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Attachments: My trades by Dave
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My trades by Dave

  • #681
  • Jan 3, 2006 1:09am Jan 3, 2006 1:09am
1st short 1.1883

s/l 1.1945

target: 1.1640


Dave
  • #682
  • Jan 3, 2006 2:11am Jan 3, 2006 2:11am
2nd short 1.1900

s/l 1.1945

target 1.1640

Dave
  • #683
  • Jan 3, 2006 4:22pm Jan 3, 2006 4:22pm
both shorts stopped out for a total of -147 pips


What a way to start the new year getting raped like that.

Price needs to finish the upward correction befor the short trade is viable.

Dave
  • #684
  • Jan 3, 2006 4:58pm Jan 3, 2006 4:58pm
short entry: 1.2015

s/l: 1.2035

target: 1.1980

The 38.2 fibo from todays move is at the 1.1945 area.



I expect a retrace on profit taking from the move today.

Dave
  • #685
  • Jan 3, 2006 5:21pm Jan 3, 2006 5:21pm
Quoting xxDavidxSxx
short entry: 1.2015

s/l: 1.2035

target: 1.1980

The 38.2 fibo from todays move is at the 1.1945 area.



I expect a retrace on profit taking from the move today.

Dave
This trade is going on the asumption that from the close of NY to mid asia session the market should be to thin to push the price past the resistance found at 1.2030. If the price fails to break below 1.2000 I will exit.

Dave
  • #686
  • Jan 3, 2006 5:57pm Jan 3, 2006 5:57pm
lost with the pound more than 100 pips, now i am short with the eur from 1970 sl 2040 looks i am going to have another 70 pips with 2 lots i feel miserable
  • #687
  • Jan 4, 2006 12:34pm Jan 4, 2006 12:34pm
Quoting bea
lost with the pound more than 100 pips, now i am short with the eur from 1970 sl 2040 looks i am going to have another 70 pips with 2 lots i feel miserable
It was a bad day for me as well. Left sl way too large since I was away from a PC, hoping weekly trendline will hold. I wish I placed orders to buy my stops. It was painfull but good lesson.
  • #688
  • Jan 4, 2006 4:17pm Jan 4, 2006 4:17pm
Quoting xxDavidxSxx
short entry: 1.2015

s/l: 1.2035

target: 1.1980

The 38.2 fibo from todays move is at the 1.1945 area.



I expect a retrace on profit taking from the move today.

Dave
stop hit

-20 pips
  • #689
  • Jan 4, 2006 4:34pm Jan 4, 2006 4:34pm
This post holliday wave 3 hasn't seen any kind of retrace on the 4hr-daily chart.
Befor this rally is complete there will be a wave 4 retrace then a wave 5 retest of highs. Then an a,b,c formation should unfold.
Prices are looking to rise into the 1.2200/1.2300 range befor the greater down trend resumes and re-targets the 1.1640 range. Wich will give even better short entry.

I will wait untill the 2200/2300 range is achieved befor I try another long term position like the big one I lost out on.

The loss yesterday of 167 was just fine because the 2 previous trades banked over 120+ pips each. So the risk/reward management remains good.


Sorry about you guys losses. My accuracy % should catch up with me and give me some really good wins.

Dave
  • #690
  • Jan 4, 2006 4:52pm Jan 4, 2006 4:52pm
Here is daily chart.

The rally is a long streight run so retrace is in order.

I will buy on a dip. The short trend should be considered up untill the 38.2 fibo is hit. Once the price is in the labled fibo range I will stop taking long trades.


Dave
Attached Image
  • #691
  • Jan 4, 2006 5:15pm Jan 4, 2006 5:15pm
Here is a 2hr chart on the wave count.
Attached Image
  • #692
  • Jan 5, 2006 8:19pm Jan 5, 2006 8:19pm
short entry: 1.2090

s/l 1.2155

target open


Dave

edit: pending break below 1.2060/65 range
  • #693
  • Jan 5, 2006 8:31pm Jan 5, 2006 8:31pm
heres chart on the above short.

Dave
Attached Image
  • #694
  • Jan 5, 2006 8:37pm Jan 5, 2006 8:37pm
Hi Dave,

Are you going to let this run through the payroll news tomorrow or close it before that ?

Lou
  • #695
  • Jan 5, 2006 9:03pm Jan 5, 2006 9:03pm
Quoting Lou
Hi Dave,

Are you going to let this run through the payroll news tomorrow or close it before that ?

Lou
I'll close it.


Then I'll set orders for breakout, mabe.

Depends on wat it does tonight.

Dave
  • #696
  • Jan 5, 2006 9:05pm Jan 5, 2006 9:05pm
tomarrows news will probly send the price on its final rally up to 1.2250/2300 range.

A retrace tonight to 1.2000 and then news sending it up would fit wave pattern.

Dave
  • #697
  • Jan 6, 2006 4:09am Jan 6, 2006 4:09am
Quoting xxDavidxSxx
short entry: 1.2090

s/l 1.2155

target open


Dave

edit: pending break below 1.2060/65 range

pulling trade break even 1.2088

long entry: 1.2160

s/l: 1.2125 trailed 35

short entry: 1.2060

s/l 1.2090 trailed 35

Dave
  • #698
  • Jan 9, 2006 5:16pm Jan 9, 2006 5:16pm
Quoting xxDavidxSxx
pulling trade break even 1.2088

long entry: 1.2160

s/l: 1.2125 trailed 35

short entry: 1.2060

s/l 1.2090 trailed 35

Dave
The breakout on fridays news didn't last. Trailing stop was hit for -2 pips.

I am setting an order to short at 1.2110

s/l 1.2145

the entry is between the 38.2/50% fibos of the current move down. And s/l is 15 pips the other side of the 62.8 fibo.

Target: 1.2030

Dave
Attached Image
  • #699
  • Jan 10, 2006 6:09pm Jan 10, 2006 6:09pm
Quoting xxDavidxSxx
The breakout on fridays news didn't last. Trailing stop was hit for -2 pips.

I am setting an order to short at 1.2110

s/l 1.2145

the entry is between the 38.2/50% fibos of the current move down. And s/l is 15 pips the other side of the 62.8 fibo.

Target: 1.2030

Dave
Couldn't have called that one any closer.

Holding current short position.

Dave
  • #700
  • Jan 12, 2006 6:29pm Jan 12, 2006 6:29pm
Quoting xxDavidxSxx
Couldn't have called that one any closer.

Holding current short position.

Dave
That trade was stopped out for -35 pips


I am looking to enter a long position at the 1.1990/80 range.

Dave
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