Forex, Futures

4/19/2012

I closed yesterday position on GBP/USD - that was really so little move down that I didnt want to stay in position.

Anyway today and yesterday i made analises for about 200 ;) USA, UK and DE CFDs. So now there are some ideas.

I still have open long on TKADE my SAP position had been just closed after i moved my SL due to H1 buy re-signal.

Here are potential setups. All are for longs - so im not sure is this right direction now - but well i trade what i see not what i expect to be.

First its Dell.

It is ABC correction and now price reached point C with all 3 Fibo (for wave C it retracement of last impuls, projection of wave A from B point and projection of wave B)

There is also next Fibo group lower:

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Trading Strategy

1. Simple Elliot waves - just 5waves moves and ABC corrections.

2. Fibo Retracements and Projections - if i see group of Fibo close to each other i will marke this level as potential reversal.

3. DTOSC indicator (it can be stochastic too). When i get signal on bigger time frame on fast DTOSC (1h for forex) im moving to smaller (15m or 5m) and im looking for signal on slower DTOSC if i get it all i open position.

Im very sorry - I didnt explain what is buy/sell signal.
Its like in every oscilator with overbought/sold zone. If faster line cross slower from below its buy signal when its in "bottom" zone. Sell signal is when faster line cross slower line from top in "upper" zone.

4. Position size: im opening 2 positions with 2-3% risk. 1 is short term and 1 is long term.

5. Manage of positions: no TP, positions close by SL. SL will be move different for both positions.

DTOSC indicator: HERE