Yeah I agree with you. I will be watching that area to see what happens next.

DanUK Simple EUR/USD Trading Journal 2009

No you're not missing anything! I meant to sit back and wait after posting the order... i.e. to see what happens with the trade!

DanUK Simple EUR/USD Trading Journal 2009

A close up...

DanUK Simple EUR/USD Trading Journal 2009

Hi guys, I have attached a picture of my EUR/USD chart. For me, 1.4150 appears to be an important level of support & resistance. It also coincides with an upward trendline which I like! It is below the 50% fib level (closer to the 61.8% fib level) ...

DanUK Simple EUR/USD Trading Journal 2009

Hi Fxacs, I am hoping that we will see both pairs resume their upward path this week. I agree too that there could be room for a bit more retracement on GBP. As for Monday morning trading... I am not sure, I suppose it depends what time zone you are ...

DanUK Simple EUR/USD Trading Journal 2009

[COLOR=black][FONT=Verdana]Hi Garyfb, Thanks for your kind words. I am glad to have been of some assistance! I do not currently trade for a living. I have a full time job that I enjoy and I am using my Forex trading to provide an early retirement ...

DanUK Simple EUR/USD Trading Journal 2009

Yep... you wait all that time for price to go where you want it and then it does it on NFP Friday! At least we can have a break over the weekend and come back to trading with a fresh outlook on Monday!

Trend Trading Chart Thread

Hi Joe T, Just thought I would add this so that I don't mislead anyone... I only use the 1 hour chart to look for that reversal pattern that we discussed - I don't use it for trend analysis! Price is moving down at the moment so you should get a ...

Jacko's Forex House of Pleasure and Pain

Hi Fxacs, I will be interested at 1.4300 or below - once we get down there I will be looking at how price reacts to the round number support/resistance levels in order to get my actual entry. Regards, Dan

Trend Trading Chart Thread

Hello again Joe T, I have been trading this way with success for some time now so I can say that this approach is in the right area (although I still feel 25 pips is a bit tight... but that's just me!). Can I ask though... when you are talking about ...

Jacko's Forex House of Pleasure and Pain

Hi Joe T, This is a good question. I too would like to know what the actual "Jacko" way of entering the trade is... although it might just be a "gut" call. I have been doing something similar to what you suggested although I have waited for price to ...

Jacko's Forex House of Pleasure and Pain

Hi moosley, I am waiting for a setup on this pair but not at the current price. What price are you thinking of? Regards, Dan

Trend Trading Chart Thread

Looks like this one could be setting up now... have you got your trigger finger ready!?

Trend Trading Chart Thread

Yep that's one to watch; coincides with the 38.2 fib level too. If it runs into trouble there we may not see 1.66. The only problem for me at that level is that the trendline is still a bit far away... unless it takes a while to get there!! I will ...

Trend Trading Chart Thread

End of July 2009 Results — July was a slow month for me. Both E/U and G/U were predominantly stuck in a range which presented very few opportunities to trend-trade. Overall I am still happy that I had a positive month of course! EUR/USD Total ...

DanUK Simple EUR/USD Trading Journal 2009

Hi, I think PA setups are definitely worth watching - and if you get a good setup at an area you are watching then it adds one more reason to pull the trigger. I think confluence is the word that people like to use and I am all for it! I know what ...

DanUK Simple EUR/USD Trading Journal 2009

GBP/USD Chart — Not sure if anyone is watching G/U at the moment but I will be watching the 1.6600 area if we start to see price retrace a bit.

Trend Trading Chart Thread

Yeah, using the right tools a range bound market can offer some great opportunities. I still prefer to be on the trend side of it though. I was actually involved in a short on USD/CHF last week; 8 hour pin off the 1.0900 level. It was a very quick ...

Trend Trading Chart Thread

GBP/USD Chart — To get things started off I thought I would share my most recent position (last week) on G/U. Price didn't quite get to the 50% fib retracement level - if it did then I may have thought it a perfect setup! But we did get to the ...

Trend Trading Chart Thread

My mistake... I've added the link to the first post

Trend Trading Chart Thread