DanUK Simple EUR/USD Trading Journal 2009 | Page 38 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading is this Simple? Finally Explained simple and clearly! 46 replies

DanUK's Advanced Trend Trading Strategy 1,222 replies

DanUK's Intraday Experiment 279 replies

DanUK Trend Trading Journal 2010 433 replies

Eur Simple Trades High Risk Journal 26 replies

Attachments: DanUK Simple EUR/USD Trading Journal 2009
Exit Attachments

DanUK Simple EUR/USD Trading Journal 2009

  • #741
  • Oct 30, 2009 11:01am Oct 30, 2009 11:01am
i took profit at 100 pips since the 485 is a strong resistance level.

the usdchf isnt doing too well, let's see.


Quoting Xj8
Entered the Euro at 1.4750 after it stumbled along the 1.4700 for a while, moved nicely to 1.4850+ allowing me to get to break even, price turned around shortly after and stopped me out at break even. With hindsight, looking at the battle that took place at 1.4850 without a single candle (4h) closing above it and it was very nearly a 50% retrace from that short move down, plus historical data showed this to have been previous support, signs were really saying, we're heading back down, ignore it at your pearl. However, it's a learning experience...
  • #742
  • Nov 1, 2009 3:48pm Nov 1, 2009 3:48pm
on my weekly charts, everything seems to be heading south, so will hold fire till morn comes.
  • #743
  • Nov 2, 2009 6:06am Nov 2, 2009 6:06am
Euro has hit 1.4850 and bounced it back to 1.4700 on a couple of occassions, decided to get back into the Euro when it showed support at the 1.4700 again.

Entered at 1.4750

Reason for entering:

Moved down and hit the trendline
61.8% of the bigger move up
1.4700 round number

All serving as reasonable barriers to support a buy.
Attached Image (click to enlarge)
Click to Enlarge Name: eu trade 02 nov.jpg Size: 133 KB
  • #744
  • Nov 2, 2009 10:27am Nov 2, 2009 10:27am
Hi all,

After a very busy couple of weeks in my new place I am finally back to trading. I won't be posting much at the moment due to internet issues at home but I will be trading via the mobile and posting from my office! It seems everyone is doing well which is great... I have some reading to do to catch up on where everyone is! If there are any questions or if I can be of any help at all I am around (from time to time)!

Regards,

Dan
  • #745
  • Nov 2, 2009 12:52pm Nov 2, 2009 12:52pm
Hi Dan good to see you back, great thread and congratulations with the new baby.
  • #746
  • Nov 2, 2009 12:56pm Nov 2, 2009 12:56pm
Nice to see you back Dan.

Now lets go and make some monies hehe.

Or try at least lol!
  • #747
  • Nov 3, 2009 3:43am Nov 3, 2009 3:43am
Thanks guys! It's good to get back to it!

My E/U long from 1.4750 (opened yesterday) closed today at breakeven. I am looking again for a sign to get back in. Ideally I would like to see 1.4700 get hit again and then for price to shoot upwards - but who knows what will happen...
  • #748
  • Nov 3, 2009 5:58am Nov 3, 2009 5:58am
Hi Dan,

Quoting DanUK
Thanks guys! It's good to get back to it!

My E/U long from 1.4750 (opened yesterday) closed today at breakeven. I am looking again for a sign to get back in. Ideally I would like to see 1.4700 get hit again and then for price to shoot upwards - but who knows what will happen...
Just curious. I was also in at 1.4750 but my price never got to +100 so that I could move it to BE (fell 6 pips short, and not while I was at the pc - I'm with IBFX). Consequently, my SL was hit for -100. I, too, am now waiting for an entry back in at 1.4700.

Can you confirm whether yours hit 1.4850 or did you use your discretion as near enough was good enough, for moving your trade to BE?

Cheers,
Art...
  • #749
  • Nov 3, 2009 7:47am Nov 3, 2009 7:47am
Quoting Artamon
Hi Dan,


Just curious. I was also in at 1.4750 but my price never got to +100 so that I could move it to BE (fell 6 pips short, and not while I was at the pc - I'm with IBFX). Consequently, my SL was hit for -100. I, too, am now waiting for an entry back in at 1.4700.

Can you confirm whether yours hit 1.4850 or did you use your discretion as near enough was good enough, for moving your trade to BE?

Cheers,
Art...
Hi Artamon,

Mine was a discretionary move. Price came within 5 pips which is good enough in my opinion to move your stop loss... I however didn't move my stop straight away. I decided to hold on for a bit. Then, this morning price was unable to break back above 1.4800 so I decided to move my stop to breakeven which was subsequently hit.

I do tend to stick to the 100 pips rule pretty rigidly but I wouldn't be happy taking a loss for the sake of 5 or 6 pips - sometimes capital preservation has to overrule the exact 100 pips criteria.

Hope that helps.

