Good work! This is what it's all about - you identified a level that had a good chance of supporting the trend and you entered once price hinted (with the pin bar) that the level would hold. Congratulations, I hope this turns into a big ...

DanUK's Advanced Trend Trading Strategy

Hi goldenFishie, I think this is a possible area of interest but do yourself a favour and drop the pivot indicator. Learn to spot support and resistance with the very best indicator there is - your eyes. Learning to trade is about learning to read a ...

DanUK's Advanced Trend Trading Strategy

Hi Duke900, I didn't get any bearish setups on my feed today but I would agree that we are at a location where something could happen! Now I must ask - are you profitable trading the daily timeframe? If yes then great but if not you shouldn't be ...

DanUK's Advanced Trend Trading Strategy

Hi GJP, I entered on the H4 retracement. However, as mentioned before - H4 timeframes are only to be used once you are used to and profitable on the dailies - they are to be used in addition to the daily setups. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi seifo005, If it makes it that high I wouldn't be surprised for it to hit 90.00 - now in that scenario my preference would be to see the level break out upwards and for the developing uptrend to continue but I will watch price and see what it ...

DanUK's Advanced Trend Trading Strategy

Hi benem, Actually yes this is a trade I have taken. It's not perfect and it may well go against me but it's one that I am willing to let breathe. My reasoning is that price failed to break through the 75.00 level after trying for several weeks and ...

DanUK's Advanced Trend Trading Strategy

Hello Fx_Pipin, Yes, I think you were right to highlight this as a possible setup and I did look to sell the bearish engulfing bar that formed on the 4th however it didn't trigger and has since been invalidated. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi bez3000, Our s/r differ slightly but general outlook is the same so I would say yes it is good analysis! At the moment I still see this pair as being in a band of s/r in the 0.8700 - 0.8800 area and as such has the potential to go back down ...

DanUK's Advanced Trend Trading Strategy

Hi Pirabuji, I placed a sell order but it never triggered. During the day I monitored price on the H4 charts and placed a long based on the bullish engulfing bar off of 0.8700 and simultaneous break of the daily trigger short. It's one of those ...

DanUK's Advanced Trend Trading Strategy

Hi guys - sorry I got interrupted yesterday whilst responding to questions and PM's - I will get back to it shortly! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi Pirabuji, Yes... if you mean 19th Jan and 3rd Feb! Patience is the key to it... it takes a lot of mental work to get used to the waiting and not letting yourself mess with a trade but it is definitely worth it! I have only been trading with the ...

DanUK's Advanced Trend Trading Strategy

Ah! Well in that case then... yes! I tend to go for those strong s/r areas to get into a trade! Regards, Dan

DanUK's Advanced Trend Trading Strategy

That's the one! I placed a pending sell below the BEOB... it didn't trigger and the high of the setup was broken today so I cancelled the order. I have actually placed a long based on a Bullish Engulfing Candle that appeared on the H4 charts that ...

DanUK's Advanced Trend Trading Strategy

EUR/GBP — I should just mention to anyone considering the E/G short - it is not an A+ setup; reason being that the most recent high at the s/r level around 0.8500 has been broken which suggests the trend may be turning. I would say this trade ...

DanUK's Advanced Trend Trading Strategy

I tend to agree... although that would probably mean dropping down to the H4 charts; so be aware that as a signal it wouldn't be as reliable as a daily. Regards, Dan

DanUK's Advanced Trend Trading Strategy

EUR/CHF — My concern with this potential trade is that at the moment it is sitting right on top of s/r (shown in blue) as well as the developing trendline. I would prefer to see price get below this level then come back up to retest it and ...

DanUK's Advanced Trend Trading Strategy

Hi gododdin, I think Alpari UK (who I use for charting) build their Sunday bar into Monday so you could say I do pay attention to them but not as a separate bar! Yes this is exactly how I play my long term 4 hour trades... I will be looking for ...

DanUK's Advanced Trend Trading Strategy

Hi GJP, Yes I suppose so... if price is moving down I would want to see it break through a s/r level and enter (with a valid signal) as price comes back up to test it. What do you mean by "major" s/r areas? Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi TheFutureAce, I didn't get a pin on my feed but I would say that the AUD/NZD is currently in an uptrend and would therefore be looking for a place to get long rather than short. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi Abinadi, Thank you for your interesting post. Although I have never written it down, I would say that my checklist goes like this... 1. Has price broken the previous swing high (in a downtrend) or swing low (in an uptrend)? 2. Has price broken ...

DanUK's Advanced Trend Trading Strategy