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My trades by Dave

  • #1,521
  • Sep 3, 2006 7:00pm Sep 3, 2006 7:00pm
Man I wish I had consulted the wave chart when the price was moving on fridays news. I would have seen exactly why it reversed.

The short term news was $ bull but as the recovery indacates that the mid to long term is dollar bear.

As we can see in the daily chart and wave count the price is sticking to my analysis. The dip on friday looks like it was wave 2 of 3 and the current move up is wave 3 of 3. If so we should see a break of this mind bending range soon.

Wave 3 has to unfold in 5 waves. So were in wave 1 of 3 of 3. It is wave 3 of 3 of 3 that should take off and send us to the 1.3000 level and beyond.

I will wait for a correction of the current rally and then look for an entry.

Dave
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  • #1,522
  • Sep 4, 2006 12:30am Sep 4, 2006 12:30am
I am going to try an experiment. potentially sacrificing 30 pips.

since euro$ is trending up with steady momentom It won't give me a signal for a long. And I could miss out on a nice move to the top trend line.

If I get stopped out it should give a sell signal on a 30 pip down move or close to it. Or give me an oppertunity to buy on a dip to the pivot range.

long entry just 1 lot 1.2860

s/l 1.2830

target 1.3000

I usually trade multiple lots so 1 lot on a mini is just a small loss on a stop out.

if 1 hr candle closes below 21 sma and next candle breaks low of previous I'll go ahead and pt.

Dave
  • #1,523
  • Sep 4, 2006 12:55am Sep 4, 2006 12:55am
Quoting xxDavidxSxx
I am going to try an experiment. potentially sacrificing 30 pips.

since euro$ is trending up with steady momentom It won't give me a signal for a long. And I could miss out on a nice move to the top trend line.

If I get stopped out it should give a sell signal on a 30 pip down move or close to it. Or give me an oppertunity to buy on a dip to the pivot range.

long entry just 1 lot 1.2860

s/l 1.2830

target 1.3000

I usually trade multiple lots so 1 lot on a mini is just a small loss on a stop out.

if 1 hr candle closes below 21 sma and next candle breaks low of previous I'll go ahead and pt.

Dave
funny how that works...I take a position durring a move, get it posted, and and suddenly it starts to pull back. But its still above the 8 ema and only 2-3 pips below entry.

personaly I want a dip to the 1.2814 pivot for nice long entry.

Dave
  • #1,524
  • Sep 4, 2006 2:29am Sep 4, 2006 2:29am
Quoting xxDavidxSxx
I am going to try an experiment. potentially sacrificing 30 pips.

since euro$ is trending up with steady momentom It won't give me a signal for a long. And I could miss out on a nice move to the top trend line.

If I get stopped out it should give a sell signal on a 30 pip down move or close to it. Or give me an oppertunity to buy on a dip to the pivot range.

long entry just 1 lot 1.2860

s/l 1.2830

target 1.3000

I usually trade multiple lots so 1 lot on a mini is just a small loss on a stop out.

if 1 hr candle closes below 21 sma and next candle breaks low of previous I'll go ahead and pt.

Dave
reverse trade to short 1.2852
-8 pips

s/l 1.2865

looking at the cliff hanger set up with bolli bands. middle band is target at 1.2835. cci crossed below 100 line too

Dave

if hourly closes above 8 ema then consider exit. Then price couldn't maintain the 8 ema break and could go up or consilidate here.
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  • #1,525
  • Sep 4, 2006 2:35am Sep 4, 2006 2:35am
here is the regular cliff hanger set up.
I look for the pinching of the price between the 5/8(red-blue) and the 13(green)
usually when the 1 hr candle appears in this pinch it drops to the 21 sma(biddle bolli).

I guess I could change the name to "the pinch"

any opinions?

Dave
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  • #1,526
  • Sep 4, 2006 2:51am Sep 4, 2006 2:51am
usd/cad....buy when hour closes above 1.1062, or now.

ewo in buy signal and cci will cross if price sustains a 55hr ema break.

long 1.1062 s/l 1.1047

Dave
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  • #1,527
  • Sep 4, 2006 4:39am Sep 4, 2006 4:39am
Quoting xxDavidxSxx
reverse trade to short 1.2852
-8 pips

s/l 1.2865

looking at the cliff hanger set up with bolli bands. middle band is target at 1.2835. cci crossed below 100 line too

Dave

if hourly closes above 8 ema then consider exit. Then price couldn't maintain the 8 ema break and could go up or consilidate here.
trade hit middle bolli at 1.2839. I got it out at 40

+12 pips.

