Dislikedhere is the one i use, just plot in the distance u want between the lines and start it off at a round number so it stays even.
I know dan uses one where it has dotted lines for minor rounds and solid for major rounds but im not sure what that one is.Ignored
- | Joined Sep 2009 | Status: Member | 108 Posts
Hi dan nice trades I'm in a couple myself but i have went long already usd/cad at the 1.0600 mark. thought the gu was a nice one at 1.600 still in usd/chf long at 1.0450 and about 20pips short as i wright off +500 pips aud/usd charts were posted at time these trades were taken they are still in play anyone else take the trades dan has just posted they are all nice straight forward keeping with the method trades.
- | Joined Nov 2006 | Status: very junior member | 1,576 Posts
first off. STOP PUTTING YOURSELF UNDER PRESSURE. dont let any posts about traders taking trades or making gazillion pips affect you. this is not a race. your only competition is with yourself. no one else.
trading is hard enough and one does not need to be berating oneself to make it even harder!
secondly, i am the worst trader on the planet. i regularly win the annual awards for that and for the last 3 years i have my mantelpiece brim full with them.
inspite of that, after 3 years, last year turned positive for me, and in jan i had a 8% growth to my account. note that i trade a 3 digit account but % growth is % growth irrespective of size of account. and i trade max 2:1 leverage, so i am not a risk taker really.
the point i am making is if i can do this, so can anyone.
i trade dan's system primarily long term, but also trade pa and trendline, s/r stuff on h4 or 1h time frames.
now coming to euro, see my daily and h4 charts. yes on the daily one can get confused about trend direction, however in my opinion, until price reaches atleast 1.46 or so, only then can an upward trend be considered to have resumed. why 1.46, because for me that was the last swing low before the high of 1.5.
now this might contradict with the long trade i took off 1.39, but for me the confluence on the daily at 1.39 was too good to miss and i was careful to exit quickly. yes i did miss the short though.
but really, if you are trading off the h4, then how the trend looks on the h4 is all that matters.
if you look at the h4 on the euro, there is only one trend since december.
hope this helps.
and again, remember this is not a competition. you are your friend and worst enemy. ignore the noise. dont pressure yourself.
trading is hard enough and one does not need to be berating oneself to make it even harder!
secondly, i am the worst trader on the planet. i regularly win the annual awards for that and for the last 3 years i have my mantelpiece brim full with them.
inspite of that, after 3 years, last year turned positive for me, and in jan i had a 8% growth to my account. note that i trade a 3 digit account but % growth is % growth irrespective of size of account. and i trade max 2:1 leverage, so i am not a risk taker really.
the point i am making is if i can do this, so can anyone.
i trade dan's system primarily long term, but also trade pa and trendline, s/r stuff on h4 or 1h time frames.
now coming to euro, see my daily and h4 charts. yes on the daily one can get confused about trend direction, however in my opinion, until price reaches atleast 1.46 or so, only then can an upward trend be considered to have resumed. why 1.46, because for me that was the last swing low before the high of 1.5.
now this might contradict with the long trade i took off 1.39, but for me the confluence on the daily at 1.39 was too good to miss and i was careful to exit quickly. yes i did miss the short though.
but really, if you are trading off the h4, then how the trend looks on the h4 is all that matters.
if you look at the h4 on the euro, there is only one trend since december.
hope this helps.
and again, remember this is not a competition. you are your friend and worst enemy. ignore the noise. dont pressure yourself.
thanks, i am struggling big time at the moment, just cant seem to get anything right.
there seems to be 2 trendlines u can draw on the eu for example. daily one and the 4 hour 1 which is like a mini one. im assuming eu will pull back eventually.
im so close yet so far. dam its so frustrating argh
- Joined Nov 2008 | Status: You must obey the dance commander | 2,038 Posts
i didnt even see all of those trades dan, its frustrating,
just reviewed all of your trades and they are in good spots with the trend. looking back its easy to see why, great stuff!
this method is great once you know what your doing
Don't worry - you will get there. It takes a lot of practice and a lot of patience waiting for the right setup... but you will get there - don't forget I have been trading this system/method for a couple of years now and have been involved in trading for a few more years on top!
The thing that helped me massively was focusing on one system and keeping a journal of my trades so that I could see where I was getting it right and where it went wrong.
Hope that helps a bit!
Regards,
Dan