DanUK's Advanced Trend Trading Strategy | Page 48 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Advanced Manual Stop Loss Strategy 2 replies

Advanced Strategy Tester 12 replies

DanUK's Intraday Experiment 279 replies

DanUK Simple EUR/USD Trading Journal 2009 1,005 replies

DanUK Trend Trading Journal 2010 433 replies

Attachments: DanUK's Advanced Trend Trading Strategy
Exit Attachments

DanUK's Advanced Trend Trading Strategy

  • #941
  • Jan 11, 2011 11:30am Jan 11, 2011 11:30am
Quoting Milan
There is a reason why I didnt take a trade on UJ and this is a weekly BUOB. For me is this pair in short-term long trend.
Now that I have looked at it again, I agree with you. And it was also pointed out to me that this pair failed to make a new lower low. Time will tell. If this is the case The USDJPY may be at the point of changing trend to the upside. So i will watch for the change

Take Care
Always Learning
  • #942
  • Jan 12, 2011 1:18pm Jan 12, 2011 1:18pm
Hi Dan.
A quick follow up to the AU Daily chart. I guess this is what you mean by patience. Although there's a few hours to close prices have moved up today, however haven't closed above the 1.00. Would it be fair to say just sit back and watch, or using your trading system place order to go long. If not can you offer a chart which in your opinion would be a no brainer trade. Lastly, based on the daily charts how many trades on average do you do in a month. Im still trying to figure out how many trades is to many per month etc.
Your insight is really appreciated.
Attached Image (click to enlarge)
Click to Enlarge Name: AU Daily.jpg Size: 80 KB
  • #943
  • Jan 12, 2011 4:02pm Jan 12, 2011 4:02pm
I'm looking at this at the moment any thoughts and opinions are appreciated.

Attached Image (click to enlarge)
Click to Enlarge Name: 2011-01-12_2147.png Size: 71 KB
  • #944
  • Jan 12, 2011 4:11pm Jan 12, 2011 4:11pm
Just a thought on A/U there may be a triple top on Gold and this maybe hindering the A/U price as it is a commodity currency, both Gold and Silver have had a great run and maybe taking a breather. If this is the case silver could be great buy on a pull back.
  • #945
  • Jan 12, 2011 4:18pm Jan 12, 2011 4:18pm
Attached Image (click to enlarge)
Click to Enlarge Name: silver1201.png Size: 55 KB
  • #946
  • Edited Jan 13, 2011 1:57am Jan 12, 2011 5:15pm | Edited Jan 13, 2011 1:57am
Quoting Sjr
Hi Dan.
A quick follow up to the AU Daily chart. I guess this is what you mean by patience. Although there's a few hours to close prices have moved up today, however haven't closed above the 1.00. Would it be fair to say just sit back and watch, or using your trading system place order to go long. If not can you offer a chart which in your opinion would be a no brainer trade. Lastly, based on the daily charts how many trades on average do you do in a month. Im still trying to figure out how many trades is to many per month etc.
Your insight is really...

Sjr,
My Daily has closed with a bullish engulfing, that should mean going up.
Attached Image
  • #947
  • Jan 12, 2011 9:49pm Jan 12, 2011 9:49pm
Hi Peter....

Your chart looks good, unlike my plain old one...
Just a question to ya, did you mean bullish engulfing ?? sorry a bit confused, cause you think prices are going up which I think they could.
  • #948
  • Jan 13, 2011 1:58am Jan 13, 2011 1:58am
Quoting Sjr
Hi Peter....

Your chart looks good, unlike my plain old one...
Just a question to ya, did you mean bullish engulfing ?? sorry a bit confused, cause you think prices are going up which I think they could.

Thanks Sjr, yes I did...edited.
  • #949
  • Jan 13, 2011 8:17am Jan 13, 2011 8:17am
Quoting aus1way
I'm looking at this at the moment any thoughts and opinions are appreciated.

