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Davit's BB Wave System

  • #881
  • Aug 31, 2014 3:44am Aug 31, 2014 3:44am
Quoting Davit
{quote} Its interesting perhaps how so many of us underestimated Last Feds announcement.Now it looks lot of big guns were waiting to unload on cue. I am very curious how Sept shapes. If ECB goes with QE 1.25 Euro is not out of question (with USD interest rate hike almost guaranteed EU under 1.30)finally all the negative fundamentals can't be ignored anymore by EZ specially extreme high unemployment and lack of growth. In this context continued depreciation of Euro added Ukraine crises on top of it will drag GU lower as well.I am not ready to long...
I agree with all except GU. But I know how you trade and I would agree that going long is not right for your method yet. The longs I'm building are carry trades. As I've posted, my plan allows for further drop to add more to it. In fact if it keeps rising from here (possible) then the 6900 target is all I'd expect. If it drops to 6520/6460 or so (also possible), I'd expect to see 7100 or more.

This is longer term for me. I've been wanting to get into position trading for a very long time now. This is actually my first shot at it. ... lol

EDIT: LOL ... I need to wait longer before replying as you keep adding to your posts.

That chart is a bit extreme for sure and I think folks are placing WAY too much emphasis on the "old" correlation between the EU and GU. I can easily see EU falling while GU rises. I'm not saying the correlation is over with, but as of now (and for some time) it's certainly not so tight.
Ghost Rider - WWTBMD?
  • #882
  • Aug 31, 2014 3:54am Aug 31, 2014 3:54am
I am inclined to believe 1618 fib is gonna get hit on GU 6384
Notice cluster is not breaking north
Closer look shows Friday close was lower then previous close suggesting strong selling
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD.Daily.png Size: 51 KB
Click to Enlarge Name: GBPUSD.Daily2.png Size: 23 KB
In trading, you have to be defensive and aggressive at the same time
  • #883
  • Aug 31, 2014 4:02am Aug 31, 2014 4:02am
Quoting Davit
I am inclined to believe 1618 fib is gonna get hit on GU 6384 Notice cluster is not breaking north {image}
Well our bars are quite a bit different. But that aside, let's see what happens when the market actually starts trading again. I find it rather funny so many folks are trying to analyze price over the last two weeks of August. Normally, I don't even trade the month at all as from a TA perspective, I've never found the data on the charts to be very accurate.

However, if it hits that extension, not only will I be out of my longs, but I'll eat my hat too.

The picture as I see it now and for the past couple weeks. We'll see.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdmdaily.PNG Size: 76 KB
Click to Enlarge Name: gbpusdmh4.png Size: 53 KB
Ghost Rider - WWTBMD?
  • #884
  • Aug 31, 2014 4:04am Aug 31, 2014 4:04am
Quoting albchr
{quote} I agree with all except GU. But I know how you trade and I would agree that going long is not right for your method yet. The longs I'm building are carry trades. As I've posted, my plan allows for further drop to add more to it. In fact if it keeps rising from here (possible) then the 6900 target is all I'd expect. If it drops to 6520/6460 or so (also possible), I'd expect to see 7100 or more. This is longer term for me. I've been wanting to get into position trading for a very long time now. This is actually my first shot at it. ...
Its very possible BOE raise interest rates sooner then Feds although this will become unlikely if Euro continues to drop.
EZ is still UK biggest trading partner.I don't see how Euro falling will not effect the Pound.
I will join you long term longs on cable in much lower numbers but as anything market can prove anyone wrong that includes me as well.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #885
  • Aug 31, 2014 4:11am Aug 31, 2014 4:11am
Quoting Davit
{quote} Its very possible BOE raise interest rates sooner then Feds although this will become unlikely if Euro continues to drop. EZ is still UK biggest trading partner.I don't see how Euro falling will not effect the Pound. I will join you long term longs on cable in much lower numbers but as anything market can prove anyone wrong that includes me as well. Regards
I don't think there's any question of it actually. Just look at what an interest rate hike would do to our debt. We're having a tough enough time just covering the interest on it. So unless the FED wants to completely collapse our economy (possibly? LOL) there's no way they can raise rates. At least not this year. Probably next as well but who knows what they'll do.

But yes, either of us could be wrong for sure.
Ghost Rider - WWTBMD?
  • #886
  • Aug 31, 2014 4:13am Aug 31, 2014 4:13am
Quoting albchr
{quote} Well our bars are quite a bit different. But that aside, let's see what happens when the market actually starts trading again. I find it rather funny so many folks are trying to analyze price over the last two weeks of August. Normally, I don't even trade the month at all as from a TA perspective, I've never found the data on the charts to be very accurate. However, if it hits that extension, not only will I be out of my longs, but I'll eat my hat too. The picture as I see it now and for the past couple weeks. We'll see. {image} {image}...
Your broker close price is good pips higher....
MBtrading 6584 Oanda 6596 but yours is 6601 could be last min wide spread difference.
Just talking to you got me exciting about next week.
Wish you green $$ September
In trading, you have to be defensive and aggressive at the same time
  • #887
  • Aug 31, 2014 4:34am Aug 31, 2014 4:34am
Quoting Davit
{quote} Your broker close price is good pips higher.... MBtrading 6584 Oanda 6596 but yours is 6601 could be last min wide spread difference. Just talking to you got me exciting about next week. Wish you green $$ September
Could be a spread difference I guess. Mine at close was exactly 2 pips. Was yours more? I think it will be a very good season. At least I hope so.
Best wishes my friend.
Ghost Rider - WWTBMD?
  • #888
  • Aug 31, 2014 12:11pm Aug 31, 2014 12:11pm
Hi, nice to read this thread some times.

