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My trades by Dave

  • #1,401
  • Aug 10, 2006 9:35am Aug 10, 2006 9:35am
there is a double top in place now. The major wave started at 1.2450 range. There could be a correction to this wave comming now. That would be nice. Because I am in near the top. euro usually corrects more than 50% and alot of the times it corrects 76%.

1.2745 is 38.2

1.2685 is 50

1.2633 is 61.8 (the golden ratio)


4 hr CCI has crossed 0 line now and ewo is gonna cross soon. Not good entry signals but good confirmation signals of a major wave turn.

Dave


o yea, if looking at a line chart then the high was never broken because there was no hourly or even 30 min close above. Dunno if the break is valad or not. It may or may not have opened the door to the up side.
  • #1,402
  • Aug 10, 2006 11:33am Aug 10, 2006 11:33am
Quoting xxDavidxSxx
there is a double top in place now. The major wave started at 1.2450 range. There could be a correction to this wave comming now. That would be nice. Because I am in near the top. euro usually corrects more than 50% and alot of the times it corrects 76%.

1.2745 is 38.2

1.2685 is 50

1.2633 is 61.8 (the golden ratio)


4 hr CCI has crossed 0 line now and ewo is gonna cross soon. Not good entry signals but good confirmation signals of a major wave turn.

Dave


o yea, if looking at a line chart then the high was never broken because there was no hourly or even 30 min close above. Dunno if the break is valad or not. It may or may not have opened the door to the up side.
the price has reached the 38.2 fibo. due to bounce a bit now but the down side is wide open. looking at weekly and monthly charts the move down can be far. but over the long term.

all mid term indacations are down. Finaly got in on a good ewo/cci signal.

this is a big 5 waves down so a correction to 1.2805 could happen befor resuming the fall.

Dave

Dave
  • #1,403
  • Aug 10, 2006 11:44am Aug 10, 2006 11:44am
here is some more insite to triangles I started last week....





"Triangles appear to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. [They] nearly always occur in positions prior to the final actionary wave in the pattern of one larger degree… When a triangle occurs in the fourth wave position, wave five is sometimes swift and travels approximately the distance of the widest part of the triangle."

thats streight from the book

Dave
  • #1,404
  • Aug 10, 2006 12:23pm Aug 10, 2006 12:23pm
Quoting xxDavidxSxx
the price has reached the 38.2 fibo. due to bounce a bit now but the down side is wide open. looking at weekly and monthly charts the move down can be far. but over the long term.

all mid term indacations are down. Finaly got in on a good ewo/cci signal.

this is a big 5 waves down so a correction to 1.2805 could happen befor resuming the fall.

Dave

Dave
I got a 50 pip trailing s/l that has moved to 1.2821. lets see how it works out

Dave
  • #1,405
  • Aug 10, 2006 1:58pm Aug 10, 2006 1:58pm
Quoting xxDavidxSxx
the price has reached the 38.2 fibo. due to bounce a bit now but the down side is wide open. looking at weekly and monthly charts the move down can be far. but over the long term.

all mid term indacations are down. Finaly got in on a good ewo/cci signal.

this is a big 5 waves down so a correction to 1.2805 could happen befor resuming the fall.

Dave

Dave
Ok bounce happened as predicted. Price (1.2797) is nearing the 1.2800/05 8 ema on 1 hr chart. This should provide resistance befor a wave 5 back down to retest the 1.2745 low.

Dave
  • #1,406
  • Aug 10, 2006 4:38pm Aug 10, 2006 4:38pm
Quoting xxDavidxSxx
Ok bounce happened as predicted. Price (1.2797) is nearing the 1.2800/05 8 ema on 1 hr chart. This should provide resistance befor a wave 5 back down to retest the 1.2745 low.

Dave
while the above ema has provided resistance as I thought its goint to retest.

mig demo on pocket pc is crossed 8 ema but on fxdd is has not.....I hate that....totaly messes up judgment....who do you trust

guess we'll see

this mobile mig price feed seems to be good though lil more active than fxdd

Dave
  • #1,407
  • Aug 10, 2006 5:31pm Aug 10, 2006 5:31pm
Dave,

How do I find the free charting for this technical indicator?

How are we going to use for entry and exit?

Thanks,
Rich
  • #1,408
  • Aug 10, 2006 6:07pm Aug 10, 2006 6:07pm
Quoting Ric
Dave,

How do I find the free charting for this technical indicator?

How are we going to use for entry and exit?

Thanks,
Rich
you can use any demo with meta trader 3 or 4.

awsome oscolater is same as ewo. or any thing thats a 5/34 oscolator.

