My trades by Dave | Page 72 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Famous Dave's Trading Journal 9 replies

Liam and Dave's Trades 13 replies

Script/EA to balance losing trades agianst winning trades 23 replies

Daily Trades = Lazy Trades Journal 7 replies

Dave the Trader 31 replies

Attachments: My trades by Dave
Exit Attachments

My trades by Dave

  • #1,421
  • Aug 15, 2006 9:11am Aug 15, 2006 9:11am
Quoting xxDavidxSxx
long signal

1.2742

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


s/l 1.2690

Dave
exit 1.2798

+56 pips

I dunno how far this will rise but this looks good to me.

retrace from the 1.2910 start.
1.2786 38.2%
1.2812 is 50%
1.2835 61.8%
1.2865 76.4%

I am expecting this leg up to be wave C of a wave 2 in a down trend. As long as 1.2910 resistance remains in tact this will remain my view.

Dave
  • #1,422
  • Aug 16, 2006 6:56am Aug 16, 2006 6:56am
price trades 1.2785

after thr euro came alive it dipped to the 4hr 21 ma(1.2770) wich was the 38.2% fibo of the current move up.

The 4 hr ewo is signaling buy and cci is close.

on 1 hr chart ewo and cci is near a sell signal. Judging by the 4 hr charts this 1 hr signal will be a bounce off 0 lines and long signal.

Just awaiting some kind of confirmation.

Dave
  • #1,423
  • Aug 16, 2006 2:18pm Aug 16, 2006 2:18pm
I tried to go long right befor news. I started trying to place entry 3 min befor news. But platform lag wouldn't allow it. I spent too much time waiting for the click to open the trade window, and waiting for my curser to show up in the s/l box. Finaly when I decided to just goahead and click buy, I couldn't see my curser. It turned 8:30 and the news came in on moble platform. And I wached it take off with out me. I was so mad.


The price reached 76% retrace and found resistance. I entered short at 1.2860.

s/l 1.2875

Target open for now.

There was no trade signal Just knowing there is significant resistance established in this range a fall back would happen. And I am looking at this latest leg up today as near the end of wave c of wave 2 correction to the Larger trend down.

I will sell on rallys near this area. Untill the resistance is broke or the price reaches new lows below 1.2695.

If resistance is broke then this cann't be wave 2 to a down trend but a wave 3 of an up trend. But untill the top is taken out then I am bearish.

I'll use ema's cross to exit any trades

Dave
  • #1,424
  • Aug 17, 2006 8:44am Aug 17, 2006 8:44am
I exited yesterday with a modest 10 pips on the 8 ema cross on hourly.

today same type of trade.

I am short euro 1.2875 s/l 1.2895

current price 1.2860/70

I will exit when Ma signals to.

Dave


A good mid term position would be short now and s/l 1.2925 target 1.2550

This current rally looks to be the wave 5 of wave c CORRECTION. So now we should see 5 waves down. If I am wrong about the count we should at least see 3 waves down. so either way the next move should be down.
Keep in mind that this wave 5 could extend to but not past 1.2910 for my bearish out look to remain in tact.

Dave
  • #1,425
  • Aug 17, 2006 12:12pm Aug 17, 2006 12:12pm
I am close to a signal on ewo,cci. and price is nearing the daily pivot of 1.2825. A move below the pivot will certianly bring ewo,cci into a sell signal.

That would be great as I am in from the very top.

Here is chart.

Dave

And a special thanks to Jim/James16, for telling me how to post clear charts.
Attached Image
  • #1,426
  • Aug 17, 2006 12:24pm Aug 17, 2006 12:24pm
here is chart with a,b,c labeled.

and price is on pivot 1.2825 now.

dave
Attached Image
  • #1,427
  • Aug 17, 2006 1:15pm Aug 17, 2006 1:15pm
The 2 pm est candle has brought the euro$ into sell signal.

short signal, 1.2820

s/l 1.2895

Target: no target trail s/l 50

Dave
Attached Image
  • #1,428
  • Aug 17, 2006 4:22pm Aug 17, 2006 4:22pm
Quoting xxDavidxSxx
The 2 pm est candle has brought the euro$ into sell signal.

short signal, 1.2820

s/l 1.2895

Target: no target trail s/l 50

Dave
new pivot is 1.2842. My cci signal pulled back just above the 0 line. ewo is in sell signal.

The price could rise to 1.2842 befor falling. The ewo moving back to buy side and cci not crossing under is the exit signal.


Dave
  • #1,429
  • Aug 17, 2006 8:05pm Aug 17, 2006 8:05pm
Quoting xxDavidxSxx
I exited yesterday with a modest 10 pips on the 8 ema cross on hourly.

today same type of trade.

