My trades by Dave | Page 67 | Forex Factory

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My trades by Dave

  • #1,321
  • Jul 23, 2006 2:06am Jul 23, 2006 2:06am
Quoting Lou
Dave,

Since as you say, this set up does not give a frequent signal, do you use the system on some other pairs, in order to increase the number of trades?
If so, which pairs.. I am curious because of the correlations between certain pairs. I am therefore assuming that the Swissy would have very close to the same number of signals and at the same time as Eur/Usd.


Lou
Yes I do. Good question. The swissy and cable give almost the same signals. If one signals the other 2 inevitably follow. So I have 3 one hr charts side by side. cable.fiber,swissy. I will start entering the other signals too when margin size lets me. Right now I trade 2-3 lots on euro. Eventually it will be 3 lots on all 3 pairs. The aussie is simmiler too but can march to its own drum sometimes like $yen.

Dave
  • #1,322
  • Jul 23, 2006 2:17am Jul 23, 2006 2:17am
I just read some really good advise and I'd like to pass it along to you guys.

When your making a trade keep a diary. Weather its in a text file on cpu, hand written, or voice recorded. Record your feeling about the trade at the time of the trade. A voice recorder is probly best as we may skip some thoughts in wrighting because of time. Turn on the recorder and talk out load about what your feeling and thinking as your trading. Befor during and after. And when you exit do the same. How do you feel befor the exit and how you now feel after its done. (this is a trade NOT log) Its a diary of feelings and thoughts.

At the end of each week and month review all your recordings. Chances are you'll find something in your behavier, thoughts, feelings that your werent aware of thats holding you back from more profits, or causing you to not get profits at all. Once the problem in your atitude is identified solving it should be ez.

"Only you can do this for yourself. Nobody looks after your own affairs better than you do. You don't need the latest million dollar trading system to be successful in this buisiness. Look within. You may be amazed with the results."

I am definatly going to do this.


Dave
  • #1,323
  • Jul 23, 2006 8:40pm Jul 23, 2006 8:40pm
Quoting xxDavidxSxx
Never got the sell signal I was expecting. Here is the weekly pivot chart.

The price broke the weekly pivot friday at 1.2686. This weeks pivot will be lower than that. Since there has been no retrace to this rally it is possible the price could dip to the new pivot befor continuing up. On the 4 hr chart the cci crossed 0 line along with pivot cross. And ewo is crossed up too. This isn't enough to place a buy order on because that only works on 1 hr chart. But it gives the bull side a positive outlook. the momentom indacater is still under the neutral zone. Also indacating there could be a dip.

Heres chart.

Dave


http://img152.imageshack.us/img152/3...ivotje1.th.jpg
The new weekly pivot is at 1.2641 and the price went right to it. In chart 1 it shows the new weekly pivot.
In chart 2 it shows a cross of the daily pivot(1.2673). Now just waiting for cci and ewo to signal short. So there could be a retrace to retest pivot resistance befor continuing down. I will wait for signal to make entry.

Dave


http://img62.imageshack.us/img62/256...ivotob3.th.jpg
  • #1,324
  • Jul 24, 2006 1:28am Jul 24, 2006 1:28am
short signal sell 1.2640

s/l 1.2730 above last resistance

target open
  • #1,325
  • Jul 24, 2006 1:36am Jul 24, 2006 1:36am
buy signal swissy 1.2430

s/l 1.2345

target open

edit: cable has ewo and pivot signal cci should signal in next hour change

since 2 of the 3 pairs signaled ....short cable 1.2520 s/l 1.2610

Dave
  • #1,326
  • Jul 25, 2006 5:46am Jul 25, 2006 5:46am
pull gtrade eur. 1.2642

-2 pips

signals are crossed. hav't seen the 1 hr signals look this way yet dunno what it means.

when in doubt sit it out.

bias still looks to be down but not chancing it. ewo is above 0 line and cci is above. price remains below weekly and daily pivot.
  • #1,327
  • Jul 27, 2006 6:05pm Jul 27, 2006 6:05pm
looking for a sell signal to finish crossing. cci is last one left to cross.

I am using a mobil platform for when I am away fromhome. GFT wouldn't work on sprints new pocket pc. MG has time delay charts and no indacaters.
But MIG has meta 4 mobile. And it is great. I got nice charts and nice selection of indacaters. Looks just like my desktop. And instant exicution. As instant as signal allows. Live streaming prices that move nicely with the desktop.

Now I can hopefully catch these signals durring the day and call FXDD to place the order.
Was looking at MIG as a possible off shore broker. There mobile platform pretty much seals the deal.

Why don't fxdd do this. there still using meta 3 on live. Hopefully the'll catch up soon.



Dave
  • #1,328
  • Jul 27, 2006 10:24pm Jul 27, 2006 10:24pm
cci still not crossed yet waching 1.2680 range,

www.logmein.com

I just discovered I can remote controle my desktop from my ppc. I can open meta trader, and place trades or exit trades on my home pc through remote.
You don't need a mobile trading platform. I can view it same as I was at home.
Its kinda slow though. but very affective.

