Hi tradpat, I too prefer charts - pictures make things easier to explain and to understand! What charts would you like to see? Examples of past trades or do you want to look at a specific currency? Live trading charts will come at some point but I ...

DanUK's Advanced Trend Trading Strategy

Hi lite27, A live example would be helpful but I don't want to be seen to be providing signals so... what I thought would be better would be if you pull up a weekly chart and try to identify the key support and resistance levels (just as gododdin ...

DanUK's Advanced Trend Trading Strategy

Ah I see what you mean now... kind of like a "fractal" bar. I looked at using fractals to identify important highs and lows and this works quite well on the daily and weekly charts but remember that the market doesn't follow rules so strictly... ...

DanUK's Advanced Trend Trading Strategy

Hi Popeye, Thank you for you kind words! I hope I can share a little of what I have learned to help others replicate some of the same success. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Stop loss — [quote=GJP;4025039] Hi GJP, Initially I place my stop loss beyond the opposite end of my setup bar, so if I have a bearish engulfing candle that I want to short I will place my stop loss a little above the high of the candle. The ...

DanUK's Advanced Trend Trading Strategy

Hi gododdin, This is a great chart. I like it a lot - you've highlighted the important areas without over cluttering the chart. The next step is to widen these levels just a touch - think of them as zones more than to the pip lines. Think of them as ...

DanUK's Advanced Trend Trading Strategy

Hi Peter, I'm a little confused about what you mean with regards to drawing trendlines through "pivots" - could you explain that a little more please or perhaps a chart might make it clearer to me! Now, I do tend to draw my horizontal ...

DanUK's Advanced Trend Trading Strategy

Cool! Love your avatar by the way!!

DanUK's Advanced Trend Trading Strategy

Hi laranja, My take on the Euro is pretty much the same as bboyomega83's answer. Currently price is lingering just about the 1.3000 level - a daily close above this level would support the likelihood of higher prices ahead. I closed out my long term ...

DanUK's Advanced Trend Trading Strategy

[quote=GJP;4023067] Hi GJP, USD/CHF has hit the psychologically important 1.0000 level - it could prove to be a turning point in the trend so I will be watching carefully what unfolds over the next few days. I think what you are saying is that you ...

DanUK's Advanced Trend Trading Strategy

Hi Peter, You may be overcomplicating a little. The most important thing is to trade with the trend, the second is that you look for entries at high probability locations and the third is you get a valid entry signal to trade from. That's pretty ...

DanUK's Advanced Trend Trading Strategy

Hi MrCBee, Good work! USD/CHF and AUD/USD you got exactly right. USD/JPY I took the bearish engulfing bar... I also kept the first fib you mentioned because it was the most recent engulfing swing (although as you noted price had retraced into it ...

DanUK's Advanced Trend Trading Strategy

Hi gododdin, Yes that would be fine - in fact it would be a good idea for anyone who wants to join in to identify levels of support and resistance on a weekly chart. A picture is worth a thousand words, as they say, and it should be a good learning ...

DanUK's Advanced Trend Trading Strategy

Guys I think I have caused a little confusion with all the discussions of different time frames etc. So for now I would like everyone who wants to learn to trade with the trend to do the following only: 1. Pull up a weekly chart and draw your ...

DanUK's Advanced Trend Trading Strategy

Hi, I have now replied to your other question (apologies for the delay I don't have the time to do much intraday stuff at the moment). With regards to the AUD/CAD - when you say "potential in the high set today" do you mean potential to sell it? ...

DanUK's Advanced Trend Trading Strategy

Hi, I think what you are referring too is a buying climax into resistance? If price is making a swing high and we get a buying climax into it (at a resistance level) and this is followed by a move back down (i.e. in the next candle) it signals a ...

DanUK's Intraday Experiment

Hi Peter, No not really. Is there anything in particular you had in mind? The only thing I wait for is the close of the setup candle... once that is done I will decide whether or not to trade. Regards, Dan

DanUK's Advanced Trend Trading Strategy

You're welcome!

DanUK's Advanced Trend Trading Strategy

Hello lite27, Yes there are indeed some currencies lining up and ready to trade however I don't want to post any at the moment! Once I've finished explaining the strategy I will look to start posting potential trades and hope others will join in and ...

DanUK's Advanced Trend Trading Strategy

Very good idea MrCBee! I do have a couple of long term trades open - I'll start off with a couple of easy trades (as of this moment they are)... USD/CHF (H4) +260 pips USD/JPY (Daily) +820 pips AUD/USD (Daily) +880 pips Regards, Dan PS... Anyone ...

DanUK's Advanced Trend Trading Strategy