thru the thread, but didn't really find the rules, maybe overlooked it. Thanks. LD
Hi Larry
I meant continuation meaning move that started from last swing 3rd deviation.My system has 2 parts.CT and Trend trading.AU is in Trend trading category in my view.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.Daily.png Size: 60 KB
In trading, you have to be defensive and aggressive at the same time
  • #645
  • Aug 20, 2014 3:44am Aug 20, 2014 3:44am
Quoting albchr
{quote} I think we'll see some changes today. Currently long GU, short AN & UJ and in need of coffee ... badly! lol
got nothing to drink and feeling weird.Not alcoholic but love drinking and trading
Richard Donchian (father of trend trading) was drunk just about every night and according to friends he traded better that way.
In trading, you have to be defensive and aggressive at the same time
  • #646
  • Aug 20, 2014 3:49am Aug 20, 2014 3:49am
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.
News must of put you on money
In trading, you have to be defensive and aggressive at the same time
  • #647
  • Aug 20, 2014 3:50am Aug 20, 2014 3:50am
Quoting Davit
{quote} Hi Larry I meant continuation meaning move that started from last swing 3rd deviation.My system has 2 parts.CT and Trend trading.AU is in Trend trading category in my view. {image}
Ok, but this second long was triggered by a signal in H4? Thanks for explaining.
Fail better.
  • #648
  • Aug 20, 2014 3:56am Aug 20, 2014 3:56am
Quoting LarryDarrell
{quote} Ok, but this second long was triggered by a signal in H4? Thanks for explaining.
RSI WR% were pointing up on H4 and daily at the time of the trade and still is valid trade.
To me only valid way to trade AU and NU is to buy at these levels unless you want to pay swap.When opportunity presents I buy and this is more general trading not specific to systems. Buy low sell high.
Larry I also build positions.I can have as many as 12 trades in 1 pair.That's what I do and don't necessarily recommend others.
I can easily buy AU all the way to 90 and not even flinch.

Search HDA at FF and read about his posts.The guy is master position trader.
In trading, you have to be defensive and aggressive at the same time
  • #649
  • Aug 20, 2014 4:01am Aug 20, 2014 4:01am
Quoting Davit
{quote} RSI WR% were pointing up on H4 and daily at the time of the trade and still is valid trade. To me only valid way to trade AU and NU is to buy at these levels unless you want to pay swap.When opportunity presents I buy and this is more general trading not specific to systems. Buy low sell high.
Okay, thanks again. Agree about the swap, am trying to avoid shorting the aussi as well. Atm trying to place another long, but for me no signal yet.
Fail better.
  • #650
  • Aug 20, 2014 4:07am Aug 20, 2014 4:07am
Quoting LarryDarrell
{quote} Okay, thanks again. Agree about the swap, am trying to avoid shorting the aussi as well. Atm trying to place another long, but for me no signal yet.
Like I said eariler I avarege in my orders.To me 93 9250 92 is "Buy ZONE" since I don't know excatly when price will rebound up I prefer to have a position.
I trade long term position building and short term swing trading.
In trading, you have to be defensive and aggressive at the same time
  • #651
  • Aug 20, 2014 5:33am Aug 20, 2014 5:33am
Davit,

UJ, ENZD looking good for sell..later i'll post the chart
  • #652
  • Aug 20, 2014 6:00am Aug 20, 2014 6:00am
Quoting Davit
{quote} News must of put you on money
Unfortunately not. Twitchy re news so went to b/e prior. Price dropped to my b/e exactly before shooting up. That's just the way it goes sometimes.
Kan
Thanks for your help, warmth and straight talking Heather.
  • #653
  • Aug 20, 2014 8:25am Aug 20, 2014 8:25am
Davit, what do you think about EU long?
Daily PA is between Dev2 and Dev3, Williams is hooking up.
Today is FOMC meeting, it is possible, they will try to soften dollar, because of currency war.
Is anybody considering long EU before FOMC?
Attached Image (click to enlarge)
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  • #654
  • Aug 20, 2014 9:50am Aug 20, 2014 9:50am
Quoting lapras
Davit, what do you think about EU long? Daily PA is between Dev2 and Dev3, Williams is hooking up. Today is FOMC meeting, it is possible, they will try to soften dollar, because of currency war. Is anybody considering long EU before FOMC? {image}
I am already long through shorting U/CHF which is same as long EU
Difference is U/CHF travels less.I prefer that.
regards
In trading, you have to be defensive and aggressive at the same time
  • #655
  • Aug 20, 2014 9:58am Aug 20, 2014 9:58am
Closed AU long from 9293 at 9310 2x
+30pips

I think We will see lower numbers again around news time to get in at better prices.
I have limit long at 9250 2xfor that spike right before announcements.This is good trick.Let your limit get triggered at best price and be in profit in minutes.
Often time during news either you get re-quote or horrible spread so limit orders are best for news.
In trading, you have to be defensive and aggressive at the same time
  • #656
  • Aug 20, 2014 10:06am Aug 20, 2014 10:06am
Quoting Davit
Closed AU long from 9293 at 9310 2x +30pips I think We will see lower numbers again around news time to get in at better prices. I have limit long at 9250 2xfor that spike right before announcements.This is good trick.Let your limit get triggered at best price and be in profit in minutes. Often time during news either you get re-quote or horrible spread so limit orders are best for news.
Hi Davit, very good point about limits. I have also looked at the Aussie ... 0.9270 or a bit lower like 0.9250 looks valid for long.
Fix up, trade sharp ...
  • #657
  • Aug 20, 2014 10:21am Aug 20, 2014 10:21am
Quoting Hickson
{quote} Hi Davit, very good point about limits. I have also looked at the Aussie ... 0.9270 or a bit lower like 0.9250 looks valid for long.
that sound good 9270 as well
Will join you
green pips friend
In trading, you have to be defensive and aggressive at the same time
  • #658
  • Aug 20, 2014 10:26am Aug 20, 2014 10:26am
Quoting Davit
{quote} that sound good 9270 as well Will join you green pips friend
Don't know yet if I will take these ... need margin, not happy with my draw down on GBP/USD long ... bought way too early. Issues I have to address after 3 months of good trading stability.
Fix up, trade sharp ...
  • #659
  • Aug 20, 2014 10:31am Aug 20, 2014 10:31am
Quoting Hickson
{quote} Don't know yet if I will take these ... need margin, not happy with my draw down on GBP/USD long ... bought way too early. Issues I have to address after 3 months of good trading stability.
I pointed often based on my system here longing GU dangers.
It happens.I have DD on UJ and AN now. We will see how things unfold after Feds BS
Current massive bull on USD is driven by Japanese and Chinese and looking at UJ is obvious.
In trading, you have to be defensive and aggressive at the same time
  • #660
  • Aug 20, 2014 10:41am Aug 20, 2014 10:41am
Quoting Davit
{quote} I pointed often based on my system here longing GU dangers. It happens.I have DD on UJ and AN now. We will see how things unfold after Feds BS Current massive bull on USD is driven by Japanese and Chinese and looking at UJ is obvious.
Cannot read it all, and thought by myself it would be a good idea. Well, obviously it was stupid. USD is ridiculously strong heading into FOMC. Fundamentally makes no sense to me, but if you search for sense in these movements, just do not look further than greed.
Fix up, trade sharp ...
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