Davit's BB Wave System | Page 34 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Davit's Confluence Trading 2,196 replies

My Trading General following Davit Pivot Strategy 2 replies

GBPCHF Buying Wave (V) Elliot Wave 0 replies

Elliott wave or PA system? 18 replies

Attachments: Davit's BB Wave System
Exit Attachments

Davit's BB Wave System

  • #661
  • Aug 20, 2014 12:17pm Aug 20, 2014 12:17pm
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.
As far as I know, slip for limit and stop orders is not applicable. So, broker can execute limit and stop orders with any slip he likes. I think that limit and stop orders during news time are not good idea. Correct me if i wrong
  • #662
  • Aug 20, 2014 12:35pm Aug 20, 2014 12:35pm
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
I think you did the right thing , Im sure there were people too lazy to learn that would come here and copy your trades.
YOUR MOTHERS ASS
  • #663
  • Edited 6:02pm Aug 20, 2014 5:49pm | Edited 6:02pm
hi Davit + Thodie , my 1st EA trade on D1 just triggered = http://screencast.com/t/KLn8y3rQ
live acct cuz i dont Blieve in demo
  • #664
  • Aug 20, 2014 6:16pm Aug 20, 2014 6:16pm
= http://screencast.com/t/gefr0qi1o60
  • #665
  • Aug 20, 2014 6:30pm Aug 20, 2014 6:30pm
E/U long starting to look good at lower time frames
  • #666
  • Aug 20, 2014 7:02pm Aug 20, 2014 7:02pm
Quoting Hermes93
E/U long starting to look good at lower time frames

Careful!! Don't get blindsided by slow moving pa disrupting Indis. Max pips from rsi above 50 on M5 was 3 pips. And its headed sown.

Pat
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5.png Size: 39 KB
  • #667
  • Aug 20, 2014 11:07pm Aug 20, 2014 11:07pm
Cancelled both limit longs on AU at 9270 and 9250
PA is very aggressive.
In trading, you have to be defensive and aggressive at the same time
  • #668
  • Aug 20, 2014 11:12pm Aug 20, 2014 11:12pm
Quoting pips777
= http://screencast.com/t/gefr0qi1o60
noticed yes, no idea why ATM, thatīs why i say demo usd/jpy was involved, same issue on
your life test?
just do it
  • #669
  • Aug 21, 2014 1:38am Aug 21, 2014 1:38am
Sold UJ, maybe i jumped the gun, RSI is higher than its been all year, williams is close to its high and both are starting to show hooks price at the 3rd dev band.
  • #670
  • Aug 21, 2014 3:06am Aug 21, 2014 3:06am
Quoting Callum
Sold UJ, maybe i jumped the gun, RSI is higher than its been all year, williams is close to its high and both are starting to show hooks price at the 3rd dev band.
Is anybody short UJ from yesterday?
  • #671
  • Aug 21, 2014 3:14am Aug 21, 2014 3:14am
beware
e/u has room for downside...

maybe from there we can land a longterm long position.
  • #672
  • Aug 21, 2014 3:16am Aug 21, 2014 3:16am
1st Part Trend following
This part is based on Raghee Horner's 34 EMA (she has ton of videos on youtube for further knowledge)
Simply brilliant concept.Why 34? Well it works best in my view and Raghee's and its a Fib number.
Trades are taken when PA is above Wave green color candles and below wave red candles,blue candles are neutral best not trade.
1hr 4hr and daily must be in sink

Davit, what do you mean with "1hr 4hr and daily must be in sink"?

Maybe RSI must hooking up/down?
PA must be above/below 34EMA?
Or something else?
  • #673
  • Aug 21, 2014 3:25am Aug 21, 2014 3:25am
This EA is overtrading. 1400 trades in few days
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 239 KB
  • #674
  • Aug 21, 2014 9:31am Aug 21, 2014 9:31am
Quoting lapras
This EA is overtrading. 1400 trades in few days {image}
iīm not at home so i cannot check whatīs the issue, but as far as i know now itīs a problem with the exittrigger.
Position is opended and closed immediately => spread.

will report on saturday!
just do it
  • #675
  • Aug 21, 2014 9:53am Aug 21, 2014 9:53am
Long on E Cad. A continuation trade based on price coming off bottom of range / triple bottom. This is similar to the continuation trade that Davit called yesterday on AU. Both were confirmed to me by a channel strategy that I'm testing.
Kan
Thanks for your help, warmth and straight talking Heather.
  • #676
  • Aug 21, 2014 10:20am Aug 21, 2014 10:20am
Quoting lapras
1st Part Trend following This part is based on Raghee Horner's 34 EMA (she has ton of videos on youtube for further knowledge) Simply brilliant concept.Why 34? Well it works best in my view and Raghee's and its a Fib number. Trades are taken when PA is above Wave green color candles and below wave red candles,blue candles are neutral best not trade. 1hr 4hr and daily must be in sink Davit, what do you mean with "1hr 4hr and daily must be in sink"? Maybe RSI must hooking up/down? PA must be above/below 34EMA? Or something else?
Hi Lapras
This is basic online for trend following.Moves start at lower TF but I prefer 1h lowest. If Hourly is going down and H4 going down but daily slightly going up then that should give you a pause because your lower TF are out of sink
When they are in sink this is what you see

H1 PA above Wave green candles
H4 PA above Wave green color
Daily up but approaching sell zone so further up gains are limited.
Notice RSI remaining 50 or above on H1 H4 Daily confirms trend is strong.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY.Daily.png Size: 50 KB
Click to Enlarge Name: EURJPY.H4.png Size: 52 KB
Click to Enlarge Name: EURJPY.H1.png Size: 53 KB
In trading, you have to be defensive and aggressive at the same time
  • #677
  • Aug 21, 2014 10:36am Aug 21, 2014 10:36am
Example trade that I am in 4 positions
I'll wait until 50level is reached then either exit or continue down having said this its obvious overall big trend is up hence 890-880 is realistic target and that's decent 80pip distance with 4 positions 320pips
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.Daily.png Size: 55 KB
In trading, you have to be defensive and aggressive at the same time
  • #678
  • Aug 21, 2014 10:43am Aug 21, 2014 10:43am
Even though I said I won't place live trades I'll show you one I just did on EJ
Should price go higher I will add more trades (that's what I do build a position but not necessary)
My minimum criteria shorting EJ is reached.RSI hit 70 but WR% is way above it.Price is very close to get inside BB zone
From technical perspective this is major resistance.Double top and major structures on left
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY.Daily.png Size: 49 KB
Click to Enlarge Name: EURJPY.Daily2.png Size: 25 KB
In trading, you have to be defensive and aggressive at the same time
  • #679
  • Aug 21, 2014 11:07am Aug 21, 2014 11:07am
Quoting Davit
Even though I said I won't place live trades I'll show you one I just did on EJ Should price go higher I will add more trades (that's what I do build a position but not necessary) My minimum criteria shorting EJ is reached.RSI hit 70 but WR% is way above it.Price is very close to get inside BB zone From technical perspective this is major resistance.Double top and major structures on left {image} {image}
boss e/j is a buy till 142. why you shorting it?? usd/jpy going to break 104
  • #680
  • Aug 21, 2014 11:11am Aug 21, 2014 11:11am
Davit-

How's your wave system looking for UJ?
1 trader viewing now