On a move like that we should at least see some pullback off profit taking. Dave

My trades by Dave

ok short 1.1822 s/l tight at 1.1850 target:open This is systematicly a good trade if done consistantly. Dave

My trades by Dave

Racz, here is my chart on this. 1.1770 is the 38.2 fibo. Thats kinda asking to get stopped out. Idealy a s/l placed near the 61.8 fibo is best but thats a huge stop. So just beyond 50% is 2nd best and 3rd would be just befor 50% fibo. Thats based on ...

My trades by Dave

Well done. Wach for price to dip to 1.1775/80 range though. Dave

My trades by Dave

Bea, your s/l on your existing lot should be good there. That is exactly where I was gonna put mine but decided to take my profits because I got those 2 large stop outs last week to make up for. According to e-wave wave C can go 68% of the previous ...

My trades by Dave

Price now at 1.1814. Now you see why I trade against the trend. Don't go and tell the world about that secret if every one did it it would through the ballance off. Thats why its taught that its taboo to trade against the trend. PT: 1.1815 +94 pips

My trades by Dave

trade update.. Waiting to see a sustained break of 4 hr 20 peroid MA(1.1757) so I can move s/l up. There is 7/10 cross on 1 hr. 4 hr is close to it. Also on daily there is about to be a 7/10 cross and that could be a good signal to hold trade a few ...

My trades by Dave

And after the trade I discovered it was 2 pips above the 20 day ma. Here is the current chart I am looking at. I would like to see the price hold these lines. But it might consilidate right past the bottom line. Dave

My trades by Dave

Habeeb here is chart. The red circles are the false breakouts. The blue is the real break out. My 20 peroid MA represents your middle bolli band line. There were 3 false breakouts befor the real one happened. When the price fails to break the line ...

My trades by Dave

to be quite honest that stop at 1.1850 was pure instinct. By all trade standards it was bad risk management. "BUT" on the other hand if the trade gets stopped out at 20 pips loss then what? I have found that my stops get hit befor going to my target ...

My trades by Dave

Your on the right track there. I don't know about the numbering of a sideways action. If you look at your bolli bands and the middle band there. When the price origonated from the bottom band there were cross overs of the middle band and then a ...

My trades by Dave

Hey Bea, My post here explains my view. Sory to hear about your trade. I placed my stop below the 1.1664 support low from the 18th. My trade scared me for a while as it went -50 pips in the wrong direction, but my s/l proved to be out of reach from ...

My trades by Dave

long entry: 1.1721 s/l 1.1650 target open pending retest of 1.1800/35 range a break back above 1.1740/50 will confirm trade. Dave

My trades by Dave

Pull trade at 1.1728... +43 pips Dave edit: I was gonna just move stop but I decided to go ahead and take 43 pips for my first trade of the week. I don't have time to wach the market. The price could run into buyers near 1.1700 and create a new ...

My trades by Dave

Here is a chart on what I belive could be the wave pattern numbers. I think that the waves in the red circle are apart of a "complex B wave". The complex wave B goes deap into wave analisys and I have only touched that scope of the lessons. The ...

My trades by Dave

short entry 1.1771 s/l 1.1850 (just above the 20 day MA wich is 1.1848) Target: open pending a possible retest of lows. I belive that if the lows are retested the buyers that were there befor won't be this time. Dave

My trades by Dave

next week I will look to go short at or above 1.1774 targeting 1.1590 s/l to be determined. This was the range I was waiting for for the short entry. Dave

My trades by Dave

week total -70 -51 -121 losses +35 +30 +77 +142 winnings Total +21 for the week ewww thats the worst week in a while Dave

My trades by Dave

PT: 1.1750 +77 pips I am pulling out now for the weekend. The top trend line target was briefly hit around 1.1790. Dave

My trades by Dave

trailing stop hit + 30 pips. long entry: 1.1673 s/l 1.1630 target open.

My trades by Dave