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My trades by Dave

  • #1,581
  • Sep 8, 2006 12:20am Sep 8, 2006 12:20am
yes, i went short. just woke up and reversed the trade as it follows gartley pattern on 2h. when i saw the wolfe wave i tought it must be for wave C; now as its about to take off for D and i believe it will take off when london starts.

anyway, great thanks for catching my interest in this patterns!
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  • #1,582
  • Sep 8, 2006 2:00am Sep 8, 2006 2:00am
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;
that one played out exactly.

Did you find that with just eyeballing, or wolf indacater?
  • #1,583
  • Sep 8, 2006 1:47pm Sep 8, 2006 1:47pm
Quoting xxDavidxSxx
that one played out exactly.

Did you find that with just eyeballing, or wolf indacater?
It was just eyeballing. I was just checking whats going on and happen to see the wolfe wave on 5min chart. And as it was perfect with the gartley pattern on 2h (which I'm trading now) I decided to go for it.

There was another wolfe wave following (a bit smaller one, screenshot bellow) that I've used to get long entry to the upward movement. Again it was very nice wave pattern egzactly 8 candles for 1-2-3 and 3-4-5.

So I'm long now as I believe it will get to 117.20 (as i write theres a bullish wolfe wave 5 forming on 5 min chart, small one tough, but hopefully it will set off to 117.20).

Once again I need to say that I'm greatfull that you've caught my interest in these patterns! I'm new to forex and reading your journal was extemely valuable experience!

Thanks Dave
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  • #1,584
  • Sep 8, 2006 5:39pm Sep 8, 2006 5:39pm
Quoting cnet1337
It was just eyeballing. I was just checking whats going on and happen to see the wolfe wave on 5min chart. And as it was perfect with the gartley pattern on 2h (which I'm trading now) I decided to go for it.

There was another wolfe wave following (a bit smaller one, screenshot bellow) that I've used to get long entry to the upward movement. Again it was very nice wave pattern egzactly 8 candles for 1-2-3 and 3-4-5.

So I'm long now as I believe it will get to 117.20 (as i write theres a bullish wolfe wave 5 forming on 5 min chart, small one tough, but hopefully it will set off to 117.20).

Once again I need to say that I'm greatfull that you've caught my interest in these patterns! I'm new to forex and reading your journal was extemely valuable experience!

Thanks Dave
Thats great you can spot them so ez. I am using the indacaters and flippin through all the currancys 5,15,30 min and 1 hr time frames untill I see one.

Trying to learn what degrees of different valad formations can occure, by taking them all. On demo ofcorse. That way I don't forget wich pair and time I saw it in to monitor it.

We need a wolf wave program that scans all the currancys on its own. But it would cost 3-5k to purchase one if it was made.

also by finding wich formations are not valad the opposite position can be placed in the market.

Or mabe I can come up with a method of hedging. And take all formations, hedged and won't matter wich way it goes. Because the ones that lost almost never went into my favor and the losers that did venture into positive numbers didn't go far. No more than 20 befor going against me.

I am looking to wolf wave to give an entry point weather its with the formation or against it. Its seems that when a formation is identified it is always telling us something.----------------------------------------------------------------------

the bottom dropped out of the wedge today. Further than I would have thought. But don't get too excited about shorting. Many of the big players might just see this as a great oppertunity to buy on a dip and gain momentom to break 1.3000.

Dave
  • #1,585
  • Sep 10, 2006 8:15pm Sep 10, 2006 8:15pm
Now experimenting with a gartly indacater as well as wolf wave.

usd/cad

short 1.4195

s/l 1.4212

targets are the blue squares below the last bar.

Dave

edit first little blue squares 1.4164 thats where I am moving s/l to BE.

second bigger blue squares are at 1.4100 thats the greater target.
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  • #1,586
  • Sep 10, 2006 10:06pm Sep 10, 2006 10:06pm
Quoting xxDavidxSxx
Now experimenting with a gartly indacater as well as wolf wave.

usd/cad

short 1.4195

s/l 1.4212

targets are the blue squares below the last bar.

Dave

edit first little blue squares 1.4164 thats where I am moving s/l to BE.

second bigger blue squares are at 1.4100 thats the greater target.
that one crapped out. -17 pips....remember just experimenting not real trade untill ewocci signal.

Now Its telling me this is a crab formation...Lets see how it plays out. I'll wait for candle sticks to give a reverse signal befor demoing a trade on it.

last trade was a bearish engulfing for the trigger.

