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My trades by Dave

  • #21
  • Oct 2, 2005 6:45pm Oct 2, 2005 6:45pm
Quoting habeeb
Are you talking about the daily lows? If you're not going to sell at the highs, it seems like you're anticipating the Euro to get stronger. So, why not buy now at your minor support, and have a 20 pip stop, that'll be below Friday's low? What if the lows don't get retested?

Hope you don't mind the questions. If you don't mind, then, there's alot going to follow in the future. I'm relatively new to trading. Also, you think you'll be able to post charts too?

Thanx
Habeeb
Yes daily lows but I ned a retest of that low range and failer (1.1977/99 range) If I enter @ 1.2015 range I need a stop below 1.1977. The lows might not get retested. We are in the first day of the week,month,quarter. So I am going to be cautious at an entry, even more so than normal on a monday open.
I will probly wait for the range to be reconfirmed befor I enter a trade. At least one worth posting.
The market is weak right now. A open in london might be needed befor a good movement happens cause they have a new elected offical.(Merkel)
I have been waiting since mid last week for a break on the top side to happen.
Right now the market is prime for stop hunters. I don't usually enter on consilidation either.
If I get a price below 1.2000 I will enter a long.

Charts...I am trying to figure out how to post a chart off the fxcm power chart. I am awaiting a reply from a friend who I've seen post them.

There is usually a false break out on consolidation. I am hopeing that takes it to 1.2000 or lower befor the rise.
Ultimately the hourly charts are over sold and need a corrective retrace up.
A break below 1.1977 will change my bullish perspective.

Dave
  • #22
  • Oct 2, 2005 7:39pm Oct 2, 2005 7:39pm
Quoting xxDavidxSxx
Charts...I am trying to figure out how to post a chart off the fxcm power chart.
best way is to screenshot and crop in a graphics editor (they have to be smaller than 600x600 so the thread doesnt get too wide). do you have a graphics editor?
Relax and be happy.
  • #23
  • Oct 2, 2005 7:40pm Oct 2, 2005 7:40pm
I am not sure that the price movement now on eur/usd is nothing more than stop hunting.

Sept 26 low was broken so my long trade is on hold.
Side lines are good for now.
I saw now evidence of any large offers yet. Price is still pushing to the down side.

1.1951/62 is next support range and a break below that targets 1.1864 low on July 4th
  • #24
  • Oct 2, 2005 8:09pm Oct 2, 2005 8:09pm
Steve Nison price projection going on now on the Eur.

Look out 1.900.
Indicators show the past. Price Action "Indicates" the future.
  • #25
  • Oct 2, 2005 8:23pm Oct 2, 2005 8:23pm
Look out 1.900 (not tonight) but this week.
Indicators show the past. Price Action "Indicates" the future.
  • #26
  • Oct 2, 2005 8:23pm Oct 2, 2005 8:23pm
Merlin,
where do the screen shots goto. What file?
Grafix editor like paint shop pro?

Yea nice movement on eur I grabbed 10 pips on the break of 1.1951 but untill it establishes a range or a trend pattern I won't take any more chances.

If I had a large account I would have left trade in and set target at 1.1890(25 above July 4 low.) and a s/l @ 1.1985
But when price is moving like that there is no time to calculate befor entry.
It almost looked like a large bid was hit at 1.1928/30
hourlys have lots of room to fall still.

Bear is definatly the signal now though.

daily goal on pips is 10 minimum so I can rest easy with the min achived.
  • #27
  • Oct 2, 2005 8:28pm Oct 2, 2005 8:28pm
Quoting merlin
best way is to screenshot and crop in a graphics editor (they have to be smaller than 600x600 so the thread doesnt get too wide). do you have a graphics editor?
merlin i wish we could go back to the bigger screenshots, i know its a hassle but it sure makes it easier to get all the info in one shot. would 800x800 still make it to wide?
  • #28
  • Oct 2, 2005 8:46pm Oct 2, 2005 8:46pm
Quoting xxDavidxSxx
Merlin,
where do the screen shots goto. What file?
Grafix editor like paint shop pro?

Yea nice movement on eur I grabbed 10 pips on the break of 1.1951 but untill it establishes a range or a trend pattern I won't take any more chances.

If I had a large account I would have left trade in and set target at 1.1890(25 above July 4 low.) and a s/l @ 1.1985
But when price is moving like that there is no time to calculate befor entry.
It almost looked like a large bid was hit at 1.1928/30
hourlys have lots of room to fall still.

Bear is definatly the signal now though.

daily goal on pips is 10 minimum so I can rest easy with the min achived.
Nice plan David.

I have a position trade on since 9-22-05 @ 1.2200 after the head and shoudlers break. Then saw the Nison set-up last week. Just as perdiced in the price projection - three pyramids and look out. Cool stuff.
Indicators show the past. Price Action "Indicates" the future.
  • #29
  • Oct 2, 2005 9:05pm Oct 2, 2005 9:05pm
Quoting james16
merlin i wish we could go back to the bigger screenshots, i know its a hassle but it sure makes it easier to get all the info in one shot. would 800x800 still make it to wide?
Do as I do and use Imageshack to host the file (free) and use the URL supplied to display a thumbnail here & link to the full pic there.
They even have a tool you can d/load that allows you to right click the file in Windows Explorer & auto upload it.
http://www.imageshack.us/
  • #30
  • Oct 2, 2005 9:09pm Oct 2, 2005 9:09pm
Quoting Beachie41
Do as I do and use Imageshack to host the file (free) and use the URL supplied to display a thumbnail here & link to the full pic there.
They even have a tool you can d/load that allows you to right click the file in Windows Explorer & auto upload it.
http://www.imageshack.us/
Thanks Beachie
  • #31
  • Oct 2, 2005 9:19pm Oct 2, 2005 9:19pm
Quoting jarroo
Steve Nison price projection going on now on the Eur.

