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Trend Trading Chart Thread

  • #201
  • Nov 5, 2009 7:39am Nov 5, 2009 7:39am
Quoting coolshades
ah, sell at 1,065? actually this is a pair i am watchign very closely, so let me know first if i got it right
Not quite... think upper trendlines and a big discount!

If anyone else can spot it too please feel free to join in!! Should be a good learning game!

Regards,

Dan
  • #202
  • Nov 5, 2009 7:42am Nov 5, 2009 7:42am
I am in 2 trades at the moment using this system and right now I am +40 pips, I got a nice entery signal on both of them and so far so good! I just closed half the lot on USDCAD, lets see where the second half of the trade goes, SL moved BE.
  • #203
  • Nov 5, 2009 7:44am Nov 5, 2009 7:44am
1.16 ish or 1.1 ish?

Quoting DanUK
Not quite... think upper trendlines and a big discount!

If anyone else can spot it too please feel free to join in!! Should be a good learning game!

Regards,

Dan
  • #204
  • Nov 5, 2009 7:47am Nov 5, 2009 7:47am
I nice move in the EURUSD between the 2 trades nearing 100 pips, SL moved to BE on both trades I just closed half the lot on the EURUSD.
  • #205
  • Nov 5, 2009 7:53am Nov 5, 2009 7:53am
Good morning Dan...fellow trend traders!

I think I just found my new home and look forward to contributing to the thread.

I trade higher time frames... weekly/daily and look for a trend to start and ride the trend as long as possible.

I trade everything from currencies, stock etf's, commodities and just apply the same methods for each group.

Risk management is the key to riding trends, trade small, let the trade develope, have a hard stop in place and go play golf!

Look forward to participating in the trend following family.

golferfx
  • #206
  • Nov 5, 2009 7:55am Nov 5, 2009 7:55am
Quoting DanUK
Not quite... think upper trendlines and a big discount!

If anyone else can spot it too please feel free to join in!! Should be a good learning game!

Regards,

Dan
1.0850 would have been great, but I guess you sold @ 1.0800?
  • #207
  • Nov 5, 2009 8:05am Nov 5, 2009 8:05am
The EURUSD is having a little trouble getting over the 1.4900 hump but I suspect it will make it! Here is my trigger chart, once it got over the 4900 I moved my stop to break even might have been a little premature on that but we will see
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd trigger.gif Size: 20 KB
  • #208
  • Nov 5, 2009 8:11am Nov 5, 2009 8:11am
EURUSD Second half of the trade got stopped at BE, so no pips in the second half.. BUt the setup still looks valid so maybe another entry soon...
  • #209
  • Nov 5, 2009 8:14am Nov 5, 2009 8:14am
Between the 2 trades I managed +80 pips the USDCAD is still play but it looks like the second half will be stopped out at BE.
  • #210
  • Nov 5, 2009 8:27am Nov 5, 2009 8:27am
folks, no new trades for me, watching right now. a request: let's not clutter this thread too much, trade calls are good, but i dont think we need to have in-trade updates.

but then again this is Dan's thread ,so what he wants goes.
  • #211
  • Nov 5, 2009 8:35am Nov 5, 2009 8:35am
Quoting coolshades
folks, no new trades for me, watching right now. a request: let's not clutter this thread too much, trade calls are good, but i dont think we need to have in-trade updates.

but then again this is Dan's thread ,so what he wants goes.
Message recieved have a good day guys good luck!
  • #212
  • Nov 5, 2009 9:20am Nov 5, 2009 9:20am
Hi guys,

I don't mind trade updates too much but keep them fairly concise please!

The main purpose of this thread is to get some charts up (that reflect the trend trading approach outlined on the first page) to inspire and help each other out.

Regards,

Dan
  • #213
  • Nov 5, 2009 9:20am Nov 5, 2009 9:20am
Quoting DanUK
Yeah I agree... I like the action on A/U - in fact I have a little buy on that one... I wonder if anyone can explain where and why (I'll give you a clue... it was a really easy trade!)?

Regards,

Dan
Hi dan got in @0.900 though 0.8500 should have been the better entry but at break even at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: jol3.jpg Size: 149 KB
  • #214
  • Nov 5, 2009 9:27am Nov 5, 2009 9:27am
Quoting golferfx
Risk management is the key to riding trends, trade small, let the trade develope, have a hard stop in place and go play golf!
That's my kind of trading!

Welcome to the family; we look forward to your future contributions!

Regards,

Dan
  • #215
  • Nov 5, 2009 9:28am Nov 5, 2009 9:28am
Quoting castlerock
Hi dan got in @0.900 though 0.8500 should have been the better entry but at break even at the moment.Attachment
Good work mate!
  • #216
  • Nov 5, 2009 9:30am Nov 5, 2009 9:30am
Quoting bazooki
1.0850 would have been great, but I guess you sold @ 1.0800?
And the prize goes to...
  • #217
  • Nov 5, 2009 9:55am Nov 5, 2009 9:55am
Quoting DanUK
And the prize goes to...
thank you (for those wanting an explanation: upper descending trendline on h4/daily and 76.4 fib)

A/U: got in a little late @ 0.9050, still looking good, do you have a TP in mind, or really only use the 100 pips trailing stop for all your trades?
  • #218
  • Nov 5, 2009 10:52am Nov 5, 2009 10:52am
I find it easier to stick with the trailing stop! Hurts the brain less and prevents fear and greed from messing up your trade!
  • #219
  • Nov 5, 2009 3:59pm Nov 5, 2009 3:59pm
I know everyone is looking to sell the pound and she keeps bucking us off. I will not even look at my chart any more until the 1.7100 area is in play.

Then I will start to get interested...until then...nothing!!!

golferfx
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd weekly.gif Size: 22 KB
  • #220
  • Edited 10:54am Nov 6, 2009 10:06am | Edited 10:54am
Quoting DanUK
I find it easier to stick with the trailing stop! Hurts the brain less and prevents fear and greed from messing up your trade!
do you do this manually (like jacko) or automatic (pip by pip)? i suppose you got stopped out usd/cad (100 pips profit?)? i entered @ 1.07, should have trusted the technicals and entered @ 1.0750!
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