1 hr chart 1 pm est 5/34 ema's crossed down, ewo at -1, cci still above 0 at 24, price is below daily pivot above weekly pivot. waiting for cci to break or bounce. and prefer price to break below weekly pivot befor going short on a signal. consumer ...

My trades by Dave

Test of 21 sma failed and price looking to retest pivot again. Market is uncertian and the last few hourly candles are wipsawing so be carfull trying to trade while price remains in the 1.2845/1.2880 range. The range could continue or suddenly end. ...

My trades by Dave

the new hour took cci above 50. Now looking for a break above 1.2877(21sma)(or middle bolli) We should be close to a trade now. Dave

My trades by Dave

thanks, took some adjustment from asia sesion to ny session. Asia moves slower, but NY, blink and you miss it. EWO and CCI is hovering above "0" line. CCI is closer to the 50 line though. EWO is at 12. I am looking for a bounce untill the weekly ...

My trades by Dave

current weekly pivot is at 1.2845 and current daily pivot is being tested at 1.2855. Dave

My trades by Dave

LOL sup waver. Going very well. I wouldn't do that because I understand there is alway more than one count. There is no incorrect count untill the price makes its move. That is a big key to successfully doing wave analisys. We tend to lean hard to ...

WaveMaster's EUR/USD Outlook

That wedge I spoke of last week led to a breakout long as fridays news was released. No wip saw just a streight burst up. I only took 65 pips. There is major resistance at 1.2974/81 previous top 5/15/06 and 6/5/06. I would like to see a test and ...

My trades by Dave

Welcome, glad to have another wave analizer. are you the wave master from ET forum?

WaveMaster's EUR/USD Outlook

but if cci gives a sustained signal down I'll reverse order. so far losses are 6 pips. I usually miss the good signals so not sure when to enter and wich way. Usually viewing them in the past. most of them looked swift in the move when crossing. the ...

My trades by Dave

last hour cci poked below 0 line breifly. and price didn't find new lows. the cci is above 0 on the new hourly candle. I am going with the 0 line bounce probibility. The low was made durring ny session. the low was retested. And now lets see a ...

My trades by Dave

pt 1.2785 +7 pips. long 1.2785 s/l 1.2770 target 1.2823 Dave

My trades by Dave

now that ewo has crossed 0 line and cci remains above, I can get a buy signal on an ewo cross back above. this is why I shouldn't trade on anticipation of a signal. I didn't wait. Dave

My trades by Dave

rage on.... out of 4 hourly breaks below the pivot none has closed below the pivot. new lows were made. ewo crossed but cci is hanging out above the 0 line. this usually means bounce. But not untill an hourly close above 1.2811 (21sma/middle bolli). ...

My trades by Dave

naa just a correction. The ma's are crossed and widening for the short move. ewo/cci soon to cross 0 line too can only reverse once this one has to remain in unless I get a buy signal Dave

My trades by Dave

quick dip to within 1 pip of my s/l. reversing order to short. 1.2792-13 pips s/l 1.2820 target 1.2760 dave

My trades by Dave

price stayed away from s/l. holding at 1.2817 looking for retest of the highs. Dave

My trades by Dave

yes indeed. we may have been head faked. But the break below the pivot hasn't been sustained yet either. hate it when it does that zig zag so fast like that. Must have been more news or something. Holding long for bounce. If stopped out I'll reverse ...

My trades by Dave

long 1.2805 s/l 1.2780 target open Dave

My trades by Dave

todays pivot is at 1.2792. Price is testing support there now. An hourly close below there is bearish unless the following candle doesn't break the low of the first and closes back above the pivot. that would be a false break. And on the bull side ...

My trades by Dave

there is a top trend line the price is running into on the daily chart. And daily momentom is below in bear territory indacated by the red circle on the chart. cci is at the 0 line. This trend line should be significant as it is on a daily/weekly ...

My trades by Dave