Look out 1.900.
Steve Nison price projection == measured move IIRC
  • #32
  • Oct 2, 2005 9:34pm Oct 2, 2005 9:34pm
Quoting Beachie41
Steve Nison price projection == measured move IIRC
Measured move IIRC?
Indicators show the past. Price Action "Indicates" the future.
  • #33
  • Oct 2, 2005 10:09pm Oct 2, 2005 10:09pm
Quoting jarroo
Measured move IIRC?
soz, guess I should have been a bit clearer.
A "Steve Nison projection " is nothing more than a measured move ie. A -> B subtract/add to C to get D. In other word's has been around since Adam was a boy. A bit like the "Peter Bain Conceptual Line" which is just a fancy term for an internal trendline.
IIRC == If I remember correctly
  • #34
  • Oct 3, 2005 4:17am Oct 3, 2005 4:17am
Quoting Beachie41
soz, guess I should have been a bit clearer.
A "Steve Nison projection " is nothing more than a measured move ie. A -> B subtract/add to C to get D. In other word's has been around since Adam was a boy. A bit like the "Peter Bain Conceptual Line" which is just a fancy term for an internal trendline.
IIRC == If I remember correctly
Call them what you may - WEW (What ever works).
Indicators show the past. Price Action "Indicates" the future.
  • #35
  • Oct 3, 2005 4:30am Oct 3, 2005 4:30am
Quoting james16
thank you and welcome to the best forex forum on the web. why? because of merlin. he appreciates the kind and decent people that have made this forum what it is and will not allow assholes, plain and simple. it is comforting to me to know that when the next tradevomit shows up he wont be here long. ALL HAIL THE MIGHTY WIZARD. he rules with a magic wand and a lead foot which will become squarely planted in the crack of your ass should anyone decide they want to screw up our happy family. you should really enjoy it here. welcome again. jim
why thank you jimbo! does this mean i have to live up to this image now?
Relax and be happy.
  • #36
  • Oct 3, 2005 4:32am Oct 3, 2005 4:32am
Quoting xxDavidxSxx
where do the screen shots goto. What file?
Grafix editor like paint shop pro?
just have your chart on your screen, then hit "prtscrn" on your keyboard (it should be around the "scrlk" button). then open your editor (yes, paintshop pro will work well) and press ctrl+v to paste the screenshot. let me know if you need any further help with this, we want to see your charts
Relax and be happy.
  • #37
  • Oct 3, 2005 6:19am Oct 3, 2005 6:19am
Quoting james16
merlin i wish we could go back to the bigger screenshots, i know its a hassle but it sure makes it easier to get all the info in one shot. would 800x800 still make it to wide?
Hey Jim whatever you do please do not go back to image sizes that require scrolling to view the screen shots. That was the one thing about that thread made me crazy was the scrolling back and forth. Like you've said before -- you are not that computer savvy. Well here is one very important lesson coming from a designer of numerous computer programs and so many years of screen radiation my face has begun to burn its image into my screen -- Do not make the graphics larger than the screen size. It is a mistake so fundamentally insane that you just don't want to go back to it because people may begin to complain.

Thanks man,

FT
  • #38
  • Oct 3, 2005 7:06am Oct 3, 2005 7:06am
Quoting fijitrader
Hey Jim whatever you do please do not go back to image sizes that require scrolling to view the screen shots. That was the one thing about that thread made me crazy was the scrolling back and forth. Like you've said before -- you are not that computer savvy. Well here is one very important lesson coming from a designer of numerous computer programs and so many years of screen radiation my face has begun to burn its image into my screen -- Do not make the graphics larger than the screen size. It is a mistake so fundamentally insane that you just don't want to go back to it because people may begin to complain.
Thanks man,
FT
Personally I think it's easier to use an external source like I do to host a full sized screen image & post a thumbnail linked to the it. That way the image can be viewed with no loss of detail.
Partial screen shots should be Ok to post direct. I suspect most users of this forum should be able to run at least 1024X 768 screen resolution.
Use a proggie that allows you to capture a window or designated region to save cropping the original in another proggie.
I personally use TechSmith's SnagIt as it's the ants pants in my book.
A very good freeware proggie is MWSnap http://www.mirekw.com/winfreeware/mwsnap.html
  • #39
  • Oct 3, 2005 7:16am Oct 3, 2005 7:16am
Quoting merlin
just have your chart on your screen, then hit "prtscrn" on your keyboard (it should be around the "scrlk" button). then open your editor (yes, paintshop pro will work well) and press ctrl+v to paste the screenshot. let me know if you need any further help with this, we want to see your charts
I thought I had pait shop pro but its microsoft paint, the one that comes already installed. I don't know if thats the difference but its not working.
I did several scans of my cpu files for screenshot but I come up empty.
I know on my old cpu screenshots went to a save folder. I cann't find any such folder on this one. Its a Dell insperon 1100 laptop.

Dave
  • #40
  • Oct 3, 2005 9:14am Oct 3, 2005 9:14am
I was asleep for this trade so I didn't enter but is a good example of my entry.
I don't know if the words on chart are readable This is what they say from top to bottom

1. sell second failer when cross below 60 on RSI

2. sell cross below 60

3.sell when stochs hook down and crosses line.

This is just for entry
Attached Image
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