makes sense i guess. i was looking at the lower fib area. anyway, i am in too.

DanUK Simple EUR/USD Trading Journal 2009

its possible (not done it myself and nowhere near the maturity/experience level). mysticgenie has done it too. you can search for his posts, though inactive now.

£2000 to £20000

chicky, could i ask why you would expect to see 1.5 on eurus? on the weekly charts, i think price is currently at a resistance level, on the daily its on a bearish double top.. what am i not seeing? thks

EURUSD

castle, can i ask why your fib is from high of 8/9 and not from the more recent high of 11/9?

DanUK Simple EUR/USD Trading Journal 2009

hi wb, would you mind posting a chart for this? why that particular price?

The WoRmHoLe

pp, your charts are a bit unclear. essentially you seem to trading trend line bounces and s/r bounces?

DanUK Simple EUR/USD Trading Journal 2009

steve see #551

DanUK Simple EUR/USD Trading Journal 2009

dont let your fear of jumping too late make you jump in too early. for those who like the high of trading but dont have the patience, i would recommend a play account in which you trade ridiculously low volumes (1 unit). that makes it real enough ...

DanUK Simple EUR/USD Trading Journal 2009

NZDUSD — right now this is what i am watching

Trend Trading Chart Thread

i am coming from the fact that for me 3-4 h4 candles do not make a trend. i prefer to make my pips when a trend is already in place and running than in trying to predict a trend and be in on it early on. cable might well be on a huge uptrend now, ...

DanUK Simple EUR/USD Trading Journal 2009

matter of fibs — its really how you draw your fibs. if you draw fibs from the most recent swing high to most recent swing low then that would be the high of 11/9 and low of 13/10 giving a 50% fib around 6250. whereas you seem to have drawn ...

DanUK Simple EUR/USD Trading Journal 2009

there isnt a man alive who can predict a change in trend! if that were the case, warren buffett or bill gates would not up there alone in their splendid isolation. cable is in an uncertain area for me and if anything i am inclined towards fxacs' ...

DanUK Simple EUR/USD Trading Journal 2009

cable is in a no trade zone for me now. in fact cant see any set up on any pair. euro shd fall for me to be interested in it.

DanUK Simple EUR/USD Trading Journal 2009

btw i am the wrong un to ask questions of. i am learning too. castle and dan are the men.

DanUK Simple EUR/USD Trading Journal 2009

Pip, that's a very good question and something i have been wondering today myself. i think more important than the .50/00, is the rejection or break of trend line. the 0.5/00 is a rather arbitrary number which we have come up with to suit ourselves. ...

DanUK Simple EUR/USD Trading Journal 2009

i will be watching how price reacts to descending short term trend line. my trend line is from top of 11/9, 23/9 and 14/10 on the h4. lets see.

DanUK Simple EUR/USD Trading Journal 2009

No GU sell for me — i am not in this trade even though i was watching the 595 area. reason being price did not close below 595 for me and i would have wanted it to do so before entering. i am on mt4 and price closed exactly at 595 on one of ...

DanUK Simple EUR/USD Trading Journal 2009

how have you guys come onto the 595 area? or is that based on 05/00 numbers? cause on my charts the 50% fib is closer to 5900. in ANY case, i might pull the trigger if h4 price closes below downward trend line. lets see. we missed a buy on eu (or ...

DanUK Simple EUR/USD Trading Journal 2009

b**ger. closed my usdjpy by mistake. #1 in the book of juvenile mistakes by traders. well, looking out for other opps now.

Trend Trading Chart Thread

the only thing i will add to this is when price reaches your area of interest, do drill down to h1 for confirmations that prices closes above/below area of interest before firing trigger. if you wait for h4 candle closure you might miss an entry.. ...

Trend Trading Chart Thread