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My trades by Dave

  • #1,361
  • Aug 8, 2006 5:14am Aug 8, 2006 5:14am
price has retraced 76.4% from the 1.2910 top. And is almost ready to signal long.

Here's the chart.

Dave


http://img136.imageshack.us/img136/3...gnalwt0.th.jpg
  • #1,362
  • Aug 8, 2006 8:04am Aug 8, 2006 8:04am
weak news nudged $ higher but couldn't break out.

fomc still due out at 2:15 pm EST. I am still expecting a buy signal on eur to come a little later. bottom of major trend line holding support.

Dave
  • #1,363
  • Aug 8, 2006 9:23am Aug 8, 2006 9:23am
Hi dave, you said that the fomc decision was going to be held at 2:15. The calender on here says 1:15. Just making sure ya dont miss it!
I dream, therefore I become.
  • #1,364
  • Aug 8, 2006 9:59am Aug 8, 2006 9:59am
according to this callander its is at 14:15 EST

14=2
13=1
12=12


http://img502.imageshack.us/img502/3...fomcmx7.th.jpg

Dave
  • #1,365
  • Aug 8, 2006 10:23am Aug 8, 2006 10:23am
What time is the report in GMT?

Is the time at Forex Factory Calendar correct?
fxtrada.com
  • #1,366
  • Aug 8, 2006 10:51am Aug 8, 2006 10:51am
Well thanx for the insight my friend. I was thinking it was an hour early haha
I dream, therefore I become.
  • #1,367
  • Aug 8, 2006 12:54pm Aug 8, 2006 12:54pm
Quoting lifetime_trader
What time is the report in GMT?

Is the time at Forex Factory Calendar correct?
18:15 gmt = 14:15 est

the forex factory time is 2:15 est, yes its correct
  • #1,368
  • Aug 8, 2006 12:55pm Aug 8, 2006 12:55pm
Quoting mike w
Well thanx for the insight my friend. I was thinking it was an hour early haha
np it can be confusing sometimes
  • #1,369
  • Aug 8, 2006 1:28pm Aug 8, 2006 1:28pm
FXDD screwed me out of my entry. I tried to get in at 1.2845/55 and they put me it at 1.2877. I got stopped out for big losses on the pull back.

FXDD advertises no requotes.....BULL S*&^%
  • #1,370
  • Aug 8, 2006 1:54pm Aug 8, 2006 1:54pm
Quoting xxDavidxSxx
FXDD screwed me out of my entry. I tried to get in at 1.2845/55 and they put me it at 1.2877. I got stopped out for big losses on the pull back.

FXDD advertises no requotes.....BULL S*&^%
I got requoted like 4-5 times. and I stopped trying.

suddenly I looked and was in the market with losses.

when it comes to brokers I guess you gotta choose the lesser of the evils
  • #1,371
  • Aug 8, 2006 2:24pm Aug 8, 2006 2:24pm
Quoting xxDavidxSxx
I got requoted like 4-5 times. and I stopped trying.

suddenly I looked and was in the market with losses.

when it comes to brokers I guess you gotta choose the lesser of the evils
dave i trade a retail account myself but if i remember correctly, your account was getting bigger. have you thought about an ecn type broker? like interactivebrokers.com or hotspotfx.com or coesfx.com

to be honest i have no experience in em but ecn i think you pay a commission but u trade straight with banks and other traders. so ur spreads are sometimes non existant. also i would imagine theres no problems like that during news. but i could be wrong its just what i hear.

eventually im going with hotspotfx.com. they require 7500$ to start with but i hear nothing but great things about them.
  • #1,372
  • Aug 8, 2006 2:41pm Aug 8, 2006 2:41pm
Quoting boxingislife
dave i trade a retail account myself but if i remember correctly, your account was getting bigger. have you thought about an ecn type broker? like interactivebrokers.com or hotspotfx.com or coesfx.com

to be honest i have no experience in em but ecn i think you pay a commission but u trade straight with banks and other traders. so ur spreads are sometimes non existant. also i would imagine theres no problems like that during news. but i could be wrong its just what i hear.

eventually im going with hotspotfx.com. they require 7500$ to start with but i hear nothing but great things about them.
yea might have to.

Last week I doubled my account durring news. Now suddely I have problems trading news.

I am looking into MB Trading. There compaired to interactivebrokers but have better customer service and 100:1 leverage. They also let you open with 400$. I will probly test them out with a small account befor dumping large money in them. I tested there demo same time as fxdd. They charge commision that is the equilivent to 1/2 a pip. And if your timming is right there is no spread. The spreads actually tighten durring volitity.

thanks for the good advice.

Dave
  • #1,373
  • Aug 8, 2006 3:23pm Aug 8, 2006 3:23pm
ur welcome and good luck

keep me posted with mb trading. if u like em ill throw in 400$ and try em out myself
  • #1,374
  • Aug 8, 2006 4:28pm Aug 8, 2006 4:28pm
Quoting boxingislife
ur welcome and good luck

keep me posted with mb trading. if u like em ill throw in 400$ and try em out myself
ok cool, I'll do that.



For the euro, after that wipsaw from news the price is right back where it started.

The swissy is just above the weekly pivot and the euro is just below the weekly pivot. Making the $ look bullish in the short term. So I am not really sure what to think as far as a direction.

