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DanUK replied Jan 14, 2013Trade No. 5 - Sell EUR/AUD Almost forgot this one... strictly speaking this isn't a 2013 trade! But as it is open and will hit profit or loss in 2013 I figured I may as well count it! I sold EUR/AUD back in October (week commencing 21st) on price ...
Back to Work - Trading Forex in 2013
- DanUK replied Jan 14, 2013
Trade No. 4 - Buy EUR/USD Same setup as EUR/CAD really... support found at 1.3000 with bullish P.A. Trade closed today at the previous swing highs for a 4% return.
Back to Work - Trading Forex in 2013
- DanUK replied Jan 14, 2013
Trade No. 3 - Buy EUR/CAD Price found support off the 1.2850 level forming a bullish hammer on the 4th Jan... I bought the break on 7th Jan at 1.2920 with an 85 pip stop. The trade closed today at the highs of the former swing for a 5.9% return.
Back to Work - Trading Forex in 2013
- DanUK replied Jan 14, 2013
Trade No. 2 - Buy EUR/GBP On 3rd Jan EUR/GBP found support at the 0.8100 level (near the upward channel line) with the following day presenting a nice bullish candle. I bought the high at 0.8150 with a 70 pip stop. Trade closed today at TP level for ...
Back to Work - Trading Forex in 2013
- DanUK replied Jan 14, 2013
Trade No. 1 - Sell USD/CHF On 4th Jan price hit earlier support level (turned resistance) and upper line of trend channel forming a bearish candle closing under the 0.9250 s/r level. I sold below at 0.9225 with a 90 pip stop. On seeing price hit the ...
Back to Work - Trading Forex in 2013
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Back to Work - Trading Forex in 2013
Started Jan 14, 2013|Trading Journals|37 replies
I traded very little in the forex market last year, due to large (and exhausting) expansion in ...
- DanUK replied Oct 31, 2012
Hi Jack, Just wanted to make a friendly note on this... there is a lot of misunderstanding about sovereign "debt" and the euro-crisis and I often feel compelled to straighten things out! The problems in the Eurozone are not comparable to the ...
Third Screen Strategy - Dr. Alexander Elder
- DanUK replied Oct 31, 2012
Hi greengriff, I'm sorry I missed your reply/questions... if you ever see this post his is my attempt at answering!.... 1. A very interesting question; the govt really doesn't need to issue bonds (with interest payments) in order to pay it's bills ...
How did 'rich' economies get so in debt?
- DanUK replied Sep 22, 2012
I'm sorry I don't fully understand what you are trying to say... however I believe you are still misunderstanding the nature of government deficits. Please read my reply to greengriff... particularly the section on how the banking operations take ...
How did 'rich' economies get so in debt?
- DanUK replied Sep 22, 2012
Greengriff, Thank you for your comments… the point I was trying to address was that most people misunderstand government debt as being the same as private debt, and it would seem that from your comments I didn’t make the point strongly enough. I do ...
How did 'rich' economies get so in debt?
- DanUK replied Sep 21, 2012
Understanding debt — There seems to be an awful lot of misunderstanding on this matter… but FXTradeX6 has got the answer… government debt is not the same thing as private sector debt in most “rich” countries. The same can’t be said of Eurozone ...
How did 'rich' economies get so in debt?
- DanUK commented Jun 12, 2012
There are only two possible solutions for the Euro problem. Either they ditch the Euro and return to individual but Sovereign currencies or they go for complete political and fiscal integration in order that the ECB may act as the Federal Reserve ...
Spanish bailout shows Europe still doesn't get it
- DanUK commented Apr 18, 2012
The reason economic recovery is taking so long is quite simple... this is a balance sheet recession, so whilst the public are paying down debt they have little extra to spend so demand is suppressed. Add to that a big dose of neoliberal economic ...
Down with Debt Weight
- DanUK commented Apr 13, 2012
When Bank of America can't pay it's bill it gets God knows how many $billions bailout from the taxpayers but when those taxpayers can't pay they get fucked... When will we learn?
Bank of America sells repossessed homes in bulk
- DanUK replied Dec 31, 2011
Happy New Year! — Good evening ladies and gents, I just wanted to drop by and say Happy New Year to everyone and good luck for 2012! I haven't been hanging out at FF much lately as it has been a tough year for trend trading and I have focused ...
DanUK's Advanced Trend Trading Strategy
- DanUK commented Dec 31, 2011
Yes but there is a very big and very important difference - the US owns the currency it uses and is the monopoly issuer of it; therefore the US can never run out of money and the debt is not the same as a conventional debt (i.e. as in the case of a ...
The drachma is not a good idea
- DanUK replied Jun 22, 2011
Hi all, Yes I am still out here trading! Sorry I haven't posted here lately but I have to admit to turning to the dark side... intraday trading lol! As traders we have to adapt to market conditions and I felt that due to worldwide uncertainty the ...
DanUK's Advanced Trend Trading Strategy
- DanUK replied May 26, 2011
Hi Paul, The entry was based off an H4 bear flag that ran into resistance. I never really went into flag patterns when I started the thread but they are a useful pattern to look for. I'm posting from my iPhone at the moment so can't post a chart but ...
DanUK's Advanced Trend Trading Strategy