Recent content by DavidKl

Hi Everyone, The reason why I wanted to start this thread is to bring some FX traders in Birmingham (UK) together and maybe even create a group that meets on the weekend to exchange ideas and experiences in the forex markets. It really doesn't matter if you are a PRO or a novice (pros probably...

Hi Everyone, This kind of subjects was probably posted here hundreds of times, however the reason why I wanted to start a discussion around the Trend Analysis is because I would like to find out how you guys are spotting the Short, Medium and Long term trends on your charts? I know that a lot...

Hi. I will study them... maybe we can chat again in the future.

Maybe it will be a good idea to start from a blank chart and I will be able to post my analysis to see if I am doing it right and have the right approach?

Hi Fugazsy touching on the AUDUSD, the analysis I posted yesterday. There was a triangle forming or pennant forming (continuation pattern). It also broke the support level and retested on the 15 min chart successfully. In my opinion it would be to go long on the pair as they long term trend is...

Hi Fugazsy. I hope you had a pretty good weekend. Ok so I just scanned the charts this evening and I have 2 possible set ups forming on the EUR/JPY and AUD/USD. By the way how many pairs are you watching (out of curiosity)? I watch 18 pairs. Coming back to the 2 opportunities. Please correct me...

Yes, I am following you, the way you are analyzing the charts it's simple yet effective. When I get back home from work I will have a lot more time to go and do some of my own analysis which I will share in this post later on today.

So taking everything what you said into consideration, when you are trading the H1 charts do you only consider the previous week highlighted by your Magenta lines and look how the price action develops on a daily basis? (highlighted in green lines). Just to let you know I trade both larger and...

So you are not using the larger time frame to put those lines in? Let's talk after your class :) It would be nice to find out how you are using those vertical lines? You are not using the larger time frame for the longer trend view?

Yup I got stopped out here. Now I know what to look out for.

Hi Fugazsy, I hope you doing fine. I just looked at a similar scenario to the one we talked about yesterday. In this case we have EUR/JPY pair, I now know what you meant by rather having a bull bar after the magnet. It would have worked a lot quicker than the EUR/GBP trade I'm in now. Please see...

Hi Fugazsy, Thank you for your feedback and yes I agree with you and I could have probably waited until the Sydney opened. Well it's open now as I am writing it and it seems to be heading up. I will happily post an update tomorrow morning.

Hi Fugazsy, Thanks for posting your examples of your trades, I guess it was a pretty good day for trading. I am getting they way you are analysing the charts, as you said at the beginning you can't really take the trades based on the trend lines alone and I agree with you 100%, I always looked...

Hi Fugazsy, I hope you are well buddy. Sorry I have been busy at work. I will go through your posts tonight and I will give you my feedback. I will drop a message later on.

Hi Fugazsy, Ok so it's a quick shot, taking your thinking into consideration and the below chart I would analyze this way. The below picture is GBP/USD on the 60 min. The blue line is 4 hour trend line, the black trend line below is the daily trendline. On the 4 hour GBP/USD chart the price...