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My trades by Dave

  • #1,441
  • Aug 20, 2006 9:18pm Aug 20, 2006 9:18pm
i apoligise i didn,t get my entry posted here befor the move.

I am on remote from my phone. I am long euro 1.2835 s/l 1.2815 on the cci/ewo cross up.

I have a chart with the entrys shown.

I will pull out on any sign of reversal on ma,s. But this could go far if 1.2910 is broken. So far the price is trying to push past 1.2880.

Dave
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  • #1,442
  • Aug 20, 2006 11:59pm Aug 20, 2006 11:59pm
exit 1.2877

+42 pips

i will take that. resistance here is tough lets just wait and see what happens

dave
  • #1,443
  • Aug 21, 2006 12:20am Aug 21, 2006 12:20am
Quoting xxDavidxSxx
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
Yeah I agree Dave I missed a senior traders posts so long.I do not know why I was so lost.
Todays +42 pips is good work and timely decision.
BTW I am a good palmist too.Send me print and I will tell you when u r gonna millionaire.LOL
  • #1,444
  • Aug 21, 2006 12:29pm Aug 21, 2006 12:29pm
Quoting kolachi
Yeah I agree Dave I missed a senior traders posts so long.I do not know why I was so lost.
Todays +42 pips is good work and timely decision.
BTW I am a good palmist too.Send me print and I will tell you when u r gonna millionaire.LOL
Its ok I kind of wish I hadn't made that my user name. Because of the x's. But I am too known by it now to change it.

The palm thing sounds interesting. What do I do just scan my hand? And wich hand? both?

Dave
  • #1,445
  • Aug 21, 2006 12:53pm Aug 21, 2006 12:53pm
Price pushed higher today and I am just waching as momentom seems to be dropping.

There is more resistance at 1.2980 from the last top to conquer to open the door to new hights.

My exit last night was based on the 5 min chart. The 5 min ma's crossed below 34 ma. and later the 55 ma.

This move up is a great example how on the 1 hr chart the price will not close below 8 ema when trending strongly. Now price at 1.2800/05 the price is about to give an hourly close below 8 ema(1.2806). Getting ready for a possible correction to the entire move up from last night. The cliffhanger set up should be getting ready to form. But need to wait for the 8 ema to touch the 13 ema. That will be the cliff. And the 21 ma will be the 1st target. If those 3 ema's come together all at once to form the cliff the 55 ema will be the target. 9 waves is a full sequence and we have that now.

Here is the chart.

Dave
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  • #1,446
  • Aug 21, 2006 5:29pm Aug 21, 2006 5:29pm
Here is cliff hanger taken from short entry 1.2894 s/l 1.2915

The price is showing alot of down force as I speak it is going from 1.2871 to 1.2862.

pivot was crossed at 1.2886
ewo is aimed sharply at 0 line and cci is at 38.

looks as if I could get another signal short soon for a nicer trade.


also I mentioned that we had 9 waves up in the last sequence. This wave down is looking like a wave 1 impulse to the start of an over all down trend.

Dave
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  • #1,447
  • Aug 21, 2006 5:32pm Aug 21, 2006 5:32pm
Here is a current chart.
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  • #1,448
  • Aug 21, 2006 8:55pm Aug 21, 2006 8:55pm
the price is holding steady on top of the 55 ema. ewo is showing a sell signal but barely. cci is falling tward the 0 line.

holding short @ 1.2865 range.

looks like a sideways correction to the down move. but still could become a deeper correction.

dave
  • #1,449
  • Edited 11:24pm Aug 21, 2006 11:03pm | Edited 11:24pm
Quoting xxDavidxSxx
Its ok I kind of wish I hadn't made that my user name. Because of the x's. But I am too known by it now to change it.

The palm thing sounds interesting. What do I do just scan my hand? And wich hand? both?

Dave
Yes If you can send me both then it is good otherwise right hand will be fine.Plz send me on my email.I hope you know it.I cant write here my email otherwise Magic Wizard will cut me to my size.(LOL)

Kolachi
  • #1,450
  • Aug 22, 2006 10:11am Aug 22, 2006 10:11am
Quoting xxDavidxSxx
Here is cliff hanger taken from short entry 1.2894 s/l 1.2915

The price is showing alot of down force as I speak it is going from 1.2871 to 1.2862.

pivot was crossed at 1.2886
ewo is aimed sharply at 0 line and cci is at 38.

looks as if I could get another signal short soon for a nicer trade.


also I mentioned that we had 9 waves up in the last sequence. This wave down is looking like a wave 1 impulse to the start of an over all down trend.

Dave

Pull trade 1.2813 current price.

+81 pips

price could go lower or bounce back up. but this looks like a good exit point

Dave
  • #1,451
  • Aug 22, 2006 6:00pm Aug 22, 2006 6:00pm
Price didn't go much further than my exit. and is bouncing on profit taking.

The price has done a 100% retrace of the last move up. Leaving the door open for new highs as this could have been a wave 2 retrace with 3 distinct waves down.

I am awaiting the 8 ema and 13 ema to cross back up for a long signal. Same kind of early signal I took yesterday to get a jump on the ewo cross.

Here is a chart on the 2 waves and 100% retrace.

