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My trades by Dave

  • #361
  • Nov 10, 2005 9:19am Nov 10, 2005 9:19am
Quoting xxDavidxSxx
on what currancy pair?
in the eur/usd, now i am long @1.1730 sl 1710 first target 1.1758
  • #362
  • Nov 10, 2005 11:35am Nov 10, 2005 11:35am
Quoting bea
in the eur/usd, now i am long @1.1730 sl 1710 first target 1.1758
hey Bea,

That seems to me to be a viable trade to hit your first target.
  • #363
  • Nov 10, 2005 11:44am Nov 10, 2005 11:44am
Quoting habeeb
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
Habeeb,

fiber=?
cable=?

I was specialized in EUR/USD but have now diversified to the GBP/USD because I lost the feel on eur.
I'll try to post more charts when I have time. I am doing alot of side work in addition to my regular job gathering more money for the holiday season thats comming so time is limmited.
If your learning from my previous charts you should be able to eventually look at my trade and then see the reason behind them on your charts.
I can totaly see why Bea took the long trade he just posted just at a quick 5 second glance on my charts.

I will indeed try to get more charts on here again

thanks

Dave
  • #364
  • Nov 10, 2005 11:48am Nov 10, 2005 11:48am
Quoting xxDavidxSxx
hey Bea,

That seems to me to be a viable trade to hit your first target.
But beware that it is a risky trade because I just noticed on the 4 hr chart that this 4 hr candle poked slightly lower than the last 4 hr candle.
Still viable just risky.

Dave
  • #365
  • Nov 10, 2005 11:59am Nov 10, 2005 11:59am
Quoting xxDavidxSxx
But beware that it is a risky trade because I just noticed on the 4 hr chart that this 4 hr candle poked slightly lower than the last 4 hr candle.
Still viable just risky.

Dave
Thank you Dave
I just pull it out @1742, i agree it is too risky, the eur is too heavy
look forward to see your charts, you have been a great help for us
bye
bea
  • #366
  • Nov 10, 2005 1:27pm Nov 10, 2005 1:27pm
fiber = EurUsd
cable = GbpUsd

I still haven't found my peace with the 123 stuff yet. Just trying to learn as we move along. It's good to know a bit of everything.

Thanx
Habeeb
Keeping it Simple
  • #367
  • Nov 10, 2005 6:08pm Nov 10, 2005 6:08pm
Quoting habeeb
fiber = EurUsd
cable = GbpUsd

I still haven't found my peace with the 123 stuff yet. Just trying to learn as we move along. It's good to know a bit of everything.

Thanx
Habeeb
My appoligies Habeeb I didn't realize fiber was eur/usd...I remember I told you I don't trade the fiber. You must have been like,,,huh?

It's cool I'll post some examples of 123 method.

Dave
  • #368
  • Nov 10, 2005 6:15pm Nov 10, 2005 6:15pm
Quoting bea
Thank you Dave
I just pull it out @1742, i agree it is too risky, the eur is too heavy
look forward to see your charts, you have been a great help for us
bye
bea
Good move!!

I was trying to tell you to get out with out telling you directly.


This is what I am going to do.....If you post a trade here I will assume you want my opinion on it. I'll just tell you streight forward next time.

I am sometimes guilty of this but remember to check your trades against all time frames and use 2-3 different types of analisys on each to determine if the trade is good. Sometimes I act too fast and then find I jumped the gun. Those trades are usually the ones I don't post. The ones I post I try to examine thoroughly for the sake of you guys.

Dave
  • #369
  • Nov 10, 2005 6:35pm Nov 10, 2005 6:35pm
short eur/usd

entry 1.1685

s/l 1.1740

target: 1.1590

chart commin in a few min.
  • #370
  • Nov 10, 2005 7:07pm Nov 10, 2005 7:07pm
Here is nice example of 1,2,3

After price moves past 1.1640 range move s/l down to 1.1710.

This trade could take a while to work through bids in that range

Dave
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  • #371
  • Nov 10, 2005 7:34pm Nov 10, 2005 7:34pm
Quoting xxDavidxSxx
Good move!!

I was trying to tell you to get out with out telling you directly.


This is what I am going to do.....If you post a trade here I will assume you want my opinion on it. I'll just tell you streight forward next time.

I am sometimes guilty of this but remember to check your trades against all time frames and use 2-3 different types of analysis on each to determine if the trade is good. Sometimes I act too fast and then find I jumped the gun. Those trades are usually the ones I don't post. The ones I post I try to examine thoroughly for the sake of you guys.

