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Attachments: My trades by Dave
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My trades by Dave

  • #61
  • Oct 4, 2005 5:36pm Oct 4, 2005 5:36pm
HI, dave

Could you make attached files larger. there is enough space to do so. OR you can zoom out the places on your charts where you make analysis and that will be definitely better. I am very interested in Oscilllators. As I understand you like them. I used them in summer choppy market when I first went live.

thanks
kiss the trend
  • #62
  • Oct 4, 2005 8:53pm Oct 4, 2005 8:53pm
Quoting xxDavidxSxx
I have decided to enter a second buy order @ 1.1915 s/l @ 1.1895 pt:1.1940

I am going to use a second posotion to trade this range while first posotion remains in play.
If the price decides to test 1.1864/70 then the posotion is stopped at 1.1895 and I will trade what ever range developes between 1.1865 and 1.1899.

If the trend never gets past 1.1900 then I'll leave the 2nd posotion in on a top side break and trade the next range up leaving 1st posotion in.

Stop on first is 50 pips so 1-2 range trades will cover that.

I just got 12 pips but I pt for better entry at 1.1915. That will cover half the losses if the second posotion goes streight to s/l.

Dave
Trade complete +22 pips

1st trade still in

Dave

ps: fxtrader, I'll try thanks for letting me know.
  • #63
  • Oct 4, 2005 9:17pm Oct 4, 2005 9:17pm
Quoting xxDavidxSxx
Trade complete +22 pips

1st trade still in

Dave

ps: fxtrader, I'll try thanks for letting me know.
Nice trade i followed you, thanks Dave, i got 18 pips. i'd like to buy @ 1.1955 target 2000 sl1.1940 . how do you like it?
bea
  • #64
  • Oct 4, 2005 9:34pm Oct 4, 2005 9:34pm
Quoting bea
Nice trade i followed you, thanks Dave, i got 18 pips. i'd like to buy @ 1.1955 target 2000 sl1.1940 . how do you like it?
bea
thanks but....


NO!!! not smart. buy on next dip
Thats the top of the range and too much resistance just above.

Dave

edit: sory so blunt.
  • #65
  • Oct 4, 2005 9:58pm Oct 4, 2005 9:58pm
Quoting bea
Nice trade i followed you, thanks Dave, i got 18 pips. i'd like to buy @ 1.1955 target 2000 sl1.1940 . how do you like it?
bea
I am guessing the next dip should be 1.1910-1.1920 range. But it may test the 1.1900 mark again. I doubt it will pass below it. Just my 2 cents worth. I would also consider buying if it breaks the 1.1965 barrier also.
happy trading everyone.
Happy Trading everyone.
  • #66
  • Oct 5, 2005 5:03am Oct 5, 2005 5:03am
The rally to 1.1970 seems to have stalled 1 hr chart turning bearish again.
Possible retest of lows again.
This chart showing stochs turning down and RSI pulling back off 60.
Attached Image
  • #67
  • Oct 5, 2005 7:29am Oct 5, 2005 7:29am
The latest move to 1.1970 and pull back continues to hold with in this pitchfork line set up. The bottom line suggests where the next dip will end up.(1.1920/25 range)
I will long another position there like last night.

Dave
Attached Image
  • #68
  • Oct 5, 2005 2:34pm Oct 5, 2005 2:34pm
Quoting xxDavidxSxx
edit:On the daily chart

I just noticed there is a doji on the bottom of the eur/usd with same exact open and close price.
And one on top of the usd/chf 3 pips from exact open close being same.

the general consinsus there is that a doji is a trend reversal signal and widely viewed as the most significant candlestick.


Dave
hi Dave,
In the eur/usd daily chart i can see clearly a morning star,for the usd/chf is also clear an evening star formation .
In the case of the eur/usd after this formation is identify ,where do you think is a good buy?how do you use this signal to find out the best entry ?

btw you saved yesterday my posible entry lost, thankyou.
bye
bea
  • #69
  • Oct 5, 2005 4:52pm Oct 5, 2005 4:52pm
Quoting bea
hi Dave,
In the eur/usd daily chart i can see clearly a morning star,for the usd/chf is also clear an evening star formation .
In the case of the eur/usd after this formation is identify ,where do you think is a good buy?how do you use this signal to find out the best entry ?

btw you saved yesterday my posible entry lost, thankyou.
bye
bea
your welcome.

EUR got a good rally now.
I am still in from the 1.1915 long I took. An entry for a long is tricky now.
I would wait for a dip between 1.1930/50. If it even gets there again.

use indacaters like I outlined prior in the thread to find entry.

