EUR/GBP? I cud be wrong.

Identifying Market Swings - Medium and Long Term Trading

Coolshades, Aussie trades are running beyond me. First there was a long which were contrary to the daily trend. That cud be explained by the fact that we need to look at the trend in our trading TF which meant looking at the lower TF, trend did look ...

Trend Trading Chart Thread

Razorjack, I was wondering if we cud have a trade taking scenario explained. Like say today we have "CB Consumer Confidence" for the USD, how do you look at USD pairs to trade off them. I know, these news will change things in a short term but if ...

Identifying Market Swings - Medium and Long Term Trading

Lovejoy80 My chart is actually filled with TLs all with a minimum of two touches. url And actually, I am betting more on this channel : url I am not sure how you draw TL connecting all highs. Maybe you can post an example of your chart for us to ...

Trend Trading Chart Thread

Dan, you sure going long on AU is the best bet? The daily looks to be trending down and the fib drawn on the last swing down shows 0.8950 as the 50% fib line. BTW, is there a way to get exact 300-400 bars to show on the MT4 window?

DanUK Trend Trading Journal 2010

EU short?? — Dan I entered a EU short on the break of a TL, a round number near the 50% of the last swing and lastly, a reversal pattern called the hanging man. (Well, the entry was supposed to be 1.36 but thanks to my ISP , I entered at ...

Trend Trading Chart Thread

EU short?? — Dan I entered a EU short on the break of a TL, a round number near the 50% of the last swing and lastly, a reversal pattern called the hanging man. (Well, the entry was supposed to be 1.36 but thanks to my ISP , I entered at ...

DanUK Trend Trading Journal 2010

Castlerock, which 50% fib line was it?? I cant see the one you are referring to.

DanUK Trend Trading Journal 2010

That makes two. Taleb fans , I mean. The whole rant on the experts on TV was a way of explaining my doubts on fundamentals. They seem to talk a lot of fundamentals but a simple line, TL will tell you the markets direction. I have been reading ...

Identifying Market Swings - Medium and Long Term Trading

Fundametals came in picture as soon as "Dubai Crisis -> Risk Aversion -> USD being favoured -> Hey, no buyers above 1.5141 in the order book -> SCORE!!" part. Oh well, I thought it did make sense trying to fit order flow (aka short term trading as ...

Identifying Market Swings - Medium and Long Term Trading

This is too simplistic a view, it's good for making an analogy but doesn't even come close to the real world. For 1 seller, you can have 100 buyers or vice versa. Razorjack, I dint mean one on one selling or buying. Like the example of the exchange ...

Identifying Market Swings - Medium and Long Term Trading

Ok, so always trade in the direction of trend of the bigger TF. Dailies for 4hr and weekly for dailies. Got it. How many weeks measurement on the COT index? 26 or 13 ?

DanUK Trend Trading Journal 2010

Well lets see.. I've tried both short term and long term. I can honestly say that long term has been much more profitable for me. I think in the longer term (not long term trading ), it is the only way to go about. I have a friend who scalps, ...

Identifying Market Swings - Medium and Long Term Trading

Razorjack One heck of a thread you have here. Most, if not all, threads are devoted to trade shorter TF (1Hr and Lower), it is great to see some real long term trading dedicated thread. Before reading your intros in the first few posts of this ...

Identifying Market Swings - Medium and Long Term Trading

My chart actually looks like this: image The two thicker lines from your chart. Thin one with 3 touches which I think is the strongest. The dotted ones are the connecting two extremes at minimum. So, if you look at the lines joining the ...

DanUK Trend Trading Journal 2010

Dan, I am up on my simulation but I think it will take some time to complete. Slow streaming of prices to MT4 take over 10 mins just to display one bar. 6 bars in a day (4hr ) so I am moving a day in an hour. Looks like this will teach me some ...

DanUK Trend Trading Journal 2010

Dan, Quite confusing. Part of the problem being different views being floated around on the forum. There are those who believe in horizontal S/R and there are those who talk abt MA's being the floating S/R. Well, let me do some simulation on back ...

DanUK Trend Trading Journal 2010

Ok. So, basically TL, round numbers, S/R are just to guide but not exact. An entry at 1.3850 would be taken and not wait for the price to again cross 50% to 1.39 for a long entry.

DanUK Trend Trading Journal 2010

Dan Last two question before I go off to simulating last 2 yrs on EU. Valid TLs ? How many touches exactly? Many books say at least 3. Also, taking trades. Always at a round number? Say the 50% is at 1.39 and the price passes it to touch 1.3830 , ...

DanUK Trend Trading Journal 2010

Dan, the bounce came in Oct 2008. Which leads me to another question. How do you define a trend change ? HH, HL and LL, LH break or something else?

DanUK Trend Trading Journal 2010