So for now The price is ranged between 1.2800 and 1.2900. I mentioned in a previous post that a break of this range will most likely give rise to a mid/long term trend direction wich ever way it goes.

In this corner we have the bulls (snort snort)

and in the other corner we have the bears (growl growl)

ok guys, you know the rules, (no rules)......lets get ready to rumble!!!!!!

And there off...a battle for controle of the waves




seriously now...just waiting for a signal. I have neutral bias

Dave
  • #1,375
  • Aug 8, 2006 6:55pm Aug 8, 2006 6:55pm
bias still neutral but it starting to make sence now. The price action today formed the b,c to an a,b,c correction after a 5 wave up trend.

blue lines 1,2,3,4,5, purple a,b,c

price ran into two major trend lines at 1.2750/60 range.

still cann't say wich way the trend will go next. but the market will tell us when its ready.

I still look for the market to range from 1.2750/1.2900 while the bulls and bears fight it out. we'll need a double zigzag to form befor a down trend can happen.

Dave


http://img117.imageshack.us/img117/3...ountfm3.th.jpg
  • #1,376
  • Aug 9, 2006 8:31am Aug 9, 2006 8:31am
Quoting xxDavidxSxx
bias still neutral but it starting to make sence now. The price action today formed the b,c to an a,b,c correction after a 5 wave up trend.

blue lines 1,2,3,4,5, purple a,b,c

price ran into two major trend lines at 1.2750/60 range.

still cann't say wich way the trend will go next. but the market will tell us when its ready.

I still look for the market to range from 1.2750/1.2900 while the bulls and bears fight it out. we'll need a double zigzag to form befor a down trend can happen.

Dave


http://img117.imageshack.us/img117/3...ountfm3.th.jpg

current analysis remains in tact.
Ranged trading for now.

I took a small 12 pips last night and then wached it just keep on going and going and going. No way to have predicted that streight shot to the top of the range.

That move could have easily been a wave 1 impule wave. a wave 2 can retrace 100%. then a wave 1 of 3 could go back to the top of the range. then 2 of 3 can go 100% back to the bottom. but then 3 of 3 could break out. So thats 2 more trips to the bottom of the range, and 2 back to the top.

Dave
  • #1,377
  • Aug 9, 2006 9:47am Aug 9, 2006 9:47am
Quoting xxDavidxSxx
current analysis remains in tact.
Ranged trading for now.

I took a small 12 pips last night and then wached it just keep on going and going and going. No way to have predicted that streight shot to the top of the range.

That move could have easily been a wave 1 impule wave. a wave 2 can retrace 100%. then a wave 1 of 3 could go back to the top of the range. then 2 of 3 can go 100% back to the bottom. but then 3 of 3 could break out. So thats 2 more trips to the bottom of the range, and 2 back to the top.

Dave
there are many possibilities here this range could tighten to a wedge, it could take off streight up, it could form a running flat, and more. The range can get confusing.

just when you think its doing one thing chances are its doing another.

its important to keep an open mind.

since the ewo/cci "0" line cross could signal late in a range like this I think I will trade the break back on the 100 line. That should get me in near the top or bottom of the waves. When cci nears the "0" line be carefull of a 0 line bounce.

cci is at 137 now and falling.

Dave
  • #1,378
  • Aug 9, 2006 11:49am Aug 9, 2006 11:49am
My theory: EUR/USD is now trading at 1.2883. It is in a wave 4 retracement of the upwards trend since last night. It will trend down today to about 1.2850, then go up to about 1.2900 during the European session, then turn around at or before the significant U.S. data releases at 8:30 ET tomorrow, and go back down to about 1.2775 to compete a downwards complex corrective wave which started Aug 4 at 1.2906. Then it will rise to about 1.3000, completing the long term trend which started November 15, 2005.
  • #1,379
  • Edited 12:32pm Aug 9, 2006 12:17pm | Edited 12:32pm
Quoting itme
My theory: EUR/USD is now trading at 1.2883. It is in a wave 4 retracement of the upwards trend since last night. It will trend down today to about 1.2850, then go up to about 1.2900 during the European session, then turn around at or before the significant U.S. data releases at 8:30 ET tomorrow, and go back down to about 1.2775 to compete a downwards complex corrective wave which started Aug 4 at 1.2906. Then it will rise to about 1.3000, completing the long term trend which started November 15, 2005.
ty for your insite itme, I can totaly agree with that. I am looking at it the same way. Just waiting some kind of trade signal to short on this correction.

funny how the market suddenly flip flopped in the past 2 days. usually NY trends and asia corrects. But now aisa/london is trending and us is consilidating and correcting.

I sat there and wached the whole move up last night. only taking small pips at the start on my inverted cliffhanger setup.

for the entry I need the hourly candle to close below the 8 ema. the 8 ema is the cliff. when it does it should fall off. 8 ema on 1 hr chart is at 1.2878

but the 8 ema is still on the buy side of the 34 ema on the 5 min chart.
cci is falling on the 5 min chart though and a move should be soon.

Dave

I am lurking in the background of your thread
  • #1,380
  • Aug 9, 2006 1:05pm Aug 9, 2006 1:05pm
Hey are you trying to build up your post counts or what? Your messages are devoid of anything useful so far.

Quoting Limoo_torshe
great to test
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