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DanUK replied Mar 7, 2011Trade No 11 - AUD/USD — Sold AUD/USD @ 1.0174 after rejection of supply area... will be managing careful with these potential zones in mind...
DanUK's Intraday Experiment
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DanUK replied Mar 7, 2011Trade No 10 - USD/JPY — Sold USD/JPY @ 82.05 after testing support turned resistance, targetting lower demand level.
DanUK's Intraday Experiment
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DanUK replied Mar 5, 2011Ok that's it for now... I will continue trading and posting as close to live trades as I can, next week.
DanUK's Intraday Experiment
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DanUK replied Mar 5, 2011Trade No 9 - USD/CHF — Final one for the week was long USD/CHF @ 0.9267. This one was slightly different in that I traded a "support turned resistance" level. This one achieved the 2/3 target at 1:1 quite quickly and I have left the remainder ...
DanUK's Intraday Experiment
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DanUK replied Mar 5, 2011Trade No 8 - USD/CAD — My earlier trade (Trade No 2) took a while but eventually hit it's target on Friday. The target was the lower demand level which I then took as a long trade @ 0.9712. Due to uncertainty on this one I didn't really want ...
DanUK's Intraday Experiment
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DanUK replied Mar 5, 2011Trade No 7 - GBP/JPY — Short GBP/JPY @ 133.95 Stupid exposure to JPY resulted in my second -1.5% loss!
DanUK's Intraday Experiment
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DanUK replied Mar 5, 2011Trade No 6 - USD/JPY — Sold USD/JPY @ 82.40 This was my first loss -1.5% (which coincided with my second loss... see next trade)...
DanUK's Intraday Experiment
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DanUK replied Mar 5, 2011Trade No 5 - GBP/USD — Long GBP/USD @ 1.6286 This is a good example of "proactive" trade management! Price gave quite a solid rejection of previous support at 1.6305 so I tightened my stop loss to close out if price continued to fall... which ...
DanUK's Intraday Experiment
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DanUK replied Mar 5, 2011Trade No 4 - EUR/USD — Long EUR/USD @ 1.3857 2/3 off at 1:1 with remainder off at 1:2.
DanUK's Intraday Experiment
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DanUK replied Mar 5, 2011Trade No 3 - USD/JPY — Third trade was long USD/JPY @ 81.74; first and second targets hit the following day.
DanUK's Intraday Experiment
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DanUK replied Mar 5, 2011Trade No 2 - USD/CAD — Second trade was to sell USD/CAD from supply back down to demand level... short @ 0.9762. First target was achieved quite quickly but it took until Friday for the final target to hit.
DanUK's Intraday Experiment
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DanUK replied Mar 5, 2011Trade No 1 - GBP/USD — My first trade was long GBP/USD @1.6270. Two thirds of the position taken off at 1:1 and the remainder left to run to hit the upper target...
DanUK's Intraday Experiment
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DanUK replied Mar 5, 2011Journal Revival — I am re-opening this journal in an attempt to document my next endeavour into the world of intraday trading… please refer to the updated first post for explanation and then come back here for trades…
DanUK's Intraday Experiment
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DanUK replied Mar 5, 2011Took a while but this finally hit the lower target last night. I used Red's 2/3 off at 1:1 and all off at target approach which seems to work out very well. I've not scaled out of trades in the past but this seems a very interesting way to do it. I ...
Price is everything
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DanUK replied Mar 2, 2011USD/CAD — Hi guys, Sold USD/CAD after topping at what I think is previous supply. Targetting lower level. Let me know if I am doing this wrong!?! Cheers, Dan
Price is everything
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DanUK replied Mar 1, 2011Trade update... target finally hit! That was my first live trade based on the principles laid out in this thread. Hopefully the first of many more to come! Cheers, Dan
Price is everything
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DanUK replied Mar 1, 2011Hello mate, Sorry I made the update on my blog and forgot to post it here... to save me the time here is the link Regards, Dan
DanUK's Advanced Trend Trading Strategy
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DanUK replied Mar 1, 2011Hi guys, Really enjoying this thread... this is the way I have always wanted to trade but have never really gotten my head around it (still a newbie at it though!) until reading through Red's thread.
I have taken the GU trade discussed ...Price is everything