Pip, i look at how price interacts with my level of interest. below is the h1 chart with the h4 trendlines on it. note how the h1 bars close above the 50% fib (h1 at 12 pm, 1 pm). i would have waited for one h1 bar to close above the 50% fib and ...

DanUK Simple EUR/USD Trading Journal 2009

not so much as sticking to the rules of this system, but sticking to a system YOU are comfortable with. lord knows i experimented with enough for the first 2 years of trading. its not as if i am suddenly successful, but this year my account is + ve.

DanUK Simple EUR/USD Trading Journal 2009

on another note, i am missing too many trades. AU at 9200 was a buy for me and stupidly i missed it.

DanUK Simple EUR/USD Trading Journal 2009

i personally wld use AH only on pairs that are very strongly trendign like AU, NU or EU

DanUK Simple EUR/USD Trading Journal 2009

ricky, that's good. imo cable is in an uptrend now. to be honest, cable was always in an uptrend. see the charts on daily for the last 8-9 months. its just that we had a retracement aug onwards. i wil be watchng the 1.64 level for buying ...

DanUK Simple EUR/USD Trading Journal 2009

not sure how you are trading. i have seen some of the charts you have posted in the past, but they dont really adhere to dan's system. dan's system is very very very simple. check trend on weekly, daily and h4 charts based on long term trend, drill ...

DanUK Simple EUR/USD Trading Journal 2009

am still sitting this out. i am now watching eurusd for the 1.485 l level and audusd for the 9150 level

DanUK Simple EUR/USD Trading Journal 2009

just curious, how do you see through all that on your chart?

Cable Update (GBPUSD)

2-3%/month shd be possible for most experienced traders. DT has taken this to the stratosphere that's all. i find it amusing that traders like dt get slagged. all of us on ff are here to make money. its capitalist greed that's driving us. and then ...

£2000 to £20000

unclear to me too and hence i am staying out.

DanUK Simple EUR/USD Trading Journal 2009

"hopefully that will stop any questions from a few others about credibility" dont see a reason why you shd bother

£2000 to £20000

thanks DT. never came across tape reading used so successfully in forex. live and learn every day. keep up the good work. am following you. btw, if you tape read, your broker must be giving you the info or you must be accessing such info elsewhere? ...

£2000 to £20000

D-T, could you explain how you arrived at the long position? in that attached chart, i could not glean much from that m1 chart thks quote=direct-trade;3158662]1st TP hit for +137. url [/quote]

£2000 to £20000

eurusd buy @ 1.485? — did anyone get on this wagon? i missed the bleeding pair

DanUK Simple EUR/USD Trading Journal 2009

pip, i would sell u/c at the 50% fib in my chart. castle has this great idea of trying to see if the 50% fib falls at any s/r level and by my charts, the 50% falls at that particular level. this system can be applied to any trending market. i myself ...

DanUK Simple EUR/USD Trading Journal 2009

thats good going. i dont follow usdchf, maybe i shd.

DanUK Simple EUR/USD Trading Journal 2009

entered nzdusd at 7380. given that the recent high has been at 7493, i have moved my sl to + 50 rather than the normal b/e.

Trend Trading Chart Thread

C/R, that was a good entry. i shd read fibs like that. thks. btw am also in on nzdusd, see other thread.

DanUK Simple EUR/USD Trading Journal 2009

yup. in on sell at 635, and already moved to b/e so sitting back and enjoying the ride now. guess castle is in same position.

DanUK Simple EUR/USD Trading Journal 2009

to all the doubters out there. what DT has done is very much achievable, feasible and has been done by a rare few other traders on FF. i have mentioned mysticgenie ealier and imran sait too springs to mind. i know of a rare few on other trading ...

£2000 to £20000