Hi guys, Just a quick post as I'm really busy at work today (will try and post some charts when I get home tonight). My AUD/USD and EUR/CAD trades both closed out at breakeven. I have since re-entered EUR/CAD and watching price action on AUD/USD to ...

DanUK's Advanced Trend Trading Strategy

Hi IliaM, Just a quick reply via iPhone (as I'm travelling at the moment)... your stop management should reflect your assessment of the trend and your trade plan. My personal preference is to hold as we can never be sure how far a trend will run I ...

DanUK's Advanced Trend Trading Strategy

Hi Daniel, Thank you for your kind words. I am sure pivot levels have their uses (in fact I have used them on an intraday basis) but to be honest I do not consider them to be of too much importance as part of my longer term trend trading. The ...

DanUK's Advanced Trend Trading Strategy

Hi IliaM, We are on a similar page but there are just a couple of points I would like to make. 1. I agree with your support level around 1.3500 - for me this is the key aspect of the trade. 2. My chart doesn't show a real "engulfing" candle but it ...

DanUK's Advanced Trend Trading Strategy

Hi Neo, I tend to use Alpari UK for charting (via Metatrader) and trade with Oanda as well as Alpari UK. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Annoying little bugger — No, I'm not talking about Vince Cable this time. I posted this as a possible trade on my blog recently... stupidly though I decided against it!

DanUK's Advanced Trend Trading Strategy

Hi sipekan, Well I must admit I thought it was all over yesterday. But my trade managed to hang on in there, literally by the skin of it's teeth! Stop was missed by just a few pips. On reflection, I was being too greedy and should have placed a ...

DanUK's Advanced Trend Trading Strategy

Hi Ken, I have posted above my current perspective on this one (not that that necessarily means anything!) but what I would add is that if things aren't entirely clear to you (or anyone in general) the best course of action is to stay out until ...

DanUK's Advanced Trend Trading Strategy

Hi NeoRio, Yes it is by no means clear cut, no matter which way you approach it! The Euro is a bit of quandary for me in general at the moment! This is the potential setup I see (note that I have put my horizontal levels on as centralised lines to ...

DanUK's Advanced Trend Trading Strategy

Hi happypi, Certainly worth keeping an eye on...

DanUK's Advanced Trend Trading Strategy

EUR/CAD — Another possible long setup here... * * Not trade advice!!! Trade at your own risk and on your own analysis only * *

DanUK's Advanced Trend Trading Strategy

AUD/USD — I did also take the AUD/USD setup I mentioned in my blog. It's currently sitting a few pips in the red but I am still holding my position at this time.

DanUK's Advanced Trend Trading Strategy

EUR/USD — I'm watching the EUR/USD with interest today. Looking from the daily chart - if we get a hammer formation (still a few hours until close so pure speculation at this point) I will look to buy. However, I am going to prepare to trade a ...

DanUK's Advanced Trend Trading Strategy

The Week Ahead (w/c 14th February 2011) — Hi guys, I am trying to get back into the swing of doing a "weekly analysis" of a few of the majors. To save me the hassle of uploading multiple images etc I decided just to post it on my blog at: ...

DanUK's Advanced Trend Trading Strategy

Nice work as always! I wish I knew how to make those funky videos!

DanUK's Advanced Trend Trading Strategy

Hi fartist, I tend to try and let my trades run for as long as possible. As you pointed out, I tend to place my stop beyond the lower highs and then watch how price reacts when it makes it back up to those highs. If it breaks I close out and if ...

DanUK's Advanced Trend Trading Strategy

Hi Ken, Sorry for the slow response... as I mentioned in an earlier post time is a rare commodity at the moment. S/R zones can often be quite large - typically my zones on UJ are about 100 pips wide. My zones on UJ tend to be about 200 to 400 pips ...

DanUK's Advanced Trend Trading Strategy

Hi guys, Just a quick post as I only have a minute... keeping my eye on the Euro at the moment; possible buy on the cards! I will be back later this week as I know there are a couple of questions addressed to me... I'm just struggling for time at ...

DanUK's Advanced Trend Trading Strategy

Hi Ken, Thanks for your kind words! I know there is a lot of argument about timeframes around this forum but honestly I believe the longer timeframes are easier to read and more relaxed to trade. I also find they give me the freedom to not even ...

DanUK's Advanced Trend Trading Strategy

Hi happypi, I think there is a question mark over the trend on many of the Euro pairs at the moment. There seems to be a lot of strength in the Euro at the moment and I am personally more inclined to look for long positions on the EUR/USD and ...

DanUK's Advanced Trend Trading Strategy