Sentiment: Short on cash. Long on hope.
Advanced Manual Stop Loss Strategy 2 replies
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DanUK's Intraday Experiment 279 replies
DanUK Simple EUR/USD Trading Journal 2009 1,005 replies
DanUK Trend Trading Journal 2010 433 replies
DislikedDan, Thanks for the Oanda link, I will check it out as at the moment I can only trade in full pound lots.
Hi Paul, as you're UK based, you could try SmartLiveMarkets.
They are a spreadbetting company, but i've found them to be good.
Their charts are good, as they use MT4.
Also, the minimum trade size is 10 pence a pip.You can trade at this size for ever if you wish, it doesn't have to increase after a certain time, unlike most other sb companies.
RegardsIgnored
DislikedGJP, remember...Dan's not responsible for any trades we may take. The ultimate decision to take or not take a trade is each person's to make. This is not a signal service, but rather a thread devoted to training how to do Advanced Trend Trading and using current examples to help in the process.
Kind Regards,
NeoRioIgnored
DislikedThis trade was taken from my own assessment of the daily chart, not sure why you think otherwise?Ignored
DislikedThis NU setup looks interesting (for a long with a break above today's bullish candle...if we get one)...but I'm torn on this one as the trend looks bearish based on swing analysis. The Weekly TL and the 200 ema acting as support coupled with the 61.8% level getting a clean bounce are making me thing of testing the bullish waters out...but it's Christmas week! What to do!??Ignored
Disliked(Disclaimer: It's Christmas week!--not the best time to be doing this!)
That said...
I'm not suggesting others jump into this trade, but it is something I discussed in my weekly analysis of a setup that looked to be forming. The AJ on the D1; last week, price broke resistance of 83.00, then came back to retest it and now we have a BUOB that just closed. I just set a buy stop above the high of yesterday's candle...with a very small position.
Best Regards,
NeoRioIgnored
DislikedThe issue I have with this setup is we are missing a 50% confirmation. . .Ignored
Dislikedi don't use fundamentals , but as an aside ...some states are broke...thier muni bonds maybe headed toward junk status .... this muni bond ETF is looking spooked
anyone know where i can find a good scanner ? would like to scan the universe of etf's and currency pairs for hammers , engulfing candles and inside bars.Ignored
DislikedHey NeoRio,
My technical analysis with NZDUSD is exactly the same as yours! The confluence of the long term trend line and the 61.8 fib level as well as the subsequent bounce up definitely looks too tempting. I posted my chart in another thread and didn't notice yours till now lol. Personally the confluence of support(trendline) and the fib level 61.8 would give me the confidence to go long with SL just below the trendline, but as a conservative trader I would wait for the most recent trend(which is down) to break its relevant down trendline or...Ignored
DislikedThis NU setup looks interesting (for a long with a break above today's bullish candle...if we get one)...but I'm torn on this one as the trend looks bearish based on swing analysis. The Weekly TL and the 200 ema acting as support coupled with the 61.8% level getting a clean bounce are making me thing of testing the bullish waters out...but it's Christmas week! What to do!??Ignored
DislikedI've just sold this off the break of the daily pinbar, also off 61.8 fib and weekly s/r, and downwards trendline. Definitely not the best time of the year to be trading but its just a small position, Lets see.Ignored