It all depends on what I think at the time. That time I didn't know so I moved s/l into small profits below fibo and let it ride. I still don't know what its doing. it has to establish something first. Prolly good to stay out till next week now. ...

My trades by Dave

Yes simple moving average. Dave

My trades by Dave

EUR/USD trade update — Moving stop up to the 38.2 fibo. 1.2164 is fibo so s/l is 1.2160 trend lines on 5 min sugest a pull back to 1.2110 is possible. The rally topped out at the 100 daily MA at the time was 1.2203 now is 1.2199. Dave stopped ...

My trades by Dave

chart for above trade — the 200 ma on the 4 hr chart comes in at 1.2221

My trades by Dave

Eur/usd — long entered @ 1.2148 tg: 1.2240 s/l: 1.2130 In anticipation of breaking the first fibo on the retracement of the 1.2588/1.1900 move. This targets middle fibo at 1.2241 Dave

My trades by Dave

no trend lines on the 4 hr chart but the trend might not be a wide one. soon as the price touches the bottom trend line on the 5 min chart I am in keeping a tight stop 10 pips on the other side of the trend line. All the corrective retraces have ...

My trades by Dave

Eur/usd — Nice profits were pulled yesterday but since it isn't sticking to any trend lines yet and no distinct pull back to get back in on I must wait. 4 hr charts are over bought so they need correction. Dave

My trades by Dave

Trade complete — +132 pips I'll get back in on a dip.

My trades by Dave

Yea still in it. I don't know how long this trade will last. To be honest this is my first time getting in right at the bottom of a new trend. My stradigy is to simply ride 4 waves up to what ever. Most likely wave 5 won't go past wave 4 and a ...

My trades by Dave

1 hr chart just hit top trend line. That could end rally and send it back to eventually retest lows 1.1930/55 good buy in range. If that was a wave 1 pulling off the lows then this wave 2 should retrace roughly 2/3 I think....lol A wave "C" can be ...

My trades by Dave

New candle on daily — The new daily candle is beginning to threaten the top trend line as seen below. A daily close above wouldbe bullish. The top trend line is at about 1.1999. Dave

My trades by Dave

your welcome. EUR got a good rally now. I am still in from the 1.1915 long I took. An entry for a long is tricky now. I would wait for a dip between 1.1930/50. If it even gets there again. use indacaters like I outlined prior in the thread to find ...

My trades by Dave

The latest move to 1.1970 and pull back continues to hold with in this pitchfork line set up. The bottom line suggests where the next dip will end up.(1.1920/25 range) I will long another position there like last night. Dave

My trades by Dave

Eur/usd — The rally to 1.1970 seems to have stalled 1 hr chart turning bearish again. Possible retest of lows again. This chart showing stochs turning down and RSI pulling back off 60.

My trades by Dave

thanks but.... NO!!! not smart. buy on next dip Thats the top of the range and too much resistance just above. Dave edit: sory so blunt.

My trades by Dave

Trade complete +22 pips 1st trade still in Dave ps: fxtrader, I'll try thanks for letting me know.

My trades by Dave

Doji — edit:On the daily chart I just noticed there is a doji on the bottom of the eur/usd with same exact open and close price. And one on top of the usd/chf 3 pips from exact open close being same. the general consinsus there is that a doji ...

My trades by Dave

I have decided to enter a second buy order @ 1.1915 s/l @ 1.1895 pt:1.1940 I am going to use a second posotion to trade this range while first posotion remains in play. If the price decides to test 1.1864/70 then the posotion is stopped at 1.1895 ...

My trades by Dave

Volatility — The price action is choppy at best this morn. The time is running out on my trade. I am waching closely to see if I need to pull out and enter on a retest of lows. The 4 hr chart continues to look real good for my trade and the ...

My trades by Dave

Testing red letters. edit: I think that helped.

My trades by Dave