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My trades by Dave

  • #461
  • Nov 25, 2005 5:11pm Nov 25, 2005 5:11pm
Quoting xxDavidxSxx
weekly total revised from new trade.

+142
+28

+170 winnings for the week

Dave
rerevised weeks total

+170
+27
+197 winnings for the week


I forgot this was friday. I wouldn't have left that last trade in over the weekend. News can happen over the week end like the shopping. I don't know when the report of spending will come out but I immagine that this weekends spending will be a reflection on the U.S. economy. If spending is up from last year then economy is good and dollar will rise forcing eur lower.
My stop is not that big so I'll live with it. Especially since I got 2 extra trades added to my total for the week. Thats 5 wins and 1 loss. So if its 5 wins and 2 losses its still good. If the currant trade loses then I'll still have 71.4% average for the week. If this trade wins its 85.7%

Have a great weekend!

Dave
  • #462
  • Nov 25, 2005 5:59pm Nov 25, 2005 5:59pm
Hey Dave. How close to your post timeis your actual entry time? Thanks!
  • #463
  • Edited 11:00pm Nov 25, 2005 10:44pm | Edited 11:00pm
Quoting ktrade
Hey Dave. How close to your post timeis your actual entry time? Thanks!
The time I enter to the time I post is usually the time it takes me to type the trade. Then I edit and add the chart a few min. later. I wait for the chart so I can get the trade posted as fast as I can. On the last trade the chart shows the exact price of entry because the market was slow due to time of trade. I forgot it was friday and probly wouldn't have taken it had I realised the day. I don't like leaving a trade in over the weekend unless its in good profits. The market opens 15 min. befor FXCM allows you to trade, wich is Bull s**t in my opinion. In that 15 min the market can take a big leap depending on world news and events. FXCM does some crooked things I belive, but thats a different topic. I have adjusted my system to accomadate there crap. They're human beings and humans are creatures of habbit. Given time you can figure out what your broker is doing against you and work around it. I use it to my advantage.
Back to the topic....
Most of my trades take a while to develope because I take them right after NY close and the move don't happen for a few hours.
Today I took a short trade and by the time I typed the post the price had already moved 10 pips in my favor. But thats because I was off work.
I check the market at 7:00am EDT, 8:30/9:00am EDT, and at noon EDT. If I take a trade at these times I post the trade but I cann't post an analisis because I am sneeking onto the cpu at work through the admin. account where I can hide the trade station program from the owner of the cpu.:
I get home at 5:00pm EDT and am in front of my cpu untill 1:00am EDT. Unless I am doing side jobs at wich time I will tell every one that my trades will be fewer.
My thread is a public record of my trades and a free service to those who want to learn to think outside the box.

Hope that answered your question plus some you were thinking and didn't ask.

Dave
  • #464
  • Edited 5:06am Nov 26, 2005 4:53am | Edited 5:06am
Dave, your analysis of cable was spot on ... well done

Is a doji a reversal sign, or only double-doji?
We've got a doji on the weekly, that's why I'm asking.

I think we've reached the bottom of wave b on your chart
Maybe a test of 1.7100-20 before heading for 1.7240.

Happy weekend
Habeeb
Keeping it Simple
  • #465
  • Nov 26, 2005 8:03am Nov 26, 2005 8:03am
Dave,

Thanks for all the info - much appreciated!
k
  • #466
  • Nov 26, 2005 1:17pm Nov 26, 2005 1:17pm
Quoting habeeb
Dave, your analysis of cable was spot on ... well done

Is a doji a reversal sign, or only double-doji?
We've got a doji on the weekly, that's why I'm asking.

I think we've reached the bottom of wave b on your chart
Maybe a test of 1.7100-20 before heading for 1.7240.

Happy weekend
Habeeb
Yea doji is a reversal. Doesn't have to be a double doji.

