Well good luck with it. I'm also tempted to enter but haven't yet. Basically, I believe markets are random on short time frames and the real edge comes from the long-term underlying trend which is determined by what the big money is actually doing, ...

Trend Trading

I'm still thinking the trend is up and I shouldn't have broke the rules and exited. But I'm worried the resistance at 1.40 might be really, really 'hard'. Was going to wait until I got a good solid close above 1.40 to confirm the resistance was ...

Trend Trading

But you'll never really know the full story by 'story reading' as you put it. What I mean is this. Suppose the EUR/USD was at 1.25 and all the stories were negative and you knew what 'should' happen in these circumstances is for the EUR/USD to fall ...

Trend Trading

Hey Mr D The market has fallen well below 1.3817 this morning and is hoovering around that price right now! (11:50am UK time) Are you still planning on taking a long trade? If so do let us know the price you take the trade at any how you do

Trend Trading

Never even heard of it before and don't think 3% a day is even remotely possible without eventually blowing the entire account.

3-9% a day with CHOROS?

The market is now at 1.3930 and around 57% of traders are short EUR/USD - I think the market is therefore more likely to break on the upside than on the down. I've decided my next course of action is to go long if I get a close above 1.4000. I could ...

Trend Trading

So, who's thinking of looking to getting into a long EUR/USD position any time soon then? I want back in. But I'm torn between entering on a pull back backed by increased bearish sentiment from retail Forex and entering on a close above 1.4000, also ...

Trend Trading

Mine is follow the long term trend.

the dominant principle

That was pretty much the same for me. I said I'd exit on a large red weekly candle, two or three weeks with no new high, or the open positions ratio going to less than 50/50. It had been hovering between around 62-55. Then the market hit stiff ...

Trend Trading

Not really, I failed to practice what I preached and bent my own rules I was going to exit on a a large weekly red candle. Or the market failing to making a new high for 2 to 3 weeks. Or retail traders going net long according to the ...

Trend Trading

Really? Congrats man, to have got your biggest win ever is quite an achievement. Do you feel your trading style, outlook, or anything else has changed as a result of this? How long have you been trading by the way?

Trend Trading

Possibly just made a terrible mistake and bailed out at 1.3913

Trend Trading

First time I've ever considered taking this trade off. The EUR/USD has gone through the 1.4000 mark, stalled and fallen around 70 pips in an hour or so. There is no technical reversal signal from either momentium (that would require a week) or lack ...

Trend Trading

That's another new high close @ 1.3930. This trend has been very strong so far and obviously can't continue. However whilst it remains there is more chance with it than against it. There have been 8 new highs in the last ten trading days! If someone ...

Trend Trading

Just noticing the price is stalling now at the 50.0 Fibbo line. Not a reason to bailout though, at least not for me anyway. I'll bail on a large red weekly candle, 2 or 3 weeks without a new high, or a major change in market sentiment as measured by ...

Trend Trading

Well, the market closed about half an hour ago (I define it as 8pm GMT) at about 1.3845 so that's another new high. This trend has been surprisingly strong. First lot was entered at 1.3390 + 455 pips Second lot was entered at 1.3770 +75 pips That's ...

Trend Trading

Thanks for the reply and I hope the trade works out for you. Personally, I will allow a winner to disappear. I won't take the trade off the table if I think the trend is still in place and there is signs of it 'following through'. This will mean ...

Trend Trading

It's good if you can get in at a better price, but the little research I have done on the matter suggests that waiting for retracements works well on stocks but not on currencies. With pairs like the EUR/USD the price is more likely to keep going ...

Trend Trading

I'm actually trading using pyramiding now. But not pyramiding on every new high close, just the ones I think are significant. I said I'd add another lot if the price closed above 1.3700 and it did, it closed at 1.3770 (UK 8pm) where I added another ...

Trend Trading

Glad you caught the trend early and got in at a good price, it's always nice when that happens. However a friendly word of advice. Don't expect no retracement to be the norm, it's not. It's pretty much impossible to pick and exact top or bottom, so ...

Trend Trading