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- gododdin replied Oct 12, 2010
No problem - I'm at work at the moment, but I'll put some charts up tonight. Cheers, G
- gododdin replied Oct 12, 2010
Hi all – I just wanted to write that you should listen to what Dan has to say… Following his methods has turned my trading around, to the point where I am able to say “I haven’t had a single losing trade since I started following the method.” A year ...
- gododdin replied Oct 6, 2010
You're welcome!
- gododdin replied Oct 5, 2010
Hi all - I've put together a very simple summary of Dan's method - it's very small - in fact I printed it, laminated it and it fits in my wallet! It doesn't go into any detail at all - just the bare bones of the strategy (I just wanted a check list ...
- gododdin replied Oct 4, 2010
Hi Dan - a couple of questions re your method if I may: How do you treat Sunday bars - just like any other? I'm curious because some people say that they should be disregarded for technical purposes. Do you ever take a 4 hour trade in the direction ...
- gododdin replied Oct 4, 2010
Hi Dan89 - you are right about it coming off the trend line. The only thing is, I have major S/R at 1.33 - right where price is now on my chart - this could cause another upward bounce - though maybe not. Advise caution though... Personally I will ...
- gododdin replied Oct 1, 2010
Hi Sjr That is pretty much the way I do it and from what I understand Dan is similar. Let's say there is an uptrend and a nice retracement to 50% of the last upswing, followed by an outside bar. I place my buy order 12 pips above the high of the OB ...
- gododdin replied Sep 30, 2010
Hi Goldenfishie - sure looks like a high probability trade to me. Trend is definitely down, I have S/R at around 1.33 and that fib is being hit on the button. My only concern would be that price hasn't reached the trendline yet. I will be looking ...
- gododdin replied Sep 29, 2010
Yes Dan89, Bez marked 9876 I think, and I guess you could either round that up or down. On my charts, having looked at the monthly, weekly and daily, I chose to round it down to 9800 which is exactly as you say. Remember that these are areas anyway ...
- gododdin replied Sep 29, 2010
Hi Bez - I'm far from being an expert, but those levels mostly match my own. I was fortunate in getting into the AUD/CAD on the previous (7 Sept) pullback so I'm waiting for a retrace any day now. If it goes back to the level you have marked or ...
- gododdin replied Sep 29, 2010
Hi Dan - I took the exact trade that you point out here and have since moved stop to BE - now waiting to see what happens and 'sitting on my hands' resisting the temptation to take 400+ pips.
- gododdin replied Sep 24, 2010
Thanks Bez - I figured that was the way - it could get very complicated otherwise!
- gododdin replied Sep 24, 2010
Hi Dan - I think I'm getting it now! One thing still puzzles me though - if you add to a position because the trend is continuing, how do you manage the multiple stops? Do you move the initial stop up to match the second position stop and so on, so ...
- gododdin replied Sep 21, 2010
Wherefore hast thou forsaken us, oh great Commander?
- gododdin replied Sep 17, 2010
Hi Eric - you are right about Dan! you raise some good points that I too struggle with. I've put together a quick diagram (using Paint so it's pretty rough!) and would be very grateful to have Dan's take on this. Dan -you said in another ...
- gododdin replied Sep 17, 2010
Hi Eric - no need to worry - you're amongst friends here... I'm sure Dan will answer you more fully but I'll have a go in the meantime. As far as your first question is concerned you are correct. This is what Dan refers to as entering on a ...
- gododdin replied Sep 16, 2010
USD/CHF Lines widened — Hi Dan - Okay, I had a go and the result is below. I found out that you can specify an exact value for the high and low of the rectangle so for now I just added 50 above and 50 below the line.
- gododdin replied Sep 16, 2010
Hi Dan - thanks for that. How are you placing those broad lines - are you using 'Insert Shape>Rectangle' in MT4 or 5? Also, and I know this is getting down to the real nuts and bolts, how do you decide on the width of the rectangle - I note that ...
- gododdin replied Sep 15, 2010
USD/CHF Major S/R from weekly chart — Hi - here is my first attempt at taking major S/R from the weekly chart. I have to say I don't find this easy, so I wouldn't be be surprised if I have some of them 'wrong'!
- gododdin replied Sep 14, 2010
Great Dan! Suits me down to the ground. Would it be okay if I was to post a chart or two of a couple of pairs once I've identified the levels on the weekly chart, just to be sure that they are at least in the ball park?