Hi cspip, Well if it's an H4 move that happens whilst I am asleep I miss it. I do have the fortune of being in the UK so I am available to monitor both London and New York sessions whilst I only really miss Asia - I have found that in general most ...

DanUK's Advanced Trend Trading Strategy

No problem mate! One other thing... I didn't really read your question about the weekly charts properly: I do look at weeklies. As I mentioned, I look at them for support and resistance but I do also look at them for guidance and analysis. Although ...

DanUK's Advanced Trend Trading Strategy

Hi gododdin, Thanks for your questions... I have put my responses in blue below and hopefully it should help to clear things up a little more: 1. First of all you identify a trend on the daily by zooming out as far as possible. Let's assume you've ...

DanUK's Advanced Trend Trading Strategy

Trade Management — Before I begin I must remind you that trend trading strategies tend to have a lower number of profitable trades and a higher number of breakeven or losing trades however if you manage to overcome the temptation to close your ...

DanUK's Advanced Trend Trading Strategy

Hi jaddy, Do you mean how often do you get good entries or how often do you get entries that yield such high profits? There are at least a couple of good setups that present themselves every day (depending on how many pairs you watch). However, and ...

DanUK's Advanced Trend Trading Strategy

Trade Management — Hi guys, Sorry I know I said I would go into trade management in full detail but I've had a bit of a hectic evening and haven't quite got the time to do it now. I will do it tomorrow though! Just as a little spoiler though, ...

DanUK's Advanced Trend Trading Strategy

Lucky you!! I don't seem to be getting enough sleep these days! I wait for the break of the candle - normally by 5 to 10 pips. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Example — Just wanted to post a quick chart of a setup that happened on NZD/USD earlier today; a nice little hammer that formed at the 0.7200 level (trendline and 50% level). Just as a quick example and to prove that I didn't cherry pick my ...

DanUK's Advanced Trend Trading Strategy

Hello kk007, Thank you for the link and great question! I must admit I haven't read the book but I have just had a look at your thread and I must admit I'm not entirely surprised! I imagine that the statistics are based on trading any candlestick ...

DanUK's Advanced Trend Trading Strategy

Thanks! — Hi guys, I'm cluttering the thread a little with all my replies so I would just like to thank everyone else (Ezzy, Tenapenny, Daxness, desperate and Sim) for wishing me/the thread well! I look forward and welcome everyone getting ...

DanUK's Advanced Trend Trading Strategy

Lol! Sorry I missed that! I do remember talking about creating a document to summarise my trading - hopefully this thread should do that though! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi Sylar, Thanks for the compliment! Yes I do still trade when price is consolidating but I tend to stick with the trend side of it unless I get a particularly good counter-trend signal (which I will come to later on). Regards, Dan

DanUK's Advanced Trend Trading Strategy

Lol! Good post - made me laugh!

DanUK's Advanced Trend Trading Strategy

Thanks Trooper! We'll skip the court martial this time!

DanUK's Advanced Trend Trading Strategy

Thanks bez! Hope you will be joining in too!

DanUK's Advanced Trend Trading Strategy

Hi Gododdin, Thank you! I too prefer to watch the daily charts (although I do trade H4 as well) as the trend is much more easily definable and reliable. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi laranja, Thank you! Yes you are right - in order to understand the trend it is best to zoom out as far as you can to get the "big picture". Also, if you are looking at a 4 hour chart I would move up to daily and analyse where we are in relation ...

DanUK's Advanced Trend Trading Strategy

Thank you Trotty!

DanUK's Advanced Trend Trading Strategy

Thank you tradpat! I see you have a thread about candlestick trading too... I will have to stop in and check it out! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Thank you CP - I look forward to more of your posts here!

DanUK's Advanced Trend Trading Strategy