DislikedI also think this area is interesting if it's broken I can see it heading a long way down.Ignored
Hopefully this will be the first position of many on the new bear trend!
Regards,
Dan
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DislikedI also think this area is interesting if it's broken I can see it heading a long way down.Ignored
DislikedHi Dan,
Just wondering what criteria you used for your short trade on Euro/USD.
Doesn't appear to meet any of the 5 points on your check list as far as I can tell. Be grateful for some clarification.
Regards
PaulIgnored
DislikedHi gododdin,
Thanks for your questions... I have put my responses in blue below and hopefully it should help to clear things up a little more:
1. First of all you identify a trend on the daily by zooming out as far as possible. Let's assume you've got an uptrend for an imaginary case. Ok.
2. We've already identified our support and resistance...Ignored
DislikedHi all. I've been reading this thread for a few days now and have gotten to the halfway mark. This seems like a great strategy that builds on my basic way of trading. However, it is my perception that the thread appeared to have died a bit. Is anyone still following this thread? Is anyone still using this method? Does Dan even post here anymore?
Thanks.Ignored
DislikedI'll let Dan answer you. I'm a fan and have done this style of ATT trading for some time now.
Best Regards, NeoRioIgnored
DislikedHi all,
Yes I am still out here trading!
So I must apologise to kwaters and hotjoey who asked me questions but I missed them and it's probably a bit late to reply now!
DanIgnored
DislikedHi Dan,
A few years ago I read your old thread and really enjoyed it. I have incorporated much in my own strategy.
Then I see your name pop up again and simply have to subscribe.
I will read your thread and do some backtesting, however I do not doubt your ability, just to help me get a feel for it again.
Cheers.Ignored
DislikedHi gododdin,
Thanks for your questions... I have put my responses in blue below and hopefully it should help to clear things up a little more:
1. First of all you identify a trend on the daily by zooming out as far as possible. Let's assume you've got an uptrend for an imaginary case. Ok.
2. We've already identified our support and resistance levels and rounded down/up to round numbers as you suggest. Ok....Ignored
DislikedHi Sylar,
Thank you for your questions...
Yes to a certain extent I do rank my entries… I don’t really grade them but I do consider in my mind how good the setup looks and I only take it if I feel comfortable with it – you know when you should skip a trade because you will get to “feel” that the entry is not quite what it should be; at that stage you know it’s better to stay out.
[color=black][font=Verdana]If I get...Ignored
DislikedHi Ludo,
Thank you for your interest! I have also used some indicators to identify S/R levels but I have not seen this one before!
To be honest though I believe the very best indicator to use is the human eye! It requires a little training but it is the best way to do it in the long run imho!
Regards,
DanIgnored
DislikedOk I think the final part of the strategy that I need to explain (with the exception of counter trend trades) is how to get out.
[color=black][font=Verdana]The easiest way for me to explain exits is to use a chart... so lets take a nice easy one from earlier this year... the EUR/USD. I started selling this from the green line in the attached chart and exited all trades at the red line. Now if I had placed just this one trade I could have been up almost 1900 pips (which would have been about 25% for 2%...Ignored