here is the 5 wave labled. Fits perfect. Wave 4 doesn't go past top of 1. If wave 2 is a,b,c then 4 is 1 sharp move. And vice-versa. Wave a shouldn't go lower than 1.1725/30 wave B should retest highs(hopefully make new high). And wave C should come ...

My trades by Dave

This next chart shows the trend reversal. The yellow circle is the double bottom. The Decreasing wave pattern also signified the reversal. This chart shows downward trend losing momentom. Now the test is can momentom hold to the upside long enough ...

My trades by Dave

here is the chart

My trades by Dave

moving s/l up to 1.1695 target is top trend line or close to it. S/l is just past 50% fibo on that impulse wave from 1.1640-1.1760. It should rise to the top trend line in a 1,2,3,4,5 wave patern. Dave

My trades by Dave

There is a decreasing wave pattern I guess we can ride out. One of the next attempts gotta break out some time. Dave

My trades by Dave

Long eur/usd entry 1.1665 s/l 1.1615 target open

My trades by Dave

trailing stop hit +35 pips I am not ready to go short yet I'm not convinced it wont test 1.1750 range first. Or higher. That top trend line needs to come into play some time. Rember 80% of traders fail. Where does the majority of traders trade?...in ...

My trades by Dave

ty. sux my s/l at 1.1640 got hit exactly on trade station. I woke up just in time to go long again. I only lost 15 pip in my position. I am still looking for that wave C direction. Dave

My trades by Dave

yea short on a failer of 1.1750 range is good. I feel like that top trend line on my previously posted chart is a viable trade too though and a short from there is what I am looking for. Dave

My trades by Dave

moving s/l to 1.1690 Dave

My trades by Dave

Here is what I am looking at on the 4 hr chart. Dave

My trades by Dave

I am still in. I had to reenter when stop was hit buy 1 pip. All losses from last stop out recovered plus some. I want to hold posotion longer. Dave

My trades by Dave

stop hit -51 pips resetting long entry 1.1655 s/l:1.1615 target open

My trades by Dave

I wish the price followed the rules exactly. But the price knows nothing about rules. It follows thses wave patterns blindly. As long as you can get the 3rd wave identified, you should be able to count the next few and possibly recognise a reversal. ...

My trades by Dave

don't know about max for waves. I belive theres just minimums. Dave

My trades by Dave

I belive I had the waves miss labled. Here is a revision of wave count on 4 hr chart. Wave C, according to ew principle, can be 68% of the last wave 3. Wave B is at least 38-50% of A. So a rise above or near 1.1900/14 may be in order. I am long ...

My trades by Dave

I dunno about the improving thing I havn't been doing well all month. Vt isn't good for acurate ma's. I use all kinds of methods such as double tops/bottoms, daily pivots, RSI24, and E-wave to name a few. The usd/jpy just defied the double top ...

My trades by Dave

stopped out -70 pips

My trades by Dave

your right the eur could go up. But when I entered the trade it looked different so I am just following through. Going long on a break up would be good just beware of false breaks. Dave

My trades by Dave

there is a double top on USD/JPY so it looks like 1.1700/20 is the next target. Provided there are no new highs. Dave

My trades by Dave