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Davit's Confluence Trading

  • #2,141
  • Nov 19, 2015 12:34am Nov 19, 2015 12:34am
larger scale daily there is nice harmonics
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In trading, you have to be defensive and aggressive at the same time
  • #2,142
  • Nov 19, 2015 12:38am Nov 19, 2015 12:38am
One of my favorite pairs AC is having R at 38R
Prefer to short this at 61R at 9550
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In trading, you have to be defensive and aggressive at the same time
  • #2,143
  • Nov 19, 2015 1:19am Nov 19, 2015 1:19am
Quoting Davit
Closed a GC batch +275 pips UC BE from my previous DD trades which I am very glad to get out.Overall very green side this month. Weird that same pips as PipsN!Nice serendipity {image}
Nice trading buddy.
Trading can't be taught but it can be learned
  • #2,144
  • Nov 19, 2015 1:20am Nov 19, 2015 1:20am
Just want to add for beginners.I don't automatically place orders on pivots.PA is king.
Lets look at AC for example.I already stated that PA is having hard time breaking 38R however in 5hrs it also can't break south either hence should be no trade for now.
Notice spiky rejected tails on candles.Bears are in control for now but not strong enough to drive south.
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In trading, you have to be defensive and aggressive at the same time
  • #2,145
  • Nov 19, 2015 1:22am Nov 19, 2015 1:22am
Quoting Pipsninja
{quote} Nice trading buddy.
you same as well
Need UJ to go south but that may take some time.
regards
EG testing the lows 61S 6990 but not getting flustered.Targeting 71-72
In trading, you have to be defensive and aggressive at the same time
  • #2,146
  • Nov 19, 2015 4:14am Nov 19, 2015 4:14am
Quoting Davit
{quote} you same as well Need UJ to go south but that may take some time. regards EG testing the lows 61S 6990 but not getting flustered.Targeting 71-72
I am on that EG train with a few positions buddy.
Trading can't be taught but it can be learned
  • #2,147
  • Nov 19, 2015 9:19am Nov 19, 2015 9:19am
Oil is on dangerous level at 40
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In trading, you have to be defensive and aggressive at the same time
  • #2,148
  • Nov 20, 2015 6:59am Nov 20, 2015 6:59am
closed EG trades.Decent gain.
Wanted to hold longer but PA+Draghi killed my longs.Draghi is too dovish.
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In trading, you have to be defensive and aggressive at the same time
  • #2,149
  • Nov 23, 2015 1:33pm Nov 23, 2015 1:33pm
Quoting Davit
closed EG trades.Decent gain. Wanted to hold longer but PA+Draghi killed my longs.Draghi is too dovish. {image}
Nice pipping buddy. I have got a few stacks running.
Trading can't be taught but it can be learned
  • #2,150
  • Nov 24, 2015 7:56am Nov 24, 2015 7:56am
UJ stack closed for +156.0 pips.
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Trading can't be taught but it can be learned
  • #2,151
  • Nov 24, 2015 12:29pm Nov 24, 2015 12:29pm
Quoting Pipsninja
UJ stack closed for +156.0 pips. {image}
great job!!
In trading, you have to be defensive and aggressive at the same time
  • #2,152
  • Nov 24, 2015 12:30pm Nov 24, 2015 12:30pm
Closed UC shorts
+266pips
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In trading, you have to be defensive and aggressive at the same time
  • #2,153
  • Nov 24, 2015 12:33pm Nov 24, 2015 12:33pm
beauty of fibs
check out PA reverse right on 61R
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In trading, you have to be defensive and aggressive at the same time
  • #2,154
  • Edited 4:04pm Nov 24, 2015 3:48pm | Edited 4:04pm
Got some minor DD but overall NOV is my lowest gain so far 12%
Happy overall.Important to me is building equity quick.
Sharp decline in the chart is losses taken so yes I do take losses.For me most importance is account management.
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In trading, you have to be defensive and aggressive at the same time
  • #2,155
  • Nov 24, 2015 3:50pm Nov 24, 2015 3:50pm
Love to see EG come lower like 7030-40 to start long term longs.Carney basically said no hike in considerable future.In my book that means sell the Pound
In trading, you have to be defensive and aggressive at the same time
  • #2,156
  • Edited 9:28pm Nov 24, 2015 8:53pm | Edited 9:28pm
Just browsing some threads at FF and I often find people stating things like
"I trade with the trend monthly bull then daily I am bull"
Sounds nice and dandy but as contrarian trader I find this approach flawed.Trends end,trends go into deep corrections.On monthly that could be 300-500pips.Are you willing to have that much DD?and when does one pulled the plug and say trend is reversed!
I love Elliot wave theory and Fibs and that already says a lot about trends.

