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My trades by Dave

  • #1,281
  • Jun 16, 2006 1:30am Jun 16, 2006 1:30am
Quoting xxDavidxSxx
1.2660......moving s/l to BE
s/l hit no gain
  • #1,282
  • Jun 16, 2006 1:34am Jun 16, 2006 1:34am
Quoting xxDavidxSxx
s/l hit no gain
could have been to quick to trail s/l


but there is resistance at 1.2657/60 range could reverse here. I was hoping for an immediate break and run for 1.2700.

sustained break above this range is needed for the bulls


Dave
  • #1,283
  • Jun 17, 2006 11:23am Jun 17, 2006 11:23am
i have win some pips , lost some pips ,and after 1 week trading , lost -30 pips !

i enter the right side of the market ,both up and down (buy at dip ,and short at bottom ) but alway stop lost hit first , target met after .
  • #1,284
  • Edited 11:10pm Jun 17, 2006 10:21pm | Edited 11:10pm
Quoting adam3000
i have win some pips , lost some pips ,and after 1 week trading , lost -30 pips !

i enter the right side of the market ,both up and down (buy at dip ,and short at bottom ) but alway stop lost hit first , target met after .
Yea this bottom that has formed has beaten me pretty good. Now I can see what its doing.

Heres a chart on a long term projection.

short term, we could see the price press further up beyond the 38.2 fibo but there will be a wave 2 down to possibly retest the support, could go 78% retrace. We will know its happened when we see 3 waves down on the 4 hr chart could be a sharp correction or a sideways correction. what ever 2 is 4 should be opposite.

So I am going to try and identify this wave 1 top and wave 2 correction so we can be ready for a nice wave 3 ride. This is a wave 5 on the daily charts is why I expect it to happen.

the chart is of a sideways correction on wave 2

Dave


http://img156.imageshack.us/img156/8...ve150mn.th.jpg
  • #1,285
  • Jun 20, 2006 7:11pm Jun 20, 2006 7:11pm
Quoting xxDavidxSxx
Yea this bottom that has formed has beaten me pretty good. Now I can see what its doing.

Heres a chart on a long term projection.

short term, we could see the price press further up beyond the 38.2 fibo but there will be a wave 2 down to possibly retest the support, could go 78% retrace. We will know its happened when we see 3 waves down on the 4 hr chart could be a sharp correction or a sideways correction. what ever 2 is 4 should be opposite.

So I am going to try and identify this wave 1 top and wave 2 correction so we can be ready for a nice wave 3 ride. This is a wave 5 on the daily charts is why I expect it to happen.

the chart is of a sideways correction on wave 2

Dave


http://img156.imageshack.us/img156/8...ve150mn.th.jpg
looks like the correction could be over.

it took a deep correction on wave 2 so a wave 4 should be sideways.

If the current move up is wave 1 of wave one then we'll see a consilidation then more rise. And a test of 1.2670/80 range. And we'll want 1.2530/35 to remain firm support to keep the bull idea going.

here's chart

Dave

http://img68.imageshack.us/img68/540...over3pl.th.jpg
  • #1,286
  • Jun 21, 2006 12:45am Jun 21, 2006 12:45am
so it will go back to 1,2700 , gbp also go to 1.8500 in few days later
  • #1,287
  • Jun 24, 2006 2:36pm Jun 24, 2006 2:36pm
Quoting adam3000
so it will go back to 1,2700 , gbp also go to 1.8500 in few days later
Hey Adam,

The corrective stage the price was in seems now that was a bearish correction now that the price is in the low 1.2500's.

The view is down I will post a chart tomarrow.


Dave
  • #1,288
  • Jun 26, 2006 10:52pm Jun 26, 2006 10:52pm
OK now I belive I got this right.



On 4 hr+ charts we got 3 major corrective waves down. (bottom at 1.2476)
that would be an ABC.

Then 5 waves up ended today. That would be a wave 1 impulse to a wave 3 of one larger degree. any time you get a distinct 3 waves followed buy distinct 5 waves the market is showing clear intent.(in theory of e-wave)

This is a strong bull signal. But there needs to be a correction to the 5 wave impulse wave. sideways or deep is the only question. Usually is a deep 78% retrace after a wave like this.

but over all up trend should resume shortly a s/l below the 1.2476 low is a good place.

a wave 2 cannot retrace more than 100% wave 1. Only that will blow the bull theory.

Dave
  • #1,289
  • Jun 26, 2006 11:08pm Jun 26, 2006 11:08pm
Quoting xxDavidxSxx
OK now I belive I got this right.



On 4 hr+ charts we got 3 major corrective waves down. (bottom at 1.2476)
that would be an ABC.

