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My trades by Dave

  • #341
  • Nov 6, 2005 10:38pm Nov 6, 2005 10:38pm
I have just wached fxstreet chart eur/usd move 10 pips and back again while FXCM chart and trade station price never moved. I guess they filter some movement to prevent scalping.
Thats why I am liking fxstreet charts more and more cause there not a broker and have no reason or need to manuplate price movement. Thus giving more accurate MA's.
Thats why the ma's are different from one chart to the next.
Again I suggest using fxstreet charts along with your brokers charts.

eventually I want to pay for a price feed directly from the sorce. Its not cheap either.

Dave
  • #342
  • Nov 6, 2005 10:48pm Nov 6, 2005 10:48pm
Quoting xxDavidxSxx
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
ok 1.1810 s/l on USD/JPY trade above( just past 61.8 fibo on the move down from the 1.1837 high)

Dave
  • #343
  • Nov 7, 2005 3:35pm Nov 7, 2005 3:35pm
Quoting xxDavidxSxx
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
stop hit -26 pips
  • #344
  • Nov 7, 2005 3:36pm Nov 7, 2005 3:36pm
Quoting xxDavidxSxx
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
I tried to post at lunch and couldn't get on the forum for some reason but PT: 117.50

+32 pips
  • #345
  • Nov 7, 2005 8:56pm Nov 7, 2005 8:56pm
Quoting xxDavidxSxx
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
Funny, I had a similartrade without even reading your message.
I got in @ 1.1822, but had the same sl. (-32 pips)
I had better luck with USD/CHF today (+43)

  • #346
  • Nov 7, 2005 9:12pm Nov 7, 2005 9:12pm
Quoting raczekfx
Funny, I had a similartrade without even reading your message.
I got in @ 1.1822, but had the same sl. (-32 pips)
I had better luck with USD/CHF today (+43)

Good job!

Yea I don't think the eur/usd is a good currancy pair to trade. The temptation to trade it is always there because I expect it to start trending but I just cann't get it right now.

I think the usd/jpy or eur/jpy or usd/chf are much better for now.

Even though the usd/jpy trend is up I can still predict and trade a down swing.
I like to trade down swings because of the potential of catching a trend reversal.
Trends are only relitive to the time frame your trading.

I will try to resist the eur/usd trades untill a change in atitude of that pair happens.

Dave
  • #347
  • Nov 8, 2005 5:06pm Nov 8, 2005 5:06pm
Hey Dave

I used your 7/10 today , i waited for confirmation with MACD crossing zero .
it was 7 :35 ET entered @ 1.1736, closed @1.1778, so far so good.I will test it again.
thank you
bea
  • #348
  • Nov 8, 2005 7:22pm Nov 8, 2005 7:22pm
Quoting bea
Hey Dave

I used your 7/10 today , i waited for confirmation with MACD crossing zero .
it was 7 :35 ET entered @ 1.1736, closed @1.1778, so far so good.I will test it again.
thank you
bea
good job,

Nice to know some one is making money off eur/usd.

And I appoligise for the lack of trade posts lately. I have been working after hours on some side jobs. The trades I post will probly be few for the time being. The trading income hasn't eliminated the need for extra side work as of yet. Also I just want to observe the market for a couple of weeks and see what attitude it takes.


Dave
  • #349
  • Nov 8, 2005 7:29pm Nov 8, 2005 7:29pm
Short GBP/USD

entry:1.7427

s/l:1.7470

target: 1.7330
  • #350
  • Nov 8, 2005 7:44pm Nov 8, 2005 7:44pm
Quoting xxDavidxSxx
good job,

Nice to know some one is making money off eur/usd.

And I appoligise for the lack of trade posts lately. I have been working after hours on some side jobs. The trades I post will probly be few for the time being. The trading income hasn't eliminated the need for extra side work as of yet. Also I just want to observe the market for a couple of weeks and see what attitude it takes

Dave
We look forward to see your posts, this is your thread
i am short @1762,sl 1790 ,the indicator is pointing down but maybe i entered too close to the pivot . i hope it works again
bye
bea
  • #351
  • Nov 8, 2005 7:51pm Nov 8, 2005 7:51pm
Quoting xxDavidxSxx
Short GBP/USD

entry:1.7427

s/l:1.7470

target: 1.7330
I went long GBP/$ at 1.7421 sl 1.7380. I'm looking for a target 1.7480/1.7500.
Will be watching to reverse and short at that level.
  • #352
  • Nov 9, 2005 11:08am Nov 9, 2005 11:08am
Quoting xxDavidxSxx
Short GBP/USD

entry:1.7427

s/l:1.7470

target: 1.7330
Trailing stop hit at 1.7390
+32 pips
  • #353
  • Edited 11:36am Nov 9, 2005 11:14am | Edited 11:36am
Quoting raczekfx
I went long GBP/$ at 1.7421 sl 1.7380. I'm looking for a target 1.7480/1.7500.
Will be watching to reverse and short at that level.
sorry bout your stop getting hit. I won't post and tell you if I think your trade is wrong direction because I wouldn't want any one to make me second guess myself.
If it were eur/usd based on past 2 weeks a trade against mine would be viable.

