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Davit's BB Wave System

  • #821
  • Aug 28, 2014 8:44am Aug 28, 2014 8:44am
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}
Yeoman
Could you upload your template?I can't get the candles show the way yours does.
Thank you
In trading, you have to be defensive and aggressive at the same time
  • #822
  • Aug 28, 2014 9:08am Aug 28, 2014 9:08am
added few more shorts on CAD/JPY at 9560 TP 9460
Total 6
RSI WR% starting to turn down.Top side was clearly rejected.Double top on left
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY.Daily.png Size: 55 KB
In trading, you have to be defensive and aggressive at the same time
  • #823
  • Aug 28, 2014 9:17am Aug 28, 2014 9:17am
Quoting albchr
{quote} 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 the 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...
Charts make guessing the data "almost" too easy.

I'm with you on CAD/YEN too Davit. In small at 95.549. Not convinced it won't stretch to test the top again so starting out small.

Anyway, I'm being lazy again. I must get to work here. Enjoy the day folks.
Ghost Rider - WWTBMD?
  • #824
  • Aug 28, 2014 9:21am Aug 28, 2014 9:21am
Quoting albchr
{quote} Charts make guessing the data "almost" too easy. I'm with you on CAD/YEN too Davit. In small at 95.549. Not convinced it won't stretch to test the top again so starting out small. Anyway, I'm being lazy again. I must get to work here. Enjoy the day folks.
Enjoy your day. I got furnace,air conditioning flood damage to deal with today -$$$
One beautiful aspect of owning your own house...haha
In trading, you have to be defensive and aggressive at the same time
  • #825
  • Aug 28, 2014 9:23am Aug 28, 2014 9:23am
Quoting Davit
{quote} Enjoy your day. I got furnace,air conditioning flood damage to deal with today -$$$ One beautiful aspect of owning your own house...haha
Wish I were closer to you. (And had time), I'd grab my tools and head over to help out.
Ghost Rider - WWTBMD?
  • #826
  • Edited 9:46am Aug 28, 2014 9:29am | Edited 9:46am
Quoting albchr
{quote} Wish I were closer to you. (And had time), I'd grab my tools and head over to help out.
Thanks Chris.
These days its no longer simple blower replacement now we got motherboard,controls and all the little things to deal with.
Its like my Toyota car. Engine light wont turn off even though mechanic told me there is no issue.Fine but won't pass inspection and must replace.
Thanks to great creativity of Toyota people switch is buried deep in the engine that requires hours and hours of engine disassemble to replace cheap sensor that cost 40bucks but labor 600.
Beauty of modernity.Nostalgic of simple engines and tech in 70's and 80's
In trading, you have to be defensive and aggressive at the same time
  • #827
  • Aug 28, 2014 9:30am Aug 28, 2014 9:30am
Quoting Davit
{quote} Enjoy your day. I got furnace,air conditioning flood damage to deal with today -$$$ One beautiful aspect of owning your own house...haha
Yuck- been there.

Better than paying someone else's mortgage though
  • #828
  • Aug 28, 2014 9:41am Aug 28, 2014 9:41am
Quoting Davit
{quote} Yeoman Could you upload your template?I can't get the candles show the way yours does. Thank you
hi davit,i think its grab candles from ibfx...look at this
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-08-28 21-40-43.png Size: 17 KB
Attached File(s)
File Type: tpl grab.tpl   2 KB | 367 downloads
File Type: ex4 IBFX - GRaB - B.ex4   4 KB | 448 downloads
File Type: ex4 IBFX - GRaB - G.ex4   4 KB | 448 downloads
File Type: ex4 IBFX - GRaB - R.ex4   4 KB | 475 downloads
Money is made by sitting, not trading. Jesse L. Livermore
  • #829
  • Aug 28, 2014 9:54am Aug 28, 2014 9:54am
Quoting Davit
added few more shorts on CAD/JPY at 9560 TP 9460 Total 6 RSI WR% starting to turn down.Top side was clearly rejected.Double top on left {image}

I'm a little confused on this trade. The price action is above the 34 EMAs and you took a short. Also when did you place your order, was it at the close of yesterdays daily bar 27 Aug 2014 or was it sometime before on one of the days where the %R indy dips downward. ? I was under the impression that the daily bars had to be closed before we initiated a position or have I missed something?
  • #830
  • Aug 28, 2014 10:18am Aug 28, 2014 10:18am
Quoting sam69
{quote} hi davit,i think its grab candles from ibfx...look at this {file} {image} {file} {file} {file}
Thanks will check it out.
In trading, you have to be defensive and aggressive at the same time
  • #831
  • Aug 28, 2014 10:21am Aug 28, 2014 10:21am
Quoting ozziedave
{quote} I'm a little confused on this trade. The price action is above the 34 EMAs and you took a short. Also when did you place your order, was it at the close of yesterdays daily bar 27 Aug 2014 or was it sometime before on one of the days where the %R indy dips downward. ? I was under the impression that the daily bars had to be closed before we initiated a position or have I missed something?
Hi OzzieDave
I never said daily bar needs to be closed.Trade fits every criteria of counter trade.Its on my 1st page.This system has 2 components CT and Trend following.
I focus on swings.
Trade was posted 11hrs ego post 812
I suggest before asking questions to look at the posts. 1st page specially.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY.Daily.png Size: 58 KB
In trading, you have to be defensive and aggressive at the same time
  • #832
  • Aug 28, 2014 11:12am Aug 28, 2014 11:12am
Hi Davit,

Been following your posts and thread. Very informative so far. What is your insight on AudNzd? I took a short around the 1.150 area with bearish divergence forming on daily. Aussie data was supportive yesterday and we have moved up higher but haven't made a higher high.
  • #833
  • Aug 28, 2014 12:26pm Aug 28, 2014 12:26pm
Quoting Davit
{quote} Yeoman Could you upload your template?I can't get the candles show the way yours does. Thank you

It is ibfx grab as posted by Sam.
When loading them individually to your template I also had to make some changes in the chart properties. Under color, select NONE for candles and bars.
Under common, uncheck CHART ON FOREGROUND. And since I haven't already said.....thank you for sharing.


