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Davit's Confluence Trading

  • #1,861
  • Oct 29, 2014 12:15pm Oct 29, 2014 12:15pm
Quoting Davit
Hello guys Took much needed break from posting and overall forum involvement. I don't know if this is related but Oct proved to be my best month ever. Made 2840 pips 30% account growth Interestingly vast majority of it was trading U/Cad on short side I looked at my detail report and not a single long trade hence resign myself that I am just counter trader and good at that as my strength. Things that I noticed when quieted my head from forums.Market has rhythm and it moves up and down depending on news releases.Noticed on US open market likes to...
Hi davit, good to read from you again. I wondered what happened. Profits just look great!
Fix up, trade sharp ...
  • #1,862
  • Oct 29, 2014 12:17pm Oct 29, 2014 12:17pm
Quoting Hickson
{quote} Hi davit, good to read from you again. I wondered what happened. Profits just look great!
Hi Hickson
Losses on UJ pissed me off and decided to take a break from everything and focus why price does what it does.
I think my results are result of it.Things that I do now regularly.Mark on calender all important news releases and trade accordingly.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,863
  • Oct 29, 2014 12:47pm Oct 29, 2014 12:47pm
Quoting Davit
{quote} Hi Hickson Losses on UJ pissed me off and decided to take a break from everything and focus why price does what it does. I think my results are result of it.Things that I do now regularly.Mark on calender all important news releases and trade accordingly. Regards
Hi Davit..
Nice to see you back..
Forex as Leverage
  • #1,864
  • Oct 29, 2014 12:49pm Oct 29, 2014 12:49pm
Quoting Davit
Hello guys Took much needed break from posting and overall forum involvement. I don't know if this is related but Oct proved to be my best month ever. Made 2840 pips 30% account growth Interestingly vast majority of it was trading U/Cad on short side I looked at my detail report and not a single long trade hence resign myself that I am just counter trader and good at that as my strength. Things that I noticed when quieted my head from forums.Market has rhythm and it moves up and down depending on news releases.Noticed...

Very Nice!
  • #1,865
  • Oct 29, 2014 1:04pm Oct 29, 2014 1:04pm
Took advantage of news spike
4x short on U/CHF at 95
2x UJ short at 108.40
6xshort on AN 1190-1209

Srt=thanks and green pips to you
Chanlie=Thanks nice of you to drop by.Green pips to you
In trading, you have to be defensive and aggressive at the same time
  • #1,866
  • Nov 6, 2014 2:16am Nov 6, 2014 2:16am
Just missed you, wanna to see you again
  • #1,867
  • Edited 11:07am Jan 21, 2015 9:31am | Edited 11:07am
[Update] Well, I guess instead you can look to the 76.4% retracements (not sure how that 78.2% got in my charts but I fixed it) for pullbacks to continue Loonie weakness rather than any kind of significant reversal like I thought, or at least until we hear what the U.S. Fed has to say next week.

I thought the Loonie had stabilized from the initial shock (at least it looked like it for an entire hour) but now it's lost another full cent, and this while oil prices are rising. The Aussie decided to shed half a cent as well. I'll wait to see what the Asian session brings and re-evaluate the situation. [end]

---

I guess it's central bank surprise week. First the Franc, then ECB QE a day early (whipsaw reaction is currently re-reversing), and now the BOC joined the party with an unexpected rate cut (fine position for trading but crappy if you're Canadian and want to buy stuff).

Both CAD/JPY and USD/CAD landed right where you'd want a reversal or pullback, or where I'd like them in any case, but your mileage may vary.


CAD/JPY daily
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USD/CAD monthly
Attached Image (click to enlarge)
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[addendum] Somehow I had $10,000 of Yen shorted in my account that should have zeroed out when I exited my USD/Yen short at 117.4. I have no idea how that happened but it cost me $200. I'll leave it for the moment and hope for some Yen weakness to recover some of that rather than eating all of it.
You can always make money tomorrow provided you don't lose it today.
  • #1,868
  • Apr 15, 2015 10:04am Apr 15, 2015 10:04am
Hi friends took much needed break to clean my head.
Trading on full power. UP 35% this month and since Jan Feb March 10-15%
Took a beating at the end of 2014 but recovered.
went 22-0 so far April
Attached Image (click to enlarge)
Click to Enlarge Name: aprril.PNG Size: 12 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,869
  • Apr 15, 2015 10:07am Apr 15, 2015 10:07am
Quoting Davit
Hi friends took much needed break to clean my head. Trading on full power. UP 35% this month and since Jan Feb March 10-15% Took a beating at the end of 2014 but recovered. went 22-0 so far April {image}
Impressive!
  • #1,870
  • Apr 15, 2015 10:36am Apr 15, 2015 10:36am
Hey there, welcome back!
  • #1,871
  • Apr 15, 2015 12:53pm Apr 15, 2015 12:53pm
Quoting Davit
Hi friends took much needed break to clean my head. Trading on full power. UP 35% this month and since Jan Feb March 10-15% Took a beating at the end of 2014 but recovered. went 22-0 so far April {image}
Nice to see you again WB
  • #1,872
  • Apr 15, 2015 4:11pm Apr 15, 2015 4:11pm
Quoting Davit
Hi friends took much needed break to clean my head. Trading on full power. UP 35% this month and since Jan Feb March 10-15% Took a beating at the end of 2014 but recovered. went 22-0 so far April {image}
Ahhh Davit you're back.

