My trades by Dave | Page 17 | Forex Factory

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My trades by Dave

  • #321
  • Edited 8:54pm Nov 2, 2005 8:44pm | Edited 8:54pm
lets see how this one looks

you see this chart shows crosses during that consilidation but the fxstreet chart don't.
All settings are the same ....7 ema/10sma....1 hr chart. I wonder why they look different. Now thats gonna bug me untill I figure it out.

I will stick to fxstreet chart and see how that goes. I wish FXCM power charts allowed you to put ma's in a seperate box.

Dave

oyea that red line on the black chart is the buy entry I made on the last crossover buy signal. entered at 1.2024 s/l @ 1.2000 pt: @ cross under holding 40+ pips for now.
Attached Image
  • #322
  • Edited 10:15pm Nov 2, 2005 9:56pm | Edited 10:15pm
Quoting xxDavidxSxx
Check this out..

I found a system that filtered that long consilidation and look at the acuracy on entry/exits.

All it is, is 7 EMA and 10 SMA crossover. 1 hr chart


If I would have used this simple system past few days I would have banked.

I will wach this for long term acuracy. Even those small minor cross overs would get 10-15 pips each. I donn't see a losing crossover on this one.

Dave

red=short
blue=long
green=exit
black=entry


Nice; I use 5 wma and 10 sma crossover for scalping on 10 min chart along with RSI crossing 50.

Trade 2 lots with 20-25 sl. Sell one at 20 pips profit move second to break even and let it run.

Mark

p.s. sorry for the file size. I used MS Paint as a pic editor
Attached File(s)
File Type: doc EurUSDscalp24b.doc   512 KB | 575 downloads
  • #323
  • Nov 3, 2005 2:30am Nov 3, 2005 2:30am
Hi,
Quoting xxDavidxSxx
edit: the chart I posted is from fxstreet.com charts console.
I just put it on my demo account chart 1 hr and it crosses different.
Could it be that the prices are different between fxstreet and your demo account?

Best regards
Alan
  • #324
  • Nov 3, 2005 4:06pm Nov 3, 2005 4:06pm
Quoting firehorse
Hi,Could it be that the prices are different between fxstreet and your demo account?

Best regards
Alan
yea it can vary

I figured it could be the problem. That sux that the same indacaters don't work on different price feed.

Dave
  • #325
  • Nov 3, 2005 4:14pm Nov 3, 2005 4:14pm
Here was next 7/10 signal. This one I wasn't here to take but Its about the same as where I exited long last night.
This would have booked over 100 pips so far.

Dave

edit:judging buy how far the ma's are apart the next signal looks to be long ways off. Mabe price will fall more first.
Attached Image
  • #326
  • Nov 3, 2005 10:31pm Nov 3, 2005 10:31pm
7/10 trade

Short GBP/USD 1.7674

s/l 1/7730

target: 1.7610
  • #327
  • Nov 3, 2005 10:38pm Nov 3, 2005 10:38pm
This is on daily chart.

hold posotion on break of low.

Dave
Attached Image
  • #328
  • Nov 4, 2005 11:18am Nov 4, 2005 11:18am
Quoting xxDavidxSxx
7/10 trade

Short GBP/USD 1.7674

s/l 1/7730

target: 1.7610
holding position trades 1.7487 now

move s/l to 1.7525 for about +85 pips secured profits

this could retest 1.2770 range so I will continue to trail s/l manually. I don't like a set # to trail by.

First posted trade with the 7/10 system couldn't have been better. Don't know how long it will remain acurate but for now.....

Dave
  • #329
  • Nov 4, 2005 11:32am Nov 4, 2005 11:32am
sux I didn't take any trades on the eur/usd, Figures time I decide to trade something else it would take a move past 1.1865 all at once. 7/10 system would have had me in the trade from the top.

O well 1.1759 low is possible target now. From april 25. Mabe we'llget a trend finaly.

Dave
  • #330
  • Nov 4, 2005 12:29pm Nov 4, 2005 12:29pm
Quoting xxDavidxSxx
holding position trades 1.7487 now

move s/l to 1.7525 for about +85 pips secured profits

this could retest 1.2770 range so I will continue to trail s/l manually. I don't like a set # to trail by.

First posted trade with the 7/10 system couldn't have been better. Don't know how long it will remain acurate but for now.....

Dave
Great trade Dave.
I shorted GBP/USD yesterday at 1.7747 but decided to close it at 1.7689 before retiring for a day.
I also had an order to short EUR/USD @ 1.1890 since last night but cancelled it after nonfarm data was released and EUR rallied to 1.1970.
Will short it with a couple of lots @ 1.1860\80 if I get a chance. I hate to trade when I can't watch the action on a computer.

Mark
  • #331
  • Nov 4, 2005 2:28pm Nov 4, 2005 2:28pm
Quoting xxDavidxSxx
holding position trades 1.7487 now

move s/l to 1.7525 for about +85 pips secured profits

this could retest 1.2770 range so I will continue to trail s/l manually. I don't like a set # to trail by.

First posted trade with the 7/10 system couldn't have been better. Don't know how long it will remain acurate but for now.....

