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Trend Trading Chart Thread

  • #1,781
  • Jul 8, 2010 8:02pm Jul 8, 2010 8:02pm
Quoting DanUK
I've often wondered why we don't get more interest in this thread... we follow a sound method that gives very good opportunities to make a lot of money. The trouble with it I suppose is it takes hard work and understanding to make that money.


Dan
Dan, I'm sorry I have not been participating in your trend trading journal. However, I have been following you for quite some time. You may be surprised to find how many people find what I like to call "the method" a very good system to trade. I will try to involve myself more with this journal if you will stick around. It has been very enlightening & even profitable!! Thanks for all your help.

At the present time , I'm short the Euro/Usd at 1.2700. I believe we are still in a long term downtrend. My stop is at 1.2775. I would make the stop even tighter if I thought I could get away with it. I believe the daily trendline will provide some resistance at the 1.2700 level. It is interesting to see how the price action is folowing along the trendline now, several hours after I have entered the trade.

Shotshell
  • #1,782
  • Jul 9, 2010 1:22am Jul 9, 2010 1:22am
If today a significant correction will not be, it can be a frightening scenario of decline.
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  • #1,783
  • Jul 9, 2010 5:32am Jul 9, 2010 5:32am
Just gone short @ 12667 based on 4h Pin/BEOB as shown on my chart touching TL and very close to 50%.
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  • #1,784
  • Jul 9, 2010 5:39am Jul 9, 2010 5:39am
Quoting bez3000
Just gone short @ 12667 based on 4h Pin/BEOB as shown on my chart touching TL and very close to 50%.
Hi bez,

Good luck! I have a pending short but it has not triggered yet.

Regards,

Dan
  • #1,785
  • Jul 9, 2010 6:28am Jul 9, 2010 6:28am
Quoting DanUK
Hi bez,

Good luck! I have a pending short but it has not triggered yet.

Regards,

Dan
Cheers Dan, what price is your pending order at?
  • #1,786
  • Jul 9, 2010 7:08am Jul 9, 2010 7:08am
Quoting bez3000
Just gone short @ 12667 based on 4h Pin/BEOB as shown on my chart touching TL and very close to 50%.
nice! i guess we are in this now.
  • #1,787
  • Jul 9, 2010 7:15am Jul 9, 2010 7:15am
Quoting bez3000
Cheers Dan, what price is your pending order at?
Hi bez,

I am in now at 1.2660

Regards,

Dan
  • #1,788
  • Jul 9, 2010 7:36am Jul 9, 2010 7:36am
i was beginning to wonder if i had made the wrong decision to go short yesterday.
phew!
  • #1,789
  • Jul 9, 2010 7:47am Jul 9, 2010 7:47am
Quoting DanUK
Hi guys,

Thanks for your kind and amusing (FX Genius!) words.

I'm glad to see there are still people interested in trend trading and in the spirit of learning and sharing I shall continue to contribute!

Regards,

Dan
Dan, thank God u are back your effort to teach is not in vain, keep it up your reward shall be plentifull. This afternoon am positive on ej just because of what i learn from you. thanks
  • #1,790
  • Jul 10, 2010 10:06am Jul 10, 2010 10:06am
Quoting Fx_Genius
Are you talking about just this thread or all of your threads?

If all of them then I'm just left with 2 to follow here that don't make me

Picture Tennis & The Comedy Club. Everything else seems to have wandered to places it wasn't meant to be. I may not contribute much but I follow all the time when I can.

Happy trading!
2 to follow here. you must mean me and coolshades for sure right?
  • #1,791
  • Jul 10, 2010 11:18am Jul 10, 2010 11:18am
Hi everyone,

Hope everyone is having a great weekend.

I have attached a chart for audusd. According to what I am seeing, there are two channels that audusd can take. I have done my best to draw each one as clearly as possible.

Do you think audusd will continue upwards to channel 2 or will it take a knock from the resistance of channel? Or something else?

I am a newbie so my observations may be totally silly.

thanks in advance.

And goodluck to spain
Attached Image
  • #1,792
  • Jul 10, 2010 12:25pm Jul 10, 2010 12:25pm
Quoting crazzypip
2 to follow here. you must mean me and coolshades for sure right?
Well.... Ummmm... ya sure... OK....

Actually you guys are better than me at posting here.

Off topic just finished FTW (For the Win) by Cory Doctorow (Free ebook - CC License) and it does give a different look at the way markets are affected by different changes. I don't know if it will change my trading but it might make me look twice when something looks "funny".

From the introduction...

"For the Win is a book about economics (a subject that suddenly got a lot more relevant about halfway through the writing of this book, when the world's economy slid unceremoniously into the toilet and got stuck there), justice, politics, games and labor. For the Win connects the dots between the way we shop, the way we organize, and the way we play, and why some people are rich, some are poor, and how we seemed to get stuck there."

Online link.
http://craphound.com/ftw/Cory_Doctor...or_the_Win.htm
  • #1,793
  • Jul 12, 2010 2:36am Jul 12, 2010 2:36am
Hi all..
long time not posting here as june is a very hard month for trend trading, i don't have much trade setup as the trade that i take result in a loss.. but now the trend seem to be back againn.. I have just sold @1.2600.. its clear enough as to the reason i thinnk..
and i am thinking to be more flexible now.. maybe we can take trend trading based on H1 TF eventough in H4 that would means Counter trend.. but 1 hour is the smalest TF that i think i could trade without much stress
what do you think Dan?
  • #1,794
  • Jul 12, 2010 3:52am Jul 12, 2010 3:52am
New Week New Opportunities:
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  • #1,795
  • Jul 12, 2010 6:40am Jul 12, 2010 6:40am
My trades are
Short E/G 0.8377 from 50% fib
Short E/U 1.2700
Short E/N 1.7830

Wish us all luck.
CP
  • #1,796
  • Jul 12, 2010 8:14am Jul 12, 2010 8:14am
Hi guys,

Bit busy at work today but will post later when I'm free... just thought I'd add that I am in short too on EUR/GBP under the lovely H4 pin that developed off 0.8400 this morning.

Regards,

Dan
  • #1,797
  • Jul 12, 2010 10:31am Jul 12, 2010 10:31am
Possible pin forming on USD/JPY daily. if it closes this way then tomorrow i am looking to go short on this.
=)
  • #1,798
  • Edited 11:20am Jul 12, 2010 11:03am | Edited 11:20am
Quoting herzog21
Possible pin forming on USD/JPY daily. if it closes this way then tomorrow i am looking to go short on this.
=)
I entered short, this morning @ 8864.
  • #1,799
  • Jul 13, 2010 12:30am Jul 13, 2010 12:30am
ok folks, looks like all of you are back in trades full swing. alas for me work is overtaking life.

nevertheless, i have a pending sell on euro at the break of the latest double top on h4. lets see.
  • #1,800
  • Jul 13, 2010 9:48am Jul 13, 2010 9:48am
Quoting DanUK
Hi bez,

I am in now at 1.2660

Regards,

Dan
Closed at breakeven.
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