Looks as if it could be bouncing hourly close above 8 ema is the signal and rise the next hour over the previous is the trigger.

Dave
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  • #1,528
  • Sep 4, 2006 5:20am Sep 4, 2006 5:20am
long 1.2862

s/l 1.2847

Price closed above 8 ema. the next candle made new high. Waching for break above 1.2869 for confirmation on weather to hold trade or take the scalp.

Dave

edit: and cci broke back above 100 line.
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  • #1,529
  • Sep 4, 2006 10:06pm Sep 4, 2006 10:06pm
Quoting xxDavidxSxx
long 1.2862

s/l 1.2847

Price closed above 8 ema. the next candle made new high. Waching for break above 1.2869 for confirmation on weather to hold trade or take the scalp.

Dave

edit: and cci broke back above 100 line.
stop hit -15 pips


cci and ewo crossed

entry short 1.2846 s/l 1.2885

Dave
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  • #1,530
  • Sep 4, 2006 10:45pm Sep 4, 2006 10:45pm
I am looking into using wolf wave indacater for some trade setups. Never used it for entry so these are demo.

http://www.forexfactory.com/forexfor...2&page=1&pp=15

that is the link to where I got them in this forum. They know more than I do about it. I am using wolf and wolf-x101 together

Dave

long euro/jpy 148.79 s/l 14860 target is the top black line at around 149.15 but that can change depends what the price is when it hits it.
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  • #1,531
  • Sep 5, 2006 1:08am Sep 5, 2006 1:08am
here is an entry taken on wolf wave for aud/usd

short .7705

s/l .7725

target near .7645 range but could goto .7580/90 so at .7645 s/l is moved.

Dave
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  • #1,532
  • Edited 2:00am Sep 5, 2006 1:16am | Edited 2:00am
the euro/jpy trade still pushing wave 5 lil lower but not going past red line yet

since I am testing this method on demo, I removed s/l while I wach. It was missed by 1 pip earlier.

Dave
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  • #1,533
  • Sep 5, 2006 1:44am Sep 5, 2006 1:44am
Rules for Bullish WolfeWave Structure
Please note the odd sequence in counting, as you will see, it is
necessary for the inductive analysis. By starting with a top we are
assured of beginning our count on a new wave. (The reverse would
apply for a bearish wave.)
• The 2 point is a top.
• The 3 point is the bottom of the first decline.
• The 1 point is the bottom prior to point 2 (top), that 3 has
surpassed.
• The 4 point is the top of the rally after point 3.
• The 5 point is the bottom after point 4 and is likely to exceed the
extended trend line of 1 to 3. This is the entry point for a ride to
the EPA line (1 to 4).
• Estimated Price at Arrival (EPA) is trend line of 1 to 4 at apex of
extended trend line of 1 to 3 and extended trend line of 2 to 4.
• Estimated Time of Arrival (ETA) is apex of extended trend line of
1 to 3 and 2 to 4.



Dave
  • #1,534
  • Sep 5, 2006 2:27am Sep 5, 2006 2:27am
euro/jpy pulled it at 148.45

-34 pips

Dave

Quoting xxDavidxSxx

long euro/jpy 148.79 s/l 14860 target is the top black line at around 149.15 but that can change depends what the price is when it hits it.
  • #1,535
  • Sep 5, 2006 2:33am Sep 5, 2006 2:33am
sry didn't post when taken. It took off soon as I entered.
This is the 3rd wolf trade.

usd/cad

longed at 1.1075
4hr chart
Dave
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  • #1,536
  • Sep 5, 2006 4:18am Sep 5, 2006 4:18am
another wofl wave setup on gbp$

long at 1.18988

dave
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  • #1,537
  • Sep 5, 2006 4:41am Sep 5, 2006 4:41am
Quoting xxDavidxSxx
another wofl wave setup on gbp$

long at 1.18988

dave
target epa @ 1.9040
  • #1,538
  • Sep 5, 2006 4:43am Sep 5, 2006 4:43am
Quoting xxDavidxSxx
sry didn't post when taken. It took off soon as I entered.
This is the 3rd wolf trade.

usd/cad

longed at 1.1075
4hr chart
Dave
target epa @ 1.1160
  • #1,539
  • Sep 5, 2006 6:29am Sep 5, 2006 6:29am
gbp/jpy wolf trade.

Long 219.91

target epa @ 220.35

Dave
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  • #1,540
  • Sep 5, 2006 7:06am Sep 5, 2006 7:06am
i just noticed this, or maybe its just me, but this wolf wave sequence kind of resembles the classic "head and shoulders" formation formed at peaks of trends.
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