Hi Sjr, Let me again offer my apologies for the slow reply... it's been a hectic start to the year so far and it doesn't show any signs of slowing just yet!!! First of all let me say that I think you are looking at an interesting area to trade ...

DanUK's Advanced Trend Trading Strategy

Hi Jay, There are a couple of issues I have with this trade. The main one being that I am not sure that the downtrend is that strong now. The previous downtrend-line has broken and if you do a swing analysis (as per the blue lines in my first ...

DanUK's Advanced Trend Trading Strategy

Got a good eye on those locations of interest!

DanUK's Advanced Trend Trading Strategy

Hi Paul, Sorry it's taken a while to get back to you - it always seems to be that when I'm busy there are lots of posts and when I'm free there aren't!!! I was looking at 130.00 as a "big" round number and possible place to short. As it happens, I ...

DanUK's Advanced Trend Trading Strategy

Hi Andrea, Welcome to the thread! I've never traded an ea before because the idea of an automated system that brought you cash in each week seems to good to be true! If you (or anyone else) are doing it successfully though I won't knock it! I'm glad ...

DanUK's Advanced Trend Trading Strategy

Hello again! On my feed I didn't get a bearish engulfing bar. I'm not sure what the details were on your feed but a bearish engulfing bar should have an open higher than the previous close (which my feed didn't) and a close lower than the previous ...

DanUK's Advanced Trend Trading Strategy

Hi Milan, As you may have seen I got my fingers burned a little earlier trying to short this pair too! What I would say is that the last major swing low (which hit the 1.5100 level) has now been broken to the upside. Although a new trend has ...

DanUK's Advanced Trend Trading Strategy

Yeah, G/U has been pretty crap to trade lately. It's been really rather uneventful over the last couple of months. Interesting to see that it has broken out of it's small downtrend this week. No conclusive proof that a new uptrend has started just ...

DanUK's Advanced Trend Trading Strategy

Hi, Good looking setup. It's also off of the 1.0000 big round number which is an important psych level. The fact that price dropped back through this level last week with ease and then found resistance there this week does suggest that we may see a ...

DanUK's Advanced Trend Trading Strategy

Yeah, been pretty hectic lately! So much for the nice slow trend of the E/U! Those days are gone I think (for now at least)! One wonders whether we've seen a false break down (Friday/Monday) to trap sellers before sending this up or whether this big ...

DanUK's Advanced Trend Trading Strategy

Hi Sjr, I think that makes sense! And I agree; the most important thing to learn is correctly identifying the trend and the correct areas to trade from. Once you know that, you are on your way to success, the actual entry is secondary. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi Steve, The thing I particularly like about trading dailies is it gives me freedom to spend my time with my family and friends. I don't have to spend hours glued to my screen! Ultimately, that is why I started trading - for freedom. AUD/USD - ...

DanUK's Advanced Trend Trading Strategy

Hi guys, Thank you for your messages, it's good to know that people aren't looking at the "potential trades" as signals and are doing their own analysis. The journey for me is far from over. My biggest hurdle has always been dealing with losses. In ...

DanUK's Advanced Trend Trading Strategy

Hi mike2007, I think you spotted the major one: "price did not reach the october low zone 1.51 yet" With regards to the minor support level - generally these are not an issue when following the trend. So long as you are trading from a major ...

DanUK's Advanced Trend Trading Strategy

Hi iferdous, I'm glad you have found this thread useful! I've had a look at your chart and I like it - I think you've got the right idea about picking the major support and resistance levels. I would say that I tend to round my levels to the nearest ...

DanUK's Advanced Trend Trading Strategy

Nice work as always!

DanUK's Advanced Trend Trading Strategy

This is also true but I don't consider this area to be a "key" level and as such would not have been a deal breaker for me. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi jcalow, Don't beat yourself up about this one too much! I think it caught a few people out. Losses happen, I wish they didn't but it's just part of the game I suppose. Now, as to things that went against this trade, I would cite the following: 1. ...

DanUK's Advanced Trend Trading Strategy

Hi NP, Certainly an interesting one to watch. On my feed this did not form as a proper "pin bar" as it did not close within the range of the previous bar. If it had closed as a positive bar (i.e. close higher than open) I think I would have been ...

DanUK's Advanced Trend Trading Strategy

Hi Paul, Again, it is my cautious nature. I know it's a bit cliche to say it but successful trading is not about focusing on maximising profits - it's about limiting risk. That's why I mentioned it. Perhaps I shouldn't have commented.

DanUK's Advanced Trend Trading Strategy