Closed at -20 pips in the end

DanUK's Advanced Trend Trading Strategy

I think I cursed the trade... price tanked! Got my finger on the button, ready to pull the plug! Will update shortly.

DanUK's Advanced Trend Trading Strategy

I almost added to my EUR/USD position too but the price action didn't feel quite right to me... wrong on that one!

DanUK's Advanced Trend Trading Strategy

Hi guys, I don't really like posting my trades here because I am unable to do so in real time (due to being at work!) so I have posted it on my blog here: link Basically I managed to get back in on the EUR/CAD long. I am watching PA carefully at the ...

DanUK's Advanced Trend Trading Strategy

Hi Milan, I manage my trade as appropriate to market conditions as I can. I am also more concerned with where price ended up than where it spiked... and in this particular instance it was the third spike up (the candle you mentioned) that concerned ...

DanUK's Advanced Trend Trading Strategy

Speaking of the AUD/USD - I am a bit annoyed with myself at the moment. My first trade off of 1.0000 got stopped out at breakeven and then due to being busy with "other things" (i.e. my actual job lol!!) I missed the next entry which so far appears ...

DanUK's Advanced Trend Trading Strategy

Again, this would be counter-trend and therefore not applicable to this strategy. It may be a fair trade but doesn't belong here (no offense intended). Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi 0Bid, I'm not sure that anyone could tell you if this is a good "opportunity" or not. You would have to be able to predict the future to know that for certain! It is however counter-trend and therefore not a trade I would advocate. My preferred ...

DanUK's Advanced Trend Trading Strategy

Hi Vitaliy, Yes I am still long on the E/U. The double top you have highlighted (at about 1.3800) is certainly possible but not tradable (based on this method) until it is broken (under 1.3500) and re-tested. If the level holds on the re-test then a ...

DanUK's Advanced Trend Trading Strategy

Hi bez3000, Yes that's a fair comment. There was no signal at the level I mentioned and therefore no trade. I've closed my earlier long on E/C for 100 pips and am looking for another entry. The next place I will be looking to is the lower support ...

DanUK's Advanced Trend Trading Strategy

Hi thorset, No I must admit I have never gotten around to writing the method into a "game plan" as such. I would say that my trading approach is more of a strategy than a system. It is based on the assumption that there is a "fundamental" reason ...

DanUK's Advanced Trend Trading Strategy

Hi Vitaliy, That's a difficult question to answer. I try not to predict the market as such but I tend to assume that the trend will continue rather than assuming the trend will change (the essence of trend trading basically). Therefore my assumption ...

DanUK's Advanced Trend Trading Strategy

AUD/JPY — Just a thought...

DanUK's Advanced Trend Trading Strategy

EUR/CAD Setup — Hi guys, Anyone thinking of buying EUR/CAD... I think we have a potential setup here. Watch for price action in the "area of interest" shown on my chart... we have confluence of re-testing the broken trendline, 50% fib ...

DanUK's Advanced Trend Trading Strategy

Hi Ilia, I am still holding my long position. Price has made it up from 1.6000 to the next key level of support/resistance in the 1.6250 area. As this is a "key" level I am not surprised to see price have a tough time trying to break through. My ...

DanUK's Advanced Trend Trading Strategy

Hi Vitaliy, No of course not, that's prefectly fine - we all had to ask the questions once. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi Vitaliy, I had a couple of reasons to favour longs over shorts. First, the descending trendline (see attached chart) was broken to the upside and then re-tested (which subsequently held). Price then broke the key support/resistance level (for me ...

DanUK's Advanced Trend Trading Strategy

Hi Ilia, Yes I would be interested if price gets down to that area. Once there you should watch for a bullish signal... such as a hammer or bullish outside/engulfing bar. Ideally you should be watching for this signal on the daily time frame or H4 ...

DanUK's Advanced Trend Trading Strategy

A quick explanation of my thought process... in the event that it might be helpful (or not!)... AUD/USD - after going long last week price slowly made it's way back up to the descending trendline (see chart). Yesterday's candle closed quite ...

DanUK's Advanced Trend Trading Strategy

Hi IliaM, The problem you have encountered here is that you are trying to go long at the top of the trend rather than waiting for a pullback and "discount" to get in. Also, I would note that 135.00 is a "key" level and as price has failed to break ...

DanUK's Advanced Trend Trading Strategy