The idea with the Skype room was to be able to get quicker responses for upcoming trades that would have a valid entry before a reply in this thread would come.
Kind Regards,
Neo
Sentiment: Short on cash. Long on hope.
Advanced Manual Stop Loss Strategy 2 replies
Advanced Strategy Tester 12 replies
DanUK's Intraday Experiment 279 replies
DanUK Simple EUR/USD Trading Journal 2009 1,005 replies
DanUK Trend Trading Journal 2010 433 replies
DislikedFor those interested, here is my weekly analysis
NeoRio's Weekly Analysis
P.S. I'm curious to know how many people here would be interested in starting a Skype room to discuss this trading method? I'd be very happy if Dan would be OK with this idea...and if he'd participate in such a room.
Best Regards,
NeoRioIgnored
DislikedNot sure if you had a chance to see the videos I posted. In this video, if you forward to the 2 minute mark, I asked about candle formations. I was hoping you might comment a little bit about the usage of candle patterns for a confirmation on entry. If you don't mind me asking, what inspired you to use candle patterns for further confirmation after the 50% fib level, S&R levels and TL's? As you know, Jacko (and others) relied quite heavily on the 50% Fib retracement...Ignored
DislikedHi Dan
chart attached, pink arrow shows the bar i took, it looks like a good zone where price has previously supported or resisted, what do you think?
Can i also get your thoughts on this CHFJPY BEOB?
thanksIgnored
DislikedAnyone going long here? meets all my criteria to go long, but Euro is getting smashed on many Euro pairs, so am thinking might be a pause to a further down move.
comments welcome
thanks sohailIgnored
DislikedHi Dan
Could you clarify what you mean by the break of s/r invalidates swing low. Which swing low are you referring to?
Just trying to make sure I understand fully
Also with your EUR/USD & EUR/CAD trades, have you moved your stops to BE yet and if so when did you move them?
Thanks
MarkIgnored
DislikedHello guys
first appologise for my bad english, it is not my first language..
I am new here and was so happy to find this thread, i think it is exactly what i was looking for. i have been trading for about 2 years, trying new method but never actually stick with one , and while jumping from one method to another i have lost a lot of money .
in the last few month i decided to learn and develope my own trading method which is very similar to DanUK metod, no more day trading,no more impulsive in and out,no more not sticking to my ruls.
i...Ignored
DislikedThanks for the answer. On the D1, price is above the 200EMA (long bias), on the H4 it is below the 200EMA. What I ended up doing was placing POs for both long and short. The long PO is set on the D1 TF and has a 180 SL (with proper MM in place). The H4 has a PO below the spinning top candle with a much tighter SL and more moderate targets for TP1.
I use MYFX for managing the trade. I try to always use a TP1 of greater or equal to the initial SL. TP2 is usually set to run.
Best Regards,
NeoRioIgnored
DislikedHow far back do you usually leave a stop on the longer term trades so it is not affected by news like NFP? I have a nice profit building on a couple of trades with a 150 pip trailer, and don't want to mess these up.
Thanks in advance for any answersIgnored
Dislikedhi, im just wondering do you guys hold your trades over the weekends since you guys have quite large stop losses?
or would you exit and re enter again the following week? thanks.Ignored
DislikedHi Neo,
Dan has previously said he plays price bars even if they are consolidating as long as it is with the trend - http://www.forexfactory.com/showpost...&postcount=491
So that's why I played the bar, i believed it was at a key resistance level. It didn't work out though.
Dan do you have any thoughts on this?
thanks,
PIgnored
DislikedHey Dan.
Hello from a fellow Brit (Well, Welshman actually) but probably spend more time in England due to travelling with my job.
Anyway I have spent over a year reading books and forums on forex trading trying to find a way to be comfortable with a way of trading that fits in with my work commitments. I have never demo traded (due to being told that it's unreal and pychologically not the right thing to do) but have practiced on shorter time frames with mixed results. But two things always stand out to me which make a lot of sense, after all...Ignored
DislikedSo sorry to hear this, Dan. Please feel free to remove my post about the Skype room (FF won't allow me to). I never intended to draw attn away from this wonderful thread. I would like to continue to stay with this thread and read every post and contribute.
The idea with the Skype room was to be able to get quicker responses for upcoming trades that would have a valid entry before a reply in this thread would come.
Kind Regards,
NeoIgnored
DislikedHi there. I'd appreciate any comments/input on this AU short trade I've been in for a couple days. Please see my chart (below) to see where I entered. I took the break of the D1 bearish candle...but realized I was going rather CT. I had the opportunity to set stops to BE at +80, right before AUD news the other day (and should have), but didn't. I'm currently at +5 pips (better than the -70 after the AUD news). At any rate...curious for comments or other observations on whether I should exit now or hold.
Thanks,
NeoIgnored