Nice to see you
Come with me if you want to live....
  • #1,873
  • Apr 15, 2015 9:58pm Apr 15, 2015 9:58pm
Quoting Davit
Hi friends took much needed break to clean my head. Trading on full power. UP 35% this month and since Jan Feb March 10-15% Took a beating at the end of 2014 but recovered. went 22-0 so far April {image}
Finally, the thread's life is back with full zeal.
Glad to see you again friend.
Warm WELCOME......
Azfar
  • #1,874
  • Apr 15, 2015 11:52pm Apr 15, 2015 11:52pm
Quoting azfarjaved
{quote} Finally, the thread's life is back with full zeal. Glad to see you again friend. Warm WELCOME...... Azfar
Thanks friend! Lets make this year count!!
Quoting Ill-b-back
{quote} Ahhh Davit you're back. Nice to see you
Nice to be back.I shed away lots of BS.Thanks for Welcome
Quoting JimmyC
{quote} Nice to see you again WB
Thanks bro
Lot more focused now.Lets burn this place with $$
Quoting sakisf
Hey there, welcome back!
Hi my Greek friend!
Thank you!
Quoting Idkurv
{quote} Impressive!
Hi Idkurv
I hope this momentum continues.I know now what not do.Takes years to figure that.

Regards to all guys!
In trading, you have to be defensive and aggressive at the same time
  • #1,875
  • Apr 15, 2015 11:57pm Apr 15, 2015 11:57pm
I got little surprised the aggressiveness of UC drop.I exited my shorts way too early at 2450.Can't complain made more then decent money this month so I am not overly critical of myself...
Crude trading at 56 jump from 51 which explains UC drop.I think there is room for correction on Crude and UC and I will resume my shorts again.
UJ interestingly has plenty of room on Bear side watching that now.
In trading, you have to be defensive and aggressive at the same time
  • #1,876
  • Apr 16, 2015 12:02am Apr 16, 2015 12:02am
Quoting Davit
I got little surprised the aggressiveness of UC drop.I exited my shorts way too early at 2450.Can't complain made more then decent money this month so I am not overly critical of myself... Crude trading at 56 jump from 51 which explains UC drop.I think there is room for correction on Crude and UC and I will resume my shorts again. UJ interestingly has plenty of room on Bear side watching that now.
Hi Davit,
Yes UJ is in my watchlist too...

UJ Weekly chart is interesting ...
Attached Image (click to enlarge)
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  • #1,877
  • Apr 16, 2015 12:05am Apr 16, 2015 12:05am
Quoting Davit
{quote} Thanks friend! Lets make this year count!! {quote} Nice to be back.I shed away lots of BS.Thanks for Welcome {quote} Thanks bro Lot more focused now.Lets burn this place with $$ {quote} Hi my Greek friend! Thank you! {quote} Hi Idkurv I hope this momentum continues.I know now what not do.Takes years to figure that. Regards to all guys!
Hi Davit, good to see you back mate. Nothing better than a come back success story. Good luck and many pips to you.

Early Bird catches the worm......
  • #1,878
  • Apr 16, 2015 12:12am Apr 16, 2015 12:12am
Quoting Idkurv
{quote} Hi Davit, Yes UJ is in my watchlist too... UJ Weekly chart is interesting ... {image}
Lots of room to the downside with momentum seeming to wain.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYAPRIL16_1D.png Size: 61 KB
  • #1,879
  • Apr 16, 2015 12:21am Apr 16, 2015 12:21am
Quoting squawk
{quote} Lots of room to the downside with momentum seeming to wain. {image}
Hi Squawk
I noticed EU and GU already taking a dive.To me its wait for UJ to test 1.20 then see how market reacts.
Not taking shorts on UJ yet. Too early in my opinion
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,880
  • Apr 16, 2015 12:25am Apr 16, 2015 12:25am
Quoting Idkurv
{quote} Hi Davit, Yes UJ is in my watchlist too... UJ Weekly chart is interesting ... {image}
To me UJ is in a range 118.50 to 120-121+
Unless something fundamentally happens market will adhere to this range.
Yen is managed currency. BOJ heavily buys/ sells and they want it in this range unless US fundamentals change.Because of this Yen can behave at times baffling
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 51 KB
In trading, you have to be defensive and aggressive at the same time
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