Hi Ludo, Thank you for your interest! I have also used some indicators to identify S/R levels but I have not seen this one before! To be honest though I believe the very best indicator to use is the human eye! It requires a little training but it is ...

DanUK's Advanced Trend Trading Strategy

Hi dmuk, Thank you for the compliment and questions... I find it's best to quote and answer in a different colour so that others can learn from the answers too: 1) Can you explain how you apply the fib tool to your charts? And when you will use it ...

DanUK's Advanced Trend Trading Strategy

Good stuff! Welcome to the thread - I look forward to your input here! Euro is still my fav too! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi Sylar, If I enter based on a 4 hour candlestick pattern I will place my stop at the opposite end of that setup - I would only use the daily high/low for a stop if I entered based on a daily candle. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Thank you!

DanUK's Advanced Trend Trading Strategy

Hi Sylar, Thank you for your questions... Yes to a certain extent I do rank my entries… I don’t really grade them but I do consider in my mind how good the setup looks and I only take it if I feel comfortable with it – you know when you should skip ...

DanUK's Advanced Trend Trading Strategy

Hi GJP, Thanks for the question. That particular trade I mentioned was off of the H4 charts and the 80 pip stop would have been placed just above the high of the trigger/setup. I would recommend the same for the daily - I place the stop just beyond ...

DanUK's Advanced Trend Trading Strategy

I wish! My life would be sweeeeeeeeet then! But alas I'm afraid it is not (codable)!

DanUK's Advanced Trend Trading Strategy

Hi yogibear, Actually, I tend to start out from the weekly to draw what I call "key" levels of support/resistance. These are often the best places to trade from so your trading plan should fit in well with what I am doing here! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi gododdin, That's an interesting question. When I started out trading (in the T.A. world) I kept a journal to record trades and my reasoning/thought process - I think this is a good idea so you can see why/when things work and why/when they don't. ...

DanUK's Advanced Trend Trading Strategy

Hopefully that's a case of "great minds think alike" lol!

DanUK's Advanced Trend Trading Strategy

Hi laimonk, Thank you for your question. This is probably one of the most daunting aspects of my trading method. Once you've racked up hundreds to thousands of pips in profit it can be very tempting to close out from fear and greed. I'm sorry I ...

DanUK's Advanced Trend Trading Strategy

Hi Peter, Thanks for your post. To a certain extent I think what you have mentioned here will be discussed more when I add in the counter-trend discussions. There are certainly times when price is moving counter to the daily trend but it is ...

DanUK's Advanced Trend Trading Strategy

Hi Xxavier, Thanks for your interest - you are most welcome to stay! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi gododdin, Great post! You are absolutely right in what you said! I think the reason that we struggle to let the winners run is because it has (most likely) taken a long time to get to the point where we are actually getting into winning trades ...

DanUK's Advanced Trend Trading Strategy

Thanks Steve! I find that simple suits me best! Trend trading with a few simple old methods (like trendlines) just seems to work! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi coolshades, USD/SGD certainly looks interesting... it's just broken past it's low of around 1.3450 and I wonder if it just going to keep sinking? Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi bez3000, I would say there are still some good trends out there... probably the fact that we've just been through a typically slow summer might make the charts look like they have stopped moving and this could be clouding your judgment a bit. ...

DanUK's Advanced Trend Trading Strategy

Hi sako, Many people think the markets are random but they aren't. There is always a reason why price trends in a particular direction and that reason is always "fundamental" and although it may not always seem logical there is always an explanation ...

DanUK's Advanced Trend Trading Strategy

Thanks also to bhupinder, ozziedave, face, okehiedon and aus1way for your interest and kind words!

DanUK's Advanced Trend Trading Strategy