Then 5 waves up ended today. That would be a wave 1 impulse to a wave 3 of one larger degree. any time you get a distinct 3 waves followed buy distinct 5 waves the market is showing clear intent.(in theory of e-wave)

This is a strong bull signal. But there needs to be a correction to the 5 wave impulse wave. sideways or deep is the only question. Usually is a deep 78% retrace after a wave like this.

but over all up trend should resume shortly a s/l below the 1.2476 low is a good place.

a wave 2 cannot retrace more than 100% wave 1. Only that will blow the bull theory.

Dave
heres chart

http://img463.imageshack.us/img463/9...ed350na.th.jpg
  • #1,290
  • Jun 27, 2006 6:54pm Jun 27, 2006 6:54pm
Quoting xxDavidxSxx
heres chart

http://img463.imageshack.us/img463/9...ed350na.th.jpg
Looks like aan a,b,c correction is complete. Almost following the lines I drew yesterday in a sideways correction. Heres chart continued....

http://img46.imageshack.us/img46/204...cont3ul.th.jpg
  • #1,291
  • Jul 1, 2006 10:16am Jul 1, 2006 10:16am
Quoting xxDavidxSxx
Looks like aan a,b,c correction is complete. Almost following the lines I drew yesterday in a sideways correction. Heres chart continued....

http://img46.imageshack.us/img46/204...cont3ul.th.jpg
Wace C extended a little deeper befor starting wave 1 of 3. Wave 3 should be topped with 5 subwaves. We should see a retrace wave 4 and then a wave 5 back up to test the high and hopefully extend past. A truncated wave 5 won't break the high but will still unfold in 5 waves. Wave a of 4 will be 5 waves. Wave b of 4 will be 3 waves and c will be 5. Once a 5,3,5 wave pattern down can be established then there will be another buy oppertunity.

Dave

http://img242.imageshack.us/img242/7...c1235yb.th.jpg
  • #1,292
  • Edited 3:47pm Jul 1, 2006 3:41pm | Edited 3:47pm
Here is a longer term outlook. This 5 waves up looks like a wave C in a wave 2 correction. Only a break above 1.3000 will shoot this down because wave 2 cann't retrace more than 100% of wave 1. But the EURO likes to retrace 78% or better . So after we look to go long at the bottom of wave 4 we want to get out near the resistance area and wait for it to either break or show weekness so we can go short and have a small sl other side of resistance. Reverse back on a break.

Dave


http://img312.imageshack.us/img312/9...rend0fo.th.jpg
  • #1,293
  • Jul 4, 2006 6:14pm Jul 4, 2006 6:14pm
Holding short from 1.2795
s/l 1.2825
target open.

The weekly chart is showing this rally as the possible topof wave c to a greater wave 2. As long as the price remains below 1.3000 range.Because wave 2 cann't go past the origanation of wave 1. I'll hold position untillit looks to reverse. Daily pivot is at 1.2802

Dave


http://img132.imageshack.us/img132/9...aves8lo.th.jpg
  • #1,294
  • Edited 6:15pm Jul 5, 2006 5:51pm | Edited 6:15pm
Quoting xxDavidxSxx
Holding short from 1.2795
s/l 1.2825
target open.

The weekly chart is showing this rally as the possible topof wave c to a greater wave 2. As long as the price remains below 1.3000 range.Because wave 2 cann't go past the origanation of wave 1. I'll hold position untillit looks to reverse. Daily pivot is at 1.2802

Dave


http://img132.imageshack.us/img132/9...aves8lo.th.jpg
Lookes like the down move here is under way. The move down has unfolded in 5 waves so we should see a rally in a 3 wave formation. and could go back up to 1.2800. It is wave 2 of a greater wave 1 of a greater wave 3.

short on rallys.

I have a new system on finding turning points. Testing on demos now. s/l was to tight. On one demo I got stopped out But on the other I didn't place a s/l and it is in nice profit. I got 3 pairs in profits from last night buying the dollar. eur/usd, gpb/usd, and usd/chf.
I beive I have a "holy grail" type of signal(sure ya do), I just gotta figure out where to place a s/l. Cann't just not have one on real money.
I'll let every one in on it soon as I finishing back testing and finding a good s/l range. This will be a set it and leave it trade system. With only 2 indacaters.

So this entry posted serves as the starting point of this group of down trend waves. On the one hr chart as far as I could see, once I got an entry signal the price never exceeded the previous top/bottom. The first time I take a signal it did it. But thats 9 out of 10 signals that were good. If that holds true I got the next big 90% system. Who knows how long it will last though.

Dave

Dave
I'll post an exit for this one and long signal for the next.

EDIT: we got 3 waves down not 5 yet. we shouldn't see it break past 1.2740/45 bottom of wave 1. But the market don't know its suppost to follow some rules. But if the price breaks above that range this could just be an a,b,c or x,y,z or f#k@p type of wave. A break above 1.2835 blows holes in the bear side.

