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Davit's Confluence Trading

  • #2,001
  • Edited 1:23am May 15, 2015 1:07am | Edited 1:23am
Short GU
5764 5763 5767
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In trading, you have to be defensive and aggressive at the same time
  • #2,002
  • May 15, 2015 4:19am May 15, 2015 4:19am
Quoting Davit
Short GU 5764 5763 5767 {image}
Me to......

Waiting to break this level, the last push that had any decent volume behind it. Until then I am cautious on the trade. Good luck Davit.
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  • #2,003
  • May 15, 2015 4:40am May 15, 2015 4:40am
Quoting Davit
Short GU 5764 5763 5767 {image}
In these trades too since 2 days ago. The movement speed isn't as I expected though. Am targeting 5665/5670. Might scalp there since there is a zone of price rejection at 1H chart.
  • #2,004
  • May 15, 2015 6:52am May 15, 2015 6:52am
Quoting Davit
Short GU 5764 5763 5767 {image}
Closed all at 5712 2.5% gain


While it may go lower I rather take my 2.5% equity gain today.
Looking keenly at EG and UC for trades soon
In trading, you have to be defensive and aggressive at the same time
  • #2,005
  • Edited 7:36am May 15, 2015 6:59am | Edited 7:36am
Quoting squawk
{quote} Me to...... Waiting to break this level, the last push that had any decent volume behind it. Until then I am cautious on the trade. Good luck Davit. {image}
Good luck Squawk
I think this is a runner!but market is king.

Short UC 2025 I am going to build my shorts on this.It could be early but Its good enough for me starting light.
There is fundemetal shift on Feds and Economy.I don't think Feds will raise IT in 2015.Things are going badly now and may get worse

Added
UC short 2030 36

Finally EG is going down. My long zone is 7150-60
In trading, you have to be defensive and aggressive at the same time
  • #2,006
  • Edited 7:21am May 15, 2015 7:11am | Edited 7:21am
UC chart
I love the Canadian dollar.I made close to 80% all my trades this year buying the CD.It has served me well.
My favorite part 100 ATR last 20days. Very forgiving on mistakes
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In trading, you have to be defensive and aggressive at the same time
  • #2,007
  • May 15, 2015 7:17am May 15, 2015 7:17am
Quoting Davit
UC chart {image}
Didnt wait for the news before opening your shorts eh? Got a feeling it might be heading North before more South movement.
  • #2,008
  • May 15, 2015 7:24am May 15, 2015 7:24am
Quoting FxLapozi
{quote} Didnt wait for the news before opening your shorts eh? Got a feeling it might be heading North before more South movement.
Sometimes good prices are pre- news if you anticipate Green numbers
Your reasoning is solid and that's why my positions are light but decent enough to make it worth effort.

Take a look at my chart.Every rally has been sold. UC is clearly on downtrend
In trading, you have to be defensive and aggressive at the same time
  • #2,009
  • May 15, 2015 7:32am May 15, 2015 7:32am
Wow 2.9 MS South here we come!
In trading, you have to be defensive and aggressive at the same time
  • #2,010
  • May 15, 2015 7:41am May 15, 2015 7:41am
Davit, what colour are your red candles? Brick? Like them low contrast ones better.
  • #2,011
  • May 15, 2015 7:45am May 15, 2015 7:45am
Quoting sakisf
Davit, what colour are your red candles? Brick? Like them low contrast ones better.
Hi brother
good to hear from you. Its brown but looks darker against my custom background 108,91,74
regards
In trading, you have to be defensive and aggressive at the same time
  • #2,012
  • May 15, 2015 7:47am May 15, 2015 7:47am
I am using the same from your previous setup (copycat!), just bit bored with black and white and that brown looks nice.
  • #2,013
  • May 15, 2015 7:50am May 15, 2015 7:50am
Quoting sakisf
I am using the same from your previous setup (copycat!), just bit bored with black and white and that brown looks nice.
GU is holding on to 57. There is clear weakness on USD and we could see longer term weakening so I wont be surprised to see 1.60 by summer end.

Placed a larger order limit short at 2080 on UC and another short at 2047
In trading, you have to be defensive and aggressive at the same time
  • #2,014
  • May 15, 2015 7:59am May 15, 2015 7:59am
Not sure how long this weakness will last - I can see GU go up to 1.5860 but not further at least this month. But seeing u/chf today I don't think it's a good idea to go short usd before you notice more weakness in it by next week. Both U/chf & U/cad made bottoms it seems to me. If they don't break out above, they might just range for a few days. Also oil doing a retrace might not help you with cad longs.
  • #2,015
  • May 15, 2015 8:00am May 15, 2015 8:00am
Need 72 to break on EG
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In trading, you have to be defensive and aggressive at the same time
  • #2,016
  • May 15, 2015 8:07am May 15, 2015 8:07am
Quoting sakisf
Not sure how long this weakness will last - I can see GU go up to 1.5860 but not further at least this month. But seeing u/chf today I don't think it's a good idea to go short usd before you notice more weakness in it by next week. Both U/chf & U/cad made bottoms it seems to me. If they don't break out above, they might just range for a few days. Also oil doing a retrace might not help you with cad longs.
Good points.I am ok holding to some DD on CAD I get +swap.We will see 119 again by months end.
regards
In trading, you have to be defensive and aggressive at the same time
  • #2,017
  • May 15, 2015 8:33am May 15, 2015 8:33am
Quoting Davit
{quote} Good luck Squawk I think this is a runner!but market is king. Short UC 2025 I am going to build my shorts on this.It could be early but Its good enough for me starting light. There is fundemetal shift on Feds and Economy.I don't think Feds will raise IT in 2015.Things are going badly now and may get worse Added UC short 2030 36 Finally EG is going down. My long zone is 7150-60
I think Fed needs to raise to has something when economy turns. They are running out of time to raise and probably should have raised last year.

Watching E/G as well.

Tribute to the King
Inserted Video


BB King and Gary Moore.
  • #2,018
  • May 15, 2015 12:01pm May 15, 2015 12:01pm
Quoting squawk
{quote} I think Fed needs to raise to has something when economy turns. They are running out of time to raise and probably should have raised last year. Watching E/G as well. Tribute to the King https://www.youtube.com/watch?v=iUaevnP1LLg BB King and Gary Moore.
BBKing RIP
One of my favorite blues artist.As amateur guitarist myself I love his minimalistic style.

On trading
EG shoots high without breaking 72. This is significant and could reach 74-75 however I am little skeptical of 1st spikes and I 'll wait for pullback
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In trading, you have to be defensive and aggressive at the same time
  • #2,019
  • May 15, 2015 12:05pm May 15, 2015 12:05pm
There is nice harmonic pattern on UC 5min chart opertunity to get in on short if desired.
crude is recovering. Good for UC short
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In trading, you have to be defensive and aggressive at the same time
  • #2,020
  • May 15, 2015 12:17pm May 15, 2015 12:17pm
Guys takes a look at UC chart I posted earlier and notice how Price spiked and hit TL and dived down.Amazing isn't It?
Take a look post 2006 same chart but price was not touching TL yet.
My placement of price was off by 10pips.Now looking closer little higher was correct.So we have classic 45% downtrend price respecting TL
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In trading, you have to be defensive and aggressive at the same time
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