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- davema replied May 22, 2009
NoMask, I'm in on this on my demo account. My notes are on the chart. I missed the two day pinbar on 5/6-5/7 and the small 4 hour pinbar yesterday, Take care, Dave
- davema replied May 3, 2009
eur/jpy weekly buob — Hello, Here is something I am keeping my eye on. If this is inappropriate for this thread please let me know clockwork. EUR/JPY has a weekly buob that closed above the 131.00 ppz after bouncing off of the 50% retrace of ...
- davema replied Feb 16, 2009
Hey Doc, Speaking of fishing, were you able to help this guy in your waiting room??? lol
- davema replied Feb 15, 2009
Spmaon, To add price levels to your fib tool in mt4, put your fib tool on the chart, double click the diagonal dotted line, then right click one of the dots on the line. Go to fib properties, fib levels, then add in the %$ like I have in the ...
- davema replied Dec 23, 2008
John, Sorry for the late reply. Looking at this chart you can see that monday (marked by the red arrow) was inside friday's range (marked by the red lines). Ignore sunday's bar marked by the yellow arrow. I hope this clears things up. Also note, ...
- davema replied Dec 22, 2008
Jarroo, Here's the chart Djam was talking about. Inside bar that is shaped like a pinbar.
- davema replied Dec 19, 2008
Hi Teb, Regarding the post that you removed. Were you looking to buy where there was demand at a bounce of the long term trend line. Then you went to the 15 minute time frame to fine tune your entry. Thanks for any explanation. Dave
- davema replied Dec 17, 2008
Hello everyone, eur/usd 1 hour above 200, 15 min above, 5 min fell below. Took the 1-2-3 break up on the 5 minute. Closed 3/4 position at first target 1.4096. Last 1/4 at breakeven plus 2. Thank you Teb! image image Take care, Dave
- davema replied Nov 22, 2008
Sorry, did not upload chart.
- davema replied Nov 22, 2008
Bjpumping, Confluence is when you have different things lining up; such as a fib retracement, price pivot zone (ppz), moving average, round number. You look for price action in these areas. An inside bar is a bar whose range is engulfed by the ...
- davema replied Nov 21, 2008
Took profit on 1/3 of the position at 1.2635 and moved the stoploss up under point three of the 1-2-3 pattern.
- davema replied Nov 21, 2008
Here's one that just triggered on the eur/usd. The 4 hour trendline may be a problem as Teb pointed out. Thanks for the system Teb. image
- davema replied Aug 23, 2008
Steve, I missed this gbp/usd trade also, but it looks pretty good. Notice the bearish divergence between the rsi and stochastics with price, right at the london open. This trade would have been good to hold and ride the 5 ema for extra profit. This ...
- davema replied Aug 15, 2008
Here is a eur/usd short trade. The target was reached just before the news release. Red vertical line was the entry. Red horizontal line was the target. Also notice the bearish divergence between price and the rsi and stochastics. Thanks again ...
- davema replied Aug 11, 2008
Here is a trade that I placed on wed aug 6 just after the London open. Price had just retraced upward to the 200 ema on the 15 min chart. I waited for the 1-2-3 on the 5 minute chart with the indicators for confirmation. Entered at the red vertical ...
- davema replied Jul 21, 2008
Daisygirl, Here is the trade that I took at the London open on 7/21 that we discussed in the trading room. I entered a couple of pips late, but it still worked out. I entered at the red vertical line and exited at the yellow vertical line. It was ...
- davema replied May 27, 2008
just my two cents — Hello everyone, I did not trade the usd/jpy, but if I were to trade the upside break of that first inside bar, here is where I would place my stop loss. (see chart) I would place my stop below the second "perverted" inside ...
- davema replied May 12, 2008
chart example — Here is a trade I placed on a demo today. In at the red checkmark, out at the yellow checkmark. Thanks for the great thread Feb. The exit was also a double top from earlier in the day.
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