Here is daily chart. The rally is a long streight run so retrace is in order. I will buy on a dip. The short trend should be considered up untill the 38.2 fibo is hit. Once the price is in the labled fibo range I will stop taking long trades. Dave

My trades by Dave

This post holliday wave 3 hasn't seen any kind of retrace on the 4hr-daily chart. Befor this rally is complete there will be a wave 4 retrace then a wave 5 retest of highs. Then an a,b,c formation should unfold. Prices are looking to rise into the ...

My trades by Dave

stop hit -20 pips

My trades by Dave

This trade is going on the asumption that from the close of NY to mid asia session the market should be to thin to push the price past the resistance found at 1.2030. If the price fails to break below 1.2000 I will exit. Dave

My trades by Dave

short entry: 1.2015 s/l: 1.2035 target: 1.1980 The 38.2 fibo from todays move is at the 1.1945 area. I expect a retrace on profit taking from the move today. Dave

My trades by Dave

both shorts stopped out for a total of -147 pips What a way to start the new year getting raped like that. Price needs to finish the upward correction befor the short trade is viable. Dave

My trades by Dave

2nd short 1.1900 s/l 1.1945 target 1.1640 Dave

My trades by Dave

1st short 1.1883 s/l 1.1945 target: 1.1640 Dave

My trades by Dave

Chart is from fxstreet charts console. I think its net dania. Its a better price feed than fxcm. In my opinion. Price is pulling back to the 1.1880's. I would have entered at 1.1900 if fxcm was open. I still got 20 min. I feel like there robbing me ...

My trades by Dave

Here is a 1 hr chart. Price is in 1st entry level now. Waching for a break above. The price really shouldn't rise above the 2nd entry level. I want 1 entry at 1.1870/90 range and another entry if price rises to the 2nd point(1.1920/30 range) s/l @ ...

My trades by Dave

I have been checking out interbankfx's platform and demo. As you allknow I am always looking for a good broker. I like them for there pocket pc platform and they don't opperate a dealers desk. They have a platform comparible to fxcm. Although I have ...

My trades by Dave

Here is the chart on the short entry I am looking for. 1.1960/70 range is the top of the weekly trend line. The price probly won't break back above 1.1930/40 range so I will take a short position as close to that as I can. But.....the price may not ...

My trades by Dave

This last week I tried something. I don't know how it will work in normal market conditions But I made 56 pips off it in 4 days. What ever the direction the price moved durring USA session (eur/usd). At 5:00pm EST take a trade in the opposite ...

My trades by Dave

Nice job!! Thank you to every one for all your comments. I know if you scalped 800+ pips you must have worked very hard to do it. I would also love to see your techneque. I cann't wait for the new trading year. Even with the sideways volitility this ...

My trades by Dave

Thanks guys I hope you all have a prosperous new year. Cheers! Dave

My trades by Dave

December total -35 -25 -17 -41 -118 in losses +25 +114 +148 +287 in wins 169 total Dave

My trades by Dave

exit trade 1.1845 + 148 pips Thats the last trade for this year. I'll post chart next week Dave

My trades by Dave

Here is the weekly chart again. It looks like a wedge between the top trend line and the 38.2 fibo. I'd guess a break either way will be significant. The euro/usd usually has at least a 50% correction. On lower time charts the price hits the 50% ...

My trades by Dave

Looks like the a,b,c unfolded almost as diagrammed. But could still probe higher befor going back down. Dave

My trades by Dave

Here's chart on current short position. price now 1.1834. a 1,2,3,4,5 wave pattern has unfolded. The next should be something like the a,b,c I drew out. And that should complete a wave 1,2 on a higher time chart. Dave

My trades by Dave