Hello again bug, Do you ever use trendlines in your analysis? They can be used on any timeframe. Regards, Dan

New member looking for a little advice and handholding

Ok. Perhaps I should have been a little more specific. When I talked of increasing my chance of winning I meant overall; the big picture. I accept and agree that any individual trade can go against you for (seemingly) no apparant reason. Let me just ...

Stop fooling yourself; There is no system

Ok, I am not going to argue for the sake of arguing. My point is that if you know what you are doing then you are not blindly jumping in hoping that you get lucky. My reasons for taking a trade do increase my chances of being right. I trade based on ...

Stop fooling yourself; There is no system

I think it's a good idea - actually part of the reason for starting this thread was to post trade setups and ideas before they happen, partly for the learning experience for newbies and partly for those of us trading this method to share trades as ...

Trend Trading Chart Thread

Someone had to say something!

Trend Trading Chart Thread

Hi Kan, Please be careful that you don't try and watch too many pairs; otherwise you run the risk of overloading your brain. I only trade about 6 forex pairs - trust me that is plenty. Regards, Dan PS... I know of the other trading thread and whilst ...

Trend Trading Chart Thread

Indeed... though if you are a good driver you take every necessary step and precaution to ensure you get to where you want to go without coming into trouble. Roulette is chance - pure and simple. There is no logic to the outcome, just lucky if you ...

Stop fooling yourself; There is no system

No I'm afraid not. This is just a trading journal not a signal service. However, those of us that follow this method do discuss potential trades and often post setups as they occur at this thread: url Cheers.

DanUK Simple EUR/USD Trading Journal 2009

Then you may as well say that everything we do (in life) is gambling. Running any business is a gamble. Driving to work in the morning is a gamble (we can't guarantee we will make it there). So we need to view this with a little perspective. It's ...

Stop fooling yourself; There is no system

Hi Carrot, There are two reasons why I didn't trade the daily trendline. The first (and most important reason) is because I trade the H4 timeframe - at that time the H4 trend was up. However I keep an eye on the dailies for things like this ...

Trend Trading Chart Thread

Hi Kan, Well the foreign exchange market is simply a mechanism for exchanging one type of money to another and is more used for large business transactions rather than speculators. As with any market, the outcome of price movement is determined by ...

Trend Trading Chart Thread

Hi BR, It seems there are a few threads out there that a full of BS... like you say it's probably an ego thing. Another one of my pet hates are the threads full of people saying "I just sold G/U off of my super magical resistance trend-line device ...

Trend Trading Chart Thread

That trendline was drawn from the daily chart which will at times show H4 candles "through" it.

Trend Trading Chart Thread

Reading a Trend — It makes me laugh how traders will continually try to bet against the trend. Why? I don't get it... go with the flow, don't fight it! I was just reading some other threads (you know the type where everyone is making trade ...

Trend Trading Chart Thread

Hi bug, Can I ask how you determine the trend on your daily chart (sorry if I missed this... if I did please point me to it)? In my view, if you can define the daily trend then you should really be able to use the same criteria to define the trend ...

New member looking for a little advice and handholding

Yes absolutely. I trade based on trendlines and support and resistance levels - it works on all markets in all timeframes (the longer the better though... of course!). Regards, Dan

Do your trading systems also work on stock indices?

Why would you not set a stop loss? The idea of a stop loss is that at that point you no longer consider your trade or analysis to be correct therefore you cut your loss. It also defines your risk... which as a trader, you are supposed to be ...

successful trader without stop loss?

Yes I still use the 100 pip sl for all the main pairs that I trade... although I have adapted my trail stop very slightly; I do still move my stop manually but I will also use discretion when price hits horizontal s/r levels.

Trend Trading Chart Thread

Hi Coolshades, I don't see 1.4850 on eur/cad as being an "area of interest" at the moment. Care to share a chart? Regards, Dan

Trend Trading Chart Thread

I'm still in my usdchf short from 1.0350: url & url Will take a look at e/c now. Regards, Dan

Trend Trading Chart Thread