Regards,

Dan
  • #750
  • Edited 9:21pm Nov 3, 2009 1:44pm | Edited 9:21pm
Anyone going long? 8hr & Daily... I know some are thinking trend reversal(shorts). I'm not convinced. All comments appreciated.

Joe
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2009-11-03_1337.png Size: 31 KB
Click to Enlarge Name: 2009-11-03_1813.png Size: 27 KB
  • #751
  • Nov 4, 2009 2:51am Nov 4, 2009 2:51am
Quoting Ninja
Anyone going long? 8hr & Daily... I know some are thinking trend reversal(shorts). I'm not convinced. All comments appreciated.

Joe
Hi Ninja,

Stick with the trend! I am in long at 1.4700 - anyone else take the trade?

Regards,

Dan
  • #752
  • Nov 4, 2009 2:58am Nov 4, 2009 2:58am
Quoting DanUK
Hi Ninja,

Stick with the trend! I am in long at 1.4700 - anyone else take the trade?

Regards,

Dan
err i am in short at 1.4725 with 100 pips SL
on he 4h chart there is no higher high after the last high at 1.5063 on 26th oct. not convinced it's gonna be bullish again.
i may be wrong of course. let's sit back and see.
  • #753
  • Nov 4, 2009 3:20am Nov 4, 2009 3:20am
Long 1.4700 due to bounce of 1.4650 aprox and TL.

Here we go! come on son!.... hehe
  • #754
  • Nov 4, 2009 4:32am Nov 4, 2009 4:32am
Quoting herzog21
err i am in short at 1.4725 with 100 pips SL
on he 4h chart there is no higher high after the last high at 1.5063 on 26th oct. not convinced it's gonna be bullish again.
i may be wrong of course. let's sit back and see.
I find it's best to only pay attention to swing highs and swing lows that show up on a daily chart - otherwise things get overcomplicated. Of course I could be wrong and we could be seeing a trend change but that is not the safest trade - the safe trade is to bet on the trend.

Regards,

Dan
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-11-04_1029_EU.png Size: 44 KB
  • #755
  • Nov 4, 2009 5:33am Nov 4, 2009 5:33am
Quoting DanUK
I find it's best to only pay attention to swing highs and swing lows that show up on a daily chart - otherwise things get overcomplicated. Of course I could be wrong and we could be seeing a trend change but that is not the safest trade - the safe trade is to bet on the trend.

Regards,

Dan
hi...if you switch back to the H1 chart you will see that the 0800GMT candle onwards, the pair has broken downwards convincingly and it is now struggling to get upwards.
i drew a trendline from 26th oct high to 2nd nov lower high and currently the pair is meeting some resistance. well....let's see how it goes esp with the high impact news expected later tonight.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 21 KB
  • #756
  • Nov 4, 2009 6:36am Nov 4, 2009 6:36am
i am sitting out this pair actually. am still p**ssed off about my audusd trade.

oh well, another one will come soon.

Quoting herzog21
hi...if you switch back to the H1 chart you will see that the 0800GMT candle onwards, the pair has broken downwards convincingly and it is now struggling to get upwards.
i drew a trendline from 26th oct high to 2nd nov lower high and currently the pair is meeting some resistance. well....let's see how it goes esp with the high impact news expected later tonight.
  • #757
  • Nov 4, 2009 7:43am Nov 4, 2009 7:43am
Quoting herzog21
hi...if you switch back to the H1 chart you will see that the 0800GMT candle onwards, the pair has broken downwards convincingly and it is now struggling to get upwards.
i drew a trendline from 26th oct high to 2nd nov lower high and currently the pair is meeting some resistance. well....let's see how it goes esp with the high impact news expected later tonight.
Hi,

Yes I see what you mean however I only use the H1 chart for watching price react as it is easier to see - I don't use anything below an H4 chart for analysis.

Regards,

Dan
  • #758
  • Nov 4, 2009 7:52am Nov 4, 2009 7:52am
Quoting DanUK
Hi,

Yes I see what you mean however I only use the H1 chart for watching price react as it is easier to see - I don't use anything below an H4 chart for analysis.

Regards,

Dan
looks like u were right to go long on this pair.
  • #759
  • Nov 4, 2009 9:09am Nov 4, 2009 9:09am
Quoting herzog21
looks like u were right to go long on this pair.
It's looking pretty good at the moment. Fingers crossed we might see a bit more action before the day is over!

The trick is patience... waiting for the right moment to get back into the trend. That's all there is to it!!

Regards,

Dan
  • #760
  • Nov 4, 2009 9:21am Nov 4, 2009 9:21am
Quoting DanUK
It's looking pretty good at the moment. Fingers crossed we might see a bit more action before the day is over!

The trick is patience... waiting for the right moment to get back into the trend. That's all there is to it!!

Regards,

Dan
on the D chart there were congestion past 6 days plus the h4 chart were showing bearish bias.
how do u see a bullish bias from all these?
care to enlighten?
0 traders viewing now