Thanks RickyR, the GU trade is flying this morning which I'm pleased about. Stop moved to 1.5300 (+100). EU trade is almost up 100 pips at the moment so stop is set to breakeven. Hopefully we'll see a little more upward momentum today before GBP CPI ...

DanUK Simple EUR/USD Trading Journal 2009

18 May 2009 — Didn't get as much of a retracement as expected today... G/U stalled again at 1.5150 and couldn't get past the upward trendline. Entered long at 1.5200. Stop loss is currently at breakeven and price is around 1.5350. E/U stalled ...

DanUK Simple EUR/USD Trading Journal 2009

Just a couple of thoughts for this week… EUR/USD – Sitting on the old daily down-trendline – could see a push back upwards but I am thinking if we do it could be short lived before retracing down to the 1.3300 area – where we have a heavy area of ...

DanUK Simple EUR/USD Trading Journal 2009

Hi fxtrader29, Thanks for taking those comments onboard graciously. By the way - congratulations on your success. In the spirit of discussing the method... what are your thoughts on the current position? I am thinking retrace down to 1.3350 area. ...

Jacko's Forex House of Pleasure and Pain

Aorafx, There are two issues here... the first is that Forex Factory doesn't allow promotion of commercial services... particularly from new members. The quote below is from Forex Factor Rule No 3: Members with less than 100 posts should refrain ...

Jacko's Forex House of Pleasure and Pain

15 May 2009 — EUR/USD - Yesterday's long (at 1.3600) is still open. Came within 10 pips of being closed at -100 earlier today but is coming back up to breakeven level at the moment! Still waiting to see where we are headed here! Edit: Closed ...

DanUK Simple EUR/USD Trading Journal 2009

That's good - if you can get comfortable trading with just price and a couple of trendlines/support and resistance lines then you are on the right path to being able to trade just about any currency or market. In the early days I used to run two ...

DanUK Simple EUR/USD Trading Journal 2009

A bit more on indicators — Some traders are strictly anti-indicators because they "lag" and some traders will trade only with the use of indicators. Personally I am happy to use an indicator so long as we understand that an indicator is simply ...

DanUK Simple EUR/USD Trading Journal 2009

Continued... The problem with this is that at times when the trend becomes "choppy" the moving averages sit in the middle (which is a signal in itself). And you can see by the attached chart that using a trendline is sufficient to guide you in the ...

DanUK Simple EUR/USD Trading Journal 2009

Hi Siuol, When I first started trend-trading I found I wasn't confident trading completely "naked" as it were. So when I came across a strategy known as the "77 Cross" - which involved three moving averages placed on a daily chart - I started to use ...

DanUK Simple EUR/USD Trading Journal 2009

Hi Siuol, You're very welcome to join in my friend. Any questions please ask... but in the meantime feel free to post here with me! Regards, Dan

DanUK Simple EUR/USD Trading Journal 2009

14 May 2009 — Yesterday's G/U trade is currently up 100 so I have moved stop to breakeven. New trade today is long E/U @ 1.3600. Seem to be in limbo-land at the moment, so I shall sit back and wait for the market to show me the way!

DanUK Simple EUR/USD Trading Journal 2009

I believe the point LJ was making is that the post doesn't really help to teach the method that this thread was started to teach. This thread shouldn't be about discussing how many pips your or I have made with or without the private group (we can ...

Jacko's Forex House of Pleasure and Pain

Yeah, try here: url Regards, Dan

Indicator???

13 May 2009 — GBP/USD Long @ 1.5150 Reasons: rejection of 1.5100, upward trendline and 50% fib area

DanUK Simple EUR/USD Trading Journal 2009

What do you mean?

Jacko's Forex House of Pleasure and Pain

That's fine - nothing wrong with counter trend trading, if you can pull it off - but newbies to the thread/method should only be trading in the direction of the trend.

Jacko's Forex House of Pleasure and Pain

Trading Method — For the very small number of people who are interested in my entry/exit criteria etc I have now updated the first post with a bit more info and a couple of charts to help explain what I am up to!!

DanUK Simple EUR/USD Trading Journal 2009

12 May 2009 — Trade Update GBP/USD Long Closed @ 1.5200 (+100) EUR/USD Long Closed @ 1.3600 (+300)

DanUK Simple EUR/USD Trading Journal 2009

Hi footy, I didn't really summarise my entry rules for this system as it is just a journal to keep track of what I am doing. I have had a few people PM me and ask what I am doing so I guess I should make it a bit clearer. I will try and put ...

DanUK Simple EUR/USD Trading Journal 2009