Davit's Confluence Trading

Enjoy your vacation.Love skiing!

Got a stack on EG from 704-7018
Most at 704-706

closed my EG longs
decent gain

closed UC shorts
decent profits

Closed some UC shorts
Had TP set at 3315 and got TP on spike.Nice that happens
+310pips
I am flat on USD pairs
Will wait for mama Yellen to speak.

closed NOV +15.5% gain. Happy overall.

Superb trading Davit. Here is my EG stack for +421.0 pips while on vacation.

Closed my UC stack before News.

same here
welcome back
the other chart is my last week trades on UC

I saw the EG spike.Too bad I exited way early.Nice that perhaps the holiday you had forced you to wait.
noticed the 61R? price turn around

[quote=Davit;8626449]{quote} I saw the EG spike.Too bad I exited way early.Nice that perhaps the holiday you had forced you to wait. noticed the 61R? price turn around[/quote

That is very true Davit, I only checked my charts at major market opens and then once every 3-4 hours while on vacation. I will be back to normal trading by Monday.

[quote=Pipsninja;8626630]
closed another set on UC
over 500pips today

Awesome trading Davit. Here is my AJ stack for +614.0 pips

Hey davit, how are you? what's you thinking about tonight news? I am reading that even if they raises rates we could still see dollar weaken!

My trading is involving.Happy to say I am better now then before and still have much to learn.Learning never stops

If you want to follow me here are my indicators and template.

template and how to use everything

Grab candles modified with 10EMA
1.Price below 10EMA 15-30min chart
2.Red
3.TDI turning South with sharp angle
4.Check for major S/R Round number if clear
5.Anglator showing Red 15.30min chart and best when higher TF matches or green for bulls
6Trade taken
Opposite true with yellow bull candles and price above 10EMA

Importance of black candles.Black means range indecision.Avoid trading it.

Very simple

To give you an idea what to look for
AN below 10 red candle TDI turning south.Has good potential for short.Wait for next week to see price action

Let me add that this is confluence trading and I will periodically post harmonics fibs and pivots.
To me trading is like symphony lots of things come together for great music.
The more I mature as a trader better I see things

Importance of 10EMA
Its a line in the sand that works on all TF's and together with TDI which is RSI+MA works real well.
My TDI setting is faster then default.Its my preference.
My preferred TF is 15 30 and once price clears my entries I like to maximize the distance TP
I am firm believer that winners must run longer then losers.
1st week of march 18% gain

Hi GS and others
Next week major week Feds and its impact on all majors
Aussie has been going up rather unusually strong and we had 19% jump Iron ore but fundamentals with China still slowing down hence will not last long.
I anticipate Aussie sell off coming up soon.

Price is dropping already on Iron
http://www.afr.com/business/mining/i...0160311-gnh73l
Ore with 62 per cent content delivered to Qingdao retreated 1.4 per cent to $US57.09 a dry metric ton, according to Metal Bulletin. The price has declined every day after Monday's 19 per cent rally to $US63.74, the biggest gain in daily data going back to 2009. Friday's drop was foreshadowed by losses in futures in Singapore, which fell near $US50.
"The insane rise at the start of the week was irrational and is unlikely to continue," Huang Huiwen, an analyst at Shanghai Cifco Futures Co, said before the Metal Bulletin data was released. "Usually after a period of abrupt gains, prices tend to drop back quite sharply. I think we'll see that in iron ore."
Iron ore has advanced in 2016, surprising many forecasters who'd expected a fourth year of losses driven by a global glut and slowing demand for steel in China, the largest user. Prices had surged on Monday after bullish comments on growth from China's leadership, spurring speculation that some investors had been forced to rush to reverse bets on losses. After the jump, Goldman Sachs Group and Citigroup reiterated bearish forecasts, and producer BC Iron said that it expected a retracement.
"There's not going to be a huge increase in steel demand, I think most people get that," said Huang. "A reasonable price range for iron ore should be between $US45 and $US55."

More chart on AJ