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My trades by Dave

  • #1,721
  • Oct 23, 2006 8:26am Oct 23, 2006 8:26am
Thanx Dave
Keeping it Simple
  • #1,722
  • Oct 23, 2006 1:57pm Oct 23, 2006 1:57pm
Quoting xxDavidxSxx
EWOCCI short signal taken at 1.2609

s/l 1.2640

target open
closing at 1.2550

+59 pips

Price might not do much more untill news comes out later this week so we might see a retrace and consilidation between now and then.

Dave
  • #1,723
  • Oct 24, 2006 3:30am Oct 24, 2006 3:30am
This was given to me and I thought every one should read it.....
Attached File(s)
File Type: doc Trade Like A Dealer.doc   35 KB | 546 downloads
  • #1,724
  • Oct 24, 2006 3:45am Oct 24, 2006 3:45am
Hi Dave, Nice article....4 pages but seems that some was missing...last paragraph refers to a chart that is not in the document.
  • #1,725
  • Oct 24, 2006 4:22am Oct 24, 2006 4:22am
Quoting pdhawan
Hi Dave, Nice article....4 pages but seems that some was missing...last paragraph refers to a chart that is not in the document.
yea I noticed that but thats all I had. I think it gives enough info though. I'll google the title and see what I get

edit I googled it and got nothin
  • #1,726
  • Oct 24, 2006 5:34am Oct 24, 2006 5:34am
Nice job on the system.......

and thanks for posting all this.........

It takes a lot of time to post and manage a thread. good of you to contribute.


dave
  • #1,727
  • Oct 24, 2006 5:48am Oct 24, 2006 5:48am
Quoting xxDavidxSxx
This was given to me and I thought every one should read it.....
Great read dave ...thanks
Regards, J.
  • #1,728
  • Oct 24, 2006 9:31am Oct 24, 2006 9:31am
thanks David for sharing the docs !

i mostly remember : "Dont hate the Dealer !"
  • #1,729
  • Oct 24, 2006 12:12pm Oct 24, 2006 12:12pm
Your welcome every one. When I get stuff like that I try to share it with my viewers. I thought you'd enjoy that.

Dave



EWOCCI currently waching for possible buy signal. Price testing pivot now ewo is slightly crossed up and CCI is closing in at -7.4
  • #1,730
  • Oct 26, 2006 12:18pm Oct 26, 2006 12:18pm
Quoting xxDavidxSxx

1.2696 would be a 61.8 retrace from 1.2829 high on 9-22-06 and 1.2483 on 10-14-06. So price can still get to that level.

But shouldn't get past there. "shouldn't" But the euro$ does like to retrace 78.6% alot of times.
I saw Itme posting that 1.2670 was a top so I posted this statement there to discorage selling from that level yet.

Now we have reached the 61.8 retrace so I'll be waching for a sell signal. 61.8 is a high probility reversal point, but euro$ likes to go 78.6 alot of times. So even though a trade is tempting causion in either direction is strongly advised.

I missed out on the buy signal because it was a big news day and I hate trading around Fomc.

This looks like a distinct 3 waves up so we should see 5 waves down once a top is established.

I'll work on a chart when the price starts to settle down.

this clould still be a deep wave 4 thats breaking the rules. And progressing into wave 1 territory.

Dave
  • #1,731
  • Oct 26, 2006 2:22pm Oct 26, 2006 2:22pm
Hi Dave
I came across your trade style from your recent posts in the MT yahoo group. I am going to keep track your Ewocci trade style, more so if an EA is made.

One quick question for now though. You mention the 61.8 fib retracement from the 9-22-06 high. Im not a Fib guy so I am wondering why you're not using the earlier high from 08-21-06 of 1.2939 as the starting point of of the major move short and fib calc?

Also, do you have a chart with your current Elliot Wave count? An up to date pic will help me with learning the basics of EW theory, which is probably a a good idea if I'm going to follow along.

Thanks
Adam F
  • #1,732
  • Oct 26, 2006 8:23pm Oct 26, 2006 8:23pm
Quoting AdamFx
Hi Dave
I came across your trade style from your recent posts in the MT yahoo group. I am going to keep track your Ewocci trade style, more so if an EA is made.

