Davit's BB Wave System | Page 38 | 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

  • #741
  • Aug 24, 2014 10:35am Aug 24, 2014 10:35am
Quoting sam30
{quote} Hello David, first, thanks for sharing your system. GU has been down for the past 6 weeks at a row. do you see big chance to retrace for this week? Thanks n regards
Hi Sam 1.6550-1.65 is critical zone.Lot of harmonic traders believe there should be a correction there.
Personally I am at sidelines buying the pound as long as Euro is in free fall.
regards
In trading, you have to be defensive and aggressive at the same time
  • #742
  • Aug 24, 2014 10:39am Aug 24, 2014 10:39am
Quoting chehab
Hi Davit Thank you for sharing this strategy and knowlege especially your punctuality was remarkable My question is related to missing part of the indicators on chart specifically, I hv used the tree templates provided in this thread and none of them could display the correct candle shape ------------------ Kindly let me know what should i do in order to get similar charts to yours Or to grant us the proper template that covered all necessary items on charts NB= Is there an EA for this strategy, if yes where to find it -- ----------------------...
Hi Chehab
You are missing grab candles indicators and ADR as well
They are on 1st page.Make sure placing indicators in correct folder
File-open data-MQL4-indicators
try this template after loading indicators.
Attached File(s)
File Type: tpl #dwave.tpl   10 KB | 476 downloads
In trading, you have to be defensive and aggressive at the same time
  • #743
  • Edited 11:14am Aug 24, 2014 10:58am | Edited 11:14am
Error I made underestimating end of the month,summer and Yellen talking.
Yen got hammered and caught lot of traders off guard.
I am a huge fan of following important news and dropped the ball on this one.Seating good amount of DD on Yen now.Not happy with my trading in this respect.
The reason this is important this DD influenced my correct decision to go long on AU at 9250 9270 however due to exposure I exited early.Regretted that decision.Its amazing how account pressure can shape your decisions.Certainly lot of lessons there to learn.

If anyone placed limit orders at 9250 AU long when I did good for you.We could see 94 in coming weeks
In trading, you have to be defensive and aggressive at the same time
  • #744
  • Aug 24, 2014 11:12am Aug 24, 2014 11:12am
hi Davit " Not happy with my trading in " = shows that u R still a Human + anyways much ahead in Pips N thats whut Counts$$$ , im Very Lucky
2 know U m8 4sure !!! = like i said B4 , my many[5000+] hungry lil kids + me Very Much !!!
  • #745
  • Aug 24, 2014 11:21am Aug 24, 2014 11:21am
Quoting pips777
hi Davit " Not happy with my trading in " = shows that u R still a Human + anyways much ahead in Pips N thats whut Counts$$$ , im Very Lucky 2 know U m8 4sure !!!
Hi Pips welcome back.
Its true if I closed all losing red trades I am still up for the month but still I knowledge my faults openly in hope of sharing "what not to do"
There is a saying "smart people learn from their mistakes ,wise ones learn from other people's mistakes"
regards
In trading, you have to be defensive and aggressive at the same time
  • #746
  • Aug 24, 2014 11:30am Aug 24, 2014 11:30am
Quoting Davit
{quote} Hi Pips welcome back. Its true if I closed all losing red trades I am still up for the month but still I knowledge my faults openly in hope of sharing "what not to do" There is a saying "smart people learn from their mistakes ,wise ones learn from other people's mistakes" regards
=======
  • #747
  • Edited 11:50am Aug 24, 2014 11:31am | Edited 11:50am
Pairs next week I am most interested

Short U/CHF-BB zone ( pair had difficulty cracking 9150 and most likely retrace 50-100+pips)
Short CAD/JPY---BB zone (all yen pairs should be watched carefully for sign of correction before plunging)
Short AUD/JPY--BB zone