Dave
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  • #1,587
  • Sep 11, 2006 3:58am Sep 11, 2006 3:58am
I am going with a bearish engulfing candle entry again on this crab setup.

short 1.4212

s/l 1.4237

1st target to move s/l to be is 1.4152

2nd target for TP is 1.4121

Dave

experimental only...
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  • #1,588
  • Sep 11, 2006 7:12am Sep 11, 2006 7:12am
Quoting xxDavidxSxx
I am going with a bearish engulfing candle entry again on this crab setup.

short 1.4212

s/l 1.4237

1st target to move s/l to be is 1.4152

2nd target for TP is 1.4121

Dave

experimental only...
Bearish engulfing didn't pan out. s/l was hit.

I guess I'll stop posting these experimental trades there cluttering up my thread. If or when I get it down to a descent success rate I'll let you guys in on it. Untill then I'll get back to real trades only.

Dave
  • #1,589
  • Sep 11, 2006 7:17am Sep 11, 2006 7:17am
ewo/cci looks like its setting up for a signal...ewo is in buy mode....price is above pivot...cci is at -2.

dave
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  • #1,590
  • Sep 11, 2006 7:44am Sep 11, 2006 7:44am
Nice charts Dave, but are you making money from them?
  • #1,591
  • Sep 11, 2006 9:15am Sep 11, 2006 9:15am
Quoting Badtrader
Nice charts Dave, but are you making money from them?
indeed I went to full time trading 2 months ago.



As we could see on the above chart the cci touched above 0 line breifly but the high of the candle that pushed cci above 0 line wasn't broken on the next candle. The next candle shot streight down below the 55 ema(yellow line) so I was waiting on it to rise back above 55 ema and break the high of the previous candle high. It didn't now the price is dipping below pivot again.

Ewo is angleing back down and could go to a sell signal. This is when its hard to decide to take the sell signal or sit it out.

A good indacation is to wach to see if the CCi breaks the -100 line as the ewo goes to sell mode.

Dave
  • #1,592
  • Sep 11, 2006 11:08am Sep 11, 2006 11:08am
Congrats on the move to full time. I am hoping to accomplish the same by New Years.
  • #1,593
  • Sep 11, 2006 7:26pm Sep 11, 2006 7:26pm
Quoting pdhawan
Congrats on the move to full time. I am hoping to accomplish the same by New Years.
thanks..hope you make it.
  • #1,594
  • Sep 11, 2006 7:31pm Sep 11, 2006 7:31pm
well Price did nothing much today. Probly cause of anniversery of 9/11.

price mived back above daily pivot and cci is just above 0 line all in buy mode but remains under the 55ema so its good to wait. Indacators are bullish but could go either way.
Also 8 ema is above 13 and 21 and 13 is above 21 but are all sitting right next to eachother. Still bullish. Just need them to cross 55 ema for confirmation.

Dave
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  • #1,595
  • Sep 11, 2006 11:10pm Sep 11, 2006 11:10pm
ok I think I got a good butterfly here.

Dave
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  • #1,596
  • Sep 11, 2006 11:11pm Sep 11, 2006 11:11pm
close up of entry...

CCI crossed below 100 line and candle broke low of previous.

Dave
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  • #1,597
  • Edited 3:01am Sep 12, 2006 2:41am | Edited 3:01am
euro$ long 1.2723

s/l 1.2699 edit: dropping s/l just below pivot 1.2690, dunno what I was thinking.

all singnals in buy mode and 8 ema crossed 55ema and price broke previous short 2 high candles.


Dave
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  • #1,598
  • Edited 3:04am Sep 12, 2006 2:53am | Edited 3:04am
got this butterfly too.


cci broke 100 line. target is given by indacater 1.2828 range.

dave

edit: shaded in area should be as the green I added. Dunno why indacater didn't leave it in the turning point.
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  • #1,599
  • Sep 12, 2006 5:31am Sep 12, 2006 5:31am
Very nice thread Dave. Since few days I am watching it and learning.... Could you tell me where can I get Gartley indicator??
Thanks, govinda...
  • #1,600
  • Sep 12, 2006 5:38am Sep 12, 2006 5:38am
I posted what I am using here...

http://www.forex-tsd.com/harmonic-tr...ading-125.html

DL all 3 indacaters and put in indacaters file

then add harmony_06 and zup_15.1 to the chart.

Old patterns won't show up so flip through charts untill you get an audible signal.

Dave
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