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  • #1,041
  • Feb 3, 2011 4:28am Feb 3, 2011 4:28am
Quoting bez3000
Ken911,

Just my humble opinion but i would say the current trend is up, i have attached a chart to explain why.
[color=black][font=Verdana]When the trend line was broken and price failed to make lower lows and started to make higher highs that’s the time to look at a possible trend change. If you had entered around the 1.33500 then i would be watching the current price level with interest to see if it will break above...
Hello Bez.

Many thanks for taking the time to reply.

My feed doesnt quite show the higher low that your chart does, but shows an equal or slightly lower low still. Since then of course it has risen, and I would have been wise to have taken the long as you said. Strange how the different feeds can be slightly off and make a difference to the trade.
Can work both ways though, so as you kindly advised, I will keep and eye for a break above resistance if there is a trigger.
I do appreciate your help and advice.

Regards

Ken
  • #1,042
  • Feb 3, 2011 3:42pm Feb 3, 2011 3:42pm
We are in short trend. Reached 50% of previous move. Also reached 1,3050 level where there was congestion in the past. Today is outside bar to the direction of trend. I will send the stop under low of this bar.
Attached Image (click to enlarge)
Click to Enlarge Name: ef.gif Size: 17 KB
  • #1,043
  • Feb 3, 2011 7:00pm Feb 3, 2011 7:00pm
Quoting Milan
We are in short trend. Reached 50% of previous move. Also reached 1,3050 level where there was congestion in the past. Today is outside bar to the direction of trend. I will send the stop under low of this bar.
That looks a good trade Milan.

Pending short at 1.2854

Many Thanks

Ken
  • #1,044
  • Feb 7, 2011 3:29pm Feb 7, 2011 3:29pm
Hi guys,

Just a quick post as I only have a minute... keeping my eye on the Euro at the moment; possible buy on the cards!

I will be back later this week as I know there are a couple of questions addressed to me... I'm just struggling for time at the moment (as always!!).

Regards,

Dan
  • #1,045
  • Feb 7, 2011 9:45pm Feb 7, 2011 9:45pm
Appreciate any time you can spare Dan.

Regards

Ken
  • #1,046
  • Feb 10, 2011 3:59am Feb 10, 2011 3:59am
For anyone interested, here is my latest analysis video:

Weekly Analysis.

Best Regards,
NeoRio
Sentiment: Short on cash. Long on hope.
  • #1,047
  • Feb 13, 2011 1:59pm Feb 13, 2011 1:59pm
Quoting ken911
Hello Dan.

I am very new to longer TFs but so far, they do make a lot of sense, and "seem" to be easier to read.
Having said that, there are crosses at the moment, when I can not see the trend no matter what TF I look at or how much I zoom out. I am taking this as a sign to stay clear until a prominent trend shows itself. Probably just my inexperience though.

If I may, I would appreciate some guidance on one thing if you have time.

On some crosses, I am finding that my S/R "zones" are quite wide, and when I look at the chart I am finding...
Hi Ken,

Sorry for the slow response... as I mentioned in an earlier post time is a rare commodity at the moment.

S/R zones can often be quite large - typically my zones on UJ are about 100 pips wide. My zones on UJ tend to be about 200 to 400 pips apart.

I would say that less is more! If you haven't got much space between zones it may be that you are picking too many levels to watch.

I try and keep it to the levels that are particularly easy to see. The ones that really stand out when you are looking at a zoomed out daily or weekly (better) chart.

I have attached a chart for you to give you an idea of what I tend to be looking for.

Regards,

Dan
Attached Image (click to enlarge)
Click to Enlarge Name: uj levels.gif Size: 16 KB
  • #1,048
  • Feb 13, 2011 2:03pm Feb 13, 2011 2:03pm
Quoting fartist
hey dan! Thanks for sharing those charts! Esp the eur aud one.

I read through one of the link you posted, the one on eu. Where you netted 1000+ pips on that, i was wondering did you have a specific target before you enter the trade? Because it seems like you let the trade run as long as it kept making lower highs and lows.
So my qns is do you usually let your trade run or would you also have a fix target to take profit? Exampple a strong s&r level?

I like your last post in mentioning an hr a day for the freedom you need.

I totally am looking...
Hi fartist,

I tend to try and let my trades run for as long as possible. As you pointed out, I tend to place my stop beyond the lower highs and then watch how price reacts when it makes it back up to those highs. If it breaks I close out and if price rejects the area I hang on a little longer!

Regards,

Dan
  • #1,049
  • Feb 13, 2011 2:09pm Feb 13, 2011 2:09pm
Quoting NeoRio
For anyone interested, here is my latest analysis video:

Weekly Analysis.

Best Regards,
NeoRio
Nice work as always! I wish I knew how to make those funky videos!
  • #1,050
  • Feb 13, 2011 2:37pm Feb 13, 2011 2:37pm
Quoting NeoRio
For anyone interested, here is my latest analysis video:

Weekly Analysis.

