here is a chart. Theres the wedge I spoke of befor. Dave

My trades by Dave

short eur$ 1.2640 s/l 1.2656 target open Dave

My trades by Dave

I sure did. 5 pips. But the trade went bad

My trades by Dave

here's chart. These are the subwaves to the wave "C" in a previous chart I posted on weekly waves. Now there should ba an a,b,c befor any trend emerges. up or down. The a,b,c should reveal the potential direction. Dave

My trades by Dave

short eur...1.2616 s/l 1.2636 Target 1.2530 Dave

My trades by Dave

Well...Like I mentioned befor. The market just moved 500 pips in two weeks with no retrace on the weekly and daily charts. So momentom is still there and untill a retest and failer on a 4hr or higher chart the probility is bullish. I really ...

My trades by Dave

Nice trade. The pull back didn't go as far as I thought yet. I'll wait for a new entry signal. Dave

My trades by Dave

exit 1.2630

My trades by Dave

short 1.2630 s/l 1.2660 target 1.2600 there is a good standard trade set up emerging on 4 hr. No time to make a chart. sry. there should be a pull back to 1.2584(8 ema fibo) so I'll target 15 pips short of that. Dave

My trades by Dave

That looks like a good but complex method. I don't want to learn any more methods or my head might explode. But if thats your primary method it will serve you well. It identifies the paramaters of a double top and double bottom. Wich are both a wave ...

My trades by Dave

You hit the nail on the head there. 20 pips profit, holding for a higher target 50-70 pips or more, and price turns around. What we all must realise is the market will do things on its time and not ours. When we predict a move we are observing ...

Scalping is the doorway to real trading

The above chart shows why this is a critical point. 50% fibo on the monthly chart of a range that started 12/25/04 with a 1.3666 top in place. And ended on 11/12/05 with a 1.1642 bottom in place. So the price is at 50% of a 2 year trend. I am going ...

My trades by Dave

Here's another chart. Price is near 50% fibo at 1.2654. I will look to short with in 15 pips of that 50% fibo and s/l 15 pips beyond it. Target 1.2520. If the s/l gets hit then I'll reverse position and target half way to the 62.8 fibo. The eur/$ ...

My trades by Dave

First thing we should see is a retrace at least to 1.2589 09/01/05 high. Then a retest of the high. But if 1.2589 doesn't hold support then the 38.2 fibo can be targeted at 1.2485. Dave

My trades by Dave

Here is the same monthly chart showing the E-Wave count. If you look back to the year end and beginning I was expecting a wace "C" extention. We might have just seen that. Short as close to 1.2668 as you can. With s/l 10 above that. And reverse ...

My trades by Dave

Here is the monthly chart showing a possible head and shoulders.... Dave

My trades by Dave

Hey Hugo. Sorry I didn't see your posts untill now. I been taking a break. Price is still in a turning point on the monthly. I am sitting it out for now. See charts next 2 posts. Dave

My trades by Dave

Hey Adam Welcome to my thread and forex factory. Nice trade. Target hit. Dave

My trades by Dave

The price should test 1.2500 and mabe poke 10-25 pips past. Wait for the price to find resistance and pull back. Then enter on the retest. And reverse position on a break. Price is at a monthly turning point. Here's chart. MacD approching signal. ...

My trades by Dave

If the price gets there mabe. Dave

My trades by Dave