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Davit's Confluence Trading

  • #1,981
  • May 12, 2015 10:55am May 12, 2015 10:55am
Trip to memory lane
LA still love you
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #1,982
  • May 12, 2015 11:06am May 12, 2015 11:06am
Quoting Davit
Looks like they are pushing the pound to extreme to take all stops.GU has been going up 180+pips in last 5days It may fizzle out soon Added 1 more long on EG at 7157 total 5
Wait till you see GBPJPY and GBPNZD. More than 600pips there. Not trading pound pairing anytime soon until the craziness stop
  • #1,983
  • May 12, 2015 11:30am May 12, 2015 11:30am
Quoting FxLapozi
{quote} Wait till you see GBPJPY and GBPNZD. More than 600pips there. Not trading pound pairing anytime soon until the craziness stop
I am committed on EG.To me is harmonically good long. Every trade has cons and pros.That's just trading.
Could I been early on my entries-Sure!but that's always easier said on 20/20
REgards
In trading, you have to be defensive and aggressive at the same time
  • #1,984
  • May 13, 2015 5:39am May 13, 2015 5:39am
Quoting Davit
{quote} I am committed on EG.To me is harmonically good long. Every trade has cons and pros.That's just trading. Could I been early on my entries-Sure!but that's always easier said on 20/20 REgards
So far so good for your EG
  • #1,985
  • May 13, 2015 6:31am May 13, 2015 6:31am
Quoting FxLapozi
{quote} So far so good for your EG
Closed all my EG longs at 7210
3.5% gain 12% this month so far.Actually my monthly goal of 10% is reached and exceeded and now any gain is gravy
28wins zero losses so far
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #1,986
  • May 13, 2015 6:42am May 13, 2015 6:42am
Looking at GC for short.Set up looks good
In trading, you have to be defensive and aggressive at the same time
  • #1,987
  • May 13, 2015 6:47am May 13, 2015 6:47am
Reason of EG longs closed is previous structure on left which looks formidable
Its very likely we 'll see 7150again and build another set of longs
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #1,988
  • May 13, 2015 6:49am May 13, 2015 6:49am
GC short 8772 8776

BB zone RSI pointing down on daily.To me amazingly BB second deviation usually corresponds harmonic sell buy zones
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #1,989
  • May 13, 2015 7:30am May 13, 2015 7:30am
GC short 8772 8776
closed at 8761 Too much support for my taste at 8760
Minor gain
EDIT
I am going to scalp this shit until it breaks
Short again at 8770, 83
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #1,990
  • May 13, 2015 10:39am May 13, 2015 10:39am
This multichart has the European USD Index values (divide by 125 I believe) but I'm ideally looking at 11,625 as the floor with a retest of 11,740 from the bottom before continuing lower; hopefully coinciding with daily RSI finding resistance at 40. Looking at my eight-hour chart I could see 11,835 might be the better target. Let's call that the range I'd prefer to take on new U.S. dollar shorts.

U.S. Dollar Index (European) daily

Attached Image (click to enlarge)
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You can always make money tomorrow provided you don't lose it today.
  • #1,991
  • May 13, 2015 11:17am May 13, 2015 11:17am
Quoting Davit
Reason of EG longs closed is previous structure on left which looks formidable Its very likely we 'll see 7150again and build another set of longs {image}
I just placed a long entry at 0.7150 with a stop at 0.70. I'll let the USD pairs unwind a bit at look at them again towards the end of the Asian session unless any of the pairs start breaking today's highs. Starting to build gold longs -- I think metal range-trading is about exhausted.
You can always make money tomorrow provided you don't lose it today.
  • #1,992
  • May 13, 2015 12:12pm May 13, 2015 12:12pm
Aussie/Kiwi looks good for 1.10 for the next leg up. Adding long order at expected pullback to 1.075 for the move.

AUD/NZD - daily

Attached Image (click to enlarge)
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You can always make money tomorrow provided you don't lose it today.
  • #1,993
  • May 13, 2015 4:24pm May 13, 2015 4:24pm
I was looking for a Pound/Kiwi pullback to 2.055 and hit one of the daily RSI supports, but looking at my monthly chart 2.08 was price support which will be confirmed as retested from above if it holds, and there's a lot of upside to this pair. I'm thinking 2.42, prior support and the 50% retracement in particular. I'm placing an entry for 2.08 with a stop at 2.07 and will build from there. If it doesn't give me a second chance tonight I'll take a smaller position from a short-term chart and add to it as appropriate.

GBP.NZD daily

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GBP.NZD monthly

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You can always make money tomorrow provided you don't lose it today.
  • #1,994
  • May 13, 2015 10:47pm May 13, 2015 10:47pm
Quoting KADC
Aussie/Kiwi looks good for 1.10 for the next leg up. Adding long order at expected pullback to 1.075 for the move. AUD/NZD - daily {image}
Hi KADC
Wish you good luck on AN. To me its overstretched so no long trade for me.Keep in mind that fib you drew was Nov 2014 high.Different fundies and different values then now.If pressed I rather go short....
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,995
  • May 13, 2015 10:54pm May 13, 2015 10:54pm
Quoting KADC
I was looking for a Pound/Kiwi pullback to 2.055 and hit one of the daily RSI supports, but looking at my monthly chart 2.08 was price support which will be confirmed as retested from above if it holds, and there's a lot of upside to this pair. I'm thinking 2.42, prior support and the 50% retracement in particular. I'm placing an entry for 2.08 with a stop at 2.07 and will build from there. If it doesn't give me a second chance tonight I'll take a smaller position from a short-term chart and add to it as appropriate. GBP.NZD daily {image} GBP.NZD...
I like the GN better long and we may get good pull back on all pound pairs since Election sterling has been on steroid without much else and I anticipate correction.
To me GN is way too fast.Not my trading style. I avoid pairs that travel more then 150 ATR daily. This is why I love the UC and EG slow enough that mistakes won't kill you
In trading, you have to be defensive and aggressive at the same time
  • #1,996
  • May 13, 2015 11:01pm May 13, 2015 11:01pm
Looks like rosy Sterling might get brown peddles soon.

The Bank of England just told us that there is a massive problem with job creation that won't be solved any time soon

Read more: http://www.businessinsider.com/bank-...#ixzz3a5dVyslQ
In trading, you have to be defensive and aggressive at the same time
  • #1,997
  • May 14, 2015 7:22am May 14, 2015 7:22am
Quoting Davit
{quote} Hi KADC Wish you good luck on AN. To me its overstretched so no long trade for me.Keep in mind that fib you drew was Nov 2014 high.Different fundies and different values then now.If pressed I rather go short.... Regards
No, the more valid Fibonacci for me is the black one from the February high. Having topped a 100% retracement I expect a 127% extension to 1.10
You can always make money tomorrow provided you don't lose it today.
  • #1,998
  • Edited 11:12am May 14, 2015 9:25am | Edited 11:12am
Short again at 8770, 83 GC
Stopped out at 8840 -2%

Watching for weakness on this
Edit
Short GC 2x 8890
Edit
Closed above with few +pips. I don't like order flow on this.
In trading, you have to be defensive and aggressive at the same time
  • #1,999
  • May 14, 2015 11:57am May 14, 2015 11:57am
Still waiting for EG to break lower so I can build another set of longs. Price did not break strong 7230 zone for a awhile
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #2,000
  • May 14, 2015 10:14pm May 14, 2015 10:14pm
After my failed attempt shorting GC I am looking at 618 1.90 as turning point for major correction.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
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