I am short euro 1.2875 s/l 1.2895

current price 1.2860/70

I will exit when Ma signals to.

Dave


A good mid term position would be short now and s/l 1.2925 target 1.2550

This current rally looks to be the wave 5 of wave c CORRECTION. So now we should see 5 waves down. If I am wrong about the count we should at least see 3 waves down. so either way the next move should be down.
Keep in mind that this wave 5 could extend to but not past 1.2910 for my bearish out look to remain in tact.

Dave
nice prediction before fall!
fxtrada.com
  • #1,430
  • Aug 18, 2006 6:11am Aug 18, 2006 6:11am
Quoting xxDavidxSxx
new pivot is 1.2842. My cci signal pulled back just above the 0 line. ewo is in sell signal.

The price could rise to 1.2842 befor falling. The ewo moving back to buy side and cci not crossing under is the exit signal.


Dave
Over night we got our rally back to 1.2842/45. now price is back dow to 1.2820/27. CCI crossed 0 line and is at -50. ewo is in sell mode and were below the pivot.

all signals and MA's on 1 hr chart are pointing down. We should see a drop below 1.2800 today. A Break below 1.2820 and then 1.2810 will be confirmation of this expected move. First a small rally back to 1.2830/35.

Dave
  • #1,431
  • Aug 18, 2006 6:28am Aug 18, 2006 6:28am
Quoting xxDavidxSxx
Over night we got our rally back to 1.2842/45. now price is back dow to 1.2820/27. CCI crossed 0 line and is at -50. ewo is in sell mode and were below the pivot.

all signals and MA's on 1 hr chart are pointing down. We should see a drop below 1.2800 today. A Break below 1.2820 and then 1.2810 will be confirmation of this expected move. First a small rally back to 1.2830/35.

Dave
Price now broke the low around 1.2810/12. CCI is at -70 and ewo is is sell mode looking to form another wave.

A more agressive trade as opposed to the mid term one I posted on the origonal signal would be to short 1.2810/12 and s/l 1.2850

I added position at 1.2820 with s/l 1.2850. But will pull it way befor that if looks to reverse.

Heres chart. On these charts my entry is the green dashed line and s/l is the red dashed line. Now that the charts are clear you can see my actual entry and s/l. For those who might not be sure if I take these trades I post.

Dave

just noticed there are green dashed lines on the resistance levels of the pivot indacater. My entry is the one with out the price highlited in green next to it.And has the word sell on the left of it. I will change the resistance lines to another color next time.
Attached Image
  • #1,432
  • Aug 18, 2006 6:44am Aug 18, 2006 6:44am
I just noticed this. Never really cared about te intrest on roll over but On the modest 10 pip profits posted befor Selling euro and holding through roll over, I got 2.16 pips back basicly covering the spread +.16 of a pip. could be good way to scalp right at the rollover. Mabe if you can get a position 30 sec befor roll over and pull it right after, the price probly won't move in that 45 sec or less. Covering the spread and making it ez to grab a scalp with stacked lots and super tight s/l. But its just one a day kinda for fun.

Dave
  • #1,433
  • Aug 18, 2006 7:04am Aug 18, 2006 7:04am
Quoting xxDavidxSxx
Price now broke the low around 1.2810/12. CCI is at -70 and ewo is is sell mode looking to form another wave.

A more agressive trade as opposed to the mid term one I posted on the origonal signal would be to short 1.2810/12 and s/l 1.2850

I added position at 1.2820 with s/l 1.2850. But will pull it way befor that if looks to reverse.

Heres chart. On these charts my entry is the green dashed line and s/l is the red dashed line. Now that the charts are clear you can see my actual entry and s/l. For those who might not be sure if I take these trades I post.

Dave

just noticed there are green dashed lines on the resistance levels of the pivot indacater. My entry is the one with out the price highlited in green next to it.And has the word sell on the left of it. I will change the resistance lines to another color next time.

Price trading at 1.2800 low of 1.2791

I have to keep in ming there is a bullish wave count also. If the price is in a correction to this bull count then it won't break the 1.2695 low. It has reached 50% of the way there.
Thats main reason I don't really target any more. There is always an alternate wave count.

Dave
  • #1,434
  • Aug 18, 2006 10:32am Aug 18, 2006 10:32am
exit all shorts on euro 1.2807

+67 pips from yesterdays short from 1.2875.

+13 pips from todays 1.2820

I felt good about the trade and went to sleep. Price rallied back near s/l and back down to 1.2895 and is looking to rise.

