Best of luck Garyfb; I am in this one with you so I have my fingers crossed for both of us!

DanUK Simple EUR/USD Trading Journal 2009

Yes most likely due to your broker being a different time zone to mine.

DanUK Simple EUR/USD Trading Journal 2009

I don't trail my stops pip by pip!

Jacko's Forex House of Pleasure and Pain

IliaM, Sorry I missed your question earlier. Just for your information... I tend to use the highs or lows that have been supporting the current trend. Hope that helps! Regards, Dan

DanUK Simple EUR/USD Trading Journal 2009

Sorry... — For those people who don't follow price action setups... (it's a pin bar!)

DanUK Simple EUR/USD Trading Journal 2009

For now I would say the uptrend in EU remains intact. I was stopped out at a loss today and on further analysis I can see why. Not because the trend has changed yet but because my analysis was slightly off. I should have been looking for a bounce at ...

DanUK Simple EUR/USD Trading Journal 2009

Hi Pervaz, I am in the fortunate position of being able to monitor the market at work! Although there are the odd times (like today) when I have been out of the office all day and not been able to take advantage of the developments. If I know I am ...

DanUK Simple EUR/USD Trading Journal 2009

Another reason for waiting is that if you don't wait for that price movement of another 50 – 100 pips, you may as well have just entered the original trade with a 200 pip stop loss instead of 100 pips! Hope that makes sense!

DanUK Simple EUR/USD Trading Journal 2009

I'm not sure if you are quite there yet! Just in case I have a chart that may help...

DanUK Simple EUR/USD Trading Journal 2009

No I wouldn't say you were wrong; if that works for you then stick with it. However, for me it is still a bit too tight. In an ideal world we wouldn't have to use the AH strategy at all but if we must I prefer to wait for a minimum of 50 pips before ...

DanUK Simple EUR/USD Trading Journal 2009

What Ricky said!

DanUK Simple EUR/USD Trading Journal 2009

Did you wait for price to move past your stop loss by at least 50 pips before entering the AH orders?

DanUK Simple EUR/USD Trading Journal 2009

I'm glad you added that last bit! I take it your entry was around 1.4209? It is very annoying when that happens and you don't get the chance to AH your entry, especially when you are within a couple of pips! However, you will get another chance. We ...

DanUK Simple EUR/USD Trading Journal 2009

Hi Fxacs, Yes it is possible to have a retracement on any time frame - it just depends on your point of view. For instance I could be long at 1.4100 and someone else short at 1.4100 and we could both be right. The difference is that I was aiming for ...

DanUK Simple EUR/USD Trading Journal 2009

Hi GJP, It would seem I am in the same boat as you. My E/U trade came within an inch of it's life yesterday but just scraped through. It's still hovering around at -50 pips at the moment and I'm not convinced either way (up or down)! As they say; ...

DanUK Simple EUR/USD Trading Journal 2009

I don't think you need to worry about anyone being jealous of your daydreams!?! However if I may quote Jacko regarding timeframes: I start with weekly, then move closer in using daily, 4 hour and 1 hour to help me make a decision. Less than 4 hours ...

Jacko's Forex House of Pleasure and Pain

Ok that's cool but please remember this thread and trading strategy is really intended for longer time frames... 4 hours and above ideally.

Jacko's Forex House of Pleasure and Pain

Ok fair enough, but how does that fit in with this style of trading? I am trying to understand, using the guidelines laid out here, how you have decided upon your bias and entry points.

Jacko's Forex House of Pleasure and Pain

Bearing in mind the thread you are posting in, how have you come to your conclusions?

Jacko's Forex House of Pleasure and Pain

Hi, Yes I must admit they don't look good for longs. I got caught out on the EU trade too... I am still in it but it's looking bad at the moment! These things happen! I will have to have a very good reason to enter GU long at the moment... the ...

DanUK Simple EUR/USD Trading Journal 2009