Clear rejection here on U/CHF
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCHF.H4.png Size: 52 KB
Click to Enlarge Name: USDCHF.H42.png Size: 49 KB
In trading, you have to be defensive and aggressive at the same time
  • #748
  • Aug 24, 2014 11:54am Aug 24, 2014 11:54am
Also very interested shorting CAD/CHF
3 of the last 4H candles have long tails suggesting strong Bear force at those levels
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADCHF.Daily.png Size: 49 KB
Click to Enlarge Name: CADCHF.H4.png Size: 56 KB
In trading, you have to be defensive and aggressive at the same time
  • #749
  • Aug 24, 2014 12:08pm Aug 24, 2014 12:08pm
Quoting Davit
{quote} Hi Chehab You are missing grab candles indicators and ADR as well They are on 1st page.Make sure placing indicators in correct folder File-open data-MQL4-indicators try this template after loading indicators. {file}
=====================
Hi Davit
Thank you for your prompt reply --
I hv no problem in saving the indic or tpl as i am very qualified in MT4--
The last tpl u sent me was already used by one of the three charts i posted in my previous post --

My question remains
Do I hv to add manually the other indicators (shown in post #1) ?
and do I hv to consider their default settings (This is a critical point) ?
--------------------------
Herewith attached a chart done by the last tpl (#dwave) u sent me showing the missing of many indicators --
Why not issuing a tpl that covers all the indicators that allows us to go
directly to synchronize our follow up with your work
--------------------------------------
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 4-EURUSDH4.png Size: 49 KB
  • #750
  • Edited 12:34pm Aug 24, 2014 12:21pm | Edited 12:34pm
Quoting chehab
{quote} ===================== Hi Davit Thank you for your prompt reply -- I hv no problem in saving the indic or tpl as i am very qualified in MT4-- The last tpl u sent me was already used by one of the three charts i posted in my previous post -- My question remains Do I hv to add manually the other indicators (shown in post #1) ? and do I hv to consider their default settings (This is a critical point) ? -------------------------- Herewith attached a chart done by the last tpl (#dwave) u sent me showing the missing of many indicators -- Why not...
Chehab
My template is useless if my indicators are not on your platform.
This should be obvious.Please if you ask one more question like this I am going to assume you should not be trading live account at all and will ban you posting here.

One last time
load all my indicators posted on 1st page path I posted. File-open data-MQL4-indicators
Close platform and reopen
Click template icon on meta4 click load template and load my template.Click Template icon again and save new template with name you like.
In trading, you have to be defensive and aggressive at the same time
  • #751
  • Aug 25, 2014 12:05pm Aug 25, 2014 12:05pm
Hope someone took this trade that I posted here
clear rejection of 38 down 80 pips!!
check my sat posted trades ...
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.Daily.png Size: 49 KB
In trading, you have to be defensive and aggressive at the same time
  • #752
  • Aug 25, 2014 12:16pm Aug 25, 2014 12:16pm
Quoting Davit
EJ Most interested on this pair.It went into my BB zone.I shorted it but got out at 3759 because of Draghi speech but like to get on shorting this pair. {image}
can't say I don't post content
In trading, you have to be defensive and aggressive at the same time
  • #753
  • Aug 25, 2014 12:45pm Aug 25, 2014 12:45pm
Quoting Davit
Hope someone took this trade that I posted here clear rejection of 38 down 80 pips!! check my sat posted trades ... {image}
Yen seems to be getting strong today
YOUR MOTHERS ASS
  • #754
  • Aug 25, 2014 1:12pm Aug 25, 2014 1:12pm
Quoting Davit
{quote} can't say I don't post content
Nope, no one can say that.

That said, your system is so solid, that if you see a drop off in posts, that means people are busy trying to do what you do.

Your charts are clear, they are even color coded.

Your explanations are superb.

This is an excellent way to generate signals. All that remains is whether or not you choose to share how you manage your fund.

