[COLOR=black][FONT=Verdana]Hi, Thank you for your kind words. So far this week I have not placed a trade on EU. 1.3900 would have been a suitable place to go long yesterday and 1.4000 may have been a good place to short this morning (GMT). For me ...

DanUK Simple EUR/USD Trading Journal 2009

Hi Magic Trader, Yes I trade on a live account these days. I demo traded this method for about two months before opening a small account. Since then I have been gradually increasing my account/position size each month... slowly in order to help with ...

DanUK Simple EUR/USD Trading Journal 2009

Support & Resistance — Hi Johnny, The "No Brainer Trades" thread was one of my first major reads on ForexFactory (along with James16 and Jacko) and it is a very useful thread but I wasn't competent in trading these levels without some ...

DanUK Simple EUR/USD Trading Journal 2009

Q&A — In response to some questions... @ Siuol – Please see my charts. I think you are seeing things the right way – we are a juncture where things could go either way. I will be looking at what happens at the 1.3850 area on EU and 1.6000 ...

DanUK Simple EUR/USD Trading Journal 2009

Ok... to continue what I was saying... I have attached a couple of charts showing the most recent "swings" on EU and GU 4 hour chart. Hopefully this will illustrate better what I was trying to say.

DanUK Simple EUR/USD Trading Journal 2009

Hi Siuol, Sorry I must have been sleeping when you posted this. I was looking at 1.3950 on EU for a possible long position but price smashed straight through it so I have not placed a trade there. On GU I am looking at 1.6200 as a possible turning ...

DanUK Simple EUR/USD Trading Journal 2009

Thank you Siuol, that's very kind of you sir. I hope I can continue to help... especially now I've had this important reminder to leave the "experts" behind! And best of luck to you too! Please feel free to post any thoughts you have or trades you ...

DanUK Simple EUR/USD Trading Journal 2009

New Rule! — I must learn this important new rule... stop listening to what "experts" say! Looking at the G/U I was thinking "hmmm 1.6000 looks like a good place to go long" but all over the place I was hearing people say "G/U is headed down", ...

DanUK Simple EUR/USD Trading Journal 2009

End of June 2009 Results — I should have posted this earlier but I’ve been so busy! The month of June… turned out to be a very good month. I was a little concerned that the choppiness experienced at the end of the month was going to cause me ...

DanUK Simple EUR/USD Trading Journal 2009

Hi GJP, Sorry I couldn't reply sooner, I've not had much chance today. It's very hard to see clearly what is happening with these pairs at the moment. If you look at the daily charts for both EU and GU there are still rising trendlines however the ...

DanUK Simple EUR/USD Trading Journal 2009

Well of course there are plenty of different ways to trade, but the question was linked with Jacko's method, and trading that way a 20 pip stop loss would not be suitable - bearing in mind that it is a trailing stop loss.

Stop loss in trend trading

PS... That's assuming one has properly recognized the trend, of course!!

Stop loss in trend trading

To be honest yes I think you can say you are trading the trend based on an H1 chart. The trend is defined by the timeframe you use to trade from so if you see an uptrend on your H1 chart then yes you are trading the trend. Are you trading the long ...

Stop loss in trend trading

Ha ha! Sorry I forgot we should be keeping that top secret! I now have to kill everyone who has read this thread!

help me learn forex

True. I like the way clockwork71 plays the major s/r levels. I used to trade that way actually.

Jacko's Forex House of Pleasure and Pain

This is an interesting point... the ranging market. I was once told that if you are a trend trader and the market is stuck in a range your best position is no position at all. Something to think about.

Jacko's Forex House of Pleasure and Pain

Really?? Sell the day's high, buy the day's low.

help me learn forex

I personally cannot see that news-trading is a long term profitable strategy... however I cannot back that up with my own evidence. It is just that there are huge spreads and frequent slippage to consider when price moves so quickly (using retail ...

How do i trade using news?

I would say that typically I hold a position for about two days. This varies though, sometimes it's just a few hours and then on other occasions it can be several days. I once held a position for six days... it netted me 800 pips (rare for this to ...

Stop loss in trend trading

Hi, The reason is that "market noise" (i.e. price bouncing up and down in small amounts, 10 pips here, 20 pips there) could cause us to get back into the trade too early, however if we allow price to move at least 50 pips away then there is less ...

DanUK Simple EUR/USD Trading Journal 2009