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Davit's BB Wave System

  • #841
  • Aug 28, 2014 11:32pm Aug 28, 2014 11:32pm
Looks like Japanese Banks are aggressively selling the Yen now
Trying to keep the currency weaker and weaker so they can sell their shit at cheaper prices
Attached Image(s) (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #842
  • Aug 28, 2014 11:34pm Aug 28, 2014 11:34pm
Quoting Davit
Looks like Japanese Banks are aggressively selling the Yen now Trying to keep the shit currency weaker and weaker so they can sell their shit at cheaper prices
Yup. UJ just had a horrible daily close for bears. Reduced my risk by 50%
  • #843
  • Aug 29, 2014 12:14am Aug 29, 2014 12:14am
Quoting Pharm0r
{quote} Yup. UJ just had a horrible daily close for bears. Reduced my risk by 50%
They are trying to close the month high.Too early London and NY yet to come.Once Tokyo closes all is free play.Their desperation is too obvious.
In trading, you have to be defensive and aggressive at the same time
  • #844
  • Aug 29, 2014 1:34am Aug 29, 2014 1:34am
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.

Quoting Davit
{quote} 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

'm still bearish on A/N. Price is bucking r/s. Weekly down thru 1h chart price is in or moving down from the ct zone and rsi/%r is in buy zone hooking down. Still short from 1150 with a limit order @ 1200. Looks like next week b4 we see much movement.
Yeoman the "Tough Luck" Trader =p
  • #845
  • Aug 29, 2014 1:39am Aug 29, 2014 1:39am
Quoting Davit
{quote} 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 https://www.youtube.com/watch?v=PWqxNtsFx1M I like your idea of Take profit targets.If you do come out with the indicator...
Thanks Davit.

As you can see from my picture, RSI 14 (Pink) and RSI 8 (Blue) produce practically identical results. I´ve been using 14 all my life. See no reason to change...
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Observation is the path to discovery.
  • #846
  • Aug 29, 2014 2:01am Aug 29, 2014 2:01am
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...

I've had same idea but thought the alert would trigger for ct entry when price spikes exceed the average pips from ma by a given %. Exit would be back @ ma. Would be a great scalping tool. Any coders want to build that ea? Probably already out there somewhere.
Yeoman the "Tough Luck" Trader =p
  • #847
  • Aug 29, 2014 2:12am Aug 29, 2014 2:12am
I sure missed my exit and re-entry opportunity on this trade
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Yeoman the "Tough Luck" Trader =p
  • #848
  • Aug 29, 2014 2:20am Aug 29, 2014 2:20am
Quoting Yeoman
I sure missed my exit and re-entry opportunity on this trade {image}
last day of the month is always crazy.You got to be on your toes.
regards
In trading, you have to be defensive and aggressive at the same time
  • #849
  • Aug 29, 2014 2:24am Aug 29, 2014 2:24am
Good morning davit
Could you share with me your view for eurgbp and eurusd ?
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Neural Network Algorithm and Econophysics
  • #850
  • Aug 29, 2014 2:26am Aug 29, 2014 2:26am
Quoting Davit
{quote} 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. {image}
Hi Davit, Could you let me know how to avoid the wrong entry, for example in CADJPY below.
I had short executed and exitted at 95.60 Now I am in again at 95.50
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  • #851
  • Aug 29, 2014 2:39am Aug 29, 2014 2:39am
Quoting Vigovski
Good morning davit Could you share with me your view for eurgbp and eurusd ? {image}
Hi Roman
I have been bearish on Euro for long time.In fact I closed lot of trades on EJ in profits +200pips this morning
Fundamentally Draghi and ECB want lower Euro plus with Ukraine crises (1k Russian soldiers invaded Ukraine territory with armor as I am typing this)
Its nothing positive about.Not going to take a chance "finding that bottom" as GU bulls already bitterly tasted since 1.69
My bearish bias will continue unless I see something otherwise either on PA or fundemetal.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #852
  • Aug 29, 2014 2:45am Aug 29, 2014 2:45am
Quoting Davit
{quote} Hi Roman I have been bearish on Euro for long time.In fact I closed lot of trades on EJ in profits +200pips this morning Fundamentally Draghi and ECB want lower Euro plus with Ukraine crises (1k Russian soldiers invaded Ukraine territory with armor as I am typing this) Its nothing positive about.Not going to take a chance "finding that bottom" as GU bulls already bitterly tasted since 1.69 My bearish bias will continue unless I see something otherwise either on PA or fundemetal. Regards
Thank you very much i put some shorts for gold , eu , eg waiting at the moment
Neural Network Algorithm and Econophysics
  • #853
  • Edited 2:56am Aug 29, 2014 2:46am | Edited 2:56am
Quoting Timmy.
{quote} Hi Davit, Could you let me know how to avoid the wrong entry, for example in CADJPY below. I had short executed and exitted at 95.60 Now I am in again at 95.50 {image}
Every time You take a trade CT or otherwise you are taking a correlative risk.
What this means any trade any time can be "wrong"
My system has perimeters about this and I suggest you read the thread.
Understanding probability is crucial.What I mean is out of 100 trades I know I can hit 80% winning trades.
75-80 % of forex is in a range.My system is best when pairs go into a range.If you follow my signals as explained clearly then you would know when to enter.
You need to do some work friend I can not do the work for you.Your circles are in June ....If you are asking if you CT and PA keeps going higher or lower then you take the loss.I have taken many.Again its just probability but nothing is concrete.This concept is very hard to grasp to new traders but edge is nothing but repeating same signals that generate profits over series of trades not just 1 or 10.I am talking about 500+trades. In larger sample of trades your edge in my case my system edge will generate profits provided you don't let the losers run forever.
Taken this concept further Elliot Wave,Harmonics prove that nothing goes in straight line.Read the book I posted on Elliot Wave.This explains why when PA is in BB zone often it corresponds major S/R or EW turning points.
REgards
In trading, you have to be defensive and aggressive at the same time
  • #854
  • Aug 29, 2014 2:51am Aug 29, 2014 2:51am
Quoting Davit
Looks like Japanese Banks are aggressively selling the Yen now Trying to keep the currency weaker and weaker so they can sell their shit at cheaper prices {image} {image}
Top of the morning to you Davit Actually, it's more CAD strength then YEN weakness. Was to be expected as the YEN is ranging and CAD attempting to test yesterday's high.

