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My trades by Dave

  • #1,761
  • Oct 31, 2006 4:13am Oct 31, 2006 4:13am
Quoting habeeb
Here's the link EWOCCI
Thanks habeeb
  • #1,762
  • Oct 31, 2006 5:50am Oct 31, 2006 5:50am
Quoting xxDavidxSxx
heres a hint on that entry...when you see price try to poke past pivot and then pull back directly like that its a pivot line bounce. Plus just befor that it tried to bounce off of cci 0 line,(but pivot rejected it) and it returned to barly close below cci 0 line. So you can feel pretty good about entry.
Dave
Dave!
Keep the good work!
I have different pivot than You. Sure I live in different time zone. What is the open time and the closing time You count the daily pivot?
Thank You very much, NL
  • #1,763
  • Oct 31, 2006 6:02am Oct 31, 2006 6:02am
closed trade(befor the weak news) when cci crossed back 100 line at 1.2698

+13 pips....that was a week move good move cci don't usually cross back like that. If it recrosses 100 again I'll consider re-entry.


Quoting lacika
Dave!
Keep the good work!
I have different pivot than You. Sure I live in different time zone. What is the open time and the closing time You count the daily pivot?
Thank You very much, NL
I use NY EDT for pivot. Because it carries the most volume and news and sets the pace for the rest of the day.
  • #1,764
  • Oct 31, 2006 6:44am Oct 31, 2006 6:44am
I use NY EDT for pivot. Because it carries the most volume and news and sets the pace for the rest of the day.[/quote]


NY EDT 5pm?
Thanks, NL
  • #1,765
  • Oct 31, 2006 6:52am Oct 31, 2006 6:52am
Quoting lacika
I use NY EDT for pivot. Because it carries the most volume and news and sets the pace for the rest of the day.

NY EDT 5pm?
Thanks, NL[/quote]

yes
  • #1,766
  • Oct 31, 2006 7:30am Oct 31, 2006 7:30am
Well that was an unexpected jump(good thing I exited earlier). Price didn't even retrace 38.2 of the move from last week but I guess that was our wave 4. And I don't like to chase news because of sudden turns.
That caught me off guard.

this should be wave 5 now so I'll just play the waiting game and let this exaust itself.

Dave
  • #1,767
  • Oct 31, 2006 11:48am Oct 31, 2006 11:48am
Quoting xxDavidxSxx
Well that was an unexpected jump(good thing I exited earlier). Price didn't even retrace 38.2 of the move from last week but I guess that was our wave 4. And I don't like to chase news because of sudden turns.
That caught me off guard.

this should be wave 5 now so I'll just play the waiting game and let this exaust itself.

Dave
Hi David

what do you think of gbpusd and eurusd...

thanks
  • #1,768
  • Oct 31, 2006 1:43pm Oct 31, 2006 1:43pm
Quoting babarmughal
Hi David

what do you think of gbpusd and eurusd...

thanks
well they both corilate so the looking at the 4th and 5th wave on euro$ I'll try to get a chart up soon. But wave 5 may or may not have exausted itself yet. There could still be a final poke above current days high. (that would be that head fake that messes up breakout traders) So shorts arn't recomended yet untill we get ewocci signal down for wave turn confirmation.
Ewocci (for me) is the best way and the only way that I determine a wave has completed and made a turn.
wave 4 was shallow since wave 2 was deep. I thought that would be the case as stated in a previous post. News caused it to be more shallow than the usual 38.2. But the cross back below of 100 line that triggered my exit kept ewocci traders from losing profits and getting stopped out.

so now we wait for new days pivot and see what happens basically.

Dave
  • #1,769
  • Oct 31, 2006 4:43pm Oct 31, 2006 4:43pm
Last wave count posted I said they needed to be completed with a wave 4 then 5.
Here is last chart
Attached Image
  • #1,770
  • Oct 31, 2006 4:47pm Oct 31, 2006 4:47pm
Wave 4 was completed and wave 5 may or may not be done yet. But what we can discern is that we have a distinct 3 previous waves down indicated by the blue lines, and a distince 5 waves up.
Once the 5th wave is complete we will most certianly see 3 waves down as the 3/5/3 rule of elloitt wave suggests.

Dave
Attached Image
  • #1,771
  • Nov 1, 2006 9:16pm Nov 1, 2006 9:16pm
Quoting xxDavidxSxx
But wave 5 may or may not have exausted itself yet. There could still be a final poke above current days high. (that would be that head fake that messes up breakout traders) So shorts arn't recomended yet untill we get ewocci signal down for wave turn confirmation.


Dave
We saw the "final poke up" I mentioned could happen. So with price under todays pivot(1.2765) and ewo is on the sell side, just waiting to see cci cross 0 line.

Dave
  • #1,772
  • Nov 1, 2006 11:48pm Nov 1, 2006 11:48pm
Hi Dave
I have been following along with your posts and getting a better handle on your trade style.

Referring to your previous post you were awaiting a cross of the CCI(55)
for entry. I watched the CCi pop under 0, to -0.0009 (so I entered on my demo) and then pop back over into positive CCI territory in real time. Should price rebound from here, CCI on the chart will never register that blip under the 0 line.

My question is this. On your entries, do you enter immediately on the confirmation of all 3 signals (as I did on the demo) or wait a little to make sure of the move and give up potentially profitable pips in the process?