I use 8 ema/ 13 ema/ 21sma for entry exit.

do a search I have it detailed some where in this thread

Dave
  • #1,409
  • Aug 10, 2006 7:58pm Aug 10, 2006 7:58pm
Quoting xxDavidxSxx
while the above ema has provided resistance as I thought its goint to retest.

mig demo on pocket pc is crossed 8 ema but on fxdd is has not.....I hate that....totaly messes up judgment....who do you trust

guess we'll see

this mobile mig price feed seems to be good though lil more active than fxdd

Dave

8 ema can be powerful indacator as seen this time as the price tried as it may didn't break 4 hrs of pushing. but a retest could and sometimes does.

turns out fxdd was the accurate indacater and mig was giving false buy signal. Due to small differances in price movement.

new daily pivot is at 1.2817. turns out my s/l trailed down to just above it.

price pulling back off the ema probly going for a retes of the low in a wave 5.

long wave down was wave 3

trades 1.2783 now

Dave
  • #1,410
  • Aug 10, 2006 11:17pm Aug 10, 2006 11:17pm
now price is just hanging around waiting for the 8 ema to catch up

I expect some kind of move when it does. could correct mor or break downward.

trades 1.2773

Dave
  • #1,411
  • Aug 11, 2006 7:27am Aug 11, 2006 7:27am
Quoting xxDavidxSxx
I moved s/l further out and set a trailing stop and went to sleep. 4 hrs of stress. Soon as I went to sleep the price took off. My trailing stop was hit for a weak 6 pips profit. Much better than losses.

There was a break of the 1.2905 high but led to nothing further.

Currently I am short euro on ewo and cci break of "0" line and break below pivot. entry 1.2840 s/l 1.2865 ( above last resistance.)

News this morning moved the pair into a short signal. Lets see if the signal holds.

Dave
pt at 1.2775

+ 65 pips

pulling out for news. it could correct all the way back to the top (1.2900) because wave 2 can retrace 100% and still keep a down trend start in tact.

ewo and cci are far from a buy signal.

so I'll just wach

Dave
  • #1,412
  • Aug 11, 2006 7:46am Aug 11, 2006 7:46am
Good call yesterday!!!
  • #1,413
  • Aug 11, 2006 11:16am Aug 11, 2006 11:16am
Ok news looked bullish for the $ so I am back in from 1.2765...s/l 1.2785


Dave
  • #1,414
  • Aug 11, 2006 11:34am Aug 11, 2006 11:34am
Dave, where do you get your news from in time to trade before the move happens?

thanks
  • #1,415
  • Aug 11, 2006 12:24pm Aug 11, 2006 12:24pm
Quoting stricko108
Dave, where do you get your news from in time to trade before the move happens?

thanks
I don't get it in time. but pretty fast. I get it on the MIG bobile demo I use to see market away from home.

But I only get the head line of the news. Wich is good enough it includes the change in #'s. It comes exactly as the price starts to jump. I am very impressed at there news delivery. But you can purchase a news feed like they get.


Dave
  • #1,416
  • Aug 11, 2006 12:32pm Aug 11, 2006 12:32pm
Quoting xxDavidxSxx
Ok news looked bullish for the $ so I am back in from 1.2765...s/l 1.2785


Dave
I will pull this trade befor the trading day closes for the weekend. Too much happening in the news.

will reavaluate an entry on monday

price trading 1.2734 now and moved s/l to b/e till I pull it.


Dave
  • #1,417
  • Aug 11, 2006 1:15pm Aug 11, 2006 1:15pm
exit trade for the week end...1.2725

+ 40 pips.

the retest here is a good spot for me. don't think price will push further between now and 4.

Dave
  • #1,418
  • Aug 14, 2006 9:06am Aug 14, 2006 9:06am
price:1.2737


waiting for a rentry on the short i closed last fr. Price is in a correction. Still could rally back to 1.2765 for a deeper correction, so I'll wait.

Dave
  • #1,419
  • Aug 14, 2006 12:08pm Aug 14, 2006 12:08pm
We predicted, and you concurred as follows 08-09-2006, 12:49 :

<table class="tborder" id="post81994" align="center" border="0" cellpadding="6" cellspacing="1" width="100%"> <tbody><tr><td class="thead" id="currentPost">08-09-2006, 12:49 <!-- / status icon and date -->
</td> </tr> <tr> <td class="alt2" style="padding: 0px;"> <!-- user info --> <table border="0" cellpadding="0" cellspacing="6" width="100%"> <tbody><tr> <td class="alt2">
</td> <td nowrap="nowrap">
</td> <td width="100%">
</td> <td nowrap="nowrap" valign="top">
</td> </tr> </tbody></table> <!-- / user info --> </td> </tr> <tr> <td class="alt1"> Elliott Wave analysis
<hr style="color: rgb(209, 209, 225);" size="1"><!-- / icon and title --><!-- message --> 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.
<!-- / message -->

<!-- controls -->

</td></tr></tbody></table>Results: EUR/USD trended down to 1.2853 during the night as predicted, then went up to 1.2911 as predicted during the European session, then turned around before the data releases at 8:30 ET (at 3:00 ET), then went down to 1.2747 (further than expected) very strongly under the impulse of the news release, then zigzagged on down to this morning's low of 1.2708. The EUR/USD is now on a downwards mini-trend, but when it is over at about 1.2710 it will probably start a fifth wave upwards towards 1.2950.
  • #1,420
  • Aug 15, 2006 1:04am Aug 15, 2006 1:04am
long signal

1.2742

daliy pivot is 1.2728 cci is on 0 line and ewo crossed 0.


s/l 1.2690

Dave
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