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Davit's BB Wave System

  • #801
  • Aug 27, 2014 3:27pm Aug 27, 2014 3:27pm
Quoting Facu
{quote} Hi Davit after a couple of years loosing money im keeping with somes green pips with your system, also im doing a file with all post and explanations to make a kind of book about your system with questions of peopple and your answers, if you dont care in any moment i could share it. also are you short on AN? i see a kinf of SHS at 4H {image} and waiting for short at AJ until next week?
Hi facu
Please continue compiling any useful posts by me or others.I am by no means expert and don't pretend to be one.Just sharing what works for me.
I am heavy short on AN
I am looking 100+pips south on this.
Glad you are making some pips
In trading, you have to be defensive and aggressive at the same time
  • #802
  • Aug 27, 2014 3:34pm Aug 27, 2014 3:34pm
Quoting Davit
{quote} Place zig zag See the shape.Draw the pattern look at harmonic patterns see if any match. Its a bullish shark to me. If you are worried then you are either over trading or your position lot is disproportionate to your account. Trading should be almost stress free.When you are worried and stressing then something is wrong with your position size.Reduce lots and allow room for trade to "breathe" If wrong exit take the loss and try again. {image}
Funny ... That's what I thought too. ...
Ghost Rider - WWTBMD?
  • #803
  • Aug 27, 2014 3:35pm Aug 27, 2014 3:35pm
Quoting albchr
{quote} Funny ... That's what I thought too. ...
Did check my harmonic diagram chart on my wall
Seriously I find zig zag tool to be very useful.Its now part of my standard naked chart.
In trading, you have to be defensive and aggressive at the same time
  • #804
  • Aug 27, 2014 3:38pm Aug 27, 2014 3:38pm
Quoting Davit
{quote} Did check my harmonic diagram chart on my wall Seriously I find zig zag tool to be very useful.
Well, I'm no good at drawing things. You're the true artist.
Ghost Rider - WWTBMD?
  • #805
  • Aug 27, 2014 3:44pm Aug 27, 2014 3:44pm
Quoting albchr
{quote} Well, I'm no good at drawing things. You're the true artist.
Chris don't sell yourself short you are a true artist things you have created.I saw those wood beams you created.Very beautiful.
In trading, you have to be defensive and aggressive at the same time
  • #806
  • Aug 27, 2014 3:50pm Aug 27, 2014 3:50pm
Quoting Davit
{quote} Chris don't sell yourself short you are a true artist things you have created.I saw those wood beams you created.Very beautiful.
Oh I wasn't buddy. If it's wood, it's good. I should show you some other works sometime. Although those beams did come out rather nice.

No I meant on the charts with Harmonics. It's very strange. I can "see" them almost instantly on the charts but can't seem to draw them correctly at all. ... lol
Ghost Rider - WWTBMD?
  • #807
  • Aug 27, 2014 4:08pm Aug 27, 2014 4:08pm
Quoting Davit
{quote} Seriously I use zig zag to help me find them.(no indicator shows any shape here as far as I know) I just did on EJ daily I just drew it and now gonna go over shapes to see if there is valid one that fits it. Zig Zag is great tool {image}
Sounds great. I'll take a look at the zig zag tool.
Ghost Rider - WWTBMD?
  • #808
  • Aug 27, 2014 4:12pm Aug 27, 2014 4:12pm
It is not the lot size, but I think I am still have that trauma like mentioned by Mark Douglas
I usually open 1.4Eur/pip with 10000 Euro account. Now I have 2 open positions, I am still trying to be more relaxed.
What do you think about AUDCHF? 82% correlated with AUDNZD but this one looks about to go south based on your CT system. It also has a nice rejection.
Attached Image (click to enlarge)
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  • #809
  • Aug 27, 2014 4:14pm Aug 27, 2014 4:14pm
ah I just realized there will be red news on AUD soon...
  • #810
  • Aug 27, 2014 4:17pm Aug 27, 2014 4:17pm
Quoting albchr
{quote} Sounds great. I'll take a look at the zig zag tool.
EJ on daily but still trying to find shape that fits the pattern.
From the move coming from top I can already tell its a bullish pattern but generally D leg can go deep even if its bullish pattern.
Manually drawn by using zig zag
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.Daily.png Size: 29 KB
In trading, you have to be defensive and aggressive at the same time
  • #811
  • Aug 27, 2014 4:31pm Aug 27, 2014 4:31pm
Quoting Davit
{quote} EJ on daily but still trying to find shape that fits the pattern. From the move coming from top I can already tell its a bullish pattern but generally D leg can go deep even if its bullish pattern. Manually drawn by using zig zag {image}
By the ratio I see the D leg at 135.976. My exit will likely will be between that and 136.345. If it gets there of course.
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #812
  • Edited 11:15pm Aug 27, 2014 10:33pm | Edited 11:15pm
Quoting albchr
{quote} By the ratio I see the D leg at 135.976. My exit will likely will be between that and 136.345. If it gets there of course. {image}
Just waiting for now....

