Hi Dan, just popped in to see what your up too. Good to see your still going strong mate.
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DislikedHi guys,
Some inspiration was drawn from BWILC but I don't want to discuss that too much due to copyright issues that seem to affect threads (feel free to PM me though if you want).
Regards,
DanIgnored
DislikedHi Mitch,
It came about towards the end of last year; after having our second child and moving to our new home I found that I had less and less time (and inclination) to study/analyse charts and with an increasing work load I had less and less time to babysit trades! I therefore decided I needed something a little more long term but I still wanted to make a considerable return on my money.
So, at the start of the year (2010) I opened a separate (smaller) account to start trading dailies. My method is...Ignored
DislikedGotta ask, occupation, Dance Commander?? Am I the only one to ask?
Great Thread!!!
generalzIgnored
DislikedHi Mitch,
It came about towards the end of last year; after having our second child and moving to our new home I found that I had less and less time (and inclination) to study/analyse charts and with an increasing work load I had less and less time to babysit trades! I therefore decided I needed something a little more long term but I still wanted to make a considerable return on my money.
So, at the start of the year (2010) I opened a separate (smaller) account to start trading dailies. My method is...Ignored
DislikedThats how i essentially do it on the dailies Dan. Im hanging on the the euro adding on the way . PLanning to add on the retest of the 1.3440 area. Only difference is i get out quick if it goes against me on my intial entry or on my subsequent entries. Then i let the market pick me up on the way back down, like you normally do on the 4hr. Actually i was debating that for a while if to get in at the point i think its going to turn or leave a stop order entry below the market and let it pick me up on the way down. Your method helped sway me in my decision,...Ignored
Dislikedthere is a forex commentator called ashraf laidi who has 1.32 for euro this year. i am not in any euro short, but am in usdchf long so lets hope it fallsIgnored
DislikedDaily Trading Summary
Here is a brief summary of how I am trading the daily charts:
Step 1 – Key Support & Resistance Levels
In my opinion horizontal support and resistance levels are the key to the market. These are the levels where the big boys are buying and selling and that should interest us, the retail trader.
[color=black][font=Verdana]The first step is to identify the nearby key levels of support and resistance that may...Ignored
DislikedThanks for explaining your method changes Dan, can you post some charts showing your entry and when you have added to the position i.e. your current eurusd & gbpusd trades? I think a picture paints a thousand words.
All the best and thanks again for all your help.Ignored
DislikedNo problem... one E/U chart attached; I have highlighted the s/r levels used to trade from.
Regards,
DanIgnored
DislikedI forgot to mention E/U... price would have to break above 1.3500 and then 1.3800 before I would consider a trend change (as things stand at the moment).
1.3500 would be the warning sign; time to liquidate positions. 1.3800 would be the first practical trade long.Ignored
DislikedDaily Trading Summary
Here is a brief summary of how I am trading the daily charts:
Step 1 – Key Support & Resistance Levels
In my opinion horizontal support and resistance levels are the key to the market. These are the levels where the big boys are buying and selling and that should interest us, the retail trader.
[color=black][font=Verdana]The first step is to identify the nearby key levels of support and resistance that may...Ignored