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My trades by Dave

  • #1,561
  • Sep 6, 2006 1:32pm Sep 6, 2006 1:32pm
CAD/JPY WW triggered

shorted @ 105.59

s/l 105.78

Dave
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  • #1,562
  • Sep 6, 2006 1:36pm Sep 6, 2006 1:36pm
Usd/Jpy triggered

shorted @ 116.74

s/l 116.97

target eta @ 116.30

Dave
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  • #1,563
  • Sep 6, 2006 2:31pm Sep 6, 2006 2:31pm
I would like to explain, or point something out. Many of you probly notice I never post how many lots I enter into a trade. And never subtract the pip spread on my totals. There is a reason for this. Posting a trade that starts at point "a"entry. And having it travel to "b" exit is all I am doing. If the distance from a to b is 20 pips than that is the trade. 20 pips. I could tell you I traded 10 lots and call it 200 pips. But the fact is I only predicted or won a 20 pip move. I belive those who want you to know about there win by how many lots they entered are just trying to brag about how much money there making. It is very tempting to do too. Some systems require multi lots to exit partialy durring the trade. Thats fine. But Its the actual move the market makes that we should all be concerned with.

be humble. there is more reward and respect in being humble than there is for bragging.

Dave
  • #1,564
  • Sep 6, 2006 3:20pm Sep 6, 2006 3:20pm
hey dave,

i've been reading your journal for a while. its great. i'm not usually trading in eur/usd (it didn't work for me) but still i like to read about your trades.

anyway, you've caught my interest with wolfe waves. do you think this is another one? it looks like bearish gartley.

i'll be observing this with interest
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  • #1,565
  • Sep 6, 2006 3:38pm Sep 6, 2006 3:38pm
Quoting xxDavidxSxx
be humble. there is more reward and respect in being humble than there is for bragging.

Dave
Too true, too true! I executed a trade on a news event and posted my pips and lot size, then I was tempted to start a journal to explain my trades and where I started ($'s) and where I'm heading.

I changed my mind . . . I discovered the reason why I'm trading is not for any sort of recognition - I've found a greater purpose in my trading. The other aspect of it is that you place unecessary pressure on yourself when you don't exactly meet your daily target.

So, now I trade (with success) and reward will be pleasant - not only to me.
a journey of a thousand trades begins with a single pip
  • #1,566
  • Sep 6, 2006 5:04pm Sep 6, 2006 5:04pm
Quoting cnet1337
hey dave,

i've been reading your journal for a while. its great. i'm not usually trading in eur/usd (it didn't work for me) but still i like to read about your trades.

anyway, you've caught my interest with wolfe waves. do you think this is another one? it looks like bearish gartley.

i'll be observing this with interest
Hmm...I have 2 ww indacaters I am using together with each other. Neither one is picking that patturn on the daily chart for euro/gbp. But it looks like it could be something.

Dave

edit...its definatly a sideways correction to the down trend but could extend higher on a wave C
  • #1,567
  • Sep 6, 2006 5:16pm Sep 6, 2006 5:16pm
Aud/USd triggered

long .7665


s/l .7640

target eta @ .7700

dave
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  • #1,568
  • Sep 6, 2006 5:39pm Sep 6, 2006 5:39pm
I am going to start looking at gbp/jpy for ewocci trades.

It has a 5 day ATR consistantly over 100 pips. sometimes 200-300. And looks like it has some nice sweeping moves.

Looks to be nearing a buy signal soon.

Dave
  • #1,569
  • Sep 6, 2006 6:21pm Sep 6, 2006 6:21pm
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
Analysis made on the 9th of last month.

2 more up and 2 more down has formed a wedgs(triangle)

e is usually the last wave and D should break out.

dave
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  • #1,570
  • Sep 6, 2006 6:37pm Sep 6, 2006 6:37pm
Hi dave

Eur about to have a signal from your system, is that right, long?
Cci about to cross, AO pretty much crossed, 8 ema about to cross high ma's.

Am I getting it down at all?

thanks
  • #1,571
  • Sep 6, 2006 6:40pm Sep 6, 2006 6:40pm
Quoting stricko108
Hi dave

Eur about to have a signal from your system, is that right, long?
Cci about to cross, AO pretty much crossed, 8 ema about to cross high ma's.

Am I getting it down at all?

thanks
you got it, euro is about to signal long as soon as CCI crosses 0.

I need sleep but am waiting for signal.

Dave
  • #1,572
  • Sep 6, 2006 7:52pm Sep 6, 2006 7:52pm
Long euro 1.2823

s/l 1.2775

dave
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  • #1,573
  • Sep 7, 2006 6:40am Sep 7, 2006 6:40am
Quoting xxDavidxSxx
Long euro 1.2823

s/l 1.2775

dave
s/l hit -48 pips

All those ww trades stopped out too but not gonna total them up cause they were experimental.

So far wolf wave has been a bust.

Dave
  • #1,574
  • Sep 7, 2006 7:09am Sep 7, 2006 7:09am
Quoting xxDavidxSxx
s/l hit -48 pips

All those ww trades stopped out too but not gonna total them up cause they were experimental.

So far wolf wave has been a bust.

Dave

when I set the euro trade I left for the night. Normally I would have reversed the order when ewo and cci crossed back to the down side.
Some one is working on me an EA for ewocci system and it would reverse on its own. The s/l should never get hit because it resignals the other direction befor this happens. Wouldn't you know this little night out I had was more expensive that I had antisipated.

Dave
  • #1,575
  • Sep 7, 2006 7:20am Sep 7, 2006 7:20am
I expect the price to rise back to the range because according to elliott wave wave E tends to over extend. And that is supposed to be the signal that the price will break out on its next trip to the top.

Dave

Edit: here is a paragraph from e-wave lessons....
Triangles appear to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. Triangles contain five overlapping waves that subdivide 3-3-3-3-3 and are labeled a-b-c-d-e. A triangle is delineated by connecting the termination points of waves a and c, and b and d. Wave e can undershoot or overshoot the a-c line, and in fact, our experience tells us that it happens more often than not.
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  • #1,576
  • Sep 7, 2006 8:12pm Sep 7, 2006 8:12pm
aud/nzd

long taken

not gonna post any more wolf wave trades in time for any one to take them untill I get a system down good.

Dave
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  • #1,577
  • Sep 7, 2006 8:32pm Sep 7, 2006 8:32pm
hi dave,

i'm in the middle of wolfe wave trade on usd/jpy; the setup seems to be perfect (symmetry, timing) so i hope for the best;
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  • #1,578
  • Sep 7, 2006 10:47pm Sep 7, 2006 10:47pm
aud/nzd was completed for 96 pips. Bout time. Had an aud/cad WW trade complete too for 36 pips.

Dave
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  • #1,579
  • Sep 7, 2006 10:50pm Sep 7, 2006 10:50pm
Quoting cnet1337
hi dave,

i'm in the middle of wolfe wave trade on usd/jpy; the setup seems to be perfect (symmetry, timing) so i hope for the best;
nice jpb looks like it went in your favor if you went short right?
  • #1,580
  • Sep 8, 2006 12:20am Sep 8, 2006 12:20am
short usd/chf @ 1.2432....s/l 1.2450
one one hr chart.
cci broke below 100 but waching carefully.

Dave
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