My trades by Dave | Page 37 | Forex Factory

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My trades by Dave

  • #721
  • Jan 25, 2006 4:59pm Jan 25, 2006 4:59pm
Quoting xxDavidxSxx

I will short on another rally if the price doesn't fall past 1.2240/50 range.


Dave
Price has fallen below the above range so I belive the retrace is in the mid stages of developing. A trade here would not be viable. Looking back on the daily charts there is little daily support/resistance at this level in july of last year. No real significance.
This wave needs to poke below 1.2205 befor I will consider the long trade that I am looking for. I would prefer to enter at 1.2175 but once the price hits the fibo's it could turn at any time.
Once the price pokes above 1.2380 then I will be looking for that short trade thats going to challenge the 1.1640 bottom.
If the price rises above 1.2410 then I will have a bullish outlook. Untill that happens I will consider this to be in a retrace from the 1.2588/1.1640 wave.

If I were scalping i would favor shorts untill price drops below 1.2205/08, then I would start favoring longs.

Dave
  • #722
  • Jan 25, 2006 5:13pm Jan 25, 2006 5:13pm
Here is a daily chart on the above analisys.

I have pointed out a previous occurance of this deep of a retracement level where I bet every one was bullish and then a HUGE move down happened when every one least expected it.
I belive that that is unfolding again.

Dave
Attached Image
  • #723
  • Jan 25, 2006 11:50pm Jan 25, 2006 11:50pm
hey dave, since no1 has posted i'll converse with you

I did scalpe all day off 10 min charts using bollinger bands. Anytime the candle would break the top or bottom band, I would trade it back to the middle band.
Not a bad day I might add. I cought the rally up last night and I see you cought it down.
When I look at the bands on the daily chart, princible is the same.
except it usually hangs around the top band for a few days befor the drop back to center line, which now is sitting at 1.2110
I believe we will see 1 more rally to as high as 1.2345 tonight to bring that center band up to 1.2150
but what do i know im a noob... however im alot as you are, I dont want to piggyback on style, I want my own skill to sharpen

Ill roll the dice and take a long now at 1.2153 somthing usually happins between 2-6am (my luck I give back what I made today heh"")

happy trading bro!
  • #724
  • Jan 26, 2006 12:21am Jan 26, 2006 12:21am
oops meant 1.2253 =]
  • #725
  • Jan 26, 2006 4:43pm Jan 26, 2006 4:43pm
1.2174 is critical support. A drop below will negate the rally your talking about fox. But I do agree with the rally view but I belive it will peak above 1.2350/60 range.

Thanks for conversing Fox every since I hit that losing streek(totaly expected due to higher than normal success) nobody talks to me much.



Long position entry 1.2200

s/l 1.2165

target 1.2360


Dave
  • #726
  • Jan 26, 2006 7:12pm Jan 26, 2006 7:12pm
hi Dave

how do you see the gbpusd, i see the 50 fib of sep 1 -nov25 as a good support maybe a good entry point for going long
  • #727
  • Jan 26, 2006 7:18pm Jan 26, 2006 7:18pm
Quoting bea
hi Dave

how do you see the gbpusd, i see the 50 fib of sep 1 -nov25 as a good support maybe a good entry point for going long
1.7750/90 is a good range for a long depending if you can wach for optimal entry point.

Dave
  • #728
  • Jan 26, 2006 8:05pm Jan 26, 2006 8:05pm
Quoting xxDavidxSxx
Thanks for conversing Fox every since I hit that losing streek(totaly expected due to higher than normal success) nobody talks to me much
Dave
I've been here lurking the whole time.

Lou
  • #729
  • Jan 26, 2006 8:30pm Jan 26, 2006 8:30pm
Quoting xxDavidxSxx
1.7750/90 is a good range for a long depending if you can wach for optimal entry point.

