Did anyone catch that reversal? I did. Here's an update on euro$. By the way. I am not posting trades any more. I am trading but as some others have stated, posting trades becomes a job all in its own. Feeling obligated to the readers in that fasion ...

My trades by Dave

I just noticed this wolf wave on weekly too... blue #'s are the wolf waves count. red #'s are the elliott waves count

My trades by Dave

heres chart...

My trades by Dave

still looking at the same direction as the last chart I posted. Just waiting out the topping peroid. This range now is best time for long term short positions. I wish I would have waited as I still got that long term trade in from lower levels. I am ...

My trades by Dave

here is the subwave count on the 5th wave. Looks like an expanding diagnal and a possible wolf wave. In an expanding diagnal wave 5 almost always extends past the trend line waves 1 and 3 create. I would wait for a drop back below that top trend ...

My trades by Dave

Here is current wave count 12-1-06 Dave

My trades by Dave

-68 pips. I guess wave 5 wasn't finished yet. Its time for breakout traders to make up for losses and range traders like me to sit it out. I'll wait till a definate top starts to form on the daily. Dave

My trades by Dave

Also I have been looking at developing another entry method using the price trender indicater and basic trend lines. Based on this chart there is a good probility the price will target the bottom trend line. Dave

My trades by Dave

I have been waiting for a good ewocci short. At first I was waiting this one out but after the price failed to make gains today, I placed an ewocci short at 1.3157. Got in right befor change of day for good swap rate. s/l 1.3225 (above yesterdays ...

My trades by Dave

Its working out the 5th over all wave up. Once completed we should see an over all A,B,C downward correction.

My trades by Dave

Ok that was crazy. $ took a large drop over the weekend and euro$ now is well above antisipated reversal points. I might have to see it reach 1.3600 befor comming back down. The long term trade currently in short will ride it out collecting intrest ...

My trades by Dave

you should never put more in your trade account than you can afford to lose.

My trades by Dave

Ewocci got choppy there as I thought it might. Thats why no trades for a while. Just kicked back and waited for this range to be hit. this position can run 500 pips against me and I won't flinch. I know eventually the low 1.2000's will come around ...

My trades by Dave

Long term short order. 1.2960 no s/l target 1.2400 and below. No signals for this one. Entry taken on the extream high level the euro is at. ECB cann't allow euro to maintain over 1.3000 for long. It will mess up trade exports for euro. Plus, since ...

My trades by Dave

trailing s/l was hit for +10 pips

My trades by Dave

market has been to choppy for ewocci. Usually gets like that when topping out or bottoming out. I revised my count too. Seems 5 wasn't complete yet. I am short from 1.2826 s/l 1.2895 (about to move to b/e at 50 pips profit.) Target is half way7 ...

My trades by Dave

MacD will signal differently only ewo will give the right signal. I had a signal line added to my ewo. I am the only one you can get it from. I still havn't found much use for the signal line yet though. If your interested in my method pm me your ...

My trades by Dave

problem with EW is there are always more than one viable possibility. Thats why I don't trade strictly off of EW. I am wondering if a,b,c has completed and mabe we are in 1 of 3 or 3 of 3. Never can tell for sure untill its all said and done with. ...

My trades by Dave

well the diagnal triangle is playing out. This should be the top of wave D and wave E should over extend the bottom trend line. After E wave there should be a nice move up. Dave

My trades by Dave

that is the one thing I am not good at on EW. Thats why I place a letter on the chart with a ? beside it. I never know where it will end untill id gives me an ewocci signal the other direction. Like I said. If it don't go past A then its a diagnal ...

My trades by Dave