David Jefferson aka: Rave55 (Technical Analysis Trading Method)

[BidDiddler]

Yeah, looks like I’m going to get stopped out, moved to BE so not going to be yet another loss but still ******ng depressing. (I should point out that most of the run of losses are not from trying to trade this method).

What was your TP 1:1 RRR?

Edit:

Yep, there she went. Brilliant. I guess at least it’s an improvement. Who knows one day I might actually win one

it closed above the 100 and so closed out.

risk off, risk on - frustrating market.

[jshear]

Thanks Dave !!!

Cheers

Jeff

[charlesk]

Pheeww were do I start lol

I don’t want to go into the whole subject of the workings of options and how to trade options which is really what I would need to do in order to explain a lot of your question. There is a lot to options (delta, gamma, volatility) and that would be an entirely different thread/subject/thread that no doubt would have another 106 pages.

Ive tried to keep the whole option barrier thing on the low down and make it as basic as possible so people wouldnt start asking how options work ect ect ect lol.

IFR normally don’t report what it is on the calendar, but often pretty much tell you on their reports published through the day what it is, by basically saying something in their analysis… for example… here was a real sample of today’s…

EUR/USD 1.2000 and EUR/JPY 94.00 KOs tipped, bids ahead, stops below. Ko’s are knock on’s, Knock off’s (option activation price/deativation), since price was trading around 1.2060-70 when this was published, the the 1.2000 would have been a knock on

Positive gamma may not fade even with EUR/USD 1.2000 break. (The spot movement is increasingly driven by the activity in the options market. When the market is long gamma (positive), market makers as a whole will be buying spot when the exchange rate falls and selling spot when it rises. When the market is short gamma, however, the spot rate can be prone to wide swings as players are either continually selling when prices fall, or buying when prices rise.

A: When market makers are long gamma, spot generally trades in a tighter range.

B: When market makers are short gamma, spot can be prone to wide swings.

EUR/USD vanilla 1.2000, 1.2050 and 1.2100 expires too. (It doesn’t matter if its a put/call… it will be defended and attacked by both sides of the coin with bids and offers. Just trade the first test as I have indicated)

USD/JPY 77.75, AUD/JPY 78.95 and AUD/USD 1.0200 strikes also go off.

GBP/USD 1.5425 vanilla expirations as well.

Thanks David,

I had to do a little research into what Delta and Gamma actually is, here is a decent article I found:
Gamma and its Importance to the FX Trader

[David_Jefferson]

Here is an article on it: Article

Implied Volatilities…

I’m not going to be covering the inner workings of options ect ect as its to much work and there is a fair bit to it all.

So don’t ask me, as I will just ignore you :28:

[gurenu]

I buy AUD/USD when the bullish candle closed at 100 SMA (yellow)… Any comment will be appreciated thank you.

[dennis14685]

Yeah, looks like I’m going to get stopped out, moved to BE so not going to be yet another loss but still ******ng depressing. (I should point out that most of the run of losses are not from trying to trade this method).

What was your TP 1:1 RRR?

Edit:

Yep, there she went. Brilliant. I guess at least it’s an improvement. Who knows one day I might actually win one

Remember to look left on the chart to, i took profit on cable from the first support 1. 54690 easy to see that support on H4 Chart Entered short when the up trend failed to break the 23 fib level. Easy to see that fib level its on last swing low 1 hour chart. Entered short 1.54863 Took profit on the bounce back 1.54742. No momentum so in and out of the trade. Common Sence

[slipp3ryWhippit]

Remember to look left on the chart to, i took profit on cable from the first support 1. 54690 easy to see that support on H4 Chart Entered short when the up trend failed to break the 23 fib level. Easy to see that fib level its on last swing low 1 hour chart. Entered short 1.54863 Took profit on the bounce back 1.54742. No momentum so in and out of the trade. Common Sence

Did look left, did not see any resistance.

Are you sure you are talking about E/U?

