Hi guys, Just wanted to say Merry Christmas and a Happy New Year to everyone who has contributed to this little thread so far! I hope 2010 continues to bring us success, health and happiness! Regards, Dan

Trend Trading Chart Thread

Hi, There is a good chance that the trend has changed at least for the short term however as it is the festive season the current trend may not reflect the "long term" outlook for any currency. My advice would be to hang up the charts for 2009 and ...

Trend Trading Chart Thread

Christmas Trading — Hi guys, I thought I would just post a quick chart and some thoughts about Christmas trading. We all know this time of year all the big boys are filling their days with mince pies and Champagne so liquidity in the ...

Trend Trading Chart Thread

The thing to remember is that markets change based on sentiment and who is participating in it - at this time of year liquidity is always low (which I can only assume is down to all the big boys living it up with lots of Champagne Christmas ...

Jacko's Forex House of Pleasure and Pain

Thanks Porkpie, Merry Christmas to you too!

Trend Trading Chart Thread

Hi, I trade stock CFD's and I find the stock market easier to trade - but I think that is because I have much more experience in stock trading than forex trading. I trade stocks based on my fundamental opinion of them and use technical analysis to ...

trading stock CFD's

Hi Bazooki, I haven't posted anything lately as I've decided to wrap up my trading for 2009 and take an early Christmas break! I am not keen on trading at this time of year unless there are really good signals... which there aren't at the moment (on ...

Trend Trading Chart Thread

Hi Gazbah, Thanks - I'm sure you will get there; it takes a little while but with more and more practice things start to fall into place! I've pretty much wrapped up my forex trading for 2009 so I will have some spare time to put pen to paper ...

DanUK Simple EUR/USD Trading Journal 2009

Hi PJ, My strategy is a splicing together of a few different teachings. I haven't got a written summary as such but I will try and put something together and post it as soon as I can. The first post of this thread outlines my general strategy... if ...

DanUK Simple EUR/USD Trading Journal 2009

Hi, I agree price closed below the daily trend line however if you have a look at a 300 bar H4 chart...

Jacko's Forex House of Pleasure and Pain

Hi, The most important difference here is that E/U is trending and G/U is not. So I wouldn't read too much into the comparison of the two charts at the moment. Back to your question... it is a hard one to answer without having a chart to show what I ...

DanUK Simple EUR/USD Trading Journal 2009

Hi Pip, Yes that's right - particularly if the area coincides with a trendline or major horizontal support/resistance level. But again I should add that the 50% level only works well when a currency is trending... which G/U isn't really at present. ...

DanUK Simple EUR/USD Trading Journal 2009

Hi Jason, On E/U the longest I've held a position is about two weeks however G/U probably only three or four days. Regards, Dan

DanUK Simple EUR/USD Trading Journal 2009

Hi, Yes that's right - although there is no harm in drawing the smaller fib too - just keep in mind the "big picture" fib! Regards, Dan

DanUK Simple EUR/USD Trading Journal 2009

Hi artie, That looks ok, however I still have the most recent engulfing swing showing on my charts as the high of that move has not been broken yet. I am keen to see what happens in the 1.4800 - 1.4900 area. Regards, Dan

DanUK Simple EUR/USD Trading Journal 2009

Hi, Yes 1.6500 is right for the most recent move up that I would measure however I would just note that G/U is still not in a real trend so the 50% "tool" is not so useful. With regards to redrawing fibs - it depends if a move exceeds the high or ...

DanUK Simple EUR/USD Trading Journal 2009

Royal Navy!?!

Trend Trading Chart Thread

Hi Bazooki, A bit of both actually. I do set price alerts for my "areas of interest" but I also check my charts pretty frequently (during London hours and the start of New York - after that I don't check so much). Regards, Dan

Trend Trading Chart Thread

Hi, Please see the attached charts. The first is the daily trendline (for guidance) and the second shows the H4 trendline and fib placement (to trade off). Regards, Dan

DanUK Simple EUR/USD Trading Journal 2009

1. Stay away from the indicator trap. 2. Check out Jacko's Forex House of Pleasure & Pain (on Forex Factory). Good luck!

Just finished forex education, what should be my next path?