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My trades by Dave

  • #501
  • Edited Dec 1, 2005 8:04pm Nov 30, 2005 7:45pm | Edited Dec 1, 2005 8:04pm
Hi Dave,
What’s your view on cable? Have you been following this pair recently?

I took short position on red line and think of adding some more. Cable had a
good run in the last few days and it would be nice to see some correction (hoping for 100pips)
  • #502
  • Edited 8:14pm Nov 30, 2005 7:51pm | Edited 8:14pm
Quoting xxDavidxSxx
I was at work. At 10:30 EST I checked my trade, moved the s/l and locked in 80 pips it was into 100 pips at that time. Judging by the candles the move was made on the report. Thats all I know.

Dave
I'm confident it was.

Treating yourself to a nice vacation with the great month? LOL
  • #503
  • Nov 30, 2005 10:10pm Nov 30, 2005 10:10pm
Quoting raczekfx
Hi Dave,
What’s your view on cable? Have you been following this pair recently?

I took short position on red line and think of adding some more. Cable had a
good run in the last few days and it would be nice to see some correction (hoping for 100pips)
Yea I'd take that trade if I didn't already have a short in eur. Heres chart.
good eye on spotting it. I like the double top it offers. don't expect it to 100% retrace until it passes 61.8% fibo. The 50% fibo is 1.7244..


Dave
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  • #504
  • Nov 30, 2005 10:25pm Nov 30, 2005 10:25pm
Quoting xxDavidxSxx
Yea I'd take that trade if I didn't already have a short in eur. Heres chart.
good eye on spotting it. I like the double top it offers. don't expect it to 100% retrace until it passes 61.8% fibo. The 50% fibo is 1.7244..


Dave
Thanks Dave. I moved sl to be and I'm using 50pip trailing stop.
Hopefully fxcm won't screws my ts this time.
  • #505
  • Nov 30, 2005 10:26pm Nov 30, 2005 10:26pm
here is the 4 hr chart wave analisys. this suggests a large wave down the subwave is a wave 3, so is the overall trend wave. Looks like wave C is completed on the over all trend wave 2.


Dave
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  • #506
  • Nov 30, 2005 10:53pm Nov 30, 2005 10:53pm
Moving s/l for longer term trade. And target is open.

The market has spoken:

should accomidate tomarrows news. News will probly send it down. No matter the news it "usually" holds wave pattern.

Dave
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  • #507
  • Dec 1, 2005 11:49am Dec 1, 2005 11:49am
Quoting xxDavidxSxx
Lets do this short 1.1791

s/l 1.1821

target 1.1765


Since the price ia at the top of the range I am gonna try a small trade here.
moving stop to 1.1740 to lock in 50 pips thats the 50% fibo of the 1.1790/1.1690 move it just made.


Dave
  • #508
  • Dec 1, 2005 12:40pm Dec 1, 2005 12:40pm
Quoting xxDavidxSxx
moving stop to 1.1740 to lock in 50 pips thats the 50% fibo of the 1.1790/1.1690 move it just made.


Dave
i lost the action today, i am beting to have some pips in the reverse if that happen, 1 am long@1705 first target@1750 sl1670
  • #509
  • Dec 1, 2005 12:50pm Dec 1, 2005 12:50pm
Quoting bea
i lost the action today, i am beting to have some pips in the reverse if that happen, 1 am long@1705 first target@1750 sl1670
moved sl @ 1710, 5 pips are better than nothing,
  • #510
  • Dec 1, 2005 12:51pm Dec 1, 2005 12:51pm
Quote

Moving s/l for longer term trade. And target is open.

The market has spoken:

should accomidate tomarrows news. News will probly send it down. No matter the news it "usually" holds wave pattern.

Dave

Hat's off to you Dave

I'm really amazed at your analysis. How long did you say you were trading?
Anyway ... I'll stick to trading cable. Fiber and me not that good friends.

Well Done
Habeeb
Keeping it Simple
  • #511
  • Dec 1, 2005 12:54pm Dec 1, 2005 12:54pm
Good Move Bea

Highway
  • #512
  • Dec 1, 2005 2:27pm Dec 1, 2005 2:27pm
Quoting highway3000
Good Move Bea

Highway
Thanksyou highway, congrat for your news, and for your new category of senior, last nigth i could notsee dave's post but today i got the ret, for 38 pips i closed @ 1743, as you can see in the chart it was clear the fib ext and the fib channel showing the end of the retracement.
bye
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  • #513
  • Dec 1, 2005 3:48pm Dec 1, 2005 3:48pm
Quoting xxDavidxSxx
Moving s/l for longer term trade. And target is open.

The market has spoken:

should accomidate tomarrows news. News will probly send it down. No matter the news it "usually" holds wave pattern.

Dave
Are you refering to the unemployment rate release tommorow?

Reason Im asking is Im long USDJPY...
  • #514
  • Dec 1, 2005 3:59pm Dec 1, 2005 3:59pm
Thank you guys for all your kind words.

Habeeb.. I started last june so about 6 months.


Here is the 1 hr chart subwave count on current move. Got kinda close to my s/l. Will be nice it it would go on and complete a 5 wave pattern with out stopping me out.


Dave
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  • #515
  • Dec 1, 2005 4:33pm Dec 1, 2005 4:33pm
I almost have a 7/10 cross up on 1 hr chart. If it crosses and stays crossed I will pull trade. Last trade I noticed this could be a good exit indacater on a trade like this.

Dave
  • #516
  • Dec 1, 2005 4:39pm Dec 1, 2005 4:39pm
Bea,

Your long trade was well exicuted. Your really catching on to my technique on catching a retrace or bounce. One thing happens always. Theres always a retrace or the market would always go 1 direction and never stop.

Dave
  • #517
  • Dec 1, 2005 4:48pm Dec 1, 2005 4:48pm
Quoting xspowerx
Are you refering to the unemployment rate release tommorow?

Reason Im asking is Im long USDJPY...
Here is a screen shot. If its not readable its ecb rate announcement happened today 8:30 est.
Your long usd/jpy shoulda went ok depending on entry.

Dave
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  • #518
  • Dec 1, 2005 4:57pm Dec 1, 2005 4:57pm
Quoting xxDavidxSxx
moving stop to 1.1740 to lock in 50 pips thats the 50% fibo of the 1.1790/1.1690 move it just made.


Dave
OOps I posted wrong stop. No big deal on this one I am still in my stop is 1.1750 not 40. Its at an entry point if 7/10 don't cross up on 1 hr. Or a long if it crosses. A wave 2 could retrace 80% alot of the time.

Dave
  • #519
  • Dec 1, 2005 5:06pm Dec 1, 2005 5:06pm
ahh ok. I entered 119.85 and technicly this looks primed but I am a little worried about the unemployment rate release tommorow by the USD. If I have time tonight I will try to track patterns within the last couple of years during this season. If not, Ill just get up early tommorow and see what happens.
  • #520
  • Dec 1, 2005 5:15pm Dec 1, 2005 5:15pm
Here is chart. I would lock in some profits and let trade ride. got 3 possible stops depending on what you want to lock in. 119.90, 120.10, 120.20.
I would go with 120.20 myself.

Dave
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