We should still see 3 waves from the low and then 5 down in wave 5
  • #1,295
  • Jul 6, 2006 6:29pm Jul 6, 2006 6:29pm
Long signal given 7-8 hrs ago at 1.2756.

from the short signal given at 1.2795 its has 41 pips profit.

buy on dip near or below 1.2756. There is generaly a pull back/retest after signal is given.

Dave
  • #1,296
  • Jul 6, 2006 10:06pm Jul 6, 2006 10:06pm
Quoting xxDavidxSxx
Long signal given 7-8 hrs ago at 1.2756.

from the short signal given at 1.2795 its has 41 pips profit.

buy on dip near or below 1.2756. There is generaly a pull back/retest after signal is given.

Dave

s/l should be placed below the previous low. below 1.2705
  • #1,297
  • Jul 6, 2006 11:03pm Jul 6, 2006 11:03pm
here is explanation of above trade system.

1 hr chart only with 100-150 peroids.
elliott wave oscolator(defalt) and CCI set to 50, with 100 and -100 lines.
Pivot points indacator or manual calc.

trade on 3rd cross over. (cci crosses "0" line and e-wave crosses "0" line, and price crosses pivot.) In no paticular order. Placing s/l just beyond last low or high.

Use its own signals for exit or reverse. Or use any other exit method. If you just reverse trade on each signal you stay in the market and catch all the big trend moves with out getting bittin by the wipsaws. Last 9 of 10 would have kept me in the market. the last one I'd have been stopped.

The signal should happen on an impulse wave. The e-wave indicator will reflect this plus a wave 5 divergence for 5 wave confirmation. The oscolater will develope 3 humps and 2 vallys. the 3rd hump shouldn't be the highest. If it is then it wasn't a wave 5 formation. You can exit when oscolator drops below one of the vallys.

I noticed there can be a deep correction after entry signal(retest of high/low) but only one went past the low/high. So if the entry signal is missed while at work or out than the trade can be entered on the correction. Provided the e-wave doesn't give a new signal. As I am waching for now.


Dave


http://img82.imageshack.us/img82/714...rade6rx.th.jpg
  • #1,298
  • Jul 7, 2006 6:13pm Jul 7, 2006 6:13pm
Quoting xxDavidxSxx
Long signal given 7-8 hrs ago at 1.2756.



Dave
holding long position @ 1.2812

As I mentioned befor this was wave 5 of wave c of wave 2 in a big over all down trend. And wave 2 can retrace no further than wave 1 start point. So as long as 1.2980 holds the bear outlook is still in play.

I will hold position untill I get a sell/reverse signal.

Dave
  • #1,299
  • Edited 6:44pm Jul 8, 2006 6:28pm | Edited 6:44pm
Quoting xxDavidxSxx
here is explanation of above trade system.

1 hr chart only with 100-150 peroids.
elliott wave oscolator(defalt) and CCI set to 50, with 100 and -100 lines.
Pivot points indacator or manual calc.

trade on 3rd cross over. (cci crosses "0" line and e-wave crosses "0" line, and price crosses pivot.) In no paticular order. Placing s/l just beyond last low or high.

Use its own signals for exit or reverse. Or use any other exit method. If you just reverse trade on each signal you stay in the market and catch all the big trend moves with out getting bittin by the wipsaws. Last 9 of 10 would have kept me in the market. the last one I'd have been stopped.

The signal should happen on an impulse wave. The e-wave indicator will reflect this plus a wave 5 divergence for 5 wave confirmation. The oscolater will develope 3 humps and 2 vallys. the 3rd hump shouldn't be the highest. If it is then it wasn't a wave 5 formation. You can exit when oscolator drops below one of the vallys.

I noticed there can be a deep correction after entry signal(retest of high/low) but only one went past the low/high. So if the entry signal is missed while at work or out than the trade can be entered on the correction. Provided the e-wave doesn't give a new signal. As I am waching for now.


Dave


http://img82.imageshack.us/img82/714...rade6rx.th.jpg
If your charts don't offer a pivot indacater and don't want to calculate it then a 8ema/34ema cross will servr the same purpose as the pivot level. When using ema pivot use 25 pip s/l and 50 pip target and trail stop 25 pips.

***remember signals only good on a 1hr chart***

also awsome ocsolater seems to be just like elliott oscolater with 2 color bars.

Dave
  • #1,300
  • Jul 9, 2006 1:22pm Jul 9, 2006 1:22pm
Here is fridays close chart.

I'll post another when today gets started. The pivot line will move up.

The CCI is above the 100 line in overbought territory. There could be a rally early in the session. There is a long way befor cci or ewo gets back to the "0" line, and 1 more hump to form on ewo to show a wave 5 confirmation.

So this trade will ride.

Dave


http://img130.imageshack.us/img130/3...hurs4rh.th.jpg
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