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DanUK Simple EUR/USD Trading Journal 2009

  • #301
  • Aug 13, 2009 4:10am Aug 13, 2009 4:10am
Quoting fxacs
There is something strange. I don't see the pin bar on my chart, which is a candlestick chart. I switched to your type of chart and still no pin bar.

Is it because I am using another broker? Is this possible?
Yes most likely due to your broker being a different time zone to mine.
  • #302
  • Aug 13, 2009 7:28am Aug 13, 2009 7:28am
Quoting garyfb
OK I am going in at 1.4200 long
100sl
just from the gut.
wish me well!
Best of luck Garyfb; I am in this one with you so I have my fingers crossed for both of us!
  • #303
  • Aug 13, 2009 8:06am Aug 13, 2009 8:06am
In on 4200 now 4300 .100 pips up. moving my sl to tsl 100 Br ev.
good luck Dan.
  • #304
  • Aug 13, 2009 9:48am Aug 13, 2009 9:48am
nice work guys,


may i ask why u guys enter at 1.4200 to me its like in the middle of the S/R lines
  • #305
  • Aug 13, 2009 11:11am Aug 13, 2009 11:11am
Hi Iiiam,

My big res lines are 1.400, 1.450, 1.4100, 1.4200, 14300, 1.4450,1.4500
All on round numbers.
Someone correct me if i am wwwwwwwwrong
just a gut feeling on this entry.
  • #306
  • Aug 13, 2009 11:22am Aug 13, 2009 11:22am
Oh i fortgot 1.4250
  • #307
  • Aug 13, 2009 4:07pm Aug 13, 2009 4:07pm
DanUK

After 4 years of trying to program priceaction have come to the conclusion that discretionary MANUAL trading is the only way to go and this and Jacko's thread are the only ones I follow. Must say this is a great thread with simple constructive advice. One quick question, I just wondered if anyone had any statistics/advice regarding a simple TSL v taking off profit at say 100% return and then trailing the rest?

Kind regards

And thanks for all your "enlightening" hard work.

Andy
  • #308
  • Aug 14, 2009 6:44am Aug 14, 2009 6:44am
Hi Dan,

Im closing my long trade before the weekend 1.4300 100 pips prof.
  • #309
  • Aug 14, 2009 9:55am Aug 14, 2009 9:55am
wwwwow, 2 oclock, lucky I got out just in time.
  • #310
  • Aug 14, 2009 5:16pm Aug 14, 2009 5:16pm
Quoting garyfb
Hi Dan,

Im closing my long trade before the weekend 1.4300 100 pips prof.


Me too. Sometimes I think you have to pay attention to your gut feeling. The EUR/USD was going no where and there was always the possibility of a retracement. It's nice to see the money in your account on Friday.
  • #311
  • Aug 15, 2009 2:57pm Aug 15, 2009 2:57pm
Hi Dan,
Just wandering if you came out 1.4300?
  • #312
  • Aug 17, 2009 1:02am Aug 17, 2009 1:02am
Is there someone who understand the current price movement for E/U and G/U? I don't anymore.
  • #313
  • Aug 17, 2009 4:46am Aug 17, 2009 4:46am
Quoting drandycollings
DanUK

After 4 years of trying to program priceaction have come to the conclusion that discretionary MANUAL trading is the only way to go and this and Jacko's thread are the only ones I follow. Must say this is a great thread with simple constructive advice. One quick question, I just wondered if anyone had any statistics/advice regarding a simple TSL v taking off profit at say 100% return and then trailing the rest?

Kind regards

And thanks for all your "enlightening" hard work.

Andy
Hi Andy,

Yes I too think that manual/discretionary trading is the way to go... although I am sure there are plenty of people who would disagree!

I don't have any statistics about taking off partial profits but my personal preference is to trail the full amount. If I was taking trades against the prevailing trend I might do things differently but as I am trying to ride the trend, so to speak, I prefer to trail the whole lot. Clockwork71 also once said that the reason he doesn't take partial profits is because he doesn't take partial losses! That made sense to me too!

Regards,

Dan
  • #314
  • Aug 17, 2009 4:47am Aug 17, 2009 4:47am
Quoting garyfb
Hi Dan,
Just wandering if you came out 1.4300?
Hi guys,

Congratulations on your trades. I must admit I got spooked and took the money too! At the time I was a little concerned that I had made the wrong choice to close it out but looking at what has happened today I am glad that I did!

Regards,

Dan
  • #315
  • Aug 17, 2009 6:20am Aug 17, 2009 6:20am
That was a good call. I didn't close them and now ... it's bad
What is your opinion about the current situation?
  • #316
  • Aug 17, 2009 7:41am Aug 17, 2009 7:41am
Quoting fxacs
That was a good call. I didn't close them and now ... it's bad
What is your opinion about the current situation?
Well we are back into the range which to me says it is time to sit back and wait for confirmation before taking any more trades. I see trendline breaks on E/U and G/U and the possibility of a trend change.

At the moment however we are in the middle of the range and I would rather sit on the sidelines until we have a more certain trend.

Regards,

Dan
  • #317
  • Aug 17, 2009 8:09am Aug 17, 2009 8:09am
Hi Dan,
I am with you on this.
pin bar on both G/U A and E/U on the week chart. could this be the end of our up trend.
  • #318
  • Aug 17, 2009 8:37pm Aug 17, 2009 8:37pm
Going long at 1.4100
looks good for retrace
  • #319
  • Aug 18, 2009 1:16am Aug 18, 2009 1:16am
Quoting garyfb
Going long at 1.4100
looks good for retrace

Me too, GBP/USD is on the move also.
  • #320
  • Aug 18, 2009 3:32am Aug 18, 2009 3:32am
In fact the retrace was over and the price is going in the trend direction. What did you mean by "looks good for a retrace" ? Do you already consider we are dealing with a downtrend ?
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