Dave

but this current bounce could be a wave 4 so caution is advised on longs. The 2nd wave was a sideways correction so this one (if it is wave 4) should be a deep retrace.
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  • #1,452
  • Aug 22, 2006 6:07pm Aug 22, 2006 6:07pm
Also 1.2811 is the weekly pivot. Price is moving back above there as I type. Meaning price couldn't sustain the break below.

Dave
  • #1,453
  • Aug 22, 2006 8:49pm Aug 22, 2006 8:49pm
Quoting xxDavidxSxx
Also 1.2811 is the weekly pivot. Price is moving back above there as I type. Meaning price couldn't sustain the break below.

Dave
actually the opposite happened on the weekly pivot. It didn't sustain the break back above.

4 hr cci and ewo is in sell mode and 1 hr cci and ewo is in strong sell mode.

Looking for a possible entry. A break below the last major waves start point will take pressure off the bull side. And could mean an over all trend bearish.

Dave
  • #1,454
  • Aug 22, 2006 11:28pm Aug 22, 2006 11:28pm
Quoting xxDavidxSxx
actually the opposite happened on the weekly pivot. It didn't sustain the break back above.

4 hr cci and ewo is in sell mode and 1 hr cci and ewo is in strong sell mode.

Looking for a possible entry. A break below the last major waves start point will take pressure off the bull side. And could mean an over all trend bearish.

Dave
No trade here yet. 4hr chart signaled down but 1 hr chart is looking like a bottom forming. Or could be just a correction befor going down further making a wave 5.

Here is chart

Dave
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  • #1,455
  • Aug 23, 2006 2:19am Aug 23, 2006 2:19am
This is not for beginners and I strongly advise against it unless you really know what your doing. Based on the significant support at 1.2780/85 I went long @ 1.2790 s/l was 1.2778.
I was pickin a bottom. Thats why I didn't post the entry as I took it. There was no signal on any chart and 4 hr chart is signaling down.

as price moved above 1.2806 (8ema) I trailed s/l to B/E @ 1.2792.

If this move continues up it could give rise to a long signal on ewo and cci.

That was a real nail biter for about 2 hrs. But with 400+ pips recent winnings it was ok if it got stopped. I havn't been paying attention to my winnings untill today. And thats the best way to do it. Forget the pips and dollars. Just take each trade as it comes and block out winnings or losses. you'll blink one day and be amazed at what you've accomplished.

heres chart with entry.

Dave
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  • #1,456
  • Aug 23, 2006 2:27am Aug 23, 2006 2:27am
Quoting xxDavidxSxx
This is not for beginners and I strongly advise against it unless you really know what your doing. Based on the significant support at 1.2780/85 I went long @ 1.2790 s/l was 1.2778.
I was pickin a bottom. Thats why I didn't post the entry as I took it. There was no signal on any chart and 4 hr chart is signaling down.

as price moved above 1.2806 (8ema) I trailed s/l to B/E @ 1.2792.

If this move continues up it could give rise to a long signal on ewo and cci.

That was a real nail biter for about 2 hrs. But with 400+ pips recent winnings it was ok if it got stopped. I havn't been paying attention to my winnings untill today. And thats the best way to do it. Forget the pips and dollars. Just take each trade as it comes and block out winnings or losses. you'll blink one day and be amazed at what you've accomplished.

heres chart with entry.

Dave
+26 pips

1.2816 exit...price on 4 hr chart has met with 55 ema. should find some resistance here. 4 hr CCI is at -2 so it could fail to break this level with a 0 line bounce. 4 hr ewo is in sell mode and 1 hr cci/ewo still in sell mode.

I will wait to see if it gives a buy signal befor I get back in.

Heres chart on exit

Dave

edit: also the daily pivot is ahead at 1.2828 price kept going to hit it as I typed.
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  • #1,457
  • Aug 23, 2006 2:53am Aug 23, 2006 2:53am
Here is how I determined the bottom, in addition to support.

In the first green box is 5 waves down in the last leg of trend wave.
The first red box in the start of the correction is 5 waves up (A) wave
The purple box is 3 waves down(B) wave. Therefore there should be a 5 waves up that follows (C). {535}method in e-wave theory of a correction. If indeed it is a correction and not a wave 1 impulse to a new wave of one larger degree. The ewo/cci signal will reveal this if it signals up or not.

also I mentioned a few posts befor that wave 2 on the down move from london session yesterday was a sideways correction therfore a wave 4 correction will be a deep one. Thats almost always the case. This time the waves were very clear and screaming "trade me trade me"

Dave
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  • #1,458
  • Aug 23, 2006 9:28am Aug 23, 2006 9:28am
No trade yet. pivot was crossed and ewo signalsd long nut when CCI met with "0" line it pulled back really fast back below the pivot.

heres chart

Dave
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  • #1,459
  • Aug 23, 2006 10:42am Aug 23, 2006 10:42am
The bottom was breached on this fast pull back. But I am not a break out trader. After poking through the 1.2780 bottom it bounced. So was this a valad break? Not yet.

Dave
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  • #1,460
  • Aug 23, 2006 11:34am Aug 23, 2006 11:34am
I have been checking out this custom indacater that was given to me a few weeks ago to see how reliable it is. It Identifies waves 1 and 2. Gives a pivot and overall direction. So far it seems pertty good. When you see it identify wave 2 it seems to be right most of the time.

Here is a chart with it. It has identified a wave 1 and 2 in a bearish direction.

Dave
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