David Jefferson aka: Rave55 (Technical Analysis Trading Method)

[pipsalots]

@petersurrey

Hi David can you please explain how you would have tackled this Friday UC trade? Note the daily and 1 hour 23 and 38 fibs line up with the 100SMA for a short - confirmed on the 15 minute charts with an engulfing short - but quickly reversed back up through the SMA and heads off in the other direction…

Here you go Pete, this is what I did.

[petersurrey]

Thanks pipsalots and like joffie you would have got in before the BB zone on a double bottom test of support level…so perhaps BB zones are not as essential for entries or waiting for the price action at BB zones…take this example of the GU bouncing off a tripple resistance level for example…not necessarily where the key SMA/FIB levels meet…

[pipsalots]

Thanks Pete another on the EUR/USD, I find zigzag helps me big time…

[yunny1]

This is the way I am seeing things with David strategy… USD/CAD

Since it is a intraday strat I try to draw my fibs with the day before highs and lows…then look for the congestion/confluence area and wait for PA/divergence/123 confirmation

1 HOUR CHART

http://i1086.photobucket.com/albums/j449/yunny11/eurusd91.png

Just trying to learn any comments welcome…

[dennis14685]

Okay here is my questions…

Do you like the structure in which the analysis is delivered here, or do you feel its hard to understand.

Do you find the thread to be hectic/frantic and hard to follow

Do I explain things clearly

Would you prefer another way of me delivering the analysis and charts (style/format)

David

its all good david, i just follow the posts then edit them into a pdf and format them, its the best tread i ever came across thank you so much

[dennis14685]

@joffie

David,

Noted and will make sure I use this going forward, I did wounder if I should have my protected stop outside the pro money zone, bit like supply and demand zones that I used to use. But it turned out the trade was bearish after all, and to me the zone has been breached to the downside, and next week will be the time to search for a sell. Now price has broken the zone and closed below on the 1hr and also the 100sma. I really like this type of trading, and for once I know why I was stopped out.

With regards with a later post you made, every thing is great to me, has been since last forum. I find your teaching of how to trade ( not just telling when to trade ) a very well deserved thankyou from me and everyone else here. See you on twitter.

joffie

I Joffie, I will direct this question to you as i do not wanna take up davids time on stuff he answered before. I am a bit confused but i may be right, i am not sure how to make the bbzone, i think i am just using the last major swing high or swing low? then looking for confluance around the 50 fib and so on is that right? thanks joffie

[dennis14685]

i am making davids stuff in the a un edited word dox or pdf once its current im on page 29 now i will post

[dennis14685]

Hope this helps, British saying from a comedy show, means fool or idiot

Del Boy's Plonker Compilation!

i love that only fools and horses plonker, nice one

[gs8888]

This is the way I am seeing things with David strategy… USD/CAD

Since it is a intraday strat I try to draw my fibs with the day before highs and lows…then look for the congestion/confluence area and wait for PA/divergence/123 confirmation

1 HOUR CHART

http://i1086.photobucket.com/albums/j449/yunny11/eurusd91.png

Just trying to learn any comments welcome…

Hello Yunny1, Am i correct assuming that you are trading the gap ? I mean, the distance between price and the MA’s ? Cause the trade u plotted is against the bias.
From what i’ve read, for a sell, the BB zone should be on high and vice versa for buy.

[gs8888]

we came to learn from david not investigate , give it a break

If you don’t mind, May i know to whom you are directing your post to ?

[petersurrey]

Thanks Pete another on the EUR/USD, I find zigzag helps me big time…

…yes I can see how they help - thanks pipsalots…

[yunny1]

Hello Yunny1, Am i correct assuming that you are trading the gap ? I mean, the distance between price and the MA’s ? Cause the trade u plotted is against the bias.
From what i’ve read, for a sell, the BB zone should be on high and vice versa for buy.

About B/B zones

Not necessarily confined, its more of finding a zone that has a confluence of supports or resistance, this could be MA’s with fibs, or MA’s with technical support/resistance. Also the fib levels don’t have to be the 38 and 50, it could easily have been the 23 and 38 or the 23, 38 and 50.

Just look at your charts… 1 hour from previous days, and find the zones that had a confluence/mixture of fib levels with the MA’s or MA’s with S&R. This can be in any order… the MA’s don’t need to be within the S&R or fib levels, they can be above or below… there is no set order.

David

You are right, gs8888. The trade was against the current bias. I am sure is a plus to trade with the trend. In this case (intraday trade) the MA were not in the daily B/B zone… so I constructed the B/B zone with the most elements that I could… congestion and S/R area and then look for PA/123/divergence to get direction and look for retest of the B/B zone.