That is sensitive information, so do not share it without consideration.
If you are good at something, never do it for free--Joker
  • #755
  • Aug 25, 2014 1:20pm Aug 25, 2014 1:20pm
Quoting Davit
Hope someone took this trade that I posted here clear rejection of 38 down 80 pips!! check my sat posted trades ... {image}
It's not over either in my humble opinion brother. I just entered short this morning. Looking for another 80/120 possible. Let's see what happens.
Ghost Rider - WWTBMD?
  • #756
  • Aug 25, 2014 1:27pm Aug 25, 2014 1:27pm
Quoting jmn5611
{quote} Nope, no one can say that. That said, your system is so solid, that if you see a drop off in posts, that means people are busy trying to do what you do. Your charts are clear, they are even color coded. Your explanations are superb. This is an excellent way to generate signals. All that remains is whether or not you choose to share how you manage your fund. That is sensitive information, so do not share it without consideration.
Hi Jmn
Thanks for vote of confidence. I approach trading like business and measure my success in quarters.This eliminates feeling crappy about indidividual trades.Bigger picture helps.

This is from my trading plan
STOP LOSS
1 Decide how much each swing is worth example $500
2. Divide $500 into mini lots for multiple entries example .50c a pip gives 1000 pip distance
3. This allows averaging in orders as seen fit irregardless if previous orders are in red
4. Orders are placed as long as reason for trade is still valid
5. If conditions change loss is taken since orders are not all placed all at once this allows smaller loss
Swings
Each Swing investment $500
Swing is taken as loss once -$500 is reached
There are no exceptions.No running red beyond $500
Orders broken down into mini lots that satisfies each swing consist of 10-15 trades
Attached Image (click to enlarge)
Click to Enlarge Name: swing.png Size: 8 KB
In trading, you have to be defensive and aggressive at the same time
  • #757
  • Aug 25, 2014 1:35pm Aug 25, 2014 1:35pm
Quoting albchr
{quote} It's not over either in my humble opinion brother. I just entered short this morning. Looking for another 80/120 possible. Let's see what happens.
Hi Chris
Need UJ correction which I think will happen 103.20-30 area 1st step.
Very dismal housing sells show people are either running out of money or don't have confidence in "recovery" of US economy.We both agree that much of Yellen's rhetoric was hogwash.I think we will see study USD decline in coming months.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #758
  • Aug 25, 2014 1:56pm Aug 25, 2014 1:56pm
Quoting Davit
{quote} Hi Chris Need UJ correction which I think will happen 103.20-30 area 1st step. Very dismal housing sells show people are either running out of money or don't have confidence in "recovery" of US economy.We both agree that much of Yellen's rhetoric was hogwash.I think we will see study USD decline in coming months. Regards
New harmonic on the weekly printed today. I posted it up in the UJ thread
  • #759
  • Aug 25, 2014 2:13pm Aug 25, 2014 2:13pm
Quoting Pharm0r
{quote} New harmonic on the weekly printed today. I posted it up in the UJ thread
will check it out buddy
In trading, you have to be defensive and aggressive at the same time
  • #760
  • Aug 25, 2014 2:50pm Aug 25, 2014 2:50pm
Quoting Davit
{quote} Hi Chris Need UJ correction which I think will happen 103.20-30 area 1st step. Very dismal housing sells show people are either running out of money or don't have confidence in "recovery" of US economy.We both agree that much of Yellen's rhetoric was hogwash.I think we will see study USD decline in coming months. Regards
Agreed buddy. On UJ I have 103.069 overall with a bump or two on the way. 135.712 on EJ with a bump at 136.345. We'll see.

I think we may see an uptick in pending and/or existing home sales next month. In this vibrant "recovery" we have going here , existing property is a great investment right now. Take it from a guy who's forced to sell at about 100k less than fair market value in a "real" economy.

I think you, Mr. Scott, I and I'm sure many others caught the overall dovish speech by Granny with the bone for the hawks at the very end. lol
Ghost Rider - WWTBMD?
1 trader viewing now