Dave
Congratulations Dave it was a great trade
today i Proved your model 7/10 in my live account, with the eur after the retracement,@ the signal1.1921 ,shorted 2 lots , closed 1 at 1895. and exit the other @1865, the system is still point down.
i tested the raczek's model with different time frame since i do not have 10 min charts , so i used 5 min with 10 wma and 20 sma instead of the 5/10 today and yesterday it worked perfect for scalping.
Thank both of you for your contributions, i needed it, i took more than 60 pips in looses traying to catch the retracement of the yen.


have a good weekend
  • #332
  • Nov 4, 2005 3:36pm Nov 4, 2005 3:36pm
Quoting xxDavidxSxx
holding position trades 1.7487 now

move s/l to 1.7525 for about +85 pips secured profits

this could retest 1.2770 range so I will continue to trail s/l manually. I don't like a set # to trail by.

First posted trade with the 7/10 system couldn't have been better. Don't know how long it will remain acurate but for now.....

Dave
Oops bad math...total of secured pips after moving s/l is +149

That stop came with in 3 pips of getting hit.

Have a great weekend.

Dave
  • #333
  • Nov 4, 2005 3:40pm Nov 4, 2005 3:40pm
Quoting bea
Congratulations Dave it was a great trade
today i Proved your model 7/10 in my live account, with the eur after the retracement,@ the signal1.1921 ,shorted 2 lots , closed 1 at 1895. and exit the other @1865, the system is still point down.
i tested the raczek's model with different time frame since i do not have 10 min charts , so i used 5 min with 10 wma and 20 sma instead of the 5/10 today and yesterday it worked perfect for scalping.
Thank both of you for your contributions, i needed it, i took more than 60 pips in looses traying to catch the retracement of the yen.


have a good weekend
I'm glad you've made good trades, bea. I missed the party today due to work
ForexFactory is probably the best source of info about FX and full of good people willing to help and share information.
I’ve followed Dave here from another forum and I’m glad he found FF.

Have a great weekend all and more pips next week.



Mark
  • #334
  • Nov 4, 2005 3:41pm Nov 4, 2005 3:41pm
Thanks guys


I cann't wait to see how 7/10 does over a couple months. Just remember if you trade 7/10 use a fxstreet chart console for the indacater. It doesn't have all the false crossovers the other charts I use have.

Dave
  • #335
  • Nov 5, 2005 4:04pm Nov 5, 2005 4:04pm
Quoting xxDavidxSxx
Thanks guys


I cann't wait to see how 7/10 does over a couple months. Just remember if you trade 7/10 use a fxstreet chart console for the indacater. It doesn't have all the false crossovers the other charts I use have.

Dave
I'm sure it will do very well in a trending market.
I wonder where do you set your sl, 20-30 pips above/below entry point?
What do you think of using DMI for additional visual confirmation and Parabolic SAR for SL?

Mark
Attached File(s)
File Type: doc Daves7_10.doc   132 KB | 405 downloads
  • #336
  • Nov 6, 2005 2:26pm Nov 6, 2005 2:26pm
Quoting raczekfx
I'm sure it will do very well in a trending market.
I wonder where do you set your sl, 20-30 pips above/below entry point?
What do you think of using DMI for additional visual confirmation and Parabolic SAR for SL?

Mark
I have never used DMI or SAR.

Actually the 7/10 I started using for the sideways market the eur/usd has been in. And to filter out 5-10 hrs of consilidation like durring the Asia session.
A trending market is EZ to trade.


I set s/l the other side of last support/resistance as with the GBP/USD trade.

Dave
  • #337
  • Nov 6, 2005 5:28pm Nov 6, 2005 5:28pm
Quoting xxDavidxSxx
holding position trades 1.7487 now

move s/l to 1.7525 for about +149 pips secured profits

this could retest 1.2770 range so I will continue to trail s/l manually. I don't like a set # to trail by.

First posted trade with the 7/10 system couldn't have been better. Don't know how long it will remain acurate but for now.....

Dave
Pulled trade @ 1.7469 for an even +200 pips...

There is no indacation yet to pull out but this is my first 200 pip win ever so I figure might as well secure that mile stone for me.
  • #338
  • Nov 6, 2005 5:39pm Nov 6, 2005 5:39pm
Nicely done Dave!
Always wait for the opportune moment… just be careful not to miss it.
  • #339
  • Nov 6, 2005 9:48pm Nov 6, 2005 9:48pm
Long eur/usd

entry 1.1816

s/l 1.1790

target open

7/10 has the same MA'S now next hr change should cross in 15 min.

potential target 1.1840 is first resistance

Dave
  • #340
  • Nov 6, 2005 10:24pm Nov 6, 2005 10:24pm
Quoting xxDavidxSxx
Here is what I got on JPY..4 hr chart

I got 2 dynamic trend lines and still a 3rd one needed befor a pullback.

RSI/Stochs have lots of room to move up still.

Dave
3rd dynamic trend line formed on USD/JPY

a break below line labeled 3 is a sell signal. I am in eur trade so cann't take this one but here is the chart on it. The last chart I posted(on previous page in thread) on JPY has 2 of the 3 dynamic trend lines.

So short USD/JPY @ 1.1782
s/l Ideal would be above the last high at 1.1840 so set s/l at maximum that your account size allows. Or what ever you want to risk.

Target:between 1.1750- 1.1737 low on Nov. 4th and hold position if it breaks that level and move s/l to break even. PT: on failer to break 1.1750(2nd dynamic trend line.)

Dave
Attached Image
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