Remember I am just learning… I am sure David will give us some examples next week…

[dennis14685]

Hi Mrchilled and welcome to the thread…

[I]Point 1: there is absolutely no way one person can take out a 250 million trade
[/I]

[B]Who ever did say one person. I’m pretty sure I said it was a fund/outfit… not a person. Do re-read.
[/B]
[I]Point 1 A:[/I] [I]or single handedly spike down price
[/I]

[B]I think someone needs a little education before they flap their gums. Are you telling me that a fund, CB or IBO cant move price… or spike price… fk me… what moves the market then lol!
[/B]
[I]Point 2: there is no record of a David Jefferson working for Barclays, BarCap or any subsidiary of Barclays
[/I]

[B]Ermm, I wasn’t aware that my previous employers would openly discuss or even give you the time of day on searching through any particular record/file. Not to mention data protection… silly boy.
[/B]
[I]Point 3: a successful trader making large sums of money will have no need to show off about houses, fast cars[/I]

[B]I wouldn’t call it showing off in the sense you refer to, more proud of what I’ve earned and achieved, and proud to show it in public my friend.[/B]

[I]Point 4: this is an interesting thread which I’ll follow but just for all newbies out there, trust no one and never believe anything you read. I predict this thread will fizzle out…[/I]

[B]Pheewww, what do I say to that, but you sound bitter, and deflated about something… had a few losing trades lately?.. just fancy letting out some emotion or something? Your other part of the comment: [I]I predict this thread will fizzle out…[/I] I hope your trading predictions are better than this one, cause if there not… then your ****ed big boy[/B]

I have absolutely no gain from this apart from enjoying helping other traders who need a little lift while I trade. No money is asked for, or charged.

I don’t mean to sound rude or obnoxious, but if you don’t like what I offer here, provide, have to say, or do… then piss off then! No one is holding you to ransom or forcing you to read anything, just leave!

ps: I see you can’t even follow a simple guideline… I did politely ask (first post), that if there was any negative comments, or questions that puzzled you then just PM me. I would then have a chat in private with you on Skype or phone or email to explain things or fix things or help to solve any issues one may have. The thread is for people who are interested and willing to learn with no charge or money asked… sorry if that pisses you off…

David you do not have to waste your time dealing with skeptics we are here to learn apologies from all of us

[charlesk]

Hey Dave,

Hope you’re having a good weekend so far.

I’ve attached a screenshot of options data from IFR, I’m having a hard time figuring out exactly how to decipher it.

There is no historical data to compare to charts, which I think would help immensely, so I am going to take snapshots from this point forward for future backtesting.

Would you be kind enough to answer a few questions I have regarding this?

1. How would you interpret and use this data come Monday?
2. Is this a complete data set, as far as you can tell?
3. If not, What data is missing?
4. How important and/or how much do you pay attention to this?

Thanks again!
Charles

[pipsalots]

…yes I can see how they help - thanks pipsalots…

No problem buddy, yes makes it easier on the entries, especially when one drills down to the 15 min chart, you will find your RRR improves by putting the S/L just above the Zigzag and one can make a RRR of 1:3 or 1:5 on a good day, all good :59:

[dennis14685]

If you don’t mind, May i know to whom you are directing your post to ?

oh sorry it should have been attached with post 290 from Mrchilled so sorry

[EDOBOR_IGBINIGIE]

Wellcome to the forum bro,like John the baptist in the bible,a man sent from God,you are a great addition to the house,thanks for the post & God bless.

[Pedross56]

USD/CAD

Hi David, been rechecking the loonie’s friday close. Price has passed the 100MA and then bounced off the B/B zone.

Chart 1-David’s chart (pg.21 post 207)
Chart 2-1H Fri close
Chart 3-15M 123

Since price and the 100MA are not in the B/B zone together, do we:

• trade the bounce as a short
• wait until price is closes under the 100MA for a short
• wait to see if price retraces to the 100MA and bounces north for a long?

Looking at a 15 min chart we see a 123 pattern with a higher 3 point thus negating a short…

Cheers,
Pete

[pipcompounder]

Small/Medium funds and corporates are not much better… yes they are classed as pro money… but they are not very bright and we used to take advantage of them almost on a daily basis. I remember manipulating a price move on the EUR/GBP at Barclay’s in 2007… few pips… as I heard this outfit was ready to buy over 250 million. I spiked price down down 3 pips under fair value in low volume trade and they took the bait, I then shorted the rest of my position when they bought, which was more money than that particular outfit was worth, they would have had to of taken out leverage in the region of 1/50 to match my position which they couldn’t afford, therefore they executed instant exit which earned Barclay’s around £4.3 million in the matter of minutes. Big fish eats small fish… that’s life!.. I was pretty chuffed with that trade, thats why I remember it :13:

More to come…

This is kind of what I was asking about in an earlier post…so did you just add a sell for slightly more than 250 million, and that was enough to make that profit? How much volume did it take to move the price 3 pips? And how does that work, does it make the price go up or down when you sell a bunch? How does the math work on that…why did the other party have to buy to make you a profit? What happens if you sell and then buy back the same lot size at a significant volume to move price, assuming nobody else has any trades happen during that period? Is it BE? So the big banks really do move the price to pro money area to take out stops intentionally (how does taking out stops equate to profit?) then move the market after that retrace to their target?

[bugmenot2]

so thanks David Jefferson !
very helpfull