Dave
  • #467
  • Nov 27, 2005 4:01pm Nov 27, 2005 4:01pm
fxstreet says the low for today is 1.1706 and my trade station says the low is 1.1702. Thats a 4 pip difference.
Any body using a broker besides FXCM? What does your broker say the low is for today?

Dave
  • #468
  • Nov 27, 2005 6:37pm Nov 27, 2005 6:37pm
Quoting xxDavidxSxx
Long entry 1.1728

s/l 1.1695

target open



Dave
stop hit - 33 pips

figured that. Thats why I don't like holding trade through the week end.

O-well.

I will enter a long probly 1.1660-70 range with a s/l below 1.1640 support.

Dave
  • #469
  • Nov 28, 2005 12:57am Nov 28, 2005 12:57am
Quoting xxDavidxSxx
fxstreet says the low for today is 1.1706 and my trade station says the low is 1.1702. Thats a 4 pip difference.
Any body using a broker besides FXCM? What does your broker say the low is for today?

Dave
I have the same problem.... However the differance in pips can sometimes benefit you on breakouts. I can't even name how many times I've bought on FXCM on breakouts from tradestation quotes and was imdiatly up 5 pips.
  • #470
  • Nov 28, 2005 1:05pm Nov 28, 2005 1:05pm
short entry 1.1850

s/l 1.1905

target open


I'll post chart later. I expect a pull back at the very least to the 1.1750/1.1800 range. 1.1800 may offer support.

there is resistance at 1.1858 from nov. 22nd. If that breaks I am hoping 1.1900 resistance holds.

Dave
  • #471
  • Nov 28, 2005 1:26pm Nov 28, 2005 1:26pm
Quoting xxDavidxSxx
short entry 1.1850

s/l 1.1905

target open


I'll post chart later. I expect a pull back at the very least to the 1.1750/1.1800 range. 1.1800 may offer support.

there is resistance at 1.1858 from nov. 22nd. If that breaks I am hoping 1.1900 resistance holds.

Dave
OMG wow! with in minuits of my entry the price jumped to with in 2 pips of my stop but then pulled back 30 pips. That 30 pip pullback should be large offers protecting options barriers at 1.1900. I hope so. Mabe we'll see more pull back on profit taking.

Dave
  • #472
  • Edited 4:51pm Nov 28, 2005 4:39pm | Edited 4:51pm
Well the top of the daily trend line held today and trade is in small profits now.

What bothers me is fxcm news says the 20 day MA is 1.1795 but my chart says 20 day MA is at 1.1750. Thats 45 pip differance in the MA. Every one look at fxcm news that has that broker. Then look at your daily chart with a 20 ma. WTF!!!!! That just makes my brain hurt trying to figure that one out.
5-10 pip differance is one thing but 45???? Something is just not right about that.

Can I get some people to give me what your chart says the 20 day ma is? Just curious.
Better yet if some one is (paying) for a price feed thats not through fxcm please tell me what your chart says the 20 day ma is.

Dave

edit: just looked at the power chart from fxcm and it says 1.1787 is the 20 day ma.
Attached Image
  • #473
  • Nov 28, 2005 5:13pm Nov 28, 2005 5:13pm
Quoting xxDavidxSxx
Well the top of the daily trend line held today and trade is in small profits now.

What bothers me is fxcm news says the 20 day MA is 1.1795 but my chart says 20 day MA is at 1.1750. Thats 45 pip differance in the MA. Every one look at fxcm news that has that broker. Then look at your daily chart with a 20 ma. WTF!!!!! That just makes my brain hurt trying to figure that one out.
5-10 pip differance is one thing but 45???? Something is just not right about that.

Can I get some people to give me what your chart says the 20 day ma is? Just curious.
Better yet if some one is (paying) for a price feed thats not through fxcm please tell me what your chart says the 20 day ma is.

