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-   -   Trend Trading Chart Thread (https://www.forexfactory.com/showthread.php?t=187619)

coolshades Jan 22, 2010 10:57am | Post# 761

the problem is you are forcing it on us despite being politely told that this thread is for a different system.

no doubt your system is very successful to you and many others. as you yourself said, traders help traders so please start your own thread.





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traders help traders.take it or leave it .no one forcing you.and its free.
all the best
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DanUK Jan 22, 2010 1:24pm | Post# 762

Keeping on track
 
i mean entering with the trend with price confirmation.yes you can say jakos system or any body.with bigger trend theres lot of smaller trend . enter with price confirmation and take advantage of smaller move ment or exit the possition.
i belive exit is most important than entry.i am a day trader some time i do take swing trade.
its your thread if you dont mind i will post some charts and explain how i trade.
if any one gets little from me i will be glad i helped someone .any question ?
Hi,

You are welcome to post charts here but they must have some resemblance to what we are trading here otherwise it will distract from what we are trying to do here - that is to discuss potential trades and to dissect trades taken in accordance with the general rules detailed in the first post of the thread.

It is clear that no one here wants to deviate from the original method so please respect that. Also we generally discuss H4/daily charts so please don't post any charts smaller than H1.

Please don't take this the wrong way - every one is welcome here, but I don't want this thread going off course.

Thank you.

Dan

coolshades Jan 22, 2010 3:29pm | Post# 763

any luck this week?
 
for anyone?

i have exited my AH usdchf for a few measly pips. will wait for next week to see what gives.

bluehorizon Jan 23, 2010 9:28am | Post# 764

for anyone?

i have exited my AH usdchf for a few measly pips. will wait for next week to see what gives.
no.. messy week... 80 pip loss on nzudusd, 50 pip loss on audjpy (trailed up maybe too soon).. looking for AH if doesn't break support convincingly

DanUK Jan 24, 2010 10:03am | Post# 765

Dan , I just found your thread abt a day or two ago while skimming through Jacko's thread. I havent tried trading this on daily. I will try for sure if I can find a setup which looks gud.

BTW, while looking at trades on daily should we include the confluence of the fibs (50%) with the TL ?? Or are we looking at just TLs to trade off?
Hi Vicky,

Sorry I missed your question earlier. I am generally looking to trade off of price reactions at horizontal support/resistance areas and I use both the 50% level and TLs as a guide to which s/r level to look at.

Regards,

Dan

DanUK Jan 24, 2010 10:05am | Post# 766

for anyone?

i have exited my AH usdchf for a few measly pips. will wait for next week to see what gives.
Hi Coolshades,

Not been a particularly good week however I did get back in on the G/U short after the daily shooting star formation. Sold at 1.6300 (100 pip stop) and have moved my stop to 1.6200.

Regards,

Dan

castlerock Jan 24, 2010 10:25am | Post# 767

horizontal
 
1 Attachment(s)
Not a bad week if we remember to use horizontal support/Resistance. a couple of good trades this week this is one of them aud/usd daily is bullish but it has struggled to break pass the 0.9300 took a sell at 0.9250 not sure if i should post this type of set up i feel i have kept within the main principles of this method i will just make it a one off post I'm just making a small point about horizontal S/R .Click to Enlarge

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castlerock Jan 24, 2010 8:51pm | Post# 768

usd/jpy
 
1 Attachment(s)
How nice was this one coming off the daily usd/jpy.Click to Enlarge

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DanUK Jan 26, 2010 12:53pm | Post# 769

USD/CAD
 
1 Attachment(s)
Looks like it's decision time for USD/CAD... if the day closes as a "pin bar" I will be shorting!
Click to Enlarge

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shotshell Jan 26, 2010 1:38pm | Post# 770

Charting difference
 
1 Attachment(s)
Dan, my chart (attached) seems to be quite different than yours - it clearly shows that the price has closed over the trendline in the last several days -
is the difference significant?
do you know why there would be a diffence in the charts?

& how can I fix it so there is no difference? or should I not change it?