Dave
  • #70
  • Oct 5, 2005 4:54pm Oct 5, 2005 4:54pm
The new daily candle is beginning to threaten the top trend line as seen below. A daily close above wouldbe bullish.
The top trend line is at about 1.1999.
Dave
Attached Image
  • #71
  • Oct 5, 2005 5:04pm Oct 5, 2005 5:04pm
Nice going Dave, are you still in that trade from 1.1915? Chart just leaped past and closed at 1.2011. Is that trade supposed to be a medium term trade or are you just riding it until you see it's going to turn.

Well done
Habeeb
Keeping it Simple
  • #72
  • Oct 5, 2005 5:10pm Oct 5, 2005 5:10pm
1 hr chart just hit top trend line. That could end rally and send it back to eventually retest lows 1.1930/55 good buy in range.
If that was a wave 1 pulling off the lows then this wave 2 should retrace roughly 2/3 I think....lol
A wave "C" can be wave "1" too

Dave
Attached Image
  • #73
  • Oct 5, 2005 5:21pm Oct 5, 2005 5:21pm
Quoting habeeb
Nice going Dave, are you still in that trade from 1.1915? Chart just leaped past and closed at 1.2011. Is that trade supposed to be a medium term trade or are you just riding it until you see it's going to turn.

Well done
Habeeb
Yea still in it.
I don't know how long this trade will last. To be honest this is my first time getting in right at the bottom of a new trend.
My stradigy is to simply ride 4 waves up to what ever. Most likely wave 5 won't go past wave 4 and a reverse back to down trend.
There should be a retrace bact to mid 1.1900's now for a wave 2.
I am also trading a second position on dips. As soon as I see an antry.

Dave

Edit: BTW this wave I am riding is on 4 hr chart. 1 hour chart just had a wave 5 extend way past 4. Wich is bullish.
Its all about waves with in waves. One day I won't need stochs and RSI
  • #74
  • Oct 5, 2005 7:44pm Oct 5, 2005 7:44pm
+132 pips
I'll get back in on a dip.

Quoting xxDavidxSxx
Looking at the 4 hr chart this one makes alot of sence. We should be at the bottom of wave B, and C usually rises higher than the top of A.
That wave C top could be the daily corrective retrace we need.
4 hr chart is over sold and starting to hook. RSI is at 35 and a break above 40 is the buy signal.
I am going long @ 1.1910
s/l:1.1855
target:1.2050 1st, 1.2150 2nd

This entry maches the system. See the large time charts show buy signal like daily oversold. And wait for lower ones to line up with it.

Price is still falling so entry could be better I'll update not entered yet.
Attached Image
  • #75
  • Oct 6, 2005 9:34am Oct 6, 2005 9:34am
Nice profits were pulled yesterday but since it isn't sticking to any trend lines yet and no distinct pull back to get back in on I must wait.
4 hr charts are over bought so they need correction.

Dave
  • #76
  • Oct 6, 2005 10:26am Oct 6, 2005 10:26am
no trend lines on the 4 hr chart but the trend might not be a wide one.
soon as the price touches the bottom trend line on the 5 min chart I am in keeping a tight stop 10 pips on the other side of the trend line. All the corrective retraces have been flat.

Dave
Attached Image
  • #77
  • Edited 1:22pm Oct 6, 2005 12:53pm | Edited 1:22pm
long entered @ 1.2148
tg: 1.2240
s/l: 1.2130

In anticipation of breaking the first fibo on the retracement of the 1.2588/1.1900 move.
This targets middle fibo at 1.2241

Dave
  • #78
  • Oct 6, 2005 1:23pm Oct 6, 2005 1:23pm
the 200 ma on the 4 hr chart comes in at 1.2221
Attached Image
  • #79
  • Edited Oct 9, 2005 12:18am Oct 6, 2005 5:25pm | Edited Oct 9, 2005 12:18am
Moving stop up to the 38.2 fibo.
1.2164 is fibo so s/l is 1.2160

trend lines on 5 min sugest a pull back to 1.2110 is possible. The rally topped out at the 100 daily MA at the time was 1.2203 now is 1.2199.

Dave

stopped out +9 pips
  • #80
  • Oct 6, 2005 5:52pm Oct 6, 2005 5:52pm
Dave,

Quick, newbie question for you. When you're talking about MA, I'm assuming your talking about Moving Average, but is this wrong? Are you just using a simple moving average, no weights?
It's a one-way ticket to a madman situation.
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