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.
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Ghost Rider - WWTBMD?
  • #855
  • Aug 29, 2014 3:01am Aug 29, 2014 3:01am
Quoting albchr
{quote} Top of the morning to you Davit Actually, it's more CAD strength then YEN weakness. Was to be expected as the YEN is ranging and CAD attempting to test yesterday's high. {quote} {image}
Good Morning Chris
I had many opportunities to bank at 50 but could not do it since I like minimum 50pips...
Not given up on it.Once UJ goes into deep correction 103 CJ most likely will hit 94.50'sh I have my TP 94.60
In trading, you have to be defensive and aggressive at the same time
  • #856
  • Aug 29, 2014 3:07am Aug 29, 2014 3:07am
Quoting Vigovski
{quote} Thank you very much i put some shorts for gold , eu , eg waiting at the moment
Should EJ hit 37 I will built shorts on it again. EG is little tricky...
Based on my system.I would not short EG.Reason is PA is entering reversal zone.Could work 20-30pips as you like taking them but its cautionary area..
Just notice how beautifully system marked the swing top with RSI BB and WR%
Interesting thing is Chris's S/R's often lend on this areas.
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In trading, you have to be defensive and aggressive at the same time
  • #857
  • Aug 29, 2014 3:08am Aug 29, 2014 3:08am
Quoting Davit
{quote} Good Morning Chris I had many opportunities to bank at 50 but could not do it since I like minimum 50pips... Not given up on it.Once UJ goes into deep correction 103 CJ most likely will hit 94.50'sh I have my TP 94.60
Agreed. I was rather hoping for a little higher to add some more. Let's see what happens.
Ghost Rider - WWTBMD?
  • #858
  • Aug 29, 2014 3:16am Aug 29, 2014 3:16am
Chris and others
Green pips will have to go to sleep.
Good night
In trading, you have to be defensive and aggressive at the same time
  • #859
  • Aug 29, 2014 3:17am Aug 29, 2014 3:17am
Quoting Davit
{quote} Every time You take a trade CT or otherwise you are taking a correlative risk. What this means any trade any time can be "wrong" My system has perimeters about this and I suggest you read the thread. Understanding probability is crucial.What I mean is out of 100 trades I know I can hit 80% winning trades. 75-80 % of forex is in a range.My system is best when pairs go into a range.If you follow my signals as explained clearly then you would know when to enter. You need to do some work friend I can not do the work for you.Your circles are...
Crystal clear! Thanks Davit
  • #860
  • Aug 29, 2014 3:17am Aug 29, 2014 3:17am
Quoting Yeoman
{quote} I've had same idea but thought the alert would trigger for ct entry when price spikes exceed the average pips from ma by a given %. Exit would be back @ ma. Would be a great scalping tool. Any coders want to build that ea? Probably already out there somewhere.
Yes. Either way, pips distance or percentage of price away from centerline would work and indeed, it would be a great aid for scalping... I am no coder, but this sounds like a pretty simple project.
Observation is the path to discovery.
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