Best Regards,
NeoRio
excellent analysis Rio
If you think you can or cannot do it you are correct
  • #1,051
  • Feb 13, 2011 2:39pm Feb 13, 2011 2:39pm
Hi guys,

I am trying to get back into the swing of doing a "weekly analysis" of a few of the majors.

To save me the hassle of uploading multiple images etc I decided just to post it on my blog at:

http://the-trend-trader.blogspot.com...uary-2011.html

which I am also going to make an attempt to keep up to date!

I will still be posting stuff on this thread but I am planning to post the weekly reviews on my blog for my own ease of access.

Hope that is of use to someone!

Regards,

Dan
  • #1,052
  • Feb 14, 2011 1:52pm Feb 14, 2011 1:52pm
I'm watching the EUR/USD with interest today.

Looking from the daily chart - if we get a hammer formation (still a few hours until close so pure speculation at this point) I will look to buy.

However, I am going to prepare to trade a breakout south if price remains below 1.3500.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU_Daily_2011-02-14.png Size: 27 KB
Click to Enlarge Name: EU_H4_2011-02-14.png Size: 27 KB
  • #1,053
  • Feb 14, 2011 1:53pm Feb 14, 2011 1:53pm
I did also take the AUD/USD setup I mentioned in my blog.

It's currently sitting a few pips in the red but I am still holding my position at this time.
Attached Image (click to enlarge)
Click to Enlarge Name: AU_2011-02-14.png Size: 33 KB
  • #1,054
  • Feb 14, 2011 1:57pm Feb 14, 2011 1:57pm
Another possible long setup here...



* * Not trade advice!!! Trade at your own risk and on your own analysis only * *
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD_2011-02-14.png Size: 27 KB
  • #1,055
  • Feb 14, 2011 6:56pm Feb 14, 2011 6:56pm
Quoting DanUK
Hi Ken,

Sorry for the slow response... as I mentioned in an earlier post time is a rare commodity at the moment.

S/R zones can often be quite large - typically my zones on UJ are about 100 pips wide. My zones on UJ tend to be about 200 to 400 pips apart.

I would say that less is more! If you haven't got much space between zones it may be that you are picking too many levels to watch.

I try and keep it to the levels that are particularly easy to see. The ones that really stand out when you are looking at a zoomed out daily or weekly...
Hi Dan

Many thanks for your reply, and the chart which was very helpful.

Your weekly analysis will be very useful too when you get the time.

Thanks again.

Regards

Ken
  • #1,056
  • Feb 15, 2011 10:22am Feb 15, 2011 10:22am
price near 1.55 now and depending on the price action, we may trade either direction.
If long, i wan to see a re-test before entering but i dont think it can last long so i will put tp near the outer TL.
currently i believe short will be a better option and if given price action, i will trade it and hold for as long as possible.
Any comments? thanks.
Attached Image
  • #1,057
  • Feb 15, 2011 2:19pm Feb 15, 2011 2:19pm
Quoting DanUK
Another possible long setup here...(EURCAD)
I drew my S/R lines a bit differently. TLs and swing analysis seems to be more bearish (to me). I know you don't use the 200ema, but the bounce off the ema along with the 61.8% fib retracement holding as resistance makes me wonder if we might not see more down movement?

NeoRio
Attached Image (click to enlarge)
Click to Enlarge Name: ec.gif Size: 37 KB
Sentiment: Short on cash. Long on hope.
  • #1,058
  • Feb 15, 2011 7:14pm Feb 15, 2011 7:14pm
Quoting happypi
price near 1.55 now and depending on the price action, we may trade either direction.
If long, i wan to see a re-test before entering but i dont think it can last long so i will put tp near the outer TL.
currently i believe short will be a better option and if given price action, i will trade it and hold for as long as possible.
Any comments? thanks.
Difficult to determine the overall trend now, but to me, it seems more likely to short. That would continue the previous bearish trend.

Regards

ken
  • #1,059
  • Feb 15, 2011 7:36pm Feb 15, 2011 7:36pm
Quoting DanUK
I did also take the AUD/USD setup I mentioned in my blog.

It's currently sitting a few pips in the red but I am still holding my position at this time.
Any update about this? Thanks.
  • #1,060
  • Feb 16, 2011 9:30am Feb 16, 2011 9:30am
Quoting ken911
Difficult to determine the overall trend now, but to me, it seems more likely to short. That would continue the previous bearish trend.

Regards

ken
Hi ken,

thanks for ur reply. as i am seeing now, price on the daily seems to be forming a bullish pin bar. I still favour a short trade but for now, I'll pass this pair.

EU is a more interesting pair to look at now. A daily pin-bar could be appearing at the 38.2% level. I'll take a look again after the candle closes to decide what to do.

Another trade i think worth looking is the NU. it's near 0.75 and i hope price gives me a signal to go long.
Thanks. Any comments?
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