DanUK's Advanced Trend Trading Strategy 1,222 replies
DanUK's Intraday Experiment 279 replies
DanUK Simple EUR/USD Trading Journal 2009 1,005 replies
Trading Journal 2010 34 replies
2010 Journal Experiment: Average 15-30% Per Month With Minimum Draw Down. 13 replies
DislikedJust shorted GBP. Am I concerned if it goes against me in the short term? No.Ignored
DislikedHi Knight,
I am also in GBPUSD short off inner TL and 50% with the trend :-)Ignored
DislikedAre you a speadbetter? Your graph looks similar to something I've seen before.
I am dubious with this pair and have decided upon a contrarian view that this trend is likely to roll over in the not too distant future. But, hey, I could be wrong, but I don't think so. Their house prices seem high to me and higher interest rates ain't going to help. This is not the only reason.
Your trend line fits. I would have at least three indicators for a set up and then I would use price action to determine entry level. I use fibs similar to you if I want...Ignored
DislikedDan,
Although I can see from a 4 hour chart your reasons for entering this trade, I don't understand why you considered the trend to be up, on a daily chart.
I'm attaching what I see.Ignored
DislikedDan,
Although I can see from a 4 hour chart your reasons for entering this trade, I don't understand why you considered the trend to be up, on a daily chart.
I'm attaching what I see.Ignored