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Davit's BB Wave System

  • #701
  • Aug 22, 2014 12:07am Aug 22, 2014 12:07am
Quoting jeffx
Short EN - DT off the BB. RSI/WPR pointing down. Looking for mid 34 or dev2 BB target {image}
Hi Jeff
Your short does not fit in my system.PA is above WAVE not even close to BB zone.
RSI and WR%is at 50 but could turn and go up and become strong continuation trade.
Remember PA respecting 50RSI confirms the trend
It could end up becoming a winning trade but the entry is incorrect
In trading, you have to be defensive and aggressive at the same time
  • #702
  • Aug 22, 2014 12:18am Aug 22, 2014 12:18am
currently up +170pips on UC in 4 positions from 75
Big data tomorrow on Cad and I may exit before that just in case of negative.
In trading, you have to be defensive and aggressive at the same time
  • #703
  • Aug 22, 2014 12:25am Aug 22, 2014 12:25am
Quoting Davit
currently up +170pips on UC in 4 positions from 75 Big data tomorrow on Cad and I may exit before that just in case of negative.
Nice, hows your overall week been pip wise? just out of interest, I haven't had a lot of trades - trying to be picky... Up for the week so not complaining though...

My NU long is looking like maybe having some legs after an initial DD. I'll be looking to TP when RSI is around the 50 or the MA wave comes into play, its counter trend so don't want to expect too much.
  • #704
  • Aug 22, 2014 12:42am Aug 22, 2014 12:42am
Quoting Callum
{quote} Nice, hows your overall week been pip wise? just out of interest, I haven't had a lot of trades - trying to be picky... Up for the week so not complaining though... My NU long is looking like maybe having some legs after an initial DD. I'll be looking to TP when RSI is around the 50 or the MA wave comes into play, its counter trend so don't want to expect too much.
I have good chunk of DD now on EJ,UJ and AN
These trades overshot due to Feds.I will have to give it time.I have been in situations like this many times so I am calm.Patience is the key.
Next week we might get corrections started.
In retrospect I should of given the Feds meeting lot more importance.Lesson learned.
In trading, you have to be defensive and aggressive at the same time
  • #705
  • Aug 22, 2014 1:11am Aug 22, 2014 1:11am
Inserted Video

Giant the Bad Plus
One of the best profound music I ever heard.Trust me I am very discerning.
Listen the whole 8min of it and reflect...
In trading, you have to be defensive and aggressive at the same time
  • #706
  • Aug 22, 2014 2:06am Aug 22, 2014 2:06am
Inserted Video

masterpiece
places perspective on everything life trading living etc
In trading, you have to be defensive and aggressive at the same time
  • #707
  • Aug 22, 2014 4:29am Aug 22, 2014 4:29am
I am not the best at counter trend trades yet. Here is my NU open trade though.
Attached Image (click to enlarge)
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  • #708
  • Aug 22, 2014 7:27am Aug 22, 2014 7:27am
Quoting Jhlewis10
I am not the best at counter trend trades yet. Here is my NU open trade though. {image}
good trading .SL to BE
Keep in mind Yellen talking today at 10am.
In trading, you have to be defensive and aggressive at the same time
  • #709
  • Aug 22, 2014 7:39am Aug 22, 2014 7:39am
Holding 4 CAD shorts from 75 to 880 TP
Very green retail numbers
Yellen could come out and play Dovish for fear of upsetting markets
Those 401K's depend on cheap dollar
In trading, you have to be defensive and aggressive at the same time
  • #710
  • Aug 22, 2014 7:58am Aug 22, 2014 7:58am
Quoting Davit
Holding 4 CAD shorts from 75 to 880 TP Very green retail numbers Yellen could come out and play Dovish for fear of upsetting markets Those 401K's depend on cheap dollar
lol how funny it would be if Yellen came out and raised rates, then walked off the stage flipping the bird.
  • #711
  • Aug 22, 2014 8:05am Aug 22, 2014 8:05am
Quoting Pharm0r
{quote} lol how funny it would be if Yellen came out and raised rates, then walked off the stage flipping the bird.
she can't do it now.Labor market is very soft.Those "jobs" that are created are mostly service industry that generally don't pay much.
It used to be 9months unemployment collected to 12 months with extension then they reduced to 6 months and some states even 3 months
Guess what those people are going to do after their checks stops.Get a minimum job flipping burgers or any other low paying jobs.
I have not bought our "recovery" story yet.
Growth projection by IMF for 2014 is 1.7% and now hovering around 2%.2% growth is no growth.Its a rescission number
regards
In trading, you have to be defensive and aggressive at the same time
  • #712
  • Aug 22, 2014 8:14am Aug 22, 2014 8:14am
Quoting Davit
{quote} she can't do it now.Labor market is very soft.Those "jobs" that are created are mostly service industry that generally don't pay much. It used to be 9months unemployment collected to 12 months with extension then they reduced to 6 months and some states even 3 months Guess what those people are going to do after their checks stops.Get a minimum job flipping burgers or any other low paying jobs. I have not bought our "recovery" story yet. Growth projection by IMF for 2014 is 1.7% and now hovering around 2%.2% growth is no growth.Its a rescission...
Absolutely, I've held these views as well, and the 4% GDP number sealed it for me- as far as I'm concerned they are simply lying to keep the currency afloat.

