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DanUK replied Aug 3, 2010You're on the right track there! My thinking is that if price is going down and you get a big high volume push (the high volume white bar) into support but price doesn't continue down - it goes back up; begs the question "are the pro's really ...
DanUK's Intraday Experiment
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DanUK replied Aug 3, 2010I believe the summer months are normally pretty lethargic! I'm not entirely sure why that is but it does often seem to be the case. Too many bankers on summer holidays I guess! I must admit I had a similar issue, and the problem with the Central ...
DanUK's Intraday Experiment
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DanUK replied Aug 3, 2010Hi coolshades, I must admit I don't have any "data" as such but based on my own experience I would agree with your post. I have found that in conjunction with support/resistance levels, price action and VSA provide a really good road map to the ...
DanUK's Intraday Experiment
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DanUK replied Aug 3, 2010Hi JoelD, NFP doesn't really effect my long term positions. I wouldn't trade too close to the announcement but generally it doesn't make too much difference to me. With regards to adding to my trade... it would depend on how far the EU moves before ...
Trend Trading Chart Thread
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DanUK replied Aug 3, 2010Yes quite true... I am in fact on the long side as part of my trend following work so being short didn't really feel great to me anyway!
Central Banks & Big Players
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DanUK replied Aug 3, 2010I'm not that much of a conspiracy theorist but... stop taken out to the pip
Central Banks & Big Players
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DanUK replied Aug 3, 2010Hi guys, I don't have any trades on EUR/AUD or EUR/NZD at the moment as I personally don't see much of a trend there but I am long EUR/USD and EUR/CAD so if it's European (supposed) recovery that is driving the trend you should do ok! Regards, Dan
Trend Trading Chart Thread
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DanUK replied Aug 3, 2010Oh man! I thought we were going to do it this morning! 0SL today!
Central Banks & Big Players
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DanUK replied Jul 30, 2010A little explanation is in order I think... EUR/USD... I should have been in off of 1.2500 but as I mentioned earlier I missed it. As a result my first trade was a "touch trade" off of 1.2750, a s/r level I like that fell more or less on a 50% ...
Trend Trading Chart Thread
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DanUK replied Jul 30, 2010Not that many... only in the early stages of building long term positions at the moment, I also missed the beginning of the change of trend because I was paying too much attentions to fundies and the "experts" and not paying enough attention to what ...
Trend Trading Chart Thread
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DanUK replied Jul 30, 2010Ah look and there I was adding to my positions this morning! Well actually it was just EU... adding at 1.3000. GU I would agree to wait for a bit more of a retracement... perhaps 1.5500 for me... if we get back there!
Trend Trading Chart Thread
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DanUK replied Jul 30, 2010Oh yes I forgot to reply... personally I would like to see a nice clear daily close above 6200... if you get that then I reckon it's a green light for buying. However, I should add that I don't follow that currency and don't have full charts for it ...
Trend Trading Chart Thread
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DanUK replied Jul 30, 2010Not quite... usdchf was higher up bearish outside bar (h4) off 1.09 and eurgbp was a bit lower at 0.8460 - obviously our different feeds are causing slight confusion! Regards, Dan
Trend Trading Chart Thread
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DanUK replied Jul 30, 2010No I am still trading the Central Banks system but I am not currently doing any other 15M trading... too busy at work at the moment. I am doing a similar thing on H4 charts though and I shall try and get back into posting from next week. Regards, Dan ...
Central Banks & Big Players
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DanUK replied Jul 30, 2010Funnily enough I was actually cracking open a bottle of champagne! A little tradition we have at work on Fridays! I shall endeavour to be more focused next week!
Central Banks & Big Players