Great example UJ peaked at 125.30 in May and by July reached 115.90 that's roughly 900pips decline
Had you bought UJ at 124-125 you would of been fked.Yes Monthly was up
Not bashing trend traders just saying just because trend is up now does not mean it will continue going up.
Just closed batch of UC trades and all were shorts in "up" trend
One pair that is overreaching is AC now.Got lots of shorts on it
In trading, you have to be defensive and aggressive at the same time
  • #2,157
  • Nov 24, 2015 10:08pm Nov 24, 2015 10:08pm
Just posting one of my favorite games I played today.I played black.Almost even position but I mated nicely I think.(kind of addicted to it.I play in between trades)
1.d4d5
2.c4dxc4
3.e4Nf6
4.Bxc4Nxe4
5.Qf3Nf6
6.Bg5e6
7.Bxf6Qxf6
8.Qxf6gxf6
9.Nf3Bb4+
10.Nc3Bxc3+
11.bxc3Nc6
12.O-OBd7
13.Rab1O-O-O
14.d5exd5
15.Bxd5Rhf8
16.Rb2b6
17.Rfb1Ne5
18.Be4f5
19.Bd5Nd3
20.Rd2Nc5
21.c4Be6
22.Rbd1Rd6
23.Ng5Bxd5
24.cxd5f6
25.Nf3Ne4
26.Rd4Rfd8
27.Nh4Nc3
28.R1d3Nb5
29.Rb4Rxd5
30.Rxd5Rxd5
31.g3Nd4
32.Kg2c5
33.Rb1Kc7
34.Re1Kd6
35.Re8Re5
36.Ra8Re7
37.Rd8+Rd7
38.Rf8Ke6
39.Kf1c4
40.Ke1c3
41.Re8+Kf7
42.Rh8Kg7
43.Rc8Nb5
44.Nxf5+Kg6
45.Ne3Re7
46.Ke2a5
47.Kd3Rd7+
48.Kc2Rd2+
49.Kb3Rxf2
50.a4Nd4+
51.Kxc3Ne6
52.Rg8+Kf7
53.Rg4Rxh2
54.Kd3Ra2
55.Rc4Ra3+
56.Ke4Nc5+
57.Kd4Rd3#
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #2,158
  • Nov 24, 2015 10:24pm Nov 24, 2015 10:24pm
Superb trading Davit.

My EG stack +206.0 pips.

I dedicated one of my trading accounts to trade this method exclusively from Nov. 9th up to now and gained +22.0%. I just wanted to thank Davit for all that he has shared selflessly this has been an eye opener for me, may you an your family are blessed abundantly my friend.
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Trading can't be taught but it can be learned
  • #2,159
  • Nov 24, 2015 10:34pm Nov 24, 2015 10:34pm
Quoting Pipsninja
Superb trading Davit. My EG stack +206.0 pips. I dedicated one of my trading accounts to trade this method exclusively from Nov. 9th up to now and gained +22.0%. I just wanted to thank Davit for all that he has shared selflessly this has been an eye opener for me, may you an your family are blessed abundantly my friend. {image} {image}
22% That's a party!!
Very nice and best part almost stress free.Small adds up quick.Wish you the best as well.
Hang on to EG longs Carney is backpedaling on rates.This could become beginner of long term bull EG correction to 74-76
Much remains what Draghi will do.I anticipate nothing because Euro is too cheap already.Anyway keep it going
Regards
In trading, you have to be defensive and aggressive at the same time
  • #2,160
  • Nov 24, 2015 10:40pm Nov 24, 2015 10:40pm
Quoting Davit
{quote} 22% That's a party!! Very nice and best part almost stress free.Small adds up quick.Wish you the best as well. Hang on to EG longs Carney is backpedaling on rates.This could become beginner of long term bull EG correction to 74-76 Much remains what Draghi will do.I anticipate nothing because Euro is too cheap already.Anyway keep it going Regards
Thanks buddy, I am taking the next 10 Days off, I may do a few position trading trades but nothing else. Going away to be with family on Thanksgiving followed by a Ski trip.
Trading can't be taught but it can be learned
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