Dave
thank Dave, i have been away of the fiber since my huge lost, i think for this month it was a good decision, i have been trading the gbpyen,anyway it is always a pleasure to read your analysis, every day i do my primitive Elliot waves and wait to see yours, i think i am improving but i do not dare to still post it
bye
  • #730
  • Jan 26, 2006 9:28pm Jan 26, 2006 9:28pm
Quoting xxDavidxSxx
... every since I hit that losing streek(totaly expected due to higher than normal success) nobody talks to me much.

Dave
I'm reading all your posts Dave and enjoying them.
Couldn't get much luck with fiber lately, so I moved to faster pairs: gpb/jpy
and gpb/usd. I'm also trading from daily and 4hr charts only (less stressful) and digesting pf info.
Mark
  • #731
  • Jan 27, 2006 5:25am Jan 27, 2006 5:25am
Quoting xxDavidxSxx
1.2174 is critical support. A drop below will negate the rally your talking about fox. But I do agree with the rally view but I belive it will peak above 1.2350/60 range.

Thanks for conversing Fox every since I hit that losing streek(totaly expected due to higher than normal success) nobody talks to me much.



Long position entry 1.2200

s/l 1.2165

target 1.2360


Dave
stop hit by 1 pip. - 35

long entry: 1.2177

s/l 1.2150

target 1.2360

Dave
  • #732
  • Jan 27, 2006 7:29am Jan 27, 2006 7:29am
i am long in the [email protected] sl1.7740 open target
  • #733
  • Jan 27, 2006 8:15am Jan 27, 2006 8:15am
Quoting bea
i am long in the [email protected] sl1.7740 open target
VWB almost gives out short signal. Good luck bea.

p.s. this is based on daily chart though
  • #734
  • Jan 27, 2006 8:32am Jan 27, 2006 8:32am
thank Mark i closed @7860,now it is near the 200 ema in the daily chart i guess the 7900 area is good to short the pair,
Quoting bea
i am long in the [email protected] sl1.7740 open target
  • #735
  • Jan 27, 2006 6:44pm Jan 27, 2006 6:44pm
Quoting xxDavidxSxx
stop hit by 1 pip. - 35

long entry: 1.2177

s/l 1.2150

target 1.2360

Dave
-27 pips

Have a great weekend guys. I am going to add cable to my trades for a while. My outlook on fiber is much more long term than I thought. The down move I am looking for is still viable but only after a rally retesting the highs. I will wait for the retest and short at the top. The current pull back is deep indacating the retest will probly hold at the last high.


Dave
  • #736
  • Jan 28, 2006 5:09pm Jan 28, 2006 5:09pm
the following chart describes the trade I will be looking for at the first of the week.


Dave
Attached Image
  • #737
  • Jan 28, 2006 5:33pm Jan 28, 2006 5:33pm
Here is a chart on the overall trends fibo's. 1.2350 and 1.2408 ranges are the 38.2's. If those hold then the bias is down. If they break then the next two 50% fibo's come in to target 1.2564 and 1.2650 ranges. This is kind of a critical point right now.

Dave.
Attached Image
  • #738
  • Jan 29, 2006 8:39pm Jan 29, 2006 8:39pm
long eur/usd 1.2095

s/l 1.2070

target 1.2140

Dave
  • #739
  • Jan 29, 2006 9:11pm Jan 29, 2006 9:11pm
Hi Dave,

What is making you go long at this stage? On the chart you posted yesterday, you drew a blue arrow pointing downwards.

edit: ah, sorry, I think I see it now. first a move to the upside and then a larger move down, right?
  • #740
  • Jan 30, 2006 4:48pm Jan 30, 2006 4:48pm
Quoting bluemeasure
Hi Dave,

What is making you go long at this stage? On the chart you posted yesterday, you drew a blue arrow pointing downwards.

edit: ah, sorry, I think I see it now. first a move to the upside and then a larger move down, right?
on the chart at the top of this page I posted a chart with wave count. We are still in the wave (1) decline and I am trying to trade the wave (2) retest of the highs. It is a good trade to make because you can do it with small s/l.



I am taking another long position at 1.2087

s/l 1.2060

target 1.2180

Still looking to catch the retrace of this current move down.

Dave
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