But man- if only Yellen was a true gangster, I would die of laughter.
  • #713
  • Aug 22, 2014 8:16am Aug 22, 2014 8:16am
Quoting Pharm0r
{quote} Absolutely, I've held these views as well, and the 4% GDP number sealed it for me- as far as I'm concerned they are simply lying to keep the currency afloat. But man- if only Yellen was a true gangster, I would die of laughter.
4GDP number is a joke.There is some creative math going on here.
In trading, you have to be defensive and aggressive at the same time
  • #714
  • Aug 22, 2014 9:52am Aug 22, 2014 9:52am
Quoting Davit
watch 11:30 am today.Last 2 Fridays massive UJ dump. I think we will spike then dump.Guys who got in late on longs will get killed
yesterday you mocked people who where selling jpy. it was clear in the charts that it is heading to 104. It can go to 105 easily and possibly 107. good luck with your positions
  • #715
  • Aug 22, 2014 10:28am Aug 22, 2014 10:28am
Quoting giveachance
{quote} yesterday you mocked people who where selling jpy. it was clear in the charts that it is heading to 104. It can go to 105 easily and possibly 107. good luck with your positions
I am also short UJ. why do you think it may go to 107?
Maybe double top is forming on DF, please check pic
Attached Image (click to enlarge)
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  • #716
  • Aug 22, 2014 11:01am Aug 22, 2014 11:01am
Still holding shorts-

Still not worried.

Yellen told us all we need to know. Until we hit 2% inflation- nothing changes. They can take the dollar to the moon if they want, its just gonna fall harder.
  • #717
  • Aug 22, 2014 12:49pm Aug 22, 2014 12:49pm
Quoting giveachance
{quote} yesterday you mocked people who where selling jpy. it was clear in the charts that it is heading to 104. It can go to 105 easily and possibly 107. good luck with your positions
Hi G
1st you come to my thread placing lot of opinions without trading this system.Just wondering why you even bother considering they are lots of system threads.
2nd I did not mock people selling Yen I voiced my opinion that people projecting deep in the future are baffling to me and gave examples.
You think its going 107 good for you! Place your orders and stop coming here or I will put you on ignore so you can't post here.
In trading, you have to be defensive and aggressive at the same time
  • #718
  • Aug 22, 2014 1:17pm Aug 22, 2014 1:17pm
Closed EJ shorts from 3789
4 positions at 59
+116pips
DRaghi speaking could spike this
In trading, you have to be defensive and aggressive at the same time
  • #719
  • Aug 22, 2014 1:21pm Aug 22, 2014 1:21pm
Limit Shorts placed on U/CHF at 9190 2x and 92 2x anticipating spike 50pips north
In trading, you have to be defensive and aggressive at the same time
  • #720
  • Aug 23, 2014 7:17am Aug 23, 2014 7:17am
Results of week 3 August +191pips modest gain
EJ shorts from 3789
4 positions at 59
+116pips
AU long from 9293 at 9310 2x
+30pips
EG shorts at 7992
+45pips

Carrying substantial DD mostly on UJ and AN. Error I made not looking ahead on news.Feds day was huge even though Yellen was Dovish 90% of her presentation..but dropped that If this and that then we will raise interest rate earlier.Basically saying we'll see how things unfold in coming months.
I think there is great chance UJ correcting but anything can happen
In trading, you have to be defensive and aggressive at the same time
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