Attached File(s)
File Type: tpl davit's.tpl   4 KB | 393 downloads


For anyone using this template you will need to add the ADR. It wasn't working on my chart and I haven't figured out why...yet.
Yeoman the "Tough Luck" Trader =p
  • #834
  • Aug 28, 2014 12:53pm Aug 28, 2014 12:53pm
Quoting wolve
Hi Davit, Been following your posts and thread. Very informative so far. What is your insight on AudNzd? I took a short around the 1.150 area with bearish divergence forming on daily. Aussie data was supportive yesterday and we have moved up higher but haven't made a higher high.
Running Short on It.Waiting for correction.This one was a wild goose for me...
I may close as loss but will give it some time.
REgards
In trading, you have to be defensive and aggressive at the same time
  • #835
  • Aug 28, 2014 12:53pm Aug 28, 2014 12:53pm
Quoting Yeoman
{quote} It is ibfx grab as posted by Sam. When loading them individually to your template I also had to make some changes in the chart properties. Under color, select NONE for candles and bars. Under common, uncheck CHART ON FOREGROUND. And since I haven't already said.....thank you for sharing. {file} For anyone using this template you will need to add the ADR. It wasn't working on my chart and I haven't figured out why...yet.
Thank you!
In trading, you have to be defensive and aggressive at the same time
  • #836
  • Aug 28, 2014 1:07pm Aug 28, 2014 1:07pm
Quoting Yeoman
{quote} It is ibfx grab as posted by Sam. When loading them individually to your template I also had to make some changes in the chart properties. Under color, select NONE for candles and bars. Under common, uncheck CHART ON FOREGROUND. And since I haven't already said.....thank you for sharing. {file} For anyone using this template you will need to add the ADR. It wasn't working on my chart and I haven't figured out why...yet.
Here is your template with ADR
make sure you click allow DLL
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY.Daily.png Size: 43 KB
Attached File(s)
File Type: ex4 ADR_v2.ex4   11 KB | 388 downloads
File Type: tpl Yeoman.tpl   9 KB | 452 downloads
In trading, you have to be defensive and aggressive at the same time
  • #837
  • Aug 28, 2014 2:06pm Aug 28, 2014 2:06pm
Davit, after testing and trading your system for a few days, I have thought of an indi that would be very helpful with exits.

I have noticed that if price jumps a certain distance from the 34 EMA center line, it would be a solid place for an exit before it comes back to the MA again. That distance varies with each pair depending on volatility and market trading conditons. It would be great to have an indi that would tell you in real time, how many pips away from centerline the bid is. You would set the distance in pips for each pair through an extern input. An alert when the pip number is reached would be helpful also.

Great system. I have combined it with Extreme TMA instead of BB bands and it is doing very well.
Attached Image (click to enlarge)
Click to Enlarge Name: BB Wave - Extreme TMA - GbpUsd.png Size: 70 KB
Observation is the path to discovery.
  • #838
  • Aug 28, 2014 5:39pm Aug 28, 2014 5:39pm
Quoting Davit
{quote} This one (AUDNZD)was a wild goose for me... I may close as loss but will give it some time. REgards
Hello Davit, I'm thoroughly enjoying your system. Thanks. Why did you say AUDNZD was a wild goose for you? Anything to do with the difficulties of the NZ economy, the weekend "gap" or the PA?
Kan
Thanks for your help, warmth and straight talking Heather.
  • #839
  • Aug 28, 2014 11:23pm Aug 28, 2014 11:23pm
Quoting Alorente
Davit, after testing and trading your system for a few days, I have thought of an indi that would be very helpful with exits. I have noticed that if price jumps a certain distance from the 34 EMA center line, it would be a solid place for an exit before it comes back to the MA again. That distance varies with each pair depending on volatility and market trading conditons. It would be great to have an indi that would tell you in real time, how many pips away from centerline the bid is. You would set the distance in pips for each pair through an extern...
Alorente
Thanks for enjoying the system.
Few observations:
You are using RSI 14 not 8 . Average swing is roughly 7-8days and signal system generate on 8 period correspond well with swings. 14 period on daily is 2 weeks of data hence lagging.
On BB. I love BB for not only showing volatility but you can see divergences on it as well.
If you have not watched this video please do.Very informative 11min mark specially
Inserted Video

I like your idea of Take profit targets.If you do come out with the indicator please share.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #840
  • Aug 28, 2014 11:28pm Aug 28, 2014 11:28pm
Quoting Kanderpro
{quote} Hello Davit, I'm thoroughly enjoying your system. Thanks. Why did you say AUDNZD was a wild goose for you? Anything to do with the difficulties of the NZ economy, the weekend "gap" or the PA? Kan
I simply over-traded on this pair.I usually don't do it but PA has been running wild up without much correction.
My entries were earlier and running DD now.
We'll see next month could be correction time on this pair if not I will take the loss since weekly up distance is enormous.
Regards
In trading, you have to be defensive and aggressive at the same time
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