Here is a longer term outlook. This 5 waves up looks like a wave C in a wave 2 correction. Only a break above 1.3000 will shoot this down because wave 2 cann't retrace more than 100% of wave 1. But the EURO likes to retrace 78% or better . So after ...

My trades by Dave

Keep trying your method. You never know who might just develope a "feel" for the market. And be able to identify trends and trend patterns in there subconscience and not even realise it. Thinking its common sence but actually be doing some serious ...

My simple way of trading

Wace C extended a little deeper befor starting wave 1 of 3. Wave 3 should be topped with 5 subwaves. We should see a retrace wave 4 and then a wave 5 back up to test the high and hopefully extend past. A truncated wave 5 won't break the high but ...

My trades by Dave

Looks like aan a,b,c correction is complete. Almost following the lines I drew yesterday in a sideways correction. Heres chart continued.... image

My trades by Dave

heres chart image

My trades by Dave

OK now I belive I got this right. On 4 hr+ charts we got 3 major corrective waves down. (bottom at 1.2476) that would be an ABC. Then 5 waves up ended today. That would be a wave 1 impulse to a wave 3 of one larger degree. any time you get a ...

My trades by Dave

Hey Adam, The corrective stage the price was in seems now that was a bearish correction now that the price is in the low 1.2500's. The view is down I will post a chart tomarrow. Dave

My trades by Dave

looks like the correction could be over. it took a deep correction on wave 2 so a wave 4 should be sideways. If the current move up is wave 1 of wave one then we'll see a consilidation then more rise. And a test of 1.2670/80 range. And we'll want ...

My trades by Dave

Hi and welcome, Is the softwear accurate so far? Dave

David's MTPredictor Journal

Yea this bottom that has formed has beaten me pretty good. Now I can see what its doing. Heres a chart on a long term projection. short term, we could see the price press further up beyond the 38.2 fibo but there will be a wave 2 down to possibly ...

My trades by Dave

could have been to quick to trail s/l but there is resistance at 1.2657/60 range could reverse here. I was hoping for an immediate break and run for 1.2700. sustained break above this range is needed for the bulls Dave

My trades by Dave

s/l hit no gain

My trades by Dave

1.2660......moving s/l to BE

My trades by Dave

Long 1.2646 s/l 1.2630 target 1.2700 Dave

My trades by Dave

Yea. After staring at it for over a year you start to recognise the personality of a pair. I get the moves right but the time in wich they will occure is another story. It might do 5 things befor doing the one thing I am waiting for. Like the move I ...

My trades by Dave

Well the end of the week gave some head fakes resulting in a nice doji on the daily chart. There should be significant support keeping the euro from falling in the short term and possibly mid term. Price is resting on the 55 day ema and 8 week ema. ...

My trades by Dave

Well the market finally broke 1.2690/2700 support. There should be a retest of that range to find resistance befor falling further. I am just waiting for now. Dave

My trades by Dave

long 1.2830 s/l 1.2815 target open Had trouble logging onto site here. Dave

My trades by Dave

euro stopped out - 20 pips. I forget what I set trailing stop at on eur/gbp but it was hit at 6874. +9 pips Dave

My trades by Dave

s/l hit -20 pips

My trades by Dave