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My trades by Dave

  • #1,241
  • Jun 1, 2006 9:35am Jun 1, 2006 9:35am
Looking for a spot to short.

1.2780 is 4 hr 8 ema. A close above that I'll stop looking to short.

Also price aproaching 1 hr middle bolli

Dave
  • #1,242
  • Jun 1, 2006 2:02pm Jun 1, 2006 2:02pm
Now looking for a place to long on a dip.


Range between 1.2700/1.2950

I expected it toget closer to 1.2700 and missed out on a good ride.

Got a couple of scalps but just made up for 1 of the losses.

I'll work on a chart but its really hard to tell anything off of a 1-4 hr chart. The move today made a nice 1,2,3,4,5. So it has to be one of these waves...1,3,5,c. Nothing else unfolds in 5 subwaves.

So I'll look to go long on a dip. Provided 1.2800 don't hold support

Dave
  • #1,243
  • Jun 1, 2006 2:10pm Jun 1, 2006 2:10pm
heres chart.

trade the break out mabe.

http://img473.imageshack.us/img473/4...ngle9ni.th.jpg
  • #1,244
  • Jun 1, 2006 2:12pm Jun 1, 2006 2:12pm
short 1.2798

s/l 1.2712

target 50% of the move up
edit(1.2773)
Dave
  • #1,245
  • Jun 1, 2006 3:43pm Jun 1, 2006 3:43pm
exit 1.2801
  • #1,246
  • Jun 1, 2006 3:47pm Jun 1, 2006 3:47pm
Quoting xxDavidxSxx
exit 1.2801
trade came back on me after 10 pips. Looks like mabe a retest of the high comming.

Dave
  • #1,247
  • Jun 1, 2006 4:01pm Jun 1, 2006 4:01pm
Long 1.2802

s/l 1.2788

target the high

Dave
  • #1,248
  • Jun 1, 2006 5:05pm Jun 1, 2006 5:05pm
Quoting xxDavidxSxx
Long 1.2802

s/l 1.2788

target the high

Dave
exit 1.2808

Mabe nothing but price pulled back quick off 1.2818

and since it hasn't even retraced 38.2 yet I'll wait and for a new entry
  • #1,249
  • Jun 1, 2006 6:55pm Jun 1, 2006 6:55pm
Quoting xxDavidxSxx
exit 1.2808

Mabe nothing but price pulled back quick off 1.2818

and since it hasn't even retraced 38.2 yet I'll wait and for a new entry

re entered same as exit

1.2808

s/l 1.2895

target open
  • #1,250
  • Jun 1, 2006 7:17pm Jun 1, 2006 7:17pm
Quoting xxDavidxSxx
re entered same as exit

1.2808

s/l 1.2795

target open
and exit -3 pips


there is a wave comming up or down the correction from this nice 5 wave up is confusing me.

The thrust up just now now looks like a wave 5. So this should be the sub waves to a bigger wave 1.

taking any longs on dips to 1.2800/2790 range

Dave
  • #1,251
  • Jun 1, 2006 7:25pm Jun 1, 2006 7:25pm
Heres chart


http://img58.imageshack.us/img58/560...aves1ub.th.jpg
  • #1,252
  • Jun 1, 2006 7:30pm Jun 1, 2006 7:30pm
I don't think wave 5 is complete.
  • #1,253
  • Jun 1, 2006 11:21pm Jun 1, 2006 11:21pm
Long 1.2816

break out trade


s/l 1.2795

target open

Dave
  • #1,254
  • Jun 2, 2006 12:23am Jun 2, 2006 12:23am
I agree, Wave 5 is far from complete. But the "breakout" was a reach to touch the top of the consolidation channel of the corrective wave of the larger cycle. I see it coming down again tonight to the bottom of the current range before it takes off again upwards.

Non-farm payrolls are tomorrow a.m., so the trading will be rangebound tonight, and it will take off upwards tomorrow after the news. It may spike downwards first, though, before re-initiating its upwards trend , if I am correct.
  • #1,255
  • Jun 2, 2006 5:03pm Jun 2, 2006 5:03pm
Quoting xxDavidxSxx
Long 1.2816

break out trade


s/l 1.2795

target open

Dave
well the posted trade got stopped out right to the pip on 3 different platforms.

But I moved s/l down to 75 befor bed so my actual trade is still holding in nice profits. I didn't get home in time to close it. So I'm stuck in it over the weekend.
I rarly will post to move a s/l back. I don't want any one to lose extra pips for my sugestion.

Dave
  • #1,256
  • Jun 2, 2006 7:44pm Jun 2, 2006 7:44pm
Quoting xxDavidxSxx
well the posted trade got stopped out right to the pip on 3 different platforms.

But I moved s/l down to 75 befor bed so my actual trade is still holding in nice profits. I didn't get home in time to close it. So I'm stuck in it over the weekend.
I rarly will post to move a s/l back. I don't want any one to lose extra pips for my sugestion.

Dave
Dave,

Nice! I wish I would have put my marker a little high to grab some more pips. Do you think this is the completion of 'wave 5' or that we're in for a rally upwards to the 1.3000 mark?

- FCX
  • #1,257
  • Jun 3, 2006 6:04pm Jun 3, 2006 6:04pm
Quoting FCX
Dave,

Nice! I wish I would have put my marker a little high to grab some more pips. Do you think this is the completion of 'wave 5' or that we're in for a rally upwards to the 1.3000 mark?

- FCX
On the daily there is a trend line the price broke through. So a pullback to retest that trend line is likely, My bias is up over all.

But could be a false break and resume the range between 1.2700 1.2900

Dave
  • #1,258
  • Jun 4, 2006 4:15pm Jun 4, 2006 4:15pm
Quoting xxDavidxSxx
Long 1.2816

break out trade


s/l 1.2795

target open

Dave
PT: 1.2935

Looks like a retest of the high. I'll get out here.


+ 117 pips
  • #1,259
  • Jun 4, 2006 4:17pm Jun 4, 2006 4:17pm
Quoting xxDavidxSxx
PT: 1.2935

Looks like a retest of the high. I'll get out here.


+ 117 pips
now lets go short 1.2935

s/l 1.2955


target open

Dave
  • #1,260
  • Jun 4, 2006 4:20pm Jun 4, 2006 4:20pm
The above is more just a logical trade. No indacaters.

I belive that on a sunday the market won't push above 1.2945/50.

So we should see a pullback of some kind and consilidation through Asia session.

dave
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