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Davit's BB Wave System

  • #921
  • Sep 4, 2014 9:39pm Sep 4, 2014 9:39pm
Quoting Davit
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 {image} {image}
GU already hit your target Davit
Forex as Leverage
  • #922
  • Sep 5, 2014 5:36pm Sep 5, 2014 5:36pm
Few painful observation about my trading.
Exiting winning positions way too quickly. (80-100pips)
I had 10 shorts on EU from 37 and another 10-12 on GU from 171-170
Exited both way too early.Euro alone would of quadrupled my account by now.Lesson here is if you happen to get on a great trend stay on!!
I should of rolled back the stops and let these trades pile in the money.
I am painfully aware.
In trading, you have to be defensive and aggressive at the same time
  • #923
  • Sep 6, 2014 2:11am Sep 6, 2014 2:11am
Hi Davit

What is your view on EU and GU now? Both seem to have reached oversold areas

Appreciate the input
  • #924
  • Sep 6, 2014 3:51am Sep 6, 2014 3:51am
Hmmm - at the end that is more a question of fundamentals. Overbought ? So what ! The PA may run and run and run .... the trends may last longer then we may imagine !
  • #925
  • Sep 6, 2014 4:05am Sep 6, 2014 4:05am
Quoting DerBerliner
Hmmm - at the end that is more a question of fundamentals. Overbought ? So what ! The PA may run and run and run .... the trends may last longer then we may imagine !

Agreed, and hence why I am so nervous... I have so many long EU and GU positions, wondering when this market can take a turn around
  • #926
  • Sep 6, 2014 4:49am Sep 6, 2014 4:49am
Quoting Davit
Few painful observation about my trading. Exiting winning positions way too quickly. (80-100pips) I had 10 shorts on EU from 37 and another 10-12 on GU from 171-170 Exited both way too early.Euro alone would of quadrupled my account by now.Lesson here is if you happen to get on a great trend stay on!! I should of rolled back the stops and let these trades pile in the money. I am painfully aware.
Hi Davit

nobody knows the final target n where it will start rebounding .....bcz today's forex market is just not anout fundamentals or technicals but Geopolitical news is also affecting big way....
I can assure u that if Scotland topic would have not been here around .... we all would be seeing GU at around 167 currently....

I was reading ur post in cable ... u wrote that GU is closing to its bottom n will see rebound from current levels .... just curious to know did u consider scotland issue in ur analysis bcz if there is yes voting for this issue then GU may go down to atleast 1.625 but not beyond that bcz scotland issue is already factored in the market....
Bottom line I m not seeing much downside from here max 16250 .... i hope we will rebound bcz m stuck with heavy long positions at 170...

All the best
  • #927
  • Sep 6, 2014 8:30am Sep 6, 2014 8:30am
@thobien
@Davit
Testing the bot (p. 44, post 862 ff) I got now during this week a few trades - so far so good.
The most importent question is of course: is the bot trading accordingly to the systems rules ?
What's your thoughts, ideas ?

http://www.myfxbook.com/members/TGTF...tem-tf/1008714
  • #928
  • Sep 6, 2014 11:17am Sep 6, 2014 11:17am
Quoting BenderTrader
Hi Davit What is your view on EU and GU now? Both seem to have reached oversold areas Appreciate the input
Hi BT
In my view Euro could go lower 1.28-27 then rebound higher.Lot depends also how US fundamentals shape up.
August NFP was decimal way under 200k jobs.Feds like to see 250k+ to start thinking interest rate hike.If the number comes out below 200k or even 200k in Oct then we could see major bounce on all majors against USD
GU looks stronger then Euro.Had you followed my system you would of not longer GU or EU at all.I showed and talked why so.
Cheers
In trading, you have to be defensive and aggressive at the same time
  • #929
  • Sep 6, 2014 11:21am Sep 6, 2014 11:21am
Quoting Rocky1
{quote} Hi Davit nobody knows the final target n where it will start rebounding .....bcz today's forex market is just not anout fundamentals or technicals but Geopolitical news is also affecting big way.... I can assure u that if Scotland topic would have not been here around .... we all would be seeing GU at around 167 currently.... I was reading ur post in cable ... u wrote that GU is closing to its bottom n will see rebound from current levels .... just curious to know did u consider scotland issue in ur analysis bcz if there is yes voting for...
Hi Rocky
Yes I wrote about Scotland vote.I am aware.I think GU is strongest fundamentally to bounce lot higher.As far as you holding longs from 1.70 wow....I was selling heavy on same number....
We might be seeing the bottom and your account might just survive.
REgards
In trading, you have to be defensive and aggressive at the same time
  • #930
  • Sep 6, 2014 1:53pm Sep 6, 2014 1:53pm
Quoting Davit
{quote} Hi Rocky Yes I wrote about Scotland vote.I am aware.I think GU is strongest fundamentally to bounce lot higher.As far as you holding longs from 1.70 wow....I was selling heavy on same number.... We might be seeing the bottom and your account might just survive. REgards
One of My worst decision in recent time and I would not deny that its hurting me now but I hope i will be able to survive provided GU will not go below 160 n must rebound to 170 in coming months ... however I have this opinion that USD has its strong run but it will not last long ... as NFP shown some real loopholes in Data to come next .... For me usd will remain strong MAX till SEPT month ...that too doubtful

