Here is a little about elloitt wave.

My trades by Dave

Here is a 1 hour chart on my entry order @ 1.2065. The stochs are over bought and hooking down and RSI is below 60. This is a perfect looking example of a 1,2,3,4,5,a,b,c wave. Since wave 2 went a,b,c then wave 4 should be 1 sharp correction. But ...

My trades by Dave

If I see them ahead of time I place an entry order and let them get picked up along the way. I like placing the entry oeders and will try to do this more often, they usually work out the best. This is because I am calm and emotion free when I place ...

My trades by Dave

1st target hit for +79 pips. I wasn't here to take the 2nd entry for 1.2150 cause when it hit my profits it pulled back to 1.2019 so I didn't enter. That was some crazy price action my s/l came 9 pips away. Well placed. I will not put a trade in for ...

My trades by Dave

Here is 1 possible way it can go... The pull back of 1.1990 is good the daily pivot is also 2 pips above the 38.2% fibo. If this holds then sweet, but if not it targets 50% fibo. I want out there but some one else might make there s/l larger wich ...

My trades by Dave

It didn't get past 1.1990 I took a long as soon as it hit 1.1991. s/l tight at 1.1970 Target:1st 1.2050 2nd 1.2150 eventually 1.2500 It can still retest 1.1990 and if it gets past no big deal. But 1.2070 is a 50% retrace. Dave

My trades by Dave

here is what I found...

My trades by Dave

Eur/usd — Well last night/this morning was good. This is looking like its taking the high road with the daily close above the pivot point as the price couldn't sustain the fall. This looks like a wave 1 impulse wave that shot up. I am looking ...

My trades by Dave

Nice going guys, thanks for the kind words. Remember if you chose to take them don't get mad at some losses. I will do all I can to make sure any trade I post will be viable. I make other trades but don't post them. I got 1 now... Dave

My trades by Dave

Sorry I didn't post the entry here. I took it at 1.2005. But I knew if it broke 1.1950 it was good to go. I did post the info for any one who wanted it though. I didn't know if I was thinking the move or feeling the move. Now I can say I felt it. At ...

My trades by Dave

Yea that was awsome. I went short at 1.2005 and had a target of 1.1915(+90 pips). It just came to me like I shoulda seen it all along. And the news this morn set the posted trade in motion. I would love to drive out there....Here's mine its not ...

My trades by Dave

I am currently on FXCM and I have had no problems. But I am wondering wtf is going on with that. I cann't trade 100$ lots so I'll stay here untill then. This thing with them will drag out long time and they'll through money in someones pocket and it ...

Refco debacle

1 hour chart — The break below 1.2000 now put a pattern on the hourly charts. I didn't notice it till just befor it happened. Didn't have time to plot a trade really. If it sticks to the current trend lines than it targets 1.1900. The real ...

My trades by Dave

********this is not a trade just documented speculation.********** The pivot point is 1.2009. A drop below this runs all the way to 1.1900 this time. Dave

My trades by Dave

Yea I just looked up the calander and alot comes out friday. I will recomend this if your not a pro (I am not) I would just wait for first of next week to trade. When the data is realesed there can be a few large head fakes befor a real move. If we ...

My trades by Dave

Yea rethink long is right, but dunno bout short either. In 2 days I have trades a few small 10-15 pip trades and I am right where I started on sunday. I don't usually lose a 10-15 pip trade. I will continue to test the waters when I see signs of a ...

My trades by Dave

Dollar — Hey I think you gotta pay to see a live streaming chart on this but I need this. This could help alot I'm sure. The dollar dropped for a -33 close today. Mabe we'll se a reaction to this in early aisa session. As far as the chart ...

My trades by Dave

Here is the 1 hr chart numbered. I still think it should go up. Stochs are on an incline. RSI doesn't go lower with price. These 2 things are called negitive divergance. This is supposed to signal a reversal is near. I don't know yet I still cann't ...

My trades by Dave

Next chart I'll number. I don't know what the market is doing. Each stab down gets lower and lower. The price of oil just went up 1.73 a barrel. So USD should fall. But maybe not since the break of 1.2000 has alot of people looking at 1.1900 and ...

My trades by Dave

I just pulled trade -45 pips I just wached the usd/jpy break above resistance. That could encourage USD bids, along with the break below 1.2000 will encourage EUR offers. Based on that I am not risking the other 25 pips that my s/l would have ...

My trades by Dave