Hello lite27, 1 hour charts are not really applicable to my trading strategy but you are right, the levels help. Live trading examples will take place in the future but I am not looking to turn this thread into a signal service. It will be for ...

DanUK's Advanced Trend Trading Strategy

Hi gododdin, It is the break of the most recent lower high (in a down trend) that confirms the change of direction (as per amended attachment). However this does not yet involve key s/r levels... I am also looking at the key levels (that you and I ...

DanUK's Advanced Trend Trading Strategy

Hi Peter, Hopefully most of your questions have been answered by my other posts. With regards to the "peaks and troughs" though - the best way to view them is to zoom your chart out as far as it goes. It's a visual thing only, there are no real ...

DanUK's Advanced Trend Trading Strategy

Hello again, Thank you - I'm glad I've been able to help! To some extent so long as you are taking good setups at high probability locations your interpretation of the trend does not have to be spot on. Of course I am not saying you should take any ...

DanUK's Advanced Trend Trading Strategy

Hello EricOutDaRed, In response to your questions... 1. Yes, when price is trending down we are waiting for price to retrace back upwards to a support/resistance level to look for a selling opportunity. 2. In that particular example I was just ...

DanUK's Advanced Trend Trading Strategy

Hi MrCBee, If you aren't sure about a trend you have two options... the first is to stay away from it until price shows it's hand or you can look for a signal in either direction at sensible points of interest. In your chart you have correctly ...

DanUK's Advanced Trend Trading Strategy

Lol! Hi guys, sorry it's taking a while to get back to you... I'm having a bit of a hectic week so far and haven't had the time to get back to this thread! I will return as soon as I can (hopefully I will be free as from tomorrow afternoon).

DanUK's Advanced Trend Trading Strategy

Right... got to pop out for a little while now; will be back to continue answering questions later! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hello emacro, I've never heard of the dragon pattern so I just checked it out and yes it does look the same; but I would say by coincidence not design. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hello again, At that time I was looking for an entry in the 1.3500/1.3600 area... price gapped up a lot on the day and I was getting tempted to close out my trades but I waited for the day to close... I felt the downtrend was still valid and it was ...

DanUK's Advanced Trend Trading Strategy

Hi Entropy, No I didn't have any trades there/then. Is there something you see that you might have sold? If so please point it out and I will take a look - but I didn't see anything tradable. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Good question! But I think it would be more fun if you told me where I entered!! I had a combination of H4 and daily entries but lets keep it simple and stick with the dailies only. I can tell you that I had 4 positions from daily setups on that ...

DanUK's Advanced Trend Trading Strategy

Hi GJP, (Sorry for the late replies... went to a BBQ yesterday afternoon and it turned into a bit of an all nighter!). I like to add to trades when a trend develops... my basic rule for this is to ensure that the first position is well in profit and ...

DanUK's Advanced Trend Trading Strategy

Hi guys - I haven't deserted the thread! My weekend is pretty busy and I'm out at the moment (just checking in via iPhone!) but I will respond to all questions a little later on this evening! Just a quick note - what's the difference between a ...

DanUK's Advanced Trend Trading Strategy

Exiting a trade — Ok I think the final part of the strategy that I need to explain (with the exception of counter trend trades) is how to get out. The easiest way for me to explain exits is to use a chart... so lets take a nice easy one from ...

DanUK's Advanced Trend Trading Strategy

Hi gododdin, Yep that's a bit better - although please note the 50/50 is not a solid rule; sometimes it will be more and sometimes it might be less - but as I mentioned earlier, this will develop the more you do it! Good work so far... no doubt your ...

DanUK's Advanced Trend Trading Strategy

Hi gododdin, Yes that is how I draw the rectangles. I generally put up a single line first on the round number (this is when the chart is as zoomed out as I can get) and I then zoom in a touch and place the rectangle over the line and adjust the top ...

DanUK's Advanced Trend Trading Strategy

Hi pug123, I would start off following the big ones... USD/CHF, EUR/USD, GBP/USD, USD/JPY, AUD/USD and USD/CAD also EUR/CAD and EUR/AUD are quite nice ones to trade. I would also recommend sticking to the daily time frame. With regards to stop ...

DanUK's Advanced Trend Trading Strategy

Hi bboyomega83, I have been known to take a good looking counter trend pin but the big problem with this pin in my opinion is the location... to me it's in no mans land. What I mean to say is that it is not at a key s/r level and therefore not of ...

DanUK's Advanced Trend Trading Strategy

Why not?

DanUK's Advanced Trend Trading Strategy