Price is currently 1.2157

[slipp3ryWhippit]

I buy AUD/USD when the bullish candle closed at 100 SMA (yellow)… Any comment will be appreciated thank you.

FWIW I think you should look for price to consolidate and hold over the line rather than just a close over the line.

But I wouldn’t listen to me so take it for what it is

[gurenu]

FWIW I think you should look for price to consolidate and hold over the line rather than just a close over the line.

But I wouldn’t listen to me so take it for what it is

Thank you for that one… Actually i am thinking about that since it is not yet confirmed as a support… I try to be more aggressive since i am going to bed… Lol… Hopefully it wil be a postive one if wake up… Good night everbody from Dubai…

[dennis14685]

@slipp3ryWhippit

Did look left, did not see any resistance.

Are you sure you are talking about E/U?

Price is currently 1.2157

GBP was refering to here is that trade, i will post my euro trade in a minute

[zwara]

Hello well i am still reading the thread i’m on the 48 page yet you guys write more quickly then I read ehehe and believe me… 20 pages per day average on the thread WOW congrats David –

first of all Is to Felicitate David cause he is those kind off person we are not used to see in Forex, this guy is really here losing Time = Money just to help us and FOR FREE, wow huge thanks to that David

Now the doubts parts today agter reading till the 48 page i decide to see if i already know or not know to stablish the BBZ zones, i aready know this is not the time to place but imagine we are at 6.30am Gmt and i was calculating the BBZ just be honest here guys am i doing it the right way?? or not??

below are 2 charts 1st one 1h chart today GBP/USD, after the 15min charts same pair…
1h GBP/USD

15min GBP/USD

Thnaks in advance to all that help here…

PS - David you should try portugal instead of spain much much better place to relax and a better people and offcourse nice roads to those cool driving devices you own

PS2 Guys hold the horses a little so i can catch up with you guys … ehehe

[StormGirl]

Same here , reading from the start , but the new pages are adding quicker than i read

[traderjosh]

E/U has just crossed the 100sma and has held on the 1hr chart, and above the 38.2 fib level. I took a long trade at the close of the 1st candle above the 100sma. Hope it works out.

[pipcompounder]

I was looking at same thing, traderjosh, could someone confirm is correction zone between 38 and 50 fibs? should we wait until price closes above 50 fib? or is the close above 38 and 100 SMA good enough?

[PREDITER]

I was looking at same thing, traderjosh, could someone confirm is correction zone between 38 and 50 fibs? should we wait until price closes above 50 fib? or is the close above 38 and 100 SMA good enough?

What’s price showing on the 15min chart?

[traderjosh]

I made my decision based upon Davids instructions on what to do if the price crosses above the 100sma. We are trying to catch the trend early. I believe he said wait for a close (above-below) and then monitor an entry point using either a hold of the next fib line or consolidation above the 100sma. There was also a tweeser formation at that fib line on the 15 min. chart. It wasn’t perfect looking but it was none the less.
Hope this helps. I know I took the trade when David does not trade but this suits me better at the moment as London opens at Midnight for me. I hope to go full time some day and just trade London.

[traderjosh]

I don’t think you always have to be in the zone when you have a new cross of the 100sma, what you need is a close above/below on the 1hr chart and then look for it to hold. David can correct me if I am wrong or certainly add to my thoughts.

[traderjosh]

Its currently flat as it is light trading hours. Price has been rejected a few times at the fib.

[slipp3ryWhippit]

I don’t think you always have to be in the zone when you have a new cross of the 100sma, what you need is a close above/below on the 1hr chart and then look for it to hold. David can correct me if I am wrong or certainly add to my thoughts.

This is my understanding as well.

[PREDITER]

Its currently flat as it is light trading hours. Price has been rejected a few times at the fib.

From David’s explanation of reading the charts he states the 1hr chart is used for direction, define risk, trade location and to locate the correction or the BBZONE which would be were the pro money is. Then you drop down to the 15min chart for entry signs working of what price prints.

best of luck