My trades by Dave | Page 43 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Famous Dave's Trading Journal 9 replies

Liam and Dave's Trades 13 replies

Script/EA to balance losing trades agianst winning trades 23 replies

Daily Trades = Lazy Trades Journal 7 replies

Dave the Trader 31 replies

Attachments: My trades by Dave
Exit Attachments

My trades by Dave

  • #841
  • Mar 30, 2006 10:24pm Mar 30, 2006 10:24pm
Quoting xxDavidxSxx
looks readyto fall now

Dave
Chart:

signal line crossing on TSI
Attached Image
  • #842
  • Mar 30, 2006 10:25pm Mar 30, 2006 10:25pm
Quoting hugobossv8
Yep, this answered my question. I've been trading with COESFx for several months now, I really like them a lot. I started with a $5000 account. The leverage they gave me to start with on this account was 50:1. I requested 100:1 leverage and they provided it to me with a requirement that you must be closed out of all positions at the end of trading on Friday with the 100:1 leverage. They do not offer anything higher than 100:1 leverage.
cool thanks
  • #843
  • Mar 30, 2006 10:41pm Mar 30, 2006 10:41pm
Are you expecting any big movements on the E-12 CPI news at 5AM est?
  • #844
  • Mar 30, 2006 10:50pm Mar 30, 2006 10:50pm
Quoting hugobossv8
Are you expecting any big movements on the E-12 CPI news at 5AM est?
I am pure tech trader. I belive its all built in to the price structure.

What I recomend is look at where the price is in relation to the daily pivot(1.2120) and the weekly pivot (1.2060). If it is near on of these then place a hedged entry and s/l out side what you belive the wipsaw range will be befor it takes direction.

If the price isn't near a pivot then it could take off towards it and then bounce off. Look where indacaters are pointing too. The market already knows what its gonna do there just waiting till a certian time to do it.

study e-wave too.

Dave
  • #845
  • Mar 31, 2006 5:17pm Mar 31, 2006 5:17pm
Quoting xxDavidxSxx
1.2160 is still good s/l 1.2178

I am in that one
This trade ended when the double hedge trade picked up at 1.2130.

+30 pips

The hedged trade is still alive with the long side stopped out. To exit at 1.2090 would make this trade a wash out. Break even. I need the price to fall below 1.2090.

On the mg account I let the short run and pulled 55 pips. The 5k account is now at 16k. I will post account summery as a URL when I can get my bro to do it for me.

Dave
  • #846
  • Mar 31, 2006 6:51pm Mar 31, 2006 6:51pm
I got into the wrong side of this move last night. Will need to analyse why. Could have been the dreaded 'need to trade' . I hate when I do that. Down about 55 right now. But not out.

Lou
  • #847
  • Mar 31, 2006 8:29pm Mar 31, 2006 8:29pm
Quoting Lou
I got into the wrong side of this move last night. Will need to analyse why. Could have been the dreaded 'need to trade' . I hate when I do that. Down about 55 right now. But not out.

Lou
I have a s/l rule. I never make a s/l greater than 40 now. And to justify that..."if I need more than 40 pip s/l I need to adjust my entry point."
Because the eur/usd ATR is usualy 90-120 pips. If you can get half a days range your doing great. Thats 45-60 pip daily targets. So a daily s/l should only be half the targets at the most. 25-30....so 40 is pushing the very max s/l on a daily move.

And wach indacaters on 1 hr charts for a reverse signal. You took a trade opposite the signals on my posted chart. MacD, TSI, are great for identifying a stall or reversal.

If not those then check different indacaters and settings untill one or two give the desired signal on the majority of past reversals on a 1 hr chart.

I have found that the ones you find good on 1 hr are good on 10 min. and 30 min. 5 and 15 and 4hr will show different.

The 4 hr chart will usually give a signal on a trends retest. On the TSI it will either bounce off the signal line or break it. either way a 4 hr signal line test results in a good move. On the test wach 1hr and 10 min charts for direction and best entry. Heres chart:

Dave

O'yea and then I try to judge what the price will do when it nears the pivots. Based on 1-4 hr charts.

edit: the 1 hr chart shows the signal cross on the top of the #1's Thats the short I tool last night.
Attached Image
  • #848
  • Apr 1, 2006 7:44am Apr 1, 2006 7:44am
I have found that interbank groupe provides 400:1 leverage. I will be checking them out next week. They will allow you to open multiple accounts on one demo. I am trying to get them to set me up with five 5k standard 400:1 accounts.
So far reading and looking at there platform I like it.

