DanUK Simple EUR/USD Trading Journal 2009 | Page 45 | Forex Factory

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DanUK Simple EUR/USD Trading Journal 2009

  • #881
  • Nov 26, 2009 1:41am Nov 26, 2009 1:41am
GU, AU long potentials.

Trend is up, 50% retrace. Round numbers. But Bank Holiday in USA so riskier.
Does this make sense?

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Attached Image (click to enlarge)
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Kind Regards zol
  • #882
  • Nov 26, 2009 1:52am Nov 26, 2009 1:52am
Quoting zoli
GU, AU long potentials.

Trend is up, 50% retrace. Round numbers. But Bank Holiday in USA so riskier.
Does this make sense?

Attachment

Attachment

I am in AU at .9224 looking for TP at .9350 . if nothing goes wrong i might be in for a longer swing to .9400 and beyond.
  • #883
  • Nov 26, 2009 2:06am Nov 26, 2009 2:06am
Quoting herzog21
I am in AU at .9224 looking for TP at .9350 . if nothing goes wrong i might be in for a longer swing to .9400 and beyond.
I am in AU 92249 too. Just got in. 100 pips SL.
This may have been a slightly rushed entry as it did not tough the round number though.

GU does look like violent still.
Kind Regards zol
  • #884
  • Nov 26, 2009 2:40am Nov 26, 2009 2:40am
I have exited my AU trade manually when it broke below my trendline near the 50% fibo. the pair looks as if it is going down to the support line.

I may be wrong of course. but better safe than sorry. I don't have a good feeling about this.
  • #885
  • Nov 26, 2009 3:31am Nov 26, 2009 3:31am
Hi Dan, just to confirm is your method still as laid out at the beginning of this thread?

Cheers

ST
" Dont wait for your boat to come in ..... swim out and meet it"
  • #886
  • Nov 26, 2009 3:43am Nov 26, 2009 3:43am
yes.

Quoting speedtrip
Hi Dan, just to confirm is your method still as laid out at the beginning of this thread?

Cheers

ST
  • #887
  • Nov 26, 2009 4:04am Nov 26, 2009 4:04am
sharing my current view on AU. I may be wrong of course.
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  • #888
  • Nov 26, 2009 4:08am Nov 26, 2009 4:08am
herzog, sorry to be harsh but your chart is irrelevant. this system doesnt really care if tops or bottoms or reached and i think no trader should call tops or bottoms irrespective of what system they trade.

i have mentioned a few traders i follow and none of them ever call a top or a bottom.

lastly, the daily candle has got 12 hours more to close atleast (depending on platform). irrelevant to look at a candle in the making.

i am actually long now at 9170 based on the h4 close above 50% fib.

Quoting herzog21
sharing my current view on AU. I may be wrong of course.
  • #889
  • Nov 26, 2009 4:17am Nov 26, 2009 4:17am
Quoting coolshades
herzog, sorry to be harsh but your chart is irrelevant. this system doesnt really care if tops or bottoms or reached and i think no trader should call tops or bottoms irrespective of what system they trade.

i have mentioned a few traders i follow and none of them ever call a top or a bottom.

lastly, the daily candle has got 12 hours more to close atleast (depending on platform). irrelevant to look at a candle in the making.

i am actually long now at 9170 based on the h4 close above 50% fib.
i am pointing out what i see and I did mention that UNLESS it changed, we MAY BE seeing the start of a reversal. which means I do actually think the current trend could continue. I have never really picked tops or bottoms here. pls get yr facts clear.
  • #890
  • Nov 26, 2009 4:20am Nov 26, 2009 4:20am
sorry, that language was uncalled for. bad hair day !



Quoting coolshades
herzog, sorry to be harsh but your chart is irrelevant. this system doesnt really care if tops or bottoms or reached and i think no trader should call tops or bottoms irrespective of what system they trade.

i have mentioned a few traders i follow and none of them ever call a top or a bottom.

lastly, the daily candle has got 12 hours more to close atleast (depending on platform). irrelevant to look at a candle in the making.

i am actually long now at 9170 based on the h4 close above 50% fib.
  • #891
  • Nov 26, 2009 4:22am Nov 26, 2009 4:22am
huh?

Quoting herzog21
we MAY BE seeing the start of a reversal. which means I do actually think the current trend could continue. .
  • #892
  • Nov 26, 2009 4:29am Nov 26, 2009 4:29am
Quoting coolshades
sorry, that language was uncalled for. bad hair day !
It's okay i am cool.


