Hi Mark, That trendline is a "developing" trendline - I perhaps should not have posted a chart with it on but I occasionally keep my line on potential/developing trendlines if the situation warrants it. In this particular instance (going back to ...

DanUK's Advanced Trend Trading Strategy

Hi Mark, Nice chart. That E/U short should be up around 90 pips now... hopefully we will see that continue to grow! I think you've got the correct S/R levels on your chart. I believe it is these "key" areas that are of most interest to us - they ...

DanUK's Advanced Trend Trading Strategy

I currently favour longs on U/J... mainly because I am long off of the bullish outside bar marked on my chart! I am holding onto this trade because of the potential upside target... last time price made it this low it climbed around 7000 pips! There ...

DanUK's Advanced Trend Trading Strategy

The 112/113 area definitely shows up as an area worth watching but it's not a very clear trade. If we do get a shooting star I would only be interested in trading it if we get a good bearish close (i.e. lower than the open price). Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi Paul, I think you are getting it. The most important aspect is to find the correct location to trade from. In this respect, I tend to favour what I refer to as "key" horizontal support/resistance levels. I then look for trendlines and fib levels ...

DanUK's Advanced Trend Trading Strategy

Hi Neo, For the time being I think it's probably easiest just to post trades here (like I have above) but if it does start to get a bit cluttered or people feel that it would be better to get things more organised I would consider trying to setup ...

DanUK's Advanced Trend Trading Strategy

Hi NP, Yes, when I refer to "key" levels I mean the major areas that you tend to see on the weekly that are normally quite defining of a trend. Regards, Dan

DanUK's Advanced Trend Trading Strategy

EUR/CAD — Another potential setup, similar to the EUR/USD is EUR/CAD. Support/resistance in the 1.3500 area, fib level and downward trendline. Again... I will be careful, due to the time of year!

DanUK's Advanced Trend Trading Strategy

EUR/USD — I mentioned last week that I probably wouldn't trade anymore for the rest of 2010 but that I would watch the charts... That being said, the EUR/USD has retraced to an area of interest... support/resistance in the 1.3500 area and ...

DanUK's Advanced Trend Trading Strategy

Hi Paul (and others interested in doing this), I would be quite happy to see this sort of thing happen. It seems like the natural progression for the thread to turn to live/potential setups and I think we would all benefit from having more eyes on ...

DanUK's Advanced Trend Trading Strategy

Tell that to my bank account Just kidding... on a serious note I wouldn't worry too much about that. Trading is not an exact science, at least not the way I approach it. Trendlines, support/resistance, fib levels etc... they all act as a guide ...

DanUK's Advanced Trend Trading Strategy

[quote=yogibear;4237522] Ha ha! Your grandmother sounds very... inspirational! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Lol! Good, I like the name! I think I would be careful about opening new trades late on a Friday if I knew there was going to be something important (like a G20) happening at the weekend but generally I don't let that sort of thing affect my trading ...

DanUK's Advanced Trend Trading Strategy

Hi Neo, Yes that's right. I think consolidation can make it harder to read... whilst I am not the type to trade what some might call A+++ setups I do prefer to take setups that are quite obvious. If it isn't clear then it probably means it's not ...

DanUK's Advanced Trend Trading Strategy

End of Week Analysis — I think I have managed to catch up with the Q&A and if I missed anything please let me know! I shall now post a quick summary of a few currency pairs as I suggested I would try to do at the end of each week (although ...

DanUK's Advanced Trend Trading Strategy

Hello aus, Haven't seen you around for a while (although that may be because I haven't been around that much!). Good to see you here though. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hello WindPip and welcome aboard! I am glad you have found this thread of use and hopefully we will continue to keep things on track as much as possible! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi PipRiderFX, Yes this is what I do. I use the daily chart as my reference point, I use it to define the trend and analyse locations to trade from. I then look for pullbacks and I do this on H4 charts and daily charts. That's all there is to it. I ...

DanUK's Advanced Trend Trading Strategy

Other markets — Don't forget guys; there are other markets out there too. I was just chatting with a fellow trendy on PM about this one... It's an LSE stock, ABF - the uptrend has been going good for almost two years now (that's the kind of ...

DanUK's Advanced Trend Trading Strategy

Hi Neo, I don't like to give out specific advice on what someone should do as there is every chance I could be wrong! However, the way I look at these things is to re-analyze the initial trade. If I feel the initial trade was valid, even if things ...

DanUK's Advanced Trend Trading Strategy