Hi, Welcome aboard! I hope the thread continues to grow as I am convinced this type of trading is one of the best ways to do it! G/U is still a tricky call to make... my G/U chart is looking quite bearish but still stuck within a range however my ...

Trend Trading Chart Thread

Hi, Yes it does look to me like we may be breaking the 4H trendline so we could be seeing price drop a couple of hundred pips (please see my previous post). I won't be trading it down (although I'm sure many will). I will be looking for a long ...

DanUK Simple EUR/USD Trading Journal 2009

[quote=coolshades;3069749]this is one hell of a bull run. will be interested to see what happens at the 1.48-49 region. i presume you are sitting out for the time being Hi, No I am in at the moment... I was lucky enough to get a long position at ...

DanUK Simple EUR/USD Trading Journal 2009

Trade Update — The sellers won this time! My trade got closed out at breakeven. My G/U chart is starting to look a little bearish... but my E/U chart is most definitely bullish. I am not too keen on trading these two currencies in different ...

DanUK Simple EUR/USD Trading Journal 2009

I'm open to any really... if there is a clear trend then I am interested. AUD/USD is one I am definitely watching. Theory is good... too many people jump into trading without grasping any of the theory behind it... which is half the reason so many ...

Trend Trading Chart Thread

Hi, Yes using something like ADR may work. The thing is that you tend to find out what works best when you actually put it to practice. For instance, some time ago I was asked whether I thought a 100 pip stop was appropriate for G/U considering I ...

Trend Trading Chart Thread

Hi, Yes you are correct - I use the same method but different stop sizes. For example on a lot of my stock trades I am using 10 or 20 point stops because that is what is appropriate. I do not have a specific formula for calculating stop sizes. You ...

Trend Trading Chart Thread

[quote=coolshades;3068612]Dan, would you mind posting a chart on this? thks. I mean the steep trendline that price has been bouncing off of in the most recent bull run. I have attached a chart.

DanUK Simple EUR/USD Trading Journal 2009

Hi, I can't get to metatrader at the moment so the pips may differ very slightly but the attached chart is generally what I am seeing. I favour a long position (which I am currently in) and am looking for the new/developing 4H down trendline to be ...

DanUK Simple EUR/USD Trading Journal 2009

Quick Update... E/U is heading back down to that trendline... I wonder if this could be the one that breaks??? G/U is currently battling a 4H down trendline... if we get below 1.6500 I want to see the 4H up trendline hold if we are going to see ...

DanUK Simple EUR/USD Trading Journal 2009

Yes it would certainly be interesting to see if we could get past the 1.48 area. If we did and price managed to hold above then I don't think we would be seeing the 1.44/1.45 area again!? However, I think we will see a retracement before going ...

Jacko's Forex House of Pleasure and Pain

Hi Opium, Yes I will pretty much trade anything that trends! That includes other markets too! I do keep separate accounts for my different types of trading though (although they are all based on this trend trading method). My main account (my big ...

Trend Trading Chart Thread

Hi, Yes I would agree with what you are suggesting. If price retraces now I will be looking to get in long again at a discount. However, as you mentioned, if price can get above and stay above the 1.48-1.49 area then I would think about getting in ...

DanUK Simple EUR/USD Trading Journal 2009

Hi IliaM, I currently have a long position open from 1.4250 (stop currently at 1.4650); the 4H trendline it has been following has held well but it is pretty steep which tends to mean it won't go on forever! I am absolutely still in favour of a long ...

Jacko's Forex House of Pleasure and Pain

Trade Update - 17 September 2009 — GBP/USD Trade Update I have now moved my stop up to breakeven on my G/U trade. Hopefully today will be the decider... either we are going to go up or I'll get closed! Time will tell! Regards, Dan

DanUK Simple EUR/USD Trading Journal 2009

Hi Ludo, Thank you for this; I did not realise that this feature existed. I will be trying this out straight away! Thanks again, Dan

DanUK Simple EUR/USD Trading Journal 2009

Hi, I would go with shotshell's recommendation (thank you shotshell) of alertfx.com. Regards, Dan

DanUK Simple EUR/USD Trading Journal 2009

Hi Dave, Thank you for your kind words; I am always pleased if I have been able to help someone out. I must admit I too used to trade lower timeframes. It can be done with success but it is hard work and requires a lot of screen time - that was the ...

DanUK Simple EUR/USD Trading Journal 2009

Sounds like you're ok for that beer then! There are some websites where you can set an alert to you get an email or text message when price gets to a certain area. You can also set an audio alert in Metatrader to do the same thing. Or you ...

DanUK Simple EUR/USD Trading Journal 2009

Hi, Congratulations on the U/J success. That's pretty much how I would have played it. Once we got to that trouble zone the best thing to do was tighten your stop loss so that if the trend did reverse, which it did, you got out with a profit. The ...

DanUK Simple EUR/USD Trading Journal 2009