Hi seifo005, It may be. Then again it may not. Why guess? The truth is picking tops and bottoms is gambling. No one can pick the end of a trend without just being lucky. You might get it right once or twice but mostly you're just going to get it ...

DanUK's Advanced Trend Trading Strategy

Hi toybits, If I am right, you are talking about this trendline on my chart... If that is correct, then I have addressed this earlier in the thread but incase you missed it... the reason is that the key horizontal support and resistance levels hold ...

DanUK's Advanced Trend Trading Strategy

Yes sorry you are right... they are normally GMT+1 and then during British Summer Time they are GMT+2!!! My mistake! Regards. Dan

DanUK's Advanced Trend Trading Strategy

Trades — Hi bez3000, Thank you! I'm glad to see you're still working on it... I'm sure that first big win will come around soon and when it does you will begin to realise that all the hard work (waiting, getting stopped out etc) will be worth ...

DanUK's Advanced Trend Trading Strategy

Lol! No, sorry I don't - I guess I'll have to take it unpaid!! ------------------- I think I've answered all questions and PMs now - if I missed any please ask again as it wasn't intentional! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi Pupkin, Trading in general is a self-fulfilling prophecy. The markets only move because people/organisations participate in it. There is always an underlying fundamental cause for a trend to be in place (causing more buyers than sellers or more ...

DanUK's Advanced Trend Trading Strategy

Hi seifo005, It's not something I would be looking at... you may well be right but the current trend is up and therefore I am interested in buying not selling. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi Fredy, I don't use price alerts these days because I am waiting for candle patterns... so if I am trading dailies I only need to check at the end (close) of each day, therefore price alerts are a little superfluous. Please note however that this ...

DanUK's Advanced Trend Trading Strategy

Hi PipRiderFX, I use Alpari UK for my charting and they are set to GMT (I think lol!). Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi Mark, You are definitely looking in the right area but in my opinion this setup was less than optimal. I don't necessarily look for "perfect" setup bars but a shooting star should have the wick exceeding recent highs... it's the wick that shows ...

DanUK's Advanced Trend Trading Strategy

Hi Cam, I think I would have a level in the 0.4500 area and another in the 0.5500 area but other than that I think you have got it covered. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi HxMark, Generally speaking you want a bit more space for price to move which is why I like to enter "at a discount" but there are times when price gets above a key level and then bounces off of it... giving an entry into the trend but without ...

DanUK's Advanced Trend Trading Strategy

Hi GJP, This is not actually a pair I follow so I'm probably not the best person to answer but it certainly seems to be an interesting s/r level... I liked the shooting star just above (off of 65) too! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi panfried, Sounds to me like you are "getting it"! Your conclusions seems to be sound to me... remain on the side of the dominant trend as defined by the daily charts (currently up) until you get confirmation that the trend has changed. Another ...

DanUK's Advanced Trend Trading Strategy

Hi Dan, That's ok - you didn't actually have to delete your post but I am glad you are going to stick with the trend for now! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi guys, Sorry I haven't been around to post this last week - I was quite unwell and kept away from the computer as much as possible! I will try and catch up today now that I am back to it... I just wanted to say congratulations to gododdin - I knew ...

DanUK's Advanced Trend Trading Strategy

Hi PipRiderFX, Again, this is part of the "art" of trading as opposed to the "science" - but generally speaking once the opposite end of the trigger bar has been broken you can consider the signal invalid. There are however occasional times when ...

DanUK's Advanced Trend Trading Strategy

Hi Dan, I'm afraid I am going to have to do this... You may of course be right, we may well see a reversal here but what you are really trying to do here is catch a top and that is not what I am trying to teach here. Trading with the trend ...

DanUK's Advanced Trend Trading Strategy

Good stuff! Trust me, you will get to understand the charts much better when you do it for yourself. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi panfried, If I may quote from an earlier post... "At the moment I still see this pair as being in a band of s/r in the 0.8700 - 0.8800 area and as such has the potential to go back down however we are in the situation that price has exceeded the ...

DanUK's Advanced Trend Trading Strategy