EUR/USD trade update — Well this move down wasn't totaly unexpected.Thats the reason for the large s/l. I am hoping this is the extent of the down side. The 4 hr chart shows stochs over sold and curving up. RSI is about to test the 40 line. It ...

My trades by Dave

Entry made. Dave

My trades by Dave

Ok thanks.

My trades by Dave

Naa Lou you missed nothin. remember this is an up trend. I wouldn't trade short. The entry point for next trade is posted above @ 1.2030. Lower if you can. Its taking time to unfold but when it hits the 1.2015/25 range it will liven up I think. I ...

My trades by Dave

Nice exit on the last trade. Last poke higher befor its current fall. This fall I am calling wave c of 2. This should complete wave 2 at the bottom trend line. It looks to be targeting 1.2015/25 range. If I am correct then the next wave up will be 3 ...

My trades by Dave

exited at 1.2141 + 30 pips A head and shoulders formed and I exited at the topof the 3rd failer. Dave

My trades by Dave

I am waching the current rally that has found resistance at 1.2152 pivot. Momentom looks to be stalling on the RSI. Will exit if next attempt falls short of the last. Dave

My trades by Dave

Lou,I went long on this post last friday. Its still developing. 1.2152 is daily pivot point. Break of that could be an entry. I am pulling trade if it fails to break it. Dave

My trades by Dave

Eur/usd seems to be forming a bullish head and shoulders. Sticking to bottom trend line tight. Slowly

My trades by Dave

above is 1 hr this is 4.

My trades by Dave

As far as detailed in count, all I can identify is 1,2,3,4,5,a,b,c. The 4 hr charts still look like the daily sept broken down. I can better identify the retrace waves(2,4) formation better than on daily. The most significant MA I belive for day ...

My trades by Dave

The price will stay with in structure reguardless of the news. A corrective retrace was needed after a 233 pip impulse wave such as what we saw. 1st hurricane the dollar fell alot. 2nd hurricane dollar rose. The insiders in the market are the ones ...

Non-Farm Payroll Observation

I do use fibos and price, support/resistance levels and trend lines to determine target zones. I basicly am reading a 10 lesson e-book. It can get very complex. I would do better in a class setting with hands on demo trading in class. I belive if ...

My trades by Dave

On the above chart... If support breaks it will get to the bottom trend line sooner. Wave 3 will be very nice when it finaly takes off. That much I do know. Finding the point to get in on that is the diffacult part. Wave 2 is suppost to be the most ...

My trades by Dave

weekly forcast 10/9-10/15/2005 — I have drawn up 2 similer paths the price "could" take in the next few weeks. There is a bearish path too and requires penetraiting 1.1900 support. I belive the market is going to complete a 5 wave pattern in a ...

My trades by Dave

Don't worrie it should retest support @ 1.2090 or mabe lower befor retesting the top side at the 100 day MA. Tomarrow I'll have a couple of charts to post. Dave

My trades by Dave

I am reluctant in leaving my position in for the weekend. But daily charts are turned up and so is 1,2 hour charts. I have no fear of hitting s/l after broker closes cause of people taking profits from the move down, should provide lift for the ...

My trades by Dave

When you entered the long at 1.2028 did you mean to say 1.2128? If you meant 1.2128 then did you wait for the pull back to established a bottom? I waited for a bottom to be hit,(former 1.2090 support) and my trend line on 1 hr chart. Then I waited ...

My trades by Dave

Here is entry on 1 hr chart. Price found support on the bottom trend line. Hopefully confirming this trend line. I will wach it untill it pulls off this line. It is possible to see it pull back to 1.2050 range so a tight s/l is set just beyond days ...

My trades by Dave

Eur/usd — The pull back has happened. Long entry @ 1.2110 s/l:1.2085 target: retest of highs:1.2180

My trades by Dave