Regards
Adam F
  • #1,773
  • Nov 2, 2006 2:57am Nov 2, 2006 2:57am
Quoting AdamFx
Hi Dave
I have been following along with your posts and getting a better handle on your trade style.

Referring to your previous post you were awaiting a cross of the CCI(55)
for entry. I watched the CCi pop under 0, to -0.0009 (so I entered on my demo) and then pop back over into positive CCI territory in real time. Should price rebound from here, CCI on the chart will never register that blip under the 0 line.

My question is this. On your entries, do you enter immediately on the confirmation of all 3 signals (as I did on the demo) or wait a little to make sure of the move and give up potentially profitable pips in the process?

Regards
Adam F
I suggest any one trying to follow this system wait for confirmation first. I belive it says in the package I give out, that you should wait for the next candle to break the high/low of the previous signal candle befor entry. That would have kept you out of this potentially false signal.

I have been doing this a while so I know when I can take an early signal or not. Right now we are looking at the end of 5 waves wich could be a trend change, not just a correction. And with news this week we can get some false signals while the price forms a short term top.

Here is a chart. We might be looking at an expanded flat starting to develope.

Dave
Attached Image
  • #1,774
  • Nov 2, 2006 3:09am Nov 2, 2006 3:09am
On the 4 hr chart we have divergence. Using ewo for this indication.

But it can remain at this level untill the 21 ema and 55 ema come together.

You also have to keep in mind. There is no holy grail. No 100% system. You will take a loss every now and then. I have had some good signals all in a row so a false signal or 2 or 3 can be due.
Hasn't happened yet. Like I said if following the ewocci discription I gave in the package, you shouldn't be in this yet.

Dave
Attached Image
  • #1,775
  • Nov 2, 2006 3:37am Nov 2, 2006 3:37am
Thanks for the charts.
I don't mind losing trades amongst my winners so even if this demo trade turns out to be dud its no big deal, as looking over past charts/and your previous posts and I see this method is a genuine winner. I take demo trades as seriously as I can and demo a method as if was real money, hence my question.

A couple of quick things:
- You refer to your Ewocci package with the breakout on the next bar hi/lo. I have your ewocci.doc which doesn't mention this. Do I have all the information?
- The bar when CCI(55) went < 0 giving the 3rd signal was the 9am one on my MT4 charts - the last low of 1.2740. Is was also breaking the low of the previous chart hour bar. Do you mean a new hi/lo after the bar with the 3 signals?

I appreciate that this entry comes down to your feel for this method. Its this feel I'm trying to learn and what makes your posts so very useful in doing so and I appreciate what you do.


Cheers
Adam F
  • #1,776
  • Nov 2, 2006 4:21am Nov 2, 2006 4:21am
Quoting AdamFx
Thanks for the charts.
I don't mind losing trades amongst my winners so even if this demo trade turns out to be dud its no big deal, as looking over past charts/and your previous posts and I see this method is a genuine winner. I take demo trades as seriously as I can and demo a method as if was real money, hence my question.

A couple of quick things:
- You refer to your Ewocci package with the breakout on the next bar hi/lo. I have your ewocci.doc which doesn't mention this. Do I have all the information?
- The bar when CCI(55) went < 0 giving the 3rd signal was the 9am one on my MT4 charts - the last low of 1.2740. Is was also breaking the low of the previous chart hour bar. Do you mean a new hi/lo after the bar with the 3 signals?

I appreciate that this entry comes down to your feel for this method. Its this feel I'm trying to learn and what makes your posts so very useful in doing so and I appreciate what you do.


Cheers
Adam F
awwcrap your right.

And I dunno how many I have given out.

well add that to the stradigy, (if you want.) Or keep it like it is, and use the 3 loss in a row part thats in there. And the exit on reversal of the 3 signals method to limmit those losses.

right now price is at, slightly above pivot cci is above 0 and ewo is 1 bar above 0. Good time to get out if your in. Based on whats written.

wait for break of signal candle high/low<------every one add this to your word Doc. And I appoligise I thought it was there.

Dave
  • #1,777
  • Nov 2, 2006 4:24am Nov 2, 2006 4:24am
this should be what it says now.... Nothing else should be added as I thought this was there to start with.....

CCI 55 period, Elliott Wave Oscillator, And Daily Pivot.<o></o>

<o> </o>

Price crosses pivot, ewo crosses "0" line and CCI 55 crosses "0" line. Wait for break of the high/low of signal candle for entry.
  • #1,778
  • Nov 2, 2006 1:53pm Nov 2, 2006 1:53pm
today the cci went over 100 but price didn't really go any where. It tried to go up. went from 0 to over 100 but stayed in a tight range. That could be a good indication the market has exausted itself on the up side.
  • #1,779
  • Nov 4, 2006 7:52am Nov 4, 2006 7:52am
Quoting xxDavidxSxx
today the cci went over 100 but price didn't really go any where. It tried to go up. went from 0 to over 100 but stayed in a tight range. That could be a good indication the market has exausted itself on the up side.
correct 100% . new trend already setup , why dont haunt for some pips ??
  • #1,780
  • Nov 4, 2006 8:16am Nov 4, 2006 8:16am
Quoting adam3000
correct 100% . new trend already setup , why dont haunt for some pips ??
I just wanted the correction to get started. I figured news would trigger this. Now the 5th wave is confirmed and correction has started.

3 waves down or 3 waves sideways is the only question now.

I'll post a chart on wave count soon.

DAve
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