Quoting coolshades
huh?
hmm...i mean to say while there is still 12 hours to go till the close, i am not discounting the possibility that AU will still be on the uptrend. but based on the current downtrend, I am also not discounting the possibility that there may be a reversal too.
I am still watching this plus serveral other pairs. so we will see.
=)
  • #893
  • Nov 26, 2009 5:04am Nov 26, 2009 5:04am
Quoting Pipalicious
Thanks for the reply Dan,

Also one more thing...

I know your main currencies are e/u - g/u. However, do your results come from these two pairs or would you say multiple other pairs have influenced these returns, and if so, which have had the biggest impact for you.

Sorry to be nosey mate.

Cheers.
Hi Pip,

Those results are for my E/U and G/U trades only. My other trades (USD/CAD, AUD/USD etc) which I do not track here are on a very small account and are more for filling in time in-between my main trades than for business! Although my last (and future) A/U trade was placed on my normal account as I've decided to add A/U into my main portfolio.

Regards,

Dan
  • #894
  • Nov 26, 2009 5:05am Nov 26, 2009 5:05am
Quoting ianf0ster
Dan,
I can't believe that I have only just found this great thread. I have been trying to follow Jacko's method for nearly as long as I have been a member of FF.

Keep up the good work,
Ian
Hi Ian,

Thanks! Welcome aboard & feel free to post anytime!

Regards,

Dan
  • #895
  • Nov 26, 2009 5:10am Nov 26, 2009 5:10am
Quoting zoli
Hi DanUK. Subscribing. This is a nice thread, hope to contribute soon with conversation.
Hi Zol,

Welcome aboard... feel free to chime in whenever you want.

Regards,

Dan
  • #896
  • Nov 26, 2009 5:14am Nov 26, 2009 5:14am
Quoting speedtrip
Hi Dan, just to confirm is your method still as laid out at the beginning of this thread?

Cheers

ST
Hi ST,

Yes it is still the same method (although some discussion in the earlier days included references to indicators that I have since ditched). The first post outlines how I trade really.

Regards,

Dan
  • #897
  • Nov 26, 2009 5:20am Nov 26, 2009 5:20am
Quoting herzog21
sharing my current view on AU. I may be wrong of course.
Hi,

I know you've already discussed this with coolshades and I think you have come to the right conclusions.

However I did just want to confirm what coolshades said in that just because we haven't seen a lower high (or for example if a trendline was broken) I wouldn't call a change of trend until our chart has shown that to be true. A/U is in a clear uptrend so the safest bet is to stick with that... until proven otherwise.

My A/U trade closed today for +100 pips and I am considering a re-entry at 0.9200.

Regards,

Dan
  • #898
  • Nov 26, 2009 5:47am Nov 26, 2009 5:47am
Quoting DanUK
Hi,

I know you've already discussed this with coolshades and I think you have come to the right conclusions.

However I did just want to confirm what coolshades said in that just because we haven't seen a lower high (or for example if a trendline was broken) I wouldn't call a change of trend until our chart has shown that to be true. A/U is in a clear uptrend so the safest bet is to stick with that... until proven otherwise.

My A/U trade closed today for +100 pips and I am considering a re-entry at 0.9200.

Regards,

Dan
Thanks for the welcome. I agree in relation to AU trend. We need to make a definate LL too for us to be more confident in the trend change.
Also, EU and AU correlate to reasonable degree and it would be fairly unusual for the trend to change on AU when EU seems strong - not impossible of course.

I am in a rushed long in AU already with signifficiant red. No matter, learning time. If I get stopped out I hope the AH method will help me out.
Kind Regards zol
  • #899
  • Nov 26, 2009 7:49am Nov 26, 2009 7:49am
Quoting zoli
Thanks for the welcome. I agree in relation to AU trend. We need to make a definate LL too for us to be more confident in the trend change.
Also, EU and AU correlate to reasonable degree and it would be fairly unusual for the trend to change on AU when EU seems strong - not impossible of course.

I am in a rushed long in AU already with signifficiant red. No matter, learning time. If I get stopped out I hope the AH method will help me out.
Hi Zol,

Yes it's far too early to be thinking about trend changes!

What is your position on AU? If you made a mistake do you know what went wrong... did you learn anything from it?

Regards,

Dan
  • #900
  • Nov 26, 2009 7:57am Nov 26, 2009 7:57am
Quoting DanUK
Hi Zol,

Yes it's far too early to be thinking about trend changes!

What is your position on AU? If you made a mistake do you know what went wrong... did you learn anything from it?

Regards,

Dan
Dan,

I am getting notifications so can reply soon.

Yes, I did learn from it. My position was 9225. I had a 50% level there but the market just simply gone through with litle hasitation.

My current potentials are here:
Long EU, GU, AU. I do not think I want to take all these trades though.

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EDIT: In fact GU buonced up from 6500 and is already up some 50 pips. Not that bad, is it?
Kind Regards zol
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