I placed a short trade by remote at 1.2681 s/l 1.2715 target open.

The meta 4 moble platform is better. Its faster. But for those of that don't have that option....logmein.com looks great for me.


Dave
  • #1,329
  • Jul 28, 2006 10:59am Jul 28, 2006 10:59am
I used remote desktop (comes with XP) to connect to my home network, while traveling. If your ISP assigns you IP dynamically, all you have to do is to buy small router , which supports dyndns.
You'd have to register your domain for free with http://www.dyndns.com/.
e.g. David.dyndns.com and set it up on your router.
Every time your IP changes, your router will update it with dyndns.com.
The only thing to remember to connect to your home pc, is the name of your domain, in this case: David.dyndns.com.
I have a static IP now, so it's even easier to connect.
You can also use a free remote software: Real VNC.

I'm still enjoying your thread Dave! Keep it up.

Quoting xxDavidxSxx
cci still not crossed yet waching 1.2680 range,

www.logmein.com

I just discovered I can remote controle my desktop from my ppc. I can open meta trader, and place trades or exit trades on my home pc through remote.

Dave
  • #1,330
  • Jul 28, 2006 2:24pm Jul 28, 2006 2:24pm
Quoting raczekfx
I used remote desktop (comes with XP) to connect to my home network, while traveling. If your ISP assigns you IP dynamically, all you have to do is to buy small router , which supports dyndns.
You'd have to register your domain for free with http://www.dyndns.com/.
e.g. David.dyndns.com and set it up on your router.
Every time your IP changes, your router will update it with dyndns.com.
The only thing to remember to connect to your home pc, is the name of your domain, in this case: David.dyndns.com.
I have a static IP now, so it's even easier to connect.
You can also use a free remote software: Real VNC.

I'm still enjoying your thread Dave! Keep it up.
thanks i'll look into that.


My trade started in my direction this morn. Waching it from mt4 mobile. And then allof a sudden, news sends euro sorring. -34 pips.No time to get it out especially by remote. Untill now I haven't been catching the good signals to out weigh the bad. Hopefully now I can change that.

I look for next week to be good.

Dave
  • #1,331
  • Jul 29, 2006 6:14pm Jul 29, 2006 6:14pm
there is a top trend line the price is running into on the daily chart. And daily momentom is below in bear territory indacated by the red circle on the chart. cci is at the 0 line.

This trend line should be significant as it is on a daily/weekly scale. A failer or break should give nice trades either way.

I will sell as close to the trend line as I can get and buy reverse on a break.

Dave

http://img226.imageshack.us/img226/1...ntomts4.th.jpg
  • #1,332
  • Aug 2, 2006 7:03am Aug 2, 2006 7:03am
todays pivot is at 1.2792. Price is testing support there now. An hourly close below there is bearish unless the following candle doesn't break the low of the first and closes back above the pivot. that would be a false break.

And on the bull side we need an hourly close above 1.2807(8ema). And the following candle breaks the high of the first.

indacaters are ready for a signal down or a bounce up. waiting...


Dave
  • #1,333
  • Aug 2, 2006 7:20am Aug 2, 2006 7:20am
long 1.2805

s/l 1.2780

target open

Dave
  • #1,334
  • Aug 2, 2006 7:33am Aug 2, 2006 7:33am
well crap I had a buy order in at 2805 I thought we were going somewhere!!
  • #1,335
  • Aug 2, 2006 7:39am Aug 2, 2006 7:39am
Quoting adv9296
well crap I had a buy order in at 2805 I thought we were going somewhere!!
yes indeed. we may have been head faked. But the break below the pivot hasn't been sustained yet either. hate it when it does that zig zag so fast like that. Must have been more news or something.

Holding long for bounce. If stopped out I'll reverse order. Reason being is indacaters can only signal down since in buy mode from yesterday. So a move up won't give clear signal. But a move down will.

Dave
  • #1,336
  • Aug 2, 2006 8:31am Aug 2, 2006 8:31am
price stayed away from s/l. holding at 1.2817 looking for retest of the highs.


Dave
  • #1,337
  • Aug 2, 2006 10:13am Aug 2, 2006 10:13am
quick dip to within 1 pip of my s/l. reversing order to short. 1.2792-13 pips

s/l 1.2820

target 1.2760

dave
  • #1,338
  • Aug 2, 2006 11:05am Aug 2, 2006 11:05am
Looks like the trend reversed again after your short. Very difficult conditions to trade!
fxtrada.com
  • #1,339
  • Aug 2, 2006 11:15am Aug 2, 2006 11:15am
Quoting lifetime_trader
Looks like the trend reversed again after your short. Very difficult conditions to trade!
naa just a correction. The ma's are crossed and widening for the short move.

ewo/cci soon to cross 0 line too

can only reverse once this one has to remain in unless I get a buy signal

Dave
  • #1,340
  • Aug 2, 2006 12:09pm Aug 2, 2006 12:09pm
difficult to trade sir..just ranging..
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