Thanks Davit for ur inputs ...
  • #931
  • Sep 7, 2014 5:04pm Sep 7, 2014 5:04pm
hi Davit = http://screencast.com/t/bL2OWf1AqqH
  • #932
  • Sep 8, 2014 5:14am Sep 8, 2014 5:14am
CAD/CHF
short 2x8541
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHFDaily.png Size: 45 KB
In trading, you have to be defensive and aggressive at the same time
  • #933
  • Sep 8, 2014 5:24am Sep 8, 2014 5:24am
Quoting pips777
hi Davit = http://screencast.com/t/bL2OWf1AqqH
Would not sell now.Not high probability trade.
REgards
In trading, you have to be defensive and aggressive at the same time
  • #934
  • Sep 8, 2014 7:01am Sep 8, 2014 7:01am
Quoting Davit
{quote} Would not sell now.Not high probability trade. REgards
=======
k m8 , i dumped it ! = still much 2 learn from U 4sure
  • #935
  • Sep 8, 2014 9:39am Sep 8, 2014 9:39am
Quoting Davit
Few painful observation about my trading. Exiting winning positions way too quickly. (80-100pips) I had 10 shorts on EU from 37 and another 10-12 on GU from 171-170 Exited both way too early.Euro alone would of quadrupled my account by now.Lesson here is if you happen to get on a great trend stay on!! I should of rolled back the stops and let these trades pile in the money. I am painfully aware.
Painful because you missed out on some pips (greed), or painful because you did not follow your plan? There's a big difference as I am sure you agree.
  • #936
  • Sep 8, 2014 11:57am Sep 8, 2014 11:57am
closed 4 positions on CAD/CHF at 8507
+136pips
As you can see PA is on top of wave
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHF.H4.png Size: 36 KB
In trading, you have to be defensive and aggressive at the same time
  • #937
  • Edited 12:31pm Sep 8, 2014 12:00pm | Edited 12:31pm
Buying Cad shorting USD
Short UC on 10 positions 57-77
CAD news was positive today and fundamentals solid.I believe Cad spike was caused by UJ sell off.
Things should calm down
In trading, you have to be defensive and aggressive at the same time
  • #938
  • Sep 8, 2014 12:27pm Sep 8, 2014 12:27pm
Quoting Porkpie
{quote} Painful because you missed out on some pips (greed), or painful because you did not follow your plan? There's a big difference as I am sure you agree.
Hi P
Painful because failing to see the opportunity that trend could of reversed on both .That's not greed that's just great trading.Yes Failed miserable on that factor that as always best way to grow equity quick is staying on when opertunity comes and milk it.That's what Banks do.
Yes I made good pips but missed making fantastic mind blowing pips specially on GU/EU
That's something I did not consider on my Plan...weird as that sounds.
REgards
In trading, you have to be defensive and aggressive at the same time
  • #939
  • Sep 8, 2014 1:12pm Sep 8, 2014 1:12pm
AU long 9286 2x 9283 2x total 4 shorts
In trading, you have to be defensive and aggressive at the same time
  • #940
  • Sep 8, 2014 1:25pm Sep 8, 2014 1:25pm
Quoting Davit
Buying Cad shorting USD Short UC on 10 positions 57-77 CAD news was positive today and fundamentals solid.I believe Cad spike was caused by UJ sell off. Things should calm down
5 lots already short... having the same view on UC... hope fully will see again 1.0850 soon or even more lower..

Regards

Rocky

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