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DanUK's Advanced Trend Trading Strategy

  • #21
  • Sep 8, 2010 5:48pm Sep 8, 2010 5:48pm
you say you use the daily and 4 hour chart but the chart you post as example are one hour chart. do you use the one hour also? i like the way you trade thats the way i was taught

Quoting DanUK
Ok, that is as much as I've written so far!

I haven't yet touched what is most likely the most important subject of trade management. It's getting late here now and I need to head off for a rest. If anyone is interested in this method of trading please let me know and I will continue tomorrow with trade management. I will also talk about counter-trend trades too.

Hope you all enjoy what I have to offer. Like I said - it's not ground breaking stuff but it works for me and a few others too!

Regards,

Dan
  • #22
  • Sep 8, 2010 6:42pm Sep 8, 2010 6:42pm
Hi Dan,
As always great work mate.
You explain it all very well, this is totaly the way I want to trade.
Looking forward to folowing you.
CP
  • #23
  • Sep 8, 2010 7:33pm Sep 8, 2010 7:33pm
VERY GOOD, INDEED, DANUK!

  • #24
  • Sep 9, 2010 1:42am Sep 9, 2010 1:42am
Very well explained Dan.

You've done a good job here of explaining a few things that can throw traders who are learning. The trend within a trend (i.e lower TF retracement of larger TF trend) and trendline within a main set of high and low trendlines are very well cleared up. Two pretty simple things to get your head around when explained but I see so many new traders on forums who are totally thrown by these aspect of "proper" trading.

I'll enjoy reading this as it develops.
  • #25
  • Sep 9, 2010 1:50am Sep 9, 2010 1:50am
Hi Dan,

Real good and real simple!

Just one question, specially when you are trading on 4hTF, how many bars candlsticks should the chart for analysis have to define the trend? I mean, I feel that depending on zoom in zoom out your perception might change...
  • #26
  • Sep 9, 2010 2:30am Sep 9, 2010 2:30am
Very clearly explained Dan! Thank you! I tend to stick to daily only, and am a follower of Strat's thread and method. Your approach is similar I think. I'll be watching this thread with great interest...
When in doubt, sit on your hands...
  • #27
  • Sep 9, 2010 2:35am Sep 9, 2010 2:35am
Looking good Dan, nice new thread
  • #28
  • Sep 9, 2010 2:57am Sep 9, 2010 2:57am
Commander

Trooper No 1 reporting back for duty

Nice thread as well as the blog too.

By the way i know it's over due... Happy belated B'day
"Thinking Heart & Feeling Brain"
  • #29
  • Sep 9, 2010 3:28am Sep 9, 2010 3:28am
Hi Dan

Mate, great explanations! Looking forward to reading more.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #30
  • Sep 9, 2010 3:40am Sep 9, 2010 3:40am
Looks promising. Keep up the good work Dan.
  • #31
  • Sep 9, 2010 4:00am Sep 9, 2010 4:00am
Dan
Great work. I've been a silent follower of your previous threads and have profited from your knowledge.

This thread has crystallised quite a few loose concepts that have been floating in my head..

Kudos to you mate...
  • #32
  • Sep 9, 2010 4:17am Sep 9, 2010 4:17am
trooper be on guard, commander court martials for lesser reasons than this!

[quote=Sylar;4010080
By the way i know it's over due... Happy belated B'day [/quote]
  • #33
  • Sep 9, 2010 4:25am Sep 9, 2010 4:25am
Sir

For those candlestick formations do you wait for the completion of the candlestick before taking a position?

As a trend trader most of the time you will be on the sideline awaiting for the trend to develop during the consolidation phrase... Would you utilised the same trading strategies i.e. RN, S&R, candlestick formations etc to trade these consolidating phrase?

Reason for asking is an accomplished trader (in my view you are an accomplished trader) will be proficient to feel the market pulse and trade it accordingly (trending or consolidating)

Eagerly awaiting your lessons on trade management
"Thinking Heart & Feeling Brain"
  • #34
  • Sep 9, 2010 4:28am Sep 9, 2010 4:28am
Sergeant CS

Please be lenient on me

Let's focus our energy & resources in making this thread a 5 stars success!!!
"Thinking Heart & Feeling Brain"
  • #35
  • Sep 9, 2010 5:29am Sep 9, 2010 5:29am
Quoting DanUK
Hi 4Xfactor,

When did you PM me? I haven't intentionally ignored you - but I don't seem to have received the message! Sorry about that!

Regards,

Dan
Wheeeewwww .... I PM'd you several months ago requesting information about a document you said you were going to write outlining an earlier system. Probably got lost in the noise.

Nice to know you're not ignoring me: Come here you!

Get's lonely sometimes out here in cyberspace.

Good luck with this new thread, I will follow with interest and look forward to your generous and informative insights.

Kind regards,
  • #36
  • Sep 9, 2010 6:34am Sep 9, 2010 6:34am
hi dan

looks good

john
  • #37
  • Sep 9, 2010 7:35am Sep 9, 2010 7:35am
Hi DanUK,

I wonder if you have ever read the book called "Candlestick charting explained" (one of top 50 trading books I think), there are sample pages on google. The book have done large scale statistics on the success rate of the reversal candlestick patterns, which is not very encouraging. If you have time, please read and comment the thread below.

http://www.forexfactory.com/showthread.php?t=252472

cheers,
kk007
  • #38
  • Edited 8:43am Sep 9, 2010 7:36am | Edited 8:43am
Quoting rebelheart
Dan well done a great Presentation, I for one will be following along, perhaps tomorrow you could post your present 4hr eu chart with trend lines and fibs, just so I can compare.

Rebel.
Hi Rebel,

Thank you for the compliment and active participation! Please find attached two charts of the EUR/USD - the first chart looks pretty similar to yours, with the fib drawn across the most recent swing down but I have also attached a second chart that shows the fib drawn across the most recent swing up - the reason being that I will pay attention to this fib too until another swing manages to move beyond it (currently price is still retracing within the last up swing).

Regards,

Dan
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 28 KB
Click to Enlarge Name: eu2.gif Size: 28 KB
  • #39
  • Sep 9, 2010 7:39am Sep 9, 2010 7:39am
Quoting baz
Great stuff DAN...and congratulations with another NEW THREAD...!!!!
wish you the best and may you GET the 5 stars asap... it deserves it..

baz
Thank you baz!
  • #40
  • Sep 9, 2010 7:40am Sep 9, 2010 7:40am
Great thread dance commander
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