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Trader Dale - daily trading levels

  • #541
  • Oct 17, 2016 8:09am Oct 17, 2016 8:09am
Quoting DavidHP
Yeah, i missed it too. Correct me if I am wrong, you are still keeping NZDCAD, right?
i dn really know whats wrong with everyone. i took that trade at 0.7620 and pocketed 10 pips. why does it hv to be a line on stone to enter exactly at given points?
There is only one way to learn. It’s through action.
  • #542
  • Oct 17, 2016 10:19am Oct 17, 2016 10:19am
Quoting mahfoozah
{quote} i dn really know whats wrong with everyone. i took that trade at 0.7620 and pocketed 10 pips. why does it hv to be a line on stone to enter exactly at given points?
This screenshot shows why I didn't take it, after having got mighty close without touching it reversed and took all the energy out of the level. At the 2nd move where it does touch the level the probability of a 2nd retrace is much reduced, and for me that is good enough reason to hold off until the next trade sets up. Had I taken it at 0.7620 on my chart i'd still be in that trade over an hour later, and generally these levels act as that first test shows. My personal take on trading is about managing risk, and the risk increased after that first pullback which gave 10 pips. These levels are great to trade from but I don't see the point of taking unnecessary risks, I'd sooner be out of a trade wishing I was in than in one wishing I was out

Attached Image
  • #543
  • Oct 17, 2016 10:30am Oct 17, 2016 10:30am
Quoting Js3mwtRc
{quote} Long AUDUSD from 75.874, target first sell level .220 with 7 pips stop. Great week.
+27 pips profit. Reason why I took this trade > AUD is strong correlated with NZD, following NZD bulls wasn't a bad idea today, also strong support, especially on 1 and 5 minutes timeframe.
Looking for profitable short term trades ...|
  • #544
  • Oct 17, 2016 5:28pm Oct 17, 2016 5:28pm
Quoting Trader-Dale
{quote} Sure I hold it but if there is't profit/loss on Wednesday before BOC rate Statement I exit the trade.
I was also in the NZDCAD swing trade along with Dale and others. It just hit the PT and delivered +71 pips. Great call Dale! It moved around a bit and took a few days, even going below trade price for a short while, but Dale certainly had the conviction yet again! Many thanks for the info.
  • #545
  • Oct 17, 2016 6:52pm Oct 17, 2016 6:52pm
Quoting Azk
{quote} I was also in the NZDCAD swing trade along with Dale and others. It just hit the PT and delivered +71 pips. Great call Dale! It moved around a bit and took a few days, even going below trade price for a short while, but Dale certainly had the conviction yet again! Many thanks for the info.

See..... it took DAYS ...... but came to See DALE...!!!
Thx Dale!!!!!!
  • #546
  • Oct 17, 2016 6:56pm Oct 17, 2016 6:56pm
Quoting Trader-Dale
{quote} I am verry happy that you like it. That is exactly what I hate most - people talking about history trades but not talking about future trades that they will actually take. I guess it's easier to talk about history than to predict future.
Yeap.....................you took the deadly task and giving us the hints......!!!
Which is DIFFICULT but amazing it works...!!!
Thx Dale
imdi
  • #547
  • Oct 17, 2016 8:00pm Oct 17, 2016 8:00pm
Hi Dale,

I got it NZDCAD. Thank you so much Dale

David
  • #548
  • Oct 17, 2016 11:04pm Oct 17, 2016 11:04pm
one is amazing:
price starts retracing like just in point , even against current intraday trend