Dave
Thank you Dave
some times i spend much time analyzing the 1 hour chart and i forget the others, do not feel guilty if you straight forward it is better.
i appreciate your time to look at my posts, beside all you spend in tour study for posting the best of you. i am still a junior, and i prefer to pull out of a trade than stay in the wrong direction because i had a wrong analysis.
Now i am short with the eur @ 1688 looking for the 38.2 fib from oct2000.
let see if the asian go with us.
best regards
  • #372
  • Edited 12:05pm Nov 11, 2005 11:54am | Edited 12:05pm
Quoting xxDavidxSxx
Here is nice example of 1,2,3

After price moves past 1.1640 range move s/l down to 1.1710.

This trade could take a while to work through bids in that range

Dave
I knew this could take a while to work it self out but omg.

If your in this trade it is up to you if you want to leave it in over the weekend. I am leaving it myself.
If news developes over the weekend it could be risky. Its a mid term trade though so use your own judjment.
I suggest smaller accounts get out right befor close of the day if nothing happens. If it starts to run in our favor befor the close you can move s/l down to minimise risk.
I'll just let it ride though.

Rember the longer the consilidation the bigger the move. And per. E-wave "wave 3 should be 68% longer than wave 1."

Dave

edit: wave 1 was 371 pips(1.2079-1.1708) so 68% of that is 252, add that together is 623. That would be one hell of a move.
Could that be what its gearing up to do? Wouldn't that be nice!

Its already moved 124 pips in wave 3 so that leaves 399 left starting from 1.1670. So a projected final target could be in the 1.1271 range. In the long term.

*anythings possible* and the price is about to touch the top trend line on the chart I posted and my s/l is above that.
  • #373
  • Edited 4:18pm Nov 12, 2005 1:00pm | Edited 4:18pm
Man thats scary where the eur/usd closed on Fri. came within 2 pips of hitting my stop and closed 16 pips below it.
I recalculated the fibos manually instead of with the auto fibo indacater provided by the chart. The one on the chart pulls the fibos off the open and close not the high and low so the fibos where different. I thought I put my stop on the other side of the 61.8 fibo but its not. So apon the open of mon I am moving my stop to 1.1755. I wouldn't normaly do the but it needs to be according to the way I planned the trade. Wave 2 could very well hit the 61.8 fibo befor starting wave 3. A cross of that fibo suggest a 100% retrace. That would be dissapointing. As long as the price don't rise past the top of wave 1(1.1794) the trend is still down but a break above is bullish.
I will either love or hate the eur/usd depending on the out come of this trade. Just doesn't seem to want to trend, or does it? We'll see.

Dave
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  • #374
  • Nov 12, 2005 1:39pm Nov 12, 2005 1:39pm
Here is the waves on the daily.
According to this the wave should end up around 1.1013 in the comming weeks. This is why I don't want to get stopped out of this trade. The daily wave pattern looks very text book thus far. I am a little late recognising it cause I decided to ignore eur/usd past week.



Dave
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  • #375
  • Nov 13, 2005 4:16pm Nov 13, 2005 4:16pm
I have made much less trades so I waited to do a 2 week update. All numbers when I do this are looked back apon in the thread. Thats the only info I use in my updates.

-26
-35
-21
-16
-98 in losses

+149
+32
+32
+213 in wins

+115 total

I don't usually get a 149 pip win so I call that lucky in those 2 weeks. But I'll take it.

Dave
  • #376
  • Nov 13, 2005 4:53pm Nov 13, 2005 4:53pm
This whould have been a much better entry. Same 1.1755 s/l and enter on a failer of resistance.

7/10 has crossed over on this 1 hr chart(short)

Dave
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  • #377
  • Nov 13, 2005 7:18pm Nov 13, 2005 7:18pm
Quoting xxDavidxSxx

+149
+32
+32
+213 in wins

+115 total

I don't usually get a 149 pip win so I call that lucky in those 2 weeks. But I'll take it.

Dave
I really like that 149 number. I'm adding it to my Christmas wish list.
Have you looked at cable? On 30 min there is a cross on 7/10.
I'm tempted to short it if I see this cross on 1 hr.
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  • #378
  • Nov 13, 2005 7:54pm Nov 13, 2005 7:54pm
Quoting raczekfx
I really like that 149 number. I'm adding it to my Christmas wish list.
Have you looked at cable? On 30 min there is a cross on 7/10.
I'm tempted to short it if I see this cross on 1 hr.
Yea I'd wait for 1 hr cross

Dave
  • #379
  • Edited 8:15pm Nov 13, 2005 8:09pm | Edited 8:15pm
hears what I am waching on eur.

I am deep in my trade but an entry when the rsi and price breaks down would be viable for retest of the low.

Dave

Edit: a break up targets top trend line, also good entry long.
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  • #380
  • Nov 13, 2005 8:19pm Nov 13, 2005 8:19pm
Dave do you by any change have a messanger?

I tried alot during the nite as well..... be nice if there was an extra hand to help me stay awake LOL
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