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My trades by Dave

  • #521
  • Dec 1, 2005 5:17pm Dec 1, 2005 5:17pm
PT 1.1739 on 1hr 7/10 cross up.

+52 pips


Dave
  • #522
  • Edited 5:57pm Dec 1, 2005 5:41pm | Edited 5:57pm
whats "PT?"

Yea I guess I do have some nice profits, and I was planning on selling them out anyways tommorow before the weekend. Guess I'll lock them in now, instead of risking one more day.
  • #523
  • Dec 1, 2005 6:56pm Dec 1, 2005 6:56pm
Quoting xspowerx
whats "PT?"

Yea I guess I do have some nice profits, and I was planning on selling them out anyways tommorow before the weekend. Guess I'll lock them in now, instead of risking one more day.
pt=pull trade
  • #524
  • Dec 1, 2005 7:13pm Dec 1, 2005 7:13pm
Quoting xxDavidxSxx
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
Thanks Dave, coming from you better.
You are a good teacher, your posts and your charts are clear . i would like to learn more of E waves but i guess this topic takes years.
How about the NFP do you trade or you wait for the bounce.
  • #525
  • Dec 1, 2005 7:52pm Dec 1, 2005 7:52pm
Quoting bea
Thanks Dave, coming from you better.
You are a good teacher, your posts and your charts are clear . i would like to learn more of E waves but i guess this topic takes years.
How about the NFP do you trade or you wait for the bounce.
I am gonna enter long as close to the low as possible. And s/l below 1.1675

Try to any way.


Dave
  • #526
  • Dec 1, 2005 8:54pm Dec 1, 2005 8:54pm
Quoting xxDavidxSxx
PT 1.1739 on 1hr 7/10 cross up.

+52 pips


Dave
Nicely done.

I should’ve gone with fiber as well. My short on cable stopped me out for +1pip.
When Euro dropped, I bought a bounce at the same price as bea for a ‘quick’ 40p.
Tomorrow shall be interesting; Let everyone profit.

BTW

Dave! Your thread with over 14300 views in just 3 months is the 5th most popular on FF.
You’ve got many secret followers . Way to go my friend and thanks for sharing your journal.

Mark
  • #527
  • Dec 1, 2005 9:50pm Dec 1, 2005 9:50pm
Quoting raczekfx
Nicely done.

I should’ve gone with fiber as well. My short on cable stopped me out for +1pip.
When Euro dropped, I bought a bounce at the same price as bea for a ‘quick’ 40p.
Tomorrow shall be interesting; Let everyone profit.

BTW

Dave! Your thread with over 14300 views in just 3 months is the 5th most popular on FF.
You’ve got many secret followers . Way to go my friend and thanks for sharing your journal.

Mark

Thanks man. Nice job on that long too.

Dave
  • #528
  • Dec 2, 2005 5:46am Dec 2, 2005 5:46am
Long 1.1702

s/l 1.1640

target open.


Dave
  • #529
  • Dec 2, 2005 5:53am Dec 2, 2005 5:53am
Could you please share your thoughts behind that trade?
Always wait for the opportune moment… just be careful not to miss it.
  • #530
  • Dec 2, 2005 3:52pm Dec 2, 2005 3:52pm
Quoting fxvision
Could you please share your thoughts behind that trade?
My thoughts are that the bottom continues to hold, so just like you assume a trend is in tact untill broken, I will always assume a bottom is in tact untill broken. I trade failers not breakouts. Market moves sideways 80% of the time. As it continues to demonstrate.



I am holding this position into the weekend. The bottom holding today should discourage attempts lower at the first of next week. Several short trades went in on the break below 1.1680/75 range. I expect sunday will see market movers stop hunting on those. I wouldn't be supprised to see 1.1850 again.


Have a good weekend.

Dave
  • #531
  • Dec 2, 2005 4:15pm Dec 2, 2005 4:15pm
Have you looked at the Daily/weekly/monthly? In fact we may have a short term bottom but the longrun shows to be a downtrend. Looks like my dollar will be worth more in Europe than last summer LOL
  • #532
  • Dec 2, 2005 4:21pm Dec 2, 2005 4:21pm
Weekly Summery...