One quick question for now though. You mention the 61.8 fib retracement from the 9-22-06 high. Im not a Fib guy so I am wondering why you're not using the earlier high from 08-21-06 of 1.2939 as the starting point of of the major move short and fib calc?

Also, do you have a chart with your current Elliot Wave count? An up to date pic will help me with learning the basics of EW theory, which is probably a a good idea if I'm going to follow along.

Thanks
Adam F
You'll see about the point I am pulling from when I post a chart. It will be more clear to you then. But I am waiting for this move to top out first.

Seems to be working its way past 61.8 and targeting the 78.6. euro$ likes that fibo for some reason.
I don't want to post a premature chart and give any body any ideas of a reversal happening yet.

Some guys on here like to post an entry befor the reversal actually happens, getting alot of noobies stopped out. I prefer to let the market tell me what its doing instead of trying to tell the market what I want it to do.

right now I am sidelined just waching it unfold. Once it does it will talk to me.

Dave
  • #1,733
  • Edited 1:20am Oct 27, 2006 1:08am | Edited 1:20am
Hi Dave
Thanks for your response but you missed the meat of my question which was to do with your Fib Calc. You have the calc for the Fib retracement (eitehr 61.8 or 78.6) starting at the 9-22-06 high and not the last major top on August 21. Why did you use the high at 9-22-06? That was my question.

Should it bust out long to 1.2750 - and with the way its been loitering in the 1.2690s im not saying that it will - will you the recalc the Fib from the high at 8-21-06 with a new 61.8 resistance at 1.2764?

I look forward to the wave charts and I appreciate your thoughts in this thread.


Adam F
  • #1,734
  • Oct 27, 2006 1:50am Oct 27, 2006 1:50am
Quoting xxDavidxSxx
You'll see about the point I am pulling from when I post a chart. It will be more clear to you then. But I am waiting for this move to top out first.



Dave
Adam,

This was the answer above.

You have to see befor you'll get it and I cann't explain with out visual. Be patient.

No I won't redraw my fibo's they are what they are.

1.2756 is the 78.2 retrace that would be the next possible turning point range.

once this wave were in now turns I will post a chart

page 113 has my prediction of this move up.
My fibo's are good

"e" fell just short of the 38.2 of the retrace of the larger degree.

Dave
  • #1,735
  • Oct 27, 2006 2:37am Oct 27, 2006 2:37am
Hi Dave
I'll go back through the thread, and see what I can find.

Thanks for your posts.

Adam F
  • #1,736
  • Oct 27, 2006 6:02am Oct 27, 2006 6:02am
I cann't really put anything to the waves right now. The 2 triangles to the left are seperate formations from the 3 waves down labled 1,2,3 and now we have 3 waves up that I havn't labeled.

3 down 3 up is incomplete. The wave labled what I thought was gonna be 4 has passed into wave 1's range. So 1,2,3 might be a,b,c and the 3 up might need a 4,5, added to it.
Meaning the 3 up could be the first 3 of wave 1 up, or a wave c up.

we need to wait for this to be a completed formation befor we can dertrmine an over all direction. But short temr needs a correction to the wave we just had rise up the past 2 days.


Dave
Attached Image
  • #1,737
  • Oct 27, 2006 6:42am Oct 27, 2006 6:42am
Quoting xxDavidxSxx
yea I noticed that but thats all I had. I think it gives enough info though. I'll google the title and see what I get

edit I googled it and got nothin
Here's the chart from that document (all the text was already there), I found it here, there's loads, but you do have to pay $2.99 for them:

http://www.sfomag.com/articleresults...&Search=Search
Attached Image
Pete. I'll get there in the end......
  • #1,738
  • Oct 27, 2006 6:43am Oct 27, 2006 6:43am
Hmmm, I meant that to be an attachment, rather than appear like that - it's a bit small isn't it!
Pete. I'll get there in the end......
  • #1,739
  • Oct 27, 2006 6:49am Oct 27, 2006 6:49am
Thanks for posting the wave chart on recent price action. I hope to be able to use it when I do the EW flash lessons.

Much appreciated.

Adam F
  • #1,740
  • Oct 27, 2006 6:50am Oct 27, 2006 6:50am
Quoting handlep
Hmmm, I meant that to be an attachment, rather than appear like that - it's a bit small isn't it!
yea cann't really read it but thanks any way

Dave
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