Dave
  • #1,435
  • Aug 18, 2006 1:00pm Aug 18, 2006 1:00pm
Quoting xxDavidxSxx
exit all shorts on euro 1.2807

+67 pips from yesterdays short from 1.2875.

+13 pips from todays 1.2820

I felt good about the trade and went to sleep. Price rallied back near s/l and back down to 1.2895 and is looking to rise.

Dave
price has had problems maintaining a break below 1.2800. One more reason I don't predetermine a target. As the signals were correct indacating a break below 1.2800 it met with strong support that pushed the price up 50 pips or more. Bears selling on that rally were met with more support at 1.2800.

My bearish view remains in tact. I expect the price to reach 1.2565 range by months end. or beginning of next month.Last month was a doji top and price should pull back to the 8 month ema.
I'll just keep waching signals and selling near 1.2900.

Have a great weekend all

dave
  • #1,436
  • Edited 9:41pm Aug 18, 2006 2:17pm | Edited 9:41pm
Quote
=xxDavidxSxx

I felt good about the trade and went to sleep. Price rallied back near s/l and back down to 1.2895 and is looking to rise.

Dave

Just to follow up on this post. We got our rise on profit taking, and price is currently 1.2830.

ewo,cci pointing back toward the 0 lines. Ewo has formed 2 humps indacating this down move was probly a correction and not a motive wave or impulse. But the ewo/cci needs to signal up befor I'll agree with that.
The rally back to the pivot this morning looked like it could have been wave 2 of 3 in this last section of the waves down.

Mabe sunday will show us a direction. I wouldn't take a long untill a sustained break above 1.2850 happens to wipe out the possibility of the down move continueing. Unless i get signals. Just not based on support.

Dave
  • #1,437
  • Aug 18, 2006 4:19pm Aug 18, 2006 4:19pm
Quoting xxDavidxSxx
I just noticed this. Never really cared about te intrest on roll over but On the modest 10 pip profits posted befor Selling euro and holding through roll over, I got 2.16 pips back basicly covering the spread +.16 of a pip. could be good way to scalp right at the rollover. Mabe if you can get a position 30 sec befor roll over and pull it right after, the price probly won't move in that 45 sec or less. Covering the spread and making it ez to grab a scalp with stacked lots and super tight s/l. But its just one a day kinda for fun.

Dave
about that...
the way that the interest thingie works (or swap as my broker calls it) is that it is actually the swap for 2 days ahead, i.e. tuesday being thursdays and monday being wednesdays and so forth. if u decide to pull that stunt on a wednesday, and you nail it, you get triple the regular swap amount, since wednesday counts for friday, saturday, and sunday.

http://www.interbankfx.com/swap_rates.php
  • #1,438
  • Aug 18, 2006 6:24pm Aug 18, 2006 6:24pm
Quoting rip1999eternal
about that...
the way that the interest thingie works (or swap as my broker calls it) is that it is actually the swap for 2 days ahead, i.e. tuesday being thursdays and monday being wednesdays and so forth. if u decide to pull that stunt on a wednesday, and you nail it, you get triple the regular swap amount, since wednesday counts for friday, saturday, and sunday.

http://www.interbankfx.com/swap_rates.php
Thanks, I'll give that a try next wed.

Dave
  • #1,439
  • Aug 19, 2006 12:43am Aug 19, 2006 12:43am
Hi dave,

I quickly ran through the journal.OMG it is too long.I started from first post when you mentioned of some guy ...dailyfx etc and almost ran through them.
I really regret not to have been reader of you journal previously.Actually your user name contains too much xxx which may be did not appeal me.Lol
I really never read your journal or Albas journal prior to this week.
Now as I have gone through it, I can say that you have been consistant in keeping your journal.Bravo.
Your charts I liked very much bcoz I am very much sensitive to visual knowledge.
kolachi
  • #1,440
  • Aug 20, 2006 9:08pm Aug 20, 2006 9:08pm
Quoting kolachi
Hi dave,

I quickly ran through the journal.OMG it is too long.I started from first post when you mentioned of some guy ...dailyfx etc and almost ran through them.
I really regret not to have been reader of you journal previously.Actually your user name contains too much xxx which may be did not appeal me.Lol
I really never read your journal or Albas journal prior to this week.
Now as I have gone through it, I can say that you have been consistant in keeping your journal.Bravo.
Your charts I liked very much bcoz I am very much sensitive to visual knowledge.
kolachi
lol judging me by x,s you,ve missed out on alot. but its all still in here. the good bad and ugly.

glad you could join me in my quest for fortune.

dave
1 trader viewing now