Hi Neo, I wouldn't want to remove your post... as I wouldn't want to be seen as a thread dictator! If people want to discuss trading in a skype room (or by any other means) I have no right to tell them not too! However, I do appreciate everyone's ...

DanUK's Advanced Trend Trading Strategy

Hi Paul, Always nice to see a fellow Brit here! I'm pleased to welcome you to the thread and also, as it's your first post, to Forex Factory too! I look forward to your contributions and welcome all charts and questions. I would also be happy to see ...

DanUK's Advanced Trend Trading Strategy

Hi Pirabuji, Generally speaking I prefer candles that stand out but overall it is the location that is of importance to me. If the setup candle is sub-par but the location is A+ I will trade it. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi fartist (could we get a little clarification on that handle... is it fart-ist or f-artist! Sorry... my childish mind is amusing me at the moment), Under this strategy it is important to hold your positions for as long as they are technically ...

DanUK's Advanced Trend Trading Strategy

Hi Jay, As I am looking for long term moves 500/1000+ pips at a time news releases, even big ones like NFP, tend not to impact my trading. I wouldn't put on a position just before the release, for obvious reasons, but generally speaking news is not ...

DanUK's Advanced Trend Trading Strategy

Just to clarify my position on this... trade bias should be determined by the daily charts. Trading H4 setups should only be done in sync with the daily bias. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hello elis, Glad to hear you plan to stick to your rules. I have found that having the patience and discipline to stick to one's rules is half the battle! With regards to lower timeframes... it can be done but honestly the best thing about this ...

DanUK's Advanced Trend Trading Strategy

Hi Mark, Hopefully a chart will make things clearer... swing lows at support... potential swing highs at resistance! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi Sohail786, I mentioned earlier that I was short Euro at this time... my main reason for taking that bias is that once the key support level around 1.37/1.38 was broken it would turn to resistance and sustain a move further down. In these ...

DanUK's Advanced Trend Trading Strategy

Hi Pirabuji, This is a little late I know (apologies for that) but I figure another look at it might help to clarify things. With regards to the CHF/JPY setup... personally I would have been interested in this if the BEOB had formed higher up off of ...

DanUK's Advanced Trend Trading Strategy

I'm going to try and do a little catch-up on posts as I have neglected this thread a bit lately... starting here: Hi NeoRio, Going back before the "credit crisis" trends, particularly in the Euro seemed to be a lot more stable. I used to enter based ...

DanUK's Advanced Trend Trading Strategy

Hi guys, Sorry I haven't been around to post lately - been so busy at work I just haven't had the time! I am glad to see the conversations have continued but I am a bit disappointed to hear about the Skype room. Of course, I have no right to tell ...

DanUK's Advanced Trend Trading Strategy

Hi guys, Been busy the past couple of days so I haven't managed to reply to questions but I will try to tomorrow. I just wanted to stop by and say, with regards to the EUR/USD, I can confirm what NeoRio has said - if we had a strong, bullish ...

DanUK's Advanced Trend Trading Strategy

Hi Pira, EUR/CHF - A couple of problems here... the first is that we don't have very much historical data of price in this area and as such s/r areas are harder to spot. I don't actually see a setup there... if you could post a chart it would help. ...

DanUK's Advanced Trend Trading Strategy

Hi GJP, I caused a bit of confusion here didn't I! First of all, I should say that I don't trade the weekly candles. The R:R just doesn't do it for me. I only use them for analysis. However, in this scenario I assess both signals and come to the ...

DanUK's Advanced Trend Trading Strategy

Hi NeoRio, Welcome! I look forward to more of your contributions. I have kept the thread on the "daily" perspective for now as it is easier to assess the trend on the daily chart rather than on the 4 hourly chart. I do also trade H4 setups but they ...

DanUK's Advanced Trend Trading Strategy

Hi laranja, Yes I am short EUR/CAD. I am also short EUR/USD. In my opinion the weekly bar on E/C was more like a spinning top than a hammer; signalling indecision. Also the shooting star on the daily was a very good formation off of a big round ...

DanUK's Advanced Trend Trading Strategy

Sorry I missed this one... in part yes. My analysis is based on all the factors... trendlines, fib retracements, higher highs/lows, lower highs/lows and most importantly support and resistance levels. In the case of the Euro price has broken down ...

DanUK's Advanced Trend Trading Strategy

Hi NP, I'm glad to have been some help! I fear I may have mislaid people with my last post... whilst I highlighted potential setups from the weekly charts I do not trade weekly setups... I use them as analysis only. I have mentioned that before but ...

DanUK's Advanced Trend Trading Strategy

Hi Joe, I would have to second what CindyXXXX says. It matters not whether you make 10 pips, 100 pips, 1000 pips (other than the fact that the spread hits you hardest on your 10 pips)... it matters how you size your position to risk. Whilst I am not ...

I don't get how 10 pips a day can make you rich?