Hi mc nish, Thank you for your question. I rarely watch 1 hour charts - but it does happen occasionally. I will however only do my trend analysis on 4 hour charts and above. I would recommend thought that people only watch 4 hours and above as ...

DanUK's Advanced Trend Trading Strategy

Thank you baz!

DanUK's Advanced Trend Trading Strategy

Hi Rebel, Thank you for the compliment and active participation! Please find attached two charts of the EUR/USD - the first chart looks pretty similar to yours, with the fib drawn across the most recent swing down but I have also attached a second ...

DanUK's Advanced Trend Trading Strategy

Hi 4Xfactor, When did you PM me? I haven't intentionally ignored you - but I don't seem to have received the message! Sorry about that! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Ladies and Gentlemen, I have decided that the best way for me to move forward with the Trend Trading + Price Action discussions would be to start a new thread dedicated to it. So, may I present to you my new thread: url I hope you will all stop by ...

Trend Trading Chart Thread

Ok, that is as much as I've written so far! I haven't yet touched what is most likely the most important subject of trade management. It's getting late here now and I need to head off for a rest. If anyone is interested in this method of trading ...

DanUK's Advanced Trend Trading Strategy

Trendline Breakouts — If price is retracing against our main trend but is respecting an opposing trendline as it goes we can use that when the trendline breaks as another way to get into a move.

DanUK's Advanced Trend Trading Strategy

Inside Bars — An inside bar shows price consolidating before a breakout. The inside bar is completely engulfed by the previous bar. At a swing high I will look for a break below the “engulfing” bar and at a swing low I will look for a break ...

DanUK's Advanced Trend Trading Strategy

Bearish Engulfing/Outside Bars — A bearish engulfing or outside bar is obviously a selling signal and should form at a swing high. To classify as an engulfing bar the body should completely engulf the body of the previous bar. An outside bar ...

DanUK's Advanced Trend Trading Strategy

Bullish Engulfing/Outside Bars — A bullish engulfing or outside bar is obviously a buying signal and should form at a swing low. To classify as an engulfing bar the body should completely engulf the body of the previous bar. An outside bar ...

DanUK's Advanced Trend Trading Strategy

Shooting Star — A shooting star is a selling signal and should form at a swing high. Ideally the open and close of the bar should be contained within the previous bar (but not necessarily essential).

DanUK's Advanced Trend Trading Strategy

Hammer — A hammer is a buying signal and should form at a swing low. Ideally the open and close of the bar should be contained within the previous bar (but not necessarily essential).

DanUK's Advanced Trend Trading Strategy

Entry: Candlestick Patterns & Breakouts — Once we have a trendline or two and a fib retracement in place I will look at the round numbers that fall nearby… these will then become “areas of interest” and a place to look for an entry signal. ...

DanUK's Advanced Trend Trading Strategy

Getting A Discount: Fib Retracements — I will also use the fib retracement tool (drawn over the most recent swing in the direction of the trend) to guage how far price is retracing before I want to get in. A discount becomes of interest when ...

DanUK's Advanced Trend Trading Strategy

Getting A Discount: Trendlines — Ok, so now we know where we are looking to trade (those nice round numbers) we need an idea of where to get in. Trading with the trend is about getting in on a discount and when price retraces I use trendlines ...

DanUK's Advanced Trend Trading Strategy

Support & Resistance — In my opinion horizontal support and resistance levels are the key to the market. These are the levels where the big boys are buying and selling and that should interest us, the retail trader. Much time has been ...

DanUK's Advanced Trend Trading Strategy

This happens often and repeats throughout every time frame in the market. In this case you simply need to be aware that the daily trend could take over and so it is worth plotting the longer term (in this case – daily) trendline too so that you know ...

DanUK's Advanced Trend Trading Strategy

Is actually just a retracement in the longer term (daily) chart:

DanUK's Advanced Trend Trading Strategy

The Big Picture – Are We Actually With The Trend? — Although I will primarily trade the trend on the daily charts I also enter using H4 charts so it is important to know where you are in line with the higher trend. Let’s say for example, we ...

DanUK's Advanced Trend Trading Strategy

Heading Up or Down? – Defining The Trend — In order to define the trend we must first zoom out as far as possible. It should be clear which way price is going. If it isn’t then it is probably not worth trading! In an uptrend, each major swing ...

DanUK's Advanced Trend Trading Strategy