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My trades by Dave

  • #861
  • Apr 2, 2006 2:27pm Apr 2, 2006 2:27pm
Short entry: current price. 1.2119

s/l 1.2149

Target range 1.2030/64
30 min chart.

divergence on the RSI and Williams%.

8/13 crossing down.

4 hr time chart is poised for a drop too.

I expect a bounce back to the up trend from the target range.

you can trade this down swing or place an entry near 1.2050 s/l 1.2025 and just trade the upswing since the overall trand is on an upward slope. either way. Somewhere there is a time chart showing a down trend.

Dave
Attached Image
  • #862
  • Apr 2, 2006 2:30pm Apr 2, 2006 2:30pm
Thanks Dave for the reply.
  • #863
  • Apr 2, 2006 3:06pm Apr 2, 2006 3:06pm
I am able to place trades on the CMS demo while market is closed. Is this possible on the live one too?

Dave
  • #864
  • Apr 2, 2006 3:47pm Apr 2, 2006 3:47pm
Quoting xxDavidxSxx
Short entry: current price. 1.2119

s/l 1.2149

Target range 1.2030/64
30 min chart.

divergence on the RSI and Williams%.

8/13 crossing down.

4 hr time chart is poised for a drop too.

I expect a bounce back to the up trend from the target range.

you can trade this down swing or place an entry near 1.2050 s/l 1.2025 and just trade the upswing since the overall trand is on an upward slope. either way. Somewhere there is a time chart showing a down trend.

Dave
new weekly pivot 1.2091. Daily is 1.2121.

So the price might take this range for a day or so.

Dave
  • #865
  • Apr 2, 2006 6:50pm Apr 2, 2006 6:50pm
Quoting xxDavidxSxx
Short entry: current price. 1.2119


s/l 1.2149

Target range 1.2030/64
30 min chart.

divergence on the RSI and Williams%.

8/13 crossing down.

4 hr time chart is poised for a drop too.

I expect a bounce back to the up trend from the target range.

you can trade this down swing or place an entry near 1.2050 s/l 1.2025 and just trade the upswing since the overall trand is on an upward slope. either way. Somewhere there is a time chart showing a down trend.

Dave
Dave, what charting software are you using for the screenshots you are doing?
  • #866
  • Edited Apr 3, 2006 12:09am Apr 2, 2006 10:32pm | Edited Apr 3, 2006 12:09am
Nice call Dave !!

What led you to pick the 1.2030 level? It is the 27% fib line... but why that particular one? There were other fib lines and the 200 sma on the way down.

Lou
  • #867
  • Apr 3, 2006 9:44am Apr 3, 2006 9:44am
Sorry I didn't get the long entry posted last night. But I had a long entered at 1.2050 s/l 1.2015

target open.



I'll answer all questions after work 5-6pm est.

Dave


edit: I looked at my post again and did have the long posted. :

I must say I hit that one right on the nail.
  • #868
  • Edited 5:07pm Apr 3, 2006 9:46am | Edited 5:07pm
Quoting xxDavidxSxx
Short entry: current price. 1.2119

s/l 1.2149

Target range 1.2030/64
30 min chart.

divergence on the RSI and Williams%.

8/13 crossing down.

4 hr time chart is poised for a drop too.

I expect a bounce back to the up trend from the target range.

you can trade this down swing or place an entry near 1.2050 s/l 1.2025 and just trade the upswing since the overall trand is on an upward slope. either way. Somewhere there is a time chart showing a down trend.

Dave
exited on the short order at 1.2050

+69 pips.
  • #869
  • Apr 3, 2006 9:53am Apr 3, 2006 9:53am
Colseing long at 1.2105


+55 pips


Dave

Too bad interbank groupe didn't have my 5 accnt demo set up yet. But the 8k one is at 26k now.
  • #870
  • Apr 3, 2006 4:36pm Apr 3, 2006 4:36pm
Ok guys here it is.


On this chart I posted with the trades. CMS demo charting, daily fibo pivots defalt setting.
The price wasnt sustaining the break above the green pivot. So I entered a short. My target range came from the 2 fibo target lines. I have divergence on the RSI and williams %.
The trend is still sloped up on the daily/weekly. So I figured this was gonna bounce back up. Hence the aarows drawn on the chart.