Dave
  • #849
  • Apr 1, 2006 11:05am Apr 1, 2006 11:05am
Quoting xxDavidxSxx
I have found that interbank groupe provides 400:1 leverage. I will be checking them out next week. They will allow you to open multiple accounts on one demo. I am trying to get them to set me up with five 5k standard 400:1 accounts.
So far reading and looking at there platform I like it.

Dave
Dave,

1) I'm a web developer, and if your brother doesn't have time to post your results up to a link, I will post it up to my website for you (no charge of course) - just let me know.

2) I was going to try CMS for the hedge trading. I would like to try to do the hedge trading that you are doing on demo accounts until I get good at it like you. What I don't understand is how CMS allows you to hedge against the same account. With COESfx if you buy 1 lot of something and then sell that same lot separately, it will close out the lot that you bought. So, how does CMS work, will they leave both lots open when you do this? And, how do you close out the lots if they are both left open?

3) I did a search for interbank on google and I can't figure out which broker is interbank. Is it Interbankfx.com or cbfx.com or something else? And, do you think you will like them better than CMS.

4) If CMSfx allows you to hedge your trades with a single account, why do you need to open more than one account with more brokers?

Thanks!
  • #850
  • Apr 1, 2006 2:51pm Apr 1, 2006 2:51pm
Quoting hugobossv8
Dave,

1) I'm a web developer, and if your brother doesn't have time to post your results up to a link, I will post it up to my website for you (no charge of course) - just let me know.

2) I was going to try CMS for the hedge trading. I would like to try to do the hedge trading that you are doing on demo accounts until I get good at it like you. What I don't understand is how CMS allows you to hedge against the same account. With COESfx if you buy 1 lot of something and then sell that same lot separately, it will close out the lot that you bought. So, how does CMS work, will they leave both lots open when you do this? And, how do you close out the lots if they are both left open?

3) I did a search for interbank on google and I can't figure out which broker is interbank. Is it Interbankfx.com or cbfx.com or something else? And, do you think you will like them better than CMS.

4) If CMSfx allows you to hedge your trades with a single account, why do you need to open more than one account with more brokers?

Thanks!

FOREX, Interbank Group

with brokers that allow hedging there is simply a hedge buttom to click then you enter the price the hedge goes in at. And you set s/l and limmits on the hedge. And the hedge doesn't use up any extra margin on CMS. I dunno about interbank groupe yet.
InterbankFX isn't the same. They suck. There pip spead will widden up to 10 pips.

PM me with your e-mail and I'll send you the file to post.

I currently have a fxcm real account but I want 400:1 leverage. When you see the account summery you'll know why.

Dave
  • #851
  • Apr 1, 2006 3:12pm Apr 1, 2006 3:12pm
I cann't fina a broker that covers all my needs.

400:1 leverage
wireless platform
hedging
s/l and limmit orders that don't use up margin
good charting software


Does any one know of one that provides all this?

Dave
  • #852
  • Apr 1, 2006 3:49pm Apr 1, 2006 3:49pm
Quoting xxDavidxSxx
I cann't fina a broker that covers all my needs.

400:1 leverage
wireless platform
hedging
s/l and limmit orders that don't use up margin
good charting software


Does any one know of one that provides all this?

Dave
Dave, what about CMSfx? What from your list above do they not have?

Also, in my prior post did you see my question about why you would need more than 1 broker if you have a single broker who does hedging? What is your strategy with using 2 brokers instead of just 1?

Thanks!
  • #853
  • Apr 1, 2006 6:01pm Apr 1, 2006 6:01pm
[quote=xxDavidxSxx]I cann't fina a broker that covers all my needs.

400:1 leverage
wireless platform
hedging
s/l and limmit orders that don't use up margin
good charting software


Does any one know of one that provides all this?

Dave[/QUOTE

-----------------------------------------------
Dave,
I think FXsol.com meet meet you condition. give it a try. I checked interbankgroup and they are introducing broker, which mean they will send your order to market maker to execute it.
Issam
  • #854
  • Apr 2, 2006 8:45am Apr 2, 2006 8:45am
Quoting hugobossv8
Dave, what about CMSfx? What from your list above do they not have?

Also, in my prior post did you see my question about why you would need more than 1 broker if you have a single broker who does hedging? What is your strategy with using 2 brokers instead of just 1?

Thanks!

I am checking out different brokers. Thats why I am trading 2 accounts.
Cms meets all except the wirelesss.

I am leaning heavily toward CMS

Dave
  • #855
  • Apr 2, 2006 8:46am Apr 2, 2006 8:46am
[quote=imashal]
Quoting xxDavidxSxx
I cann't fina a broker that covers all my needs.

400:1 leverage
wireless platform
hedging
s/l and limmit orders that don't use up margin
good charting software


Does any one know of one that provides all this?