Took CAD/JPY short at 9566 2x
If you look at left you can tell this zone got rejected before.Basically a double top
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #813
  • Aug 27, 2014 10:59pm Aug 27, 2014 10:59pm
on Aussie
1st challenge 9364
2nd 9386
3rd 9421 (ideal place to short)
On my system you can tell RSI is not in 70 hence no shorting.This works with harmonic since ideal area for short is higher.
Attached Image(s) (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #814
  • Aug 28, 2014 5:18am Aug 28, 2014 5:18am
Took early short on 15min ss & rsi-%r hooking down. 4h was in the ct zone and rsi-%r is now turning down. Daily is also @ r/s zone & rsi-%r approaching 50. Could see pa move back to .83
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Yeoman the "Tough Luck" Trader =p
  • #815
  • Aug 28, 2014 5:45am Aug 28, 2014 5:45am
EJ out at 136.67 and it went 20 pips lower within the next 10 mins
  • #816
  • Aug 28, 2014 8:17am Aug 28, 2014 8:17am
Quoting Davit
EJ short 2x 3719 2x3723 This is short trade based on daily ADR Daily is reached 55 pips up from lows 52pips last 5days. Its done basically for today {image}
Closed at 3669
Missed the big move while sleeping
+200pips

CAd/JPY shorts still running and added few more at 9568
total 4 orders
In trading, you have to be defensive and aggressive at the same time
  • #817
  • Aug 28, 2014 8:21am Aug 28, 2014 8:21am
Quoting Timmy.
EJ out at 136.67 and it went 20 pips lower within the next 10 mins
don't worry what you missed.Important thing is you banked.
In trading, you have to be defensive and aggressive at the same time
  • #818
  • Aug 28, 2014 8:22am Aug 28, 2014 8:22am
Quoting Yeoman
Took early short on 15min ss & rsi-%r hooking down. 4h was in the ct zone and rsi-%r is now turning down. Daily is also @ r/s zone & rsi-%r approaching 50. Could see pa move back to .83{image}{image}{image}
You are in profit already.I prefer not shorting NU.That fat swap is a killer.Good job
In trading, you have to be defensive and aggressive at the same time
  • #819
  • Aug 28, 2014 8:32am Aug 28, 2014 8:32am
Quoting Davit
{quote} Closed at 3669 Missed the big move while sleeping +200pips CAd/JPY shorts still running and added few more at 9568 total 4 orders
Very well done brother! ...

You know what they say about the early bird.

http://www.forexfactory.com/showthre...91#post7702991
Ghost Rider - WWTBMD?
  • #820
  • Aug 28, 2014 8:34am Aug 28, 2014 8:34am
Quoting albchr
{quote} Very well done brother! ... You know what they say about the early bird. http://www.forexfactory.com/showthre...91#post7702991
Very nice Chris.I slept through that one but glad you banked it.
What's funny by the time I made my coffee I could of banked 17pips x4more after close.
In trading, you have to be defensive and aggressive at the same time
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