Shotshell
Click to Enlarge

Name: usdcad daily.jpg
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coolshades Jan 26, 2010 1:44pm | Post# 771

pretty easy to blow up dan's chart and see how he has drawn his trend line and how you have drawn it, i would have thought?

you are missing a vital clue in dan's post and that is not just the trend line, but the confluence of his trend line, the horizontal s/r line and possible pa.


Dan, my chart (attached) seems to be quite different than yours - it clearly shows that the price has closed over the trendline in the last several days -
is the difference significant?
do you know why there would be a diffence in the charts?

& how can I fix it so there is no difference? or should I not change it?

Shotshell

DanUK Jan 26, 2010 1:46pm | Post# 772

Dan, my chart (attached) seems to be quite different than yours - it clearly shows that the price has closed over the trendline in the last several days -
is the difference significant?
do you know why there would be a diffence in the charts?

& how can I fix it so there is no difference? or should I not change it?

Shotshell
Hi Shotshell,

It's not the chart that is different, just the way we have drawn our trendlines. The first high you are drawing from is not the same as the high I have used. The reason for this is that I tend to use two different trendlines... an extreme trendline (which connects the outer most points) and the current trendline (which connects the most recent or "active" highs).

Trendlines are very subjective which is why I also use horizontal support and resistance levels in my analysis.

Regards,

Dan

Edit: coolshades beat me to it!

shotshell Jan 26, 2010 2:02pm | Post# 773

mea culpa
 
Dan & Coolshades - thanks for the quick replies - you guys are absolutely right - don't know why I couldn't see it.

Also, do you feel the horizontal line at 106.5 is more significant than the trendline?

Shotshell

DanUK Jan 26, 2010 2:05pm | Post# 774

Dan & Coolshades - thanks for the quick replies - you guys are absolutely right - don't know why I couldn't see it.

Also, do you feel the horizontal line at 106.5 is more significant than the trendline?

Shotshell
Hi Shotshell,

Yes in my opinion the horizontal support/resistance levels are the most important thing in trading. There are many ways to trade them and the use of trendlines, fib levels and price action setups (pin bars etc) help to identify the levels to trade from.

Regards,

Dan

castlerock Jan 26, 2010 2:22pm | Post# 775

usd/cad
 
1 Attachment(s)
Hi dan looking at the same area lot of resistance at the 700/750 area just wait and see now.Click to Enlarge

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Size: 139 KB

coolshades Jan 26, 2010 2:24pm | Post# 776

quick reply since i dont seem to have anything else to do this evening.


i think you will find that a reason why jacko and later dan use the 50% fib in their trading style is because the 50% fib coincides with horizontal s/r lines a lot many times.

Hi Shotshell,

Yes in my opinion the horizontal support/resistance levels are the most important thing in trading. There are many ways to trade them and the use of trendlines, fib levels and price action setups (pin bars etc) help to identify the levels to trade from.

Regards,

Dan

coolshades Jan 26, 2010 2:26pm | Post# 777

audusd
 
1 Attachment(s)
something else i am watching tonite.
Click to Enlarge

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bazooki Jan 26, 2010 4:33pm | Post# 778

something else i am watching tonite.
i'm thinking a bit more downside to come (markets not that convincing today * just a feeling * also waiting for E/U to touch 1.4, N/U double bottom on daily?), but yes, from TA perspective this is certainly an area to watch. horizontal support at 0.8900-0.8950 area

edit: E/U @ 1.4 would be at a weekly 50% fib (april09 low - dec09 high)

carrot_yuli Jan 26, 2010 10:35pm | Post# 779

USD CAD
 
1 Attachment(s)
watching this pain too... Price close below TL and 50%fibo.
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Name: trade 2 da.gif
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bazooki Jan 26, 2010 11:02pm | Post# 780

watching this pain too... Price close below TL and 50%fibo.
personally, I wouldn't draw a daily fib that way, the starting point is "too far". I wouldn't really consider it a daily swing.

but still an interesting area, it spiked through a strong descending trendline (as drawn in your chart). watching this also.


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