Usd/jpy - Everyone talks that sentiment is bullish, but in my view this pair is highly corellated with US 2 and 10 year bonds. So I have overall target at 94 - 96.

Also I saw COT report, which data I trade earlier. There are insane numbers of institutional long orders. So I have an idea that eur/usd can climb up a lot. Maibe in a long period will go lower, but some good retracement is a must.


Just some Ideas.
  • #889
  • Aug 31, 2014 1:05pm Aug 31, 2014 1:05pm
Quoting paul-fx
Hi, nice to read this thread some times. Usd/jpy - Everyone talks that sentiment is bullish, but in my view this pair is highly corellated with US 2 and 10 year bonds. So I have overall target at 94 - 96. Also I saw COT report, which data I trade earlier. There are insane numbers of institutional long orders. So I have an idea that eur/usd can climb up a lot. Maibe in a long period will go lower, but some good retracement is a must. Just some Ideas.
Hi Paul
I hope you are correct.My TP is lot modest 102.90 even 103
Lets see if PA gets some bear action this week.
REgards
In trading, you have to be defensive and aggressive at the same time
  • #890
  • Aug 31, 2014 1:05pm Aug 31, 2014 1:05pm
Inserted Video

Lars Danielsson and Leszek Mozdzer - Suffering (Danielsson)
Amazing piece amazing artist
In trading, you have to be defensive and aggressive at the same time
  • #891
  • Aug 31, 2014 1:22pm Aug 31, 2014 1:22pm
Quoting Davit
https://www.youtube.com/watch?v=OE0Avd0uV1g Lars Danielsson and Leszek Mozdzer - Suffering (Danielsson) Amazing piece amazing artist

nice.
The Market pays you to be disciplined
  • #892
  • Aug 31, 2014 1:26pm Aug 31, 2014 1:26pm
Quoting mima
{quote} nice.
Glad you liked it.This is closer to your corner
Inserted Video

Great motif and Bass lines
In trading, you have to be defensive and aggressive at the same time
  • #893
  • Aug 31, 2014 1:33pm Aug 31, 2014 1:33pm
Quoting Davit
https://www.youtube.com/watch?v=OE0Avd0uV1g Lars Danielsson and Leszek Mozdzer - Suffering (Danielsson) Amazing piece amazing artist


Hope you don't mind brother but I'm borrowing this for the Corner.
Ghost Rider - WWTBMD?
  • #894
  • Aug 31, 2014 1:36pm Aug 31, 2014 1:36pm
Quoting albchr
{quote} Hope you don't mind brother but I'm borrowing this for the Corner.
His music is inspirational.His got lot of calm meditative work that totally opens up envelope what musically can be achieved.
like
Inserted Video

Enjoy
Oh Chris don't even ask!
In trading, you have to be defensive and aggressive at the same time
  • #895
  • Aug 31, 2014 1:39pm Aug 31, 2014 1:39pm
Quoting Davit
{quote} His music is inspirational.His got lot of calm meditative work that totally opens up envelope what musically can be achieved. like https://www.youtube.com/watch?v=Q5M5H24uCN8 Enjoy Oh Chris don't even ask!
Ok I won't. But allow me to return the favor.

Inserted Video
Ghost Rider - WWTBMD?
  • #896
  • Aug 31, 2014 11:06pm Aug 31, 2014 11:06pm
Quoting albchr
{quote} Ok I won't. But allow me to return the favor. http://www.youtube.com/watch?v=KEHDhXtXAv4
Very cool Chris Thanks
Downloaded.
In trading, you have to be defensive and aggressive at the same time
  • #897
  • Aug 31, 2014 11:42pm Aug 31, 2014 11:42pm
Its kind of slow now on Trading side so I'll share something mind blowing

Inserted Video

Tigran Hamasyan is from my hometown Yerevan
Musical prodigy capable of playing anything.Here he plays on Toy piano
Composition is mind bending rhythmically almost incomprehensible.
In trading, you have to be defensive and aggressive at the same time
  • #898
  • Sep 1, 2014 12:39am Sep 1, 2014 12:39am
Short CAD/CHF 2x
8455
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHF.Daily.png Size: 50 KB
In trading, you have to be defensive and aggressive at the same time
  • #899
  • Sep 1, 2014 6:00am Sep 1, 2014 6:00am
Quoting Davit
Short CAD/CHF 2x 8455 {image}
maybe to early but nice catch...
Sell limit 84839
Sell stop 84534
  • #900
  • Sep 2, 2014 3:01am Sep 2, 2014 3:01am
Quoting sniperdebt
{quote} maybe to early but nice catch... Sell limit 84839 Sell stop 84534
Lets see if PA gets some bear action this week.
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHFmDaily.png Size: 78 KB
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