GBP 61.8% from 17 Feb 2010 (daily) and EUR 38.2% from 13 January 2010 (also EMA 50) daily. As I have said before, I strongly believe the trend is DOWN and what we are seeing here are corrections. Good trading! Knight Rider

DanUK Trend Trading Journal 2010

There is a reasonable argument EUR/USD may go to 3872 and GBP to 5430 before continuing their downtrend. Both targets would be shorts for me. Knight Rider

DanUK Trend Trading Journal 2010

I'm short GBP at 5250. I've been patient. Looking to short EUR again above 1.38. Knight Rider

DanUK Trend Trading Journal 2010

Yeah, well done Tenapenny.

DanUK Trend Trading Journal 2010

Looks like a correction to me (Elliott) these last seven weeks. I wonder if I could draw a triangle to see where price might go? Having said that, I would be disappointed if it did not break the way I intend it to, given some of the points I've ...

DanUK Trend Trading Journal 2010

EUR/USD — For what is's worth here are my views. The dollar is strengthening and will continue to strengthen against most currencies in the short to medium term. There is no fundamental reason for this if you look at the fundamentals, BUT it ...

DanUK Trend Trading Journal 2010

Originally Posted by PeterCrowns image You might not have thought much about this yet, but when you finally get to be successful at this, you are going to have many trading opportunities closed to you that NOW you can just trade blithely with a ...

The DIBS Method... No Free Lunch continues

EUR and GBP — I've had enough of this (like watching paint dry - options expiry) - entered trade (short) at 138.50 and 152.50 respectively - we'll see which one takes the bait! Back to the "dibs" thread - there's a few "pirannahs" over there!

DanUK Trend Trading Journal 2010

Well I’ve been drawn back again. Thank you for your post "pawpaw" (and "now and later"). The answer to your question lies in my response before. As my old mate Jim would say (mentioned in earlier “rant”: “if you don’t have the balls to be in the ...

The DIBS Method... No Free Lunch continues

Just read large buyer in the market at 1.39 weekly. Whether true or not, this pair has some support. Will it go to 1.39? who knows? The market does tend to "feed" where the money is (and where the stops are), but I am a seller above 1.38.

DanUK Trend Trading Journal 2010

I think the AUD/USD will be a fantastic short as some point. I'm looking at this pair closely too.

DanUK Trend Trading Journal 2010

I see. Thank you. If I were using a stop loss it would be at least 50 pips against the trend and 100 with the trend (long term). This is just my view though. You nailed it Bez. It is all about patience. I am looking at GBP also. Twice the risk ...

DanUK Trend Trading Journal 2010

What's your target area?

DanUK Trend Trading Journal 2010

I hope not.

DanUK Trend Trading Journal 2010

Still watching EUR/USD - anybody see any other set ups with the pairs - Bez?

DanUK Trend Trading Journal 2010

Hi Paw Paw, Wasn't going to post here again, but felt compelled to! In my humble of view, why take a dibs trade against the long term trend (I'm not saying you have)? If you're going to take a dib against the trend (bat both ways, so to speak) and ...

The DIBS Method... No Free Lunch continues

I don't normally play this pair, but if I did it would be 50 pips higher. Now I've said that it will probably hit the EMA50 and reverse back. I don't know what Dan would do, but that is what I would consider a play. I think the JPY/USD and AUD/USD ...

DanUK Trend Trading Journal 2010

Well played Dan.

DanUK Trend Trading Journal 2010

I'm sorry, just thought I would add something due to the nice interest you have shown. If you believe USD will strengthen in the future, then some of these charts (weekly AUD,EUR etc.) should be screeming out to you if you look at it from an Elliott ...

DanUK Trend Trading Journal 2010

Are you a speadbetter? Your graph looks similar to something I've seen before. I am dubious with this pair and have decided upon a contrarian view that this trend is likely to roll over in the not too distant future. But, hey, I could be wrong, but ...

DanUK Trend Trading Journal 2010