Follow the flow of water in a stream
Trader Dale - daily trading levels
{quote} yes, I forgot to mention this one 1.18392 short
correction with pullback then pick front of hi vol zone 1.1829
if uptrend with correction - then price get thru that 1828-1840 area and it will stop with single touch around 1863 where we ll wait with level.
Plus traditional 1.1880 due lenghty price action.
PS
please keep in mind that i have less than 74% WR
keep it as opinion
- #8,595
- Edited 7:52am Aug 7, 2017 7:30am | Edited 7:52am
- Joined Dec 2012 | Status: Trader | 1,798 Posts
You can manage risk, but you can't manage the return
- #8,600
- Edited 4:47am Aug 8, 2017 2:39am | Edited 4:47am
- Joined Dec 2012 | Status: Trader | 1,798 Posts
{quote} HappyMe uses an EA to trade his levels and is a paid member. Compare his results with the results Dale posts in his excel spread sheet and see what you think. https://www.forexfactory.com/happyme#acct.08
I have to make an extra note on this message.... if you study my results you see some loses on 2 and 3 aug. Well that's my failure!! Firstly I was that stupid to change the tp/sl from 10/12 towards 10/10. Made some loses and wanted to recover quickly without any strategy! That completely messed up my gains from 35% last month!! (I'm trading with a 5% risk per trade at the moment) Since this morning I'm back on the track again and stopped messing around
Well I learned my lesson last week!
If I would have traded following Dale his levels I now could stand on a BE after this night (for this month )!
Since I'm a memeber I had the following result:
month Juli: I had a gain of 35%
month Aug: 0% until now (If I traded the levels)
(You can see all my traded levels in my trade explorer)
I think his methode is fully oke....BUT => try to get away from news events, and do not want to force trades, also monster moves just before the levels are often killers....I also would not advise to trade his methode by hand. Because you get to nervous (when to trigger?!).
Another advise: I think that his methode only is valid as we have quick moves...if a trade is running to long to get the 10pips then we give our soul to the market... that's why my rules trying to get out at BE after a specified time.
You can search my rules in this thread here....or see my EA (I programmed my rules into my EA)
Well as you see...it's not said you going to made it if you just follow his levels BUT I think you have an extra and good edge to be succesfull! That's why I still in this methode and made the EA as I published here (https://www.forexfactory.com/showthread.php?t=685378)
Good Luck!
You can manage risk, but you can't manage the return