today is the 30th yester day was the 29th. http://www.dailyfx.com/index.php?option=com_content&task=view&id=5021&Itemid=39 Heres the link. edit: oops its consumer confidence(based on spending reports) The spending reflects the confidence. Dave

My trades by Dave

Lets do this short 1.1791 s/l 1.1821 target 1.1765 Since the price ia at the top of the range I am gonna try a small trade here.

My trades by Dave

Hey guys. Here's my opinion on this, in terms of percentages. 99% of systems and indacaters are ment for trend trades. The market only trends (intraday) 10% of the time. 90% of the time it is in some kind of sideways action that throughs the ...

Mathematical reasons why MOST DayTraders & scalpers fail?

Thanks guys. Next time I hope it can come in a month were I don't have a 21 pip week like this month. Dave

My trades by Dave

sry I didn't see this post yesterday. Consumer spending report that came out yesterday at 10:00am EST. The market is waiting for news to come out tomarrow so its only in a 50 pip range today. Place an entry order above the high and below the low of ...

My trades by Dave

This was the exit of that trade. (my first 200 pip win) The total for the month since Nov 1st is ... +431 monthly total. At the end of Dec. I will do a 3 month total. And will include a win/loss% for the quarter. Dave

My trades by Dave

I was doing a months total and found a mistake. That 149 number wasn't where the trade was exited. It was where I moved my s/l to. see next post.....

My trades by Dave

Really I need the price to do something befor I can do anything. I am on the sidelines untill the chart speaks to me and tells me whats going on. Lets just enjoy that last trade for a few and not get over zellous. Dave

My trades by Dave

Lets say the trend is up. A new high is reached, and a pull back happens. That pull back is a retrtace. When the price tries to reach back up to that new high that is a retest. A retrace always happens at some point. If it didn't the price would ...

abob's fundies journal

A retest of the 1.1640/50 range could be in the works for this week. I'll post chart later as I gotta go back to work. No trade to take yet because the price could rise more befor the next fall. And were in the middle of the trade range now as the ...

My trades by Dave

Retest on consumer spending data(10:00am est) made it back to 119.70 Dave

abob's fundies journal

trailing stop hit +80 pips good job Bea. I struggled with pulling trade at 1.1750 and moving stop. Most of the time I'll trail the stop. But that was a great trade though. no regrets. Dave

My trades by Dave

Moving s/l to 1.1770. locking in 80 pips so far.. Dave

My trades by Dave

Consumer confidance report due out this morn @ 10:00 am EST. Hold trade through report or not? I am holding. We are in profits so I will hold trade. Any one in this trade with small accounts is suggested to take profits now. Moving s/l will probly ...

My trades by Dave

Here is chart on my current trade. I am looking for at least a 50% retrace of the move up. Price is consilidated around the 38.2 fibo probly caused by profit taking. 1.1805/10 holding support for now. edit: the change of the hour just gave a 7/10 ...

My trades by Dave

I guess you trade fundamentals. Allow me to through this out there. 2 things happen "almost" always. 1: retrace- always 2: retest- almost always USD: We just saw a retrace so there is a "possible" retest on the horison. When and where who knows. And ...

abob's fundies journal

The word "possiblity" ... 1 a:Being with in the limmits of ability, capacity, or realization. b: Being what "may" or "may not" occur according to nature, custom, or manners. And being something that may or may not be true or actual. so a 100% ...

Test for newbies

thanks Bea At 1900 EDT(7 pm) I now have a 1.1778 20 day MA. Mabe the differance is because of such a huge move and the ma has to level out. Still looking for an E-signal user because one day I might subscribe to it. Dave

My trades by Dave

thanks Habeeb. I am glad I am not the only one with a 20 day ma at 1.1750. I think I will stick with fxstreet charts. My trades have been more successfull since I started using them. Since the 7/10 works well with it. My suggestion is don't use a ...

My trades by Dave

well I googled forex charts and they're all in the 1.1787-94 range. fxstreet is the only one at 1.1750. Thats dissapointing because I switched to there charts for that kind of reason on the 7/10 ma I am using as indacaters. Now I don't know what ...

My trades by Dave