your stop would have been at 4850 right? so an exit at 4950 would have been 1:1 ? unless i am missing something. you are atleast trading a mini account. i am trading a $25 account! who knows, if i achieve consistency and am able to devote time, i ...

DanUK Trend Trading Journal 2010

recovered earlier losses — on this cable pin, made 50 pip. likely cable will run to 1.5, however i was not able to monitor trade for long and had to exit early. intraday is still fun and games for me and highly unlikely that it will be my main ...

DanUK Trend Trading Journal 2010

i took it. got stopped out. it had also closed below R1. however on further reading i think the previous few bars (low range, low volume, price bars closing in middle to high, a lot of them red bars) was a sign of accumulation. on the euro, there ...

DanUK Trend Trading Journal 2010

gbpaud — watching at 7300

Trend Trading Chart Thread

euro — ok. i have a limit order to sell euro at 2900 and join all of you in the party. sl at 2550. hope the damn thing triggers. still staying away from cable. audusd is coming down and has closed below my counter trend line but not closed ...

Trend Trading Chart Thread

yesterday pivot points, today round numbers, tomorrow volume, day after MAs, the day after day after RSI..... Dan will be drowning in indicators before you know it joking.

DanUK Trend Trading Journal 2010

you mean a retracement that doesnt hold right? like now when price is currently rising and 2300 is not able to hold it down but 2500 does?

Trend Trading Chart Thread

as in chart.

Trend Trading Chart Thread

so you entered on top of that big bull bar? you enter on what break of high/low?

DanUK Trend Trading Journal 2010

yes, am only in on my eurcad from yest. . i did warn yesterday, do respect that counter trend line ...the few times i have been right.. who knows it might now reverse and prove me for the fool i am

Trend Trading Chart Thread

buy on selling climax — i really hate that term. anyway, i had a go at this during lunch hour. unfortunately i chickened out for a grand total of 5 pips. not worth even a big mac. if i had held on, i would be doing good.

DanUK Trend Trading Journal 2010

cable — those who are short, watch carefully. UK budget is on, and £ might surge up in large moves. or down for that matter. what do i know.

Trend Trading Chart Thread

yes read about this now.. . i have now found the full tom williamns book. the link that marketscape posted a few days back had only a small portion of the book. this bleeding book is lenghty and quite heavy, so definitely not leisure reading. ...

DanUK Trend Trading Journal 2010

i refer to the surge corresponding to the previous red volume candle, which i believe is the buying climax candle. see my chart.

DanUK Trend Trading Journal 2010

why not a trade at the previous buying climax candle? (sheesh, what a term!)

DanUK Trend Trading Journal 2010

commander, how goes your intraday system

DanUK Trend Trading Journal 2010

commander, on your eurusd, why arent you using high of 21/5 for your fib?

Trend Trading Chart Thread

usdchf, yes daily closed as engulfing just above 50% fib. however there is a s/r line at 1.115 and closed below it. so for now, i am staying away.

Trend Trading Chart Thread

eurcad chart attached. shd be clear why i am considering 2600. cable - countertrend line is drawn.price has been trending upwards since 8th june and still not broken.

Trend Trading Chart Thread

yes it is. i am also watching eurcad to go short at 2600. btw none of you guys seem to be bother with the countertrend?

Trend Trading Chart Thread