Hi TGpop, I'm not seeing a short? Care to post a chart... although I would prefer it if we kept to dailies for now please! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi gododdin, You are right... managing multiple stops would be a lot of hard work! bez3000 answered you correctly (thank you bez) - I tend to manage them all as if they were one. And as bez mentioned, I tend to use a hard stop as a disaster stop... ...

DanUK's Advanced Trend Trading Strategy

Hi Porkpie, Thanks! I haven't read the book but trend trading is definitely the way to go imho! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi GJP, A chart may help but I think what you are saying is that if it breaks under this level - will I look to sell? The answer would be no - I would be concerned about price running into the 1.3000 level. What I would be looking for is a bearish ...

DanUK's Advanced Trend Trading Strategy

Hi Eric, First of all let me say that generally I am looking at the same thing whether I am using H4 or Daily charts. The analysis is still done off the daily charts - which is why I am suggesting everyone avoids the H4 timeframe for now, until they ...

DanUK's Advanced Trend Trading Strategy

That's an interesting idea and something I have thought about too. I haven't actually done it but may do some testing. Let me know what happens. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi bboyomega83, It depends on the situation. In most cases I am looking for a reasonable discount to enter... so a pullback to around the 50% level is ideal. However, there are times when price breaks through a key s/r level and then retests it... ...

DanUK's Advanced Trend Trading Strategy

Hi Scarlett, Thanks for the compliment! I have seen a couple of the Sam Seiden videos that are floating around about support and resistance and they make a lot of sense to me! Yes, I am really looking for the breakout/confirmation to take place on ...

DanUK's Advanced Trend Trading Strategy

Hi fxlan, EUR/CHF is a bit erratic - it has fairly big swings which probably makes it one of the harder pairs to trade if you are new to it (sorry if you aren't... just a general statement). However, the s/r level around 1.3300 and the 50% ...

DanUK's Advanced Trend Trading Strategy

Hi Jason, The crazy avatar - my little dedication to one of my favourite bands! I agree with what you are saying about risk/reward. I think that is generally for people who are trading shorter term and who need to factor in a risk weighting that ...

DanUK's Advanced Trend Trading Strategy

Hi bez30000, I would agree that the Euro trend is up at the moment. It's the only currency pair that I still touch trade and I have a couple of longs on at the moment - although, as I mentioned probably best to avoid talking about those types of ...

DanUK's Advanced Trend Trading Strategy

Hi bez3000, Good eye! Both good levels to trade from. EUR/AUD is back up to the 1.4000 so I imagine you probably got taken out at breakeven on this one (or partial profit if that's your thing!) - I've been watching for a trigger to short at this ...

DanUK's Advanced Trend Trading Strategy

Hi Peter, Hopefully this isn't considered "commercial" or "promotional" but I have used prorealtime (google it if you don't know it). It is a commercial product but you can use a free version of it. It has some good features and can list currencies ...

DanUK's Advanced Trend Trading Strategy

Hi Entropy, My 2009 trading was very agressive and I think I was very lucky that year too. I made a very high % return that year but I don't think I would have been so agressive with entries this year (I think this comes as the account balance goes ...

DanUK's Advanced Trend Trading Strategy

Thanks! I haven't been called Dannyboy since I was in school lol!!

DanUK's Advanced Trend Trading Strategy

Hi dmuk, Apologies for my slow response... I'm still catching up!! Yes I prefer to trade with the trend only... there are times when a counter-trend trade might be placed but they are very rare and I plan to talk about them later if it becomes of ...

DanUK's Advanced Trend Trading Strategy

Albatross, Sorry I don't quite understand this bit... maybe it's just because it's late on a Friday afternoon and I'm tired! Are you saying Mike isn't available for free on the internet (lol, sorry I know that sounds wrong!!!)? Regards, Dan

Jacko's Forex House of Pleasure and Pain

Hi guys, Yes I would agree that 1.3300 area is worth watching but I would prefer it if we didn't discuss "touch trades" for the time being please... if you get a good candlestick setup though please feel free to post it! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Agreed!

DanUK's Advanced Trend Trading Strategy

Hi kdee1, Yes I draw my trendlines using the lows in an uptrend and the highs in a downtrend. With regards to s/r levels... first problem is you are looking at an H4 chart and I would prefer it if we stuck to daily for the time being. Now to ...

DanUK's Advanced Trend Trading Strategy