Attachment
Hi, i am learning to analyse chart so i'll give a shot at this.
I think now the bias is for a short trade but if the price manages to go beyond the resistance zone of 1.3300 then I will wait and see if price can hold at the broken resistance turned support at 1.3300. If it holds, i'll look for a long trade.
  • #950
  • Jan 13, 2011 9:47am Jan 13, 2011 9:47am
I think gold is going to fall. It is making lower highs and lows. Also long-term up trendline is broken. Price is forming a spinning top pattern just on the 50% retracement of last bearish move. The 50% level almost coincides with strong 1383 level, but yesterday closed above it. If there was any signal candlestick, it would be a good mover I think.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 24 KB
  • #951
  • Jan 13, 2011 2:28pm Jan 13, 2011 2:28pm
Hi Happy, looks choppy at the moment so i'll be watching from the side for now. If you look at a weekly chart the last 2 candles are 500 pips down then up.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-01-13_2011.png Size: 55 KB
  • #952
  • Jan 13, 2011 2:43pm Jan 13, 2011 2:43pm
Hi Milan, I think we could see a retrace too we have a bearish engulfing weekly candle. I will be waiting for a good signal to go long as the metals are in a long term bull market.

Great thread thanks again Dan

Aus
  • #953
  • Jan 13, 2011 2:46pm Jan 13, 2011 2:46pm
Quoting aus1way
Hi Happy, looks choppy at the moment so i'll be watching from the side for now. If you look at a weekly chart the last 2 candles are 500 pips down then up.
Attachment
Yeah, been pretty hectic lately! So much for the nice slow trend of the E/U! Those days are gone I think (for now at least)! One wonders whether we've seen a false break down (Friday/Monday) to trap sellers before sending this up or whether this big bounce up is the big players getting ready to sell lots more! The Euro seems pretty screwed so I'm thinking the latter option is more likely. Time will tell! And with a bit of luck price might show us the way!

Couple of things I'm watching...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 21 KB
Click to Enlarge Name: eurcad.gif Size: 22 KB
Click to Enlarge Name: gbpusd.gif Size: 22 KB
  • #954
  • Jan 13, 2011 2:53pm Jan 13, 2011 2:53pm
I know its a 4h chart hope it's ok Dan.

Attached Image (click to enlarge)
Click to Enlarge Name: 2011-01-13_AU.png Size: 57 KB
  • #955
  • Jan 13, 2011 3:01pm Jan 13, 2011 3:01pm
I see you have G/U in there Dan, I stopped looking at that pair a while ago I felt like I needed holiday trying to work that one out.
  • #956
  • Jan 13, 2011 3:39pm Jan 13, 2011 3:39pm
What about short on GBPCHF? The previous swing low reached, retracement 61%, shooting star. Also trendline on the 4H chart is breached.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gf.gif Size: 25 KB
Click to Enlarge Name: gf4h.gif Size: 19 KB
  • #957
  • Jan 13, 2011 4:17pm Jan 13, 2011 4:17pm
Also USDCHF looks interesting. Yesterday BEEB, today SS on 61% retracement and on the level 0,9750. On 4H made lower low and lower high and trendline is broken
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uf.gif Size: 26 KB
Click to Enlarge Name: uf4h.gif Size: 22 KB
  • #958
  • Jan 14, 2011 2:59am Jan 14, 2011 2:59am
Hi all, I would say thanks to everyone on this thread,
it's about 1 year that I follow forex, till now I trade mostly with ea because I don't have sufficient knowledge to trade manually,
but since I started reading this thread it seems to open up new horizons for me.
it's very helpful to see your charts in real time and studying them.
thanks again.

Andrea.
  • #959
  • Jan 14, 2011 12:28pm Jan 14, 2011 12:28pm
Quoting aus1way
I know its a 4h chart hope it's ok Dan.

Attachment
Hi,

Good looking setup. It's also off of the 1.0000 big round number which is an important psych level.

The fact that price dropped back through this level last week with ease and then found resistance there this week does suggest that we may see a further move down.

However, strictly speaking this is a counter-trend move... although the uptrend has shown weakness a new downtrend has not yet developed. Because of that I would be a little more cautious with my stop.

Regards,

Dan
  • #960
  • Jan 14, 2011 12:33pm Jan 14, 2011 12:33pm
Quoting aus1way
I see you have G/U in there Dan, I stopped looking at that pair a while ago I felt like I needed holiday trying to work that one out.
Yeah, G/U has been pretty crap to trade lately. It's been really rather uneventful over the last couple of months.

Interesting to see that it has broken out of it's small downtrend this week. No conclusive proof that a new uptrend has started just yet but I will be watching to see what happens when price retraces back down. If we get a good signal to go long at a good location I would consider jumping in.

Regards,

Dan
0 traders viewing now