Dave

edit: just looked at the power chart from fxcm and it says 1.1787 is the 20 day ma.
well I googled forex charts and they're all in the 1.1787-94 range. fxstreet is the only one at 1.1750. Thats dissapointing because I switched to there charts for that kind of reason on the 7/10 ma I am using as indacaters. Now I don't know what chats to use. I don't trust any feed comming from fxcm.

"sigh"

Dave
  • #474
  • Nov 28, 2005 5:20pm Nov 28, 2005 5:20pm
MetaTrader4 has it at 1.1751
Keeping it Simple
  • #475
  • Nov 28, 2005 5:33pm Nov 28, 2005 5:33pm
Quoting habeeb
MetaTrader4 has it at 1.1751
thanks Habeeb. I am glad I am not the only one with a 20 day ma at 1.1750.


I think I will stick with fxstreet charts. My trades have been more successfull since I started using them. Since the 7/10 works well with it.

My suggestion is don't use a break out of a MA to trade by since so many peoples ma's are different.

Does any body use E-signal charts? What does yours say? And does E-signal allow you to have a MA of the high and MA of the low? None of the free charts do and I know a good channel system for using the high low mA's.

Dave
  • #476
  • Nov 28, 2005 5:53pm Nov 28, 2005 5:53pm
Quoting xxDavidxSxx
Well the top of the daily trend line held today and trade is in small profits now.

What bothers me is fxcm news says the 20 day MA is 1.1795 but my chart says 20 day MA is at 1.1750. Thats 45 pip differance in the MA. Every one look at fxcm news that has that broker. Then look at your daily chart with a 20 ma. WTF!!!!! That just makes my brain hurt trying to figure that one out.
5-10 pip differance is one thing but 45???? Something is just not right about that.

Can I get some people to give me what your chart says the 20 day ma is? Just curious.
Better yet if some one is (paying) for a price feed thats not through fxcm please tell me what your chart says the 20 day ma is.

Dave

edit: just looked at the power chart from fxcm and it says 1.1787 is the 20 day ma.
hi Dave
in my oanda charts the 20 sma @17 et is1755
@18 et is 1761
the 7/10 is prox to cross i am short @1840 target open sl 1910
good luck
  • #477
  • Nov 28, 2005 6:03pm Nov 28, 2005 6:03pm
Quoting bea
hi Dave
in my oanda charts the 20 sma @17 et is1755
@18 et is 1761
the 7/10 is prox to cross i am short @1840 target open sl 1910
good luck
thanks Bea

At 1900 EDT(7 pm) I now have a 1.1778 20 day MA. Mabe the differance is because of such a huge move and the ma has to level out.


Still looking for an E-signal user because one day I might subscribe to it.

Dave
  • #478
  • Nov 28, 2005 10:01pm Nov 28, 2005 10:01pm
Here is chart on my current trade.

I am looking for at least a 50% retrace of the move up. Price is consilidated around the 38.2 fibo probly caused by profit taking.


1.1805/10 holding support for now.

edit: the change of the hour just gave a 7/10 cross down. on the hourly chart

Dave
Attached Image
  • #479
  • Nov 29, 2005 6:17am Nov 29, 2005 6:17am
Consumer confidance report due out this morn @ 10:00 am EST.

Hold trade through report or not? I am holding.

We are in profits so I will hold trade. Any one in this trade with small accounts is suggested to take profits now. Moving s/l will probly get hit in volitivity befor price takes direction. So I am leaving stop where it is.

Other news due out at 8:30 est.


Dave
  • #480
  • Nov 29, 2005 9:33am Nov 29, 2005 9:33am
Quoting xxDavidxSxx
short entry 1.1850

s/l 1.1905

target open


I'll post chart later. I expect a pull back at the very least to the 1.1750/1.1800 range. 1.1800 may offer support.

there is resistance at 1.1858 from nov. 22nd. If that breaks I am hoping 1.1900 resistance holds.

Dave
Moving s/l to 1.1770. locking in 80 pips so far..

Dave
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