Hi happypi, With regards to the E/U - it all depends on how you interpret the chart. If you read the most recent upswing as a retracement in the downtrend then you would take a sell signal at the level rather than waiting for a further move down and ...

DanUK's Advanced Trend Trading Strategy

Hi, I had to do a bit of searching but I knew I had posted something on this (I think I will make some kind of PDF linking all the important aspects of the method together at some stage): For your info: Stop Loss: url And this may also be ...

DanUK's Advanced Trend Trading Strategy

Hi Jay, I certainly see what you are saying. I do in fact hedge trades if the situation is right and I get a solid signal to do so. In the recent case of the EUR/CAD the situation would have been right to place a hedge trade (in so much as the ...

DanUK's Advanced Trend Trading Strategy

Hi Mark, No, I wouldn't say you were wrong - and I must admit that at that time I was of a similar mind. However, I would add that at that time price flow had started to show the development of a downtrend (which I have highlighted on my daily chart ...

DanUK's Advanced Trend Trading Strategy

Thank you!

DanUK's Advanced Trend Trading Strategy

Yup, it's rare that such a thing will happen but it should be remembered if you are in a trade with multiple positions and it goes against you - you are going to loose a lot more in "pips" than you would with a single position. But the main point is ...

DanUK's Advanced Trend Trading Strategy

Hi happypi, It's an interesting one. As it happens I have recently shorted this pair as my 4 hour chart showed a reasonable looking bearish outside bar off of the 1.3000 level. So for my own selfish reasons... I hope you're right lol!! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi Paul, I finally exited my EUR/CAD short with less than I had wanted but a profit nonetheless. I had two positions that remained open (indicated on my chart by the red arrows). Once price came up and pierced the 1.3250 S/R level (on the 14th Jan) ...

DanUK's Advanced Trend Trading Strategy

Looks like this short is working out quite well, congratulations! If price is held under the 1.5000 level you could well see another 500+ pip drop here. Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi b12, Kind of ironic you should post that (as I was subsequently missing for a while!). Yes, daily time frame (particularly if you are new to trading) with progression to H4 when confident/skilled enough! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi Bez, Sorry it took a while to get back to you! Haven't been around much lately! Trading is going well thank you, I hope things are going well for you too! Hope to see you back here soon! Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi guys, I'm away for the weekend so I can't make a particularly detailed post (bit awkward from iPhone!!) but thought I would just pop in to say a couple things! First @bez - good to see you here my friend. Glad you are doing well! Second @uncle g ...

DanUK's Advanced Trend Trading Strategy

Hi roundrock, Congratulations on your win. I understand your entry but just curious as to why you left at 80 pips? I tend to aim for longer term moves; for example I too am short E/C at the moment and I am up about 1,100 pips. Regards, Dan

DanUK's Advanced Trend Trading Strategy

That's fair enough - it's always best to be cautious. The old saying "sometimes no position is the best position" is often true. My opinion is that the E/U is currently stuck within a range (as per the blue levels on my chart). If it breaks out ...

DanUK's Advanced Trend Trading Strategy

Hi lite27, I don't see any real good reason to sell at the moment. I think we might be seeing a downtrend start here but so far the only evidence of that I see is weakness in the uptrend. I have yet to see the new trend "form" and until then ...

DanUK's Advanced Trend Trading Strategy

Hi happypi, What major support do you see nearby? Regards, Dan

DanUK's Advanced Trend Trading Strategy

Hi Milan, When you say that the "location" is a problem for you, could you explain a bit more about what you mean? I'm not going to suggest that this is by any means a "sure thing" - I don't think such a thing exists but I wouldn't be put off by the ...

DanUK's Advanced Trend Trading Strategy

Hi Steve, On my feed the E/C doesn't look quite as good as yours (close seems higher; due to timezone) and not so inviting but I think it's a worthy play. Price has retraced up to s/r at 1.3250 and appears to have run into trouble. A sell below the ...

DanUK's Advanced Trend Trading Strategy

Hi Fox25, Thank you for your post. I am indeed aware of the "Golden Ratio" and Fibonacci Expansions. In fact, I have spent quite a lot of time looking into this subject. However, I don't agree that "you have to use the Fibonacci extension and ...

DanUK's Advanced Trend Trading Strategy

Good to know! I always think "constructive criticism" is helpful but it's hard not to come across as simply critical on a forum! Regards, Dan

DanUK's Advanced Trend Trading Strategy