Dave[/QUOTE

-----------------------------------------------
Dave,
I think FXsol.com meet meet you condition. give it a try. I checked interbankgroup and they are introducing broker, which mean they will send your order to market maker to execute it.
Issam
Thanks I'll check out FXsol.

Dave
  • #856
  • Apr 2, 2006 10:46am Apr 2, 2006 10:46am
[quote=xxDavidxSxx]
Quoting imashal

Thanks I'll check out FXsol.

Dave
I requested an fxsol demo standard with 5k and 400:1. I asked if they have wireless platform. Waiting for a reply.

I'll trade them But looking at there demo, they say they have premier charting. But there charts are at the bottom. Very few indacaters. cann't get 10 min 4 hr and 2 hr price frames. They claim to have superior price feeds so we'll see.

They have some good points so I am gonna try there demo a week.

CMS still seems to have the most to offer. There truly superior charting package(free) sets them substantually above the rest. Plus you can trade a standard lot or a mini lot from the same account. Thats big as far as I'm concerned. If you loose a big s/l with a standard lot size you can drop to a mini untill you gain some losses back.

MG, SOL, and interbank groupe all have nice platforms.

I will see how price movement is on Sol and interbank compaired to cms. And how it affects trading. Thats the only determining factor now.

Last week a trade was picked up on MG but missed buy 1 pip in cms. I had to enter the position manually 10 pips off.
Those who don't know I have been testing demos since last AUG. Taking a break in Jan, Feb. The majority, to me, are not impressive.
I would still like to meet a profesonal, indapendant, day trader and find out what broker he, or she uses.

Dave
  • #857
  • Apr 2, 2006 10:55am Apr 2, 2006 10:55am
[quote=imashal]
Quoting xxDavidxSxx
I cann't fina a broker that covers all my needs.

400:1 leverage
wireless platform
hedging
s/l and limmit orders that don't use up margin
good charting software


Does any one know of one that provides all this?

Dave[/QUOTE

-----------------------------------------------
Dave,
I think FXsol.com meet meet you condition. give it a try. I checked interbankgroup and they are introducing broker, which mean they will send your order to market maker to execute it.
Issam
An interbank broker, I belive is different that an introducing broker.

With an interbank, your tied directly with the bank, through interbank. When an order is placed it is excicuted with the bank. It just passes through interbank servers first. An interbank broker doesn't trade against there clients like brokers with dealing desks. They have no need to. Therefor there is no price freeze and manipulation. If you trade fxcm then you know all about the last statement. Thats the big advantage of an interbank. If they just had wireless and nice charts.


Dave
  • #858
  • Apr 2, 2006 11:39am Apr 2, 2006 11:39am
[quote=xxDavidxSxx]
Quoting imashal

An interbank broker doesn't trade against there clients like brokers with dealing desks. They have no need to. Therefor there is no price freeze and manipulation. If you trade fxcm then you know all about the last statement. Thats the big advantage of an interbank. If they just had wireless and nice charts.


Dave
Do brokers take positions against you in the market? Why do they do that? Is it to force the price against you and put you in losses? How successful are they in it? Wasnt Forex a large liquid market where a broker cant influence the market alone? For how long can they manipulate (time, hours or days)?

Thanks.
  • #859
  • Apr 2, 2006 12:28pm Apr 2, 2006 12:28pm
[quote=Purple]
Quoting xxDavidxSxx

Do brokers take positions against you in the market? Why do they do that? Is it to force the price against you and put you in losses? How successful are they in it? Wasnt Forex a large liquid market where a broker cant influence the market alone? For how long can they manipulate (time, hours or days)?

Thanks.
The reason brokers take positions against you is simple and very logical. I cann't blame them cause its correct.
80% of all people that try to trade the forex fail. If you trade with the majority you will fail. If you trade against the majority you will win. About 75-80% of the time cause they can see where the majority are leaning. They have the best indacater in the world....the public.

A million dollar account or several at once can push the market. Have you ever herd the frase " centeral bank buying provided support" ?
False breakouts are mostlikely large banks trying to create a chain reaction and when nobody jumped in the banwagon they exited positions causing the price to turn the otherway. Or big banks creat a false break to lure the majority into positions with s/l's. Then they reverse positions and wipe out s/l's propelling there trades. A broker can be big enough to do this with several traders entering million $ positions all at once.(FXCM is that big)

Don't let it scare you away from forex. It can all be worked out with a good system. Its all about human behavior. Try to think like a broker or a bank would. Not like the general public.


Dave
  • #860
  • Apr 2, 2006 12:40pm Apr 2, 2006 12:40pm
They wouldn't provide me with there advertised 400:1 leverage on the demo so I won't be bothering to test them.
I am reading on other forums they are a bucket shop. Probly so.

Dave
1 trader viewing now