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My trades by Dave

  • #561
  • Dec 5, 2005 11:00pm Dec 5, 2005 11:00pm
Quoting raczekfx
I've seen it earlier today someplace on fxcm.com, (now off course can't find it)
that rates they offer differs only 2pips from interbank quotes. I wonder if that's
always the case...
That could explain the 2 pip differance in my intelli charts.

So far I am likeing the intelli charts but 1 day is nothing to compair to.
We'll see.

Dave
  • #562
  • Dec 6, 2005 5:25am Dec 6, 2005 5:25am
Quoting xxDavidxSxx
That could explain the 2 pip differance in my intelli charts.

So far I am likeing the intelli charts but 1 day is nothing to compair to.
We'll see.

Dave

Here is what I found on the bottom of my FXCM report.

"Notes: Under normal market conditions, the FCM's prices are 1 to 2 pips above interbank market rates, of which up to 0.50 pip may be rebated to the introducer(s) of the account. FXCM 32 Old Slip 10th Fl. New York, NY 10005"
  • #563
  • Dec 6, 2005 5:58am Dec 6, 2005 5:58am
Quoting xxDavidxSxx
s/l came close to getting hit but was well placed.
I need to revise targets to fit the 1.1820 high it made.

1st target is 1.1770
2nd 1.1754

I don't see the price dipping below 1.1750 if it even makes it that far.
If I have to leave trade unatended I'll set limmit at the first target. We should see at least a 38.2 retrace. I expect there to be a pull back on profit taking since we just saw a 120 pip move.

Dave
Figured it wouldn't make it all the way to 1.1750. Don't mean it still cann't though.

But I set limmit befor bed.

target hit for +29 pips

Dave
  • #564
  • Dec 6, 2005 6:10am Dec 6, 2005 6:10am
Long taken

entry 1.1773

s/l 1.1735

target 1.1854

Dave
  • #565
  • Dec 6, 2005 6:56am Dec 6, 2005 6:56am
Quoting xxDavidxSxx
Long taken

entry 1.1773

s/l 1.1735

target 1.1854

Dave

Pull trade if fails to break 1.1820. Also subtract 2 pips from the s/l and target because the targets are based on intelli charts prices wich are 2 pips above most brokers.
Just need s/l below 1.1740 and target 1.1845/54 range. Use best judgment.

Dave
  • #566
  • Dec 6, 2005 11:12am Dec 6, 2005 11:12am
Quoting xxDavidxSxx
Long taken

entry 1.1773

s/l 1.1735

target 1.1854

Dave
new targets due to the new recent low of 1.1757

1st 1.1839
2nd 1.1889
3dr 1.1971

The new low is a near 50% retrace of 1.1688/1.1820 move. The targets are calculated based on the amount of the retrace. The s/l is just beyond the 61.8 fibo of 1.1738.

Dave
  • #567
  • Dec 6, 2005 11:33am Dec 6, 2005 11:33am
usd/jpy could pull bact to 120.25 area.

I'll post charts after 5 pm EST.

dave
  • #568
  • Dec 6, 2005 4:00pm Dec 6, 2005 4:00pm
Quoting xxDavidxSxx
Long taken

entry 1.1773

s/l 1.1735

target 1.1854

Dave
pulled trade 1.1780

+7 pips

Not gonna hold this trade at this level through another aisa session.

could still go up so I'll look for another entry on dip.

Dave
  • #569
  • Dec 6, 2005 4:11pm Dec 6, 2005 4:11pm
when price hits 1.1789 or better entering a short
s/l: 1.1800

1st target 1.1772
2nd 1.176
3rd 1.1744

Dave
  • #570
  • Dec 6, 2005 4:39pm Dec 6, 2005 4:39pm
Quoting xxDavidxSxx
when price hits 1.1789 or better entering a short
s/l: 1.1800

1st target 1.1772
2nd 1.1760
3rd 1.1744

Dave
Here's chart on 30 min
This should be good for a small trade. But 4 hr 7/10 freshly crossed down so could be better than I think.
Dave
Attached Image
  • #571
  • Dec 6, 2005 5:31pm Dec 6, 2005 5:31pm
I gotta give it to ya, excellent prediction on that 2nd target I believe it was at 1.1750.. the trade you pulled at 1.1770 over night. Almost perfect, I think it bounced off of 53.

your 1.1790 target was hit not to long ago.

Boy ever since I started visiting your thread i started monitoring EURUSD more closely then the other.. I like your analysis on it very much. Want to thank you for sharing it with us.
  • #572
  • Dec 6, 2005 5:48pm Dec 6, 2005 5:48pm
1.1800.... I think we may see a head and shoulder pattern here.....
  • #573
  • Dec 6, 2005 6:46pm Dec 6, 2005 6:46pm
Quoting avlasov
Here is what I found on the bottom of my FXCM report.

"Notes: Under normal market conditions, the FCM's prices are 1 to 2 pips above interbank market rates, of which up to 0.50 pip may be rebated to the introducer(s) of the account. FXCM 32 Old Slip 10th Fl. New York, NY 10005"
This is where I've seen it. It wasn't on their website as I thought it was.
Thanks avlasow
  • #574
  • Dec 6, 2005 6:56pm Dec 6, 2005 6:56pm
Quoting xxDavidxSxx
pulled trade 1.1780

+7 pips

Not gonna hold this trade at this level through another aisa session.

could still go up so I'll look for another entry on dip.

Dave
Damn, it's hard to trade when you have to work full time…
I lost 70p yesterday in 2 trades (badly placed stop), made 97p today in 5 trades on
fiber and cable. When do we get some nice trend going… wishful thinking.
Mark
  • #575
  • Dec 6, 2005 8:21pm Dec 6, 2005 8:21pm
Quoting xxDavidxSxx
when price hits 1.1789 or better entering a short
s/l: 1.1800

1st target 1.1772
2nd 1.176
3rd 1.1744

Dave
the most price action I have seen in aisa.

trade triggered and stop hit. shoulda put stop at 1.1810. I knew better.

-11 pips
  • #576
  • Dec 6, 2005 9:06pm Dec 6, 2005 9:06pm
price is in a wedge and could go either way. Here's chart.


Dave
Attached Image
  • #577
  • Dec 6, 2005 9:12pm Dec 6, 2005 9:12pm
long 1.1769

s/l 1.1745

target 1.1799
  • #578
  • Dec 6, 2005 10:16pm Dec 6, 2005 10:16pm
Dave, I have been following ur thread for some time now.

I enjoy ur trades, and just wanted to say thanks!!
looking forward to what the future shall bring =]
  • #579
  • Dec 6, 2005 10:59pm Dec 6, 2005 10:59pm
Quoting xxDavidxSxx
I am not sure that the price movement now on eur/usd is nothing more than stop hunting.

Sept 26 low was broken so my long trade is on hold.
Side lines are good for now.
I saw now evidence of any large offers yet. Price is still pushing to the down side.

1.1951/62 is next support range and a break below that targets 1.1864 low on July 4th
I think we have downside here, still has to finish the head and shoulders, shortterm 1.1760. On the longer run, about 48 hours, we can see a touch to 1.1700 in my opinion... the 1.1700 to 1.1720 range.....I've got a short at 1.1769 with at at 85. If we get that high then I think it will continue.

On the daily we got a doji and has a slight lil 'gapper area' to fill.
  • #580
  • Dec 7, 2005 5:38am Dec 7, 2005 5:38am
long 1.1707

s/l 1.1635

target: 1.1850

Dave
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