Hi, My A/U trade closed today for +100 pips and I will be looking at re-entering today; I am thinking about 0.9200. My E/U trade came within 3 pips of it's life this morning so I haven't got any plans on that unless price heads back down - in which ...

Trend Trading Chart Thread

Hi, I know you've already discussed this with coolshades and I think you have come to the right conclusions. However I did just want to confirm what coolshades said in that just because we haven't seen a lower high (or for example if a trendline was ...

DanUK Simple EUR/USD Trading Journal 2009

Hi ST, Yes it is still the same method (although some discussion in the earlier days included references to indicators that I have since ditched). The first post outlines how I trade really. Regards, Dan

DanUK Simple EUR/USD Trading Journal 2009

Hi Zol, Welcome aboard... feel free to chime in whenever you want. Regards, Dan

DanUK Simple EUR/USD Trading Journal 2009

Hi Ian, Thanks! Welcome aboard & feel free to post anytime! Regards, Dan

DanUK Simple EUR/USD Trading Journal 2009

Hi Pip, Those results are for my E/U and G/U trades only. My other trades (USD/CAD, AUD/USD etc) which I do not track here are on a very small account and are more for filling in time in-between my main trades than for business! Although my last ...

DanUK Simple EUR/USD Trading Journal 2009

Hi BR, I don't trail my stop pip by pip - I trail my stop 100 pips at a time - this is just a personal preference of mine. So I went long at 1.4850, moved my stop to breakeven when price hit 1.4950 then as price hit 1.5050 I moved my stop to 1.4950 ...

Jacko's Forex House of Pleasure and Pain

Hi XJ8, I think this is an important point – building experience and confidence are both vital on the path to becoming a trader. It is also important to be aware of how price reacts to your level when it gets there – if you have a trendline that has ...

Trend Trading Chart Thread

Hi Garrye, I have a long open from 1.4850 which is looking good now so I am hoping to see higher highs! Regards, Dan

Jacko's Forex House of Pleasure and Pain

Hi Garrye, What move was not expected? Regards, Dan

Jacko's Forex House of Pleasure and Pain

Hi, Welcome aboard! Grab yourself a demo account and start practicing - demo accounts are really useful in the learning process because hands on experience is such a powerful learning tool. Keep it demo until you get good though! Regards, Dan

DanUK Simple EUR/USD Trading Journal 2009

Hi Pip, Yes that was from currency trading only which accounts for about 80% of my trading activity. I do also trade stocks but on daily charts with a slightly longer term trade outlook so they are in a seperate account. The overall strategy is the ...

DanUK Simple EUR/USD Trading Journal 2009

Hi Pip, Please take a look at the attached E/U chart – it is a H4 chart of August this year. The trend was up before we hit a bit of congestion where price was pretty much range-bound throughout the month of August. Note that the predominant trend ...

Trend Trading Chart Thread

Something I would just like to add about the A-H trade. The idea is to get losses back but also to let the trade one and hopefully turn a profit. Basically the idea is that the A-H strategy is an alternative to hedging a trade. So for example ...

Trend Trading Chart Thread

Hi, It's not an indicator - all you do is go into the fib tool properties and add %$ to the end of the description on the fib levels - this should show the price as well as the level. Regards, Dan

Trend Trading Chart Thread

Hi, Thank you for your comments. This method is definitely profitable but part of it's power is it's simplicity. I used to think I needed to add another dimension (such as candle stick reversal patterns etc) to make it profitable but to be honest it ...

Trend Trading Chart Thread

Absolutely - the purpose of this method is to follow the trend not to predict a change in trend.

Trend Trading Chart Thread

Actually I looked into using the Joe Ross strategy some time ago. I also looked at using bar/candlestick formations (pin bars etc) as a trigger but in the end I found that the 50 pip move was statistically good enough to confirm a move back in the ...

Trend Trading Chart Thread

Hi Pip, I started trading this method (although originally I used a few indicators to help me... which I have since left behind) before I started this thread. I have probably traded this way for about two years now but it was only really this year ...

DanUK Simple EUR/USD Trading Journal 2009

Hi Pip, Yes you are correct - although I try to make my trading as mechanical as possible, sometimes it is necessary to make a judgement call based on the principles we have laid down. E/U hit 1.4801 which is good enough for me and A/U was traded ...

DanUK Simple EUR/USD Trading Journal 2009