Hi IliaM, That is unfortunate. Is your broker playing tricks on you! If the trade has gone by up to 25 pips then I may get in but if it's over that I would probably pass on it! It's one of those unfortunate things about trading. Regards, Dan

DanUK Simple EUR/USD Trading Journal 2009

Hi Andy, I am quite conservative about a proven change of direction. Generally I like to see the break and retest of a major trendline... that is one that price has been respecting over a long period of time and ideally shows up on a daily chart as ...

DanUK Simple EUR/USD Trading Journal 2009

Hi, Personally I am all in or all out... I prefer to trade that way because it is simple, and I try to do things as simply as possible! I can see the benefits of buying in stages and I wouldn't argue against doing it, but it's not for me! Regards, ...

DanUK Simple EUR/USD Trading Journal 2009

Nice one! I'm a big Jag fan too... as you can probably tell from my picture! I've been seriously considering getting the new XKR but at the moment I am putting all my savings into my trading accounts! Regards, Dan

DanUK Simple EUR/USD Trading Journal 2009

That's ok!

Trend Trading Chart Thread

No problem!

DanUK Simple EUR/USD Trading Journal 2009

Hi Pipalicious, Yep, I agree with your thoughts. I am in at 1.6200 too; so it's time to sit back and wait. "So i´ll just let it do what its got to do." That's it - let the market work; don't mess with the trade - even if it goes wrong. Stick to your ...

DanUK Simple EUR/USD Trading Journal 2009

Hi Castlerock, I too am in (long) at 1.6200. In my opinion it is a reasonable place to take a trade but not under the best circumstances (i.e. due to the fact that we don't have any real trend defined yet). Time to sit back and let the market ...

DanUK Simple EUR/USD Trading Journal 2009

Hi Xj8, Are you a Jaguar fan by any chance? I used to have an XJ8 - it was a beautiful car! Ideally for a support line to be broken & confirmed what I would like to see is for it to break past the support line; say for example our support line is at ...

DanUK Simple EUR/USD Trading Journal 2009

Hi Pipalicious, My personal preference is to wait for a bigger discount... I am thinking somewhere around 1.8500; if I may refer you to this post: url My chart looks a fair bit like the second one you posted. There is of course the possibility ...

Trend Trading Chart Thread

Hi fxacs, The lower support trendline that price is currently pushing on. I agree with 1.6000 - 1.6100 as a key support level - if this gets broken then we could be going down! Regards, Dan

DanUK Simple EUR/USD Trading Journal 2009

Hi FxClown, Welcome aboard! I recommend the slow and steady approach! I am thinking along the same lines as you. Price is currently at the lower support line which seems to be holding at the moment. If it does, I will be going for a long position! ...

Trend Trading Chart Thread

Hi Fxacs, Yes I thought the trend was going to resume too... but it hasn't yet! We are now at the lower level of the current range so I am watching to see how the trendline will hold. If it holds then I am thinking about going long. I am watching ...

DanUK Simple EUR/USD Trading Journal 2009

Hi Andy, I have attached a chart that should help explain. My decision was essentially how you described it. My overall bias was still long despite being in a range - so my preferred trades would be to go long at the bottom and be careful at the ...

DanUK Simple EUR/USD Trading Journal 2009

Something to talk about on a forum I would guess!

Jacko's Forex House of Pleasure and Pain

Hi Andy, No I don't do a pip by pip move. I move my stop loss every 100 pips... so if I went long at 1.4000 I would move to breakeven once price hit 1.4100 and then I would move my stop to +100 when price hit 1.4200. The only time I might do ...

DanUK Simple EUR/USD Trading Journal 2009

Hi Pipalicious, Probably the easiest way to answer is if I quote you below and answer in red... When you say you got in @ 0.8300, do you only enter in 50 fibs retracement or are you "flexible" with this (23.6 - 38.2 - 61.8) as long as theres ...

Trend Trading Chart Thread

Thank you, that's very nice of you to say. Yes I agree; I do not trade the 50% level blindly - I use it as a guide only. When the market is trending you can use the 50% level as a kind of "this price... or better" level. If that makes sense!? When ...

DanUK Simple EUR/USD Trading Journal 2009

Hi Pipscalibur, Yes I like A/U for a long. I currently have a long open on A/U on my mini-account from 0.8300, which I will keep trailing with a 100 pip stop (currently at 0.8600). My view is a little more zoomed out than yours I think... if we do ...

Trend Trading Chart Thread

Hi Shotshell, Yes no problem... But first I shall just update my trade situation: E/U trade has closed at 1.4650 for +400 pips. No other positions open at this time. Ok, back to the E/U trendline... I have attached an H4 chart showing the trendline ...

DanUK Simple EUR/USD Trading Journal 2009