audusd
0.7622 - 1p manual
0.7642 - tp
(fxcc ecn )
  • #549
  • Oct 18, 2016 12:58am Oct 18, 2016 12:58am
Quoting ziggy
{quote} This screenshot shows why I didn't take it, after having got mighty close without touching it reversed and took all the energy out of the level. At the 2nd move where it does touch the level the probability of a 2nd retrace is much reduced, and for me that is good enough reason to hold off until the next trade sets up. Had I taken it at 0.7620 on my chart i'd still be in that trade over an hour later, and generally these levels act as that first test shows. My personal take on trading is about managing risk, and the risk increased after...
true. same happened with the other level given by Dale.... market did not reach it and still gave 10 points. it is appealing to get early if market reaches there before hitting target enter again
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There is only one way to learn. It’s through action.
  • #550
  • Oct 18, 2016 1:57am Oct 18, 2016 1:57am
Intraday levels for 18.10.2016.
PT 10 pips, SL 12 pips.
Happy trading
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There aren't many clear levels today. But still a good lesson: Don't look for trades that aren't there. You don't have to trade. You don't make money with "trading" but with taking a "winning trade".
I will probably add one bonus level for usd/jpy today but I am still waiting before it becomes a "valid level".
  • #551
  • Oct 18, 2016 2:13am Oct 18, 2016 2:13am
NZD/CAD swing profit +71 pips.
Some of you asked me about moving SL and securing the trade. I told them not to. See what would happen if you moved your SL - you would have ended up without profit. But I have to admit that this trade was quite "psycho difficult"

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  • #552
  • Oct 18, 2016 2:14am Oct 18, 2016 2:14am
Quoting Trader-Dale
Intraday levels for 18.10.2016. PT 10 pips, SL 12 pips. Happy trading {image} {image} There aren't many clear levels today. But still a good lesson: Don't look for trades that aren't there. You don't have to trade. You don't make money with "trading" but with taking a "winning trade". I will probably add one bonus level for usd/jpy today but I am still waiting before it becomes a "valid level".
Thank you very much
  • #553
  • Oct 18, 2016 2:16am Oct 18, 2016 2:16am
Quoting Trader-Dale
Intraday levels for 18.10.2016. PT 10 pips, SL 12 pips. Happy trading {image} {image} There aren't many clear levels today. But still a good lesson: Don't look for trades that aren't there. You don't have to trade. You don't make money with "trading" but with taking a "winning trade". I will probably add one bonus level for usd/jpy today but I am still waiting before it becomes a "valid level".
  • #554
  • Oct 18, 2016 2:17am Oct 18, 2016 2:17am
Quoting Trader-Dale
.......You don't make money with "trading" but with taking a "winning trade".......
Good statement.... I have another one "You can manage risk, but you can't manage the return"

Happy Trading!!
You can manage risk, but you can't manage the return
  • #555
  • Oct 18, 2016 2:19am Oct 18, 2016 2:19am
Quoting Trader-Dale
NZD/CAD swing profit +71 pips. Some of you asked me about moving SL and securing the trade. I told them not to. See what would happen if you moved your SL - you would have ended up without profit. But I have to admit that this trade was quite "psycho difficult" {image}


grt work n result.....
patient n confidence PAID!
  • #556
  • Oct 18, 2016 2:30am Oct 18, 2016 2:30am
Quoting Trader-Dale
NZD/CAD swing profit +71 pips. Some of you asked me about moving SL and securing the trade. I told them not to. See what would happen if you moved your SL - you would have ended up without profit. But I have to admit that this trade was quite "psycho difficult" {image}
Hi Dale, it's like a glass ball. I closed it earlier, but still in profit. Give us more secrets.
Thank you it is Great
  • #557
  • Oct 18, 2016 2:50am Oct 18, 2016 2:50am
Imho:AUDCHF, sell
Its a bit above this year highs.
but how to enter this?
post january 2014 high is like 160 pips above.
  • #558
  • Oct 18, 2016 3:29am Oct 18, 2016 3:29am
Quoting januszo
Imho:AUDCHF, sell Its a bit above this year highs. but how to enter this? post january 2014 high is like 160 pips above.
I had a quick look at this pair and I would be more inclined to buy somewhere around 7490 or 7470. If it is to turn down, than it should turn +- now (at 0.7590)
  • #559
  • Oct 18, 2016 4:48am Oct 18, 2016 4:48am
quick update: eur/usd long 1.1008 intraday.
  • #560
  • Oct 18, 2016 5:02am Oct 18, 2016 5:02am
Quoting Trader-Dale
quick update: eur/usd long 1.1008 intraday.
damn, seems like it turned before the level.
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