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Davit's Confluence Trading

  • #2,081
  • Nov 12, 2015 11:13am Nov 12, 2015 11:13am
Quoting Davit
Going to post my current template and indicators For the record trading my method I yielded 30+% a month last 4 months. {file} {file} {file} {file} {file} {file} {file} {file}
Kepp up the good work mate
  • #2,082
  • Nov 12, 2015 11:19am Nov 12, 2015 11:19am
Quoting josh11
{quote} Kepp up the good work mate
Thanks Josh I feel like not really belonging on LK thread.Not fair to her because I seldom traded the way system was laid.
What I liked was TDI and I always liked RSI and throw in kick ass pivots and just matter of printing money.
Welcome
In trading, you have to be defensive and aggressive at the same time
  • #2,083
  • Nov 12, 2015 11:20am Nov 12, 2015 11:20am
Quoting Davit
Going to post my current template and indicators For the record trading my method I yielded 30+% a month last 4 months. Eliminated unnecessary noise by beginners asking basic questions.This is advance trading and once you earn your stripes you can post. {file} {file} {file} {file} {file} {file} {file} {file}
You are doing great buddy
Sad i'm not trying to understand PA
  • #2,084
  • Nov 12, 2015 11:22am Nov 12, 2015 11:22am
There is lot of BS intellectual talk about trading but handful here actually can pull the trigger.
Take a look at this chart and many like it.Obvious isn't it?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 45 KB
In trading, you have to be defensive and aggressive at the same time
  • #2,085
  • Nov 12, 2015 11:23am Nov 12, 2015 11:23am
Quoting omonisha
{quote} You are doing great buddy
Thanks friend lets rip off those pips!!
In trading, you have to be defensive and aggressive at the same time
  • #2,086
  • Nov 12, 2015 11:25am Nov 12, 2015 11:25am
Currently short on UJ UC GC
In trading, you have to be defensive and aggressive at the same time
  • #2,087
  • Nov 12, 2015 11:34am Nov 12, 2015 11:34am
Quoting Davit
Short GC on multiple positions {image}
i am also short but i have no much faith on this trade. looks like there will be a double top at least
Attached Image (click to enlarge)
Click to Enlarge Name: gc.png Size: 26 KB
As Above, So Below
  • #2,088
  • Nov 12, 2015 11:40am Nov 12, 2015 11:40am
Quoting Davit
{quote} Thanks Josh I feel like not really belonging on LK thread.Not fair to her because I seldom traded the way system was laid. What I liked was TDI and I always liked RSI and throw in kick ass pivots and just matter of printing money. Welcome
I really like your work I am trying to gain more knowledge of fundementals, I have been reading kathy lien as you suggested and really like her work

Is there any other analysis you would recommend?

Thanks
  • #2,089
  • Nov 12, 2015 11:40am Nov 12, 2015 11:40am
Quoting tashkent
{quote} i am also short but i have no much faith on this trade. looks like there will be a double top at least {image}
I Will be holding this even next week.G pairs tend to drop fast and also go up fast.Confident we'll see minimum 20150 next week
Well that's my rational.
In trading, you have to be defensive and aggressive at the same time
  • #2,090
  • Nov 12, 2015 11:44am Nov 12, 2015 11:44am
Quoting josh11
{quote} I really like your work I am trying to gain more knowledge of fundementals, I have been reading kathy lien as you suggested and really like her work Is there any other analysist you would recommend? Thanks
I read articles in general to get a sense where we are heading.Nobody in particular .I focus lot on oil and CAd pairs.Cad has been oversold and I basically sell the swing tops. OIl last 4 months 40-51 and median price at 45.5 so we will see oil getting there and higher pushing Cad lower.This pendulum movement is great in position trading.
In trading, you have to be defensive and aggressive at the same time
  • #2,091
  • Nov 12, 2015 11:45am Nov 12, 2015 11:45am
Quoting Davit
{quote} I read articles in general to get a sense where we are heading.Nobody in particular .I focus lot on oil and CAd pairs.Cad has been oversold and I basically sell the swing tops. OIl last 4 months 40-51 and median price at 45.5 so we will see oil getting there and higher pushing Cad lower.This pendulum movement is great in position trading.
  • #2,092
  • Nov 12, 2015 11:45am Nov 12, 2015 11:45am
Quoting Davit
{quote} I Will be holding this even next week.G pairs tend to drop fast and also go up fast.Confident we'll see minimum 20150 next week Well that's my rational.
if holding for longer term, makes sense. overall bias is down. i will add if makes double top and will be final position.

also took couple of eu shorts, lets see how will playout
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 29 KB
As Above, So Below
  • #2,093
  • Nov 12, 2015 11:48am Nov 12, 2015 11:48am
Why pivots? Simple price reacts to it.
In archaeology they grid a site so exploring things become easier.Same with pivots.Throw on price and things make lot more sense
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #2,094
  • Nov 12, 2015 11:50am Nov 12, 2015 11:50am
Quoting tashkent
{quote} if holding for longer term, makes sense. overall bias is down. i will add if makes double top and will be final position. also took couple of eu shorts, lets see how will playout {image}
Personally EU is way oversold and can shoot up like a rocket on any BS news.
Just place your stops to be safe
something to keep in mind
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 56 KB
In trading, you have to be defensive and aggressive at the same time
  • #2,095
  • Nov 12, 2015 11:59am Nov 12, 2015 11:59am
Quoting Davit
{quote} Personally EU is way oversold and can shoot up like a rocket on any BS news. Just place your stops to be safe
sure, safety first, always
As Above, So Below
  • #2,096
  • Nov 12, 2015 12:06pm Nov 12, 2015 12:06pm
Quoting tashkent
{quote} sure, safety first, always
EG 7060 below is worth building positions long side.That's my intention.72-74 TP
2 bounces at 38S
Want this shit back down to load up
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 38 KB
In trading, you have to be defensive and aggressive at the same time
  • #2,097
  • Nov 12, 2015 12:11pm Nov 12, 2015 12:11pm
People argue about fibs are wasting time
Take a look 3 touches exactly same at 61R to T
Look left...
Now same chart without pivots
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH4.png Size: 43 KB
In trading, you have to be defensive and aggressive at the same time
  • #2,098
  • Nov 12, 2015 12:14pm Nov 12, 2015 12:14pm
its like digging archaeological site without grid.Yes you can guess but trading it is lot more challenging.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH4.png Size: 39 KB
In trading, you have to be defensive and aggressive at the same time
  • #2,099
  • Nov 12, 2015 12:16pm Nov 12, 2015 12:16pm
Quoting Davit
{quote} EG 7060 below is worth building positions long side.That's my intention.72-74 TP 2 bounces at 38S Want this shit back down to load up {image}
i will look into eg, currently short ea, looks like there is a good opportunity
Attached Image (click to enlarge)
Click to Enlarge Name: ea.png Size: 25 KB
As Above, So Below
  • #2,100
  • Nov 12, 2015 12:18pm Nov 12, 2015 12:18pm
Quoting tashkent
{quote} i will look into eg, currently short ea, looks like there is a good opportunity {image}
GC is coming down sometimes needs time
In trading, you have to be defensive and aggressive at the same time
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