Dave
  • #871
  • Apr 3, 2006 4:53pm Apr 3, 2006 4:53pm
Here is the trade on a 4 hr chart with fibo boli's set at default setting.

TSI(true streingth index)
and 8 ema/13 sma cross over are the indacaters at the bottom.

There is a signal line crossing on both indacaters. Same time the price is targeting the middle band. So a break of the middle band confirms the trade. Then target the first line after the band. Both of these methods I am using were lining up perfectly.
I exited the trade when I realized it was paused at the middle boli.

To use the fibo bolis trading you need TSI or MacD to give a signal line cross. and mabe 1 other trend indacater. Then trade middle line cross, middle line bounce, or target the middle line when comming off one of the outer lines. Use the trend indacater to keep you trading the right direction. Then when all the signal crosses line up with a middle boli cross on a 4 hr or higher time frame you know a nice move is comming.

Hope that helped some.

Dave


Dave

I am having a problem uploading files. It says file is partially uploaded. I tried like 20 times. Sry guys.
  • #872
  • Apr 3, 2006 5:04pm Apr 3, 2006 5:04pm
Here is last weeks results on the 2 different demos.

The CMS one is 35% accurate, over traded, and took 2 weeks to get a 100% return.

The MG one is 75% accurate, well traded, and only took 1 week to get 200% return.

I am testing brokers and at the same time practicing high leverage trades.

so far my system seems to be able to accomidate a lack of trade discipline. I was just playing around on that one. I was seriouse on the MG.

http://www.mindsofdesign.com/xxdavi...dmgaccounts.htm

Here is the link

Dave
  • #873
  • Apr 3, 2006 5:14pm Apr 3, 2006 5:14pm
Placeing short any where between 1.2130 and 1.2140 s/l 1.2155

Target 1.2110/15 range

Daily pivot is 1.2105 and the weekly pivot is 1.2090.

so I will place a long entry at 1.2110 to reverse the position and place s/l beyond the weekly pivot at 1.2085

Dave

Hold for entry untill I post. If following.
  • #874
  • Apr 3, 2006 5:26pm Apr 3, 2006 5:26pm
short 1.2134 entered

Dave
  • #875
  • Apr 3, 2006 8:04pm Apr 3, 2006 8:04pm
The middle bolli on the 4 hr chart is 1.2112 so I am setting limmit at 1.2115.
Setting price alerts at 1.2120

Dave
  • #876
  • Apr 4, 2006 2:19am Apr 4, 2006 2:19am
Quoting xxDavidxSxx
short 1.2134 entered

Dave
s/l 1.2155 hit

-21 pips


long entry @ 1.2105.....s/l 1.2075

target open.

Dave
  • #877
  • Apr 4, 2006 2:43am Apr 4, 2006 2:43am
File partially uploaded....is the error I keep getting. Any clues? I don't know if its my cpu or the site here.


Any way the wipsaw tonight has poked to a new high. the 38.2 fibo of the move up 1.2030/1.2155/60, falls at around 1.2105/12 range.

Here is a new rule for trading off the 5pm est close. Enter only if with in 5 pips of the high. That was a poor entry because I was 20 pips below the high.


Dave
  • #878
  • Apr 4, 2006 3:26am Apr 4, 2006 3:26am
Quoting xxDavidxSxx


long entry @ 1.2105.....s/l 1.2075

target open.

Dave
This entry might not get picked up.

As tempting as it is to trade this breakout, I feel like I would be tradeing just to be trading.

Dave
  • #879
  • Apr 4, 2006 4:48pm Apr 4, 2006 4:48pm
Short entry 1.2265 or better. s/l 1.2295


1st target daily pivot @ 1.2219


Dave
  • #880
  • Apr 4, 2006 5:57pm Apr 4, 2006 5:57pm
Quoting xxDavidxSxx
Short entry 1.2265 or better. s/l 1.2295


1st target daily pivot @ 1.2219


Dave
I got 1.2265 but if you held out could have got a little better. A retest of the 1.2278 high is always possible. But I don't see it going higher.

Dave
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