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Attachments: My trades by Dave
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My trades by Dave

  • #761
  • Feb 3, 2006 7:38am Feb 3, 2006 7:38am
Quoting xxDavidxSxx
exit position 1.2105

-8 pips

Price is breaking up so I'll look for a new entry.

Dave

I re-entered position at 1.2090 last night after the rally. I forgot I posted the exit so I didn't repost the entry untill I looked just now.


So far so good on the news this morning. Holding position at 1.2030 and falling.


Moving s/l to 1.2070

Dave
  • #762
  • Feb 3, 2006 7:41am Feb 3, 2006 7:41am
Quoting xxDavidxSxx
gbp/usd short entry.

See 30 min chart below.

If the price rises above the top line a long trade could be in order. But for now my bias is down.

Dave
entry was 1.7806

holding position at 1.7697 and falling

moving s/l to 1.7750

Both targets are open for now. Just keep trailing the s/l

Dave
  • #763
  • Feb 3, 2006 11:04am Feb 3, 2006 11:04am
exit euro 1.2015.....+75 pips


exit gbp 1.7620......+186 pips



+261 pips total on the 2 trades.


Dave
  • #764
  • Feb 3, 2006 2:02pm Feb 3, 2006 2:02pm
Quoting xxDavidxSxx
exit euro 1.2015.....+75 pips


exit gbp 1.7620......+186 pips



+261 pips total on the 2 trades.


Dave
Well done Dave. Are you re-entering short on a retrace. NFP's direction usually carries over to the Monday.

Take care
Habeeb
Keeping it Simple
  • #765
  • Feb 6, 2006 4:39pm Feb 6, 2006 4:39pm
Here is the daily chart on eur. The price has found daily trend line support. I am looking for it to break the trend line a drop well below.
A rally would give way to a possible head and shoulders.

Current order: short 1.1932 s/l 1.2032

Target open but eyeballing 1.1800 and lower.

Dave
Attached Image
  • #766
  • Feb 6, 2006 4:40pm Feb 6, 2006 4:40pm
Quoting habeeb
Well done Dave. Are you re-entering short on a retrace. NFP's direction usually carries over to the Monday.

Take care
Habeeb
Yea I missed out on todays move.

Dave
  • #767
  • Feb 6, 2006 5:15pm Feb 6, 2006 5:15pm
here is chart again since it changed pages here.

Dave
Attached Image
  • #768
  • Feb 6, 2006 7:49pm Feb 6, 2006 7:49pm
Quoting xxDavidxSxx
exit euro 1.2015.....+75 pips


exit gbp 1.7620......+186 pips



+261 pips total on the 2 trades.


Dave
Hello Dave
You are the "steeler" beautiful touchdown
  • #769
  • Feb 7, 2006 3:57pm Feb 7, 2006 3:57pm
Quoting xxDavidxSxx
Here is the daily chart on eur. The price has found daily trend line support. I am looking for it to break the trend line a drop well below.
A rally would give way to a possible head and shoulders.

Current order: short 1.1932 s/l 1.2032

Target open but eyeballing 1.1800 and lower.

Dave
A boring day today. Price moving between the narrow bottom channel. I think we're probably heading up from here. any thoughts.
Attached Image
Keeping it Simple
  • #770
  • Feb 7, 2006 4:05pm Feb 7, 2006 4:05pm
I've tried my luck again at counting. Please correct m mistakes.

Thanx
Habeeb
Attached Image
Keeping it Simple
  • #771
  • Feb 11, 2006 1:03pm Feb 11, 2006 1:03pm
Habib,

This is what I got for the current wave count.

It is the small picture of a bigger A,B,C decline below 1.1640 low. This first 1,2,3,4,5, wave down should be wave A.
When a 5th wave has been established the bias will be up for wave B but now Daily bias is down. Keep in mind that on intraday charts there are smaller waves and there mabe a retrace from fridays fall. But a small one.