-33 losses

+80
+52
+132 winnings

132
-33
+99 total winnings for the week

only 3 trades...66% this week

Dave
  • #533
  • Dec 2, 2005 8:01pm Dec 2, 2005 8:01pm
Dave,

I’m not sure if you’re following usd/jpy pair closely, but I’d appreciate your
input on my entry. I shorted couple lots right on the red line. I know this is
still a strong uptrend but I couldn’t resist playing short, high pin bar. I wanted
to take a small short @ 121.10 but had leave PC for a short while. During that
time price went down almost 100 pips and came back 80, but didn’t touch 121
again. Maybe will see a reversal soon….


Mark
Attached File(s)
File Type: doc usdjpy4.doc   38 KB | 356 downloads
  • #534
  • Dec 2, 2005 9:49pm Dec 2, 2005 9:49pm
Quoting raczekfx
Dave,

I’m not sure if you’re following usd/jpy pair closely, but I’d appreciate your
input on my entry. I shorted couple lots right on the red line. I know this is
still a strong uptrend but I couldn’t resist playing short, high pin bar. I wanted
to take a small short @ 121.10 but had leave PC for a short while. During that
time price went down almost 100 pips and came back 80, but didn’t touch 121
again. Maybe will see a reversal soon….


Mark
I dunno the pull backits in might not go much further if any. The usd/jpy is in a strong up trend I dunno if I'd short it. I wouldwait to see a bottom on the pullback on the 1 hr chart and go long for retest.

Dave
  • #535
  • Dec 2, 2005 10:35pm Dec 2, 2005 10:35pm
Dave do you only trade the EURUSD?

BTW I was playing the USDJPY today like crazy, I was in for that ride. FXCM was lagging big time.
  • #536
  • Dec 3, 2005 10:19pm Dec 3, 2005 10:19pm
Quoting xspowerx
Dave do you only trade the EURUSD?

BTW I was playing the USDJPY today like crazy, I was in for that ride. FXCM was lagging big time.
I trade mostly eur/usd. Sometimes gbp/usd when eur/usd isn't going well for me.


Dave
  • #537
  • Dec 4, 2005 8:33am Dec 4, 2005 8:33am
an excellent thread, im learning so much from all of you and i am starting to be able to read the charts in a similar manner

thanks again
another INTP
  • #538
  • Dec 4, 2005 6:03pm Dec 4, 2005 6:03pm
If you have googled forex in search of learning forex then I can assume you know who Mark McRea is. He is the auther of (sure fire forex trading.)

I have been a member of traders secret library for a few months now. I just recieved as a loyalty bonus his book sure fire forex trading. I was relived to find out his method is almost identical to mine. No wonder I am so accurate!

I have been questioning charting programs by brokers for a long time. I found out that Mark uses inteli charts from fxtrek.com. They are not a broker so there is no need for them to mess with the price feed. I have been looking to find charts that allows me to use MA's of the high and lows. Apperantly the 50$ intelichart package doesn't offer that. I have a 7 day free trial now. I will cancile it befor I get billed at the end of 6 days. You need the 100$ a month charting package for these things....Price alerts, cross over alerts, e-mail/mobile alerts, and MA's of highs and lows.
I cann't justify paying 100$ a month yet as it would eat up 1/4-1/3 of my monthly winnings. Basicly there's nothing you need on the 50$ charts that you don't get from free charts. But if you want the alerts and can spend the 100$ a month price I would say use what the pro uses.
If you subscribe Mark gets nothing for it. Neither do I. So I am promoting nothing just a personal oponion.

Mark cann't say I unlawfully disclosed his books contents because my posts of my trades and system were here long befor the date I recieved his book.

Keep waching my trades and you'll see a little more organisation to the trades and more precise targets. You'll pick up on the small differances. There wasn't much for me to learn that I already didn't know. My entrys and s/l will be the same for the most part.

I do recomend this book for any one who needs a detailed method fully disclosed and cann't seem to grasp mine.

Dave
  • #539
  • Dec 4, 2005 6:22pm Dec 4, 2005 6:22pm
Quoting xxDavidxSxx
Long 1.1702

s/l 1.1640

target open.


Dave
1st target is gonna be 1.1731
2nd 1.1756
3rd 1.1796

s/l for proper risk/reward ratio should be 1.1685

I have to leave it 1.1640 for now because its more or less instinct where I put it.
A hit of first target I'll trail it up.

Dave
  • #540
  • Dec 4, 2005 6:35pm Dec 4, 2005 6:35pm
Here's chart

I would like to see a break above 1.1722.

Dave
Attached Image
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