If the price don't make it past last low(1.7360 range) then a long might be good idea as close to the low as possible with s/l lower than my previous target(1.7330). And a target of my short entry(1.7420 range).

or possible long entry apon a rise above 1.7410/15, that will be a 7/10 crossover on 4 hr chart.

Dave
  • #354
  • Nov 9, 2005 12:36pm Nov 9, 2005 12:36pm
Quoting xxDavidxSxx
sorry bout your stop getting hit. I won't post and tell you if I think your trade is wrong direction because I wouldn't want any one to make me second guess myself.
If it were eur/usd based on past 2 weeks a trade against mine would be viable.

If the price don't make it past last low(1.7360 range) then a long might be good idea as close to the low as possible with s/l lower than my previous target(1.7330). And a target of my short entry(1.7420 range).

or possible long entry apon a rise above 1.7410/15, that will be a 7/10 crossover on 4 hr chart.

Dave
Congrats on your profit.

Actually I exited at 22:48 EST for a small 5 pip profit because I didn’t like the price action. I should’ve shorted instead.
What a wild price movement in the last several hours.

I'm hesitant about using trailing stops on fxcm platform (I think you’re using fxcm as well).
Used them twice and my stop wasn’t triggered. Instead my stop moved by itself in the wrong direction.

Maybe I’m doing something wrong (placing it to close); I did, argued with fxcm support rep. without any positive result. They said, they don't have any record of any stop being used.
Ever since I’m taking snapshots of every trade with trailing stops for a reference.
  • #355
  • Nov 9, 2005 1:09pm Nov 9, 2005 1:09pm
Quoting bea
We look forward to see your posts, this is your thread
i am short @1762,sl 1790 ,the indicator is pointing down but maybe i entered too close to the pivot . i hope it works again
bye
bea
It pull me out 1790, be -28 the next hour went down more than 60 pips my sl was too tide, i gess, today i stay out
  • #356
  • Nov 9, 2005 2:40pm Nov 9, 2005 2:40pm
Quoting xxDavidxSxx
sorry bout your stop getting hit. I won't post and tell you if I think your trade is wrong direction because I wouldn't want any one to make me second guess myself.
If it were eur/usd based on past 2 weeks a trade against mine would be viable.

If the price don't make it past last low(1.7360 range) then a long might be good idea as close to the low as possible with s/l lower than my previous target(1.7330). And a target of my short entry(1.7420 range).

or possible long entry apon a rise above 1.7410/15, that will be a 7/10 crossover on 4 hr chart.

Dave
just wanted to drop you a note david. i am enjoying your thread very much. i dont post but i lurk quite often. i got to thinking about you today as a thread has started concerning tv. i know you dont like to talk about this subject but i thought a very simple and straightforward post in that thread would be appropriate since he is a big reason you are here. if anything good came from tv in this forum it was you coming here. thanks again, jim
  • #357
  • Nov 9, 2005 7:09pm Nov 9, 2005 7:09pm
Quoting raczekfx
Congrats on your profit.

Actually I exited at 22:48 EST for a small 5 pip profit because I didn’t like the price action. I should’ve shorted instead.
What a wild price movement in the last several hours.

I'm hesitant about using trailing stops on fxcm platform (I think you’re using fxcm as well).
Used them twice and my stop wasn’t triggered. Instead my stop moved by itself in the wrong direction.

Maybe I’m doing something wrong (placing it to close); I did, argued with fxcm support rep. without any positive result. They said, they don't have any record of any stop being used.
Ever since I’m taking snapshots of every trade with trailing stops for a reference.
thats funny you should mention trailing stop seems to move on it own. I thought it was just me.
I have posted my suspitions of fxcm befor, stop hunting, and filtering price movement.
I origonally made trade w/o a trailing s/l but since the price didn't make the move when I woke up I figured I'd trail the s/l just in case.
One day I'll get away from fxcm.
If you can prove fxcm does crooked stuff I think you can bring action against them.
I haven't researched what the most reliable broker is.
Any ideas?

Dave
  • #358
  • Nov 9, 2005 7:19pm Nov 9, 2005 7:19pm
Quoting bea
It pull me out 1790, be -28 the next hour went down more than 60 pips my sl was too tide, i gess, today i stay out
on what currancy pair?
  • #359
  • Nov 9, 2005 7:25pm Nov 9, 2005 7:25pm
Quoting james16
just wanted to drop you a note david. i am enjoying your thread very much. i dont post but i lurk quite often. i got to thinking about you today as a thread has started concerning tv. i know you dont like to talk about this subject but i thought a very simple and straightforward post in that thread would be appropriate since he is a big reason you are here. if anything good came from tv in this forum it was you coming here. thanks again, jim
Thanks for the kind words Jim. Your opinion is well respected here.

Comments on tV is ok, he is on the enternet simply for our amusement....lol
We can all get a good laugh.
I am glad I left dailyfx even though my complaints seem to have brought a moderator there. I have a couple of friends I look in on from time to time there.

Thanks
Dave
  • #360
  • Nov 10, 2005 5:31am Nov 10, 2005 5:31am
Dave, you haven't posted a chart for some time. I know you specialize in fiber, but could you please post a 123 chart of cable, if it's not too much trouble.

Thanx
Habeeb
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