Dave
Attached Image
  • #772
  • Feb 11, 2006 4:54pm Feb 11, 2006 4:54pm
Quoting xxDavidxSxx
Habib,
This is what I got for the current wave count.

It is the small picture of a bigger A,B,C decline below 1.1640 low. This first 1,2,3,4,5, wave down should be wave A.
When a 5th wave has been established the bias will be up for wave B but now Daily bias is down. Keep in mind that on intraday charts there are smaller waves and there mabe a retrace from fridays fall. But a small one.
Dave
Hi and Welcome back Dave

Thanx for posting your chart. You 2-3 swing is very long. Didn't you miss a swing in the middle?

Okay, I'm posting a weekly chart because the numbers looks easier to find. My point 2 at the end is place there because that's at the 61Fibo from point 5-2. Doesn't swings usually occur at this Fibo level?

Thanx
Habeeb
Attached Image
Keeping it Simple
  • #773
  • Feb 13, 2006 7:29pm Feb 13, 2006 7:29pm
Habib,

Your numbering there looks viable.

On your question of missing a swing, I belive that swing was apart of a lower time frame wave count. It would have made wave 3 too short to fit the "wave 3 is the longest wave" rule.

Wave "3" and wave "c" are usually the same depending on the time frame.

On your wave 1and2 after the 1,2,3,4,5 was complete should be a A,B count. According to the e-wave rule of a,b,c pattern following a 1,2,3,4,5 count.

Here is a screen shot from e-wave. Shows an eight wave pattern, 1,2,3,4,5,a,b,c.

I don't know if you'll be able to read the words on it though.

Dave

edit: same pattern applies to bear market.
Attached Image
  • #774
  • Feb 13, 2006 7:32pm Feb 13, 2006 7:32pm
Here is a current chart of eur. It is stuck consilidated between 1.1920 and 1.1875.

Just waiting for a break of either or a failer of either. Price is in the middle now at 1.1890/1.1900.

Dave
Attached Image
  • #775
  • Feb 13, 2006 10:48pm Feb 13, 2006 10:48pm
Here is a chart on the cable.

This is a clasic 5 wave pattern. Notice how wave 4 didn't move past wave 1 bottom. And also the way wave 2 unfolded in an a,b,c so as a result and general rule wave 4 was a sharp correction.

Now we have to see if wave 5 has bottomed out yet or not. Then we will see an A,B,C correction.

Dave
Attached Image
  • #776
  • Feb 16, 2006 4:57pm Feb 16, 2006 4:57pm
Here is a chart for eur/usd.

Trade entry: short 1.1899

s/l 1.1915

target open for now


The above chart and wave count for gpb/usd still same.

Dave
Attached Image
  • #777
  • Feb 16, 2006 5:12pm Feb 16, 2006 5:12pm
Here is waves for gbp/usd


We look like were in wave 1 of wave C. A brief pull back on a wave 2 then a rally on a wave 3 might be likely.

Dave
Attached Image
  • #778
  • Feb 16, 2006 10:30pm Feb 16, 2006 10:30pm
Here is new chart on eur trade. Holding at 1.1880.

Finding support it is in a triangle. It could drop or retrace.

I'll be waching for retest of the low.

Dave
Attached Image
  • #779
  • Feb 16, 2006 10:38pm Feb 16, 2006 10:38pm
Quoting xxDavidxSxx
Here is a chart for eur/usd.

Trade entry: short 1.1899

s/l 1.1915

target open for now


The above chart and wave count for gpb/usd still same.

Dave
moving s/l to break even.
  • #780
  • Feb 21, 2006 6:24pm Feb 21, 2006 6:24pm
Quoting xxDavidxSxx
moving s/l to break even.
s/l was hit at break even the following day.


I am now long eur @ 1.1913, s/l 1.1975 target open. I will post the chart in a few.


gbp/usd looks to be in the wave C on the last chart I posted. Long position would be good there too.

Dave
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