Off topic! — For Nick...

DanUK Simple EUR/USD Trading Journal 2009

Hi, I appreciate that point; however if this thread is just Jacko turtles posting how much they have made by following Jacko in his private group then it becomes just an advert for something that goes on outside of this forum. If that happens then ...

Jacko's Forex House of Pleasure and Pain

Agree — I totally agree with you Garrye - I tried to warn people some time ago that this place was going way off track. No longer is it a place for people interested in learning how to trade this method; it has become a boasting ground for how ...

Jacko's Forex House of Pleasure and Pain

No problem mate!

DanUK Simple EUR/USD Trading Journal 2009

Hi Garrye, Thanks for your comments. I do trade stocks, as you mentioned, using fundamental analysis and some technical for entries but I find that analysing the fundamentals of stocks is comparatively easy... it's all about earnings and growth. In ...

DanUK Simple EUR/USD Trading Journal 2009

As William once said "Manners maketh man"

Silent Service Method

With constant ongoing discussion of how to join the commercial private blog is it really surprising?

Jacko's Forex House of Pleasure and Pain

Hi, It depends very much on the individual situation. In most cases I would say no - I try to trade only in the direction of the main trend. That way I am more likely to profit and if I am wrong I can use the anti-hedge strategy to pick up my losses ...

DanUK Simple EUR/USD Trading Journal 2009

Hi, I'll start with Q2... I would have said that a "possible" downtrend started around the 29th June however there was still a rising trendline on the daily charts to break and most importantly the 1.6000 level. Until that happens my overall bias ...

DanUK Simple EUR/USD Trading Journal 2009

Hi, Sorry I think you misunderstood what I meant. I draw my major support and resistance lines using a weekly chart - as you mentioned. These lines are used for trend analysis - they are not the only areas I use to trade. My analysis of the trend is ...

DanUK Simple EUR/USD Trading Journal 2009

Man this is a shame. I'd like to pay my respects to this thread and all the work Chris has put into it. What Chris taught here really helped my trading (even though I don't follow his whole method) and it would be a shame for anyone to miss out on ...

Silent Service Method

Hi billye, I'm sorry I must have missed your question before. Yes you are correct; although I primarily trade off of the 4 hour chart I do also plot the daily trendlines so that I am aware of the bigger picture. I can't seem to find your original ...

DanUK Simple EUR/USD Trading Journal 2009

Hi Fxacs, Placing the actual order depends very much on how price is moving at the time and how price has reacted at the level before. For instance, 1.3850 on E/U has acted as very heavy support/resistance and placing a limit order at that level ...

DanUK Simple EUR/USD Trading Journal 2009

Also... just in case I wasn't clear on using the key levels for directional bias... I am not saying I will remain bullish on G/U at any price above 1.6000 - what I am trying to suggest is that as price has risen to this level - considered by myself ...

DanUK Simple EUR/USD Trading Journal 2009

Hi, I may not have explained properly. I use the key levels of support and resistance to help give me a directional bias (as well as being a good place to trade from). So while G/U remains above 1.6000 my bias is long. However, I do trade off of ...

DanUK Simple EUR/USD Trading Journal 2009

Hi GJP, Yeah there are times like this week when I haven't placed any trades; in the interest of capital preservation. I would say that on average I place one trade per week on each pair. Regards, Dan

DanUK Simple EUR/USD Trading Journal 2009

Hi Siuol, My overal bias on both pairs remains bullish. GBP/USD - Bullish above 1.6000, rising trendline and support at 1.6250 is the next area I am looking at EUR/USD - Bullish above 1.3850, rising trendline and support at 1.4000 is the next area ...

DanUK Simple EUR/USD Trading Journal 2009

Hi GJP, Yes I would say you have correctly identified the important areas. One thing to remember is it is a "zone" so we are looking for something to happen in the vicinity of it - it doesn't have to be an exact hit. I then use these "zones" as a ...

DanUK Simple EUR/USD Trading Journal 2009

Hi Kash, Thank you for your kind words - I am very glad to know that I have helped. I agree with your approach - one maybe two currencies is enough to trade well. If you have too many currencies to follow you end up with information overload!! I ...

DanUK Simple EUR/USD Trading Journal 2009

Further to my last post... here is a chart that may help to illustrate

DanUK Simple EUR/USD Trading Journal 2009