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Davit's BB Wave System

  • #761
  • Aug 25, 2014 3:45pm Aug 25, 2014 3:45pm
Quoting Davit
{quote} 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...
This, sir, will help newbies shorten the learning curve. Thank you for sharing it.
If you are good at something, never do it for free--Joker
  • #762
  • Aug 25, 2014 10:24pm Aug 25, 2014 10:24pm
Quoting Davit
{quote} Thodie thanks for your efforts. Yes please don't trade this EA live yet until everything works properly and shows good results on demo. I wished I could be helpful but I am not a coder Thks bro
V2.0 looks much better, and it seems you and the EA have picked out nearly the same pairs as you:
Attached Image (click to enlarge)
Click to Enlarge Name: BBwaveV2.PNG Size: 25 KB
just do it
  • #763
  • Aug 25, 2014 11:17pm Aug 25, 2014 11:17pm
Quoting thodie
{quote} V2.0 looks much better, and it seems you and the EA have picked out nearly the same pairs as you: {image}
Thodie that is fascinating.Amazing positive pips!!!
Thank you for all your hard work
I may have to open a demo account and run the EA and even compare trades...
In trading, you have to be defensive and aggressive at the same time
  • #764
  • Aug 25, 2014 11:27pm Aug 25, 2014 11:27pm
Added few more shorts on UC
Total have 6 shorts from 75 zone
everyone and their mother are long on UC....which is perfect for short
In trading, you have to be defensive and aggressive at the same time
  • #765
  • Aug 26, 2014 3:25am Aug 26, 2014 3:25am
Inserted Video

relax let the trade develop
In trading, you have to be defensive and aggressive at the same time
  • #766
  • Aug 26, 2014 3:43am Aug 26, 2014 3:43am
Quoting Davit
Added few more shorts on UC Total have 6 shorts from 75 zone everyone and their mother are long on UC....which is perfect for short
=======
hi Davit , u R short u/chf N im short g/chf since last fri = not so Good huh ?
http://screencast.com/t/LK0TSi88C
  • #767
  • Aug 26, 2014 3:49am Aug 26, 2014 3:49am
Quoting pips777
{quote} ======= hi Davit , u R short u/chf N im short g/chf since last fri = not so Good huh ? http://screencast.com/t/LK0TSi88C
My U/CHF shorts didn't get triggered yet
9190 -92
Still waiting. 9150 is real challage to break and I may enter if it wont break higher.
REgards
In trading, you have to be defensive and aggressive at the same time
  • #768
  • Aug 26, 2014 3:54am Aug 26, 2014 3:54am
Quoting thodie
{quote} V2.0 looks much better, and it seems you and the EA have picked out nearly the same pairs as you: {image}
Looking nice brother. Should I go to the lab?
Ghost Rider - WWTBMD?
  • #769
  • Aug 26, 2014 5:15am Aug 26, 2014 5:15am
Quoting Davit
{quote} Thodie that is fascinating.Amazing positive pips!!! Thank you for all your hard work I may have to open a demo account and run the EA and even compare trades...
you´re very welcome!
Did a few Backtests to see how it handles heavy trends, it can fail too. The more ""secure"" setting is EMA exit in a heavy trend.
But when we keep an eye on fundamentals it should work as a nice signal service.

Quoting albchr
{quote} Looking nice brother. Should I go to the lab?
not yet my friend, i want to wait until fridays market close

regards thodie
just do it
  • #770
  • Aug 26, 2014 5:48am Aug 26, 2014 5:48am
Quoting Davit
{quote} My U/CHF shorts didn't get triggered yet 9190 -92 Still waiting. 9150 is real challage to break and I may enter if it wont break higher. REgards

