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DanUK Trend Trading Journal 2010

  • #421
  • Jun 28, 2010 11:57am Jun 28, 2010 11:57am
Quoting coolshades
i think i am long for the same reason, same pair, but stopped out.

no other trades for me.
Did you get stopped at BE?
  • #422
  • Jun 28, 2010 12:44pm Jun 28, 2010 12:44pm
nope. 2 % loss.

Quoting bez3000
Did you get stopped at BE?
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  • #423
  • Jun 28, 2010 12:49pm Jun 28, 2010 12:49pm
Here's the trade...

Long off of S1 on the break of the pin bar (shown by the arrow). We had two high volume sells before the pin that made me consider the trade and used the pin that also had high volume as the trigger.

I moved my stop to BE slightly earlier than normal (although if I hadn't my normal trade rules would have gotten my stop to BE too) as price hit the 110.00 psych level.

Nothing else really caught my eye today!

Regards,

Dan
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  • #424
  • Jun 28, 2010 2:01pm Jun 28, 2010 2:01pm
Hi Dan can you tell me how you have your better volume indicator setup as i had a blue neutral bar on that pin today when you had a red bar?


Quoting DanUK
Here's the trade...

Long off of S1 on the break of the pin bar (shown by the arrow). We had two high volume sells before the pin that made me consider the trade and used the pin that also had high volume as the trigger.

I moved my stop to BE slightly earlier than normal (although if I hadn't my normal trade rules would have gotten my stop to BE too) as price hit the 110.00 psych level.

Nothing else really caught my eye today!

Regards,

Dan
Attached Image (click to enlarge)
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  • #425
  • Jun 28, 2010 3:02pm Jun 28, 2010 3:02pm
what a difference in entry makes! i took exactly the same trade, except that i entered on break of the next bar whereas you entered the rbeak of the pin. loss for me, b/e for you.

i thought you used to take the break of the next bar, so long as it closed (red or green) in the direction of the trade?

Quoting DanUK
Here's the trade...

Long off of S1 on the break of the pin bar (shown by the arrow). We had two high volume sells before the pin that made me consider the trade and used the pin that also had high volume as the trigger.

I moved my stop to BE slightly earlier than normal (although if I hadn't my normal trade rules would have gotten my stop to BE too) as price hit the 110.00 psych level.

Nothing else really caught my eye today!

Regards,

Dan
  • #426
  • Jun 29, 2010 2:01am Jun 29, 2010 2:01am
Quoting coolshades
what a difference in entry makes! i took exactly the same trade, except that i entered on break of the next bar whereas you entered the rbeak of the pin. loss for me, b/e for you.

i thought you used to take the break of the next bar, so long as it closed (red or green) in the direction of the trade?
Hi Coolshades,

If it's a decent setup like a pin or engulfing bar etc I will take the break of that bar. If however it's a VSA based setup without confirming PA I will usually wait for the break of the bar that closes in the direction of my trade... if that makes sense!?!

Regards,

Dan
  • #427
  • Jun 29, 2010 2:10am Jun 29, 2010 2:10am
so this was a pa trade for you?

Quoting DanUK
Hi Coolshades,

If it's a decent setup like a pin or engulfing bar etc I will take the break of that bar. If however it's a VSA based setup without confirming PA I will usually wait for the break of the bar that closes in the direction of my trade... if that makes sense!?!

Regards,

Dan
  • #428
  • Jun 29, 2010 5:44am Jun 29, 2010 5:44am
Quoting coolshades
so this was a pa trade for you?
Yes in part... in fact it was a reasonably good example of how I combine VSA with PA (it would have been a great example if it had turned a profit!).

I was interested first after seeing the high volume selling a few bars before the pin-like bar... that I then used as the trigger to enter long.

Regards,

Dan
  • #429
  • Jun 29, 2010 5:51am Jun 29, 2010 5:51am
Hi bez,

Sorry I missed a couple of your questions earlier...

Quoting bez3000
Hi Dan,
Do you have any more info on the better volume indicator? I understand red=high volume, yellow is low etc...
But what is white climax low? And why are some of the Neutral blue bar longer than others and some have different figures next to neutral? Any info you have or just your understanding of them would be great, thanks.
Try this: http://www.forexfactory.com/attachme...0&d=1242562173 it is the official guide to the BVI.

Quoting bez3000
Hi Dan can you tell me how you have your better volume indicator setup as i had a blue neutral bar on that pin today when you had a red bar?
I have it set to the default settings... I think the difference is probably due to different brokers (which is where VSA can go a little squiggly and the reason that a service provider like eSignal might be a better option).

I would also caution against relying on the colours of the BVI too much... in my opinion that bar, even though it was blue on your system still looks like high volume to me and therefore not a neutral bar - just my opinion though!

Regards,

Dan
  • #430
  • Jun 29, 2010 6:28am Jun 29, 2010 6:28am
bez if it means anythign to you (it shouldnt!),i look at only red and white, but more importantly i look at relative length of volume candles.


no trades for me so far.



Quoting DanUK
Hi bez,

Sorry I missed a couple of your questions earlier...



Try this: http://www.forexfactory.com/attachme...0&d=1242562173 it is the official guide to the BVI.



I have it set to the default settings... I think the difference is probably due to different brokers (which is where VSA can go a little squiggly and the reason that a service provider like eSignal might be a better option).

I would also caution against relying on the colours of the BVI too much... in my opinion that bar, even though it was...
  • #431
  • Jun 29, 2010 9:34am Jun 29, 2010 9:34am
closed for 1:1 as it hit s1. am going out for a while so cannot monitor. still 1% and a bit to recover from yesterday
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  • #432
  • Jun 29, 2010 3:29pm Jun 29, 2010 3:29pm
Right chaps... I have finally gotten around to starting my new journal which can be found here: http://www.forexfactory.com/showthread.php?t=243846

Please feel free to continue posting/discussing the intraday setups in the new journal as I am going to leave this journal to the long term trading stuff!

Regards,

Dan
  • #433
  • Jul 5, 2010 9:10am Jul 5, 2010 9:10am
Hi DanUk !

Since you are playing the long term Jacko strategy on GBP/USD, i wanted to know if i got it right.

If the market were to reach the resistance line this week, you are going to sell this market somewhere between 1.5300-1.5200, right?

Here is the chart i am looking at:
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  • #434
  • Last Post: Oct 22, 2010 2:22am Oct 22, 2010 2:22am
when technical analyst say the support and resistant levels what it means? and they mention upward and downward levels so how can we find upward or downward going to happen first?
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