Congratulations! I hope it makes it up past 1.0000 and continues upwards for you! Although, the 1.0000 level holds strong psychological resistance and may prove hard to break though... if price stalls don't panic; just continue to analyze and take ...

DanUK's Advanced Trend Trading Strategy

Hi goldenFishie, That's ok... noob questions are welcome! It is very easy to get confused as to which trend to follow... which is where I try and keep my trading very simple and base it on my analysis of the daily charts (although I use ...

DanUK's Advanced Trend Trading Strategy

Hi Shotshell, It does seem that way. My chart really was just meant to highlight the many different possibilities and angles that could be taken - which is why I tend to follow the trend that is shown on the daily charts (in the formation of higher ...

DanUK's Advanced Trend Trading Strategy

Hi Pirabuji, Your first question takes us into the slightly more advanced topic of counter trend trading which I would like to try and avoid for the moment. I would say however that yes, in these instances where the trend could be turning I do take ...

DanUK's Advanced Trend Trading Strategy

Hi dan89, Thank you too for your kind words. Last year I wasn't trading with such long term goals, I was mainly trading off H4 charts and taking hundreds of pips at a time as opposed to thousands so it wouldn't really be suitable to compare that ...

DanUK's Advanced Trend Trading Strategy

Hi Zol, Thank you for your well wishes. He's getting better now thankfully... last couple of nights he's had me up a lot so I could do with a rest lol! I thought we were going to get a pullback on the Euro to at least 1.3500 today - a place where I ...

DanUK's Advanced Trend Trading Strategy

Hi Pirabuji, Yes this is definitely a strong area on G/U. My personal preference though would be to see price get above this level and then come back to retest it and fail... sending price higher (which is where I would be buying). Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi, Good eye! There was one more daily position though that I took from a shooting star off s/r in the 1.3800 area as shown in my attached chart. All pretty simple/obvious trades right!? Also, that final position you circled I actually took from a ...

DanUK's Advanced Trend Trading Strategy

Or, is price moving off of the 50% of the even longer uptrend...?

DanUK's Advanced Trend Trading Strategy

Hi Pirabuji, I had been selling before that but in my opinion price had rejected support around 0.8200 and moved higher up above 0.8500 before retracing back down and forming a bullish signal on the retracement - closing above the next level of s/r ...

DanUK's Advanced Trend Trading Strategy

Hi Location, I don't think that applies so much to my trading. I would say if you were taking a counter trend trade then the size of the bar would be more important. Whilst a good sized bar is a better signal it is not essential to me - the most ...

DanUK's Advanced Trend Trading Strategy

Hi dan89, I was looking for a sell in that area but didn't get a trigger! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi dmuk, The basic rule for me is that if I am looking to go long I will be waiting for price to pull back to support. If I am looking to go short I will be waiting for price to pull back to resistance. So in this example, AUD/CAD is not of interest ...

DanUK's Advanced Trend Trading Strategy

Hi Scarlett, I tend to "fib" the most recent engulfing swing in the direction of the trend and I quite often draw them in conjunction with trendlines. For example, chart 1 is one view of the EUR/GBP using the outer trendline (assuming you believe ...

DanUK's Advanced Trend Trading Strategy

Hi PipRiderFX, No problem, it's a nice, easy going trading method which is why I like it! Answers to your questions... 1. I follow about 25 pairs, all the major crosses (USD/CHF/GBP/EUR/JPY/AUD/CAD) - I would stick with the majors and avoid exotics ...

DanUK's Advanced Trend Trading Strategy

Guys sorry I've got to run - my little boy is unwell and wants his dad! Will have to come back later to continue my replies

DanUK's Advanced Trend Trading Strategy

Hi bboyomega83, I would say the same as your answer... quite a lot of breakeven trades, a few losses and a few wins. This is where the men will separate from the boys - in having the patience for the right trade and the wins... but when you have the ...

DanUK's Advanced Trend Trading Strategy

Hi guys, I will be back later to answer all questions... but just wanted to say I'm not keen on trading upwards at a swing high... generally I would be looking for bullish engulfing bars to form at a s/r level on a pullback. Getting in at the high ...

DanUK's Advanced Trend Trading Strategy

Live Trades — I will leave a little space now if there are any more questions or anything that isn't clear please ask. Other than that though I think we are about ready to start posting some possible trade setups.

DanUK's Advanced Trend Trading Strategy

Ok I think I have caught up with the Q+A. If I missed anyone out, I apologise - it wasn't on purpose; please ask again! I am going to go over my old posts and see where we are but I think I have explained the bulk of it. If anyone has anything else ...

DanUK's Advanced Trend Trading Strategy