Hi Davit my system is showing short UdsCHF and long eurusd after gap
  • #771
  • Aug 26, 2014 5:50am Aug 26, 2014 5:50am
Quoting thodie
{quote} not yet my friend, i want to wait until fridays market close regards thodie
Not like I really have time now anyway. Perhaps another week or three.
Ghost Rider - WWTBMD?
  • #772
  • Aug 26, 2014 6:19am Aug 26, 2014 6:19am
UJ: Asians made a decisive bear move at their open, along with London. Would love to see the same from US after some bad news. I'd expect it to be a bloody mess.
  • #773
  • Edited 12:14pm Aug 26, 2014 11:53am | Edited 12:14pm
Quoting Davit
{quote} I keep lots same but when I see obvious exhaustion I will add more at that level.This concept took me a while to refine. Idea is simple.Your system says all criteria met and you should go long or short. Fine I get in and market decides to go against me another 30pips and still all criteria the same.I will add another short Once market goes my way I will add more shorts down as well and move SL to BE or protect profits thus further orders are free from burden of over trading. Its also important that you have the freedom to exit the trade...
Market maker psychology, I reckon these moves are the reason the majority dont succeed at trading and never understand why.

Sorry about the template Davit, heres an example:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.jpg Size: 168 KB


200 EMA, 100 main trends both up and price manipulated to touch quarter levels and shot back up good for 60+ pips, and you can see afterwards it drops from higher quarter levels back lower into trend again, I think everyday this happens.
YOUR MOTHERS ASS
  • #774
  • Aug 26, 2014 11:16pm Aug 26, 2014 11:16pm
Davit..

Just got done reading the thread and I'm very impressed with what you've done so far. I have been in the process of moving my trading to the higher time frames and your system looks very promising. I'm already familiar with the 34 EMA wave but haven't really used the BBs or your RSI indicator.

Have loaded your template and will start to study your entries and hopefully take some trades with the system in the next few weeks.

Cheers....
  • #775
  • Edited 12:32am Aug 27, 2014 12:22am | Edited 12:32am
closed all my UC shorts 6 of them at 23 from 75
+312pips
Notice my entry and exit.I exited at 34EMA Wave and 50 level RSI
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.Daily.png Size: 40 KB
In trading, you have to be defensive and aggressive at the same time
  • #776
  • Aug 27, 2014 12:27am Aug 27, 2014 12:27am
Quoting ozziedave
Davit.. Just got done reading the thread and I'm very impressed with what you've done so far. I have been in the process of moving my trading to the higher time frames and your system looks very promising. I'm already familiar with the 34 EMA wave but haven't really used the BBs or your RSI indicator. Have loaded your template and will start to study your entries and hopefully take some trades with the system in the next few weeks. Cheers....
Hi Dave Welcome
As long as you practice sound money management you should be on winning side using this system.
green pips
In trading, you have to be defensive and aggressive at the same time
  • #777
  • Edited 2:27am Aug 27, 2014 2:15am | Edited 2:27am
Quoting Davit
closed all my UC shorts 6 of them at 23 from 75 +312pips Notice my entry and exit.I exited at 34EMA Wave and 50 level RSI {image}

Well done.

I made 100pips on it.Not as aggressive as you yet but will get there

It has been a nice pair to trade this month.

All the best

Rooi
We miss 100% of the shots we don't take
  • #778
  • Aug 27, 2014 3:31am Aug 27, 2014 3:31am
Hi Davit, I have been watching your thread since few months ago and I really admire your trading systems.
I finally make this account so that I can post on your thread. Thanks so much for sharing your system and recommending some books to read.
I was trying a lot of systems (and of course lost a significant amount of money) with different time frames but none fits me yet since I have 9-5 job everyday which not allows me to look at my chart regularly.
Now I only look at my chart once after the daily candle close and so far I am happy with it.
I wish I read the disciplined trader book before I trade, but I will keep going and never look back. I never thought phycology is very crucial in this business. Now that I can read that book with smile because I learnt it hard way.
Thanks for sharing and I am looking forward to have some discussion with you in the future.
  • #779
  • Aug 27, 2014 9:00am Aug 27, 2014 9:00am
This pair looks ready to fill the gap.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzddaily08-27-2014-0836cst.png Size: 77 KB
Yeoman the "Tough Luck" Trader =p
  • #780
  • Aug 27, 2014 10:28am Aug 27, 2014 10:28am
Quoting Rooi
{quote} Well done. I made 100pips on it.Not as aggressive as you yet but will get there It has been a nice pair to trade this month. All the best Rooi
Hi Rooi
Congrats $$$
I made the mistake exiting early.Could of banked another 200PIPS
I'll be looking to sell this again should price go same zone 70-90

This is textbook system trade.Beautiful
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
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